FirstGroup PLC

LSE:FGP UK Railroads
Market Cap
$11.12 Million
GBX91.41 Billion GBX
Market Cap Rank
#40493 Global
#580 in UK
Share Price
GBX168.30
Change (1 day)
-1.98%
52-Week Range
GBX146.50 - GBX233.00
All Time High
GBX233.00
Categories
Companies in UK Railroads
About

FirstGroup plc provides public transport services in the United Kingdom. It operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 5,800 buses and coaches in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio… Read more

FirstGroup PLC (FGP) - Net Assets

Latest net assets as of September 2025: GBX640.00 Million GBX

Based on the latest financial reports, FirstGroup PLC (FGP) has net assets worth GBX640.00 Million GBX as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX3.36 Billion) and total liabilities (GBX2.72 Billion). 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 GBX640.00 Million
% of Total Assets 19.04%
Annual Growth Rate 9.91%
5-Year Change -38.26%
10-Year Change -56.37%
Growth Volatility 105.33

FirstGroup PLC - Net Assets Trend (1995–2025)

This chart illustrates how FirstGroup PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for FirstGroup PLC (1995–2025)

The table below shows the annual net assets of FirstGroup PLC from 1995 to 2025.

Year Net Assets Change
2025-03-31 GBX712.50 Million +11.03%
2024-03-31 GBX641.70 Million -14.53%
2023-03-31 GBX750.80 Million -15.17%
2022-03-31 GBX885.10 Million -23.31%
2021-03-31 GBX1.15 Billion -1.92%
2020-03-31 GBX1.18 Billion -22.75%
2019-03-31 GBX1.52 Billion +2.19%
2018-03-31 GBX1.49 Billion -28.19%
2017-03-31 GBX2.08 Billion +27.11%
2016-03-31 GBX1.63 Billion +9.89%
2015-03-31 GBX1.49 Billion +21.52%
2014-03-31 GBX1.22 Billion +49.27%
2013-03-31 GBX819.30 Million -7.00%
2012-03-31 GBX881.00 Million -7.35%
2011-03-31 GBX950.90 Million +4.44%
2010-03-31 GBX910.50 Million +13.20%
2009-03-31 GBX804.30 Million +14.12%
2008-03-31 GBX704.80 Million +16.05%
2007-03-31 GBX607.30 Million +82.98%
2006-03-31 GBX331.90 Million +47.84%
2005-03-31 GBX224.50 Million -36.76%
2004-03-31 GBX355.00 Million -11.87%
2003-03-31 GBX402.80 Million -4.10%
2002-03-31 GBX420.00 Million +4.82%
2001-03-31 GBX400.70 Million +15.81%
2000-03-31 GBX346.00 Million +545.52%
1999-03-31 GBX53.60 Million +379.17%
1998-03-31 GBX-19.20 Million -132.71%
1997-03-31 GBX58.70 Million +31.61%
1996-03-31 GBX44.60 Million +6.70%
1995-03-31 GBX41.80 Million --

Equity Component Analysis

This analysis shows how different components contribute to FirstGroup 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 decreased by 107.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Common Stock GBX37.50 Million 5.38%
Other Components GBX660.50 Million 94.80%
Total Equity GBX696.70 Million 100.00%

FirstGroup PLC Competitors by Market Cap

The table below lists competitors of FirstGroup PLC ranked by their market capitalization.

Company Market Cap
Buck Hill Falls Company
PINK:BUHF
 		$126.11K
BAZA3F
SA:BAZA3F
 		$126.15K
CHUBU EL
BE:0C2
 		$126.17K
Multi Manager Invest - Nye Obligationsmarkeder
CO:MMINO
 		$126.19K
EXTREME NETWORKS
MU:EXM
 		$126.05K
Rogaland Sparebank
OL:ROGS
 		$125.99K
EDP RENOVAVEIS - Dusseldorf Stock Exchang
DU:EDW
 		$125.95K
Air Water Inc
BE:0AW
 		$125.94K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in FirstGroup PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 633,300,000 to 696,700,000, a change of 63,400,000 (10.0%).
  • Net income of 127,500,000 contributed positively to equity growth.
  • Dividend payments of 34,200,000 reduced retained earnings.
  • Share repurchases of 91,800,000 reduced equity.
  • Other comprehensive income increased equity by 2,300,000.
  • Other factors increased equity by 75,700,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX127.50 Million +18.3%
Dividends Paid GBX34.20 Million -4.91%
Share Repurchases GBX91.80 Million -13.18%
Other Comprehensive Income GBX2.30 Million +0.33%
Other Changes GBX75.70 Million +10.87%
Total Change GBX- 10.01%

