RIT Capital Partners

LSE:RCP UK Asset Management
Market Cap
$36.77 Million
GBX302.19 Billion GBX
Market Cap Rank
#38106 Global
#530 in UK
Share Price
GBX2185.00
Change (1 day)
+1.63%
52-Week Range
GBX1722.00 - GBX2275.00
All Time High
GBX2607.41
Categories
Companies in UK Asset Management Banking & Financial
About

RIT Capital Partners Plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds. The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling). It employs a top-down approach to make its investments. The firm makes its inv… Read more

RIT Capital Partners (RCP) - Net Assets

Latest net assets as of June 2025: GBX3.75 Billion GBX

Based on the latest financial reports, RIT Capital Partners (RCP) has net assets worth GBX3.75 Billion GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX4.19 Billion) and total liabilities (GBX438.60 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 GBX3.75 Billion
% of Total Assets 89.53%
Annual Growth Rate 6.36%
5-Year Change 3.92%
10-Year Change 52.84%
Growth Volatility 15.24

RIT Capital Partners - Net Assets Trend (2000–2024)

This chart illustrates how RIT Capital Partners's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for RIT Capital Partners (2000–2024)

The table below shows the annual net assets of RIT Capital Partners from 2000 to 2024.

Year Net Assets Change
2024-12-31 GBX3.73 Billion +4.42%
2023-12-31 GBX3.57 Billion -3.99%
2022-12-31 GBX3.72 Billion -15.23%
2021-12-31 GBX4.39 Billion +22.28%
2020-12-31 GBX3.59 Billion +14.14%
2019-12-31 GBX3.15 Billion +11.14%
2018-12-31 GBX2.83 Billion -0.98%
2017-12-31 GBX2.86 Billion +6.17%
2016-12-31 GBX2.69 Billion +10.27%
2015-12-31 GBX2.44 Billion +6.16%
2014-12-31 GBX2.30 Billion +7.16%
2013-12-31 GBX2.15 Billion +16.18%
2012-12-31 GBX1.85 Billion -3.79%
2012-03-31 GBX1.92 Billion -3.23%
2011-03-31 GBX1.98 Billion +9.27%
2010-03-31 GBX1.82 Billion +34.45%
2009-03-31 GBX1.35 Billion -20.09%
2008-03-31 GBX1.69 Billion +3.33%
2007-03-31 GBX1.64 Billion +6.57%
2006-03-31 GBX1.53 Billion +37.86%
2005-03-31 GBX1.11 Billion +13.89%
2004-03-31 GBX977.51 Million +44.88%
2003-03-31 GBX674.71 Million -11.02%
2002-03-31 GBX758.27 Million +0.67%
2001-03-31 GBX753.19 Million -7.17%
2000-03-31 GBX811.39 Million --

Equity Component Analysis

This analysis shows how different components contribute to RIT Capital Partners'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 383.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock GBX156.80 Million 4.20%
Other Comprehensive Income GBX3.60 Billion 96.36%
Other Components GBX20.40 Million 0.55%
Total Equity GBX3.73 Billion 100.00%

RIT Capital Partners Competitors by Market Cap

The table below lists competitors of RIT Capital Partners ranked by their market capitalization.

Company Market Cap
SURMODICS
BE:SU6
 		$361.84K
Wyld Networks AB
ST:WYLD
 		$361.86K
Buzz Capital Inc
V:BUZ-P
 		$361.95K
Aveng Ltd
JSE:AEG
 		$362.08K
MUEHLBAUER HOLDING
BE:MUB
 		$361.61K
MENSCH UND MASCHINE - Dusseldorf Stock Exchang
DU:MUM
 		$361.18K
SEVERN TRENT - Dusseldorf Stock Exchang
DU:SVT1
 		$361.08K
Metlen Energy & Metals PLC
LSE:MTLN
 		$361.05K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in RIT Capital Partners's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,573,300,000 to 3,731,200,000, a change of 157,900,000 (4.4%).
  • Net income of 305,000,000 contributed positively to equity growth.
  • Dividend payments of 56,500,000 reduced retained earnings.
  • Share repurchases of 94,100,000 reduced equity.
  • Other comprehensive income increased equity by 3,548,600,000.
  • Other factors decreased equity by 3,545,100,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX305.00 Million +8.17%
Dividends Paid GBX56.50 Million -1.51%
Share Repurchases GBX94.10 Million -2.52%
Other Comprehensive Income GBX3.55 Billion +95.11%
Other Changes GBX-3.55 Billion -95.01%
Total Change GBX- 4.42%

