Argo Group Limited
Argo Group Limited, through its subsidiaries, engages in the investment management business. It invests in sovereign and corporate fixed income securities, distressed debt, and real estate properties. The company was founded in 2000 and is based in London, the United Kingdom. Argo Group Limited is a subsidiary of Lynchwood Nominees Limited.
Argo Group Limited (ARGO) - Net Assets
Latest net assets as of December 2023: GBX5.12 Million GBX
Based on the latest financial reports, Argo Group Limited (ARGO) has net assets worth GBX5.12 Million GBX as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX6.07 Million) and total liabilities (GBX950.00K). 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 | GBX5.12 Million |
| % of Total Assets | 84.34% |
| Annual Growth Rate | -12.94% |
| 5-Year Change | -75.93% |
| 10-Year Change | -80.31% |
| Growth Volatility | 21.57 |
Argo Group Limited - Net Assets Trend (2008–2023)
This chart illustrates how Argo Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Argo Group Limited (2008–2023)
The table below shows the annual net assets of Argo Group Limited from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | GBX5.12 Million | -73.83% |
| 2022-12-31 | GBX19.56 Million | -15.25% |
| 2021-12-31 | GBX23.08 Million | +1.17% |
| 2020-12-31 | GBX22.81 Million | +7.27% |
| 2019-12-31 | GBX21.27 Million | -8.61% |
| 2018-12-31 | GBX23.27 Million | -5.64% |
| 2017-12-31 | GBX24.66 Million | +22.88% |
| 2016-12-31 | GBX20.07 Million | -10.55% |
| 2015-12-31 | GBX22.44 Million | -13.69% |
| 2014-12-31 | GBX26.00 Million | -8.77% |
| 2013-12-31 | GBX28.50 Million | +2.82% |
| 2012-12-31 | GBX27.71 Million | -36.18% |
| 2011-12-31 | GBX43.42 Million | -2.29% |
| 2010-12-31 | GBX44.44 Million | -0.17% |
| 2009-12-31 | GBX44.52 Million | +8.78% |
| 2008-12-31 | GBX40.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Argo Group 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 decreased by 276.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX390.00K | 7.62% |
| Other Comprehensive Income | GBX-3.22 Million | -62.88% |
| Other Components | GBX25.35 Million | 495.37% |
| Total Equity | GBX5.12 Million | 100.00% |
Argo Group Limited Competitors by Market Cap
The table below lists competitors of Argo Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biocept Inc.
NASDAQ:BIOCQ
|
$249.07 |
|
First Equity Modaraba
KAR:FEM
|
$249.28 |
|
Le@p Technology Inc
PINK:LPTC
|
$249.60 |
|
Waves Home App
KAR:WAVESAPP
|
$249.95 |
|
Merit Packaging Ltd
KAR:MERIT
|
$248.80 |
|
Elsaeed Contracting& Real Estate Investment Company SCCD
EGX:UEGC
|
$248.43 |
|
Sysorex Inc
PINK:SYSX
|
$248.00 |
|
Box Ships Inc
PINK:TEUFF
|
$247.68 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argo Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 19,557,000 to 5,118,000, a change of -14,439,000 (-73.8%).
- Net loss of 14,430,000 reduced equity.
- Other comprehensive income decreased equity by 9,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-14.43 Million | -281.95% |
| Other Comprehensive Income | GBX-9.00K | -0.18% |
| Total Change | GBX- | -73.83% |
Book Value vs Market Value Analysis
This analysis compares Argo Group 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: 43.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 9.87x to 43.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | GBX0.53 | GBX5.25 | x |
| 2009-12-31 | GBX0.58 | GBX5.25 | x |
| 2010-12-31 | GBX0.59 | GBX5.25 | x |
| 2011-12-31 | GBX0.57 | GBX5.25 | x |
| 2012-12-31 | GBX0.38 | GBX5.25 | x |
| 2013-12-31 | GBX0.39 | GBX5.25 | x |
| 2014-12-31 | GBX0.36 | GBX5.25 | x |
| 2015-12-31 | GBX0.33 | GBX5.25 | x |
| 2016-12-31 | GBX0.33 | GBX5.25 | x |
| 2017-12-31 | GBX0.48 | GBX5.25 | x |
| 2018-12-31 | GBX0.49 | GBX5.25 | x |
| 2019-12-31 | GBX0.47 | GBX5.25 | x |
| 2020-12-31 | GBX0.53 | GBX5.25 | x |
| 2021-12-31 | GBX0.54 | GBX5.25 | x |
| 2022-12-31 | GBX0.50 | GBX5.25 | x |
| 2023-12-31 | GBX0.12 | GBX5.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argo Group 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): -281.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -473.43%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.19x
- Recent ROE (-281.95%) is below the historical average (-19.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 16.52% | 40.72% | 0.39x | 1.05x | GBX2.67 Million |
| 2009 | 6.31% | 24.03% | 0.25x | 1.06x | GBX-1.64 Million |
| 2010 | 5.01% | 20.34% | 0.24x | 1.03x | GBX-2.22 Million |
| 2011 | 4.37% | 17.00% | 0.25x | 1.02x | GBX-2.45 Million |
| 2012 | -51.97% | -161.26% | 0.31x | 1.02x | GBX-17.18 Million |
| 2013 | 6.96% | 22.62% | 0.30x | 1.02x | GBX-867.50K |
| 2014 | -7.74% | -26.97% | 0.28x | 1.01x | GBX-4.61 Million |
| 2015 | -14.16% | -55.46% | 0.25x | 1.01x | GBX-5.42 Million |
| 2016 | 2.85% | 8.95% | 0.29x | 1.09x | GBX-1.44 Million |
| 2017 | 18.41% | 44.26% | 0.38x | 1.09x | GBX2.08 Million |
| 2018 | -5.31% | -26.88% | 0.20x | 1.01x | GBX-3.56 Million |
| 2019 | 2.80% | 13.26% | 0.20x | 1.03x | GBX-1.53 Million |
| 2020 | 7.31% | 50.70% | 0.14x | 1.02x | GBX-613.00K |
| 2021 | 1.29% | 6.80% | 0.19x | 1.01x | GBX-2.01 Million |
| 2022 | -17.37% | -133.42% | 0.12x | 1.05x | GBX-5.35 Million |
| 2023 | -281.95% | -473.43% | 0.50x | 1.19x | GBX-14.94 Million |
Industry Comparison
This section compares Argo Group Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argo Group Limited (ARGO) | GBX5.12 Million | 16.52% | 0.19x | $248.87 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |