Pengana Private Equity Trust (PE1) - Net Assets
Based on the latest financial reports, Pengana Private Equity Trust (PE1) has net assets worth AU$470.47 Million AUD (≈ $332.88 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$485.64 Million ≈ $343.62 Million USD) and total liabilities (AU$15.18 Million ≈ $10.74 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 how much debt does Pengana Private Equity Trust carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$470.47 Million |
| % of Total Assets | 96.87% |
| Annual Growth Rate | 13.47% |
| 5-Year Change | 34.56% |
| 10-Year Change | N/A |
| Growth Volatility | 23.01 |
Pengana Private Equity Trust - Net Assets Trend (2018–2024)
This chart illustrates how Pengana Private Equity Trust's net assets have evolved over time, based on quarterly financial data. Also explore Pengana Private Equity Trust total assets for the complete picture of this company's asset base.
Annual Net Assets for Pengana Private Equity Trust (2018–2024)
The table below shows the annual net assets of Pengana Private Equity Trust from 2018 to 2024. For live valuation and market cap data, see PE1 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$459.80 Million ≈ $325.34 Million |
+7.22% |
| 2023-12-31 | AU$428.83 Million ≈ $303.42 Million |
-4.65% |
| 2022-12-31 | AU$449.72 Million ≈ $318.20 Million |
+0.09% |
| 2021-12-31 | AU$449.31 Million ≈ $317.91 Million |
+31.49% |
| 2020-12-31 | AU$341.70 Million ≈ $241.78 Million |
+59.65% |
| 2019-12-31 | AU$214.03 Million ≈ $151.44 Million |
-0.65% |
| 2018-12-31 | AU$215.43 Million ≈ $152.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pengana Private Equity Trust'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 66259.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$102.86 Million | 22.37% |
| Common Stock | AU$356.94 Million | 77.63% |
| Total Equity | AU$459.80 Million | 100.00% |
Pengana Private Equity Trust Competitors by Market Cap
The table below lists competitors of Pengana Private Equity Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tianyu Ecology & Landscape Co
SHG:603717
|
$320.13 Million |
|
Phihong Technology Co Ltd
TW:2457
|
$320.51 Million |
|
Médica Sur S.A.B. de C.V
MX:MEDICAB
|
$320.61 Million |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
$320.65 Million |
|
RoadMain T Co Ltd
SHG:603860
|
$320.04 Million |
|
Favite Inc
TW:3535
|
$320.04 Million |
|
Greenwich Lifesciences Inc
NASDAQ:GLSI
|
$319.90 Million |
|
Bank of Greece
AT:TELL
|
$319.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pengana Private Equity Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 428,827,000 to 459,797,000, a change of 30,970,000 (7.2%).
- Net income of 50,015,000 contributed positively to equity growth.
- Dividend payments of 15,528,000 reduced retained earnings.
- Share repurchases of 2,912,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$50.02 Million | +10.88% |
| Dividends Paid | AU$15.53 Million | -3.38% |
| Share Repurchases | AU$2.91 Million | -0.63% |
| Other Changes | AU$-605.00K | -0.13% |
| Total Change | AU$- | 7.22% |
Book Value vs Market Value Analysis
This analysis compares Pengana Private Equity Trust'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: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.42x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$1.20 | AU$1.70 | x |
| 2019-12-31 | AU$0.89 | AU$1.70 | x |
| 2020-12-31 | AU$1.44 | AU$1.70 | x |
| 2021-12-31 | AU$1.81 | AU$1.70 | x |
| 2022-12-31 | AU$1.61 | AU$1.70 | x |
| 2023-12-31 | AU$1.54 | AU$1.70 | x |
| 2024-12-31 | AU$1.66 | AU$1.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pengana Private Equity Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 205.65%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.09x
- Recent ROE (10.88%) is above the historical average (6.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.07% | 9.03% | 0.01x | 1.00x | AU$-21.39 Million |
| 2019 | 2.87% | 69.50% | 0.04x | 1.00x | AU$-15.26 Million |
| 2020 | 13.22% | 91.83% | 0.14x | 1.02x | AU$11.02 Million |
| 2021 | 16.58% | 91.97% | 0.17x | 1.03x | AU$29.55 Million |
| 2022 | 3.81% | 71.60% | 0.05x | 1.02x | AU$-27.86 Million |
| 2023 | -0.03% | -1.85% | 0.02x | 1.07x | AU$-43.02 Million |
| 2024 | 10.88% | 205.65% | 0.05x | 1.09x | AU$4.04 Million |
Industry Comparison
This section compares Pengana Private Equity Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $908,550,053
- Average return on equity (ROE) among peers: 4.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pengana Private Equity Trust (PE1) | AU$470.47 Million | 0.07% | 0.03x | $320.11 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $100.23 Million | -16.95% | 0.04x | $57.22 Million |
| Australian Ethical Investment Ltd (AEF) | $24.66 Million | 38.56% | 0.70x | $314.92 Million |
| Australian Foundation Investment Company Ltd (AFI) | $2.36 Billion | 4.42% | 0.13x | $5.89 Billion |
| Alternative Investment Trust (AIQ) | $313.93 Million | 8.36% | 0.95x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $417.88 Million | 2.30% | 0.04x | $298.12 Million |
| Amcil Ltd (AMH) | $5.15 Billion | 1.57% | 0.67x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $7.72 Million | -10.33% | 0.65x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $92.52 Million | 11.93% | 0.05x | $66.00 Million |
| ARC Funds Ltd (ARC) | $7.75 Million | 3.66% | 1.14x | $3.65 Million |
| Argo Investments Ltd (ARG) | $615.18 Million | -0.89% | 0.07x | $4.70 Billion |
About Pengana Private Equity Trust
Pengana Private Equity Trust operates in various business sectors.