Fair Oaks Income Limited (FA17) - Net Assets
Based on the latest financial reports, Fair Oaks Income Limited (FA17) has net assets worth $235.74 Million USD as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($236.01 Million) and total liabilities ($270.92K). 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 Fair Oaks Income Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $235.74 Million |
| % of Total Assets | 99.89% |
| Annual Growth Rate | 6.62% |
| 5-Year Change | -20.2% |
| 10-Year Change | -15.08% |
| Growth Volatility | 41.61 |
Fair Oaks Income Limited - Net Assets Trend (2014–2024)
This chart illustrates how Fair Oaks Income Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Fair Oaks Income Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fair Oaks Income Limited (2014–2024)
The table below shows the annual net assets of Fair Oaks Income Limited from 2014 to 2024. For live valuation and market cap data, see market cap of Fair Oaks Income Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $235.74 Million | -3.36% |
| 2023-12-31 | $243.94 Million | -7.02% |
| 2022-12-31 | $262.35 Million | -16.06% |
| 2021-12-31 | $312.53 Million | +5.79% |
| 2020-12-31 | $295.43 Million | -13.91% |
| 2019-12-31 | $343.16 Million | -17.43% |
| 2018-12-31 | $415.62 Million | -10.80% |
| 2017-12-31 | $465.95 Million | +49.49% |
| 2016-12-31 | $311.68 Million | +12.28% |
| 2015-12-31 | $277.59 Million | +123.48% |
| 2014-12-31 | $124.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fair Oaks Income 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 3983.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $417.20 Million | 176.98% |
| Total Equity | $235.74 Million | 100.00% |
Fair Oaks Income Limited Competitors by Market Cap
The table below lists competitors of Fair Oaks Income Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Somboon Advance Technology PCL F
F:PSQ
|
$4.58K |
|
Ben Thanh Rubber JSC
VN:BRC
|
$4.63K |
|
Binh Dinh Minerals JSC
VN:BMC
|
$4.67K |
|
iSun, Inc.
NASDAQ:ISUNQ
|
$4.74K |
|
Black Bear Minerals Limited
AU:BKB
|
$4.34K |
|
Ellies
JSE:ELI
|
$4.28K |
|
NEW FRONTIER VENT. INC.
F:S1O
|
$4.18K |
|
Soosung Innovation Co. Ltd.
KQ:084180
|
$4.08K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fair Oaks Income Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 243,940,173 to 235,737,356, a change of -8,202,817 (-3.4%).
- Net income of 33,665,564 contributed positively to equity growth.
- Dividend payments of 34,391,508 reduced retained earnings.
- Share repurchases of 10,100,961 reduced equity.
- Other factors increased equity by 2,624,088.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $33.67 Million | +14.28% |
| Dividends Paid | $34.39 Million | -14.59% |
| Share Repurchases | $10.10 Million | -4.28% |
| Other Changes | $2.62 Million | +1.11% |
| Total Change | $- | -3.36% |
Book Value vs Market Value Analysis
This analysis compares Fair Oaks Income 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: 0.87x
- 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 1.12x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.43 | $0.48 | x |
| 2015-12-31 | $0.95 | $0.48 | x |
| 2016-12-31 | $1.00 | $0.48 | x |
| 2017-12-31 | $1.29 | $0.48 | x |
| 2018-12-31 | $0.86 | $0.48 | x |
| 2019-12-31 | $0.72 | $0.48 | x |
| 2020-12-31 | $0.64 | $0.48 | x |
| 2021-12-31 | $0.67 | $0.48 | x |
| 2022-12-31 | $0.57 | $0.48 | x |
| 2023-12-31 | $0.55 | $0.48 | x |
| 2024-12-31 | $0.55 | $0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fair Oaks Income 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): 14.28%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.31%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.00x
- Recent ROE (14.28%) is above the historical average (6.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.76% | 93.02% | 0.04x | 1.00x | $-7.75 Million |
| 2015 | -2.97% | 0.00% | -0.03x | 1.03x | $-36.01 Million |
| 2016 | 21.72% | 99.02% | 0.22x | 1.00x | $36.52 Million |
| 2017 | 10.39% | 95.45% | 0.11x | 1.00x | $1.82 Million |
| 2018 | 1.02% | 83.32% | 0.01x | 1.00x | $-37.33 Million |
| 2019 | -0.66% | 0.00% | 0.00x | 1.00x | $-36.58 Million |
| 2020 | -9.15% | 0.00% | -0.09x | 1.00x | $-56.49 Million |
| 2021 | 20.63% | 98.80% | 0.21x | 1.00x | $33.21 Million |
| 2022 | -0.26% | -392.63% | 0.00x | 1.00x | $-26.92 Million |
| 2023 | 12.70% | 97.06% | 0.13x | 1.01x | $6.59 Million |
| 2024 | 14.28% | 97.31% | 0.15x | 1.00x | $10.09 Million |
Industry Comparison
This section compares Fair Oaks Income Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,704,100
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fair Oaks Income Limited (FA17) | $235.74 Million | 3.76% | 0.00x | $4.45K |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $41.69 Million |
| Albion Enterprise VCT PLC (AAEV) | $140.65 Million | 2.37% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $154.40 Million | 26.46% | 0.07x | $5.95 Million |
| Abrdn Asia Focus PLC (AAS) | $121.96 Million | 12.34% | 0.07x | $7.74 Million |
| Albion Technology & General VCT PLC (AATG) | $121.25 Million | -5.20% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $3.74 Billion | 2.67% | 35.62x | $50.56 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $428.13 Million | 2.15% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $56.72 Million |
| Artemis UK Future Leaders plc (AFL) | $152.03 Million | 18.55% | 0.02x | $404.11 |
About Fair Oaks Income Limited
Fair Oaks Income Limited is a feeder fund launched and managed by Fair Oaks Capital Limited. The fund invests its entire corpus in FOIF II LP and FOMC III LP. Fair Oaks Income Limited was formed on March 7, 2014 and is domiciled in the Channel Islands.