Flagship Investments Ltd (FSI) - Net Assets
Based on the latest financial reports, Flagship Investments Ltd (FSI) has net assets worth AU$51.80 Million AUD (≈ $36.65 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$73.08 Million ≈ $51.71 Million USD) and total liabilities (AU$21.28 Million ≈ $15.06 Million 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 asset resilience ratio of Flagship Investments Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$51.80 Million |
| % of Total Assets | 70.88% |
| Annual Growth Rate | 8.57% |
| 5-Year Change | -5.66% |
| 10-Year Change | 35.82% |
| Growth Volatility | 92.11 |
Flagship Investments Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Flagship Investments Ltd's net assets have evolved over time, based on quarterly financial data. Also explore FSI total assets for the complete picture of this company's asset base.
Annual Net Assets for Flagship Investments Ltd (1999–2025)
The table below shows the annual net assets of Flagship Investments Ltd from 1999 to 2025. For live valuation and market cap data, see FSI company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$59.55 Million ≈ $42.14 Million |
-2.17% |
| 2024-06-30 | AU$60.87 Million ≈ $43.07 Million |
+16.09% |
| 2023-06-30 | AU$52.44 Million ≈ $37.10 Million |
+5.67% |
| 2022-06-30 | AU$49.62 Million ≈ $35.11 Million |
-21.39% |
| 2021-06-30 | AU$63.12 Million ≈ $44.66 Million |
+22.47% |
| 2020-06-30 | AU$51.54 Million ≈ $36.47 Million |
+1.14% |
| 2019-06-30 | AU$50.96 Million ≈ $36.06 Million |
+7.09% |
| 2018-06-30 | AU$47.59 Million ≈ $33.67 Million |
+218.90% |
| 2017-12-31 | AU$14.92 Million ≈ $10.56 Million |
-65.97% |
| 2017-06-30 | AU$43.85 Million ≈ $31.03 Million |
+251.81% |
| 2016-12-31 | AU$12.46 Million ≈ $8.82 Million |
-71.12% |
| 2016-06-30 | AU$43.16 Million ≈ $30.54 Million |
+258.80% |
| 2015-12-31 | AU$12.03 Million ≈ $8.51 Million |
-70.99% |
| 2015-06-30 | AU$41.47 Million ≈ $29.34 Million |
+264.66% |
| 2014-12-31 | AU$11.37 Million ≈ $8.05 Million |
-71.49% |
| 2014-06-30 | AU$39.89 Million ≈ $28.23 Million |
+11.22% |
| 2013-06-30 | AU$35.87 Million ≈ $25.38 Million |
+12.65% |
| 2012-06-30 | AU$31.84 Million ≈ $22.53 Million |
-9.34% |
| 2011-06-30 | AU$35.12 Million ≈ $24.85 Million |
-9.32% |
| 2010-06-30 | AU$38.73 Million ≈ $27.40 Million |
+6.93% |
| 2009-06-30 | AU$36.22 Million ≈ $25.63 Million |
-9.75% |
| 2008-06-30 | AU$40.13 Million ≈ $28.40 Million |
+22.04% |
| 2007-06-30 | AU$32.88 Million ≈ $23.27 Million |
+21.20% |
| 2006-06-30 | AU$27.13 Million ≈ $19.20 Million |
+27.84% |
| 2005-06-30 | AU$21.22 Million ≈ $15.02 Million |
+26.33% |
| 2004-06-30 | AU$16.80 Million ≈ $11.89 Million |
+17.25% |
| 2003-06-30 | AU$14.33 Million ≈ $10.14 Million |
-7.74% |
| 2002-06-30 | AU$15.53 Million ≈ $10.99 Million |
-6.10% |
| 2001-06-30 | AU$16.54 Million ≈ $11.70 Million |
+9.40% |
| 2000-06-30 | AU$15.12 Million ≈ $10.70 Million |
+115.16% |
| 1999-06-30 | AU$7.03 Million ≈ $4.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Flagship Investments 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 728.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$36.49 Million | 61.27% |
| Other Comprehensive Income | AU$23.86 Million | 40.07% |
| Total Equity | AU$59.55 Million | 100.00% |
Flagship Investments Ltd Competitors by Market Cap
The table below lists competitors of Flagship Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Country Club Hospitality & Holidays Limited
NSE:CCHHL
|
$24.89 Million |
|
OD6 Metals Ltd
AU:OD6
|
$24.89 Million |
|
Mmcité a.s.
