Salter Brothers Emerging Companies Ltd
Salter Brothers Emerging Companies Limited, an investment company, focuses on a portfolio of investment opportunities, primarily in Australian listed and unlisted securities. The company was incorporated in 2020 and is based in Melbourne, Australia.
Salter Brothers Emerging Companies Ltd (SB2) - Net Assets
Latest net assets as of June 2025: AU$86.78 Million AUD
Based on the latest financial reports, Salter Brothers Emerging Companies Ltd (SB2) has net assets worth AU$86.78 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$87.70 Million) and total liabilities (AU$927.00K). 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$86.78 Million |
| % of Total Assets | 98.94% |
| Annual Growth Rate | -2.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.28 |
Salter Brothers Emerging Companies Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Salter Brothers Emerging Companies 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 Salter Brothers Emerging Companies Ltd (2021–2025)
The table below shows the annual net assets of Salter Brothers Emerging Companies Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$86.78 Million | -2.76% |
| 2024-06-30 | AU$89.24 Million | +3.63% |
| 2023-06-30 | AU$86.11 Million | -3.54% |
| 2022-06-30 | AU$89.27 Million | -8.40% |
| 2021-06-30 | AU$97.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Salter Brothers Emerging Companies 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 141.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$88.05 Million | 101.46% |
| Total Equity | AU$86.78 Million | 100.00% |
Salter Brothers Emerging Companies Ltd Competitors by Market Cap
The table below lists competitors of Salter Brothers Emerging Companies Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Freemelt Holding AB
ST:FREEM
|
$20.45 Million |
|
SSC Security Services Corp
OTCQX:SECUF
|
$20.45 Million |
|
Ranix INC
KQ:317120
|
$20.46 Million |
|
Yeh-Chiang Technology
TWO:6124
|
$20.47 Million |
|
Cactus Acquisition Corp 1 Ltd
NASDAQ:CCTS
|
$20.42 Million |
|
Black Canyon Ltd
AU:BCA
|
$20.42 Million |
|
Global Graphics PLC
BR:HYSG
|
$20.42 Million |
|
Themis Medicare Limited
NSE:THEMISMED
|
$20.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Salter Brothers Emerging Companies Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 89,238,000 to 86,778,000, a change of -2,460,000 (-2.8%).
- Net income of 3,145,000 contributed positively to equity growth.
- Dividend payments of 1,706,000 reduced retained earnings.
- Share repurchases of 3,899,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$3.15 Million | +3.62% |
| Dividends Paid | AU$1.71 Million | -1.97% |
| Share Repurchases | AU$3.90 Million | -4.49% |
| Total Change | AU$- | -2.76% |
Book Value vs Market Value Analysis
This analysis compares Salter Brothers Emerging Companies 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: 0.67x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$1.03 | AU$0.67 | x |
| 2022-06-30 | AU$0.95 | AU$0.67 | x |
| 2023-06-30 | AU$0.92 | AU$0.67 | x |
| 2024-06-30 | AU$0.97 | AU$0.67 | x |
| 2025-06-30 | AU$1.00 | AU$0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Salter Brothers Emerging Companies Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.18%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.01x
- Recent ROE (3.62%) is above the historical average (0.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 3.17% | 69.22% | 0.04x | 1.03x | AU$-6.66 Million |
| 2022 | -9.17% | 0.00% | -0.09x | 1.02x | AU$-17.12 Million |
| 2023 | -2.12% | 0.00% | -0.03x | 1.00x | AU$-10.44 Million |
| 2024 | 4.73% | 52.81% | 0.09x | 1.00x | AU$-4.70 Million |
| 2025 | 3.62% | 45.18% | 0.08x | 1.01x | AU$-5.53 Million |
Industry Comparison
This section compares Salter Brothers Emerging Companies 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 |
|---|---|---|---|---|
| Salter Brothers Emerging Companies Ltd (SB2) | AU$86.78 Million | 3.17% | 0.01x | $20.42 Million |
| 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 |