North Atlantic Smaller Companies Investment Trust PLC
North Atlantic Smaller Companies Investment Trust PLC is an open-end equity mutual fund launched and managed by Harwood Capital LLP. It invests in public equity markets of global region. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of small-cap companies. North Atlantic Smaller Companies Investment Trust PLC was formed on January 24… Read more
North Atlantic Smaller Companies Investment Trust PLC (NAS) - Net Assets
Latest net assets as of July 2025: GBX743.48 Million GBX
Based on the latest financial reports, North Atlantic Smaller Companies Investment Trust PLC (NAS) has net assets worth GBX743.48 Million GBX as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX746.52 Million) and total liabilities (GBX3.04 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX743.48 Million |
| % of Total Assets | 99.59% |
| Annual Growth Rate | 7.91% |
| 5-Year Change | -3.87% |
| 10-Year Change | 79.74% |
| Growth Volatility | 13.06 |
North Atlantic Smaller Companies Investment Trust PLC - Net Assets Trend (2004–2025)
This chart illustrates how North Atlantic Smaller Companies Investment Trust PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for North Atlantic Smaller Companies Investment Trust PLC (2004–2025)
The table below shows the annual net assets of North Atlantic Smaller Companies Investment Trust PLC from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | GBX713.50 Million | +3.37% |
| 2024-01-31 | GBX690.23 Million | -0.45% |
| 2023-01-31 | GBX693.36 Million | -12.17% |
| 2022-01-31 | GBX789.47 Million | +6.36% |
| 2021-01-31 | GBX742.23 Million | +19.58% |
| 2020-01-31 | GBX620.72 Million | +16.80% |
| 2019-01-31 | GBX531.42 Million | +6.41% |
| 2018-01-31 | GBX499.42 Million | +16.52% |
| 2017-01-31 | GBX428.61 Million | +7.97% |
| 2016-01-31 | GBX396.96 Million | +20.69% |
| 2015-01-31 | GBX328.90 Million | -1.19% |
| 2014-01-31 | GBX332.85 Million | +21.29% |
| 2013-01-31 | GBX274.42 Million | +20.07% |
| 2012-01-31 | GBX228.54 Million | -5.46% |
| 2011-01-31 | GBX241.75 Million | +10.16% |
| 2010-01-31 | GBX219.46 Million | +23.21% |
| 2009-01-31 | GBX178.12 Million | -25.15% |
| 2008-01-31 | GBX237.97 Million | -4.67% |
| 2007-01-31 | GBX249.64 Million | +13.04% |
| 2006-01-31 | GBX220.85 Million | +28.00% |
| 2005-01-31 | GBX172.54 Million | +19.63% |
| 2004-01-31 | GBX144.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to North Atlantic Smaller Companies Investment Trust PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX661.00K | 0.09% |
| Other Components | GBX712.84 Million | 99.91% |
| Total Equity | GBX713.50 Million | 100.00% |
North Atlantic Smaller Companies Investment Trust PLC Competitors by Market Cap
The table below lists competitors of North Atlantic Smaller Companies Investment Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cebu Landmasters Inc
PSE:CLI
|
$380.70 |
|
Cinaport Acquisition Corp. III
V:CAC-P
|
$380.95 |
|
Osceola Gold Inc
PINK:OSCI
|
$381.03 |
|
Egyptians Housing Development & Reconstruction
EGX:EHDR
|
$381.64 |
|
MRL Corporation Limited
STU:M11
|
$379.82 |
|
Pan Asia Environmental Protection Group Limited
MU:4P9
|
$379.81 |
|
Markray Corp
PINK:RVBR
|
$379.72 |
|
Ruby Textile Mills Ltd
KAR:RUBY
|
$378.66 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North Atlantic Smaller Companies Investment Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 690,230,000 to 713,504,000, a change of 23,274,000 (3.4%).
- Net income of 41,920,000 contributed positively to equity growth.
- Dividend payments of 9,195,000 reduced retained earnings.
- Share repurchases of 9,451,000 reduced equity.
- Other comprehensive income decreased equity by 670,365,000.
