Freightways Group Ltd
Freightways Group Limited provides express package and business mail, and information management services in New Zealand, Australia, and internationally. It operates through Express Package and Business Mail, Information Management, and Corporate and Other segments. The company provides network courier services under the New Zealand Couriers, Post Haste Couriers, Castle Parcels, Allied Express, a… Read more
Freightways Group Ltd (FRW) - Net Assets
Latest net assets as of June 2024: AU$492.27 Million AUD
Based on the latest financial reports, Freightways Group Ltd (FRW) has net assets worth AU$492.27 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$1.39 Billion) and total liabilities (AU$901.75 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$492.27 Million |
| % of Total Assets | 35.31% |
| Annual Growth Rate | 11.65% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.44 |
Freightways Group Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Freightways Group 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 Freightways Group Ltd (2020–2024)
The table below shows the annual net assets of Freightways Group Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$492.27 Million | +3.29% |
| 2023-06-30 | AU$476.60 Million | +33.65% |
| 2022-06-30 | AU$356.61 Million | +4.51% |
| 2021-06-30 | AU$341.22 Million | +7.72% |
| 2020-06-30 | AU$316.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Freightways Group 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 33.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$190.48 Million | 38.73% |
| Other Components | AU$301.39 Million | 61.27% |
| Total Equity | AU$491.87 Million | 100.00% |
Freightways Group Ltd Competitors by Market Cap
The table below lists competitors of Freightways Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indorama Ventures PCL
BK:IVL
|
$1.18 Billion |
|
Premier Group Ltd
JSE:PMR
|
$1.18 Billion |
|
Genting Bhd
KLSE:3182
|
$1.18 Billion |
|
Sienna Senior Living Inc
PINK:LWSCF
|
$1.18 Billion |
|
DBG Technology Co Ltd Class A
SHE:300735
|
$1.18 Billion |
|
Hufvudstaden AB (publ)
PINK:HUFAF
|
$1.18 Billion |
|
HUTCHMED (CHINA) LS-1
F:H7T2
|
$1.18 Billion |
|
Biohaven Pharmaceutical Holding Co Ltd
NYSE:BHVN
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Freightways Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 476,214,000 to 491,865,000, a change of 15,651,000 (3.3%).
- Net income of 70,759,000 contributed positively to equity growth.
- Dividend payments of 57,181,000 reduced retained earnings.
- New share issuances of 601,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$70.76 Million | +14.39% |
| Dividends Paid | AU$57.18 Million | -11.63% |
| Share Issuances | AU$601.00K | +0.12% |
| Other Changes | AU$1.47 Million | +0.3% |
| Total Change | AU$- | 3.29% |
Book Value vs Market Value Analysis
This analysis compares Freightways Group 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: 4.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.75x to 4.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | AU$1.91 | AU$11.01 | x |
| 2021-06-30 | AU$2.06 | AU$11.01 | x |
| 2022-06-30 | AU$2.15 | AU$11.01 | x |
| 2023-06-30 | AU$2.68 | AU$11.01 | x |
| 2024-06-30 | AU$2.75 | AU$11.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Freightways Group 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): 14.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.85%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 2.83x
- Recent ROE (14.39%) is below the historical average (15.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 14.95% | 7.50% | 0.60x | 3.32x | AU$15.67 Million |
| 2021 | 14.53% | 6.19% | 0.77x | 3.06x | AU$15.45 Million |
| 2022 | 19.67% | 8.03% | 0.80x | 3.05x | AU$34.46 Million |
| 2023 | 15.78% | 6.70% | 0.81x | 2.89x | AU$27.52 Million |
| 2024 | 14.39% | 5.85% | 0.87x | 2.83x | AU$21.57 Million |
Industry Comparison
This section compares Freightways Group Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $198,994,643
- Average return on equity (ROE) among peers: -3.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Freightways Group Ltd (FRW) | AU$492.27 Million | 14.95% | 1.83x | $1.18 Billion |
| Dalrymple Bay Infrastructure Ltd (DBI) | $1.06 Billion | 12.22% | 2.34x | $1.46 Billion |
| K & S Corporation Ltd (KSC) | $40.69 Million | -0.01% | 1.52x | $26.74 Million |
| Move Logistics Group Ltd (MOV) | $36.93 Million | 5.46% | 8.33x | $5.70 Million |
| Orcoda Ltd (ODA) | $10.20 Million | -77.61% | 0.13x | $2.57 Million |
| PRL Global Ltd (PRG) | $236.99 Million | 9.23% | 1.04x | $43.86 Million |
| Silk Logistics Holdings Ltd (SLH) | $18.82 Million | 24.44% | 2.58x | $50.08 Million |
| Steamships Trading Company Ltd (SST) | $173.17 Million | -1.92% | 0.90x | $16.65 Million |
| Wiseway Group Ltd (WWG) | $19.00 Million | 3.21% | 2.36x | $8.50 Million |