Naos Emerging Opportunities Company Ltd (NCC) - Net Assets
Based on the latest financial reports, Naos Emerging Opportunities Company Ltd (NCC) has net assets worth AU$36.84 Million AUD (≈ $26.07 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$60.20 Million ≈ $42.60 Million USD) and total liabilities (AU$23.36 Million ≈ $16.53 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 NCC financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$36.84 Million |
| % of Total Assets | 61.2% |
| Annual Growth Rate | 6.01% |
| 5-Year Change | -57.31% |
| 10-Year Change | -33.5% |
| Growth Volatility | 40.59 |
Naos Emerging Opportunities Company Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Naos Emerging Opportunities Company Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Naos Emerging Opportunities Company Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Naos Emerging Opportunities Company Ltd (2013–2025)
The table below shows the annual net assets of Naos Emerging Opportunities Company Ltd from 2013 to 2025. For live valuation and market cap data, see NCC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$36.84 Million ≈ $26.07 Million |
-6.75% |
| 2024-06-30 | AU$39.51 Million ≈ $27.96 Million |
-36.37% |
| 2023-06-30 | AU$62.10 Million ≈ $43.94 Million |
-8.72% |
| 2022-06-30 | AU$68.02 Million ≈ $48.13 Million |
-21.17% |
| 2021-06-30 | AU$86.29 Million ≈ $61.06 Million |
+46.21% |
| 2020-06-30 | AU$59.02 Million ≈ $41.76 Million |
-5.01% |
| 2019-06-30 | AU$62.13 Million ≈ $43.96 Million |
-15.67% |
| 2018-06-30 | AU$73.68 Million ≈ $52.13 Million |
+0.69% |
| 2017-06-30 | AU$73.18 Million ≈ $51.78 Million |
+32.09% |
| 2016-06-30 | AU$55.40 Million ≈ $39.20 Million |
+10.21% |
| 2015-06-30 | AU$50.27 Million ≈ $35.57 Million |
+22.33% |
| 2014-06-30 | AU$41.09 Million ≈ $29.07 Million |
+124.60% |
| 2013-06-30 | AU$18.30 Million ≈ $12.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Naos Emerging Opportunities Company 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 5567.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$78.02 Million | 211.78% |
| Other Comprehensive Income | AU$19.39 Million | 52.63% |
| Total Equity | AU$36.84 Million | 100.00% |
Naos Emerging Opportunities Company Ltd Competitors by Market Cap
The table below lists competitors of Naos Emerging Opportunities Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanogroup SA
WAR:NNG
|
$21.95 Million |
|
SAMJIN Co. Ltd
KQ:032750
|
$21.96 Million |
|
ALUMEXX N.V. NAM. EO-10
F:NE8F
|
$21.97 Million |
|
Zodiac Clothing Company Limited
NSE:ZODIACLOTH
|
$21.98 Million |
|
Alpha Group International plc
LSE:ALPH
|
$21.92 Million |
|
JIN MEDICAL INTERNATIONAL LTD. Ordinary Shares
NASDAQ:ZJYL
|
$21.92 Million |
|
Fancamp Exploration Ltd.
V:FNC
|
$21.92 Million |
|
Pulsenmore Ltd. Ordinary Shares
NASDAQ:PLSM
|
$21.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Naos Emerging Opportunities Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,509,175 to 36,840,741, a change of -2,668,434 (-6.8%).
- Net income of 283,550 contributed positively to equity growth.
- Dividend payments of 2,602,905 reduced retained earnings.
- Share repurchases of 351,897 reduced equity.
- Other comprehensive income decreased equity by 2,668,434.