- Other factors increased equity by 670,365,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX41.92 Million | +5.88% |
| Dividends Paid | GBX9.20 Million | -1.29% |
| Share Repurchases | GBX9.45 Million | -1.32% |
| Other Comprehensive Income | GBX-670.37 Million | -93.95% |
| Other Changes | GBX670.37 Million | +93.95% |
| Total Change | GBX- | 3.37% |
Book Value vs Market Value Analysis
This analysis compares North Atlantic Smaller Companies Investment Trust PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 28.46x to 6.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-01-31 | GBX11.77 | GBX335.00 | x |
| 2005-01-31 | GBX13.80 | GBX335.00 | x |
| 2006-01-31 | GBX16.16 | GBX335.00 | x |
| 2007-01-31 | GBX17.81 | GBX335.00 | x |
| 2008-01-31 | GBX16.58 | GBX335.00 | x |
| 2009-01-31 | GBX12.05 | GBX335.00 | x |
| 2010-01-31 | GBX14.82 | GBX335.00 | x |
| 2011-01-31 | GBX16.14 | GBX335.00 | x |
| 2012-01-31 | GBX15.76 | GBX335.00 | x |
| 2013-01-31 | GBX16.64 | GBX335.00 | x |
| 2014-01-31 | GBX20.50 | GBX335.00 | x |
| 2015-01-31 | GBX21.93 | GBX335.00 | x |
| 2016-01-31 | GBX27.34 | GBX335.00 | x |
| 2017-01-31 | GBX29.69 | GBX335.00 | x |
| 2018-01-31 | GBX34.61 | GBX335.00 | x |
| 2019-01-31 | GBX36.88 | GBX335.00 | x |
| 2020-01-31 | GBX43.59 | GBX335.00 | x |
| 2021-01-31 | GBX52.51 | GBX335.00 | x |
| 2022-01-31 | GBX56.71 | GBX335.00 | x |
| 2023-01-31 | GBX50.78 | GBX335.00 | x |
| 2024-01-31 | GBX51.10 | GBX335.00 | x |
| 2025-01-31 | GBX53.56 | GBX335.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North Atlantic Smaller Companies Investment Trust PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.87%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.01x
- Recent ROE (5.88%) is below the historical average (8.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 17.77% | 87.04% | 0.18x | 1.15x | GBX11.21 Million |
| 2005 | 16.26% | 85.97% | 0.18x | 1.04x | GBX10.80 Million |
| 2006 | 21.42% | 90.70% | 0.22x | 1.08x | GBX24.29 Million |
| 2007 | 12.98% | 88.74% | 0.14x | 1.05x | GBX7.20 Million |
| 2008 | -0.73% | -21.95% | 0.03x | 1.11x | GBX-25.55 Million |
| 2009 | -30.62% | 0.00% | -0.23x | 1.06x | GBX-72.34 Million |
| 2010 | 19.74% | 100.39% | 0.19x | 1.04x | GBX21.37 Million |
| 2011 | 17.27% | 100.52% | 0.15x | 1.17x | GBX17.01 Million |
| 2012 | -5.01% | 0.00% | -0.03x | 1.14x | GBX-33.26 Million |
| 2013 | 17.09% | 95.28% | 0.16x | 1.11x | GBX18.99 Million |
| 2014 | 17.94% | 96.61% | 0.17x | 1.08x | GBX25.88 Million |
| 2015 | 10.96% | 98.48% | 0.11x | 1.00x | GBX3.15 Million |
| 2016 | 17.72% | 98.97% | 0.18x | 1.01x | GBX30.65 Million |
| 2017 | 7.47% | 97.70% | 0.08x | 1.00x | GBX-10.82 Million |
| 2018 | 14.18% | 98.90% | 0.14x | 1.01x | GBX20.87 Million |
| 2019 | 6.66% | 97.90% | 0.07x | 1.04x | GBX-17.72 Million |
| 2020 | 15.93% | 93.36% | 0.17x | 1.00x | GBX36.78 Million |
| 2021 | 17.53% | 99.25% | 0.17x | 1.01x | GBX55.85 Million |
| 2022 | 8.22% | 96.93% | 0.08x | 1.00x | GBX-14.04 Million |
| 2023 | -13.13% | -360.03% | 0.04x | 1.01x | GBX-160.37 Million |
| 2024 | 0.31% | 19.05% | 0.02x | 1.00x | GBX-66.88 Million |
| 2025 | 5.88% | 96.87% | 0.06x | 1.01x | GBX-29.43 Million |
Industry Comparison
This section compares North Atlantic Smaller Companies Investment Trust PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North Atlantic Smaller Companies Investment Trust PLC (NAS) | GBX743.48 Million | 17.77% | 0.00x | $380.17 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |