Henderson Far East Income Ltd (HFEL) - Net Assets
Based on the latest financial reports, Henderson Far East Income Ltd (HFEL) has net assets worth GBX518.90 Million GBX (≈ $63.14K USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX584.94 Million ≈ $71.17K USD) and total liabilities (GBX66.04 Million ≈ $8.03K 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. Check Henderson Far East Income Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX518.90 Million |
| % of Total Assets | 88.71% |
| Annual Growth Rate | 6.58% |
| 5-Year Change | -9.94% |
| 10-Year Change | 5.38% |
| Growth Volatility | 13.48 |
Henderson Far East Income Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Henderson Far East Income Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HFEL market cap overview.
Annual Net Assets for Henderson Far East Income Ltd (2000–2025)
The table below shows the annual net assets of Henderson Far East Income Ltd from 2000 to 2025. Also explore Henderson Far East Income Ltd (HFEL) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | GBX407.66 Million ≈ $49.60K |
+11.35% |
| 2024-08-31 | GBX366.10 Million ≈ $44.54K |
+1.12% |
| 2023-08-31 | GBX362.03 Million ≈ $44.05K |
-16.88% |
| 2022-08-31 | GBX435.58 Million ≈ $53.00K |
-3.77% |
| 2021-08-31 | GBX452.64 Million ≈ $55.07K |
+6.27% |
| 2020-08-31 | GBX425.93 Million ≈ $51.82K |
-9.21% |
| 2019-08-31 | GBX469.12 Million ≈ $57.08K |
+6.38% |
| 2018-08-31 | GBX441.00 Million ≈ $53.66K |
-0.33% |
| 2017-08-31 | GBX442.48 Million ≈ $53.84K |
+14.38% |
| 2016-08-31 | GBX386.86 Million ≈ $47.07K |
+25.68% |
| 2015-08-31 | GBX307.82 Million ≈ $37.45K |
-13.29% |
| 2014-08-31 | GBX355.02 Million ≈ $43.20K |
+8.97% |
| 2013-08-31 | GBX325.80 Million ≈ $39.64K |
+8.42% |
| 2012-08-31 | GBX300.50 Million ≈ $36.56K |
+4.56% |
| 2011-08-31 | GBX287.39 Million ≈ $34.97K |
+0.87% |
| 2010-08-31 | GBX284.92 Million ≈ $34.67K |
+32.21% |
| 2009-08-31 | GBX215.50 Million ≈ $26.22K |
+6.09% |
| 2008-08-31 | GBX203.13 Million ≈ $24.72K |
-2.68% |
| 2007-08-31 | GBX208.74 Million ≈ $25.40K |
+22.47% |
| 2006-08-31 | GBX170.43 Million ≈ $20.74K |
+8.47% |
| 2005-08-31 | GBX157.12 Million ≈ $19.12K |
+36.68% |
| 2004-08-31 | GBX114.95 Million ≈ $13.99K |
+10.85% |
| 2003-08-31 | GBX103.70 Million ≈ $12.62K |
+30.25% |
| 2002-08-31 | GBX79.62 Million ≈ $9.69K |
+3.89% |
| 2001-08-31 | GBX76.64 Million ≈ $9.32K |
-7.42% |
| 2000-08-31 | GBX82.78 Million ≈ $10.07K |
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Equity Component Analysis
This analysis shows how different components contribute to Henderson Far East Income 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 grown by 896.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX29.83 Million | 7.32% |
| Common Stock | GBX311.85 Million | 76.50% |
| Other Comprehensive Income | GBX65.98 Million | 16.18% |
| Total Equity | GBX407.66 Million | 100.00% |
Henderson Far East Income Ltd Competitors by Market Cap
The table below lists competitors of Henderson Far East Income Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elcora Advanced Materials Corp
V:ERA
|
$7.60 Million |
|
J-Long Group Limited
NASDAQ:JL
|
$7.60 Million |
|
Redcastle Resources Ltd
AU:RC1
|
$7.61 Million |
|
Solteq PLC
HE:SOLTEQ
|
$7.62 Million |
|
Search Minerals Inc
V:SMY
|
$7.58 Million |
|
Panca Mitra Multiperdana Tbk PT
JK:PMMP
|
$7.58 Million |
|
Hilton Food Group Plc
LSE:HFG
|
$7.58 Million |
|
Mathios Refractories S.A.
AT:MATHIO
|
$7.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henderson Far East Income Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 366,104,000 to 407,659,000, a change of 41,555,000 (11.4%).
- Net income of 45,112,000 contributed positively to equity growth.
- Dividend payments of 42,701,000 reduced retained earnings.
- New share issuances of 39,021,000 increased equity.
- Other comprehensive income increased equity by 2,432,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX45.11 Million | +11.07% |
| Dividends Paid | GBX42.70 Million | -10.47% |
| Share Issuances | GBX39.02 Million | +9.57% |
| Other Comprehensive Income | GBX2.43 Million | +0.6% |
| Other Changes | GBX-2.31 Million | -0.57% |
| Total Change | GBX- | 11.35% |
Book Value vs Market Value Analysis
This analysis compares Henderson Far East Income 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: 111.71x
- 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 99.10x to 111.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-08-31 | GBX2.69 | GBX266.50 | x |
| 2008-08-31 | GBX2.62 | GBX266.50 | x |
| 2009-08-31 | GBX2.73 | GBX266.50 | x |
| 2010-08-31 | GBX3.11 | GBX266.50 | x |
| 2011-08-31 | GBX2.91 | GBX266.50 | x |
| 2012-08-31 | GBX2.97 | GBX266.50 | x |
| 2013-08-31 | GBX3.17 | GBX266.50 | x |
| 2014-08-31 | GBX3.36 | GBX266.50 | x |
| 2015-08-31 | GBX2.79 | GBX266.50 | x |
| 2016-08-31 | GBX3.39 | GBX266.50 | x |
| 2017-08-31 | GBX3.82 | GBX266.50 | x |
| 2018-08-31 | GBX3.64 | GBX266.50 | x |
| 2019-08-31 | GBX3.72 | GBX266.50 | x |
| 2020-08-31 | GBX3.10 | GBX266.50 | x |
| 2021-08-31 | GBX3.11 | GBX266.50 | x |
| 2022-08-31 | GBX2.99 | GBX266.50 | x |
| 2023-08-31 | GBX2.28 | GBX266.50 | x |
| 2024-08-31 | GBX2.25 | GBX266.50 | x |
| 2025-08-31 | GBX2.39 | GBX266.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henderson Far East Income 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): 11.07%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.36%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.15x
- Recent ROE (11.07%) is above the historical average (5.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 15.59% | 91.47% | 0.16x | 1.07x | GBX11.66 Million |
| 2008 | 1.73% | 69.01% | 0.02x | 1.06x | GBX-16.79 Million |
| 2009 | 3.59% | 85.17% | 0.04x | 1.01x | GBX-13.82 Million |
| 2010 | 15.37% | 95.01% | 0.16x | 1.02x | GBX15.29 Million |
| 2011 | 1.98% | 74.28% | 0.03x | 1.01x | GBX-23.06 Million |
| 2012 | 8.24% | 91.46% | 0.08x | 1.07x | GBX-5.28 Million |
| 2013 | 10.06% | 92.53% | 0.10x | 1.11x | GBX185.20K |
| 2014 | 10.30% | 92.92% | 0.10x | 1.08x | GBX1.05 Million |
| 2015 | -13.07% | 0.00% | -0.11x | 1.12x | GBX-71.03 Million |
| 2016 | 24.65% | 96.92% | 0.24x | 1.07x | GBX56.69 Million |
| 2017 | 15.19% | 95.40% | 0.15x | 1.08x | GBX22.96 Million |
| 2018 | 1.50% | 62.22% | 0.02x | 1.07x | GBX-37.51 Million |
| 2019 | 6.03% | 88.74% | 0.07x | 1.04x | GBX-18.61 Million |
| 2020 | -11.46% | 0.00% | -0.10x | 1.04x | GBX-91.41 Million |
| 2021 | 6.56% | 87.00% | 0.07x | 1.06x | GBX-15.59 Million |
| 2022 | 1.83% | 62.81% | 0.03x | 1.05x | GBX-35.60 Million |
| 2023 | -15.53% | 0.00% | -0.13x | 1.09x | GBX-92.44 Million |
| 2024 | 10.74% | 89.84% | 0.11x | 1.05x | GBX2.72 Million |
| 2025 | 11.07% | 84.36% | 0.11x | 1.15x | GBX4.35 Million |
Industry Comparison
This section compares Henderson Far East Income Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $971,344,300
- Average return on equity (ROE) among peers: 2.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henderson Far East Income Ltd (HFEL) | GBX518.90 Million | 15.59% | 0.13x | $7.59 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $44.16 Million |
| Albion Enterprise VCT PLC (AAEV) | $278.53 Million | 5.11% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $5.50 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $7.56 Million |
| Albion Technology & General VCT PLC (AATG) | $78.03 Million | -0.40% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $52.13 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $413.68 Million | 2.10% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $316.90 Million | -0.37% | 0.13x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $241.60 Million | 17.22% | 0.01x | $439.05 |
About Henderson Far East Income Ltd
Henderson Far East Income Limited is a closed ended balanced mutual fund launched and managed by Henderson Investment Funds Limited. The fund is managed by Henderson Global Investors Limited. It invests in the public equity and fixed income markets of Pacific, Australasia, Japan, and India. The fund invests in stocks of companies operating across diversified sectors. Henderson Far East Income Ltd… Read more