L1 Global Long Short Fund Limited

AU:GLS Australia Asset Management
Market Cap
$10.61K
AU$17.13K AUD
Market Cap Rank
#44840 Global
#1528 in Australia
Share Price
AU$1.77
Change (1 day)
-5.36%
52-Week Range
AU$1.67 - AU$2.08
All Time High
AU$2.08
Categories
Companies in Australia Asset Management Banking & Financial
About

L1 Global Long Short Fund Limited is a closed-ended equity mutual fund launched and managed by L1 Capital Pty. Limited. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies. The fund employs fundamental analysis with a bottom up approach to create its portfolio. It benchmarks… Read more

L1 Global Long Short Fund Limited (GLS) - Net Assets

Latest net assets as of June 2025: AU$440.04 Million AUD

Based on the latest financial reports, L1 Global Long Short Fund Limited (GLS) has net assets worth AU$440.04 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$459.02 Million) and total liabilities (AU$18.98 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$440.04 Million
% of Total Assets 95.87%
Annual Growth Rate 5.18%
5-Year Change -5.66%
10-Year Change 28.59%
Growth Volatility 1676.68

L1 Global Long Short Fund Limited - Net Assets Trend (1995–2025)

This chart illustrates how L1 Global Long Short Fund Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for L1 Global Long Short Fund Limited (1995–2025)

The table below shows the annual net assets of L1 Global Long Short Fund Limited from 1995 to 2025.

Year Net Assets Change
2025-06-30 AU$440.04 Million -1.41%
2024-06-30 AU$446.33 Million -1.10%
2023-06-30 AU$451.30 Million +5.18%
2022-06-30 AU$429.06 Million -8.01%
2021-06-30 AU$466.43 Million +12.85%
2020-06-30 AU$413.33 Million -6.29%
2019-06-30 AU$441.05 Million -6.42%
2018-06-30 AU$471.29 Million +5.77%
2017-06-30 AU$445.58 Million +30.20%
2016-06-30 AU$342.21 Million -9.60%
2015-06-30 AU$378.57 Million +7.25%
2014-06-30 AU$353.00 Million +50.25%
2013-06-30 AU$234.94 Million +31.17%
2012-06-30 AU$179.12 Million -10.06%
2011-06-30 AU$199.15 Million -9.04%
2010-06-30 AU$218.93 Million +11.35%
2009-06-30 AU$196.61 Million +18.00%
2008-06-30 AU$166.62 Million -18.29%
2007-06-30 AU$203.92 Million -1.76%
2006-06-30 AU$207.57 Million +19.71%
2005-06-30 AU$173.40 Million -3.89%
2004-06-30 AU$180.41 Million +4.34%
2003-06-30 AU$172.90 Million -1.16%
2002-06-30 AU$174.94 Million +5.36%
2001-06-30 AU$166.05 Million +25.89%
2000-06-30 AU$131.90 Million +9341.73%
1999-06-30 AU$1.40 Million -98.69%
1998-06-30 AU$106.53 Million -1.81%
1997-06-30 AU$108.48 Million +4.57%
1996-06-30 AU$103.75 Million +7.28%
1995-06-30 AU$96.71 Million --

Equity Component Analysis

This analysis shows how different components contribute to L1 Global Long Short Fund Limited'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 4705500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$43.66 Million 9.92%
Common Stock AU$396.38 Million 90.08%
Total Equity AU$440.04 Million 100.00%

L1 Global Long Short Fund Limited Competitors by Market Cap

The table below lists competitors of L1 Global Long Short Fund Limited ranked by their market capitalization.

Company Market Cap
AGRIPOWER FRANCE EO-1
F:9PS
 		$10.74K
REALTECH (RTC.SG)
STU:RTC
 		$10.75K
Mars Semiconductor Corp.
TWO:6708
 		$10.75K
Ferreycorp S.A.A.
LIM:FERREYC1
 		$10.75K
El Kahera El Watania Investment
EGX:KWIN
 		$10.71K
ARISINFRA
NSE:ARISINFRA
 		$10.70K
FLUIDIGM
BE:FLB
 		$10.69K
CHINA AVIATION OIL
BE:VZ8
 		$10.69K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in L1 Global Long Short Fund Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 446,329,000 to 440,043,000, a change of -6,286,000 (-1.4%).
  • Net income of 9,703,000 contributed positively to equity growth.
  • Dividend payments of 16,046,000 reduced retained earnings.
  • Share repurchases of 57,000 reduced equity.
  • Other comprehensive income decreased equity by 126,767,000.
  • Other factors increased equity by 126,881,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$9.70 Million +2.21%
Dividends Paid AU$16.05 Million -3.65%
Share Repurchases AU$57.00K -0.01%
Other Comprehensive Income AU$-126.77 Million -28.81%
Other Changes AU$126.88 Million +28.83%
Total Change AU$- -1.41%

