Naos Small Cap Opportunities Company Ltd
Contango MicroCap Limited is a closed-ended equity mutual fund launched and managed by Contango Asset Management Limited. The fund invests in the public equity markets of Australia. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of micro-cap companies having market capitalization between AUD$30 million and $350 million. It empl… Read more
Naos Small Cap Opportunities Company Ltd (NSC) - Net Assets
Latest net assets as of December 2025: AU$66.13 Million AUD
Based on the latest financial reports, Naos Small Cap Opportunities Company Ltd (NSC) has net assets worth AU$66.13 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$79.41 Million) and total liabilities (AU$13.28 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$66.13 Million |
| % of Total Assets | 83.28% |
| Annual Growth Rate | 3.81% |
| 5-Year Change | -59.84% |
| 10-Year Change | -64.85% |
| Growth Volatility | 33.0 |
Naos Small Cap Opportunities Company Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Naos Small Cap Opportunities Company 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 Naos Small Cap Opportunities Company Ltd (2004–2025)
The table below shows the annual net assets of Naos Small Cap Opportunities Company Ltd from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$62.73 Million | -20.75% |
| 2024-06-30 | AU$79.16 Million | -29.45% |
| 2023-06-30 | AU$112.20 Million | -6.81% |
| 2022-06-30 | AU$120.40 Million | -22.93% |
| 2021-06-30 | AU$156.22 Million | +34.85% |
| 2020-06-30 | AU$115.84 Million | -7.66% |
| 2019-06-30 | AU$125.46 Million | -19.24% |
| 2018-06-30 | AU$155.34 Million | -3.37% |
| 2017-06-30 | AU$160.75 Million | -9.92% |
| 2016-06-30 | AU$178.46 Million | +5.31% |
| 2015-06-30 | AU$169.46 Million | -6.53% |
| 2014-06-30 | AU$181.31 Million | +18.18% |
| 2013-06-30 | AU$153.41 Million | -15.40% |
| 2012-06-30 | AU$181.34 Million | -12.22% |
| 2011-06-30 | AU$206.59 Million | +14.48% |
| 2010-06-30 | AU$180.46 Million | +32.78% |
| 2009-06-30 | AU$135.90 Million | -28.71% |
| 2008-06-30 | AU$190.64 Million | +31.25% |
| 2007-06-30 | AU$145.26 Million | +95.63% |
| 2006-06-30 | AU$74.25 Million | +53.26% |
| 2005-06-30 | AU$48.45 Million | +69.28% |
| 2004-06-30 | AU$28.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Naos Small Cap 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 29920.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$176.16 Million | 280.81% |
| Other Comprehensive Income | AU$10.03 Million | 15.98% |
| Total Equity | AU$62.73 Million | 100.00% |
Naos Small Cap Opportunities Company Ltd Competitors by Market Cap
The table below lists competitors of Naos Small Cap Opportunities Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HAGA4F
SA:HAGA4F
|
$2.03K |
|
Saba Energy Ltd.
V:SABA
|
$2.03K |
|
A.I.S. AG
MU:LUM
|
$2.03K |
|
BUA CEMENT PLC
XNSA:BUACEMENT
|
$2.03K |
|
East West Properties PLC
CM:EASTN0000
|
$2.02K |
|
Malwatte Valley Plantations PLC
CM:MALN0000
|
$2.02K |
|
Sanu Gold Corp.
PINK:SNGCF
|
$2.02K |
|
Q & M DENTAL
BE:QMBN
|
$2.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Naos Small Cap Opportunities Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 79,159,000 to 62,734,000, a change of -16,425,000 (-20.7%).
- Net loss of 9,071,000 reduced equity.
- Dividend payments of 5,742,000 reduced retained earnings.
- Share repurchases of 614,000 reduced equity.
- Other comprehensive income decreased equity by 6,740,000.
