Polar Capital Global Financials Trust plc (PCFT) - Net Assets
Based on the latest financial reports, Polar Capital Global Financials Trust plc (PCFT) has net assets worth GBX376.29 Million GBX (≈ $45.78K USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX426.35 Million ≈ $51.87K USD) and total liabilities (GBX50.05 Million ≈ $6.09K 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 how tangible is Polar Capital Global Financials Trust pl's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX376.29 Million |
| % of Total Assets | 88.26% |
| Annual Growth Rate | 6.87% |
| 5-Year Change | -17.7% |
| 10-Year Change | 65.56% |
| Growth Volatility | 53.35 |
Polar Capital Global Financials Trust plc - Net Assets Trend (2013–2025)
This chart illustrates how Polar Capital Global Financials Trust plc's net assets have evolved over time, based on quarterly financial data. See PCFT days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Polar Capital Global Financials Trust plc (2013–2025)
The table below shows the annual net assets of Polar Capital Global Financials Trust plc from 2013 to 2025. For live valuation and market cap data, see market value of Polar Capital Global Financials Trust pl.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | GBX376.29 Million ≈ $45.78K |
-40.24% |
| 2024-11-30 | GBX629.68 Million ≈ $76.61K |
+28.98% |
| 2023-11-30 | GBX488.20 Million ≈ $59.40K |
-9.81% |
| 2022-11-30 | GBX541.27 Million ≈ $65.86K |
+18.38% |
| 2021-11-30 | GBX457.25 Million ≈ $55.63K |
+175.88% |
| 2020-11-30 | GBX165.74 Million ≈ $20.17K |
-44.97% |
| 2019-11-30 | GBX301.17 Million ≈ $36.64K |
+7.18% |
| 2018-11-30 | GBX280.98 Million ≈ $34.19K |
-4.20% |
| 2017-11-30 | GBX293.29 Million ≈ $35.69K |
+29.04% |
| 2016-11-30 | GBX227.29 Million ≈ $27.65K |
+17.37% |
| 2015-11-30 | GBX193.66 Million ≈ $23.56K |
+1.70% |
| 2014-11-30 | GBX190.41 Million ≈ $23.17K |
+12.33% |
| 2013-11-30 | GBX169.52 Million ≈ $20.63K |
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Equity Component Analysis
This analysis shows how different components contribute to Polar Capital Global Financials 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX16.59 Million | 4.41% |
| Other Comprehensive Income | GBX346.42 Million | 92.06% |
| Other Components | GBX13.29 Million | 3.53% |
| Total Equity | GBX376.29 Million | 100.00% |
Polar Capital Global Financials Trust plc Competitors by Market Cap
The table below lists competitors of Polar Capital Global Financials Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Champion Bear Resources Ltd.
V:CBA
|
$4.63 Million |
|
HeartCore Enterprises Inc
NASDAQ:HTCR
|
$4.63 Million |
|
Prolexus Bhd
KLSE:8966
|
$4.63 Million |
|
Qualitech Public Company Limited
BK:QLT
|
$4.64 Million |
|
XMReality AB
ST:XMR
|
$4.62 Million |
|
Colipays Reunion SA
PA:MLCLP
|
$4.62 Million |
|
Sfinks Polska S.A.
WAR:SFS
|
$4.62 Million |
|
Mountain Province Diamonds Inc
TO:MPVD
|
$4.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polar Capital Global Financials Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 629,678,000 to 376,292,000, a change of -253,386,000 (-40.2%).
- Net income of 54,620,000 contributed positively to equity growth.
- Dividend payments of 13,824,000 reduced retained earnings.
- Share repurchases of 294,182,000 reduced equity.
- Other comprehensive income increased equity by 344,741,001.
