Foresight Solar Fund Ltd
Foresight Solar Fund Limited (LSE:FSFL) specializes infrastructure investments in new energy and environment with a focus on solar power plants and solar farms. It seeks to invest in the United Kingdom.
Foresight Solar Fund Ltd (FSFL) - Net Assets
Latest net assets as of June 2025: GBX603.80 Million GBX
Based on the latest financial reports, Foresight Solar Fund Ltd (FSFL) has net assets worth GBX603.80 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX605.74 Million) and total liabilities (GBX1.94 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 | GBX603.80 Million |
| % of Total Assets | 99.68% |
| Annual Growth Rate | 13.57% |
| 5-Year Change | 8.97% |
| 10-Year Change | 127.28% |
| Growth Volatility | 17.03 |
Foresight Solar Fund Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Foresight Solar Fund Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Foresight Solar Fund Ltd (2013–2024)
The table below shows the annual net assets of Foresight Solar Fund Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX634.36 Million | -9.10% |
| 2023-12-31 | GBX697.89 Million | -9.54% |
| 2022-12-31 | GBX771.47 Million | +16.89% |
| 2021-12-31 | GBX660.00 Million | +13.37% |
| 2020-12-31 | GBX582.16 Million | -7.56% |
| 2019-12-31 | GBX629.74 Million | +3.19% |
| 2018-12-31 | GBX610.26 Million | +26.79% |
| 2017-12-31 | GBX481.31 Million | +37.21% |
| 2016-12-31 | GBX350.77 Million | +25.68% |
| 2015-12-31 | GBX279.11 Million | +33.01% |
| 2014-12-31 | GBX209.83 Million | +34.18% |
| 2014-06-30 | GBX156.39 Million | 0.00% |
| 2013-12-31 | GBX156.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Foresight Solar Fund Ltd'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 44.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX4.47 Million | 0.70% |
| Common Stock | GBX629.89 Million | 99.30% |
| Total Equity | GBX634.36 Million | 100.00% |
Foresight Solar Fund Ltd Competitors by Market Cap
The table below lists competitors of Foresight Solar Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Develpmts
PINK:GDVM
|
$75.25 |
|
Infinite Group, Inc. Common Stock
NASDAQ:IMCI
|
$75.36 |
|
Puhui Wealth Investment Management Co. Ltd.
PINK:PHCFF
|
$75.57 |
|
Pervez Ahmed Securities Ltd
KAR:PASL
|
$75.59 |
|
Amati AIM VCT plc
LSE:AMAT
|
$74.98 |
|
Foresight VCT PLC
LSE:FTV
|
$74.77 |
|
Oriental Peninsula Resources Group Inc
PSE:ORE
|
$74.68 |
|
Metro Alliance Holdings & Equities Corp
PSE:MAH
|
$74.63 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Foresight Solar Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 697,889,000 to 634,362,000, a change of -63,527,000 (-9.1%).
- Net income of 3,006,000 contributed positively to equity growth.
- Dividend payments of 44,734,000 reduced retained earnings.
- Share repurchases of 21,799,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX3.01 Million | +0.47% |
| Dividends Paid | GBX44.73 Million | -7.05% |
| Share Repurchases | GBX21.80 Million | -3.44% |
| Total Change | GBX- | -9.10% |
Book Value vs Market Value Analysis
This analysis compares Foresight Solar Fund Ltd'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: 57.54x
- 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 41.64x to 57.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | GBX1.53 | GBX63.60 | x |
| 2015-12-31 | GBX1.08 | GBX63.60 | x |
| 2016-12-31 | GBX1.18 | GBX63.60 | x |
| 2017-12-31 | GBX1.21 | GBX63.60 | x |
| 2018-12-31 | GBX1.26 | GBX63.60 | x |
| 2019-12-31 | GBX1.11 | GBX63.60 | x |
| 2020-12-31 | GBX0.96 | GBX63.60 | x |
| 2021-12-31 | GBX1.08 | GBX63.60 | x |
| 2022-12-31 | GBX1.26 | GBX63.60 | x |
| 2023-12-31 | GBX1.16 | GBX63.60 | x |
| 2024-12-31 | GBX1.11 | GBX63.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Foresight Solar Fund Ltd 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): 0.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.04%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.00x
- Recent ROE (0.47%) is below the historical average (6.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.86% | 59.79% | 0.05x | 1.26x | GBX-12.88 Million |
| 2015 | 5.45% | 85.45% | 0.04x | 1.57x | GBX-12.70 Million |
| 2016 | 8.76% | 98.58% | 0.09x | 1.00x | GBX-4.34 Million |
| 2017 | 7.29% | 98.02% | 0.07x | 1.00x | GBX-13.04 Million |
| 2018 | 9.18% | 98.22% | 0.09x | 1.00x | GBX-5.02 Million |
| 2019 | -1.71% | 0.00% | -0.02x | 1.00x | GBX-73.55 Million |
| 2020 | -1.24% | 0.00% | -0.01x | 1.00x | GBX-65.41 Million |
| 2021 | 17.86% | 99.05% | 0.18x | 1.00x | GBX51.89 Million |
| 2022 | 20.02% | 427.28% | 0.05x | 1.00x | GBX77.32 Million |
| 2023 | -1.33% | -29.13% | 0.05x | 1.00x | GBX-79.07 Million |
| 2024 | 0.47% | 27.04% | 0.02x | 1.00x | GBX-60.43 Million |
Industry Comparison
This section compares Foresight Solar Fund Ltd'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 |
|---|---|---|---|---|
| Foresight Solar Fund Ltd (FSFL) | GBX603.80 Million | 3.86% | 0.00x | $75.12 |
| 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 |