ASA International Group PLC (ASAI) - Net Assets
Based on the latest financial reports, ASA International Group PLC (ASAI) has net assets worth GBX161.85 Million GBX (≈ $19.69K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX797.11 Million ≈ $96.98K USD) and total liabilities (GBX635.26 Million ≈ $77.29K 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. Check tangible net worth ratio of ASA International Group PLC to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX161.85 Million |
| % of Total Assets | 20.3% |
| Annual Growth Rate | 9.98% |
| 5-Year Change | 56.46% |
| 10-Year Change | 139.94% |
| Growth Volatility | 23.41 |
ASA International Group PLC - Net Assets Trend (2015–2025)
This chart illustrates how ASA International Group PLC's net assets have evolved over time, based on quarterly financial data. See ASAI cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ASA International Group PLC (2015–2025)
The table below shows the annual net assets of ASA International Group PLC from 2015 to 2025. For live valuation and market cap data, see market value of ASA International Group PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX161.85 Million ≈ $19.69K |
+67.73% |
| 2024-12-31 | GBX96.49 Million ≈ $11.74K |
+25.95% |
| 2023-12-31 | GBX76.61 Million ≈ $9.32K |
-14.56% |
| 2022-12-31 | GBX89.66 Million ≈ $10.91K |
-13.32% |
| 2021-12-31 | GBX103.44 Million ≈ $12.59K |
-3.39% |
| 2020-12-31 | GBX107.07 Million ≈ $13.03K |
-3.68% |
| 2019-12-31 | GBX111.17 Million ≈ $13.53K |
+25.55% |
| 2018-12-31 | GBX88.55 Million ≈ $10.77K |
+6.71% |
| 2017-12-31 | GBX82.98 Million ≈ $10.10K |
+23.02% |
| 2016-12-31 | GBX67.45 Million ≈ $8.21K |
+7.97% |
| 2015-12-31 | GBX62.48 Million ≈ $7.60K |
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Equity Component Analysis
This analysis shows how different components contribute to ASA International Group PLC'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 548.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX260.43 Million | 158.55% |
| Common Stock | GBX1.31 Million | 0.80% |
| Total Equity | GBX164.26 Million | 100.00% |
ASA International Group PLC Competitors by Market Cap
The table below lists competitors of ASA International Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Visionstate Corp
V:VIS
|
$2.80 Million |
|
Real Messenger Corporation Ordinary Shares
NASDAQ:RMSG
|
$2.81 Million |
|
G-Tec Jainx Education Limited
NSE:GTECJAINX
|
$2.81 Million |
|
Goenka Diamond and Jewels Limited
NSE:GOENKA
|
$2.81 Million |
|
MODERN LAND (CHINA) DL-01
F:7PJ
|
$2.79 Million |
|
CBLT Inc
V:CBLT
|
$2.79 Million |
|
The Payments Group Holding GmbH & Co KGaA
XETRA:PGH
|
$2.79 Million |
|
Cottonindo Ariesta Tbk PT
JK:KPAS
|
$2.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASA International Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 98,472,000 to 164,260,000, a change of 65,788,000 (66.8%).
- Net income of 57,092,000 contributed positively to equity growth.
- Dividend payments of 8,728,000 reduced retained earnings.
- Other factors increased equity by 17,424,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX57.09 Million | +34.76% |
| Dividends Paid | GBX8.73 Million | -5.31% |
| Other Changes | GBX17.42 Million | +10.61% |
| Total Change | GBX- | 66.81% |
Book Value vs Market Value Analysis
This analysis compares ASA International Group PLC'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: 143.07x
- 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 decreased from 392.94x to 143.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | GBX0.60 | GBX235.00 | x |
| 2016-12-31 | GBX0.65 | GBX235.00 | x |
| 2017-12-31 | GBX0.82 | GBX235.00 | x |
| 2018-12-31 | GBX0.86 | GBX235.00 | x |
| 2019-12-31 | GBX1.08 | GBX235.00 | x |
| 2020-12-31 | GBX1.05 | GBX235.00 | x |
| 2021-12-31 | GBX1.04 | GBX235.00 | x |
| 2022-12-31 | GBX0.90 | GBX235.00 | x |
| 2023-12-31 | GBX0.78 | GBX235.00 | x |
| 2024-12-31 | GBX0.98 | GBX235.00 | x |
| 2025-12-31 | GBX1.64 | GBX235.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASA International Group PLC 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): 34.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.27%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 4.85x
- Recent ROE (34.76%) is above the historical average (22.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 24.98% | 25.82% | 0.30x | 3.25x | GBX8.96 Million |
| 2016 | 23.39% | 20.64% | 0.29x | 3.97x | GBX8.70 Million |
| 2017 | 35.47% | 31.63% | 0.22x | 5.13x | GBX20.82 Million |
| 2018 | 27.74% | 20.24% | 0.25x | 5.47x | GBX15.33 Million |
| 2019 | 31.45% | 24.23% | 0.25x | 5.18x | GBX23.20 Million |
| 2020 | -0.69% | -0.64% | 0.19x | 5.53x | GBX-11.20 Million |
| 2021 | 8.48% | 4.46% | 0.35x | 5.43x | GBX-1.57 Million |
| 2022 | 19.92% | 9.58% | 0.38x | 5.45x | GBX8.91 Million |
| 2023 | 11.81% | 5.00% | 0.38x | 6.29x | GBX1.41 Million |
| 2024 | 29.70% | 12.70% | 0.41x | 5.77x | GBX19.40 Million |
| 2025 | 34.76% | 18.27% | 0.39x | 4.85x | GBX40.67 Million |
Industry Comparison
This section compares ASA International Group PLC's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $6,012,789,119
- Average return on equity (ROE) among peers: -40.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASA International Group PLC (ASAI) | GBX161.85 Million | 24.98% | 3.93x | $2.80 Million |
| Amigo Holdings PLC (AMGO) | $12.60 Million | -276.23% | 16.39x | $355.08K |
| Distribution Finance Capital Holdings PLC (DFCH) | $127.61 Million | 11.88% | 6.84x | $1.13 Million |
| Funding Circle Holdings PLC (FCH) | $4.92 Million | -83.15% | 0.67x | $5.09 Million |
| General Accident PLC (GACA) | $13.94 Billion | 0.99% | 0.00x | $374.75 Million |
| H&T Group plc (HAT) | $35.75 Million | 19.91% | 1.27x | $3.44 Million |
| International Personal Finance PLC (IPF) | $39.76 Billion | 0.00% | 15.47x | $6.63 Million |
| Sancus Lending Group Ltd (LEND) | $29.49 Million | -49.22% | 2.49x | $83.56K |
| Litigation Capital Management Limited (LIT) | $188.94 Million | 6.73% | 2.13x | $25.86K |
| Orchard Funding Group PLC (ORCH) | $15.80 Million | 5.31% | 1.05x | $150.69K |
About ASA International Group PLC
ASA International Group PLC operates as a microfinance institution in Asia and Africa. It provides various collateral-free loans, such as small business and MSME loans to start or grow businesses. The company serves primarily low-income female micro-entrepreneurs. ASA International Group PLC was incorporated in 2007 and is headquartered in Amsterdam, the Netherlands.