Throgmorton Trust Plc

LSE:THRG UK Asset Management
Market Cap
$5.11 Million
GBX42.02 Billion GBX
Market Cap Rank
#48654 Global
#1220 in UK
Share Price
GBX560.00
Change (1 day)
+0.90%
52-Week Range
GBX469.00 - GBX666.00
All Time High
GBX982.98
Categories
Companies in UK Asset Management Banking & Financial
About

BlackRock Throgmorton Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid-cap companies. It a… Read more

Throgmorton Trust Plc (THRG) - Net Assets

Latest net assets as of November 2025: GBX501.62 Million GBX

Based on the latest financial reports, Throgmorton Trust Plc (THRG) has net assets worth GBX501.62 Million GBX as of November 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX508.10 Million) and total liabilities (GBX6.49 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 GBX501.62 Million
% of Total Assets 98.72%
Annual Growth Rate 2.31%
5-Year Change -46.36%
10-Year Change 64.84%
Growth Volatility 28.44

Throgmorton Trust Plc - Net Assets Trend (2000–2025)

This chart illustrates how Throgmorton Trust 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 Throgmorton Trust Plc (2000–2025)

The table below shows the annual net assets of Throgmorton Trust Plc from 2000 to 2025.

Year Net Assets Change
2025-11-30 GBX501.62 Million -15.82%
2024-11-30 GBX595.91 Million +3.47%
2023-11-30 GBX575.92 Million -9.07%
2022-11-30 GBX633.36 Million -32.27%
2021-11-30 GBX935.15 Million +56.85%
2020-11-30 GBX596.22 Million +26.84%
2019-11-30 GBX470.06 Million +23.83%
2018-11-30 GBX379.60 Million -6.48%
2017-11-30 GBX405.90 Million +33.39%
2016-11-30 GBX304.30 Million +4.41%
2015-11-30 GBX291.44 Million +23.78%
2014-11-30 GBX235.46 Million -5.42%
2013-11-30 GBX248.94 Million +40.89%
2012-11-30 GBX176.69 Million +19.57%
2011-11-30 GBX147.77 Million +16.09%
2010-11-30 GBX127.30 Million +19.06%
2009-11-30 GBX106.92 Million +38.80%
2008-11-30 GBX77.03 Million -71.73%
2007-11-30 GBX272.51 Million -23.96%
2006-11-30 GBX358.38 Million +2.16%
2005-11-30 GBX350.80 Million +2.21%
2004-11-30 GBX343.23 Million +23.66%
2003-11-30 GBX277.56 Million +50.99%
2002-11-30 GBX183.83 Million -25.03%
2001-11-30 GBX245.21 Million -13.57%
2000-11-30 GBX283.72 Million --

Equity Component Analysis

This analysis shows how different components contribute to Throgmorton 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 370.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (November 2025)

Component Amount Percentage
Retained Earnings GBX20.23 Million 4.03%
Common Stock GBX5.16 Million 1.03%
Other Comprehensive Income GBX476.23 Million 94.94%
Other Components GBX1.00 0.00%
Total Equity GBX501.62 Million 100.00%

Throgmorton Trust Plc Competitors by Market Cap

The table below lists competitors of Throgmorton Trust Plc ranked by their market capitalization.

Company Market Cap
FDES11F
SA:FDES11F
 		$638.83
Sabaa International Company for Pharmaceutical and Chemical
EGX:SIPC
 		$640.12
Unified Factory S.A.
WAR:UFC
 		$641.55
NDT Pharmaceuticals Inc
PINK:NDTP
 		$642.68
FIDSON HEALTHCARE PLC
XNSA:FIDSON
 		$637.87
Hollywall Entertainment Inc
PINK:HWAL
 		$637.42
SABIEN TECH GRP
BE:SUJ
 		$636.62
ENRTD
OTCQB:ENRTD
 		$634.69