PR:MMCTE
|
$24.89 Million |
|
Aetherium Acquisition Corp
NASDAQ:GMFI
|
$24.90 Million |
|
Belysse Group N.V.
BR:BELYS
|
$24.88 Million |
|
Zungwon En-Sys Inc
KQ:045510
|
$24.87 Million |
|
King River Resources Ltd
AU:KRR
|
$24.85 Million |
|
DNXcorp
PA:ALDNX
|
$24.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flagship Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 60,872,000 to 59,554,000, a change of -1,318,000 (-2.2%).
- Net loss of 559,000 reduced equity.
- Dividend payments of 2,663,000 reduced retained earnings.
- Other comprehensive income decreased equity by 759,000.
- Other factors increased equity by 2,663,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-559.00K | -0.94% |
| Dividends Paid | AU$2.66 Million | -4.47% |
| Other Comprehensive Income | AU$-759.00K | -1.27% |
| Other Changes | AU$2.66 Million | +4.47% |
| Total Change | AU$- | -2.17% |
Book Value vs Market Value Analysis
This analysis compares Flagship Investments 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: 0.59x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-06-30 | AU$2.55 | AU$1.36 | x |
| 2000-06-30 | AU$5.49 | AU$1.36 | x |
| 2001-06-30 | AU$1.63 | AU$1.36 | x |
| 2002-06-30 | AU$1.17 | AU$1.36 | x |
| 2003-06-30 | AU$1.06 | AU$1.36 | x |
| 2004-06-30 | AU$1.22 | AU$1.36 | x |
| 2005-06-30 | AU$1.48 | AU$1.36 | x |
| 2006-06-30 | AU$1.65 | AU$1.36 | x |
| 2007-06-30 | AU$1.93 | AU$1.36 | x |
| 2008-06-30 | AU$1.63 | AU$1.36 | x |
| 2009-06-30 | AU$1.34 | AU$1.36 | x |
| 2010-06-30 | AU$1.45 | AU$1.36 | x |
| 2011-06-30 | AU$1.35 | AU$1.36 | x |
| 2012-06-30 | AU$1.29 | AU$1.36 | x |
| 2013-06-30 | AU$1.48 | AU$1.36 | x |
| 2014-06-30 | AU$1.65 | AU$1.36 | x |
| 2015-06-30 | AU$1.69 | AU$1.36 | x |
| 2016-06-30 | AU$1.70 | AU$1.36 | x |
| 2017-06-30 | AU$1.72 | AU$1.36 | x |
| 2018-06-30 | AU$1.87 | AU$1.36 | x |
| 2019-06-30 | AU$2.00 | AU$1.36 | x |
| 2020-06-30 | AU$2.02 | AU$1.36 | x |
| 2021-06-30 | AU$2.47 | AU$1.36 | x |
| 2022-06-30 | AU$1.58 | AU$1.36 | x |
| 2023-06-30 | AU$2.03 | AU$1.36 | x |
| 2024-06-30 | AU$2.35 | AU$1.36 | x |
| 2025-06-30 | AU$2.30 | AU$1.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flagship Investments 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): -0.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.90%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.40x
- Recent ROE (-0.94%) is below the historical average (3.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 11.73% | 0.00% | 0.00x | 1.06x | AU$121.40K |
| 2000 | 9.37% | 0.00% | 0.00x | 1.07x | AU$-95.70K |
| 2001 | 10.12% | 70.69% | 0.13x | 1.12x | AU$20.20K |
| 2002 | -4.76% | 0.00% | -0.07x | 1.08x | AU$-2.29 Million |
| 2003 | -11.77% | -355.16% | 0.03x | 1.01x | AU$-3.12 Million |
| 2004 | 1.72% | 107.84% | 0.02x | 1.01x | AU$-1.39 Million |
| 2005 | 0.27% | 0.00% | 0.00x | 1.05x | AU$-2.06 Million |
| 2006 | 9.49% | 75.34% | 0.11x | 1.16x | AU$-137.20K |
