Future Generation Global Ltd
Future Generation Global Investment Company Limited is a closed-ended equity fund of funds launched by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Antipodes Partners, Avenir Capital Pty Ltd, Cooper Investors Pty Limited, Eastspring Investments (Singapore) Limited, Ellerston Capital Pty Limited, Hunter Hall Investment Management Limited, Insync Funds Management P… Read more
Future Generation Global Ltd (FGG) - Net Assets
Latest net assets as of June 2025: AU$631.62 Million AUD
Based on the latest financial reports, Future Generation Global Ltd (FGG) has net assets worth AU$631.62 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$694.38 Million) and total liabilities (AU$62.75 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$631.62 Million |
| % of Total Assets | 90.96% |
| Annual Growth Rate | 8.65% |
| 5-Year Change | 4.2% |
| 10-Year Change | N/A |
| Growth Volatility | 13.55 |
Future Generation Global Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Future Generation Global 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 Future Generation Global Ltd (2015–2024)
The table below shows the annual net assets of Future Generation Global Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$617.20 Million | +12.97% |
| 2023-12-31 | AU$546.35 Million | +5.78% |
| 2022-12-31 | AU$516.48 Million | -17.92% |
| 2021-12-31 | AU$629.22 Million | +6.23% |
| 2020-12-31 | AU$592.33 Million | +8.55% |
| 2019-12-31 | AU$545.68 Million | +12.58% |
| 2018-12-31 | AU$484.69 Million | +37.76% |
| 2017-12-31 | AU$351.84 Million | +15.01% |
| 2016-12-31 | AU$305.93 Million | +4.58% |
| 2015-12-31 | AU$292.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Future Generation Global 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 9619800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$458.34 Million | 74.26% |
| Other Comprehensive Income | AU$263.00 Million | 42.61% |
| Total Equity | AU$617.20 Million | 100.00% |
Future Generation Global Ltd Competitors by Market Cap
The table below lists competitors of Future Generation Global Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCIENT DIGIT IMAG
BE:SD0
|
$8.98K |
|
Pengana Private Equity Trust
AU:PE1
|
$8.99K |
|
Wavefront Technology Solutions Inc
PINK:WFTSF
|
$8.99K |
|
Oil and Gas Development Co Ltd
KAR:OGDC
|
$8.99K |
|
We Can Medicines Co., Ltd.
TWO:6929
|
$8.96K |
|
Cognetivity Neurosciences Ltd
PINK:CGNSF
|
$8.96K |
|
Fine Besteel Co. Ltd.
KQ:133820
|
$8.95K |
|
BioLASCO Taiwan Co., Ltd.
TWO:6662
|
$8.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Future Generation Global Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 546,346,000 to 617,202,000, a change of 70,856,000 (13.0%).
- Net income of 97,652,000 contributed positively to equity growth.
- Dividend payments of 26,796,000 reduced retained earnings.
- Other comprehensive income increased equity by 68,618,000.
- Other factors decreased equity by 68,618,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$97.65 Million | +15.82% |
| Dividends Paid | AU$26.80 Million | -4.34% |
| Other Comprehensive Income | AU$68.62 Million | +11.12% |
| Other Changes | AU$-68.62 Million | -11.12% |
| Total Change | AU$- | 12.97% |
Book Value vs Market Value Analysis
This analysis compares Future Generation Global 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: 1.01x
- 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 1.48x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | AU$1.06 | AU$1.57 | x |
| 2016-12-31 | AU$1.10 | AU$1.57 | x |
| 2017-12-31 | AU$0.90 | AU$1.57 | x |
| 2018-12-31 | AU$1.24 | AU$1.57 | x |
| 2019-12-31 | AU$1.39 | AU$1.57 | x |
| 2020-12-31 | AU$1.51 | AU$1.57 | x |
| 2021-12-31 | AU$1.60 | AU$1.57 | x |
| 2022-12-31 | AU$1.32 | AU$1.57 | x |
| 2023-12-31 | AU$1.38 | AU$1.57 | x |
| 2024-12-31 | AU$1.55 | AU$1.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Future Generation Global Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.23%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.09x
- Recent ROE (15.82%) is above the historical average (2.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.53% | 47.42% | 0.03x | 1.02x | AU$-24.77 Million |
| 2016 | 1.54% | 49.03% | 0.03x | 1.02x | AU$-25.79 Million |
| 2017 | 0.87% | 45.23% | 0.02x | 1.04x | AU$-32.14 Million |
| 2018 | 2.63% | 59.17% | 0.04x | 1.03x | AU$-35.71 Million |
| 2019 | 1.57% | 45.01% | 0.03x | 1.07x | AU$-46.01 Million |
| 2020 | 3.34% | 58.42% | 0.05x | 1.09x | AU$-39.45 Million |
| 2021 | 7.57% | 63.81% | 0.11x | 1.10x | AU$-15.26 Million |
| 2022 | -17.26% | 0.00% | -0.23x | 1.01x | AU$-140.78 Million |
| 2023 | 10.20% | 65.42% | 0.15x | 1.05x | AU$1.07 Million |
| 2024 | 15.82% | 66.23% | 0.22x | 1.09x | AU$35.93 Million |
Industry Comparison
This section compares Future Generation Global Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $589,126,514
- Average return on equity (ROE) among peers: -25.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Future Generation Global Ltd (FGG) | AU$631.62 Million | 1.53% | 0.10x | $8.98K |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $281.69 Million | 15.05% | 0.96x | $8.06K |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Amcil Ltd (AMH) | $128.23 Million | 0.00% | 0.02x | $137.06 Million |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |