Wam Alternative Assets Ltd
Blue Sky Alternatives Access Fund Ltd specializes in investments in venture capital, private equity, private real estate including infrastructure, commodities, farmland, agricultural water entitlements, and real assets such as water rights.
Wam Alternative Assets Ltd (WMA) - Net Assets
Latest net assets as of June 2025: AU$226.96 Million AUD
Based on the latest financial reports, Wam Alternative Assets Ltd (WMA) has net assets worth AU$226.96 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$274.92 Million) and total liabilities (AU$47.97 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$226.96 Million |
| % of Total Assets | 82.55% |
| Annual Growth Rate | 13.09% |
| 5-Year Change | 2.69% |
| 10-Year Change | 62.16% |
| Growth Volatility | 23.05 |
Wam Alternative Assets Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Wam Alternative Assets 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 Wam Alternative Assets Ltd (2013–2024)
The table below shows the annual net assets of Wam Alternative Assets Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$226.96 Million | -1.50% |
| 2023-12-31 | AU$230.42 Million | -1.27% |
| 2022-12-31 | AU$233.39 Million | +0.63% |
| 2021-12-31 | AU$231.92 Million | +4.94% |
| 2020-12-31 | AU$221.00 Million | +4.69% |
| 2019-12-31 | AU$211.11 Million | -4.56% |
| 2018-12-31 | AU$221.20 Million | -5.44% |
| 2017-12-31 | AU$233.92 Million | +21.93% |
| 2016-12-31 | AU$191.86 Million | +37.08% |
| 2015-12-31 | AU$139.96 Million | +68.29% |
| 2014-12-31 | AU$83.16 Million | +41.75% |
| 2013-12-31 | AU$58.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wam Alternative Assets 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 2023926700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$19.74 Million | 8.70% |
| Common Stock | AU$207.21 Million | 91.30% |
| Total Equity | AU$226.96 Million | 100.00% |
Wam Alternative Assets Ltd Competitors by Market Cap
The table below lists competitors of Wam Alternative Assets Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Growlife Inc
PINK:PHOT
|
$5.54K |
|
Hercules Site Services PLC
LSE:HERC
|
$5.54K |
|
WI-LAN
BE:WJL
|
$5.54K |
|
R.E.A. Holdings plc
LSE:RE
|
$5.55K |
|
SASFIN HOLD
BE:47S
|
$5.53K |
|
PEC Ltd
MU:QPE
|
$5.52K |
|
CN PETRO & CHEM -H-
HM:CHU
|
$5.52K |
|
Talawakelle Tea Estate PLC
CM:TPLN0000
|
$5.52K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wam Alternative Assets Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 230,415,629 to 226,957,641, a change of -3,457,988 (-1.5%).
- Net income of 6,231,630 contributed positively to equity growth.
- Dividend payments of 9,689,618 reduced retained earnings.
- Other comprehensive income decreased equity by 31,995,352.
- Other factors increased equity by 31,995,352.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$6.23 Million | +2.75% |
| Dividends Paid | AU$9.69 Million | -4.27% |
| Other Comprehensive Income | AU$-32.00 Million | -14.1% |
| Other Changes | AU$32.00 Million | +14.1% |
| Total Change | AU$- | -1.50% |
Book Value vs Market Value Analysis
This analysis compares Wam Alternative Assets 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: 0.85x
- 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 decreased from 2.30x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | AU$0.43 | AU$0.98 | x |
| 2014-12-31 | AU$0.60 | AU$0.98 | x |
| 2015-12-31 | AU$1.02 | AU$0.98 | x |
| 2016-12-31 | AU$1.24 | AU$0.98 | x |
| 2017-12-31 | AU$1.18 | AU$0.98 | x |
| 2018-12-31 | AU$1.08 | AU$0.98 | x |
| 2019-12-31 | AU$1.06 | AU$0.98 | x |
| 2020-12-31 | AU$1.14 | AU$0.98 | x |
| 2021-12-31 | AU$1.19 | AU$0.98 | x |
| 2022-12-31 | AU$1.20 | AU$0.98 | x |
| 2023-12-31 | AU$1.18 | AU$0.98 | x |
| 2024-12-31 | AU$1.16 | AU$0.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wam Alternative Assets Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.42%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.21x
- Recent ROE (2.75%) is below the historical average (4.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -0.84% | 0.00% | -0.01x | 1.05x | AU$-6.36 Million |
| 2014 | 5.62% | 61.59% | 0.09x | 1.04x | AU$-3.65 Million |
| 2015 | 9.64% | 68.96% | 0.13x | 1.04x | AU$-499.50K |
| 2016 | 6.79% | 63.02% | 0.09x | 1.13x | AU$-6.16 Million |
| 2017 | 2.15% | 43.25% | 0.05x | 1.04x | AU$-18.36 Million |
| 2018 | 3.03% | 51.05% | 0.06x | 1.05x | AU$-15.41 Million |
| 2019 | 2.43% | 47.87% | 0.05x | 1.03x | AU$-15.98 Million |
| 2020 | 8.15% | 69.19% | 0.10x | 1.20x | AU$-4.08 Million |
| 2021 | 7.78% | 67.91% | 0.09x | 1.30x | AU$-5.14 Million |
| 2022 | 4.06% | 62.66% | 0.05x | 1.25x | AU$-13.85 Million |
| 2023 | 2.75% | 53.92% | 0.04x | 1.21x | AU$-16.70 Million |
| 2024 | 2.75% | 54.42% | 0.04x | 1.21x | AU$-16.46 Million |
Industry Comparison
This section compares Wam Alternative Assets 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 |
|---|---|---|---|---|
| Wam Alternative Assets Ltd (WMA) | AU$226.96 Million | -0.84% | 0.21x | $5.53K |
| 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 |