Book Value vs Market Value Analysis

This analysis compares L1 Global Long Short Fund Limited'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: 1.19x
  • 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 1.88x to 1.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-06-30 AU$0.94 AU$1.77 x
1996-06-30 AU$1.01 AU$1.77 x
1997-06-30 AU$1.05 AU$1.77 x
1998-06-30 AU$1.04 AU$1.77 x
1999-06-30 AU$1.03 AU$1.77 x
2000-06-30 AU$1.23 AU$1.77 x
2001-06-30 AU$1.51 AU$1.77 x
2002-06-30 AU$1.55 AU$1.77 x
2003-06-30 AU$1.49 AU$1.77 x
2004-06-30 AU$1.52 AU$1.77 x
2005-06-30 AU$1.41 AU$1.77 x
2006-06-30 AU$1.69 AU$1.77 x
2007-06-30 AU$1.62 AU$1.77 x
2008-06-30 AU$1.30 AU$1.77 x
2009-06-30 AU$1.40 AU$1.77 x
2010-06-30 AU$1.41 AU$1.77 x
2011-06-30 AU$1.20 AU$1.77 x
2012-06-30 AU$1.07 AU$1.77 x
2013-06-30 AU$1.41 AU$1.77 x
2014-06-30 AU$1.74 AU$1.77 x
2015-06-30 AU$1.63 AU$1.77 x
2016-06-30 AU$1.46 AU$1.77 x
2017-06-30 AU$1.79 AU$1.77 x
2018-06-30 AU$1.65 AU$1.77 x
2019-06-30 AU$1.54 AU$1.77 x
2020-06-30 AU$1.43 AU$1.77 x
2021-06-30 AU$1.60 AU$1.77 x
2022-06-30 AU$1.46 AU$1.77 x
2023-06-30 AU$1.53 AU$1.77 x
2024-06-30 AU$1.51 AU$1.77 x
2025-06-30 AU$1.49 AU$1.77 x

Capital Efficiency Dashboard

This dashboard shows how efficiently L1 Global Long Short Fund Limited 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): 2.21%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 46.47%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 1.04x
  • Recent ROE (2.21%) is below the historical average (6.55%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 -3.41% 0.00% 0.00x 1.02x AU$-12.96 Million
1996 12.57% 0.00% 0.00x 1.16x AU$2.67 Million
1997 7.13% 0.00% 0.00x 1.07x AU$-3.11 Million
1998 9.20% 0.00% 0.00x 1.14x AU$-849.60K
1999 6.50% 0.00% 0.00x 1.17x AU$-3.76 Million
2000 25.35% 0.00% 0.00x 1.16x AU$20.24 Million
2001 27.66% 62.04% 0.40x 1.11x AU$29.32 Million
2002 11.38% 43.59% 0.23x 1.13x AU$2.42 Million
2003 -1.32% -12.23% 0.10x 1.03x AU$-19.56 Million
2004 10.61% 3844.78% 0.00x 1.01x AU$1.11 Million
2005 2.93% 32.80% 0.09x 1.02x AU$-12.26 Million
2006 16.60% 65.31% 0.24x 1.08x AU$13.71 Million
2007 4.47% 45.13% 0.09x 1.05x AU$-11.28 Million
2008 -14.32% 0.00% -0.18x 1.00x AU$-40.52 Million
2009 10.46% 52.84% 0.19x 1.04x AU$905.60K
2010 7.87% 61.60% 0.13x 1.01x AU$-4.66 Million
2011 -4.41% 0.00% -0.04x 1.03x AU$-28.69 Million
2012 -9.80% 0.00% -0.06x 1.03x AU$-35.46 Million
2013 25.03% 74.26% 0.31x 1.07x AU$35.31 Million
2014 9.32% 62.29% 0.14x 1.07x AU$-2.42 Million
2015 11.84% 63.74% 0.18x 1.06x AU$6.97 Million
2016 -5.48% 0.00% -0.06x 1.03x AU$-52.99 Million
2017 11.21% 65.46% 0.16x 1.06x AU$5.37 Million
2018 10.68% 64.41% 0.15x 1.07x AU$3.22 Million
2019 -0.08% -6.33% 0.01x 1.04x AU$-44.48 Million
2020 -2.45% 0.00% -0.02x 1.01x AU$-51.46 Million
2021 14.64% 66.02% 0.21x 1.06x AU$21.63 Million
2022 -4.53% 0.00% -0.05x 1.02x AU$-62.33 Million
2023 8.39% 62.49% 0.13x 1.03x AU$-7.25 Million
2024 2.87% 44.75% 0.06x 1.03x AU$-31.84 Million
2025 2.21% 46.47% 0.05x 1.04x AU$-34.30 Million

Industry Comparison

This section compares L1 Global Long Short Fund Limited'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
L1 Global Long Short Fund Limited (GLS) AU$440.04 Million -3.41% 0.04x $10.72K
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