Cadence Opportunities Fund Ltd (CDO) - Net Assets
Based on the latest financial reports, Cadence Opportunities Fund Ltd (CDO) has net assets worth AU$37.30 Million AUD (≈ $26.39 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$50.59 Million ≈ $35.80 Million USD) and total liabilities (AU$13.30 Million ≈ $9.41 Million 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 Cadence Opportunities Fund Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$37.30 Million |
| % of Total Assets | 73.72% |
| Annual Growth Rate | 32.85% |
| 5-Year Change | 41.21% |
| 10-Year Change | N/A |
| Growth Volatility | 57.33 |
Cadence Opportunities Fund Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Cadence Opportunities Fund Ltd's net assets have evolved over time, based on quarterly financial data. See CDO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cadence Opportunities Fund Ltd (2019–2025)
The table below shows the annual net assets of Cadence Opportunities Fund Ltd from 2019 to 2025. For live valuation and market cap data, see CDO stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$32.18 Million ≈ $22.77 Million |
-1.21% |
| 2024-06-30 | AU$32.58 Million ≈ $23.05 Million |
+1.23% |
| 2023-06-30 | AU$32.18 Million ≈ $22.77 Million |
-8.08% |
| 2022-06-30 | AU$35.01 Million ≈ $24.77 Million |
+53.60% |
| 2021-06-30 | AU$22.79 Million ≈ $16.13 Million |
+158.07% |
| 2020-06-30 | AU$8.83 Million ≈ $6.25 Million |
+50.88% |
| 2019-06-30 | AU$5.85 Million ≈ $4.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cadence Opportunities Fund 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 decreased by 396.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$33.26 Million | 103.35% |
| Other Comprehensive Income | AU$-208.70K | -0.65% |
| Total Equity | AU$32.18 Million | 100.00% |
Cadence Opportunities Fund Ltd Competitors by Market Cap
The table below lists competitors of Cadence Opportunities Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korean Drug Co. Ltd
KQ:014570
|
$24.86 Million |
|
Skye Bioscience, Inc. Common Stock
NASDAQ:SKYE
|
$24.86 Million |
|
Ginegar
TA:GNGR
|
$24.87 Million |
|
Tai Twun Enterprise Co Ltd
TW:3432
|
$24.88 Million |
|
DNXcorp
PA:ALDNX
|
$24.84 Million |
|
Almaden Minerals Ltd
TO:AMM
|
$24.82 Million |
|
EMB Mission Bound AB (publ)
ST:NAVIGO-STAM
|
$24.81 Million |
|
Grand Kartech Tbk
JK:KRAH
|
$24.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cadence Opportunities Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 32,577,882 to 32,184,966, a change of -392,916 (-1.2%).
- Net income of 1,491,808 contributed positively to equity growth.
- Dividend payments of 1,256,009 reduced retained earnings.
- Share repurchases of 628,715 reduced equity.
- Other comprehensive income decreased equity by 3,730,896.
- Other factors increased equity by 3,730,896.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$1.49 Million | +4.64% |
| Dividends Paid | AU$1.26 Million | -3.9% |
| Share Repurchases | AU$628.72K | -1.95% |
| Other Comprehensive Income | AU$-3.73 Million | -11.59% |
| Other Changes | AU$3.73 Million | +11.59% |
| Total Change | AU$- | -1.21% |
Book Value vs Market Value Analysis
This analysis compares Cadence Opportunities Fund 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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.48x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | AU$0.20 | AU$2.25 | x |
| 2020-06-30 | AU$1.72 | AU$2.25 | x |
| 2021-06-30 | AU$2.95 | AU$2.25 | x |
| 2022-06-30 | AU$2.67 | AU$2.25 | x |
| 2023-06-30 | AU$2.09 | AU$2.25 | x |
| 2024-06-30 | AU$2.08 | AU$2.25 | x |
| 2025-06-30 | AU$2.04 | AU$2.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cadence Opportunities Fund Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.57%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.39x
- Recent ROE (4.64%) is below the historical average (7.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 5.01% | 48.64% | 0.08x | 1.29x | AU$-291.95K |
| 2020 | 18.28% | 51.36% | 0.23x | 1.56x | AU$698.04K |
| 2021 | 25.47% | 54.25% | 0.29x | 1.63x | AU$3.40 Million |
| 2022 | -4.34% | 0.00% | -0.02x | 1.37x | AU$-5.02 Million |
| 2023 | -4.17% | 0.00% | -0.02x | 1.28x | AU$-4.56 Million |
| 2024 | 7.18% | 53.92% | 0.11x | 1.24x | AU$-917.18K |
| 2025 | 4.64% | 42.57% | 0.08x | 1.39x | AU$-1.73 Million |
Industry Comparison
This section compares Cadence Opportunities Fund Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $393,641,219
- Average return on equity (ROE) among peers: -7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cadence Opportunities Fund Ltd (CDO) | AU$37.30 Million | 5.01% | 0.36x | $24.85 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $57.41 Million |
| Australian Ethical Investment Ltd (AEF) | $15.31 Million | 33.19% | 0.51x | $347.14 Million |
| Australian Foundation Investment Company Ltd (AFI) | $2.48 Billion | 4.15% | 0.01x | $5.57 Billion |
| Alternative Investment Trust (AIQ) | $0.00 | 0.00% | 0.00x | $33.69 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $293.69 Million | 2.65% | 0.01x | $313.74 Million |
| Amcil Ltd (AMH) | $335.34 Million | 2.02% | 0.15x | $201.36 Million |
| Associate Global Partners Ltd (APL) | $7.25 Million | -140.95% | 0.39x | $10.18 Million |
| Ariadne Australia Ltd (ARA) | $178.26 Million | 2.41% | 0.11x | $66.00 Million |
| ARC Funds Ltd (ARC) | $5.12 Million | 13.17% | 0.23x | $3.91 Million |
| Argo Investments Ltd (ARG) | $569.85 Million | -0.86% | 0.06x | $4.68 Billion |
About Cadence Opportunities Fund Ltd
Cadence Opportunities Fund Limited invests in securities listed in Australia and internationally. The company was incorporated in 2018 and is based in Sydney, Australia.