Freedom Care Group Holdings Ltd
Freedom Care Group Holdings Limited provides care and support services to individuals with disabilities in Australia. The company offers allied health services, including speech therapy, psychology, podiatry, physiotherapy, occupational therapy, exercise physiology, dietetics, and chiropractic; core support services, such as social and community participation, in-home services, and garden and yar… Read more
Freedom Care Group Holdings Ltd (FCG) - Net Assets
Latest net assets as of June 2024: AU$5.42 Million AUD
Based on the latest financial reports, Freedom Care Group Holdings Ltd (FCG) has net assets worth AU$5.42 Million AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$9.86 Million) and total liabilities (AU$4.43 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$5.42 Million |
| % of Total Assets | 55.03% |
| Annual Growth Rate | N/A |
| 5-Year Change | -94.15% |
| 10-Year Change | N/A |
| Growth Volatility | 1077.62 |
Freedom Care Group Holdings Ltd - Net Assets Trend (2010–2023)
This chart illustrates how Freedom Care Group Holdings 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 Freedom Care Group Holdings Ltd (2010–2023)
The table below shows the annual net assets of Freedom Care Group Holdings Ltd from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$5.42 Million | +43.05% |
| 2022-12-31 | AU$3.79 Million | +775.14% |
| 2021-12-31 | AU$433.33K | -19.86% |
| 2020-12-31 | AU$540.70K | -99.42% |
| 2019-12-31 | AU$92.71 Million | +3698.12% |
| 2018-12-31 | AU$2.44 Million | -22.58% |
| 2017-12-31 | AU$3.15 Million | -25.72% |
| 2016-12-31 | AU$4.25 Million | -67.18% |
| 2015-12-31 | AU$12.93 Million | +6599.50% |
| 2014-12-31 | AU$-199.00K | -114.61% |
| 2013-12-31 | AU$1.36 Million | -26.54% |
| 2012-12-31 | AU$1.85 Million | -30.46% |
| 2011-12-31 | AU$2.67 Million | +38185.71% |
| 2010-12-31 | AU$-7.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Freedom Care Group Holdings 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 84000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$840.00K | 15.78% |
| Common Stock | AU$4.32 Million | 81.19% |
| Other Comprehensive Income | AU$161.00K | 3.03% |
| Total Equity | AU$5.32 Million | 100.00% |
Freedom Care Group Holdings Ltd Competitors by Market Cap
The table below lists competitors of Freedom Care Group Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harm Reduction Group AB
ST:NOHARM
|
$307.16K |
|
SCSK (QSU.SG)
STU:QSU
|
$307.40K |
|
CONSOLIDATED WATER (CW2.SG)
STU:CW2
|
$307.61K |
|
AFRIC INDUSTRIES SA
BC:AFRIC-INDUSTRIES-SA
|
$307.62K |
|
Klepierre
STU:KPR
|
$306.91K |
|
EXPERIAN (J2B.SG)
STU:J2B
|
$306.77K |
|
Element Lifestyle Retirement Inc
V:ELM
|
$306.54K |
|
SecUR Credentials Limited
NSE:SECURCRED
|
$306.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Freedom Care Group Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,792,260 to 5,322,000, a change of 1,529,740 (40.3%).
- Net income of 891,000 contributed positively to equity growth.
- Dividend payments of 3,566,000 reduced retained earnings.
- Share repurchases of 2,783,000 reduced equity.
- New share issuances of 2,783,000 increased equity.
- Other comprehensive income increased equity by 161,000.
- Other factors increased equity by 4,043,740.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$891.00K | +16.74% |
| Dividends Paid | AU$3.57 Million | -67.0% |
| Share Repurchases | AU$2.78 Million | -52.29% |
| Share Issuances | AU$2.78 Million | +52.29% |
| Other Comprehensive Income | AU$161.00K | +3.03% |
| Other Changes | AU$4.04 Million | +75.98% |
| Total Change | AU$- | 40.34% |
Book Value vs Market Value Analysis
This analysis compares Freedom Care Group Holdings 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: 0.75x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.75x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | AU$11.48 | AU$0.04 | x |
| 2020-12-31 | AU$0.00 | AU$0.04 | x |
| 2021-12-31 | AU$0.00 | AU$0.04 | x |
| 2022-12-31 | AU$0.04 | AU$0.04 | x |
| 2023-12-31 | AU$0.05 | AU$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Freedom Care Group Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.70%
- • Asset Turnover: 1.92x
- • Equity Multiplier: 1.85x
- Recent ROE (16.74%) is above the historical average (-111.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -94.86% | -1615.04% | 0.03x | 1.71x | AU$-1.43 Million |
| 2014 | 0.00% | -1993.91% | 0.08x | 0.00x | AU$-1.83 Million |
| 2015 | -12.37% | -73.97% | 0.15x | 1.11x | AU$-2.89 Million |
| 2016 | -1208.13% | -240.68% | 1.39x | 3.60x | AU$-51.71 Million |
| 2017 | -14.27% | -8.05% | 0.41x | 4.30x | AU$-765.30K |
| 2018 | -33.88% | -32.92% | 0.07x | 14.79x | AU$-1.07 Million |
| 2019 | -23.28% | -7995.19% | 0.00x | 2.24x | AU$-30.86 Million |
| 2020 | 100.37% | 14.74% | 3.03x | 2.25x | AU$488.61K |
| 2021 | -33.41% | -1.24% | 7.13x | 3.78x | AU$-188.10K |
| 2022 | 81.95% | 13.21% | 3.97x | 1.56x | AU$2.73 Million |
| 2023 | 16.74% | 4.70% | 1.92x | 1.85x | AU$358.80K |
Industry Comparison
This section compares Freedom Care Group Holdings Ltd's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $412,675,750
- Average return on equity (ROE) among peers: 15.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Freedom Care Group Holdings Ltd (FCG) | AU$5.42 Million | -94.86% | 0.82x | $307.06K |
| Oceania Healthcare Ltd (OCA) | $200.04 Million | 24.32% | 2.91x | $251.67 Million |
| Pacific Smiles Group Ltd (PSQ) | $61.18 Million | 21.17% | 1.64x | $1.00 Million |
| Regis Healthcare Ltd (REG) | $-16.72 Million | 0.00% | 0.00x | $696.47 Million |
| Ramsay Health Care Ltd (RHC) | $1.41 Billion | 17.36% | 1.55x | $4.63 Billion |