AGF Management Limited Net Assets
AGF Management Limited net assets. Based on the latest financial reports, AGF Management Limited (A3J) has net assets worth €1.26 Billion EUR (≈ $1.47 Billion USD) as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.79 Billion ≈ $2.09 Billion USD) and total liabilities (€527.47 Million ≈ $616.67 Million USD). 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. See AGF Management Limited (A3J) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.26 Billion |
| % of Total Assets | 70.47% |
| Annual Growth Rate | 2.61% |
| 5-Year Change | 19.78% |
| 10-Year Change | 36.01% |
| Growth Volatility | 4.15 |
Net Assets of AGF Management Limited (2014–2025)
Net assets of AGF Management Limited from 2014 to 2025. This chart illustrates how AGF Management Limited's net assets have evolved over time, based on quarterly financial data. Also explore A3J year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Net Assets for AGF Management Limited (2014–2025)
The table below shows the annual net assets of AGF Management Limited from 2014 to 2025. For live market cap and overall valuation, see AGF Management Limited (A3J) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | €1.24 Billion ≈ $1.44 Billion |
+6.56% |
| 2024-11-30 | €1.16 Billion ≈ $1.36 Billion |
+6.45% |
| 2023-11-30 | €1.09 Billion ≈ $1.27 Billion |
+5.66% |
| 2022-11-30 | €1.03 Billion ≈ $1.20 Billion |
-0.06% |
| 2021-11-30 | €1.03 Billion ≈ $1.21 Billion |
+1.47% |
| 2020-11-30 | €1.02 Billion ≈ $1.19 Billion |
+9.88% |
| 2019-11-30 | €924.78 Million ≈ $1.08 Billion |
-4.90% |
| 2018-11-30 | €972.42 Million ≈ $1.14 Billion |
+4.09% |
| 2017-11-30 | €934.22 Million ≈ $1.09 Billion |
+2.88% |
| 2016-11-30 | €908.07 Million ≈ $1.06 Billion |
-0.31% |
| 2015-11-30 | €910.85 Million ≈ $1.06 Billion |
-2.04% |
| 2014-11-30 | €929.77 Million ≈ $1.09 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to AGF Management Limited'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 113.8% over the analyzed period, indicating profitable operations and earnings retention.
AGF Management Limited Net Assets Breakdown (November 2025)
AGF Management Limited net assets breakdown by equity component as of November 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €773.22 Million | 63.89% |
| Other Components | €437.03 Million | 36.11% |
| Total Equity | €1.21 Billion | 100.00% |
AGF Management Limited Competitors by Market Cap
The table below lists competitors of AGF Management Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Heshun Petroleum Co Ltd
SHG:603353
|
$679.80 Million |
|
Enovix Corp
NASDAQ:ENVX
|
$679.82 Million |
|
MLP Group S.A.
WAR:MLG
|
$680.19 Million |
|
Anhui Tongfeng Electronics Co Ltd
SHG:600237
|
$680.19 Million |
|
Fujian Furi Electronics Co Ltd
SHG:600203
|
$679.43 Million |
|
Friend Co Ltd
SHG:605050
|
$678.62 Million |
|
Guizhou Zhenhua E chem Inc
SHG:688707
|
$678.19 Million |
|
Bank of Kaohsiung Ltd
TW:2836
|
$678.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AGF Management Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,128,428,000 to 1,210,250,000, a change of 81,822,000 (7.3%).
- Net income of 128,582,000 contributed positively to equity growth.
- Dividend payments of 31,212,000 reduced retained earnings.
- Share repurchases of 24,514,000 reduced equity.
- New share issuances of 4,679,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €128.58 Million | +10.62% |
| Dividends Paid | €31.21 Million | -2.58% |
| Share Repurchases | €24.51 Million | -2.03% |
| Share Issuances | €4.68 Million | +0.39% |
| Other Changes | €4.29 Million | +0.35% |
| Total Change | €- | 7.25% |
Book Value vs Market Value Analysis
This analysis compares AGF Management Limited'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: 0.48x
- 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 0.77x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | €11.85 | €9.15 | x |
| 2018-11-30 | €12.42 | €9.15 | x |
| 2019-11-30 | €11.81 | €9.15 | x |
| 2020-11-30 | €14.53 | €9.15 | x |
| 2021-11-30 | €14.73 | €9.15 | x |
| 2022-11-30 | €15.99 | €9.15 | x |
| 2023-11-30 | €17.03 | €9.15 | x |
| 2024-11-30 | €17.59 | €9.15 | x |
| 2025-11-30 | €19.00 | €9.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AGF Management Limited 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): 10.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.25%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.44x
- Recent ROE (10.62%) is above the historical average (7.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.59% | 13.20% | 0.31x | 1.63x | €-31.72 Million |
| 2015 | 5.29% | 10.68% | 0.31x | 1.58x | €-42.74 Million |
| 2016 | 4.68% | 10.44% | 0.30x | 1.50x | €-48.28 Million |
| 2017 | 5.54% | 12.44% | 0.31x | 1.42x | €-41.82 Million |
| 2018 | 7.64% | 17.76% | 0.30x | 1.46x | €-22.96 Million |
| 2019 | 5.18% | 12.17% | 0.28x | 1.49x | €-44.62 Million |
| 2020 | 17.11% | 45.69% | 0.28x | 1.33x | €72.29 Million |
| 2021 | 3.81% | 8.76% | 0.33x | 1.32x | €-63.82 Million |
| 2022 | 6.47% | 14.96% | 0.33x | 1.33x | €-36.41 Million |
| 2023 | 8.05% | 19.52% | 0.32x | 1.30x | €-21.19 Million |
| 2024 | 8.65% | 19.19% | 0.31x | 1.45x | €-15.27 Million |
| 2025 | 10.62% | 23.25% | 0.32x | 1.44x | €7.56 Million |
Industry Comparison
This section compares AGF Management Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $20,907,502,230
- Average return on equity (ROE) among peers: -1.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AGF Management Limited (A3J) | €1.26 Billion | 6.59% | 0.42x | $679.62 Million |
| China Cinda Asset Management Co., Ltd. (0CI) | $208.00 Billion | 3.04% | 6.77x | $1.44 Billion |
| Quinsam Capital Corporation (0Q4) | $9.54 Million | 4.72% | 0.01x | $2.01 Million |
| tokentus investment AG (14D) | $13.61 Million | -10.15% | 0.03x | $6.55 Million |
| TEAM PLC (1WQ) | $8.66 Million | -17.60% | 0.49x | $18.21 Million |
| CARLSON INV. ZY 13 (2HB) | $24.03 Million | -4.09% | 0.20x | $4.61 Million |
| JTC PLC LS-01 (2N9) | $533.94 Million | -1.36% | 0.91x | $2.65 Billion |
| Rostra AG (3330) | $8.72 Million | -14.14% | 1.93x | $19.02 Million |
| HELIOS FAIRFAX PARTNERS (3UD) | $415.94 Million | -14.13% | 0.05x | $97.90 Million |
| ALEXANDRIA PANKKIIRILIIKE (3ZL) | $37.35 Million | 20.82% | 0.46x | $154.21 Million |
| HAMILTON GLB.OPP.LS-0001 (5DS) | $28.12 Million | 20.52% | 0.19x | $24.13 Million |
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the … Read more