Tern Plc
Tern Plc is a venture capital firm specializing in early-stage and growth capital investment. The firm typically invests in the software companies having IoT security, Artificial Intelligence (AI), Machine Learning (ML), Virtual/Augmented Reality (VR/AR) and Data Science, enablement and analytics solutions for the healthcare and industrial sectors. The firm primarily invest in companies based in … Read more
Tern Plc (TERN) - Net Assets
Latest net assets as of June 2025: GBX10.29 Million GBX
Based on the latest financial reports, Tern Plc (TERN) has net assets worth GBX10.29 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX10.94 Million) and total liabilities (GBX655.00K). 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 | GBX10.29 Million |
| % of Total Assets | 94.01% |
| Annual Growth Rate | 47.93% |
| 5-Year Change | -55.38% |
| 10-Year Change | 532.97% |
| Growth Volatility | 2023.11 |
Tern Plc - Net Assets Trend (2005–2024)
This chart illustrates how Tern 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 Tern Plc (2005–2024)
The table below shows the annual net assets of Tern Plc from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX10.71 Million | -12.94% |
| 2023-12-31 | GBX12.30 Million | -50.50% |
| 2022-12-31 | GBX24.85 Million | -23.33% |
| 2021-12-31 | GBX32.42 Million | +35.07% |
| 2020-12-31 | GBX24.00 Million | +26.90% |
| 2019-12-31 | GBX18.91 Million | +12.90% |
| 2018-12-31 | GBX16.75 Million | +58.32% |
| 2017-12-31 | GBX10.58 Million | -5.43% |
| 2016-12-31 | GBX11.19 Million | +561.26% |
| 2015-12-31 | GBX1.69 Million | +79.29% |
| 2014-12-31 | GBX943.63K | +3723.00% |
| 2013-12-31 | GBX24.68K | +102.71% |
| 2012-12-31 | GBX-909.92K | -127.28% |
| 2011-12-31 | GBX3.34 Million | +656.46% |
| 2010-12-31 | GBX441.00K | +8920.00% |
| 2010-05-31 | GBX-5.00K | +99.32% |
| 2009-05-31 | GBX-739.00K | -156.50% |
| 2008-05-31 | GBX1.31 Million | +1457.14% |
| 2007-05-31 | GBX84.00K | -79.36% |
| 2006-05-31 | GBX407.00K | +8040.00% |
| 2005-05-31 | GBX5.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tern 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 524866.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX105.00K | 0.98% |
| Other Comprehensive Income | GBX1.30 Million | 12.15% |
| Other Components | GBX35.54 Million | 331.87% |
| Total Equity | GBX10.71 Million | 100.00% |
Tern Plc Competitors by Market Cap
The table below lists competitors of Tern Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aisha Steel Mills Ltd
KAR:ASL
|
$336.23 |
|
Pak Agro Pack(Gem)
KAR:GEMPAPL
|
$336.31 |
|
TERRAX MINERALS (TX0.SG)
STU:TX0
|
$336.34 |
|
Bank Pembangunan Timur Tbk
JK:BJTM
|
$336.69 |
|
Interact Holdings Group Inc
PINK:IHGP
|
$335.63 |
|
Bruush Oral Care Inc.
NASDAQ:BRSHF
|
$335.48 |
|
Code Green Apparel Corp
PINK:CGAC
|
$334.55 |
|
AMBP3F
SA:AMBP3F
|
$334.33 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tern Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,301,276 to 10,709,135, a change of -1,592,141 (-12.9%).
- Net loss of 3,772,020 reduced equity.
- New share issuances of 2,099,524 increased equity.
- Other comprehensive income increased equity by 1.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-3.77 Million | -35.22% |
| Share Issuances | GBX2.10 Million | +19.6% |
| Other Comprehensive Income | GBX1.00 | +0.0% |
| Other Changes | GBX80.35K | +0.75% |
| Total Change | GBX- | -12.94% |
Book Value vs Market Value Analysis
This analysis compares Tern 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: 28.07x
- 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 increased from 0.05x to 28.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-05-31 | GBX14.88 | GBX0.68 | x |
| 2006-05-31 | GBX1211.31 | GBX0.68 | x |
| 2007-05-31 | GBX237.29 | GBX0.68 | x |
| 2008-05-31 | GBX976.85 | GBX0.68 | x |
| 2009-05-31 | GBX-351.24 | GBX0.68 | x |
| 2010-05-31 | GBX-2.08 | GBX0.68 | x |
| 2011-12-31 | GBX133.63 | GBX0.68 | x |
| 2012-12-31 | GBX-0.72 | GBX0.68 | x |
| 2013-12-31 | GBX0.00 | GBX0.68 | x |
| 2014-12-31 | GBX0.06 | GBX0.68 | x |
| 2015-12-31 | GBX0.03 | GBX0.68 | x |
| 2016-12-31 | GBX0.14 | GBX0.68 | x |
| 2017-12-31 | GBX0.08 | GBX0.68 | x |
| 2018-12-31 | GBX0.08 | GBX0.68 | x |
| 2019-12-31 | GBX0.08 | GBX0.68 | x |
| 2020-12-31 | GBX0.08 | GBX0.68 | x |
| 2021-12-31 | GBX0.09 | GBX0.68 | x |
| 2022-12-31 | GBX0.07 | GBX0.68 | x |
| 2023-12-31 | GBX0.03 | GBX0.68 | x |
| 2024-12-31 | GBX0.02 | GBX0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tern 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): -35.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21675.78%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-35.22%) is below the historical average (79.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 1400.00% | 51.47% | 3.78x | 7.20x | GBX69.50K |
| 2006 | -29.73% | -99.18% | 0.27x | 1.13x | GBX-161.70K |
| 2007 | -484.52% | -158.37% | 0.81x | 3.77x | GBX-415.40K |
| 2008 | -51.30% | -31.01% | 0.80x | 2.06x | GBX-801.80K |
| 2009 | 0.00% | -163.96% | 7.39x | 0.00x | GBX-2.39 Million |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | GBX716.50K |
| 2011 | -41.10% | 0.00% | 0.00x | 1.20x | GBX-1.70 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | GBX-4.94 Million |
| 2013 | 955.94% | 0.00% | 0.00x | 12.06x | GBX233.49K |
| 2014 | -5.69% | -130.96% | 0.03x | 1.45x | GBX-148.06K |
| 2015 | -10.94% | -113.92% | 0.09x | 1.08x | GBX-354.31K |
| 2016 | 47.34% | 7597.55% | 0.01x | 1.02x | GBX4.18 Million |
| 2017 | -15.97% | -1725.09% | 0.01x | 1.05x | GBX-2.75 Million |
| 2018 | -1.87% | -294.55% | 0.01x | 1.02x | GBX-1.99 Million |
| 2019 | -4.13% | -186.52% | 0.02x | 1.01x | GBX-2.67 Million |
| 2020 | 3.35% | 37.49% | 0.09x | 1.01x | GBX-1.60 Million |
| 2021 | 14.12% | 75.00% | 0.19x | 1.01x | GBX1.34 Million |
| 2022 | -42.04% | 0.00% | -0.33x | 1.01x | GBX-12.93 Million |
| 2023 | -102.49% | -6328.33% | 0.02x | 1.07x | GBX-13.84 Million |
| 2024 | -35.22% | -21675.78% | 0.00x | 1.06x | GBX-4.84 Million |
Industry Comparison
This section compares Tern 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 |
|---|---|---|---|---|
| Tern Plc (TERN) | GBX10.29 Million | 1400.00% | 0.06x | $335.79 |
| 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 |