Morphic Ethical Equities Fund Ltd
Morphic Ethical Equities Fund Limited is an equity mutual fund launched and managed by Morphic Asset Management Pty Limited. The fund invests in public equity markets across the globe. It also invests in derivatives. The fund invests in stocks of companies across diversified market capitalizations. It invests in value, growth, and momentum stocks of companies. The fund employs long and short stra… Read more
Morphic Ethical Equities Fund Ltd (MEC) - Net Assets
Latest net assets as of June 2025: AU$41.51 Million AUD
Based on the latest financial reports, Morphic Ethical Equities Fund Ltd (MEC) has net assets worth AU$41.51 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$44.26 Million) and total liabilities (AU$2.75 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$41.51 Million |
| % of Total Assets | 93.79% |
| Annual Growth Rate | -18.78% |
| 5-Year Change | -43.27% |
| 10-Year Change | N/A |
| Growth Volatility | 29.94 |
Morphic Ethical Equities Fund Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Morphic Ethical Equities Fund 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 Morphic Ethical Equities Fund Ltd (2016–2025)
The table below shows the annual net assets of Morphic Ethical Equities Fund Ltd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | AU$41.51 Million | +0.40% |
| 2024-09-30 | AU$41.34 Million | -34.01% |
| 2023-09-30 | AU$62.65 Million | +6.25% |
| 2022-09-30 | AU$58.96 Million | -19.41% |
| 2021-09-30 | AU$73.16 Million | +19.67% |
| 2020-09-30 | AU$61.14 Million | +2.61% |
| 2019-09-30 | AU$59.58 Million | +13.38% |
| 2018-09-30 | AU$52.55 Million | +6.99% |
| 2017-09-30 | AU$49.11 Million | -81.80% |
| 2016-09-30 | AU$269.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Morphic Ethical Equities Fund 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 2045119100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$35.45 Million | 85.40% |
| Other Comprehensive Income | AU$26.51 Million | 63.87% |
| Total Equity | AU$41.51 Million | 100.00% |
Morphic Ethical Equities Fund Ltd Competitors by Market Cap
The table below lists competitors of Morphic Ethical Equities Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forward Science Corp.
TWO:7530
|
$7.04K |
|
MAURITIUS SECONDARY INDUSTRIES LTD
SEM:MSIL
|
$7.04K |
|
Logistics Development Group PLC
LSE:LDG
|
$7.05K |
|
BEEF3F
SA:BEEF3F
|
$7.05K |
|
L1 Group Limited
AU:L1G
|
$7.03K |
|
Intercede Group
LSE:IGP
|
$7.03K |
|
Altavoz Entertainment Inc
PINK:AVOZ
|
$7.02K |
|
NETGEM (NGP.SG)
STU:NGP
|
$7.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morphic Ethical Equities Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 41,341,534 to 41,506,418, a change of 164,884 (0.4%).
- Net income of 5,444,085 contributed positively to equity growth.
- Share repurchases of 5,366,302 reduced equity.
- Other comprehensive income increased equity by 5,444,085.
- Other factors decreased equity by 5,356,984.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$5.44 Million | +13.12% |
| Share Repurchases | AU$5.37 Million | -12.93% |
| Other Comprehensive Income | AU$5.44 Million | +13.12% |
| Other Changes | AU$-5.36 Million | -12.91% |
| Total Change | AU$- | 0.40% |
Book Value vs Market Value Analysis
This analysis compares Morphic Ethical Equities Fund 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: 1.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | AU$1.08 | AU$1.15 | x |
| 2018-09-30 | AU$1.16 | AU$1.15 | x |
| 2019-09-30 | AU$1.16 | AU$1.15 | x |
| 2020-09-30 | AU$1.16 | AU$1.15 | x |
| 2021-09-30 | AU$1.38 | AU$1.15 | x |
| 2022-09-30 | AU$1.11 | AU$1.15 | x |
| 2023-09-30 | AU$1.17 | AU$1.15 | x |
| 2024-09-30 | AU$0.90 | AU$1.15 | x |
| 2025-09-30 | AU$1.15 | AU$1.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morphic Ethical Equities Fund Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.06%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.07x
- Recent ROE (13.12%) is above the historical average (3.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.58% | 26.79% | 0.01x | 1.48x | AU$-4.63 Million |
| 2018 | 7.25% | 54.31% | 0.10x | 1.38x | AU$-1.44 Million |
| 2019 | 2.36% | 33.35% | 0.04x | 1.72x | AU$-4.55 Million |
| 2020 | 3.98% | 44.81% | 0.07x | 1.26x | AU$-3.68 Million |
| 2021 | 19.05% | 64.61% | 0.24x | 1.23x | AU$6.62 Million |
| 2022 | -25.60% | -1703.26% | 0.01x | 1.06x | AU$-20.99 Million |
| 2023 | 12.07% | 63.38% | 0.19x | 1.02x | AU$1.29 Million |
| 2024 | -2.30% | -508.47% | 0.00x | 1.01x | AU$-5.08 Million |
| 2025 | 13.12% | 67.06% | 0.18x | 1.07x | AU$1.29 Million |
Industry Comparison
This section compares Morphic Ethical Equities Fund 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 |
|---|---|---|---|---|
| Morphic Ethical Equities Fund Ltd (MEC) | AU$41.51 Million | 0.58% | 0.07x | $7.04K |
| 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 |