Fat Prophets Global Property Fund (FPP) - Net Assets
Based on the latest financial reports, Fat Prophets Global Property Fund (FPP) has net assets worth AU$18.83 Million AUD (≈ $13.32 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$19.54 Million ≈ $13.82 Million USD) and total liabilities (AU$707.51K ≈ $500.61K 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 Fat Prophets Global Property Fund asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$18.83 Million |
| % of Total Assets | 96.38% |
| Annual Growth Rate | -7.37% |
| 5-Year Change | -4.91% |
| 10-Year Change | N/A |
| Growth Volatility | 21.96 |
Fat Prophets Global Property Fund - Net Assets Trend (2017–2024)
This chart illustrates how Fat Prophets Global Property Fund's net assets have evolved over time, based on quarterly financial data. Also explore FPP current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Fat Prophets Global Property Fund (2017–2024)
The table below shows the annual net assets of Fat Prophets Global Property Fund from 2017 to 2024. For live valuation and market cap data, see Fat Prophets Global Property Fund (FPP) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$18.83 Million ≈ $13.32 Million |
+1.82% |
| 2023-06-30 | AU$18.49 Million ≈ $13.09 Million |
-8.98% |
| 2022-06-30 | AU$20.32 Million ≈ $14.38 Million |
-18.05% |
| 2021-06-30 | AU$24.79 Million ≈ $17.54 Million |
+25.19% |
| 2020-06-30 | AU$19.80 Million ≈ $14.01 Million |
+13.16% |
| 2019-06-30 | AU$17.50 Million ≈ $12.38 Million |
+3.98% |
| 2018-06-30 | AU$16.83 Million ≈ $11.91 Million |
-47.69% |
| 2017-06-30 | AU$32.17 Million ≈ $22.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fat Prophets Global Property Fund'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 10669700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$18.83 Million | 100.00% |
| Total Equity | AU$18.83 Million | 100.00% |
Fat Prophets Global Property Fund Competitors by Market Cap
The table below lists competitors of Fat Prophets Global Property Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sapura Industrial Bhd
KLSE:7811
|
$14.62 Million |
|
Inter-M Corporation
KQ:017250
|
$14.63 Million |
|
RPCG Public Company Limited
BK:RPC
|
$14.64 Million |
|
Sapura Resources Bhd
KLSE:4596
|
$14.65 Million |
|
Jeonjinbio Co. Ltd
KQ:110020
|
$14.61 Million |
|
Livium Ltd
AU:LIT
|
$14.60 Million |
|
KSG Agro SA
WAR:KSG
|
$14.60 Million |
|
Minrex Resources Ltd
AU:MRR
|
$14.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fat Prophets Global Property Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,493,293 to 18,829,888, a change of 336,595 (1.8%).
- Net income of 1,663,191 contributed positively to equity growth.
- Dividend payments of 1,300,396 reduced retained earnings.
- Share repurchases of 27,400 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$1.66 Million | +8.83% |
| Dividends Paid | AU$1.30 Million | -6.91% |
| Share Repurchases | AU$27.40K | -0.15% |
| Other Changes | AU$1.20K | +0.01% |
| Total Change | AU$- | 1.82% |
Book Value vs Market Value Analysis
This analysis compares Fat Prophets Global Property Fund'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 increased from 0.89x to 1.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$1.03 | AU$0.92 | x |
| 2018-06-30 | AU$1.11 | AU$0.92 | x |
| 2019-06-30 | AU$1.12 | AU$0.92 | x |
| 2020-06-30 | AU$1.27 | AU$0.92 | x |
| 2021-06-30 | AU$1.09 | AU$0.92 | x |
| 2022-06-30 | AU$0.89 | AU$0.92 | x |
| 2023-06-30 | AU$0.81 | AU$0.92 | x |
| 2024-06-30 | AU$0.83 | AU$0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fat Prophets Global Property Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (8.83%) is above the historical average (0.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.08x | 1.03x | AU$-1.68 Million |
| 2019 | 8.93% | 88.49% | 0.10x | 1.04x | AU$-187.27K |
| 2020 | -20.58% | 0.00% | -0.19x | 1.00x | AU$-6.06 Million |
| 2021 | 24.07% | 92.07% | 0.25x | 1.03x | AU$3.49 Million |
| 2022 | -15.01% | 0.00% | -0.11x | 1.08x | AU$-5.08 Million |
| 2023 | -2.11% | -229.44% | 0.01x | 1.04x | AU$-2.24 Million |
| 2024 | 8.83% | 0.00% | 0.00x | 1.04x | AU$-219.80K |
Industry Comparison
This section compares Fat Prophets Global Property Fund's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $4,608,308,000
- Average return on equity (ROE) among peers: 7.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fat Prophets Global Property Fund (FPP) | AU$18.83 Million | 0.00% | 0.04x | $14.61 Million |
| Abacus Group (ABG) | $3.50 Billion | 14.77% | 0.54x | $654.45 Million |
| Charter Hall Group (CHC) | $2.15 Billion | 16.22% | 0.30x | $6.72 Billion |
| Charter Hall Long Wale REIT (CLW) | $2.19 Billion | 5.60% | 0.41x | $1.79 Billion |
| Centuria Capital Group (CNI) | $127.67 Million | 9.64% | 3.51x | $1.06 Billion |
| Goodman Group (GMG) | $5.01 Billion | 7.82% | 0.51x | $43.35 Billion |
| GPT Group (GPT) | $6.95 Billion | 10.17% | 0.40x | $6.52 Billion |
| HMC Capital Ltd (HMC) | $710.98 Million | -7.67% | 0.38x | $729.88 Million |
| Mirvac Group (MGR) | $10.66 Billion | 8.45% | 0.52x | $4.76 Billion |
| Stockland (SGP) | $10.18 Billion | 4.32% | 0.64x | $6.94 Billion |
About Fat Prophets Global Property Fund
Fat Prophets Global Property Fund is a real estate fund launched and managed by One Managed Investment Funds Limited. It invests in global listed REITs. Fat Prophets Global Property Fund was founded in 2017 and is domiciled in Australia.