Latitude Group Holdings Ltd
Latitude Group Holdings Limited operates in digital payments, instalments, and lending business in Australia, New Zealand, and internationally. It operates through three segments: Australian and New Zealand Pay, Australia and New Zealand Money, and Other. It provides various lending products comprising latitude loans, personal loans, motor loans, and credit cards. The company offers debt consolid… Read more
Latitude Group Holdings Ltd (LFSPA) - Net Assets
Latest net assets as of December 2024: AU$1.22 Billion AUD
Based on the latest financial reports, Latitude Group Holdings Ltd (LFSPA) has net assets worth AU$1.22 Billion AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$7.88 Billion) and total liabilities (AU$6.66 Billion). 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$1.22 Billion |
| % of Total Assets | 15.53% |
| Annual Growth Rate | -9.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.33 |
Latitude Group Holdings Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Latitude Group Holdings 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 Latitude Group Holdings Ltd (2021–2024)
The table below shows the annual net assets of Latitude Group Holdings Ltd from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$1.22 Billion | -2.14% |
| 2023-12-31 | AU$1.25 Billion | -15.17% |
| 2022-12-31 | AU$1.47 Billion | -9.37% |
| 2021-12-31 | AU$1.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Latitude Group Holdings 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 4586.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | AU$1.55 Billion | 126.38% |
| Total Equity | AU$1.22 Billion | 100.00% |
Latitude Group Holdings Ltd Competitors by Market Cap
The table below lists competitors of Latitude Group Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tata Consultancy Services Limited
NSE:TCS
|
$28.40 Billion |
|
Extra Space Storage Inc
NYSE:EXR
|
$28.47 Billion |
|
Hewlett Packard Enterprise Co
NYSE:HPE
|
$28.59 Billion |
|
ENBNF
PINK:ENBNF
|
$28.61 Billion |
|
HUATEI SECS.CO GDR S/10
F:206G
|
$28.31 Billion |
|
Chugai Pharmaceutical Co. Ltd
PINK:CHGCF
|
$28.30 Billion |
|
Tapestry Inc
NYSE:TPR
|
$28.27 Billion |
|
Jiangsu Hengrui Medicine Co Ltd
SHG:600276
|
$28.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Latitude Group Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,254,400,000 to 1,224,400,000, a change of -30,000,000 (-2.4%).
- Net income of 21,600,000 contributed positively to equity growth.
- Dividend payments of 9,600,000 reduced retained earnings.
- Other factors decreased equity by 42,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$21.60 Million | +1.76% |
| Dividends Paid | AU$9.60 Million | -0.78% |
| Other Changes | AU$-42.00 Million | -3.43% |
| Total Change | AU$- | -2.39% |
Book Value vs Market Value Analysis
This analysis compares Latitude Group Holdings 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: 85.24x
- 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 66.78x to 85.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | AU$1.50 | AU$100.38 | x |
| 2022-12-31 | AU$1.46 | AU$100.38 | x |
| 2023-12-31 | AU$1.21 | AU$100.38 | x |
| 2024-12-31 | AU$1.18 | AU$100.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Latitude Group Holdings 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): 1.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.03%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 6.44x
- Recent ROE (1.76%) is above the historical average (0.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 10.31% | 16.72% | 0.12x | 5.17x | AU$4.80 Million |
| 2022 | 2.48% | 4.24% | 0.11x | 5.21x | AU$-114.33 Million |
| 2023 | -12.64% | -16.52% | 0.13x | 5.87x | AU$-283.94 Million |
| 2024 | 1.76% | 2.03% | 0.13x | 6.44x | AU$-100.84 Million |
Industry Comparison
This section compares Latitude Group Holdings Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $101,460,214
- Average return on equity (ROE) among peers: -17.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Latitude Group Holdings Ltd (LFSPA) | AU$1.22 Billion | 10.31% | 5.44x | $28.38 Billion |
| Butn Ltd (BTN) | $-907.04K | 0.00% | 0.00x | $3.40 Million |
| Earlypay Ltd (EPY) | $85.09 Million | 15.54% | 4.79x | $16.78 Million |
| FSA Group Ltd (FSA) | $83.26 Million | 18.16% | 4.23x | $26.49 Million |
| Humm Group Ltd (HUM) | $503.20 Million | 7.87% | 9.61x | $104.08 Million |
| Lawfinance Ltd (LAW) | $1.86 Million | -43.18% | 0.06x | $121.26K |
| Liberty Financial Group (LFG) | $113.60 Million | 61.80% | 63.97x | $131.44 Million |
| Moneyme Ltd (MME) | $122.89 Million | -54.20% | 12.49x | $21.95 Million |
| Propell Holdings Ltd (PHL) | $-1.28 Million | 0.00% | 0.00x | $494.63K |
| Plenti Group Ltd (PLT) | $5.42 Million | -159.04% | 28.89x | $52.83 Million |