Platinum Asia Investments Ltd
Platinum Asia Investments Limited is a closed-ended equity mutual fund launched and managed by Platinum Asset Management Limited. It invests in the public equity markets of Asia ex Japan. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies. The fund employs fundamental analysis with a bottom up approach to create its portfolio. It … Read more
Platinum Asia Investments Ltd (PAI) - Net Assets
Latest net assets as of December 2024: AU$406.64 Million AUD
Based on the latest financial reports, Platinum Asia Investments Ltd (PAI) has net assets worth AU$406.64 Million 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$418.74 Million) and total liabilities (AU$12.09 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$406.64 Million |
| % of Total Assets | 97.11% |
| Annual Growth Rate | 5.68% |
| 5-Year Change | -8.74% |
| 10-Year Change | 281.79% |
| Growth Volatility | 53.99 |
Platinum Asia Investments Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Platinum Asia Investments 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 Platinum Asia Investments Ltd (2007–2024)
The table below shows the annual net assets of Platinum Asia Investments Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$382.19 Million | -0.32% |
| 2023-06-30 | AU$383.42 Million | -3.09% |
| 2022-06-30 | AU$395.64 Million | -16.07% |
| 2021-06-30 | AU$471.39 Million | +12.56% |
| 2020-06-30 | AU$418.78 Million | +6.47% |
| 2019-06-30 | AU$393.32 Million | -6.28% |
| 2018-06-30 | AU$419.68 Million | +9.01% |
| 2017-06-30 | AU$384.98 Million | +37.51% |
| 2016-06-30 | AU$279.96 Million | +179.67% |
| 2009-06-30 | AU$100.10 Million | -29.52% |
| 2008-06-30 | AU$142.03 Million | -4.94% |
| 2007-06-30 | AU$149.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Platinum Asia Investments 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 grown by 110.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$15.64 Million | 4.09% |
| Common Stock | AU$358.61 Million | 93.83% |
| Other Comprehensive Income | AU$7.93 Million | 2.08% |
| Total Equity | AU$382.19 Million | 100.00% |
Platinum Asia Investments Ltd Competitors by Market Cap
The table below lists competitors of Platinum Asia Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tritent International Corp
PINK:TICJ
|
$5.69K |
|
Upland Resources Ltd
LSE:UPL
|
$5.69K |
|
Transimex Transportation JSC
VN:TOT
|
$5.71K |
|
K-Top REITs Co. Ltd.
KQ:145270
|
$5.71K |
|
VSTE3
SA:VSTE3
|
$5.69K |
|
INTERMIN RES
BE:I6R
|
$5.68K |
|
Perseverance Metals Inc.
V:PMI
|
$5.67K |
|
Brooge Energy Limited
NASDAQ:BROGW
|
$5.67K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Platinum Asia Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 383,421,000 to 382,188,000, a change of -1,233,000 (-0.3%).
- Net income of 13,723,000 contributed positively to equity growth.
- Dividend payments of 13,675,000 reduced retained earnings.
- Share repurchases of 1,721,000 reduced equity.
- New share issuances of 440,000 increased equity.
- Other comprehensive income decreased equity by 78,969,000.
- Other factors increased equity by 78,969,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$13.72 Million | +3.59% |
| Dividends Paid | AU$13.68 Million | -3.58% |
| Share Repurchases | AU$1.72 Million | -0.45% |
| Share Issuances | AU$440.00K | +0.12% |
| Other Comprehensive Income | AU$-78.97 Million | -20.66% |
| Other Changes | AU$78.97 Million | +20.66% |
| Total Change | AU$- | -0.32% |
Book Value vs Market Value Analysis
This analysis compares Platinum Asia Investments 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: 0.94x
- 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 0.79x to 0.94x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | AU$1.23 | AU$0.97 | x |
| 2017-06-30 | AU$1.07 | AU$0.97 | x |
| 2018-06-30 | AU$1.16 | AU$0.97 | x |
| 2019-06-30 | AU$1.09 | AU$0.97 | x |
| 2020-06-30 | AU$1.15 | AU$0.97 | x |
| 2021-06-30 | AU$1.29 | AU$0.97 | x |
| 2022-06-30 | AU$1.08 | AU$0.97 | x |
| 2023-06-30 | AU$1.04 | AU$0.97 | x |
| 2024-06-30 | AU$1.03 | AU$0.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Platinum Asia Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.13%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.00x
- Recent ROE (3.59%) is above the historical average (1.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 7.02% | 89.69% | 0.07x | 1.18x | AU$-4.45 Million |
| 2008 | 2.19% | 27.42% | 0.07x | 1.10x | AU$-11.09 Million |
| 2009 | -32.66% | -318.48% | 0.10x | 1.02x | AU$-42.71 Million |
| 2016 | -3.23% | 0.00% | -0.01x | 1.01x | AU$-37.05 Million |
| 2017 | 10.17% | 69.05% | 0.14x | 1.03x | AU$653.20K |
| 2018 | 12.27% | 64.58% | 0.18x | 1.03x | AU$9.51 Million |
| 2019 | -0.04% | -2.60% | 0.02x | 1.02x | AU$-39.49 Million |
| 2020 | 9.22% | 62.36% | 0.14x | 1.03x | AU$-3.27 Million |
| 2021 | 16.11% | 66.12% | 0.23x | 1.06x | AU$28.79 Million |
| 2022 | -11.99% | 0.00% | -0.15x | 1.00x | AU$-87.02 Million |
| 2023 | 1.18% | 36.60% | 0.03x | 1.00x | AU$-33.81 Million |
| 2024 | 3.59% | 57.13% | 0.06x | 1.00x | AU$-24.50 Million |
Industry Comparison
This section compares Platinum Asia Investments 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 |
|---|---|---|---|---|
| Platinum Asia Investments Ltd (PAI) | AU$406.64 Million | 7.02% | 0.03x | $5.69K |
| 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 |