The Scottish Oriental Smaller Companies Trust plc (SST) - Net Assets

Latest as of August 2025: GBX381.87 Million GBX ≈ $46.46K USD

Based on the latest financial reports, The Scottish Oriental Smaller Companies Trust plc (SST) has net assets worth GBX381.87 Million GBX (≈ $46.46K USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX417.21 Million ≈ $50.76K USD) and total liabilities (GBX35.34 Million ≈ $4.30K USD). 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. Check The Scottish Oriental Smaller Companies tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX381.87 Million
% of Total Assets	91.53%
Annual Growth Rate	10.6%
5-Year Change	10.53%
10-Year Change	17.56%
Growth Volatility	16.84

The Scottish Oriental Smaller Companies Trust plc - Net Assets Trend (2004–2025)

This chart illustrates how The Scottish Oriental Smaller Companies Trust plc's net assets have evolved over time, based on quarterly financial data. See The Scottish Oriental Smaller Companies (SST) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for The Scottish Oriental Smaller Companies Trust plc (2004–2025)

The table below shows the annual net assets of The Scottish Oriental Smaller Companies Trust plc from 2004 to 2025. For live valuation and market cap data, see SST stock market capitalisation.

Year	Net Assets	Change
2025-08-31	GBX381.87 Million ≈ $46.46K	-5.26%
2024-08-31	GBX403.07 Million ≈ $49.04K	+13.68%
2023-08-31	GBX354.58 Million ≈ $43.14K	+3.31%
2022-08-31	GBX343.20 Million ≈ $41.76K	-0.66%
2021-08-31	GBX345.49 Million ≈ $42.04K	+19.36%
2020-08-31	GBX289.45 Million ≈ $35.22K	-16.36%
2019-08-31	GBX346.06 Million ≈ $42.11K	+0.19%
2018-08-31	GBX345.40 Million ≈ $42.03K	-6.46%
2017-08-31	GBX369.26 Million ≈ $44.93K	+13.68%
2016-08-31	GBX324.82 Million ≈ $39.52K	+26.30%
2015-08-31	GBX257.18 Million ≈ $31.29K	-9.39%
2014-08-31	GBX283.82 Million ≈ $34.53K	+11.90%
2013-08-31	GBX253.63 Million ≈ $30.86K	+25.81%
2012-08-31	GBX201.60 Million ≈ $24.53K	+7.87%
2011-08-31	GBX186.89 Million ≈ $22.74K	+11.40%
2010-08-31	GBX167.76 Million ≈ $20.41K	+47.34%
2009-08-31	GBX113.86 Million ≈ $13.85K	+20.49%
2008-08-31	GBX94.50 Million ≈ $11.50K	-9.25%
2007-08-31	GBX104.14 Million ≈ $12.67K	+42.15%
2006-08-31	GBX73.26 Million ≈ $8.91K	+18.99%
2005-08-31	GBX61.57 Million ≈ $7.49K	+33.86%
2004-08-31	GBX46.00 Million ≈ $5.60K	--

Equity Component Analysis

This analysis shows how different components contribute to The Scottish Oriental Smaller Companies Trust plc'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 1135600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (August 2025)

Component	Amount	Percentage
Retained Earnings	GBX11.36 Million	2.97%
Common Stock	GBX7.85 Million	2.06%
Other Comprehensive Income	GBX328.40 Million	86.00%
Other Components	GBX34.26 Million	8.97%
Total Equity	GBX381.87 Million	100.00%

The Scottish Oriental Smaller Companies Trust plc Competitors by Market Cap

The table below lists competitors of The Scottish Oriental Smaller Companies Trust plc ranked by their market capitalization.

Company	Market Cap
Akshar Spintex Limited NSE:AKSHAR	$3.83 Million
St-Georges Eco-Mining Corp F:85G1	$3.84 Million
Red Sky Energy Ltd AU:ROG	$3.84 Million
Leveljump Healthcare Corp V:JUMP	$3.84 Million
BlackRock Frontiers Investment Trust plc LSE:BRFI	$3.83 Million
Galmed Pharmaceuticals Ltd NASDAQ:GLMD	$3.83 Million
Biotron Ltd AU:BIT	$3.82 Million
Knosys Ltd AU:KNO	$3.82 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in The Scottish Oriental Smaller Companies Trust plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 403,068,000 to 381,867,000, a change of -21,201,000 (-5.3%).
Net loss of 7,962,000 reduced equity.
Dividend payments of 5,140,000 reduced retained earnings.
Share repurchases of 8,326,000 reduced equity.
Other comprehensive income decreased equity by 21,304,000.
Other factors increased equity by 21,531,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX-7.96 Million	-2.09%
Dividends Paid	GBX5.14 Million	-1.35%
Share Repurchases	GBX8.33 Million	-2.18%
Other Comprehensive Income	GBX-21.30 Million	-5.58%
Other Changes	GBX21.53 Million	+5.64%
Total Change	GBX-	-5.26%

