Foresight Solar Fund Ltd (FSFL) - Net Assets
Based on the latest financial reports, Foresight Solar Fund Ltd (FSFL) has net assets worth GBX603.80 Million GBX (≈ $73.46K USD) 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 ≈ $73.70K USD) and total liabilities (GBX1.94 Million ≈ $236.41 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. Read Foresight Solar Fund Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
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. Also explore FSFL current and non-current assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Foresight Solar Fund Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX634.36 Million ≈ $77.18K |
-9.10% |
| 2023-12-31 | GBX697.89 Million ≈ $84.91K |
-9.54% |
| 2022-12-31 | GBX771.47 Million ≈ $93.87K |
+16.89% |
| 2021-12-31 | GBX660.00 Million ≈ $80.30K |
+13.37% |
| 2020-12-31 | GBX582.16 Million ≈ $70.83K |
-7.56% |
| 2019-12-31 | GBX629.74 Million ≈ $76.62K |
+3.19% |
| 2018-12-31 | GBX610.26 Million ≈ $74.25K |
+26.79% |
| 2017-12-31 | GBX481.31 Million ≈ $58.56K |
+37.21% |
| 2016-12-31 | GBX350.77 Million ≈ $42.68K |
+25.68% |
| 2015-12-31 | GBX279.11 Million ≈ $33.96K |
+33.01% |
| 2014-12-31 | GBX209.83 Million ≈ $25.53K |
+34.18% |
| 2014-06-30 | GBX156.39 Million ≈ $19.03K |
0.00% |
| 2013-12-31 | GBX156.39 Million ≈ $19.03K |
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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 |
|---|---|
|
Simble Solutions Ltd
AU:SIS
|
$4.35 Million |
|
Aptose Biosciences Inc
TO:APS
|
$4.36 Million |
|
zSpace, Inc. Common stock
NASDAQ:ZSPC
|
$4.36 Million |
|
Nichols
LSE:NICL
|
$4.36 Million |
|
Terregra Asia Energy PT
JK:TGRA
|
$4.35 Million |
|
Gratomic Inc
V:GRAT
|
$4.35 Million |
|
Groupe JAJ
PA:GJAJ
|
$4.34 Million |
|
Zenvia Inc
NASDAQ:ZENV
|
$4.34 Million |
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: 58.99x
- 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 42.68x to 58.99x 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 | GBX65.20 | x |
| 2015-12-31 | GBX1.08 | GBX65.20 | x |
| 2016-12-31 | GBX1.18 | GBX65.20 | x |
| 2017-12-31 | GBX1.21 | GBX65.20 | x |
| 2018-12-31 | GBX1.26 | GBX65.20 | x |
| 2019-12-31 | GBX1.11 | GBX65.20 | x |
| 2020-12-31 | GBX0.96 | GBX65.20 | x |
| 2021-12-31 | GBX1.08 | GBX65.20 | x |
| 2022-12-31 | GBX1.26 | GBX65.20 | x |
| 2023-12-31 | GBX1.16 | GBX65.20 | x |
| 2024-12-31 | GBX1.11 | GBX65.20 | 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: $745,852,800
- Average return on equity (ROE) among peers: 2.99%
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 | $4.35 Million |
| 3I Infrastructure PLC (3IN) | $1.20 Billion | 4.98% | 0.15x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $61.87 Million | 11.55% | 0.03x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $431.87 Million | 14.17% | 0.08x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $98.67 Million | 9.82% | 0.09x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $64.83 Million | 5.63% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $4.56 Billion | 10.22% | 39.48x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $426.87 Million | 6.29% | 0.20x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $174.91 Million | -21.80% | 0.02x | $415.29 |
About 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.