Scottish American Investment Co

LSE:SAIN UK Asset Management
Market Cap
$10.04 Million
GBX82.49 Billion GBX
Market Cap Rank
#48752 Global
#1228 in UK
Share Price
GBX507.00
Change (1 day)
+0.20%
52-Week Range
GBX454.50 - GBX533.00
All Time High
GBX533.00
Categories
Companies in UK Asset Management Banking & Financial
About

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co. and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying growth st… Read more

Scottish American Investment Co (SAIN) - Net Assets

Latest net assets as of December 2025: GBX878.63 Million GBX

Based on the latest financial reports, Scottish American Investment Co (SAIN) has net assets worth GBX878.63 Million GBX as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX978.32 Million) and total liabilities (GBX99.70 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 GBX878.63 Million
% of Total Assets 89.81%
Annual Growth Rate 5.85%
5-Year Change -5.54%
10-Year Change 103.55%
Growth Volatility 17.27

Scottish American Investment Co - Net Assets Trend (2003–2025)

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

Annual Net Assets for Scottish American Investment Co (2003–2025)

The table below shows the annual net assets of Scottish American Investment Co from 2003 to 2025.

Year Net Assets Change
2025-12-31 GBX878.63 Million -7.77%
2024-12-31 GBX952.69 Million +1.87%
2023-12-31 GBX935.18 Million +10.45%
2022-12-31 GBX846.67 Million -8.98%
2021-12-31 GBX930.18 Million +27.22%
2020-12-31 GBX731.16 Million +21.76%
2019-12-31 GBX600.49 Million +24.21%
2018-12-31 GBX483.45 Million -2.91%
2017-12-31 GBX497.94 Million +15.36%
2016-12-31 GBX431.65 Million +23.87%
2015-12-31 GBX348.45 Million +1.35%
2014-12-31 GBX343.81 Million +0.42%
2013-12-31 GBX342.38 Million +8.58%
2012-12-31 GBX315.31 Million +7.18%
2011-12-31 GBX294.19 Million -11.07%
2010-12-31 GBX330.82 Million +19.36%
2009-12-31 GBX277.18 Million +38.05%
2008-12-31 GBX200.78 Million -45.94%
2007-12-31 GBX371.39 Million -0.59%
2006-12-31 GBX373.59 Million +10.99%
2005-12-31 GBX336.59 Million +23.78%
2004-12-31 GBX271.93 Million +8.22%
2003-12-31 GBX251.29 Million --

Equity Component Analysis

This analysis shows how different components contribute to Scottish American Investment Co'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 1674500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings GBX16.75 Million 1.91%
Common Stock GBX44.58 Million 5.07%
Other Comprehensive Income GBX631.20 Million 71.84%
Other Components GBX186.10 Million 21.18%
Total Equity GBX878.63 Million 100.00%

Scottish American Investment Co Competitors by Market Cap

The table below lists competitors of Scottish American Investment Co ranked by their market capitalization.

Company Market Cap
Energy Finders Inc
PINK:EGYF
 		$580.80
GUANGZHOU R&F P-H-
MU:G5HA
 		$582.06
Vallibel Power Erathna PLC
CM:VPELN0000
 		$582.23
DRJ International Group Limited Inc.
PINK:RGSTD
 		$582.40
Cambridge Nutritional Sciences plc
LSE:CNSL
 		$579.03
MetaStat Inc
PINK:MTST
 		$578.52
FieldPoint Petroleum Corporation
PINK:FPPP
 		$578.51
People’s Merchant Finance PLC
CM:PMBN0000
 		$577.78

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Scottish American Investment Co's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 952,693,000 to 878,626,000, a change of -74,067,000 (-7.8%).
  • Net income of 17,699,000 contributed positively to equity growth.
  • Dividend payments of 26,397,000 reduced retained earnings.
  • Share repurchases of 63,938,000 reduced equity.
  • Other comprehensive income decreased equity by 73,992,000.
  • Other factors increased equity by 72,561,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX17.70 Million +2.01%
Dividends Paid GBX26.40 Million -3.0%
Share Repurchases GBX63.94 Million -7.28%
Other Comprehensive Income GBX-73.99 Million -8.42%
Other Changes GBX72.56 Million +8.26%
Total Change GBX- -7.77%

