Ophir High Conviction Fund (OPH) - Net Assets
Based on the latest financial reports, Ophir High Conviction Fund (OPH) has net assets worth AU$641.50 Million AUD (≈ $453.90 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$670.18 Million ≈ $474.19 Million USD) and total liabilities (AU$28.68 Million ≈ $20.29 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. Read Ophir High Conviction Fund total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$641.50 Million |
| % of Total Assets | 95.72% |
| Annual Growth Rate | 14.67% |
| 5-Year Change | 11.6% |
| 10-Year Change | N/A |
| Growth Volatility | 56.69 |
Ophir High Conviction Fund - Net Assets Trend (2017–2024)
This chart illustrates how Ophir High Conviction Fund's net assets have evolved over time, based on quarterly financial data. Also explore OPH total asset value for the complete picture of this company's asset base.
Annual Net Assets for Ophir High Conviction Fund (2017–2024)
The table below shows the annual net assets of Ophir High Conviction Fund from 2017 to 2024. For live valuation and market cap data, see Ophir High Conviction Fund market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$641.50 Million ≈ $453.90 Million |
+9.36% |
| 2023-06-30 | AU$586.61 Million ≈ $415.06 Million |
+17.76% |
| 2022-06-30 | AU$498.14 Million ≈ $352.46 Million |
-24.37% |
| 2021-06-30 | AU$658.66 Million ≈ $466.05 Million |
+14.58% |
| 2020-06-30 | AU$574.84 Million ≈ $406.74 Million |
+10.31% |
| 2019-06-30 | AU$521.13 Million ≈ $368.74 Million |
-17.80% |
| 2018-06-30 | AU$633.96 Million ≈ $448.57 Million |
+157.71% |
| 2017-06-30 | AU$246.00 Million ≈ $174.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ophir High Conviction Fund'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | AU$641.50 Million | 100.00% |
| Total Equity | AU$641.50 Million | 100.00% |
Ophir High Conviction Fund Competitors by Market Cap
The table below lists competitors of Ophir High Conviction Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Yupont Electric Power Technology Co Ltd
SHG:688597
|
$411.11 Million |
|
Cafe24 Corp
KQ:042000
|
$411.27 Million |
|
Hsin Kuang Steel Co Ltd
TW:2031
|
$411.29 Million |
|
Dongnan Electronics Co. Ltd. A
SHE:301359
|
$411.33 Million |
|
Fastned B.V.
AS:FAST
|
$410.84 Million |
|
Guangdong Anjubao Digital Tech
SHE:300155
|
$410.63 Million |
|
Priority Technology Holdings Inc
NASDAQ:PRTH
|
$410.60 Million |
|
RPG Life Sciences Limited
NSE:RPGLIFE
|
$410.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ophir High Conviction Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 586,607,000 to 641,500,000, a change of 54,893,000 (9.4%).
- Net income of 64,146,000 contributed positively to equity growth.
- Other factors decreased equity by 9,253,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$64.15 Million | +10.0% |
| Other Changes | AU$-9.25 Million | -1.44% |
| Total Change | AU$- | 9.36% |
Book Value vs Market Value Analysis
This analysis compares Ophir High Conviction Fund'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: 0.91x
- 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 decreased from 2.12x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$1.23 | AU$2.61 | x |
| 2018-06-30 | AU$3.17 | AU$2.61 | x |
| 2019-06-30 | AU$2.61 | AU$2.61 | x |
| 2020-06-30 | AU$2.88 | AU$2.61 | x |
| 2021-06-30 | AU$3.30 | AU$2.61 | x |
| 2022-06-30 | AU$2.34 | AU$2.61 | x |
| 2023-06-30 | AU$2.67 | AU$2.61 | x |
| 2024-06-30 | AU$2.88 | AU$2.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ophir High Conviction Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 85.25%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.04x
- Recent ROE (10.00%) is above the historical average (5.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.04x | 1.03x | AU$-24.60 Million |
| 2018 | 0.00% | 0.00% | 0.18x | 1.05x | AU$-63.40 Million |
| 2019 | 18.17% | 240.95% | 0.07x | 1.01x | AU$42.60 Million |
| 2020 | 9.50% | 68.19% | 0.13x | 1.04x | AU$-2.85 Million |
| 2021 | 24.38% | 94.02% | 0.23x | 1.12x | AU$94.71 Million |
| 2022 | -34.82% | 0.00% | -0.31x | 1.07x | AU$-223.26 Million |
| 2023 | 16.65% | 90.26% | 0.18x | 1.05x | AU$38.99 Million |
| 2024 | 10.00% | 85.25% | 0.11x | 1.04x | AU$-4.00K |
Industry Comparison
This section compares Ophir High Conviction Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $718,320,473
- Average return on equity (ROE) among peers: -14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ophir High Conviction Fund (OPH) | AU$641.50 Million | 0.00% | 0.04x | $411.08 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $61.32 Million | 3.33% | 0.06x | $57.22 Million |
| Australian Ethical Investment Ltd (AEF) | $4.32 Million | 8.17% | 0.21x | $314.92 Million |
| Australian Foundation Investment Company Ltd (AFI) | $838.34 Million | 5.86% | 0.13x | $5.89 Billion |
| Alternative Investment Trust (AIQ) | $18.14 Million | 8.58% | 0.01x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $301.56 Million | 5.39% | 0.03x | $298.12 Million |
| Amcil Ltd (AMH) | $225.89 Million | 3.40% | 0.07x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $7.55 Million | -115.52% | 0.29x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $76.70 Million | 6.78% | 0.13x | $66.00 Million |
| ARC Funds Ltd (ARC) | $4.95 Million | -77.91% | 0.59x | $3.65 Million |
| Argo Investments Ltd (ARG) | $5.64 Billion | 3.08% | 0.17x | $4.70 Billion |
About Ophir High Conviction Fund
Ophir Asset Management Pty Ltd - Ophir High Conviction Fund (ASX:OPH) was founded in 2015 and is based in Australia.