Book Value vs Market Value Analysis

This analysis compares The Scottish Oriental Smaller Companies Trust plc'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: 84.94x
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 158.14x to 84.94x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-08-31	GBX1.76	GBX279.00	x
2005-08-31	GBX2.23	GBX279.00	x
2006-08-31	GBX2.83	GBX279.00	x
2007-08-31	GBX3.65	GBX279.00	x
2008-08-31	GBX3.13	GBX279.00	x
2009-08-31	GBX3.77	GBX279.00	x
2010-08-31	GBX5.55	GBX279.00	x
2011-08-31	GBX6.19	GBX279.00	x
2012-08-31	GBX6.67	GBX279.00	x
2013-08-31	GBX8.18	GBX279.00	x
2014-08-31	GBX1.79	GBX279.00	x
2015-08-31	GBX1.63	GBX279.00	x
2016-08-31	GBX2.08	GBX279.00	x
2017-08-31	GBX2.38	GBX279.00	x
2018-08-31	GBX2.25	GBX279.00	x
2019-08-31	GBX2.32	GBX279.00	x
2020-08-31	GBX1.94	GBX279.00	x
2021-08-31	GBX2.45	GBX279.00	x
2022-08-31	GBX2.63	GBX279.00	x
2023-08-31	GBX2.88	GBX279.00	x
2024-08-31	GBX3.37	GBX279.00	x
2025-08-31	GBX3.28	GBX279.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently The Scottish Oriental Smaller Companies Trust plc 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): -2.09%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -16.42%
• Asset Turnover: 0.12x
• Equity Multiplier: 1.09x
Recent ROE (-2.09%) is below the historical average (10.19%), 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	4.00%	62.92%	0.06x	1.08x	GBX-2.76 Million
2005	25.70%	92.56%	0.26x	1.06x	GBX9.67 Million
2006	15.84%	90.76%	0.17x	1.01x	GBX4.28 Million
2007	26.74%	94.67%	0.28x	1.01x	GBX17.43 Million
2008	-8.73%	0.00%	-0.07x	1.01x	GBX-17.70 Million
2009	18.33%	93.44%	0.19x	1.01x	GBX9.49 Million
2010	33.21%	95.20%	0.34x	1.01x	GBX38.94 Million
2011	11.61%	82.06%	0.13x	1.12x	GBX3.00 Million
2012	8.65%	94.19%	0.08x	1.12x	GBX-2.73 Million
2013	17.11%	97.79%	0.16x	1.09x	GBX18.03 Million
2014	11.92%	97.47%	0.11x	1.08x	GBX5.44 Million
2015	-8.53%	0.00%	-0.08x	1.08x	GBX-47.66 Million
2016	22.99%	98.63%	0.21x	1.09x	GBX42.18 Million
2017	13.14%	95.29%	0.14x	1.01x	GBX11.61 Million
2018	-2.71%	0.00%	-0.02x	1.00x	GBX-43.89 Million
2019	1.18%	71.82%	0.02x	1.05x	GBX-30.51 Million
2020	-16.37%	0.00%	-0.16x	1.00x	GBX-76.34 Million
2021	22.55%	90.13%	0.23x	1.11x	GBX43.35 Million
2022	8.44%	49.78%	0.15x	1.10x	GBX-5.34 Million
2023	5.75%	82.76%	0.06x	1.10x	GBX-15.06 Million
2024	15.42%	166.94%	0.08x	1.12x	GBX21.85 Million
2025	-2.09%	-16.42%	0.12x	1.09x	GBX-46.15 Million

Industry Comparison

This section compares The Scottish Oriental Smaller Companies Trust plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $657,704,100
Average return on equity (ROE) among peers: 5.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
The Scottish Oriental Smaller Companies Trust plc (SST)	GBX381.87 Million	4.00%	0.09x	$3.83 Million
3I Infrastructure PLC (3IN)	$1.25 Billion	6.43%	0.14x	$41.69 Million
Albion Enterprise VCT PLC (AAEV)	$140.65 Million	2.37%	0.01x	$3.29 Million
abrdn Asian Income Fund Limited (AAIF)	$154.40 Million	26.46%	0.07x	$5.95 Million
Abrdn Asia Focus PLC (AAS)	$121.96 Million	12.34%	0.07x	$7.74 Million
Albion Technology & General VCT PLC (AATG)	$121.25 Million	-5.20%	0.01x	$3.15 Million
Abrdn PLC (ABDN)	$3.74 Billion	2.67%	35.62x	$50.56 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG)	$428.13 Million	2.15%	0.15x	$450.86K
Aquila Energy Efficiency Trust PLC (AEET)	$97.38 Million	-0.64%	0.00x	$247.72K
Aquila European Renewables Income PLC (AERI)	$372.54 Million	-8.03%	0.00x	$56.72 Million
Artemis UK Future Leaders plc (AFL)	$152.03 Million	18.55%	0.02x	$404.11

About The Scottish Oriental Smaller Companies Trust plc

LSE:SST UK Asset Management

Market Cap

$3.83 Million

GBX31.49 Billion GBX

Market Cap Rank

#29061 Global

#536 in UK

Share Price

GBX279.00

Change (1 day)

+0.36%

52-Week Range

GBX246.00 - GBX304.50

All Time High

GBX1530.00