- Other factors increased equity by 2,671,252.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$283.55K | +0.77% |
| Dividends Paid | AU$2.60 Million | -7.07% |
| Share Repurchases | AU$351.90K | -0.96% |
| Other Comprehensive Income | AU$-2.67 Million | -7.24% |
| Other Changes | AU$2.67 Million | +7.25% |
| Total Change | AU$- | -6.75% |
Book Value vs Market Value Analysis
This analysis compares Naos Emerging Opportunities Company 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: 0.84x
- 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 0.40x to 0.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$1.06 | AU$0.42 | x |
| 2014-06-30 | AU$1.17 | AU$0.42 | x |
| 2015-06-30 | AU$1.23 | AU$0.42 | x |
| 2016-06-30 | AU$1.18 | AU$0.42 | x |
| 2017-06-30 | AU$1.51 | AU$0.42 | x |
| 2018-06-30 | AU$1.24 | AU$0.42 | x |
| 2019-06-30 | AU$1.04 | AU$0.42 | x |
| 2020-06-30 | AU$0.96 | AU$0.42 | x |
| 2021-06-30 | AU$1.33 | AU$0.42 | x |
| 2022-06-30 | AU$0.93 | AU$0.42 | x |
| 2023-06-30 | AU$0.85 | AU$0.42 | x |
| 2024-06-30 | AU$0.54 | AU$0.42 | x |
| 2025-06-30 | AU$0.50 | AU$0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Naos Emerging Opportunities Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.48%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.63x
- Recent ROE (0.77%) is above the historical average (-0.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.06% | 81.32% | 0.07x | 1.08x | AU$-721.69K |
| 2014 | 11.81% | 71.44% | 0.14x | 1.22x | AU$745.70K |
| 2015 | 0.18% | 56.04% | 0.00x | 1.09x | AU$-4.93 Million |
| 2016 | 14.56% | 66.22% | 0.20x | 1.09x | AU$2.52 Million |
| 2017 | 6.27% | 63.08% | 0.09x | 1.08x | AU$-2.73 Million |
| 2018 | 5.60% | 65.68% | 0.08x | 1.05x | AU$-3.24 Million |
| 2019 | -12.08% | 0.00% | -0.14x | 1.03x | AU$-13.72 Million |
| 2020 | -1.01% | 0.00% | 0.00x | 1.01x | AU$-6.50 Million |
| 2021 | 23.95% | 70.83% | 0.26x | 1.32x | AU$12.04 Million |
| 2022 | -18.81% | 0.00% | -0.18x | 1.35x | AU$-19.60 Million |
| 2023 | -0.74% | 0.00% | 0.00x | 1.37x | AU$-6.67 Million |
| 2024 | -44.70% | 0.00% | -0.32x | 1.59x | AU$-21.61 Million |
| 2025 | 0.77% | 8.48% | 0.06x | 1.63x | AU$-3.40 Million |
Industry Comparison
This section compares Naos Emerging Opportunities Company Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $523,870,070
- Average return on equity (ROE) among peers: 5.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Naos Emerging Opportunities Company Ltd (NCC) | AU$36.84 Million | 6.06% | 0.63x | $21.93 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $62.59 Million | -0.91% | 0.05x | $58.49 Million |
| Australian Ethical Investment Ltd (AEF) | $7.63 Million | 16.82% | 0.48x | $315.72 Million |
| Australian Foundation Investment Company Ltd (AFI) | $816.90 Million | 4.91% | 0.14x | $5.88 Billion |
| Alternative Investment Trust (AIQ) | $42.68 Million | 16.92% | 0.00x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $290.00 Million | 3.30% | 0.01x | $299.38 Million |
| Amcil Ltd (AMH) | $183.46 Million | 4.13% | 0.06x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $8.90 Million | -7.21% | 0.48x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $51.27 Million | -12.17% | 2.18x | $66.00 Million |
| ARC Funds Ltd (ARC) | $13.27 Million | 26.50% | 0.20x | $3.65 Million |
| Argo Investments Ltd (ARG) | $3.76 Billion | 4.65% | 0.13x | $4.71 Billion |
About Naos Emerging Opportunities Company Ltd
NAOS Emerging Opportunities Company Limited is a closed-ended equity mutual fund launched and managed by Naos Asset Management Limited. The fund invests in public equity markets of Australia. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in value stocks of emerging companies outside the S&P/ASX 100 Accumulation Index. It employs long/sho… Read more