Associate Global Partners Ltd
Associate Global Partners Limited is a publicly owned investment manager. It manages large cap, mid cap, small cap, micro cap, and income focused mandates for its institutional clients. The company was formerly known as Contango Asset Management Limited and changed its name to Associate Global Partners Limited in November 2022. Associate Global Partners Limited is based in Sydney, Australia.
Associate Global Partners Ltd (APL) - Net Assets
Latest net assets as of December 2025: AU$7.75 Million AUD
Based on the latest financial reports, Associate Global Partners Ltd (APL) has net assets worth AU$7.75 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$12.98 Million) and total liabilities (AU$5.24 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 | AU$7.75 Million |
| % of Total Assets | 59.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | -18.23% |
| 10-Year Change | 2859.46% |
| Growth Volatility | 264.93 |
Associate Global Partners Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Associate Global Partners Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Associate Global Partners Ltd (2002–2025)
The table below shows the annual net assets of Associate Global Partners Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$7.67 Million | -0.78% |
| 2024-06-30 | AU$7.72 Million | +9.08% |
| 2023-06-30 | AU$7.08 Million | -20.43% |
| 2022-06-30 | AU$8.90 Million | -5.06% |
| 2021-06-30 | AU$9.37 Million | -4.20% |
| 2020-06-30 | AU$9.79 Million | -10.27% |
| 2019-06-30 | AU$10.90 Million | -5.28% |
| 2018-06-30 | AU$11.51 Million | +226.24% |
| 2017-06-30 | AU$3.53 Million | +1262.55% |
| 2016-06-30 | AU$259.00K | -53.62% |
| 2015-06-30 | AU$558.46K | -35.37% |
| 2014-06-30 | AU$864.08K | +10.16% |
| 2013-06-30 | AU$784.37K | -14.44% |
| 2012-06-30 | AU$916.73K | -66.81% |
| 2011-06-30 | AU$2.76 Million | -17.21% |
| 2010-06-30 | AU$3.34 Million | +13.70% |
| 2009-06-30 | AU$2.93 Million | -61.16% |
| 2008-06-30 | AU$7.55 Million | +126.67% |
| 2007-06-30 | AU$3.33 Million | -54.02% |
| 2006-06-30 | AU$7.25 Million | +13.11% |
| 2005-06-30 | AU$6.41 Million | -64.75% |
| 2004-06-30 | AU$18.18 Million | +6.87% |
| 2003-06-30 | AU$17.01 Million | -4.08% |
| 2002-12-31 | AU$17.73 Million | +215.65% |
| 2002-06-30 | AU$-15.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Associate Global Partners Ltd'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 2653900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$152.01 Million | 1983.18% |
| Other Comprehensive Income | AU$111.00K | 1.45% |
| Total Equity | AU$7.67 Million | 100.00% |
Associate Global Partners Ltd Competitors by Market Cap
The table below lists competitors of Associate Global Partners Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aton Resources Inc
PINK:ANLBF
|
$1.95 Million |
|
My Size Inc
NASDAQ:MYSZ
|
$1.95 Million |
|
RESMED (RME.SG)
STU:RME
|
$1.95 Million |
|
Versus Systems Inc
NASDAQ:VS
|
$1.95 Million |
|
E. Pairis S.A
AT:PAIR
|
$1.95 Million |
|
iSpecimen Inc
NASDAQ:ISPC
|
$1.95 Million |
|
Applied Development Holdings Limited
PINK:ADHLF
|
$1.95 Million |
|
Techfast Holdings Bhd
KLSE:0084
|
$1.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Associate Global Partners Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,725,000 to 7,665,000, a change of -60,000 (-0.8%).
- Net loss of 171,000 reduced equity.
