Fidelity Emerging Markets Ord
Fidelity Emerging Markets Limited is a closed ended equity mutual fund launched by Genesis Asset Managers, LLP. The fund is managed by Genesis Investment Management, LLP. It invests in the public equity markets of emerging countries across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies. The fund employs fundamental … Read more
Fidelity Emerging Markets Ord (FEML) - Net Assets
Latest net assets as of December 2024: GBX677.67 Million GBX
Based on the latest financial reports, Fidelity Emerging Markets Ord (FEML) has net assets worth GBX677.67 Million GBX as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX694.63 Million) and total liabilities (GBX16.96 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 | GBX677.67 Million |
| % of Total Assets | 97.56% |
| Annual Growth Rate | -3.75% |
| 5-Year Change | -39.19% |
| 10-Year Change | -38.37% |
| Growth Volatility | 20.18 |
Fidelity Emerging Markets Ord - Net Assets Trend (2011–2024)
This chart illustrates how Fidelity Emerging Markets Ord's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fidelity Emerging Markets Ord (2011–2024)
The table below shows the annual net assets of Fidelity Emerging Markets Ord from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | GBX753.45 Million | -5.43% |
| 2023-06-30 | GBX796.73 Million | 0.00% |
| 2022-06-30 | GBX796.76 Million | -53.32% |
| 2021-06-30 | GBX1.71 Billion | +37.76% |
| 2020-06-30 | GBX1.24 Billion | -5.66% |
| 2019-06-30 | GBX1.31 Billion | -7.08% |
| 2018-06-30 | GBX1.41 Billion | +7.08% |
| 2017-06-30 | GBX1.32 Billion | +17.18% |
| 2016-06-30 | GBX1.13 Billion | -7.86% |
| 2015-06-30 | GBX1.22 Billion | -8.39% |
| 2014-06-30 | GBX1.33 Billion | +16.27% |
| 2013-06-30 | GBX1.15 Billion | +5.95% |
| 2012-06-30 | GBX1.08 Billion | -12.59% |
| 2011-06-30 | GBX1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fidelity Emerging Markets Ord'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 5133300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX51.33 Million | 6.81% |
| Other Comprehensive Income | GBX695.82 Million | 92.35% |
| Other Components | GBX6.29 Million | 0.83% |
| Total Equity | GBX753.45 Million | 100.00% |
Fidelity Emerging Markets Ord Competitors by Market Cap
The table below lists competitors of Fidelity Emerging Markets Ord ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evolutionary Genomics Inc
PINK:FNAM
|
$1.33K |
|
Torah Cement
EGX:TORA
|
$1.33K |
|
ConectiSys Corporation
PINK:CONC
|
$1.33K |
|
Life Is Hard SA
RO:LIH
|
$1.33K |
|
Conn's, Inc.
NASDAQ:CONNQ
|
$1.33K |
|
Sterling Consolidated Corp
PINK:STCC
|
$1.33K |
|
Block Energy PLC
LSE:BLOE
|
$1.33K |
|
TAMBANG BATUBARA-B-
MU:TBA
|
$1.33K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fidelity Emerging Markets Ord's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 796,734,000 to 753,446,000, a change of -43,288,000 (-5.4%).
- Net income of 126,065,000 contributed positively to equity growth.
- Dividend payments of 20,031,000 reduced retained earnings.
- Share repurchases of 150,107,000 reduced equity.
- Other comprehensive income decreased equity by 40,038,000.
- Other factors increased equity by 40,823,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX126.06 Million | +16.73% |
| Dividends Paid | GBX20.03 Million | -2.66% |
| Share Repurchases | GBX150.11 Million | -19.92% |
| Other Comprehensive Income | GBX-40.04 Million | -5.31% |
| Other Changes | GBX40.82 Million | +5.42% |
| Total Change | GBX- | -5.43% |
Book Value vs Market Value Analysis
This analysis compares Fidelity Emerging Markets Ord'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: 136.15x
- 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 128.72x to 136.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-06-30 | GBX9.17 | GBX1180.00 | x |
| 2012-06-30 | GBX8.01 | GBX1180.00 | x |
| 2013-06-30 | GBX8.49 | GBX1180.00 | x |
| 2014-06-30 | GBX9.88 | GBX1180.00 | x |
| 2015-06-30 | GBX8.99 | GBX1180.00 | x |
| 2016-06-30 | GBX8.31 | GBX1180.00 | x |
| 2017-06-30 | GBX9.74 | GBX1180.00 | x |
| 2018-06-30 | GBX10.44 | GBX1180.00 | x |
| 2019-06-30 | GBX10.59 | GBX1180.00 | x |
| 2020-06-30 | GBX10.17 | GBX1180.00 | x |
| 2021-06-30 | GBX13.99 | GBX1180.00 | x |
| 2022-06-30 | GBX7.94 | GBX1180.00 | x |
| 2023-06-30 | GBX8.75 | GBX1180.00 | x |
| 2024-06-30 | GBX8.67 | GBX1180.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fidelity Emerging Markets Ord 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): 16.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.81%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.04x
- Recent ROE (16.73%) is above the historical average (1.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 21.25% | 96.54% | 0.22x | 1.01x | GBX139.12 Million |
| 2012 | -14.39% | 0.00% | -0.14x | 1.00x | GBX-263.80 Million |
| 2013 | 5.57% | 92.56% | 0.06x | 1.00x | GBX-50.79 Million |
| 2014 | 14.15% | 97.01% | 0.15x | 1.00x | GBX55.31 Million |
| 2015 | -9.95% | 0.00% | -0.09x | 1.01x | GBX-242.04 Million |
| 2016 | -8.20% | 0.00% | -0.08x | 1.01x | GBX-204.13 Million |
| 2017 | 14.68% | 96.12% | 0.15x | 1.01x | GBX61.45 Million |
| 2018 | 8.04% | 93.18% | 0.09x | 1.00x | GBX-27.67 Million |
| 2019 | 3.67% | 78.88% | 0.05x | 1.01x | GBX-82.59 Million |
| 2020 | -3.76% | 0.00% | -0.04x | 1.00x | GBX-170.00 Million |
| 2021 | 28.48% | 97.31% | 0.29x | 1.01x | GBX314.06 Million |
| 2022 | -62.44% | -1405.91% | 0.04x | 1.03x | GBX-577.16 Million |
| 2023 | 1.83% | 35.86% | 0.05x | 1.04x | GBX-65.12 Million |
| 2024 | 16.73% | 94.81% | 0.17x | 1.04x | GBX50.72 Million |
Industry Comparison
This section compares Fidelity Emerging Markets Ord'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 |
|---|---|---|---|---|
| Fidelity Emerging Markets Ord (FEML) | GBX677.67 Million | 21.25% | 0.03x | $1.33K |
| 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 |