Hygrovest Ltd
Hygrovest Limited operates as a specialist investment company. It focuses on producing capital growth for shareholders over the medium term from investments in listed and unlisted equities and debt securities. The company was formerly known as MMJ Group Holdings Limited and changed its name to Hygrovest Limited in December 2021. Hygrovest Limited was incorporated in 2014 and is headquartered in S… Read more
Hygrovest Ltd (HGV) - Net Assets
Latest net assets as of June 2024: AU$19.21 Million AUD
Based on the latest financial reports, Hygrovest Ltd (HGV) has net assets worth AU$19.21 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$21.90 Million) and total liabilities (AU$2.68 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$19.21 Million |
| % of Total Assets | 87.76% |
| Annual Growth Rate | 14.63% |
| 5-Year Change | -56.57% |
| 10-Year Change | 434.64% |
| Growth Volatility | 130.03 |
Hygrovest Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Hygrovest 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 Hygrovest Ltd (2014–2024)
The table below shows the annual net assets of Hygrovest Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$19.21 Million | -0.85% |
| 2023-06-30 | AU$19.38 Million | -20.41% |
| 2022-06-30 | AU$24.35 Million | -39.51% |
| 2021-06-30 | AU$40.25 Million | -9.03% |
| 2020-06-30 | AU$44.25 Million | -48.33% |
| 2019-06-30 | AU$85.64 Million | +34.34% |
| 2018-06-30 | AU$63.75 Million | +52.23% |
| 2017-06-30 | AU$41.88 Million | +129.48% |
| 2016-06-30 | AU$18.25 Million | +407.74% |
| 2015-06-30 | AU$3.59 Million | -26.72% |
| 2014-06-30 | AU$4.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hygrovest 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 3021578600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$50.71 Million | 263.91% |
| Other Comprehensive Income | AU$35.00K | 0.18% |
| Total Equity | AU$19.21 Million | 100.00% |
Hygrovest Ltd Competitors by Market Cap
The table below lists competitors of Hygrovest Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gratomic Inc
PINK:CBULF
|
$5.29 Million |
|
First Andes Silver Ltd.
V:FAS
|
$5.29 Million |
|
Widodo Makmur Perkasa PT
JK:WMPP
|
$5.29 Million |
|
Balyo SA
PINK:BYYLF
|
$5.29 Million |
|
Milux Corporation Bhd
KLSE:7935
|
$5.29 Million |
|
B&B Triplewall Containers Limited
NSE:BBTCL
|
$5.28 Million |
|
ADTIGER CORP.LTD.DL-0005
F:55U
|
$5.28 Million |
|
Karolinska Development AB ser. B
ST:KDEV
|
$5.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hygrovest Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,380,000 to 19,215,000, a change of -165,000 (-0.9%).
- Net loss of 131,000 reduced equity.
- Share repurchases of 35,000 reduced equity.
- Other comprehensive income decreased equity by 46,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-131.00K | -0.68% |
| Share Repurchases | AU$35.00K | -0.18% |
| Other Comprehensive Income | AU$-46.00K | -0.24% |
| Other Changes | AU$47.00K | +0.24% |
| Total Change | AU$- | -0.85% |
Book Value vs Market Value Analysis
This analysis compares Hygrovest 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: 0.55x
- 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.
- The price-to-book ratio has increased from 0.35x to 0.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-06-30 | AU$0.14 | AU$0.05 | x |
| 2015-06-30 | AU$0.12 | AU$0.05 | x |
| 2016-06-30 | AU$0.13 | AU$0.05 | x |
| 2017-06-30 | AU$0.16 | AU$0.05 | x |
| 2018-06-30 | AU$0.29 | AU$0.05 | x |
| 2019-06-30 | AU$0.37 | AU$0.05 | x |
| 2020-06-30 | AU$0.20 | AU$0.05 | x |
| 2021-06-30 | AU$0.18 | AU$0.05 | x |
| 2022-06-30 | AU$0.11 | AU$0.05 | x |
| 2023-06-30 | AU$0.08 | AU$0.05 | x |
| 2024-06-30 | AU$0.09 | AU$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hygrovest Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.38%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.14x
- Recent ROE (-0.68%) is above the historical average (-38.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -148.19% | 0.00% | 0.00x | 1.06x | AU$-5.69 Million |
| 2016 | -80.55% | -5764.31% | 0.01x | 1.26x | AU$-16.52 Million |
| 2017 | -35.36% | -13827.63% | 0.00x | 1.59x | AU$-13.48 Million |
| 2018 | 45.50% | 13746.92% | 0.00x | 1.02x | AU$22.63 Million |
| 2019 | 25.25% | 65.14% | 0.35x | 1.12x | AU$13.06 Million |
| 2020 | -90.58% | 0.00% | -0.91x | 1.03x | AU$-44.51 Million |
| 2021 | -10.00% | 0.00% | 0.00x | 1.08x | AU$-8.05 Million |
| 2022 | -65.43% | 0.00% | -0.62x | 1.08x | AU$-18.37 Million |
| 2023 | -20.56% | 0.00% | 0.00x | 1.13x | AU$-5.92 Million |
| 2024 | -0.68% | -50.38% | 0.01x | 1.14x | AU$-2.05 Million |
Industry Comparison
This section compares Hygrovest 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 |
|---|---|---|---|---|
| Hygrovest Ltd (HGV) | AU$19.21 Million | -148.19% | 0.14x | $5.29 Million |
| 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 |