- Other factors increased equity by 5,742,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-9.07 Million | -14.46% |
| Dividends Paid | AU$5.74 Million | -9.15% |
| Share Repurchases | AU$614.00K | -0.98% |
| Other Comprehensive Income | AU$-6.74 Million | -10.74% |
| Other Changes | AU$5.74 Million | +9.15% |
| Total Change | AU$- | -20.75% |
Book Value vs Market Value Analysis
This analysis compares Naos Small Cap 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: 0.71x
- 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 0.29x to 0.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | AU$1.15 | AU$0.33 | x |
| 2006-06-30 | AU$1.19 | AU$0.33 | x |
| 2007-06-30 | AU$1.82 | AU$0.33 | x |
| 2008-06-30 | AU$1.63 | AU$0.33 | x |
| 2009-06-30 | AU$1.16 | AU$0.33 | x |
| 2010-06-30 | AU$1.39 | AU$0.33 | x |
| 2011-06-30 | AU$1.40 | AU$0.33 | x |
| 2012-06-30 | AU$1.20 | AU$0.33 | x |
| 2013-06-30 | AU$1.03 | AU$0.33 | x |
| 2014-06-30 | AU$1.17 | AU$0.33 | x |
| 2015-06-30 | AU$1.07 | AU$0.33 | x |
| 2016-06-30 | AU$1.11 | AU$0.33 | x |
| 2017-06-30 | AU$0.97 | AU$0.33 | x |
| 2018-06-30 | AU$0.92 | AU$0.33 | x |
| 2019-06-30 | AU$0.74 | AU$0.33 | x |
| 2020-06-30 | AU$0.72 | AU$0.33 | x |
| 2021-06-30 | AU$1.00 | AU$0.33 | x |
| 2022-06-30 | AU$0.81 | AU$0.33 | x |
| 2023-06-30 | AU$0.80 | AU$0.33 | x |
| 2024-06-30 | AU$0.58 | AU$0.33 | x |
| 2025-06-30 | AU$0.47 | AU$0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Naos Small Cap Opportunities Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.08x
- • Equity Multiplier: 1.21x
- Recent ROE (-14.46%) is below the historical average (0.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 1.45% | 63.79% | 0.02x | 1.03x | AU$-2.45 Million |
| 2005 | 7.03% | 12.31% | 0.55x | 1.04x | AU$-1.44 Million |
| 2006 | 23.41% | 61.98% | 0.32x | 1.18x | AU$9.96 Million |
| 2007 | 37.34% | 61.43% | 0.48x | 1.28x | AU$39.71 Million |
| 2008 | -8.27% | 0.00% | -0.10x | 1.05x | AU$-34.84 Million |
| 2009 | -37.20% | 0.00% | -0.51x | 1.02x | AU$-64.15 Million |
| 2010 | 10.14% | 63.71% | 0.16x | 1.01x | AU$244.30K |
| 2011 | 20.42% | 66.93% | 0.28x | 1.08x | AU$21.52 Million |
| 2012 | -11.43% | 0.00% | -0.15x | 1.04x | AU$-37.95 Million |
| 2013 | -5.16% | 0.00% | -0.04x | 1.02x | AU$-23.26 Million |
| 2014 | 17.94% | 67.30% | 0.25x | 1.07x | AU$14.40 Million |
| 2015 | -0.43% | -14.31% | 0.02x | 1.22x | AU$-17.68 Million |
| 2016 | 9.67% | 60.00% | 0.13x | 1.27x | AU$-596.40K |
| 2017 | -8.64% | 0.00% | -0.07x | 1.24x | AU$-29.97 Million |
| 2018 | 3.05% | 61.94% | 0.04x | 1.22x | AU$-10.79 Million |
| 2019 | -14.11% | 0.00% | -0.15x | 1.22x | AU$-30.25 Million |
| 2020 | 1.22% | 31.29% | 0.03x | 1.23x | AU$-10.17 Million |
| 2021 | 32.98% | 69.13% | 0.37x | 1.27x | AU$35.91 Million |
| 2022 | -16.44% | 0.00% | -0.18x | 1.28x | AU$-31.83 Million |
| 2023 | 2.33% | 76.54% | 0.02x | 1.31x | AU$-8.61 Million |
| 2024 | -30.67% | 0.00% | -0.27x | 1.41x | AU$-32.20 Million |
| 2025 | -14.46% | 0.00% | -0.08x | 1.21x | AU$-15.34 Million |
Industry Comparison
This section compares Naos Small Cap 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: $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 |
|---|---|---|---|---|
| Naos Small Cap Opportunities Company Ltd (NSC) | AU$66.13 Million | 1.45% | 0.20x | $2.02K |
| 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 |