Regal Investment Fund
Regal Investment Fund provides access to a selection of alternative investment strategies which seeks to produce attractive risk adjusted returns over a period of more than five years with limited correlation to equity markets.
Regal Investment Fund (RF1) - Net Assets
Latest net assets as of June 2025: AU$689.52 Million AUD
Based on the latest financial reports, Regal Investment Fund (RF1) has net assets worth AU$689.52 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.14 Billion) and total liabilities (AU$447.12 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$689.52 Million |
| % of Total Assets | 60.66% |
| Annual Growth Rate | 15.69% |
| 5-Year Change | 101.05% |
| 10-Year Change | N/A |
| Growth Volatility | 13.29 |
Regal Investment Fund - Net Assets Trend (2018–2024)
This chart illustrates how Regal Investment Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Regal Investment Fund (2018–2024)
The table below shows the annual net assets of Regal Investment Fund from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$689.52 Million | +11.92% |
| 2023-12-31 | AU$616.07 Million | +4.30% |
| 2022-12-31 | AU$590.67 Million | +21.59% |
| 2021-12-31 | AU$485.80 Million | +41.65% |
| 2020-12-31 | AU$342.96 Million | +17.69% |
| 2019-12-31 | AU$291.42 Million | +1.33% |
| 2018-12-31 | AU$287.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Regal Investment 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 (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$689.52 Million | 100.00% |
| Total Equity | AU$689.52 Million | 100.00% |
Regal Investment Fund Competitors by Market Cap
The table below lists competitors of Regal Investment Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Matba Rofex SA
BA:MTR
|
$20.96K |
|
Greenyn Biotechnology Co., Ltd
TWO:6846
|
$20.97K |
|
Cuu Long Pharmaceutical JSC
VN:DCL
|
$20.97K |
|
Goldenstone Acquisition Limited Warrants
NASDAQ:GDSTW
|
$20.98K |
|
SRNA3F
SA:SRNA3F
|
$20.94K |
|
Kwang Hee Self-Administered Real Estate
KO:140910
|
$20.93K |
|
DESK3F
SA:DESK3F
|
$20.90K |
|
Nextferm Technologies Ltd
TA:NXFR
|
$20.90K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Regal Investment Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 616,070,000 to 689,517,000, a change of 73,447,000 (11.9%).
- Net income of 24,537,000 contributed positively to equity growth.
- Dividend payments of 50,200,000 reduced retained earnings.
- Share repurchases of 85,537,000 reduced equity.
- Other factors increased equity by 184,647,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$24.54 Million | +3.56% |
| Dividends Paid | AU$50.20 Million | -7.28% |
| Share Repurchases | AU$85.54 Million | -12.41% |
| Other Changes | AU$184.65 Million | +26.78% |
| Total Change | AU$- | 11.92% |
Book Value vs Market Value Analysis
This analysis compares Regal Investment 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: 1.08x
- 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 1.08x 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$2.45 | AU$3.48 | x |
| 2019-12-31 | AU$2.49 | AU$3.48 | x |
| 2020-12-31 | AU$3.26 | AU$3.48 | x |
| 2021-12-31 | AU$2.82 | AU$3.48 | x |
| 2022-12-31 | AU$2.90 | AU$3.48 | x |
| 2023-12-31 | AU$3.26 | AU$3.48 | x |
| 2024-12-31 | AU$3.23 | AU$3.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Regal Investment Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.39%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.65x
- Recent ROE (3.56%) is below the historical average (12.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 2.02% | 71.62% | 0.02x | 1.78x | AU$-22.94 Million |
| 2019 | 14.96% | 46.93% | 0.13x | 2.47x | AU$14.44 Million |
| 2020 | 50.99% | 66.54% | 0.31x | 2.48x | AU$140.57 Million |
| 2021 | -10.80% | -404.91% | 0.01x | 2.36x | AU$-101.02 Million |
| 2022 | 9.47% | 44.83% | 0.10x | 2.11x | AU$-3.13 Million |
| 2023 | 18.19% | 64.94% | 0.16x | 1.78x | AU$50.48 Million |
| 2024 | 3.56% | 30.39% | 0.07x | 1.65x | AU$-44.41 Million |
Industry Comparison
This section compares Regal Investment Fund's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Regal Investment Fund (RF1) | AU$689.52 Million | 2.02% | 0.65x | $20.94K |
| PATRYS Ltd (PAB) | $22.98 Million | -31.88% | 0.04x | $3.40 Million |
| Perpetual Credit Income Trust (PCI) | $532.80 Million | 7.05% | 0.01x | $6.27K |
| Regal Partners Global Investments Limited (RG1) | $941.94 Million | 5.37% | 0.24x | $12.74K |
| Rivco Australia Ltd (RIV) | $192.59 Million | 3.29% | 0.69x | $92.93 Million |
| Touch Ventures Ltd (TVL) | $60.18 Million | -5.66% | 0.01x | $20.90 Million |
| Vgi Partners Global Investments Ltd (VG1) | $941.94 Million | 5.37% | 0.24x | $491.32 Million |
| Victory Metals Ltd (VTM) | $64.54 Million | 2.13% | 1.05x | $10.84 Million |