Pacific Horizon Investment Trust

LSE:PHI UK Asset Management
Market Cap
$9.28 Million
GBX76.27 Billion GBX
Market Cap Rank
#48133 Global
#1143 in UK
Share Price
GBX920.00
Change (1 day)
+1.21%
52-Week Range
GBX507.00 - GBX978.00
All Time High
GBX978.00
Categories
Companies in UK Asset Management Banking & Financial
About

Pacific Horizon Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co. It invests in the public equity markets of the Asia Pacific region (excluding Japan) and of the Indian Sub-continent. The fund seeks to invest in stocks of companies across diversified sectors. It primarily invests in growth st… Read more

Pacific Horizon Investment Trust (PHI) - Net Assets

Latest net assets as of July 2025: GBX613.36 Million GBX

Based on the latest financial reports, Pacific Horizon Investment Trust (PHI) has net assets worth GBX613.36 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 (GBX656.39 Million) and total liabilities (GBX43.04 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 GBX613.36 Million
% of Total Assets 93.44%
Annual Growth Rate 11.15%
5-Year Change -10.75%
10-Year Change 265.64%
Growth Volatility 605.12

Pacific Horizon Investment Trust - Net Assets Trend (2000–2025)

This chart illustrates how Pacific Horizon Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Pacific Horizon Investment Trust (2000–2025)

The table below shows the annual net assets of Pacific Horizon Investment Trust from 2000 to 2025.

Year Net Assets Change
2025-07-31 GBX613.36 Million +1.89%
2024-07-31 GBX601.97 Million +2.80%
2023-07-31 GBX585.56 Million -4.09%
2022-07-31 GBX610.55 Million -11.16%
2021-07-31 GBX687.23 Million +125.76%
2020-07-31 GBX304.40 Million +49.69%
2019-07-31 GBX203.35 Million -0.75%
2018-07-31 GBX204.88 Million -90.43%
2017-12-31 GBX2.14 Billion +1176.30%
2017-07-31 GBX167.75 Million -92.29%
2016-12-31 GBX2.18 Billion +1603.97%
2016-07-31 GBX127.70 Million -94.71%
2015-12-31 GBX2.42 Billion +1829.38%
2015-07-31 GBX125.17 Million -95.83%
2014-12-31 GBX3.00 Billion +2031.04%
2014-07-31 GBX140.92 Million +4.66%
2013-07-31 GBX134.64 Million +4.29%
2012-07-31 GBX129.10 Million -6.01%
2011-07-31 GBX137.35 Million +7.36%
2010-07-31 GBX127.94 Million +20.87%
2009-07-31 GBX105.85 Million +0.65%
2008-07-31 GBX105.17 Million -19.15%
2007-07-31 GBX130.08 Million +59.82%
2006-07-31 GBX81.39 Million +20.80%
2005-07-31 GBX67.37 Million +42.42%
2004-07-31 GBX47.30 Million +15.94%
2003-07-31 GBX40.80 Million -6.51%
2000-07-31 GBX43.64 Million --

Equity Component Analysis

This analysis shows how different components contribute to Pacific Horizon Investment Trust'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 194.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (July 2025)

Component Amount Percentage
Retained Earnings GBX9.08 Million 1.48%
Common Stock GBX9.21 Million 1.50%
Other Comprehensive Income GBX340.95 Million 55.59%
Other Components GBX254.12 Million 41.43%
Total Equity GBX613.36 Million 100.00%

Pacific Horizon Investment Trust Competitors by Market Cap

The table below lists competitors of Pacific Horizon Investment Trust ranked by their market capitalization.

Company Market Cap
European Green Transition PLC
LSE:EGT
 		$1.01K
Tariq Corp Ltd.
KAR:TCORP
 		$1.01K
Coral Products
LSE:CRU
 		$1.01K
NAK Stoffe AG
HM:NAK
 		$1.01K
Rua Life Sciences PLC
LSE:RUA
 		$1.01K
Space Kingdom Digital Capital Corp.
V:YSK-P
 		$1.01K
DMK Pharmaceuticals Corporation
PINK:DMKPQ
 		$1.01K
Ces Synergies Inc
PINK:CESX
 		$1.01K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Pacific Horizon Investment Trust's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 601,970,000 to 613,357,000, a change of 11,387,000 (1.9%).
  • Net income of 43,551,000 contributed positively to equity growth.
  • Dividend payments of 2,398,000 reduced retained earnings.
  • Share repurchases of 28,498,000 reduced equity.
  • Other comprehensive income increased equity by 11,695,000.
  • Other factors decreased equity by 12,963,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX43.55 Million +7.1%
Dividends Paid GBX2.40 Million -0.39%
Share Repurchases GBX28.50 Million -4.65%
Other Comprehensive Income GBX11.70 Million +1.91%
Other Changes GBX-12.96 Million -2.11%
Total Change GBX- 1.89%