- Other factors decreased equity by 344,741,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX54.62 Million | +14.52% |
| Dividends Paid | GBX13.82 Million | -3.67% |
| Share Repurchases | GBX294.18 Million | -78.18% |
| Other Comprehensive Income | GBX344.74 Million | +91.62% |
| Other Changes | GBX-344.74 Million | -91.62% |
| Total Change | GBX- | -40.24% |
Book Value vs Market Value Analysis
This analysis compares Polar Capital Global Financials 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: 154.76x
- 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 decreased from 275.13x to 154.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-11-30 | GBX0.87 | GBX240.00 | x |
| 2014-11-30 | GBX0.88 | GBX240.00 | x |
| 2015-11-30 | GBX0.90 | GBX240.00 | x |
| 2016-11-30 | GBX1.06 | GBX240.00 | x |
| 2017-11-30 | GBX1.30 | GBX240.00 | x |
| 2018-11-30 | GBX1.12 | GBX240.00 | x |
| 2019-11-30 | GBX1.20 | GBX240.00 | x |
| 2020-11-30 | GBX1.07 | GBX240.00 | x |
| 2021-11-30 | GBX2.41 | GBX240.00 | x |
| 2022-11-30 | GBX1.69 | GBX240.00 | x |
| 2023-11-30 | GBX1.53 | GBX240.00 | x |
| 2024-11-30 | GBX2.06 | GBX240.00 | x |
| 2025-11-30 | GBX1.55 | GBX240.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polar Capital Global Financials 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): 14.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 310.16%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.13x
- Recent ROE (14.52%) is above the historical average (6.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 3.04% | 94.29% | 0.03x | 1.01x | GBX-11.80 Million |
| 2014 | 8.86% | 94.48% | 0.09x | 1.06x | GBX-2.17 Million |
| 2015 | 5.00% | 91.28% | 0.05x | 1.06x | GBX-9.68 Million |
| 2016 | 17.97% | 97.34% | 0.17x | 1.09x | GBX18.11 Million |
| 2017 | 12.70% | 96.59% | 0.13x | 1.04x | GBX7.92 Million |
| 2018 | -1.46% | 0.00% | -0.01x | 1.06x | GBX-32.20 Million |
| 2019 | 9.60% | 95.23% | 0.10x | 1.06x | GBX-1.21 Million |
| 2020 | -27.95% | 0.00% | -0.24x | 1.14x | GBX-62.90 Million |
| 2021 | 12.01% | 92.88% | 0.12x | 1.12x | GBX9.19 Million |
| 2022 | 1.01% | 70.95% | 0.01x | 1.12x | GBX-48.68 Million |
| 2023 | -3.18% | 0.00% | -0.01x | 1.16x | GBX-64.34 Million |
| 2024 | 26.14% | 92.86% | 0.25x | 1.13x | GBX101.61 Million |
| 2025 | 14.52% | 310.16% | 0.04x | 1.13x | GBX16.99 Million |
Industry Comparison
This section compares Polar Capital Global Financials Trust plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,704,100
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polar Capital Global Financials Trust plc (PCFT) | GBX376.29 Million | 3.04% | 0.13x | $4.62 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $41.69 Million |
| Albion Enterprise VCT PLC (AAEV) | $140.65 Million | 2.37% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $154.40 Million | 26.46% | 0.07x | $5.95 Million |
| Abrdn Asia Focus PLC (AAS) | $121.96 Million | 12.34% | 0.07x | $7.74 Million |
| Albion Technology & General VCT PLC (AATG) | $121.25 Million | -5.20% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $3.74 Billion | 2.67% | 35.62x | $50.56 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $428.13 Million | 2.15% | 0.15x | $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 | $56.72 Million |
| Artemis UK Future Leaders plc (AFL) | $152.03 Million | 18.55% | 0.02x | $404.11 |
About Polar Capital Global Financials Trust plc
Polar Capital Global Financials Trust plc is a closed-ended equity mutual fund launched and managed by Polar Capital LLP. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the financials sector. It invests in stocks of companies across all market capitalizations. The fund is actively managed. It benchmarks the performance of its… Read more