GQG Partners Inc (GQG) - Net Assets
Based on the latest financial reports, GQG Partners Inc (GQG) has net assets worth AU$443.11 Million AUD (≈ $313.53 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$493.39 Million ≈ $349.11 Million USD) and total liabilities (AU$50.29 Million ≈ $35.58 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 GQG cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$443.11 Million |
| % of Total Assets | 89.81% |
| Annual Growth Rate | 56.45% |
| 5-Year Change | 52.39% |
| 10-Year Change | N/A |
| Growth Volatility | 120.66 |
GQG Partners Inc - Net Assets Trend (2018–2025)
This chart illustrates how GQG Partners Inc's net assets have evolved over time, based on quarterly financial data. Also explore GQG Partners Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for GQG Partners Inc (2018–2025)
The table below shows the annual net assets of GQG Partners Inc from 2018 to 2025. For live valuation and market cap data, see GQG Partners Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$443.11 Million ≈ $313.53 Million |
+6.79% |
| 2024-12-31 | AU$414.94 Million ≈ $293.60 Million |
+18.71% |
| 2023-12-31 | AU$349.54 Million ≈ $247.32 Million |
+12.00% |
| 2022-12-31 | AU$312.10 Million ≈ $220.83 Million |
+7.33% |
| 2021-12-31 | AU$290.78 Million ≈ $205.74 Million |
+365.70% |
| 2020-12-31 | AU$62.44 Million ≈ $44.18 Million |
+106.99% |
| 2019-12-31 | AU$30.17 Million ≈ $21.34 Million |
+56.26% |
| 2018-12-31 | AU$19.30 Million ≈ $13.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to GQG Partners Inc'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 850.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$183.49 Million | 41.28% |
| Common Stock | AU$260.99 Million | 58.72% |
| Total Equity | AU$444.47 Million | 100.00% |
GQG Partners Inc Competitors by Market Cap
The table below lists competitors of GQG Partners Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Teamsun Technology Co Ltd
SHG:600410
|
$3.52 Billion |
|
Sacyr SA
MC:SCYR
|
$3.52 Billion |
|
Genworth Financial Inc
NYSE:GNW
|
$3.52 Billion |
|
Jb Financial
KO:175330
|
$3.52 Billion |
|
AUTO1 Group SE
F:AG1
|
$3.52 Billion |
|
Dolby Laboratories
NYSE:DLB
|
$3.52 Billion |
|
Xi an Bright Laser Tech Co Ltd
SHG:688333
|
$3.52 Billion |
|
INDIVIOR PLC DL 050
F:2IVB
|
$3.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GQG Partners Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 415,174,000 to 444,474,000, a change of 29,300,000 (7.1%).
- Net income of 463,252,000 contributed positively to equity growth.
- Dividend payments of 439,276,000 reduced retained earnings.
- Other comprehensive income decreased equity by 284,000.
- Other factors increased equity by 5,608,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$463.25 Million | +104.22% |
| Dividends Paid | AU$439.28 Million | -98.83% |
| Other Comprehensive Income | AU$-284.00K | -0.06% |
| Other Changes | AU$5.61 Million | +1.26% |
| Total Change | AU$- | 7.06% |
Book Value vs Market Value Analysis
This analysis compares GQG Partners Inc'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: 10.98x
- 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 254.68x to 10.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.01 | AU$1.67 | x |
| 2019-12-31 | AU$0.01 | AU$1.67 | x |
| 2020-12-31 | AU$1.25 | AU$1.67 | x |
| 2021-12-31 | AU$0.10 | AU$1.67 | x |
| 2022-12-31 | AU$0.11 | AU$1.67 | x |
| 2023-12-31 | AU$0.12 | AU$1.67 | x |
| 2024-12-31 | AU$0.14 | AU$1.67 | x |
| 2025-12-31 | AU$0.15 | AU$1.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GQG Partners Inc 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): 104.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 59.45%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 1.11x
- Recent ROE (104.22%) is below the historical average (145.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 165.65% | 49.12% | 2.49x | 1.35x | AU$30.05 Million |
| 2019 | 256.25% | 67.33% | 3.06x | 1.24x | AU$74.28 Million |
| 2020 | 268.92% | 73.79% | 3.07x | 1.19x | AU$161.66 Million |
| 2021 | 104.85% | 76.61% | 1.06x | 1.29x | AU$275.79 Million |
| 2022 | 76.24% | 54.47% | 1.28x | 1.10x | AU$206.73 Million |
| 2023 | 80.83% | 54.58% | 1.33x | 1.11x | AU$247.56 Million |
| 2024 | 103.95% | 58.10% | 1.60x | 1.12x | AU$390.05 Million |
| 2025 | 104.22% | 59.45% | 1.58x | 1.11x | AU$418.80 Million |
Industry Comparison
This section compares GQG Partners Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,092,451,939
- Average return on equity (ROE) among peers: -10.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GQG Partners Inc (GQG) | AU$443.11 Million | 165.65% | 0.11x | $3.52 Billion |
| Acorn Capital Investment Fund Ltd (ACQ) | $100.23 Million | -16.95% | 0.04x | $57.22 Million |
| Australian Ethical Investment Ltd (AEF) | $6.71 Million | 6.00% | 0.29x | $314.92 Million |
| Australian Foundation Investment Company Ltd (AFI) | $4.25 Billion | 9.78% | 0.20x | $5.89 Billion |
| Alternative Investment Trust (AIQ) | $27.34 Million | 10.56% | 0.00x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $351.16 Million | 5.35% | 0.03x | $298.12 Million |
| Amcil Ltd (AMH) | $156.07 Million | 5.36% | 0.05x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $259.00K | -115.75% | 0.21x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $27.93 Million | 3.72% | 1.49x | $66.00 Million |
| ARC Funds Ltd (ARC) | $3.82 Million | -18.78% | 0.01x | $3.65 Million |
| Argo Investments Ltd (ARG) | $6.00 Billion | 4.53% | 0.15x | $4.70 Billion |
About GQG Partners Inc
GQG Partners Inc. together with its subsidiaries, is a global boutique asset management firm focused on active equity investment management internationally. The company offers several vehicles, including separately managed accounts, U.S. mutual funds, UCITS funds, private funds, managed funds (AU/NZ), U.S. collective investment trusts, Canadian managed funds, retail managed accounts, and a U.S. e… Read more