Future Generation Australia Ltd

AU:FGX Australia Asset Management
Market Cap
$335.87 Million
AU$542.44 Million AUD
Market Cap Rank
#45343 Global
#1540 in Australia
Share Price
AU$1.32
Change (1 day)
+0.76%
52-Week Range
AU$1.17 - AU$1.43
All Time High
AU$1.43
Categories
Companies in Australia Asset Management Banking & Financial
About

Future Generation Investment Fund Limited is a closed ended fund of fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Bennelong Long Short Equity Management Pty Limited, Cooper Investors Pty Limited,Bennelong Australian Equity Partners Pty Ltd,Discovery Asset Management Pty Ltd,Eley Griffiths Group Pty Limited, Eley Griffiths Group Pty Lim… Read more

Future Generation Australia Ltd (FGX) - Net Assets

Latest net assets as of December 2025: AU$573.70 Million AUD

Based on the latest financial reports, Future Generation Australia Ltd (FGX) has net assets worth AU$573.70 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$611.87 Million) and total liabilities (AU$38.17 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$573.70 Million
% of Total Assets 93.76%
Annual Growth Rate 4.29%
5-Year Change 0.6%
10-Year Change 43.78%
Growth Volatility 1112.97

Future Generation Australia Ltd - Net Assets Trend (1996–2025)

This chart illustrates how Future Generation Australia 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 Australia Ltd (1996–2025)

The table below shows the annual net assets of Future Generation Australia Ltd from 1996 to 2025.

Year Net Assets Change
2025-12-31 AU$573.70 Million +4.77%
2024-12-31 AU$547.59 Million +4.27%
2023-12-31 AU$525.18 Million +4.24%
2022-12-31 AU$503.80 Million -11.66%
2021-12-31 AU$570.26 Million +11.92%
2020-12-31 AU$509.53 Million +3.01%
2019-12-31 AU$494.63 Million +10.46%
2018-12-31 AU$447.77 Million +5.62%
2017-12-31 AU$423.93 Million +6.24%
2016-12-31 AU$399.02 Million +48.52%
2015-12-31 AU$268.66 Million +31.29%
2014-12-31 AU$204.62 Million +6104.49%
2013-12-31 AU$3.30 Million -97.41%
2012-12-31 AU$127.50 Million -93.17%
2011-12-31 AU$1.87 Billion +5.38%
2010-12-31 AU$1.77 Billion +9.26%
2009-12-31 AU$1.62 Billion +34.23%
2008-12-31 AU$1.21 Billion +4.98%
2007-12-31 AU$1.15 Billion +16.42%
2006-12-31 AU$988.48 Million +14.82%
2005-12-31 AU$860.89 Million +5.45%
2004-12-31 AU$816.38 Million +86.29%
2003-12-31 AU$438.23 Million +24.98%
2002-12-31 AU$350.64 Million +9.07%
2001-12-31 AU$321.48 Million +6.32%
2000-12-31 AU$302.37 Million -6.47%
1999-12-31 AU$323.30 Million +7.63%
1998-12-31 AU$300.37 Million +67.69%
1997-12-31 AU$179.12 Million +5.63%
1996-12-31 AU$169.57 Million --

Equity Component Analysis

This analysis shows how different components contribute to Future Generation Australia 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 4825.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock AU$454.35 Million 79.20%
Other Comprehensive Income AU$180.39 Million 31.44%
Total Equity AU$573.70 Million 100.00%

Future Generation Australia Ltd Competitors by Market Cap

The table below lists competitors of Future Generation Australia Ltd ranked by their market capitalization.

Company Market Cap
Pioneer Cement Ltd
KAR:PIOC
 		$7.89K
Centaur Media
LSE:CAU
 		$7.89K
ZJ EXPRESS -H-
BE:ZHJ
 		$7.90K
SHOW3F
SA:SHOW3F
 		$7.91K
SoftCamp Co. Ltd.
KO:258790
 		$7.86K
Haiphong Packing VICEM JSC
VN:BXH
 		$7.86K
Henry Boot PLC
LSE:BD82
 		$7.86K
Chicane Capital I Corp.
V:CCIC-P
 		$7.85K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Future Generation Australia Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 547,589,000 to 573,695,000, a change of 26,106,000 (4.8%).
  • Net income of 52,895,000 contributed positively to equity growth.
  • Dividend payments of 26,789,000 reduced retained earnings.
  • Other comprehensive income increased equity by 25,282,000.
  • Other factors decreased equity by 25,282,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$52.90 Million +9.22%
Dividends Paid AU$26.79 Million -4.67%
Other Comprehensive Income AU$25.28 Million +4.41%
Other Changes AU$-25.28 Million -4.41%
Total Change AU$- 4.77%

