Strategic Equity Capital Closed Fund
Strategic Equity Capital plc is a closed-ended equity mutual fund launched and managed by GVO Investment Management Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than GBP 150 million. The fund emplo… Read more
Strategic Equity Capital Closed Fund (SEC) - Net Assets
Latest net assets as of December 2024: GBX166.73 Million GBX
Based on the latest financial reports, Strategic Equity Capital Closed Fund (SEC) has net assets worth GBX166.73 Million GBX as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX167.07 Million) and total liabilities (GBX339.00K). 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 | GBX166.73 Million |
| % of Total Assets | 99.8% |
| Annual Growth Rate | 5.25% |
| 5-Year Change | 25.19% |
| 10-Year Change | 39.43% |
| Growth Volatility | 24.92 |
Strategic Equity Capital Closed Fund - Net Assets Trend (2006–2024)
This chart illustrates how Strategic Equity Capital Closed Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Strategic Equity Capital Closed Fund (2006–2024)
The table below shows the annual net assets of Strategic Equity Capital Closed Fund from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | GBX189.97 Million | +11.60% |
| 2023-06-30 | GBX170.22 Million | -2.75% |
| 2022-06-30 | GBX175.03 Million | -21.00% |
| 2021-06-30 | GBX221.57 Million | +46.01% |
| 2020-06-30 | GBX151.75 Million | -10.23% |
| 2019-06-30 | GBX169.04 Million | -3.01% |
| 2018-06-30 | GBX174.28 Million | -1.17% |
| 2017-06-30 | GBX176.34 Million | +27.45% |
| 2016-06-30 | GBX138.36 Million | +1.56% |
| 2015-06-30 | GBX136.24 Million | +31.73% |
| 2014-06-30 | GBX103.43 Million | +31.93% |
| 2013-06-30 | GBX78.40 Million | +14.21% |
| 2012-06-30 | GBX68.64 Million | -5.29% |
| 2011-06-30 | GBX72.47 Million | +41.48% |
| 2010-06-30 | GBX51.22 Million | +47.83% |
| 2009-06-30 | GBX34.65 Million | -36.83% |
| 2008-06-30 | GBX54.85 Million | -33.72% |
| 2007-06-30 | GBX82.75 Million | +9.43% |
| 2006-06-30 | GBX75.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Strategic Equity Capital Closed Fund'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 14041.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX169.41 Million | 89.18% |
| Common Stock | GBX6.35 Million | 3.34% |
| Other Comprehensive Income | GBX2.90 Million | 1.53% |
| Other Components | GBX11.30 Million | 5.95% |
| Total Equity | GBX189.97 Million | 100.00% |
Strategic Equity Capital Closed Fund Competitors by Market Cap
The table below lists competitors of Strategic Equity Capital Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KENYA AIRWAYS LTD
USE:KA
|
$418.50 |
|
West River Berhad
KLSE:0353
|
$419.82 |
|
PMCK Berhad
KLSE:0363
|
$421.93 |
|
AMBER ENERGY
MU:9AE
|
$422.32 |
|
Solar Integrated Roofing Corp
PINK:SIRC
|
$417.26 |
|
Easycall Communications Philippines Inc
PSE:ECP
|
$417.26 |
|
Decimus Oil Corp.
V:WCSB
|
$417.00 |
|
CAPITAL METALS LS-002
F:N9R
|
$416.79 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Strategic Equity Capital Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 170,223,000 to 189,965,000, a change of 19,742,000 (11.6%).
- Net income of 26,827,000 contributed positively to equity growth.
- Dividend payments of 1,231,000 reduced retained earnings.
- Share repurchases of 5,854,000 reduced equity.
- Other comprehensive income decreased equity by 3,590,001.
