Worldsec Ltd
Worldsec Limited, a closed-ended investment company, invests in small and medium sized trading companies in the Greater China and South East Asian regions. The company was founded in 1991 and is based in Sheung Wan, Hong Kong.
Worldsec Ltd (WSL) - Net Assets
Latest net assets as of June 2025: GBX5.34 Million GBX
Based on the latest financial reports, Worldsec Ltd (WSL) has net assets worth GBX5.34 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 (GBX5.43 Million) and total liabilities (GBX90.00K). 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 | GBX5.34 Million |
| % of Total Assets | 98.34% |
| Annual Growth Rate | -7.15% |
| 5-Year Change | -4.08% |
| 10-Year Change | 73.55% |
| Growth Volatility | 119.8 |
Worldsec Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Worldsec 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 Worldsec Ltd (2000–2024)
The table below shows the annual net assets of Worldsec Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX5.43 Million | -1.16% |
| 2023-12-31 | GBX5.50 Million | +1.03% |
| 2022-12-31 | GBX5.44 Million | -13.78% |
| 2021-12-31 | GBX6.31 Million | +11.42% |
| 2020-12-31 | GBX5.67 Million | +20.51% |
| 2019-12-31 | GBX4.70 Million | -12.44% |
| 2018-12-31 | GBX5.37 Million | +112.13% |
| 2017-12-31 | GBX2.53 Million | -13.85% |
| 2016-12-31 | GBX2.94 Million | -6.16% |
| 2015-12-31 | GBX3.13 Million | -16.80% |
| 2014-12-31 | GBX3.76 Million | -11.33% |
| 2013-12-31 | GBX4.24 Million | +569.40% |
| 2012-12-31 | GBX634.00K | -32.35% |
| 2011-12-31 | GBX937.12K | -23.07% |
| 2010-12-31 | GBX1.22 Million | -13.31% |
| 2009-12-31 | GBX1.41 Million | -17.57% |
| 2008-12-31 | GBX1.70 Million | -13.19% |
| 2007-12-31 | GBX1.96 Million | -9.93% |
| 2006-12-31 | GBX2.18 Million | +1.07% |
| 2005-12-31 | GBX2.16 Million | -17.80% |
| 2004-12-31 | GBX2.62 Million | -77.19% |
| 2003-12-31 | GBX11.51 Million | -28.18% |
| 2002-12-31 | GBX16.02 Million | -33.82% |
| 2001-12-31 | GBX24.21 Million | -24.90% |
| 2000-12-31 | GBX32.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Worldsec 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 295.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX85.00K | 1.56% |
| Other Comprehensive Income | GBX830.00K | 15.27% |
| Other Components | GBX17.17 Million | 315.97% |
| Total Equity | GBX5.43 Million | 100.00% |
Worldsec Ltd Competitors by Market Cap
The table below lists competitors of Worldsec Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brite-Strike Tactical Illumination Products Inc
PINK:BSTK
|
$129.64 |
|
CVR Medical Corp
STU:B3BN
|
$129.66 |
|
W.A.G payment solutions plc
LSE:EWG
|
$130.04 |
|
Unicap Modaraba
KAR:UCAPM
|
$130.12 |
|
Sante Technology Holdings Inc
PINK:SNTE
|
$129.13 |
|
RSXYZ Public Company Limited
BK:RSXYZ
|
$129.12 |
|
The Egyptian Company for Construction Development-Lift Slab
EGX:EDBM
|
$129.07 |
|
TELLABS
MU:TLA
|
$128.88 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Worldsec Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,498,000 to 5,434,000, a change of -64,000 (-1.2%).
- Net loss of 55,000 reduced equity.
- Other comprehensive income decreased equity by 9,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-55.00K | -1.01% |
| Other Comprehensive Income | GBX-9.00K | -0.17% |
| Other Changes | GBX1.00 | +0.0% |
| Total Change | GBX- | -1.16% |
Book Value vs Market Value Analysis
This analysis compares Worldsec 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: 19.58x
- 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 8.51x to 19.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | GBX0.15 | GBX1.25 | x |
| 2008-12-31 | GBX0.13 | GBX1.25 | x |
| 2009-12-31 | GBX0.11 | GBX1.25 | x |
| 2010-12-31 | GBX0.09 | GBX1.25 | x |
| 2011-12-31 | GBX0.07 | GBX1.25 | x |
| 2012-12-31 | GBX0.05 | GBX1.25 | x |
| 2013-12-31 | GBX0.15 | GBX1.25 | x |
| 2014-12-31 | GBX0.07 | GBX1.25 | x |
| 2015-12-31 | GBX0.06 | GBX1.25 | x |
| 2016-12-31 | GBX0.05 | GBX1.25 | x |
| 2017-12-31 | GBX0.04 | GBX1.25 | x |
| 2018-12-31 | GBX0.07 | GBX1.25 | x |
| 2019-12-31 | GBX0.06 | GBX1.25 | x |
| 2020-12-31 | GBX0.07 | GBX1.25 | x |
| 2021-12-31 | GBX0.07 | GBX1.25 | x |
| 2022-12-31 | GBX0.06 | GBX1.25 | x |
| 2023-12-31 | GBX0.06 | GBX1.25 | x |
| 2024-12-31 | GBX0.06 | GBX1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Worldsec 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): -1.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.81%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.04x
- Recent ROE (-1.01%) is above the historical average (-13.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -11.04% | -555.98% | 0.02x | 1.16x | GBX-413.18K |
| 2008 | -15.14% | -8603.38% | 0.00x | 1.20x | GBX-428.56K |
| 2009 | -21.40% | 0.00% | 0.00x | 1.20x | GBX-441.25K |
| 2010 | -15.30% | 0.00% | 0.00x | 1.22x | GBX-308.13K |
| 2011 | -29.52% | -2127.92% | 0.01x | 1.30x | GBX-370.34K |
| 2012 | -47.95% | 0.00% | 0.00x | 1.43x | GBX-367.40K |
| 2013 | -6.43% | 0.00% | 0.00x | 1.11x | GBX-697.40K |
| 2014 | -12.62% | -5937.50% | 0.00x | 1.10x | GBX-851.30K |
| 2015 | -20.57% | -670.83% | 0.03x | 1.14x | GBX-957.10K |
| 2016 | -17.49% | -535.42% | 0.03x | 1.04x | GBX-807.80K |
| 2017 | -16.79% | -442.71% | 0.04x | 1.06x | GBX-678.10K |
| 2018 | -27.38% | -1080.88% | 0.02x | 1.03x | GBX-2.01 Million |
| 2019 | -14.98% | -502.86% | 0.03x | 1.04x | GBX-1.17 Million |
| 2020 | 16.66% | 63.19% | 0.25x | 1.06x | GBX377.50K |
| 2021 | 10.08% | 51.92% | 0.19x | 1.04x | GBX4.80K |
| 2022 | -15.49% | 0.00% | -0.04x | 1.04x | GBX-1.39 Million |
| 2023 | 1.05% | 9.22% | 0.11x | 1.05x | GBX-491.80K |
| 2024 | -1.01% | -10.81% | 0.09x | 1.04x | GBX-598.40K |
Industry Comparison
This section compares Worldsec 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 |
|---|---|---|---|---|
| Worldsec Ltd (WSL) | GBX5.34 Million | -11.04% | 0.02x | $129.43 |
| 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 |