First Property Group plc (FPO) - Net Assets
Based on the latest financial reports, First Property Group plc (FPO) has net assets worth GBX50.72 Million GBX (≈ $6.17K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX69.90 Million ≈ $8.50K USD) and total liabilities (GBX19.18 Million ≈ $2.33K 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 FPO capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX50.72 Million |
| % of Total Assets | 72.56% |
| Annual Growth Rate | 10.81% |
| 5-Year Change | 11.53% |
| 10-Year Change | -4.16% |
| Growth Volatility | 836.73 |
First Property Group plc - Net Assets Trend (1995–2026)
This chart illustrates how First Property Group plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see First Property Group plc market capitalisation.
Annual Net Assets for First Property Group plc (1995–2026)
The table below shows the annual net assets of First Property Group plc from 1995 to 2026. Also explore FPO net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | GBX50.72 Million ≈ $6.17K |
+7.19% |
| 2025-03-31 | GBX47.32 Million ≈ $5.76K |
+15.60% |
| 2024-03-31 | GBX40.93 Million ≈ $4.98K |
-98.17% |
| 2023-12-31 | GBX2.24 Billion ≈ $272.04K |
+4816.68% |
| 2023-03-31 | GBX45.48 Million ≈ $5.53K |
+5.77% |
| 2022-03-31 | GBX42.99 Million ≈ $5.23K |
+16.23% |
| 2021-03-31 | GBX36.99 Million ≈ $4.50K |
-23.27% |
| 2020-03-31 | GBX48.20 Million ≈ $5.87K |
+4.14% |
| 2019-03-31 | GBX46.29 Million ≈ $5.63K |
-12.54% |
| 2018-03-31 | GBX52.92 Million ≈ $6.44K |
+21.86% |
| 2017-03-31 | GBX43.43 Million ≈ $5.28K |
+27.39% |
| 2016-03-31 | GBX34.09 Million ≈ $4.15K |
+9.90% |
| 2015-03-31 | GBX31.02 Million ≈ $3.77K |
+32.21% |
| 2014-03-31 | GBX23.46 Million ≈ $2.85K |
+26.53% |
| 2013-03-31 | GBX18.54 Million ≈ $2.26K |
+6.85% |
| 2012-03-31 | GBX17.36 Million ≈ $2.11K |
+4.73% |
| 2011-03-31 | GBX16.57 Million ≈ $2.02K |
+5.86% |
| 2010-03-31 | GBX15.65 Million ≈ $1.90K |
+15.07% |
| 2009-03-31 | GBX13.60 Million ≈ $1.66K |
+12.72% |
| 2008-03-31 | GBX12.07 Million ≈ $1.47K |
+56.09% |
| 2007-03-31 | GBX7.73 Million ≈ $940.76 |
+10.58% |
| 2006-03-31 | GBX6.99 Million ≈ $850.72 |
+7.32% |
| 2005-03-31 | GBX6.51 Million ≈ $792.69 |
+136.39% |
| 2004-03-31 | GBX2.76 Million ≈ $335.33 |
+24.76% |
| 2003-03-31 | GBX2.21 Million ≈ $268.77 |
-53.71% |
| 2002-03-31 | GBX4.77 Million ≈ $580.61 |
-42.81% |
| 2001-03-31 | GBX8.34 Million ≈ $1.02K |
+127.48% |
| 2000-03-31 | GBX3.67 Million ≈ $446.29 |
+62.16% |
| 1999-03-31 | GBX2.26 Million ≈ $275.22 |
+14.76% |
| 1998-03-31 | GBX1.97 Million ≈ $239.81 |
+10.36% |
| 1997-03-31 | GBX1.79 Million ≈ $217.30 |
+56.39% |
| 1996-03-31 | GBX1.14 Million ≈ $138.95 |
-45.75% |
| 1995-03-31 | GBX2.10 Million ≈ $256.12 |
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Equity Component Analysis
This analysis shows how different components contribute to First Property 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 4099200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX40.89 Million | 84.81% |
| Common Stock | GBX1.54 Million | 3.19% |
| Other Comprehensive Income | GBX1.26 Million | 2.61% |
| Other Components | GBX4.53 Million | 9.39% |
| Total Equity | GBX48.22 Million | 100.00% |
First Property Group plc Competitors by Market Cap
The table below lists competitors of First Property Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
London Finance and Investment Group PLC
LSE:LFI
|
$266.47K |
|
Scworx Corp
NASDAQ:WORX
|
$266.73K |
|
Alchimie Sa
PA:ALCHI
|
$268.27K |
|
VATIC VENTURES CORP.
