Tern Plc (TERN) - Net Assets
Based on the latest financial reports, Tern Plc (TERN) has net assets worth GBX10.29 Million GBX (≈ $1.25K USD) 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 ≈ $1.33K USD) and total liabilities (GBX655.00K ≈ $79.69 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 tangible net worth ratio of Tern Plc to evaluate the tangible quality of the company's equity base.
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. See TERN days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tern Plc (2005–2024)
The table below shows the annual net assets of Tern Plc from 2005 to 2024. For live valuation and market cap data, see TERN company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX10.71 Million ≈ $1.30K |
-12.94% |
| 2023-12-31 | GBX12.30 Million ≈ $1.50K |
-50.50% |
| 2022-12-31 | GBX24.85 Million ≈ $3.02K |
-23.33% |
| 2021-12-31 | GBX32.42 Million ≈ $3.94K |
+35.07% |
| 2020-12-31 | GBX24.00 Million ≈ $2.92K |
+26.90% |
| 2019-12-31 | GBX18.91 Million ≈ $2.30K |
+12.90% |
| 2018-12-31 | GBX16.75 Million ≈ $2.04K |
+58.32% |
| 2017-12-31 | GBX10.58 Million ≈ $1.29K |
-5.43% |
| 2016-12-31 | GBX11.19 Million ≈ $1.36K |
+561.26% |
| 2015-12-31 | GBX1.69 Million ≈ $205.85 |
+79.29% |
| 2014-12-31 | GBX943.63K ≈ $114.81 |
+3723.00% |
| 2013-12-31 | GBX24.68K ≈ $3.00 |
+102.71% |
| 2012-12-31 | GBX-909.92K ≈ $-110.71 |
-127.28% |
| 2011-12-31 | GBX3.34 Million ≈ $405.89 |
+656.46% |
| 2010-12-31 | GBX441.00K ≈ $53.66 |
+8920.00% |
| 2010-05-31 | GBX-5.00K ≈ $-0.61 |
+99.32% |
| 2009-05-31 | GBX-739.00K ≈ $-89.91 |
-156.50% |
| 2008-05-31 | GBX1.31 Million ≈ $159.15 |
+1457.14% |
| 2007-05-31 | GBX84.00K ≈ $10.22 |
-79.36% |
| 2006-05-31 | GBX407.00K ≈ $49.52 |
+8040.00% |
| 2005-05-31 | GBX5.00K ≈ $0.61 |
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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 |
|---|---|
|
ADVANCED INF SERV(ADVANC)
STU:NVAA
|
$95.40K |
|
Green Leaf Innovations Inc.
NASDAQ:GRLFD
|
$95.41K |
|
DOLPHIN DRILL. A.S. NK 10
F:L33
|
$95.54K |
|
Autins Group plc
LSE:AUTG
|
$96.33K |
|
Tanfield Group PLC
LSE:TAN
|
$94.35K |
|
ANGLE plc
LSE:AGL
|
$94.18K |
|
Fiske PLC
LSE:FKE
|
$93.56K |
|
Sotherly Hotels Inc Series B Pref
NASDAQ:SOHOB
|
$93.54K |
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: 46.78x
- 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 0.08x to 46.78x 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 | GBX1.13 | x |
| 2006-05-31 | GBX1211.31 | GBX1.13 | x |
| 2007-05-31 | GBX237.29 | GBX1.13 | x |
| 2008-05-31 | GBX976.85 | GBX1.13 | x |
| 2009-05-31 | GBX-351.24 | GBX1.13 | x |
| 2010-05-31 | GBX-2.08 | GBX1.13 | x |
| 2011-12-31 | GBX133.63 | GBX1.13 | x |
| 2012-12-31 | GBX-0.72 | GBX1.13 | x |
| 2013-12-31 | GBX0.00 | GBX1.13 | x |
| 2014-12-31 | GBX0.06 | GBX1.13 | x |
| 2015-12-31 | GBX0.03 | GBX1.13 | x |
| 2016-12-31 | GBX0.14 | GBX1.13 | x |
| 2017-12-31 | GBX0.08 | GBX1.13 | x |
| 2018-12-31 | GBX0.08 | GBX1.13 | x |
| 2019-12-31 | GBX0.08 | GBX1.13 | x |
| 2020-12-31 | GBX0.08 | GBX1.13 | x |
| 2021-12-31 | GBX0.09 | GBX1.13 | x |
| 2022-12-31 | GBX0.07 | GBX1.13 | x |
| 2023-12-31 | GBX0.03 | GBX1.13 | x |
| 2024-12-31 | GBX0.02 | GBX1.13 | 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: $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 |
|---|---|---|---|---|
| Tern Plc (TERN) | GBX10.29 Million | 1400.00% | 0.06x | $94.44K |
| 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 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