- Other comprehensive income increased equity by 111,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-171.00K | -2.23% |
| Other Comprehensive Income | AU$111.00K | +1.45% |
| Total Change | AU$- | -0.78% |
Book Value vs Market Value Analysis
This analysis compares Associate Global Partners Ltd'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: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-06-30 | AU$-68.41 | AU$0.26 | x |
| 2003-06-30 | AU$75.89 | AU$0.26 | x |
| 2005-06-30 | AU$18.29 | AU$0.26 | x |
| 2006-06-30 | AU$16.09 | AU$0.26 | x |
| 2007-06-30 | AU$6.00 | AU$0.26 | x |
| 2008-06-30 | AU$11.15 | AU$0.26 | x |
| 2009-06-30 | AU$3.24 | AU$0.26 | x |
| 2010-06-30 | AU$2.01 | AU$0.26 | x |
| 2011-06-30 | AU$1.08 | AU$0.26 | x |
| 2012-06-30 | AU$0.27 | AU$0.26 | x |
| 2013-06-30 | AU$0.23 | AU$0.26 | x |
| 2014-06-30 | AU$0.25 | AU$0.26 | x |
| 2015-06-30 | AU$0.16 | AU$0.26 | x |
| 2016-06-30 | AU$0.08 | AU$0.26 | x |
| 2017-06-30 | AU$0.11 | AU$0.26 | x |
| 2018-06-30 | AU$0.28 | AU$0.26 | x |
| 2019-06-30 | AU$0.23 | AU$0.26 | x |
| 2020-06-30 | AU$0.21 | AU$0.26 | x |
| 2021-06-30 | AU$0.20 | AU$0.26 | x |
| 2022-06-30 | AU$0.19 | AU$0.26 | x |
| 2023-06-30 | AU$0.15 | AU$0.26 | x |
| 2024-06-30 | AU$0.14 | AU$0.26 | x |
| 2025-06-30 | AU$0.14 | AU$0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Associate Global Partners Ltd 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): -2.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.57%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.64x
- Recent ROE (-2.23%) is above the historical average (-74.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.00% | 0.40% | 0.12x | 0.00x | AU$1.55 Million |
| 2002 | 344.17% | 193.00% | 1.15x | 1.55x | AU$59.25 Million |
| 2003 | -0.22% | -0.19% | 0.60x | 1.90x | AU$-1.74 Million |
| 2004 | 6.43% | 2.76% | 0.53x | 4.39x | AU$-648.50K |
| 2005 | -310.27% | -395.96% | 0.45x | 1.73x | AU$-20.52 Million |
| 2006 | -140.95% | -147.12% | 0.69x | 1.39x | AU$-10.94 Million |
| 2007 | -263.24% | -198.34% | 0.84x | 1.58x | AU$-9.11 Million |
| 2008 | -115.52% | -289.26% | 0.31x | 1.29x | AU$-9.48 Million |
| 2009 | -238.39% | -393.45% | 0.39x | 1.56x | AU$-7.29 Million |
| 2010 | -124.57% | -205.59% | 0.45x | 1.35x | AU$-4.49 Million |
| 2011 | -158.71% | -547.92% | 0.20x | 1.49x | AU$-4.66 Million |
| 2012 | -203.46% | -210.53% | 0.70x | 1.38x | AU$-1.96 Million |
| 2013 | -16.87% | -335.11% | 0.04x | 1.25x | AU$-210.80K |
| 2014 | 9.22% | 16.53% | 0.54x | 1.04x | AU$-6.70K |
| 2015 | -54.73% | -796.21% | 0.06x | 1.07x | AU$-361.47K |
| 2016 | -115.75% | -2725.32% | 0.04x | 1.21x | AU$-325.69K |
| 2017 | -400.91% | -341.08% | 0.66x | 1.79x | AU$-14.50 Million |
| 2018 | 30.07% | 99.54% | 0.27x | 1.12x | AU$2.31 Million |
| 2019 | -47.77% | -166.85% | 0.21x | 1.35x | AU$-6.30 Million |
| 2020 | -11.89% | -24.61% | 0.35x | 1.36x | AU$-2.14 Million |
| 2021 | -8.53% | -14.45% | 0.40x | 1.48x | AU$-1.74 Million |
| 2022 | -7.21% | -10.34% | 0.47x | 1.48x | AU$-1.53 Million |
| 2023 | -28.03% | -35.06% | 0.43x | 1.85x | AU$-2.69 Million |
| 2024 | -10.33% | -13.24% | 0.47x | 1.65x | AU$-1.57 Million |
| 2025 | -2.23% | -2.57% | 0.53x | 1.64x | AU$-937.50K |
Industry Comparison
This section compares Associate Global Partners Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $287,210,392
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associate Global Partners Ltd (APL) | AU$7.75 Million | 0.00% | 0.68x | $1.95 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $94.37 Million | 1.87% | 0.01x | $5.47K |
| Australian Ethical Investment Ltd (AEF) | $13.24 Million | 24.06% | 0.35x | $239.63 Million |
| Australian Foundation Investment Company Ltd (AFI) | $943.61 Million | 6.18% | 0.12x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $47.85 Million | -0.38% | 0.00x | $8.66K |
| Argo Global Listed Infrastructure Ltd (ALI) | $301.56 Million | 5.39% | 0.03x | $14.60K |
| Amcil Ltd (AMH) | $41.43 Million | -1.76% | 0.00x | $137.81 Million |
| Ariadne Australia Ltd (ARA) | $5.82 Million | 144.29% | 5.44x | $17.16 Million |
| ARC Funds Ltd (ARC) | $1.32 Million | -101.26% | 0.11x | $1.18 Million |
| Australian United Investment Company Ltd (AUI) | $1.14 Billion | 4.96% | 0.26x | $386.05 Million |