Book Value vs Market Value Analysis

This analysis compares Pacific Horizon Investment Trust'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: 133.98x
  • 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 1827.46x to 133.98x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-07-31 GBX0.50 GBX920.00 x
2003-07-31 GBX0.53 GBX920.00 x
2004-07-31 GBX0.62 GBX920.00 x
2005-07-31 GBX0.88 GBX920.00 x
2006-07-31 GBX1.06 GBX920.00 x
2007-07-31 GBX1.68 GBX920.00 x
2008-07-31 GBX1.35 GBX920.00 x
2009-07-31 GBX1.35 GBX920.00 x
2010-07-31 GBX1.63 GBX920.00 x
2011-07-31 GBX1.76 GBX920.00 x
2012-07-31 GBX1.71 GBX920.00 x
2013-07-31 GBX1.80 GBX920.00 x
2014-07-31 GBX1.94 GBX920.00 x
2015-07-31 GBX1.88 GBX920.00 x
2016-07-31 GBX2.13 GBX920.00 x
2017-07-31 GBX3.05 GBX920.00 x
2018-07-31 GBX3.73 GBX920.00 x
2019-07-31 GBX3.47 GBX920.00 x
2020-07-31 GBX5.13 GBX920.00 x
2021-07-31 GBX8.74 GBX920.00 x
2022-07-31 GBX6.70 GBX920.00 x
2023-07-31 GBX6.35 GBX920.00 x
2024-07-31 GBX6.63 GBX920.00 x
2025-07-31 GBX6.87 GBX920.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pacific Horizon Investment Trust 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): 7.10%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 89.48%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 1.07x
  • Recent ROE (7.10%) is below the historical average (9.64%), 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 14.88% 86.78% 0.17x 1.02x GBX2.31 Million
2005 30.09% 94.14% 0.32x 1.01x GBX13.54 Million
2006 18.25% 89.59% 0.18x 1.10x GBX6.72 Million
2007 36.70% 96.16% 0.38x 1.01x GBX34.73 Million
2008 -23.43% 0.00% -0.21x 1.01x GBX-35.15 Million
2009 1.61% 50.55% 0.03x 1.00x GBX-8.88 Million
2010 18.37% 93.24% 0.20x 1.00x GBX10.70 Million
2011 9.20% 86.96% 0.11x 1.00x GBX-1.09 Million
2012 -3.36% 0.00% -0.03x 1.00x GBX-17.25 Million
2013 6.25% 94.62% 0.07x 1.00x GBX-5.04 Million
2014 10.19% 96.66% 0.10x 1.03x GBX262.30K
2015 -0.34% -424.75% 0.00x 1.11x GBX-12.95 Million
2016 11.25% 96.72% 0.11x 1.04x GBX1.60 Million
2017 28.29% 98.84% 0.26x 1.09x GBX30.69 Million
2018 10.79% 96.98% 0.10x 1.10x GBX1.63 Million
2019 -1.91% 0.00% -0.01x 1.10x GBX-24.22 Million
2020 26.50% 99.06% 0.25x 1.08x GBX50.21 Million
2021 28.98% 95.60% 0.27x 1.10x GBX130.44 Million
2022 -17.72% 0.00% -0.18x 1.01x GBX-169.24 Million
2023 -4.01% 0.00% -0.03x 1.01x GBX-81.32 Million
2024 4.47% 63.44% 0.07x 1.02x GBX-33.28 Million
2025 7.10% 89.48% 0.07x 1.07x GBX-17.78 Million

Industry Comparison

This section compares Pacific Horizon Investment Trust'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
Pacific Horizon Investment Trust (PHI) GBX613.36 Million 14.88% 0.07x $1.01K
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