FW Thorpe PLC (TFW) - Net Assets
Based on the latest financial reports, FW Thorpe PLC (TFW) has net assets worth GBX186.05 Million GBX (≈ $22.64K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX238.53 Million ≈ $29.02K USD) and total liabilities (GBX52.49 Million ≈ $6.39K 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 TFW tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX186.05 Million |
| % of Total Assets | 78.0% |
| Annual Growth Rate | 9.88% |
| 5-Year Change | 38.54% |
| 10-Year Change | 109.24% |
| Growth Volatility | 5.16 |
FW Thorpe PLC - Net Assets Trend (1986–2025)
This chart illustrates how FW Thorpe PLC's net assets have evolved over time, based on quarterly financial data. See TFW cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for FW Thorpe PLC (1986–2025)
The table below shows the annual net assets of FW Thorpe PLC from 1986 to 2025. For live valuation and market cap data, see FW Thorpe PLC (TFW) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX189.79 Million ≈ $23.09K |
+7.37% |
| 2024-06-30 | GBX176.76 Million ≈ $21.51K |
+10.24% |
| 2023-06-30 | GBX160.34 Million ≈ $19.51K |
+10.31% |
| 2022-06-30 | GBX145.35 Million ≈ $17.69K |
+6.10% |
| 2021-06-30 | GBX136.99 Million ≈ $16.67K |
+6.77% |
| 2020-06-30 | GBX128.30 Million ≈ $15.61K |
+5.03% |
| 2019-06-30 | GBX122.16 Million ≈ $14.86K |
+8.83% |
| 2018-06-30 | GBX112.25 Million ≈ $13.66K |
+10.82% |
| 2017-06-30 | GBX101.29 Million ≈ $12.32K |
+11.67% |
| 2016-06-30 | GBX90.71 Million ≈ $11.04K |
+9.46% |
| 2015-06-30 | GBX82.86 Million ≈ $10.08K |
+7.22% |
| 2014-06-30 | GBX77.29 Million ≈ $9.40K |
+6.54% |
| 2013-06-30 | GBX72.54 Million ≈ $8.83K |
+8.57% |
| 2012-06-30 | GBX66.81 Million ≈ $8.13K |
+14.24% |
| 2011-06-30 | GBX58.48 Million ≈ $7.12K |
+15.50% |
| 2010-06-30 | GBX50.64 Million ≈ $6.16K |
+10.67% |
| 2009-06-30 | GBX45.76 Million ≈ $5.57K |
+9.82% |
| 2008-06-30 | GBX41.66 Million ≈ $5.07K |
+16.40% |
| 2007-06-30 | GBX35.80 Million ≈ $4.36K |
+18.92% |
| 2006-06-30 | GBX30.10 Million ≈ $3.66K |
+19.84% |
| 2005-06-30 | GBX25.12 Million ≈ $3.06K |
+1.50% |
| 2004-06-30 | GBX24.75 Million ≈ $3.01K |
+13.47% |
| 2003-06-30 | GBX21.81 Million ≈ $2.65K |
+9.57% |
| 2002-06-30 | GBX19.90 Million ≈ $2.42K |
+0.14% |
| 2001-06-30 | GBX19.88 Million ≈ $2.42K |
+6.79% |
| 2000-06-30 | GBX18.61 Million ≈ $2.26K |
+0.67% |
| 1999-06-30 | GBX18.49 Million ≈ $2.25K |
+2.52% |
| 1998-06-30 | GBX18.04 Million ≈ $2.19K |
+13.34% |
| 1997-06-30 | GBX15.91 Million ≈ $1.94K |
+10.58% |
| 1996-06-30 | GBX14.39 Million ≈ $1.75K |
+6.08% |
| 1995-06-30 | GBX13.56 Million ≈ $1.65K |
+14.18% |
| 1994-06-30 | GBX11.88 Million ≈ $1.45K |
+13.72% |
| 1993-06-30 | GBX10.45 Million ≈ $1.27K |
+5.04% |
| 1992-06-30 | GBX9.95 Million ≈ $1.21K |
+9.96% |
| 1991-06-30 | GBX9.04 Million ≈ $1.10K |
+9.41% |
| 1990-06-30 | GBX8.27 Million ≈ $1.01K |
+4.22% |
| 1989-06-30 | GBX7.93 Million ≈ $965.10 |
+23.03% |
| 1988-06-30 | GBX6.45 Million ≈ $784.41 |
+15.66% |
| 1987-06-30 | GBX5.57 Million ≈ $678.19 |
+15.76% |
| 1986-06-30 | GBX4.82 Million ≈ $585.85 |
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Equity Component Analysis
This analysis shows how different components contribute to FW Thorpe 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 3965.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX182.94 Million | 96.39% |
| Common Stock | GBX1.19 Million | 0.63% |
| Other Comprehensive Income | GBX2.55 Million | 1.34% |
| Other Components | GBX3.11 Million | 1.64% |
| Total Equity | GBX189.79 Million | 100.00% |
FW Thorpe PLC Competitors by Market Cap
The table below lists competitors of FW Thorpe PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Realites
PA:ALREA
|
$3.55 Million |
|
XORTX Therapeutics Inc
V:XRTX
|
$3.55 Million |
|
WesCan Energy Corp
V:WCE
|
$3.55 Million |
|
Olympio Metals Ltd
AU:OLY
|
$3.55 Million |
|
BELLUSCURA PLC LS -01
F:9VQ
|
$3.55 Million |
|
Activate Energy Acquisition Corp. Warrant
NASDAQ:AEAQW
|
$3.55 Million |
|
M3 Mining Ltd
AU:M3M
|
$3.55 Million |
|
Enterprise Metals Ltd
AU:ENT
|
$3.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FW Thorpe PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 176,762,000 to 189,793,000, a change of 13,031,000 (7.4%).
