SG Fleet Group Ltd
SG Fleet Group Limited provides motor vehicle fleet management, vehicle leasing, short-term hire, consumer vehicle finance, and salary packaging services in Australia, New Zealand, and the United Kingdom. The company offers fleet management services, including pricing and quoting, funding, procurement and delivery, fuel and toll management, maintenance and accident management, roadside assistance… Read more
SG Fleet Group Ltd (SGF) - Net Assets
Latest net assets as of December 2024: AU$538.57 Million AUD
Based on the latest financial reports, SG Fleet Group Ltd (SGF) has net assets worth AU$538.57 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$3.45 Billion) and total liabilities (AU$2.91 Billion). 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$538.57 Million |
| % of Total Assets | 15.62% |
| Annual Growth Rate | 13.9% |
| 5-Year Change | 118.59% |
| 10-Year Change | 295.44% |
| Growth Volatility | 17.79 |
SG Fleet Group Ltd - Net Assets Trend (2011–2024)
This chart illustrates how SG Fleet Group 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 SG Fleet Group Ltd (2011–2024)
The table below shows the annual net assets of SG Fleet Group Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$590.72 Million | +2.94% |
| 2023-06-30 | AU$573.87 Million | +5.12% |
| 2022-06-30 | AU$545.94 Million | +44.36% |
| 2021-06-30 | AU$378.19 Million | +39.94% |
| 2020-06-30 | AU$270.24 Million | -3.20% |
| 2019-06-30 | AU$279.17 Million | +11.46% |
| 2018-06-30 | AU$250.47 Million | +10.44% |
| 2017-06-30 | AU$226.79 Million | +12.70% |
| 2016-06-30 | AU$201.22 Million | +34.70% |
| 2015-06-30 | AU$149.38 Million | +15.79% |
| 2014-06-30 | AU$129.02 Million | +2.76% |
| 2013-06-30 | AU$125.55 Million | +37.63% |
| 2012-06-30 | AU$91.22 Million | -16.10% |
| 2011-06-30 | AU$108.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SG Fleet Group 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 271.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$192.30 Million | 32.55% |
| Common Stock | AU$503.89 Million | 85.30% |
| Other Comprehensive Income | AU$-105.47 Million | -17.86% |
| Total Equity | AU$590.72 Million | 100.00% |
SG Fleet Group Ltd Competitors by Market Cap
The table below lists competitors of SG Fleet Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenmao Technology Inc
TW:3305
|
$296.69 Million |
|
BTS Group AB (publ)
OTCGREY:BGPBF
|
$296.77 Million |
|
Tubacex S.A
MC:TUB
|
$296.98 Million |
|
Shaanxi Panlong Pharmaceutical Group Limited By Share Ltd Class A
SHE:002864
|
$296.99 Million |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
$296.54 Million |
|
Yantai Longyuan Power Tech
SHE:300105
|
$296.51 Million |
|
Betterware de México, S.A.P.I. de C.V.
NYSE:BWMX
|
$296.46 Million |
|
Semapa
LS:SEM
|
$296.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SG Fleet Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 573,868,000 to 590,715,000, a change of 16,847,000 (2.9%).
- Net income of 89,661,000 contributed positively to equity growth.
- Dividend payments of 57,676,000 reduced retained earnings.
- Share repurchases of 8,774,000 reduced equity.
- Other comprehensive income decreased equity by 21,814,000.
- Other factors increased equity by 15,450,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$89.66 Million | +15.18% |
| Dividends Paid | AU$57.68 Million | -9.76% |
| Share Repurchases | AU$8.77 Million | -1.49% |
| Other Comprehensive Income | AU$-21.81 Million | -3.69% |
| Other Changes | AU$15.45 Million | +2.62% |
| Total Change | AU$- | 2.94% |
Book Value vs Market Value Analysis
This analysis compares SG Fleet Group 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: 2.04x
- 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 7.84x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-06-30 | AU$0.45 | AU$3.49 | x |
| 2012-06-30 | AU$0.37 | AU$3.49 | x |
| 2013-06-30 | AU$0.48 | AU$3.49 | x |
| 2014-06-30 | AU$0.50 | AU$3.49 | x |
| 2015-06-30 | AU$0.62 | AU$3.49 | x |
| 2016-06-30 | AU$0.80 | AU$3.49 | x |
| 2017-06-30 | AU$0.87 | AU$3.49 | x |
| 2018-06-30 | AU$0.96 | AU$3.49 | x |
| 2019-06-30 | AU$1.06 | AU$3.49 | x |
| 2020-06-30 | AU$1.02 | AU$3.49 | x |
| 2021-06-30 | AU$1.40 | AU$3.49 | x |
| 2022-06-30 | AU$1.62 | AU$3.49 | x |
| 2023-06-30 | AU$1.67 | AU$3.49 | x |
| 2024-06-30 | AU$1.71 | AU$3.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SG Fleet Group 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): 15.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.15%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 5.66x
- Recent ROE (15.18%) is below the historical average (19.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 17.08% | 17.13% | 0.41x | 2.43x | AU$7.70 Million |
| 2012 | 25.87% | 19.27% | 0.40x | 3.33x | AU$14.48 Million |
| 2013 | 26.68% | 21.34% | 0.49x | 2.54x | AU$20.94 Million |
| 2014 | 12.11% | 29.24% | 0.19x | 2.15x | AU$2.72 Million |
| 2015 | 27.10% | 23.62% | 0.55x | 2.08x | AU$25.54 Million |
| 2016 | 23.35% | 22.16% | 0.41x | 2.58x | AU$26.85 Million |
| 2017 | 26.28% | 20.32% | 0.44x | 2.93x | AU$36.91 Million |
| 2018 | 27.02% | 13.14% | 0.75x | 2.75x | AU$42.63 Million |
| 2019 | 21.66% | 11.86% | 0.75x | 2.44x | AU$32.55 Million |
| 2020 | 13.59% | 8.98% | 0.60x | 2.52x | AU$9.71 Million |
| 2021 | 11.56% | 10.03% | 0.52x | 2.20x | AU$5.89 Million |
| 2022 | 11.12% | 9.48% | 0.24x | 4.79x | AU$6.14 Million |
| 2023 | 13.11% | 10.49% | 0.25x | 4.94x | AU$17.86 Million |
| 2024 | 15.18% | 12.15% | 0.22x | 5.66x | AU$30.59 Million |
Industry Comparison
This section compares SG Fleet Group Ltd's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $127,898,783
- Average return on equity (ROE) among peers: -27.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SG Fleet Group Ltd (SGF) | AU$538.57 Million | 17.08% | 5.40x | $296.64 Million |
| Aquirian Ltd (AQN) | $12.79 Million | -26.67% | 1.70x | $13.41 Million |
| Babylon Pump & Power Ltd (BPP) | $4.18 Million | -26.82% | 0.29x | $2.82 Million |
| CL8 Holdings Ltd (CL8) | $2.72 Million | -110.11% | 0.29x | $711.19K |
| Fleetpartners Group Ltd (FPR) | $552.12 Million | 4.99% | 2.49x | $261.23 Million |
| SIV Capital Ltd (SIV) | $67.68 Million | 18.77% | 2.23x | $1.41 Million |