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Throgmorton Trust Plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 595,908,000 to 501,618,000, a change of -94,290,000 (-15.8%).
  • Net loss of 9,045,000 reduced equity.
  • Dividend payments of 14,412,000 reduced retained earnings.
  • Share repurchases of 70,833,000 reduced equity.
  • Other comprehensive income increased equity by 464,327,999.
  • Other factors decreased equity by 464,327,999.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX-9.04 Million -1.8%
Dividends Paid GBX14.41 Million -2.87%
Share Repurchases GBX70.83 Million -14.12%
Other Comprehensive Income GBX464.33 Million +92.57%
Other Changes GBX-464.33 Million -92.57%
Total Change GBX- -15.82%

Book Value vs Market Value Analysis

This analysis compares Throgmorton 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: 87.96x
  • 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 722.77x to 87.96x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-11-30 GBX0.77 GBX560.00 x
2003-11-30 GBX1.05 GBX560.00 x
2004-11-30 GBX1.35 GBX560.00 x
2005-11-30 GBX1.72 GBX560.00 x
2006-11-30 GBX1.99 GBX560.00 x
2007-11-30 GBX1.79 GBX560.00 x
2008-11-30 GBX0.61 GBX560.00 x
2009-11-30 GBX1.33 GBX560.00 x
2010-11-30 GBX1.88 GBX560.00 x
2011-11-30 GBX2.34 GBX560.00 x
2012-11-30 GBX2.38 GBX560.00 x
2013-11-30 GBX3.29 GBX560.00 x
2014-11-30 GBX3.22 GBX560.00 x
2015-11-30 GBX3.92 GBX560.00 x
2016-11-30 GBX4.12 GBX560.00 x
2017-11-30 GBX5.43 GBX560.00 x
2018-11-30 GBX5.19 GBX560.00 x
2019-11-30 GBX6.43 GBX560.00 x
2020-11-30 GBX7.28 GBX560.00 x
2021-11-30 GBX9.93 GBX560.00 x
2022-11-30 GBX6.72 GBX560.00 x
2023-11-30 GBX5.78 GBX560.00 x
2024-11-30 GBX6.48 GBX560.00 x
2025-11-30 GBX6.37 GBX560.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Throgmorton 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): -1.80%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.00%
  • • Asset Turnover: -0.01x
  • • Equity Multiplier: 1.01x
  • Recent ROE (-1.80%) is below the historical average (5.32%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 27.72% 89.85% 0.26x 1.17x GBX43.13 Million
2004 23.55% 90.29% 0.23x 1.12x GBX42.15 Million
2005 23.45% 91.05% 0.23x 1.12x GBX42.15 Million
2006 14.40% 86.62% 0.15x 1.11x GBX14.34 Million
2007 -3.12% 0.00% 0.00x 1.14x GBX-35.77 Million
2008 -150.08% 0.00% -0.98x 1.33x GBX-123.31 Million
2009 42.31% 101.75% 0.40x 1.03x GBX34.55 Million
2010 34.42% 85.05% 0.36x 1.14x GBX31.09 Million
2011 1.85% 87.99% 0.02x 1.02x GBX-12.04 Million
2012 16.42% 98.61% 0.16x 1.02x GBX11.18 Million
2013 28.75% 99.33% 0.28x 1.04x GBX45.13 Million
2014 -0.99% 0.00% -0.01x 1.03x GBX-25.88 Million
2015 18.97% 99.13% 0.19x 1.03x GBX25.69 Million
2016 6.70% 97.38% 0.07x 1.01x GBX-9.94 Million
2017 25.53% 99.45% 0.25x 1.02x GBX61.65 Million
2018 -2.71% 0.00% -0.03x 1.01x GBX-48.26 Million
2019 19.44% 99.27% 0.19x 1.03x GBX44.39 Million
2020 8.52% 98.26% 0.08x 1.03x GBX-8.83 Million
2021 23.88% 99.49% 0.23x 1.02x GBX129.82 Million
2022 -46.72% 0.00% -0.47x 1.02x GBX-359.22 Million
2023 -2.73% 0.00% -0.03x 1.02x GBX-73.34 Million
2024 14.49% 91.33% 0.16x 1.02x GBX26.73 Million
2025 -1.80% 0.00% -0.01x 1.01x GBX-59.21 Million

Industry Comparison

This section compares Throgmorton Trust 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
Throgmorton Trust Plc (THRG) GBX501.62 Million 27.72% 0.01x $638.50
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