Securities Trust of Scotland plc
STS Global Income & Growth Trust plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in stocks of large-cap companies with ma… Read more
Securities Trust of Scotland plc (STS) - Net Assets
Latest net assets as of September 2025: GBX283.55 Million GBX
Based on the latest financial reports, Securities Trust of Scotland plc (STS) has net assets worth GBX283.55 Million GBX as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX299.14 Million) and total liabilities (GBX15.59 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 | GBX283.55 Million |
| % of Total Assets | 94.79% |
| Annual Growth Rate | 28.9% |
| 5-Year Change | 41.83% |
| 10-Year Change | 79.07% |
| Growth Volatility | 547.52 |
Securities Trust of Scotland plc - Net Assets Trend (2006–2025)
This chart illustrates how Securities Trust of Scotland plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Securities Trust of Scotland plc (2006–2025)
The table below shows the annual net assets of Securities Trust of Scotland plc from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX294.55 Million | -6.30% |
| 2024-03-31 | GBX314.35 Million | +43.39% |
| 2023-03-31 | GBX219.24 Million | -4.54% |
| 2022-03-31 | GBX229.66 Million | +10.58% |
| 2021-03-31 | GBX207.68 Million | +21.83% |
| 2020-03-31 | GBX170.47 Million | -10.96% |
| 2019-03-31 | GBX191.45 Million | +1.95% |
| 2018-03-31 | GBX187.78 Million | -5.86% |
| 2017-03-31 | GBX199.46 Million | +21.26% |
| 2016-03-31 | GBX164.49 Million | -11.10% |
| 2015-03-31 | GBX185.03 Million | +6.85% |
| 2014-03-31 | GBX173.17 Million | +10.69% |
| 2013-03-31 | GBX156.44 Million | +30.30% |
| 2012-03-31 | GBX120.06 Million | +2.05% |
| 2011-03-31 | GBX117.65 Million | +6.75% |
| 2010-03-31 | GBX110.22 Million | +43.34% |
| 2009-03-31 | GBX76.89 Million | +2461.33% |
| 2008-03-31 | GBX3.00 Million | -16.03% |
| 2007-03-31 | GBX3.58 Million | +51.04% |
| 2006-03-31 | GBX2.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Securities Trust of Scotland 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX1.21 Million | 0.41% |
| Other Components | GBX293.33 Million | 99.59% |
| Total Equity | GBX294.55 Million | 100.00% |
Securities Trust of Scotland plc Competitors by Market Cap
The table below lists competitors of Securities Trust of Scotland plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PINE TECH HLDGS - Dusseldorf Stock Exchang
DU:PNY
|
$278.09 |
|
The Mercantile Investment Trust plc
LSE:MRC
|
$278.10 |
|
Sancus Lending Group Ltd
LSE:LEND
|
$278.52 |
|
BANGKOK LAND -F-
MU:OLJ
|
$279.07 |
|
DANNEX AYRTON STARWIN PLC
GSE:DASPHARMA
|
$277.08 |
|
Bunnys Limited
KAR:BNL
|
$277.00 |
|
Botswana Diamonds plc
LSE:BOD
|
$276.95 |
|
Minerva Surgical Inc
PINK:UTRS
|
$276.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Securities Trust of Scotland plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 314,353,000 to 294,545,000, a change of -19,808,000 (-6.3%).
- Net income of 30,100,000 contributed positively to equity growth.
- Dividend payments of 7,770,000 reduced retained earnings.
- Share repurchases of 43,961,000 reduced equity.
- New share issuances of 222,000 increased equity.
- Other comprehensive income decreased equity by 161,654,000.