- Net income of 25,412,000 contributed positively to equity growth.
- Dividend payments of 10,958,000 reduced retained earnings.
- Share repurchases of 3,135,000 reduced equity.
- Other comprehensive income increased equity by 887,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX25.41 Million | +13.39% |
| Dividends Paid | GBX10.96 Million | -5.77% |
| Share Repurchases | GBX3.13 Million | -1.65% |
| Other Comprehensive Income | GBX887.00K | +0.47% |
| Other Changes | GBX825.00K | +0.43% |
| Total Change | GBX- | 7.37% |
Book Value vs Market Value Analysis
This analysis compares FW Thorpe 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: 160.47x
- 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 6630.94x to 160.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | GBX0.04 | GBX260.00 | x |
| 1987-06-30 | GBX0.05 | GBX260.00 | x |
| 1988-06-30 | GBX0.05 | GBX260.00 | x |
| 1989-06-30 | GBX0.06 | GBX260.00 | x |
| 1990-06-30 | GBX0.07 | GBX260.00 | x |
| 1991-06-30 | GBX0.07 | GBX260.00 | x |
| 1992-06-30 | GBX0.08 | GBX260.00 | x |
| 1993-06-30 | GBX0.08 | GBX260.00 | x |
| 1994-06-30 | GBX0.10 | GBX260.00 | x |
| 1995-06-30 | GBX0.11 | GBX260.00 | x |
| 1996-06-30 | GBX0.11 | GBX260.00 | x |
| 1997-06-30 | GBX0.12 | GBX260.00 | x |
| 1998-06-30 | GBX0.14 | GBX260.00 | x |
| 1999-06-30 | GBX0.14 | GBX260.00 | x |
| 2000-06-30 | GBX0.15 | GBX260.00 | x |
| 2001-06-30 | GBX0.17 | GBX260.00 | x |
| 2002-06-30 | GBX0.17 | GBX260.00 | x |
| 2003-06-30 | GBX0.18 | GBX260.00 | x |
| 2004-06-30 | GBX0.21 | GBX260.00 | x |
| 2005-06-30 | GBX0.21 | GBX260.00 | x |
| 2006-06-30 | GBX0.25 | GBX260.00 | x |
| 2007-06-30 | GBX0.30 | GBX260.00 | x |
| 2008-06-30 | GBX0.35 | GBX260.00 | x |
| 2009-06-30 | GBX0.39 | GBX260.00 | x |
| 2010-06-30 | GBX0.43 | GBX260.00 | x |
| 2011-06-30 | GBX0.50 | GBX260.00 | x |
| 2012-06-30 | GBX0.57 | GBX260.00 | x |
| 2013-06-30 | GBX0.62 | GBX260.00 | x |
| 2014-06-30 | GBX0.66 | GBX260.00 | x |
| 2015-06-30 | GBX0.72 | GBX260.00 | x |
| 2016-06-30 | GBX0.78 | GBX260.00 | x |
| 2017-06-30 | GBX0.87 | GBX260.00 | x |
| 2018-06-30 | GBX0.96 | GBX260.00 | x |
| 2019-06-30 | GBX1.05 | GBX260.00 | x |
| 2020-06-30 | GBX1.10 | GBX260.00 | x |
| 2021-06-30 | GBX1.17 | GBX260.00 | x |
| 2022-06-30 | GBX1.24 | GBX260.00 | x |
| 2023-06-30 | GBX1.37 | GBX260.00 | x |
| 2024-06-30 | GBX1.51 | GBX260.00 | x |
| 2025-06-30 | GBX1.62 | GBX260.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FW Thorpe 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): 13.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.50%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.31x
- Recent ROE (13.39%) is below the historical average (14.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 17.47% | 11.17% | 1.10x | 1.42x | GBX359.50K |
| 1987 | 16.42% | 11.03% | 1.05x | 1.41x | GBX357.60K |
| 1988 | 16.30% | 11.25% | 1.02x | 1.42x | GBX406.30K |
| 1989 | 21.24% | 17.44% | 0.92x | 1.32x | GBX891.80K |
| 1990 | 10.87% | 7.84% | 1.06x | 1.31x | GBX72.30K |
| 1991 | 11.22% | 7.65% | 1.14x | 1.29x | GBX110.50K |
| 1992 | 12.11% | 8.17% | 1.12x | 1.32x | GBX209.40K |
| 1993 | 10.18% | 6.60% | 1.14x | 1.36x | GBX19.30K |
| 1994 | 14.33% | 8.74% | 1.22x | 1.35x | GBX514.00K |