- Other factors increased equity by 3,590,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX26.83 Million | +14.12% |
| Dividends Paid | GBX1.23 Million | -0.65% |
| Share Repurchases | GBX5.85 Million | -3.08% |
| Other Comprehensive Income | GBX-3.59 Million | -1.89% |
| Other Changes | GBX3.59 Million | +1.89% |
| Total Change | GBX- | 11.60% |
Book Value vs Market Value Analysis
This analysis compares Strategic Equity Capital Closed Fund'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: 93.08x
- 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 345.05x to 93.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | GBX1.05 | GBX362.50 | x |
| 2007-06-30 | GBX1.14 | GBX362.50 | x |
| 2008-06-30 | GBX0.76 | GBX362.50 | x |
| 2009-06-30 | GBX0.50 | GBX362.50 | x |
| 2010-06-30 | GBX0.68 | GBX362.50 | x |
| 2011-06-30 | GBX0.95 | GBX362.50 | x |
| 2012-06-30 | GBX0.98 | GBX362.50 | x |
| 2013-06-30 | GBX1.20 | GBX362.50 | x |
| 2014-06-30 | GBX1.71 | GBX362.50 | x |
| 2015-06-30 | GBX2.35 | GBX362.50 | x |
| 2016-06-30 | GBX2.01 | GBX362.50 | x |
| 2017-06-30 | GBX2.53 | GBX362.50 | x |
| 2018-06-30 | GBX2.57 | GBX362.50 | x |
| 2019-06-30 | GBX2.59 | GBX362.50 | x |
| 2020-06-30 | GBX2.39 | GBX362.50 | x |
| 2021-06-30 | GBX3.50 | GBX362.50 | x |
| 2022-06-30 | GBX2.86 | GBX362.50 | x |
| 2023-06-30 | GBX3.28 | GBX362.50 | x |
| 2024-06-30 | GBX3.89 | GBX362.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Strategic Equity Capital Closed Fund 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): 14.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 88.65%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.01x
- Recent ROE (14.12%) is above the historical average (4.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.35% | 77.90% | 0.07x | 1.01x | GBX-3.51 Million |
| 2007 | 9.72% | 67.85% | 0.14x | 1.02x | GBX-230.20K |
| 2008 | -48.96% | 0.00% | -0.47x | 1.03x | GBX-32.34 Million |
| 2009 | -55.88% | 0.00% | -0.53x | 1.00x | GBX-22.83 Million |
| 2010 | 25.20% | 93.53% | 0.27x | 1.00x | GBX7.78 Million |
| 2011 | 37.87% | 96.51% | 0.38x | 1.02x | GBX20.19 Million |
| 2012 | -1.20% | 0.00% | -0.01x | 1.01x | GBX-7.68 Million |
| 2013 | 20.93% | 97.23% | 0.21x | 1.02x | GBX8.57 Million |
| 2014 | 28.43% | 98.20% | 0.29x | 1.01x | GBX19.06 Million |
| 2015 | 18.61% | 97.67% | 0.19x | 1.02x | GBX11.73 Million |
| 2016 | -9.74% | 0.00% | -0.09x | 1.00x | GBX-27.32 Million |
| 2017 | 23.05% | 98.41% | 0.23x | 1.02x | GBX23.01 Million |
| 2018 | 1.58% | 81.61% | 0.02x | 1.01x | GBX-14.67 Million |
| 2019 | 1.39% | 80.27% | 0.02x | 1.02x | GBX-14.56 Million |
| 2020 | -10.09% | 0.00% | -0.09x | 1.00x | GBX-30.49 Million |
| 2021 | 31.87% | 99.10% | 0.32x | 1.01x | GBX48.46 Million |
| 2022 | -11.59% | 0.00% | -0.11x | 1.01x | GBX-37.79 Million |
| 2023 | 7.30% | 164.56% | 0.04x | 1.00x | GBX-4.59 Million |
| 2024 | 14.12% | 88.65% | 0.16x | 1.01x | GBX7.83 Million |
Industry Comparison
This section compares Strategic Equity Capital Closed Fund'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 |
|---|---|---|---|---|
| Strategic Equity Capital Closed Fund (SEC) | GBX166.73 Million | 5.35% | 0.00x | $417.81 |
| 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 |