Book Value vs Market Value Analysis

This analysis compares Scottish American Investment Co'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: 97.04x
  • 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 272.93x to 97.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-12-31 GBX1.86 GBX507.00 x
2004-12-31 GBX2.04 GBX507.00 x
2005-12-31 GBX2.54 GBX507.00 x
2006-12-31 GBX2.82 GBX507.00 x
2007-12-31 GBX2.80 GBX507.00 x
2008-12-31 GBX1.52 GBX507.00 x
2009-12-31 GBX2.09 GBX507.00 x
2010-12-31 GBX2.50 GBX507.00 x
2011-12-31 GBX2.22 GBX507.00 x
2012-12-31 GBX2.38 GBX507.00 x
2013-12-31 GBX2.58 GBX507.00 x
2014-12-31 GBX2.59 GBX507.00 x
2015-12-31 GBX2.62 GBX507.00 x
2016-12-31 GBX3.24 GBX507.00 x
2017-12-31 GBX3.71 GBX507.00 x
2018-12-31 GBX3.50 GBX507.00 x
2019-12-31 GBX4.17 GBX507.00 x
2020-12-31 GBX4.76 GBX507.00 x
2021-12-31 GBX5.45 GBX507.00 x
2022-12-31 GBX4.80 GBX507.00 x
2023-12-31 GBX5.26 GBX507.00 x
2024-12-31 GBX5.35 GBX507.00 x
2025-12-31 GBX5.22 GBX507.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Scottish American Investment Co 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): 2.01%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 58.68%
  • • Asset Turnover: 0.03x
  • • Equity Multiplier: 1.11x
  • Recent ROE (2.01%) is below the historical average (6.43%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 15.54% 85.07% 0.13x 1.38x GBX13.92 Million
2004 10.70% 76.90% 0.10x 1.35x GBX1.91 Million
2005 20.33% 97.51% 0.16x 1.27x GBX34.78 Million
2006 11.17% 95.68% 0.09x 1.24x GBX4.37 Million
2007 2.38% 80.05% 0.02x 1.26x GBX-28.31 Million
2008 -76.31% 0.00% -0.52x 1.46x GBX-173.29 Million
2009 30.76% 98.48% 0.24x 1.33x GBX57.54 Million
2010 19.56% 96.17% 0.16x 1.27x GBX31.63 Million
2011 -8.32% 0.00% -0.06x 1.31x GBX-53.91 Million
2012 11.02% 95.60% 0.09x 1.28x GBX3.21 Million
2013 11.54% 95.89% 0.10x 1.26x GBX5.28 Million
2014 3.78% 87.63% 0.03x 1.26x GBX-21.38 Million
2015 5.02% 90.82% 0.04x 1.25x GBX-17.35 Million
2016 22.46% 98.35% 0.19x 1.20x GBX53.77 Million
2017 14.45% 97.48% 0.13x 1.17x GBX22.15 Million
2018 -3.50% 0.00% -0.03x 1.18x GBX-65.26 Million
2019 17.91% 97.75% 0.16x 1.14x GBX47.50 Million
2020 11.65% 97.06% 0.11x 1.12x GBX12.03 Million
2021 16.88% 98.11% 0.16x 1.11x GBX63.97 Million
2022 -7.75% 0.00% -0.07x 1.11x GBX-150.25 Million
2023 11.23% 186.16% 0.05x 1.10x GBX11.52 Million
2024 5.44% 59.50% 0.08x 1.10x GBX-43.40 Million
2025 2.01% 58.68% 0.03x 1.11x GBX-70.16 Million

Industry Comparison

This section compares Scottish American Investment Co'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
Scottish American Investment Co (SAIN) GBX878.63 Million 15.54% 0.11x $579.86
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