FirstGroup PLC (FGP) - Net Assets
Based on the latest financial reports, FirstGroup PLC (FGP) has net assets worth GBX640.00 Million GBX (≈ $77.87K USD) 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 ≈ $408.90K USD) and total liabilities (GBX2.72 Billion ≈ $331.03K 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. Explore FirstGroup PLC operating cash flow efficiency to assess how effectively this company generates cash.
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 FirstGroup PLC long-term investment allocation to see how much of total assets are deployed in long-term investments.
Annual Net Assets for FirstGroup PLC (1995–2025)
The table below shows the annual net assets of FirstGroup PLC from 1995 to 2025. For live valuation and market cap data, see FirstGroup PLC (FGP) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX712.50 Million ≈ $86.69K |
+11.03% |
| 2024-03-31 | GBX641.70 Million ≈ $78.08K |
-14.53% |
| 2023-03-31 | GBX750.80 Million ≈ $91.35K |
-15.17% |
| 2022-03-31 | GBX885.10 Million ≈ $107.69K |
-23.31% |
| 2021-03-31 | GBX1.15 Billion ≈ $140.42K |
-1.92% |
| 2020-03-31 | GBX1.18 Billion ≈ $143.17K |
-22.75% |
| 2019-03-31 | GBX1.52 Billion ≈ $185.34K |
+2.19% |
| 2018-03-31 | GBX1.49 Billion ≈ $181.36K |
-28.19% |
| 2017-03-31 | GBX2.08 Billion ≈ $252.58K |
+27.11% |
| 2016-03-31 | GBX1.63 Billion ≈ $198.71K |
+9.89% |
| 2015-03-31 | GBX1.49 Billion ≈ $180.83K |
+21.52% |
| 2014-03-31 | GBX1.22 Billion ≈ $148.80K |
+49.27% |
| 2013-03-31 | GBX819.30 Million ≈ $99.69K |
-7.00% |
| 2012-03-31 | GBX881.00 Million ≈ $107.19K |
-7.35% |
| 2011-03-31 | GBX950.90 Million ≈ $115.70K |
+4.44% |
| 2010-03-31 | GBX910.50 Million ≈ $110.78K |
+13.20% |
| 2009-03-31 | GBX804.30 Million ≈ $97.86K |
+14.12% |
| 2008-03-31 | GBX704.80 Million ≈ $85.75K |
+16.05% |
| 2007-03-31 | GBX607.30 Million ≈ $73.89K |
+82.98% |
| 2006-03-31 | GBX331.90 Million ≈ $40.38K |
+47.84% |
| 2005-03-31 | GBX224.50 Million ≈ $27.32K |
-36.76% |
| 2004-03-31 | GBX355.00 Million ≈ $43.19K |
-11.87% |
| 2003-03-31 | GBX402.80 Million ≈ $49.01K |
-4.10% |
| 2002-03-31 | GBX420.00 Million ≈ $51.10K |
+4.82% |
| 2001-03-31 | GBX400.70 Million ≈ $48.75K |
+15.81% |
| 2000-03-31 | GBX346.00 Million ≈ $42.10K |
+545.52% |
| 1999-03-31 | GBX53.60 Million ≈ $6.52K |
+379.17% |
| 1998-03-31 | GBX-19.20 Million ≈ $-2.34K |
-132.71% |
| 1997-03-31 | GBX58.70 Million ≈ $7.14K |
+31.61% |
| 1996-03-31 | GBX44.60 Million ≈ $5.43K |
+6.70% |
| 1995-03-31 | GBX41.80 Million ≈ $5.09K |
-- |
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 |
|---|---|
|
Electronic City Indonesia Tbk
JK:ECII
|
$11.25 Million |
|
Dycasa SA
BA:DYCA
|
$11.25 Million |
|
KDA Group Inc
V:KDA
|
$11.25 Million |
|
Taranis Resources Inc
V:TRO
|
$11.26 Million |
|
TalkPool AG
ST:TALK
|
$11.25 Million |
|
Max Resource Corp
V:MAX
|
$11.24 Million |
|
Sirona Biochem Corp
V:SBM
|
$11.23 Million |
|
InnSuites Hospitality Trust
NYSE MKT:IHT
|
$11.23 Million |
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: 152.12x
- 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 1040.53x to 152.12x 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 | GBX170.20 | x |
| 1996-03-31 | GBX0.17 | GBX170.20 | x |
| 1997-03-31 | GBX0.16 | GBX170.20 | x |
| 1998-03-31 | GBX-0.05 | GBX170.20 | x |
| 1999-03-31 | GBX0.10 | GBX170.20 | x |
| 2000-03-31 | GBX0.69 | GBX170.20 | x |
| 2001-03-31 | GBX0.77 | GBX170.20 | x |
| 2002-03-31 | GBX0.81 | GBX170.20 | x |
| 2003-03-31 | GBX0.78 | GBX170.20 | x |
| 2004-03-31 | GBX0.70 | GBX170.20 | x |
| 2005-03-31 | GBX0.43 | GBX170.20 | x |
| 2006-03-31 | GBX0.66 | GBX170.20 | x |
| 2007-03-31 | GBX1.21 | GBX170.20 | x |
| 2008-03-31 | GBX1.28 | GBX170.20 | x |
| 2009-03-31 | GBX1.34 | GBX170.20 | x |
| 2010-03-31 | GBX1.51 | GBX170.20 | x |
| 2011-03-31 | GBX1.57 | GBX170.20 | x |
| 2012-03-31 | GBX1.45 | GBX170.20 | x |
| 2013-03-31 | GBX1.34 | GBX170.20 | x |
| 2014-03-31 | GBX1.14 | GBX170.20 | x |
| 2015-03-31 | GBX1.21 | GBX170.20 | x |
| 2016-03-31 | GBX1.33 | GBX170.20 | x |
| 2017-03-31 | GBX1.69 | GBX170.20 | x |
| 2018-03-31 | GBX1.23 | GBX170.20 | x |
| 2019-03-31 | GBX1.28 | GBX170.20 | x |
| 2020-03-31 | GBX1.00 | GBX170.20 | x |
| 2021-03-31 | GBX0.96 | GBX170.20 | x |
| 2022-03-31 | GBX0.80 | GBX170.20 | x |
| 2023-03-31 | GBX0.97 | GBX170.20 | x |
| 2024-03-31 | GBX0.96 | GBX170.20 | x |
| 2025-03-31 | GBX1.12 | GBX170.20 | 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 | $11.25 Million |
| Mobico Group Plc (MCG) | $842.30 Million | -6.35% | 1.89x | $1.73 Million |
About FirstGroup PLC
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