F:V8V
|
$268.78K |
|
SMG EUROPEAN RECOV. EO 1
F:RCVR
|
$265.31K |
|
CANDELARIA MINING CORP
F:29LN
|
$262.83K |
|
VEGANO FOODS INC.
F:P0D0
|
$261.07K |
|
Critical Metals Plc
LSE:CRTM
|
$260.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Property Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 45,090,000 to 48,219,000, a change of 3,129,000 (6.9%).
- Net income of 2,683,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,259,000.
- Other factors decreased equity by 813,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX2.68 Million | +5.56% |
| Other Comprehensive Income | GBX1.26 Million | +2.61% |
| Other Changes | GBX-813.00K | -1.69% |
| Total Change | GBX- | 6.94% |
Book Value vs Market Value Analysis
This analysis compares First Property 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: 45.38x
- 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 104.34x to 45.38x 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 | GBX0.14 | GBX14.75 | x |
| 1996-03-31 | GBX0.08 | GBX14.75 | x |
| 1997-03-31 | GBX0.09 | GBX14.75 | x |
| 1998-03-31 | GBX0.05 | GBX14.75 | x |
| 1999-03-31 | GBX0.06 | GBX14.75 | x |
| 2000-03-31 | GBX0.09 | GBX14.75 | x |
| 2001-03-31 | GBX0.16 | GBX14.75 | x |
| 2002-03-31 | GBX0.05 | GBX14.75 | x |
| 2003-03-31 | GBX0.02 | GBX14.75 | x |
| 2004-03-31 | GBX0.03 | GBX14.75 | x |
| 2005-03-31 | GBX0.06 | GBX14.75 | x |
| 2006-03-31 | GBX0.06 | GBX14.75 | x |
| 2007-03-31 | GBX0.06 | GBX14.75 | x |
| 2008-03-31 | GBX0.10 | GBX14.75 | x |
| 2009-03-31 | GBX0.12 | GBX14.75 | x |
| 2010-03-31 | GBX0.14 | GBX14.75 | x |
| 2011-03-31 | GBX0.14 | GBX14.75 | x |
| 2012-03-31 | GBX0.15 | GBX14.75 | x |
| 2013-03-31 | GBX0.15 | GBX14.75 | x |
| 2014-03-31 | GBX0.19 | GBX14.75 | x |
| 2015-03-31 | GBX0.25 | GBX14.75 | x |
| 2016-03-31 | GBX0.27 | GBX14.75 | x |
| 2017-03-31 | GBX0.34 | GBX14.75 | x |
| 2018-03-31 | GBX0.39 | GBX14.75 | x |
| 2019-03-31 | GBX0.41 | GBX14.75 | x |
| 2020-03-31 | GBX0.42 | GBX14.75 | x |
| 2021-03-31 | GBX0.33 | GBX14.75 | x |
| 2022-03-31 | GBX0.38 | GBX14.75 | x |
| 2023-03-31 | GBX0.38 | GBX14.75 | x |
| 2023-12-31 | GBX7.39 | GBX14.75 | x |
| 2024-03-31 | GBX0.35 | GBX14.75 | x |
| 2025-03-31 | GBX0.35 | GBX14.75 | x |
| 2026-03-31 | GBX0.33 | GBX14.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Property 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): 5.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.77%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.45x
- Recent ROE (5.56%) is above the historical average (0.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | -4.66% | -9.03% | 0.31x | 1.67x | GBX-308.50K |
| 1996 | -33.98% | -3.55% | 2.43x | 3.94x | GBX-502.20K |
| 1997 | -59.24% | -10.96% | 2.41x | 2.25x | GBX-1.24 Million |
| 1998 | 9.39% | 2.80% | 1.87x | 1.80x | GBX-12.10K |
| 1999 | -0.93% | -0.30% | 2.43x | 1.29x | GBX-247.20K |
| 2000 | -6.24% | -14.09% | 0.41x | 1.09x | GBX-595.80K |
| 2001 | -13.95% | 0.00% | 0.00x | 1.06x | GBX-2.00 Million |