- Other factors increased equity by 163,255,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX30.10 Million | +10.22% |
| Dividends Paid | GBX7.77 Million | -2.64% |
| Share Repurchases | GBX43.96 Million | -14.93% |
| Share Issuances | GBX222.00K | +0.08% |
| Other Comprehensive Income | GBX-161.65 Million | -54.88% |
| Other Changes | GBX163.25 Million | +55.43% |
| Total Change | GBX- | -6.30% |
Book Value vs Market Value Analysis
This analysis compares Securities Trust of Scotland 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: 100.83x
- 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 9953.40x to 100.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | GBX0.02 | GBX231.00 | x |
| 2007-03-31 | GBX0.04 | GBX231.00 | x |
| 2008-03-31 | GBX0.03 | GBX231.00 | x |
| 2009-03-31 | GBX0.75 | GBX231.00 | x |
| 2010-03-31 | GBX1.08 | GBX231.00 | x |
| 2011-03-31 | GBX1.17 | GBX231.00 | x |
| 2012-03-31 | GBX1.20 | GBX231.00 | x |
| 2013-03-31 | GBX1.50 | GBX231.00 | x |
| 2014-03-31 | GBX1.49 | GBX231.00 | x |
| 2015-03-31 | GBX1.51 | GBX231.00 | x |
| 2016-03-31 | GBX1.40 | GBX231.00 | x |
| 2017-03-31 | GBX1.78 | GBX231.00 | x |
| 2018-03-31 | GBX1.68 | GBX231.00 | x |
| 2019-03-31 | GBX1.80 | GBX231.00 | x |
| 2020-03-31 | GBX1.63 | GBX231.00 | x |
| 2021-03-31 | GBX1.99 | GBX231.00 | x |
| 2022-03-31 | GBX2.28 | GBX231.00 | x |
| 2023-03-31 | GBX2.19 | GBX231.00 | x |
| 2024-03-31 | GBX3.33 | GBX231.00 | x |
| 2025-03-31 | GBX2.29 | GBX231.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Securities Trust of Scotland 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): 10.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 92.69%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.06x
- Recent ROE (10.22%) is below the historical average (56.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1268.61% | 95.73% | 0.20x | 66.47x | GBX29.79 Million |
| 2007 | 472.67% | 90.02% | 0.11x | 47.44x | GBX16.54 Million |
| 2008 | -711.76% | 0.00% | -0.14x | 46.72x | GBX-21.67 Million |
| 2009 | -56.93% | 0.00% | -0.49x | 1.14x | GBX-51.46 Million |
| 2010 | 36.35% | 97.70% | 0.32x | 1.15x | GBX29.04 Million |
| 2011 | 10.78% | 89.73% | 0.11x | 1.13x | GBX914.60K |
| 2012 | 5.89% | 80.80% | 0.07x | 1.09x | GBX-4.94 Million |
| 2013 | 18.12% | 96.32% | 0.17x | 1.08x | GBX12.71 Million |
| 2014 | 2.91% | 79.79% | 0.03x | 1.06x | GBX-12.29 Million |
| 2015 | 10.58% | 93.73% | 0.10x | 1.11x | GBX1.08 Million |
| 2016 | -1.88% | 0.00% | -0.01x | 1.11x | GBX-19.55 Million |
| 2017 | 21.35% | 97.17% | 0.19x | 1.13x | GBX22.64 Million |
| 2018 | -1.12% | 0.00% | 0.00x | 1.14x | GBX-20.89 Million |
| 2019 | 10.54% | 94.01% | 0.10x | 1.14x | GBX1.04 Million |
| 2020 | -8.83% | 0.00% | -0.07x | 1.16x | GBX-32.10 Million |
| 2021 | 23.15% | 96.77% | 0.22x | 1.08x | GBX27.31 Million |
| 2022 | 14.78% | 96.73% | 0.14x | 1.07x | GBX10.97 Million |
| 2023 | -1.99% | 0.00% | -0.01x | 1.08x | GBX-26.29 Million |
| 2024 | 3.30% | 77.38% | 0.03x | 1.24x | GBX-21.06 Million |
| 2025 | 10.22% | 92.69% | 0.10x | 1.06x | GBX645.50K |
Industry Comparison
This section compares Securities Trust of Scotland plc'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 |
|---|---|---|---|---|
| Securities Trust of Scotland plc (STS) | GBX283.55 Million | 1268.61% | 0.05x | $277.74 |
| 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 |