H&G High Conviction Ltd
H&G High Conviction Ltd operates in various business sectors.
H&G High Conviction Ltd (HCF) - Net Assets
Latest net assets as of June 2025: AU$249.88K AUD
Based on the latest financial reports, H&G High Conviction Ltd (HCF) has net assets worth AU$249.88K 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$271.80K) and total liabilities (AU$21.92K). 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$249.88K |
| % of Total Assets | 91.94% |
| Annual Growth Rate | -61.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 88.73 |
H&G High Conviction Ltd - Net Assets Trend (2021–2025)
This chart illustrates how H&G High Conviction 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 H&G High Conviction Ltd (2021–2025)
The table below shows the annual net assets of H&G High Conviction Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$249.88K | -99.04% |
| 2024-06-30 | AU$26.11 Million | +1.15% |
| 2023-06-30 | AU$25.81 Million | +118.09% |
| 2021-06-30 | AU$11.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to H&G High Conviction 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 180599000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$2.06 Million | 822.77% |
| Total Equity | AU$249.87K | 100.00% |
H&G High Conviction Ltd Competitors by Market Cap
The table below lists competitors of H&G High Conviction Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nusantara Inti Corpora Tbk
JK:UNIT
|
$180.42 |
|
KLONDIKE SILVER
BE:K1SN
|
$180.79 |
|
Vista Land and Lifescapes Inc
PSE:VLL
|
$181.11 |
|
Toggle3D.ai Inc.
PINK:TGGLF
|
$181.34 |
|
Viaderma Inc
PINK:VDRM
|
$179.93 |
|
PLD CORPORATION
BE:P8O
|
$179.47 |
|
UNIVERSAL PARTNERS LTD (GBP)
SEM:UPL
|
$179.07 |
|
Dost Steels Ltd
KAR:DSL
|
$179.00 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H&G High Conviction Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,110,440 to 249,870, a change of -25,860,570 (-99.0%).
- Net loss of 2,875,340 reduced equity.
- Dividend payments of 500,161 reduced retained earnings.
- Share repurchases of 4,031,722 reduced equity.
- Other factors decreased equity by 18,453,347.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.88 Million | -1150.73% |
| Dividends Paid | AU$500.16K | -200.17% |
| Share Repurchases | AU$4.03 Million | -1613.53% |
| Other Changes | AU$-18.45 Million | -7385.18% |
| Total Change | AU$- | -99.04% |
Book Value vs Market Value Analysis
This analysis compares H&G High Conviction 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: 3.01x
- 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 increased from 0.06x to 3.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.54 | AU$0.03 | x |
| 2023-06-30 | AU$1.03 | AU$0.03 | x |
| 2024-06-30 | AU$1.04 | AU$0.03 | x |
| 2025-06-30 | AU$0.01 | AU$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H&G High Conviction Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1150.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -11.44x
- • Equity Multiplier: 1.09x
- Recent ROE (-1150.73%) is below the historical average (-284.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.37x | 1.04x | AU$-1.18 Million |
| 2023 | 6.66% | 58.07% | 0.11x | 1.08x | AU$-860.94K |
| 2024 | 4.98% | 55.39% | 0.08x | 1.08x | AU$-1.31 Million |
| 2025 | -1150.73% | 0.00% | -11.44x | 1.09x | AU$-2.90 Million |
Industry Comparison
This section compares H&G High Conviction Ltd'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 |
|---|---|---|---|---|
| H&G High Conviction Ltd (HCF) | AU$249.88K | 0.00% | 0.09x | $180.31 |
| 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 |