New Mountain Finance Corporation (NMFC) - Net Assets
Based on the latest financial reports, New Mountain Finance Corporation (NMFC) has net assets worth $1.26 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.09 Billion) and total liabilities ($1.83 Billion). 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 New Mountain Finance Corporation (NMFC) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.26 Billion |
| % of Total Assets | 40.88% |
| Annual Growth Rate | 26.82% |
| 5-Year Change | 9.9% |
| 10-Year Change | 62.42% |
| Growth Volatility | 193.16 |
New Mountain Finance Corporation - Net Assets Trend (2008–2024)
This chart illustrates how New Mountain Finance Corporation's net assets have evolved over time, based on quarterly financial data. Also explore total assets of New Mountain Finance Corporation for the complete picture of this company's asset base.
Annual Net Assets for New Mountain Finance Corporation (2008–2024)
The table below shows the annual net assets of New Mountain Finance Corporation from 2008 to 2024. For live valuation and market cap data, see NMFC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.36 Billion | +2.07% |
| 2023-12-31 | $1.33 Billion | +0.42% |
| 2022-12-31 | $1.33 Billion | -1.22% |
| 2021-12-31 | $1.34 Billion | +8.55% |
| 2020-12-31 | $1.24 Billion | -3.63% |
| 2019-12-31 | $1.28 Billion | +27.55% |
| 2018-12-31 | $1.01 Billion | -2.77% |
| 2017-12-31 | $1.03 Billion | +10.27% |
| 2016-12-31 | $938.56 Million | +12.15% |
| 2015-12-31 | $836.91 Million | +4.33% |
| 2014-12-31 | $802.17 Million | +320.46% |
| 2013-12-31 | $190.78 Million | -44.20% |
| 2012-12-31 | $341.93 Million | +307.74% |
| 2011-12-31 | $-164.59 Million | -168.03% |
| 2010-12-31 | $241.93 Million | +1.04% |
| 2009-12-31 | $239.44 Million | +688.83% |
| 2008-12-31 | $30.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Mountain Finance Corporation'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 1359200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.08 Million | 0.08% |
| Other Components | $1.37 Billion | 100.92% |
| Total Equity | $1.36 Billion | 100.00% |
New Mountain Finance Corporation Competitors by Market Cap
The table below lists competitors of New Mountain Finance Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formosa Taffeta Co Ltd
TW:1434
|
$842.81 Million |
|
Macmic Science & Technology Co Ltd
SHG:688711
|
$842.85 Million |
|
Svenska Handelsbanken AB (publ)
ST:SHB-B
|
$842.94 Million |
|
Close Brothers Group plc
F:CS3
|
$843.01 Million |
|
Clinica Baviera
MC:CBAV
|
$842.36 Million |
|
EnTie Commercial Bank Ltd
TW:2849
|
$841.87 Million |
|
Radius Recycling, Inc.
NASDAQ:RDUS
|
$841.73 Million |
|
ENEFIT GREEN AS
F:I6B
|
$841.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Mountain Finance Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,319,951,000 to 1,359,291,000, a change of 39,340,000 (3.0%).
- Net income of 113,443,000 contributed positively to equity growth.
- Dividend payments of 147,193,000 reduced retained earnings.
- New share issuances of 67,690,000 increased equity.
- Other comprehensive income increased equity by 162,751,000.
- Other factors decreased equity by 157,351,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $113.44 Million | +8.35% |
| Dividends Paid | $147.19 Million | -10.83% |
| Share Issuances | $67.69 Million | +4.98% |
| Other Comprehensive Income | $162.75 Million | +11.97% |
| Other Changes | $-157.35 Million | -11.58% |
| Total Change | $- | 2.98% |
Book Value vs Market Value Analysis
This analysis compares New Mountain Finance Corporation'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: 0.08x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.30x to 0.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $28.37 | $8.60 | x |
| 2009-12-31 | $223.82 | $8.60 | x |
| 2010-12-31 | $226.15 | $8.60 | x |
| 2011-12-31 | $97.90 | $8.60 | x |
| 2012-12-31 | $230.09 | $8.60 | x |
| 2013-12-31 | $185.25 | $8.60 | x |
| 2014-12-31 | $142.84 | $8.60 | x |
| 2015-12-31 | $124.97 | $8.60 | x |
| 2016-12-31 | $128.81 | $8.60 | x |
| 2017-12-31 | $123.22 | $8.60 | x |
| 2018-12-31 | $113.54 | $8.60 | x |
| 2019-12-31 | $127.75 | $8.60 | x |
| 2020-12-31 | $126.19 | $8.60 | x |
| 2021-12-31 | $119.88 | $8.60 | x |
| 2022-12-31 | $113.88 | $8.60 | x |
| 2023-12-31 | $106.89 | $8.60 | x |
| 2024-12-31 | $108.34 | $8.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Mountain Finance Corporation 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): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.39%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.39x
- Recent ROE (8.35%) is below the historical average (12.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -3.88% | -460.72% | 0.00x | 2.03x | $-4.21 Million |
| 2009 | 52.49% | 213.39% | 0.18x | 1.38x | $101.74 Million |
| 2010 | 26.37% | 59.25% | 0.23x | 1.90x | $39.60 Million |
| 2011 | 21.77% | 56.04% | 0.39x | 1.00x | $17.13 Million |
| 2012 | 9.30% | 64.21% | 0.14x | 1.01x | $-2.41 Million |
| 2013 | 9.52% | 64.30% | 0.15x | 1.00x | $-3.09 Million |
| 2014 | 5.68% | 63.97% | 0.05x | 1.89x | $-34.64 Million |
| 2015 | 3.94% | 92.38% | 0.02x | 1.91x | $-50.74 Million |
| 2016 | 11.90% | 98.83% | 0.07x | 1.76x | $17.82 Million |
| 2017 | 10.57% | 99.48% | 0.06x | 1.86x | $5.90 Million |
| 2018 | 7.19% | 95.44% | 0.03x | 2.43x | $-28.27 Million |
| 2019 | 8.77% | 103.15% | 0.03x | 2.54x | $-15.78 Million |
| 2020 | 4.79% | 97.48% | 0.02x | 2.54x | $-63.71 Million |
| 2021 | 15.24% | 98.90% | 0.06x | 2.49x | $69.27 Million |
| 2022 | 5.69% | 21.52% | 0.10x | 2.55x | $-56.72 Million |
| 2023 | 10.25% | 39.58% | 0.11x | 2.39x | $3.35 Million |
| 2024 | 8.35% | 34.39% | 0.10x | 2.39x | $-22.49 Million |
Industry Comparison
This section compares New Mountain Finance Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Mountain Finance Corporation (NMFC) | $1.26 Billion | -3.88% | 1.45x | $842.78 Million |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About New Mountain Finance Corporation
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in "defensive growth" industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first an… Read more