Book Value vs Market Value Analysis

This analysis compares RIT Capital Partners'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: 84.97x
  • 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 507.79x to 84.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-03-31 GBX4.30 GBX2185.00 x
2004-03-31 GBX6.17 GBX2185.00 x
2005-03-31 GBX7.12 GBX2185.00 x
2006-03-31 GBX9.83 GBX2185.00 x
2007-03-31 GBX10.47 GBX2185.00 x
2008-03-31 GBX10.89 GBX2185.00 x
2009-03-31 GBX8.72 GBX2185.00 x
2010-03-31 GBX11.77 GBX2185.00 x
2011-03-31 GBX12.89 GBX2185.00 x
2012-03-31 GBX12.47 GBX2185.00 x
2012-12-31 GBX11.99 GBX2185.00 x
2013-12-31 GBX13.85 GBX2185.00 x
2014-12-31 GBX14.83 GBX2185.00 x
2015-12-31 GBX15.73 GBX2185.00 x
2016-12-31 GBX17.38 GBX2185.00 x
2017-12-31 GBX18.45 GBX2185.00 x
2018-12-31 GBX18.26 GBX2185.00 x
2019-12-31 GBX20.29 GBX2185.00 x
2020-12-31 GBX22.87 GBX2185.00 x
2021-12-31 GBX27.87 GBX2185.00 x
2022-12-31 GBX23.93 GBX2185.00 x
2023-12-31 GBX23.68 GBX2185.00 x
2024-12-31 GBX25.71 GBX2185.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently RIT Capital Partners 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): 8.17%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 81.27%
  • • Asset Turnover: 0.09x
  • • Equity Multiplier: 1.14x
  • Recent ROE (8.17%) is below the historical average (8.25%), 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 31.39% 93.08% 0.30x 1.13x GBX209.11 Million
2005 12.65% 86.07% 0.13x 1.11x GBX29.48 Million
2006 27.51% 89.64% 0.25x 1.20x GBX268.73 Million
2007 6.40% 77.54% 0.07x 1.23x GBX-58.96 Million
2008 4.65% 62.04% 0.06x 1.27x GBX-90.40 Million
2009 -23.35% 0.00% -0.16x 1.31x GBX-450.45 Million
2010 26.03% 87.68% 0.25x 1.20x GBX291.03 Million
2011 8.66% 81.89% 0.09x 1.15x GBX-26.60 Million
2012 -2.86% 0.00% -0.01x 1.15x GBX-246.90 Million
2012 -0.70% -67.01% 0.01x 1.10x GBX-197.72 Million
2013 15.84% 93.38% 0.15x 1.10x GBX125.30 Million
2014 8.75% 90.71% 0.08x 1.25x GBX-28.76 Million
2015 7.71% 86.26% 0.07x 1.25x GBX-55.83 Million
2016 11.22% 91.57% 0.10x 1.25x GBX32.89 Million
2017 7.71% 88.59% 0.07x 1.18x GBX-65.33 Million
2018 0.96% 47.54% 0.02x 1.19x GBX-255.92 Million
2019 10.88% 91.79% 0.11x 1.09x GBX27.74 Million
2020 14.03% 93.11% 0.13x 1.13x GBX144.86 Million
2021 19.57% 93.77% 0.18x 1.14x GBX420.17 Million
2022 -15.51% -2161.80% 0.01x 1.12x GBX-949.37 Million
2023 1.85% 203.38% 0.01x 1.09x GBX-291.23 Million
2024 8.17% 81.27% 0.09x 1.14x GBX-68.12 Million

Industry Comparison

This section compares RIT Capital Partners'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
RIT Capital Partners (RCP) GBX3.75 Billion 31.39% 0.12x $361.79K
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