Spheria Emerging Companies Ltd
Spheria Emerging Companies Limited operates as an investment company in Australia. It provides investors with access to a portfolio of Australian and New Zealand small- and micro-cap securities. The company was incorporated in 2017 and is based in Sydney, Australia.
Spheria Emerging Companies Ltd (SEC) - Net Assets
Latest net assets as of December 2025: AU$150.45 Million AUD
Based on the latest financial reports, Spheria Emerging Companies Ltd (SEC) has net assets worth AU$150.45 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$157.59 Million) and total liabilities (AU$7.13 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$150.45 Million |
| % of Total Assets | 95.47% |
| Annual Growth Rate | -0.24% |
| 5-Year Change | -5.5% |
| 10-Year Change | N/A |
| Growth Volatility | 13.45 |
Spheria Emerging Companies Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Spheria 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 Spheria Emerging Companies Ltd (2018–2025)
The table below shows the annual net assets of Spheria Emerging Companies Ltd from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$142.08 Million | +6.10% |
| 2024-06-30 | AU$133.90 Million | +0.36% |
| 2023-06-30 | AU$133.43 Million | +3.13% |
| 2022-06-30 | AU$129.38 Million | -13.95% |
| 2021-06-30 | AU$150.35 Million | +27.29% |
| 2020-06-30 | AU$118.12 Million | -16.68% |
| 2019-06-30 | AU$141.77 Million | -1.89% |
| 2018-06-30 | AU$144.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spheria 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 grown by 1982600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$19.83 Million | 13.95% |
| Common Stock | AU$122.25 Million | 86.05% |
| Total Equity | AU$142.08 Million | 100.00% |
Spheria Emerging Companies Ltd Competitors by Market Cap
The table below lists competitors of Spheria Emerging Companies Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Société de Services de Participations de Direction et d'Elaboration
BR:SPA
|
$80.73 Million |
|
AN2 Therapeutics Inc
NASDAQ:ANTX
|
$80.73 Million |
|
Leadtrend Technology Corp
TW:3588
|
$80.75 Million |
|
QVC Group Inc.
NASDAQ:QVCGB
|
$80.77 Million |
|
Fu Chun Shin Machinery Manufacture Co Ltd
TWO:6603
|
$80.72 Million |
|
Generalplus Technology Inc
TW:4952
|
$80.67 Million |
|
Shenzhen CAU Technology Co Ltd
SHE:000004
|
$80.66 Million |
|
Devyser Diagnostics AB
ST:DVYSR
|
$80.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spheria Emerging Companies Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 133,904,000 to 142,078,000, a change of 8,174,000 (6.1%).
- Net income of 16,401,000 contributed positively to equity growth.
- Dividend payments of 8,227,000 reduced retained earnings.
- Other comprehensive income decreased equity by 64,467,000.
- Other factors increased equity by 64,467,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$16.40 Million | +11.54% |
| Dividends Paid | AU$8.23 Million | -5.79% |
| Other Comprehensive Income | AU$-64.47 Million | -45.37% |
| Other Changes | AU$64.47 Million | +45.37% |
| Total Change | AU$- | 6.10% |
Book Value vs Market Value Analysis
This analysis compares Spheria 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: 0.95x
- 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 0.73x to 0.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | AU$3.09 | AU$2.26 | x |
| 2019-06-30 | AU$2.10 | AU$2.26 | x |
| 2020-06-30 | AU$1.82 | AU$2.26 | x |
| 2021-06-30 | AU$2.47 | AU$2.26 | x |
| 2022-06-30 | AU$2.15 | AU$2.26 | x |
| 2023-06-30 | AU$2.22 | AU$2.26 | x |
| 2024-06-30 | AU$2.24 | AU$2.26 | x |
| 2025-06-30 | AU$2.38 | AU$2.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spheria Emerging Companies Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.64%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.03x
- Recent ROE (11.54%) is above the historical average (4.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 5.08% | 67.22% | 0.07x | 1.03x | AU$-6.88 Million |
| 2019 | 2.32% | 83.93% | 0.03x | 1.02x | AU$-10.67 Million |
| 2020 | -9.25% | 0.00% | -0.13x | 1.02x | AU$-22.51 Million |
| 2021 | 26.73% | 69.19% | 0.37x | 1.06x | AU$25.15 Million |
| 2022 | -10.35% | 0.00% | -0.14x | 1.05x | AU$-26.33 Million |
| 2023 | 7.22% | 69.55% | 0.10x | 1.01x | AU$-3.71 Million |
| 2024 | 5.67% | 92.52% | 0.06x | 1.01x | AU$-5.80 Million |
| 2025 | 11.54% | 67.64% | 0.17x | 1.03x | AU$2.19 Million |
Industry Comparison
This section compares Spheria 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 |
|---|---|---|---|---|
| Spheria Emerging Companies Ltd (SEC) | AU$150.45 Million | 5.08% | 0.05x | $80.72 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 |