| 2002 | -82.08% | -1052.96% | 0.06x | 1.29x | GBX-4.39 Million |
| 2003 | -113.94% | -110.35% | 0.54x | 1.90x | GBX-2.74 Million |
| 2004 | 22.42% | 16.50% | 0.69x | 1.97x | GBX342.40K |
| 2005 | 14.89% | 17.17% | 0.80x | 1.08x | GBX318.50K |
| 2006 | 7.82% | 6.58% | 0.83x | 1.44x | GBX-152.20K |
| 2007 | 12.44% | 12.21% | 0.82x | 1.24x | GBX188.20K |
| 2008 | 37.19% | 28.63% | 0.89x | 1.46x | GBX3.26 Million |
| 2009 | 22.57% | 27.10% | 0.46x | 1.82x | GBX1.69 Million |
| 2010 | 14.92% | 35.57% | 0.26x | 1.64x | GBX757.70K |
| 2011 | 13.06% | 30.08% | 0.17x | 2.57x | GBX501.30K |
| 2012 | 18.70% | 34.21% | 0.21x | 2.60x | GBX1.49 Million |
| 2013 | 14.15% | 24.14% | 0.23x | 2.53x | GBX753.80K |
| 2014 | 23.40% | 29.27% | 0.22x | 3.56x | GBX3.02 Million |
| 2015 | 27.31% | 44.12% | 0.12x | 5.07x | GBX5.18 Million |
| 2016 | 15.56% | 22.81% | 0.14x | 5.01x | GBX1.79 Million |
| 2017 | 19.38% | 33.10% | 0.13x | 4.37x | GBX3.79 Million |
| 2018 | 14.45% | 26.53% | 0.14x | 3.94x | GBX2.08 Million |
| 2019 | 11.94% | 26.98% | 0.17x | 2.66x | GBX896.80K |
| 2020 | 10.11% | 29.83% | 0.13x | 2.59x | GBX54.30K |
| 2021 | -20.25% | -61.47% | 0.15x | 2.21x | GBX-11.13 Million |
| 2022 | 15.85% | 78.42% | 0.11x | 1.80x | GBX2.50 Million |
| 2023 | 4.42% | 26.47% | 0.09x | 1.92x | GBX-2.43 Million |
| 2023 | 10.67% | 24.44% | 0.15x | 2.92x | GBX15.08 Million |
| 2024 | -11.76% | -58.36% | 0.10x | 1.94x | GBX-8.48 Million |
| 2025 | 4.74% | 28.32% | 0.10x | 1.75x | GBX-2.37 Million |
| 2026 | 5.56% | 30.77% | 0.12x | 1.45x | GBX-2.14 Million |
Industry Comparison
This section compares First Property Group plc's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $307,512,000
- Average return on equity (ROE) among peers: 4.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Property Group plc (FPO) | GBX50.72 Million | -4.66% | 0.38x | $265.33K |
| Alina Holdings PLC (ALNA) | $53.84 Million | -1.32% | 2.72x | $24.85K |
| Cardiff Property PLC (CDFF) | $16.88 Million | 9.63% | 0.29x | $331.99K |
| Fletcher King Plc (FLK) | $4.18 Million | 5.57% | 0.32x | $41.16K |
| Foxtons Group Plc (FOXT) | $144.97 Million | 8.86% | 0.88x | $1.32 Million |
| GRIT Real Estate Income Group (GR1T) | $394.53 Million | 7.11% | 1.19x | $388.80K |
| Grainger PLC (GRI) | $38.14 Million | 3.11% | 3.16x | $15.01 Million |
| Globalworth REIT (GWI) | $1.60 Billion | -3.38% | 1.15x | $533.45 Million |
| Helical Bar Plc (HLCL) | $26.73 Million | 14.31% | 2.25x | $2.83 Million |
| IWG PLC (IWG) | $485.80 Million | 0.31% | 1.35x | $20.17 Million |
About First Property Group plc
First Property Group plc is a real estate investment firm. It provides fund management, financial, and technical services to the property industry in the United Kingdom and other European countries. The firm manages commercial properties of various fund investors, as well as involves in property investment and trading, property equity finance, and online activities. It also engages in the facilit… Read more