Book Value vs Market Value Analysis

This analysis compares FirstGroup 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: 150.42x
  • 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 1028.91x to 150.42x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-03-31 GBX0.16 GBX168.30 x
1996-03-31 GBX0.17 GBX168.30 x
1997-03-31 GBX0.16 GBX168.30 x
1998-03-31 GBX-0.05 GBX168.30 x
1999-03-31 GBX0.10 GBX168.30 x
2000-03-31 GBX0.69 GBX168.30 x
2001-03-31 GBX0.77 GBX168.30 x
2002-03-31 GBX0.81 GBX168.30 x
2003-03-31 GBX0.78 GBX168.30 x
2004-03-31 GBX0.70 GBX168.30 x
2005-03-31 GBX0.43 GBX168.30 x
2006-03-31 GBX0.66 GBX168.30 x
2007-03-31 GBX1.21 GBX168.30 x
2008-03-31 GBX1.28 GBX168.30 x
2009-03-31 GBX1.34 GBX168.30 x
2010-03-31 GBX1.51 GBX168.30 x
2011-03-31 GBX1.57 GBX168.30 x
2012-03-31 GBX1.45 GBX168.30 x
2013-03-31 GBX1.34 GBX168.30 x
2014-03-31 GBX1.14 GBX168.30 x
2015-03-31 GBX1.21 GBX168.30 x
2016-03-31 GBX1.33 GBX168.30 x
2017-03-31 GBX1.69 GBX168.30 x
2018-03-31 GBX1.23 GBX168.30 x
2019-03-31 GBX1.28 GBX168.30 x
2020-03-31 GBX1.00 GBX168.30 x
2021-03-31 GBX0.96 GBX168.30 x
2022-03-31 GBX0.80 GBX168.30 x
2023-03-31 GBX0.97 GBX168.30 x
2024-03-31 GBX0.96 GBX168.30 x
2025-03-31 GBX1.12 GBX168.30 x

Capital Efficiency Dashboard

This dashboard shows how efficiently FirstGroup 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): 18.30%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.74%
  • • Asset Turnover: 1.27x
  • • Equity Multiplier: 5.25x
  • Recent ROE (18.30%) is below the historical average (22.00%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 38.07% 4.80% 1.34x 5.92x GBX11.65 Million
1996 33.03% 4.10% 1.34x 6.03x GBX10.18 Million
1997 80.62% 8.43% 1.20x 7.96x GBX41.17 Million
1998 0.00% 7.03% 1.17x 0.00x GBX57.82 Million
1999 150.87% 4.72% 1.72x 18.62x GBX64.80 Million
2000 27.81% 5.21% 1.08x 4.96x GBX59.88 Million
2001 19.43% 3.78% 1.20x 4.27x GBX37.72 Million
2002 17.64% 3.41% 1.23x 4.19x GBX32.00 Million
2003 24.27% 4.26% 1.32x 4.30x GBX57.33 Million
2004 25.87% 3.68% 1.37x 5.14x GBX56.01 Million
2005 50.54% 4.01% 1.42x 8.87x GBX86.71 Million
2006 33.68% 3.55% 1.45x 6.55x GBX75.58 Million
2007 15.38% 2.47% 1.46x 4.27x GBX32.08 Million
2008 17.41% 2.56% 0.97x 6.99x GBX51.24 Million
2009 18.26% 2.32% 1.05x 7.54x GBX64.82 Million
2010 14.76% 2.11% 1.12x 6.25x GBX42.62 Million
2011 11.05% 1.61% 1.22x 5.64x GBX9.84 Million
2012 22.85% 2.94% 1.26x 6.19x GBX110.34 Million
2013 4.40% 0.51% 1.25x 6.96x GBX-44.46 Million
2014 4.47% 0.81% 1.34x 4.13x GBX-66.94 Million
2015 5.16% 1.24% 1.15x 3.60x GBX-70.66 Million
2016 5.61% 1.73% 0.98x 3.32x GBX-70.58 Million
2017 5.46% 1.99% 0.98x 2.82x GBX-93.21 Million
2018 -19.99% -4.63% 1.20x 3.60x GBX-444.08 Million
2019 -4.30% -0.94% 1.20x 3.83x GBX-222.35 Million
2020 -27.05% -7.05% 0.55x 6.98x GBX-448.18 Million
2021 6.66% 1.82% 0.52x 7.04x GBX-39.40 Million
2022 72.60% 13.86% 1.20x 4.37x GBX548.74 Million
2023 11.77% 1.83% 1.08x 5.95x GBX13.08 Million
2024 -2.51% -0.34% 1.24x 6.01x GBX-79.23 Million
2025 18.30% 2.74% 1.27x 5.25x GBX57.83 Million

Industry Comparison

This section compares FirstGroup PLC's net assets metrics with peer companies in the Railroads industry.

Industry Context

  • Industry: Railroads
  • Average net assets among peers: $842,300,000
  • Average return on equity (ROE) among peers: -6.35%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
FirstGroup PLC (FGP) GBX640.00 Million 38.07% 4.25x $126.09K
Mobico Group Plc (MCG) $842.30 Million -6.35% 1.89x $15.77K