CQS New City High Yield Fund (NCYF) - Net Assets
Based on the latest financial reports, CQS New City High Yield Fund (NCYF) has net assets worth GBX318.88 Million GBX (≈ $38.80K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX359.52 Million ≈ $43.74K USD) and total liabilities (GBX40.64 Million ≈ $4.94K USD). 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. Check CQS New City High Yield Fund asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX318.88 Million |
| % of Total Assets | 88.7% |
| Annual Growth Rate | 8.3% |
| 5-Year Change | 27.59% |
| 10-Year Change | 51.03% |
| Growth Volatility | 42.74 |
CQS New City High Yield Fund - Net Assets Trend (2000–2025)
This chart illustrates how CQS New City High Yield Fund's net assets have evolved over time, based on quarterly financial data. Also explore how large is CQS New City High Yield Fund's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for CQS New City High Yield Fund (2000–2025)
The table below shows the annual net assets of CQS New City High Yield Fund from 2000 to 2025. For live valuation and market cap data, see CQS New City High Yield Fund market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX298.78 Million ≈ $36.35K |
+9.26% |
| 2024-06-30 | GBX273.46 Million ≈ $33.27K |
+13.74% |
| 2023-06-30 | GBX240.43 Million ≈ $29.25K |
+2.32% |
| 2022-06-30 | GBX234.99 Million ≈ $28.59K |
+0.35% |
| 2021-06-30 | GBX234.18 Million ≈ $28.49K |
+13.86% |
| 2020-06-30 | GBX205.68 Million ≈ $25.03K |
-11.77% |
| 2019-06-30 | GBX233.13 Million ≈ $28.36K |
+0.89% |
| 2018-06-30 | GBX231.07 Million ≈ $28.11K |
+6.15% |
| 2017-06-30 | GBX217.68 Million ≈ $26.48K |
+10.03% |
| 2016-06-30 | GBX197.83 Million ≈ $24.07K |
-5.20% |
| 2015-06-30 | GBX208.68 Million ≈ $25.39K |
+14.74% |
| 2014-06-30 | GBX181.86 Million ≈ $22.13K |
+23.00% |
| 2013-06-30 | GBX147.85 Million ≈ $17.99K |
+19.09% |
| 2012-06-30 | GBX124.15 Million ≈ $15.11K |
+2.93% |
| 2011-06-30 | GBX120.61 Million ≈ $14.68K |
+48.47% |
| 2010-06-30 | GBX81.24 Million ≈ $9.88K |
+24.83% |
| 2009-06-30 | GBX65.08 Million ≈ $7.92K |
-8.50% |
| 2008-06-30 | GBX71.12 Million ≈ $8.65K |
+3.65% |
| 2007-12-31 | GBX68.62 Million ≈ $8.35K |
-0.10% |
| 2007-07-31 | GBX68.69 Million ≈ $8.36K |
0.00% |
| 2006-06-30 | GBX68.69 Million ≈ $8.36K |
+211.34% |
| 2005-06-30 | GBX22.06 Million ≈ $2.68K |
+7.28% |
| 2004-06-30 | GBX20.57 Million ≈ $2.50K |
+8.87% |
| 2003-06-30 | GBX18.89 Million ≈ $2.30K |
-12.90% |
| 2002-06-30 | GBX21.69 Million ≈ $2.64K |
-42.09% |
| 2001-06-30 | GBX37.45 Million ≈ $4.56K |
-7.94% |
| 2000-06-30 | GBX40.68 Million ≈ $4.95K |
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Equity Component Analysis
This analysis shows how different components contribute to CQS New City High Yield Fund'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 grown by 6648900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX66.49 Million | 22.25% |
| Common Stock | GBX291.95 Million | 97.71% |
| Other Comprehensive Income | GBX-59.66 Million | -19.97% |
| Total Equity | GBX298.78 Million | 100.00% |
CQS New City High Yield Fund Competitors by Market Cap
The table below lists competitors of CQS New City High Yield Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hopening SA
PA:MLHPE
|
$4.22 Million |
|
Autonomix Medical, Inc. Common Stock
NASDAQ:AMIX
|
$4.22 Million |
|
Madhucon Projects Limited
NSE:MADHUCON
|
$4.22 Million |
|
Pensionbee Group PLC
LSE:PBEE
|
$4.23 Million |
|
Zelira Therapeutics Ltd
AU:ZLD
|
$4.21 Million |
|
Austin Metals Ltd
AU:AYT
|
$4.20 Million |
|
BGT Corporation Public Company Limited
BK:BGT
|
$4.19 Million |
|
Biophytis S.A.
NASDAQ:BPTSY
|
$4.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CQS New City High Yield Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 273,463,000 to 298,779,000, a change of 25,316,000 (9.3%).
- Net income of 17,455,000 contributed positively to equity growth.
