River and Mercantile UK Micro Cap Investment Company Ltd
River and Mercantile UK Micro Cap Investment Company Limited is a closed-ended equity mutual fund launched by Carne Global AIFM Solutions. The fund is managed by River and Mercantile Asset Management LLP. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of micro cap c… Read more
River and Mercantile UK Micro Cap Investment Company Ltd (RMMC) - Net Assets
Latest net assets as of September 2024: GBX68.98 Million GBX
Based on the latest financial reports, River and Mercantile UK Micro Cap Investment Company Ltd (RMMC) has net assets worth GBX68.98 Million GBX as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX69.19 Million) and total liabilities (GBX213.28K). 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 | GBX68.98 Million |
| % of Total Assets | 99.69% |
| Annual Growth Rate | 2.36% |
| 5-Year Change | -38.02% |
| 10-Year Change | -21.46% |
| Growth Volatility | 22.65 |
River and Mercantile UK Micro Cap Investment Company Ltd - Net Assets Trend (2015–2024)
This chart illustrates how River and Mercantile UK Micro Cap Investment Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for River and Mercantile UK Micro Cap Investment Company Ltd (2015–2024)
The table below shows the annual net assets of River and Mercantile UK Micro Cap Investment Company Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | GBX68.98 Million | +14.87% |
| 2023-09-30 | GBX60.05 Million | +3.81% |
| 2022-12-31 | GBX57.84 Million | 0.00% |
| 2022-09-30 | GBX57.84 Million | -48.03% |
| 2021-12-31 | GBX111.29 Million | 0.00% |
| 2021-09-30 | GBX111.29 Million | +16.39% |
| 2020-12-31 | GBX95.61 Million | 0.00% |
| 2020-09-30 | GBX95.61 Million | +8.88% |
| 2019-12-31 | GBX87.82 Million | 0.00% |
| 2019-09-30 | GBX87.82 Million | -17.48% |
| 2018-09-30 | GBX106.42 Million | -2.97% |
| 2017-09-30 | GBX109.68 Million | +26.82% |
| 2016-09-30 | GBX86.48 Million | +54.74% |
| 2015-09-30 | GBX55.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to River and Mercantile UK Micro Cap Investment Company Ltd'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 1001.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX68.98 Million | 100.00% |
| Total Equity | GBX68.98 Million | 100.00% |
River and Mercantile UK Micro Cap Investment Company Ltd Competitors by Market Cap
The table below lists competitors of River and Mercantile UK Micro Cap Investment Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SEARS HOLDINGS
HM:SEE
|
$252.20 |
|
K-Electric Ltd
KAR:KEL
|
$252.34 |
|
Cairo Oils & Soap
EGX:COSG
|
$252.72 |
|
AZEV4F
SA:AZEV4F
|
$252.88 |
|
JAKARTA INTL HTL DV
BE:JAK1
|
$251.39 |
|
BROWNS INVESTMENTS PLC
CM:BILN0000
|
$251.03 |
|
Horseshoe Metals Limited (6HS.S
STU:6HS
|
$250.51 |
|
Waves Home App
KAR:WAVESAPP
|
$249.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in River and Mercantile UK Micro Cap Investment Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,045,189 to 68,975,249, a change of 8,930,060 (14.9%).
- Net income of 8,930,060 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX8.93 Million | +12.95% |
| Total Change | GBX- | 14.87% |
Book Value vs Market Value Analysis
This analysis compares River and Mercantile UK Micro Cap Investment Company Ltd'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: 113.03x
- 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 176.34x to 113.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-09-30 | GBX1.30 | GBX230.00 | x |
| 2016-09-30 | GBX1.29 | GBX230.00 | x |
| 2017-09-30 | GBX1.67 | GBX230.00 | x |
| 2018-09-30 | GBX2.03 | GBX230.00 | x |
| 2019-09-30 | GBX1.89 | GBX230.00 | x |
| 2019-12-31 | GBX1.89 | GBX230.00 | x |
| 2020-09-30 | GBX2.06 | GBX230.00 | x |
| 2020-12-31 | GBX2.06 | GBX230.00 | x |
| 2021-09-30 | GBX2.79 | GBX230.00 | x |
| 2021-12-31 | GBX2.79 | GBX230.00 | x |
| 2022-09-30 | GBX1.71 | GBX230.00 | x |
| 2022-12-31 | GBX1.71 | GBX230.00 | x |
| 2023-09-30 | GBX1.77 | GBX230.00 | x |
| 2024-09-30 | GBX2.03 | GBX230.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently River and Mercantile UK Micro Cap Investment Company Ltd 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): 12.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.05x
- • Equity Multiplier: 1.00x
- Recent ROE (12.95%) is above the historical average (-1.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 11.20% | 93.22% | 0.12x | 1.01x | GBX671.56K |
| 2016 | 11.42% | 94.62% | 0.12x | 1.02x | GBX1.23 Million |
| 2017 | 34.83% | 98.41% | 0.35x | 1.01x | GBX27.23 Million |
| 2018 | 22.26% | 97.37% | 0.23x | 1.01x | GBX13.04 Million |
| 2019 | -21.18% | 0.00% | -0.20x | 1.00x | GBX-27.38 Million |
| 2019 | -21.18% | 0.00% | -0.20x | 1.00x | GBX-27.38 Million |
| 2020 | 8.15% | 93.98% | 0.09x | 1.01x | GBX-1.77 Million |
| 2020 | 8.15% | 93.98% | 0.09x | 1.01x | GBX-1.77 Million |
| 2021 | 45.54% | 98.76% | 0.46x | 1.01x | GBX39.55 Million |
| 2021 | 45.54% | 98.76% | 0.46x | 1.01x | GBX39.55 Million |
| 2022 | -92.41% | 0.00% | -0.90x | 1.01x | GBX-59.23 Million |
| 2022 | -92.41% | 0.00% | -0.90x | 1.01x | GBX-59.23 Million |
| 2023 | 3.67% | 77.90% | 0.05x | 1.00x | GBX-3.80 Million |
| 2024 | 12.95% | 0.00% | -0.05x | 1.00x | GBX2.03 Million |
Industry Comparison
This section compares River and Mercantile UK Micro Cap Investment Company Ltd'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 |
|---|---|---|---|---|
| River and Mercantile UK Micro Cap Investment Company Ltd (RMMC) | GBX68.98 Million | 11.20% | 0.00x | $252.06 |
| 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 |