| 1995 | 15.41% | 9.99% | 1.16x | 1.33x | GBX733.60K |
| 1996 | 10.65% | 7.20% | 1.16x | 1.28x | GBX93.10K |
| 1997 | 13.23% | 8.88% | 1.13x | 1.32x | GBX513.80K |
| 1998 | 15.54% | 10.51% | 1.10x | 1.34x | GBX998.50K |
| 1999 | 12.72% | 9.26% | 1.08x | 1.27x | GBX503.10K |
| 2000 | 10.82% | 7.41% | 1.10x | 1.32x | GBX151.80K |
| 2001 | 11.73% | 7.05% | 1.28x | 1.30x | GBX343.40K |
| 2002 | 3.66% | 2.48% | 1.17x | 1.26x | GBX-1.26 Million |
| 2003 | 12.02% | 8.02% | 1.16x | 1.29x | GBX441.10K |
| 2004 | 15.69% | 10.42% | 1.16x | 1.30x | GBX1.41 Million |
| 2005 | 16.87% | 10.19% | 1.18x | 1.41x | GBX1.73 Million |
| 2006 | 17.26% | 11.75% | 1.13x | 1.30x | GBX2.19 Million |
| 2007 | 19.54% | 15.31% | 1.03x | 1.23x | GBX3.42 Million |
| 2008 | 20.96% | 16.86% | 0.99x | 1.25x | GBX4.56 Million |
| 2009 | 18.52% | 15.88% | 0.94x | 1.24x | GBX3.90 Million |
| 2010 | 16.22% | 17.50% | 0.75x | 1.24x | GBX3.15 Million |
| 2011 | 16.09% | 17.81% | 0.75x | 1.21x | GBX3.56 Million |
| 2012 | 16.94% | 20.37% | 0.72x | 1.15x | GBX4.64 Million |
| 2013 | 13.19% | 17.29% | 0.66x | 1.15x | GBX2.31 Million |
| 2014 | 13.18% | 16.61% | 0.68x | 1.17x | GBX2.46 Million |
| 2015 | 13.82% | 15.57% | 0.70x | 1.26x | GBX3.16 Million |
| 2016 | 14.33% | 14.61% | 0.77x | 1.28x | GBX3.93 Million |
| 2017 | 14.32% | 13.75% | 0.82x | 1.27x | GBX4.37 Million |
| 2018 | 14.35% | 14.70% | 0.75x | 1.31x | GBX4.88 Million |
| 2019 | 13.21% | 14.59% | 0.68x | 1.33x | GBX3.92 Million |
| 2020 | 10.38% | 11.75% | 0.67x | 1.32x | GBX483.80K |
| 2021 | 11.54% | 13.41% | 0.65x | 1.33x | GBX2.11 Million |
| 2022 | 13.81% | 13.97% | 0.70x | 1.42x | GBX5.54 Million |
| 2023 | 13.68% | 12.41% | 0.78x | 1.42x | GBX5.90 Million |
| 2024 | 13.75% | 13.83% | 0.74x | 1.35x | GBX6.64 Million |
| 2025 | 13.39% | 14.50% | 0.71x | 1.31x | GBX6.43 Million |
Industry Comparison
This section compares FW Thorpe PLC's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $40,491,434
- Average return on equity (ROE) among peers: -17.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FW Thorpe PLC (TFW) | GBX186.05 Million | 17.47% | 0.28x | $3.55 Million |
| AFC Energy plc (AFC) | $31.09 Million | -56.22% | 0.17x | $2.03 Million |
| Ceres Power Holdings PLC (CWR) | $237.40 Million | -20.06% | 0.10x | $14.00 Million |
| Dialight plc (DIA) | $37.28 Million | 32.50% | 0.63x | $1.79 Million |
| Dewhurst plc (DWHA) | $3.88 Million | 16.12% | 0.55x | $323.07K |
| Dewhurst (DWHT) | $2.80 Million | 9.71% | 0.41x | $342.24K |
| Eenergy Group PLC (EAAS) | $3.33 Million | -6.30% | 0.11x | $237.93K |
| Gelion PLC (GELN) | $11.97 Million | -66.41% | 0.14x | $516.25K |
| Invinity Energy Systems PLC (IES) | $65.67 Million | -34.72% | 0.15x | $2.15 Million |
| Ilika plc (IKA) | $6.25 Million | -56.65% | 0.17x | $704.07K |
| LPA Group (LPA) | $5.25 Million | 5.79% | 0.13x | $102.09K |
About FW Thorpe PLC
FW Thorpe Plc designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally. The company offers professional lighting and control systems, including recessed, surface, and suspended luminaires; emergency lighting systems; hazardous area lighting; high and low bay luminaires; lighting controls; and exterior … Read more