Northern 3 Vct Plc (NTN) - Net Assets
Based on the latest financial reports, Northern 3 Vct Plc (NTN) has net assets worth GBX134.18 Million GBX (≈ $16.33K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX134.38 Million ≈ $16.35K USD) and total liabilities (GBX196.00K ≈ $23.85 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 Northern 3 Vct Plc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX134.18 Million |
| % of Total Assets | 99.85% |
| Annual Growth Rate | 10.3% |
| 5-Year Change | 25.57% |
| 10-Year Change | 2323.79% |
| Growth Volatility | 493.09 |
Northern 3 Vct Plc - Net Assets Trend (2002–2026)
This chart illustrates how Northern 3 Vct Plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NTN stock market capitalisation.
Annual Net Assets for Northern 3 Vct Plc (2002–2026)
The table below shows the annual net assets of Northern 3 Vct Plc from 2002 to 2026. Also explore Northern 3 Vct Plc net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | GBX134.18 Million ≈ $16.33K |
+3.13% |
| 2025-03-31 | GBX130.11 Million ≈ $15.83K |
+6.21% |
| 2024-03-31 | GBX122.50 Million ≈ $14.90K |
+8.41% |
| 2023-03-31 | GBX112.99 Million ≈ $13.75K |
+5.74% |
| 2022-03-31 | GBX106.86 Million ≈ $13.00K |
-9.09% |
| 2021-03-31 | GBX117.54 Million ≈ $14.30K |
+62.03% |
| 2020-03-31 | GBX72.54 Million ≈ $8.83K |
-12.31% |
| 2019-03-31 | GBX82.73 Million ≈ $10.07K |
-1.81% |
| 2018-03-31 | GBX84.26 Million ≈ $10.25K |
+1422.04% |
| 2017-12-31 | GBX5.54 Million ≈ $673.57 |
-92.08% |
| 2017-03-31 | GBX69.89 Million ≈ $8.50K |
+1618.09% |
| 2016-12-31 | GBX4.07 Million ≈ $494.96 |
-93.93% |
| 2016-03-31 | GBX66.96 Million ≈ $8.15K |
+1640.23% |
| 2015-12-31 | GBX3.85 Million ≈ $468.19 |
-94.59% |
| 2015-03-31 | GBX71.16 Million ≈ $8.66K |
-0.20% |
| 2014-03-31 | GBX71.30 Million ≈ $8.67K |
+41.03% |
| 2013-03-31 | GBX50.56 Million ≈ $6.15K |
+5.77% |
| 2012-03-31 | GBX47.80 Million ≈ $5.82K |
+27.71% |
| 2011-03-31 | GBX37.43 Million ≈ $4.55K |
+15.48% |
| 2010-03-31 | GBX32.41 Million ≈ $3.94K |
+33.26% |
| 2009-03-31 | GBX24.32 Million ≈ $2.96K |
-15.09% |
| 2008-03-31 | GBX28.64 Million ≈ $3.49K |
-2.91% |
| 2007-09-30 | GBX29.50 Million ≈ $3.59K |
+0.76% |
| 2006-09-30 | GBX29.28 Million ≈ $3.56K |
-2.84% |
| 2005-09-30 | GBX30.14 Million ≈ $3.67K |
+44.87% |
| 2004-09-30 | GBX20.80 Million ≈ $2.53K |
+26.45% |
| 2003-09-30 | GBX16.45 Million ≈ $2.00K |
+22.62% |
| 2002-09-30 | GBX13.42 Million ≈ $1.63K |
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Equity Component Analysis
This analysis shows how different components contribute to Northern 3 Vct 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 grown by 23740.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.19 Million | 0.89% |
| Common Stock | GBX7.88 Million | 5.87% |
| Other Comprehensive Income | GBX36.07 Million | 26.88% |
| Other Components | GBX89.04 Million | 66.36% |
| Total Equity | GBX134.18 Million | 100.00% |
Northern 3 Vct Plc Competitors by Market Cap
The table below lists competitors of Northern 3 Vct Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Camellia Plc
LSE:CAM
|
$1.76 Million |
|
Digital Ally Inc
NASDAQ:DGLY
|
$1.76 Million |
|
SPoT Coffee Ltd
V:SPP
|
$1.76 Million |
|
AfriTin Mining Ltd
LSE:ATM
|
$1.77 Million |
|
Gabather AB (publ)
ST:GABA
|
$1.76 Million |
|
KATORO GOLD PLC LS-01
F:622
|
$1.76 Million |
|
AnalytixInsight Inc
V:ALY
|
$1.76 Million |
|
Goldcliff Resource Corp
V:GCN
|
$1.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern 3 Vct Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 130,109,000 to 134,181,000, a change of 4,072,000 (3.1%).
- Net loss of 952,000 reduced equity.
- Dividend payments of 6,902,000 reduced retained earnings.
- Share repurchases of 6,015,000 reduced equity.
- New share issuances of 18,545,000 increased equity.
- Other comprehensive income decreased equity by 23,290,999.