- Dividend payments of 25,724,000 reduced retained earnings.
- New share issuances of 33,585,000 increased equity.
- Other comprehensive income decreased equity by 8,188,000.
- Other factors increased equity by 8,188,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX17.45 Million | +5.84% |
| Dividends Paid | GBX25.72 Million | -8.61% |
| Share Issuances | GBX33.59 Million | +11.24% |
| Other Comprehensive Income | GBX-8.19 Million | -2.74% |
| Other Changes | GBX8.19 Million | +2.74% |
| Total Change | GBX- | 9.26% |
Book Value vs Market Value Analysis
This analysis compares CQS New City High Yield Fund'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: 99.76x
- 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 increased from 94.29x to 99.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-06-30 | GBX0.55 | GBX51.40 | x |
| 2009-06-30 | GBX0.47 | GBX51.40 | x |
| 2010-06-30 | GBX0.53 | GBX51.40 | x |
| 2011-06-30 | GBX0.65 | GBX51.40 | x |
| 2012-06-30 | GBX0.58 | GBX51.40 | x |
| 2013-06-30 | GBX0.65 | GBX51.40 | x |
| 2014-06-30 | GBX0.71 | GBX51.40 | x |
| 2015-06-30 | GBX0.66 | GBX51.40 | x |
| 2016-06-30 | GBX0.55 | GBX51.40 | x |
| 2017-06-30 | GBX0.60 | GBX51.40 | x |
| 2018-06-30 | GBX0.60 | GBX51.40 | x |
| 2019-06-30 | GBX0.57 | GBX51.40 | x |
| 2020-06-30 | GBX0.48 | GBX51.40 | x |
| 2021-06-30 | GBX0.54 | GBX51.40 | x |
| 2022-06-30 | GBX0.51 | GBX51.40 | x |
| 2023-06-30 | GBX0.52 | GBX51.40 | x |
| 2024-06-30 | GBX0.51 | GBX51.40 | x |
| 2025-06-30 | GBX0.52 | GBX51.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CQS New City High Yield Fund 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): 5.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.94%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.15x
- Recent ROE (5.84%) is below the historical average (6.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 2.44% | 37.06% | 0.05x | 1.24x | GBX-5.38 Million |
| 2009 | -10.86% | 0.00% | -0.09x | 1.13x | GBX-13.58 Million |
| 2010 | 26.78% | 98.07% | 0.24x | 1.13x | GBX13.63 Million |
| 2011 | 14.92% | 97.38% | 0.14x | 1.12x | GBX5.93 Million |
| 2012 | 2.23% | 84.04% | 0.02x | 1.07x | GBX-9.64 Million |
| 2013 | 11.95% | 96.30% | 0.11x | 1.10x | GBX2.89 Million |
| 2014 | 8.12% | 94.63% | 0.08x | 1.10x | GBX-3.42 Million |
| 2015 | 0.38% | 42.01% | 0.01x | 1.12x | GBX-20.07 Million |
| 2016 | 0.68% | 58.03% | 0.01x | 1.13x | GBX-18.43 Million |
| 2017 | 14.03% | 97.03% | 0.13x | 1.12x | GBX8.77 Million |
| 2018 | 4.97% | 92.10% | 0.05x | 1.13x | GBX-11.63 Million |
| 2019 | 3.25% | 89.47% | 0.03x | 1.13x | GBX-15.74 Million |
| 2020 | -7.05% | 0.00% | -0.05x | 1.18x | GBX-35.07 Million |
| 2021 | 17.75% | 434.14% | 0.04x | 1.16x | GBX18.16 Million |
| 2022 | 1.71% | 15.42% | 0.10x | 1.15x | GBX-19.49 Million |
| 2023 | 1.33% | 12.80% | 0.09x | 1.16x | GBX-20.85 Million |
| 2024 | 15.88% | 88.30% | 0.16x | 1.16x | GBX16.07 Million |
| 2025 | 5.84% | 82.94% | 0.06x | 1.15x | GBX-12.42 Million |
Industry Comparison
This section compares CQS New City High Yield Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $420,069,800
- Average return on equity (ROE) among peers: -11.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CQS New City High Yield Fund (NCYF) | GBX318.88 Million | 2.44% | 0.13x | $4.21 Million |
| 3I Infrastructure PLC (3IN) | $2.27 Billion | 9.87% | 0.01x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $123.37 Million | 11.99% | 0.13x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $383.74 Million | 15.87% | 0.12x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $92.02 Million | 11.05% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $250.00 Million | -182.40% | 407.06x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $382.54 Million | 14.91% | 0.21x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $417.44 Million | 6.38% | 0.01x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $158.28 Million | -8.46% | 0.01x | $401.50 |
About CQS New City High Yield Fund
CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds. It uses a value approach to create its portfolio. The fund was formerly known… Read more