Book Value vs Market Value Analysis

This analysis compares Future Generation Australia 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: 0.94x
  • 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 decreased from 3.16x to 0.94x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 AU$0.42 AU$1.32 x
1997-12-31 AU$0.44 AU$1.32 x
1998-12-31 AU$0.74 AU$1.32 x
1999-12-31 AU$0.80 AU$1.32 x
2000-12-31 AU$0.74 AU$1.32 x
2001-12-31 AU$0.79 AU$1.32 x
2002-12-31 AU$0.86 AU$1.32 x
2003-12-31 AU$1.08 AU$1.32 x
2004-12-31 AU$1.95 AU$1.32 x
2005-12-31 AU$2.12 AU$1.32 x
2006-12-31 AU$2.43 AU$1.32 x
2007-12-31 AU$2.83 AU$1.32 x
2008-12-31 AU$2.97 AU$1.32 x
2009-12-31 AU$3.99 AU$1.32 x
2010-12-31 AU$4.36 AU$1.32 x
2011-12-31 AU$4.60 AU$1.32 x
2012-12-31 AU$0.00 AU$1.32 x
2013-12-31 AU$0.01 AU$1.32 x
2014-12-31 AU$0.50 AU$1.32 x
2015-12-31 AU$0.65 AU$1.32 x
2016-12-31 AU$1.53 AU$1.32 x
2017-12-31 AU$1.04 AU$1.32 x
2018-12-31 AU$1.10 AU$1.32 x
2019-12-31 AU$1.22 AU$1.32 x
2020-12-31 AU$1.25 AU$1.32 x
2021-12-31 AU$1.40 AU$1.32 x
2022-12-31 AU$1.24 AU$1.32 x
2023-12-31 AU$1.29 AU$1.32 x
2024-12-31 AU$1.34 AU$1.32 x
2025-12-31 AU$1.40 AU$1.32 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Future Generation Australia 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): 9.22%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 67.62%
  • • Asset Turnover: 0.13x
  • • Equity Multiplier: 1.07x
  • Recent ROE (9.22%) is above the historical average (4.48%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 3.46% 0.00% 0.00x 1.03x AU$-11.10 Million
1997 9.65% 0.00% 0.00x 1.29x AU$-627.93K
1998 10.59% 0.00% 0.00x 1.32x AU$1.78 Million
1999 12.19% 0.00% -0.01x 1.25x AU$7.08 Million
2000 -4.17% 0.00% -0.02x 1.31x AU$-42.84 Million
2001 1.26% 97.71% 0.01x 1.13x AU$-28.09 Million
2002 8.64% 90.77% 0.09x 1.04x AU$-4.78 Million
2003 8.52% 84.28% 0.10x 1.04x AU$-6.50 Million
2004 13.61% 90.93% 0.14x 1.07x AU$28.49 Million
2005 12.72% 84.38% 0.14x 1.06x AU$23.43 Million
2006 2.19% 11.73% 0.18x 1.06x AU$-77.16 Million
2007 7.16% 34.80% 0.17x 1.18x AU$-32.74 Million
2008 8.33% 96.60% 0.07x 1.17x AU$-20.22 Million
2009 11.79% 90.79% 0.13x 1.04x AU$29.10 Million
2010 11.98% 89.71% 0.13x 1.04x AU$35.15 Million
2011 10.50% 91.37% 0.11x 1.06x AU$9.27 Million
2012 132.02% 75.30% 1.74x 1.01x AU$155.57 Million
2013 -189.84% -16476.32% 0.01x 1.10x AU$-6.59 Million
2014 5.56% 67.73% 0.08x 1.02x AU$-9.09 Million
2015 5.55% 72.64% 0.07x 1.02x AU$-11.73 Million
2016 3.05% 83.47% 0.04x 1.01x AU$-27.63 Million
2017 5.25% 70.60% 0.07x 1.03x AU$-20.14 Million
2018 5.19% 64.00% 0.08x 1.01x AU$-21.56 Million
2019 4.54% 72.81% 0.06x 1.03x AU$-27.03 Million
2020 2.82% 70.34% 0.04x 1.05x AU$-36.60 Million
2021 14.01% 68.87% 0.19x 1.08x AU$22.85 Million
2022 -8.71% 0.00% -0.12x 1.03x AU$-94.27 Million
2023 8.73% 77.13% 0.11x 1.04x AU$-6.68 Million
2024 8.75% 75.97% 0.11x 1.05x AU$-6.83 Million
2025 9.22% 67.62% 0.13x 1.07x AU$-4.47 Million

Industry Comparison

This section compares Future Generation Australia 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 Australia Ltd (FGX) AU$573.70 Million 3.46% 0.07x $7.88K
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