- Other factors increased equity by 22,686,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-952.00K | -0.71% |
| Dividends Paid | GBX6.90 Million | -5.14% |
| Share Repurchases | GBX6.01 Million | -4.48% |
| Share Issuances | GBX18.55 Million | +13.82% |
| Other Comprehensive Income | GBX-23.29 Million | -17.36% |
| Other Changes | GBX22.69 Million | +16.91% |
| Total Change | GBX- | 3.13% |
Book Value vs Market Value Analysis
This analysis compares Northern 3 Vct 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: 93.34x
- 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 84.61x to 93.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-09-30 | GBX0.97 | GBX82.00 | x |
| 2003-09-30 | GBX0.95 | GBX82.00 | x |
| 2004-09-30 | GBX0.93 | GBX82.00 | x |
| 2005-09-30 | GBX0.96 | GBX82.00 | x |
| 2006-09-30 | GBX0.95 | GBX82.00 | x |
| 2007-09-30 | GBX0.98 | GBX82.00 | x |
| 2008-03-31 | GBX0.96 | GBX82.00 | x |
| 2009-03-31 | GBX0.84 | GBX82.00 | x |
| 2010-03-31 | GBX1.04 | GBX82.00 | x |
| 2011-03-31 | GBX0.92 | GBX82.00 | x |
| 2012-03-31 | GBX1.00 | GBX82.00 | x |
| 2013-03-31 | GBX1.03 | GBX82.00 | x |
| 2014-03-31 | GBX1.29 | GBX82.00 | x |
| 2015-03-31 | GBX1.07 | GBX82.00 | x |
| 2016-03-31 | GBX1.01 | GBX82.00 | x |
| 2017-03-31 | GBX1.06 | GBX82.00 | x |
| 2018-03-31 | GBX1.08 | GBX82.00 | x |
| 2019-03-31 | GBX0.93 | GBX82.00 | x |
| 2020-03-31 | GBX0.77 | GBX82.00 | x |
| 2021-03-31 | GBX1.07 | GBX82.00 | x |
| 2022-03-31 | GBX0.97 | GBX82.00 | x |
| 2023-03-31 | GBX1.03 | GBX82.00 | x |
| 2024-03-31 | GBX0.93 | GBX82.00 | x |
| 2025-03-31 | GBX0.89 | GBX82.00 | x |
| 2026-03-31 | GBX0.88 | GBX82.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern 3 Vct 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): -0.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -44.14%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.00x
- Recent ROE (-0.71%) is below the historical average (3.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.66% | 33.09% | 0.02x | 1.00x | GBX-1.26 Million |
| 2003 | 1.77% | 48.28% | 0.04x | 1.00x | GBX-1.38 Million |
| 2004 | 1.87% | 50.32% | 0.04x | 1.05x | GBX-1.69 Million |
| 2005 | 2.19% | 53.65% | 0.04x | 1.01x | GBX-2.35 Million |
| 2006 | 2.60% | 40.62% | 0.06x | 1.01x | GBX-2.17 Million |
| 2007 | 2.99% | 29.36% | 0.10x | 1.01x | GBX-2.07 Million |
| 2008 | 4.30% | 28.79% | 0.15x | 1.01x | GBX-1.63 Million |
| 2009 | 3.10% | 0.00% | 0.00x | 1.01x | GBX-1.68 Million |
| 2010 | 1.50% | 13.37% | 0.11x | 1.01x | GBX-2.76 Million |
| 2011 | 1.43% | 16.06% | 0.09x | 1.02x | GBX-3.21 Million |
| 2012 | 2.19% | 19.36% | 0.11x | 1.01x | GBX-3.73 Million |
| 2013 | 12.09% | 95.37% | 0.12x | 1.01x | GBX1.06 Million |
| 2014 | 8.14% | 93.98% | 0.09x | 1.01x | GBX-1.32 Million |
| 2015 | 3.62% | 87.27% | 0.04x | 1.00x | GBX-4.54 Million |
| 2016 | 10.21% | 75.67% | 0.13x | 1.01x | GBX139.60K |
| 2017 | 13.70% | 96.90% | 0.13x | 1.08x | GBX2.59 Million |
| 2018 | -1.94% | 0.00% | -0.02x | 1.00x | GBX-10.06 Million |
| 2019 | 6.02% | 93.03% | 0.06x | 1.08x | GBX-3.29 Million |
| 2020 | -15.28% | 0.00% | -0.15x | 1.00x | GBX-18.34 Million |
| 2021 | 31.82% | 98.93% | 0.32x | 1.02x | GBX25.65 Million |
| 2022 | -0.11% | -41.32% | 0.00x | 1.00x | GBX-10.80 Million |
| 2023 | -1.74% | 0.00% | -0.01x | 1.00x | GBX-13.27 Million |
| 2024 | 2.48% | 52.77% | 0.05x | 1.00x | GBX-9.21 Million |
| 2025 | 5.35% | 92.73% | 0.06x | 1.00x | GBX-6.05 Million |
| 2026 | -0.71% | -44.14% | 0.02x | 1.00x | GBX-14.37 Million |
Industry Comparison
This section compares Northern 3 Vct Plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $941,116,400
- Average return on equity (ROE) among peers: 1.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northern 3 Vct Plc (NTN) | GBX134.18 Million | 0.66% | 0.00x | $1.76 Million |
| 3I Infrastructure PLC (3IN) | $1.11 Billion | 6.37% | 0.00x | $44.10 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $403.40 Million | 9.84% | 0.09x | $5.48 Million |
| Abrdn Asia Focus PLC (AAS) | $441.01 Million | 6.12% | 0.13x | $7.43 Million |
| Albion Technology & General VCT PLC (AATG) | $10.72 Million | 4.28% | 0.02x | $3.15 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $52.83 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $151.71 Million | -30.13% | 0.03x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $127.67 Million | 24.33% | 0.02x | $446.78 |
About Northern 3 Vct Plc
Northern 3 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. Within direct, the fund seeks to invest in middle market, later stage, mature and growth capital. Within fund of funds, it makes private equity fund investments. The fund invests in all sectors. It typically invests in the United Kingdom. The fund typically invests between £2 million ($3.11 million… Read more