| 2007 | 12.76% | 72.46% | 0.15x | 1.20x | AU$908.60K |
| 2008 | 7.96% | 76.73% | 0.10x | 1.02x | AU$-818.30K |
| 2009 | -1.81% | 0.00% | -0.04x | 1.00x | AU$-4.28 Million |
| 2010 | 2.83% | 54.26% | 0.05x | 1.02x | AU$-2.78 Million |
| 2011 | 2.48% | 80.82% | 0.03x | 1.00x | AU$-2.64 Million |
| 2012 | 3.26% | 76.32% | 0.04x | 1.00x | AU$-2.15 Million |
| 2013 | 0.57% | 99.51% | 0.01x | 1.04x | AU$-3.38 Million |
| 2014 | 0.82% | 99.39% | 0.01x | 1.07x | AU$-3.66 Million |
| 2014 | 3.55% | 2.54% | 1.12x | 1.25x | AU$-733.81K |
| 2015 | 2.49% | 85.22% | 0.03x | 1.04x | AU$-3.11 Million |
| 2015 | 12.51% | 9.46% | 1.12x | 1.18x | AU$301.88K |
| 2016 | 1.72% | 88.23% | 0.02x | 1.07x | AU$-3.57 Million |
| 2016 | 14.39% | 11.04% | 1.07x | 1.22x | AU$546.93K |
| 2017 | 2.28% | 92.17% | 0.02x | 1.08x | AU$-3.38 Million |
| 2017 | 11.76% | 11.33% | 0.87x | 1.19x | AU$262.54K |
| 2018 | 1.19% | 127.77% | 0.01x | 1.12x | AU$-4.19 Million |
| 2019 | 3.29% | 102.89% | 0.03x | 1.09x | AU$-3.42 Million |
| 2020 | 0.94% | 89.69% | 0.01x | 1.10x | AU$-4.67 Million |
| 2021 | -2.34% | -124.68% | 0.02x | 1.18x | AU$-7.79 Million |
| 2022 | 5.19% | 66.10% | 0.06x | 1.39x | AU$-2.39 Million |
| 2023 | -1.54% | -44.98% | 0.02x | 1.40x | AU$-6.05 Million |
| 2024 | -3.74% | -138.36% | 0.02x | 1.45x | AU$-8.36 Million |
| 2025 | -0.94% | -39.90% | 0.02x | 1.40x | AU$-6.51 Million |
Industry Comparison
This section compares Flagship Investments Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $718,320,473
- Average return on equity (ROE) among peers: -14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flagship Investments Ltd (FSI) | AU$51.80 Million | 11.73% | 0.41x | $24.88 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $61.32 Million | 3.33% | 0.06x | $57.22 Million |
| Australian Ethical Investment Ltd (AEF) | $4.32 Million | 8.17% | 0.21x | $314.92 Million |
| Australian Foundation Investment Company Ltd (AFI) | $838.34 Million | 5.86% | 0.13x | $5.89 Billion |
| Alternative Investment Trust (AIQ) | $18.14 Million | 8.58% | 0.01x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $301.56 Million | 5.39% | 0.03x | $298.12 Million |
| Amcil Ltd (AMH) | $225.89 Million | 3.40% | 0.07x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $7.55 Million | -115.52% | 0.29x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $76.70 Million | 6.78% | 0.13x | $66.00 Million |
| ARC Funds Ltd (ARC) | $4.95 Million | -77.91% | 0.59x | $3.65 Million |
| Argo Investments Ltd (ARG) | $5.64 Billion | 3.08% | 0.17x | $4.70 Billion |
About Flagship Investments Ltd
Flagship Investments Limited is a close ended equity mutual fund launched and managed by EC. Pohl & Company. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund employs a combination of fundamental and quantitative analysis with a focus on factors such as management stability, organic growth, sustainable … Read more