The Trendlines Group Ltd
The Trendlines Group Ltd. is an innovation commercialization company and a private equity and venture capital firm specializing in incubation, seed, start-up, early venture and late venture investments. The firm seeks to invest in food, medtech, clean technology, agrifood, agritechnology, healthcare, life sciences, with a focus on medical devices, biotechnology, and pharmaceuticals, security, med… Read more
The Trendlines Group Ltd (TRNGF) - Net Assets
Latest net assets as of June 2025: $64.63 Million USD
Based on the latest financial reports, The Trendlines Group Ltd (TRNGF) has net assets worth $64.63 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($73.26 Million) and total liabilities ($8.63 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 | $64.63 Million |
| % of Total Assets | 88.23% |
| Annual Growth Rate | -4.35% |
| 5-Year Change | -29.38% |
| 10-Year Change | N/A |
| Growth Volatility | 12.43 |
The Trendlines Group Ltd - Net Assets Trend (2017–2024)
This chart illustrates how The Trendlines Group 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 The Trendlines Group Ltd (2017–2024)
The table below shows the annual net assets of The Trendlines Group Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $68.03 Million | -1.51% |
| 2023-12-31 | $69.08 Million | -27.97% |
| 2022-12-31 | $95.90 Million | -6.48% |
| 2021-12-31 | $102.54 Million | +6.44% |
| 2020-12-31 | $96.33 Million | -3.44% |
| 2019-12-31 | $99.77 Million | +15.45% |
| 2018-12-31 | $86.42 Million | -6.95% |
| 2017-12-31 | $92.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Trendlines Group 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 293.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $109.18 Million | 159.27% |
| Total Equity | $68.55 Million | 100.00% |
The Trendlines Group Ltd Competitors by Market Cap
The table below lists competitors of The Trendlines Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TNS Holdings JSC
VN:TN1
|
$14.01 Million |
|
B&S Group SA
AS:BSGR
|
$14.01 Million |
|
Advanced Connection Technology
TWO:3492
|
$14.01 Million |
|
Sabuy Technology Public Company Limited
BK:SABUY
|
$14.01 Million |
|
Kiattana Transport Public Company Limited
BK:KIAT
|
$14.00 Million |
|
Ruchira Papers Limited
NSE:RUCHIRA
|
$14.00 Million |
|
Plan Optik AG
F:P4O
|
$14.00 Million |
|
Comvita Limited
PINK:CVNZF
|
$14.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Trendlines Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,892,000 to 68,551,000, a change of -2,341,000 (-3.3%).
- Net loss of 9,425,000 reduced equity.
- New share issuances of 5,645,000 increased equity.
- Other factors increased equity by 1,439,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.43 Million | -13.75% |
| Share Issuances | $5.64 Million | +8.23% |
| Other Changes | $1.44 Million | +2.1% |
| Total Change | $- | -3.30% |
Book Value vs Market Value Analysis
This analysis compares The Trendlines Group 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: 0.49x
- 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 increased from 0.20x to 0.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.15 | $0.03 | x |
| 2018-12-31 | $0.14 | $0.03 | x |
| 2019-12-31 | $0.13 | $0.03 | x |
| 2020-12-31 | $0.12 | $0.03 | x |
| 2021-12-31 | $0.13 | $0.03 | x |
| 2022-12-31 | $0.11 | $0.03 | x |
| 2023-12-31 | $0.07 | $0.03 | x |
| 2024-12-31 | $0.06 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Trendlines Group 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): -13.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -548.28%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.10x
- Recent ROE (-13.75%) is below the historical average (-9.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 4.19% | 24.72% | 0.13x | 1.28x | $-5.36 Million |
| 2018 | -7.12% | -425.66% | 0.01x | 1.28x | $-14.72 Million |
| 2019 | -0.48% | -4.98% | 0.08x | 1.26x | $-10.43 Million |
| 2020 | -3.88% | 0.00% | -0.03x | 1.21x | $-13.37 Million |
| 2021 | 6.37% | 57.31% | 0.09x | 1.17x | $-3.75 Million |
| 2022 | -14.93% | -404.70% | 0.03x | 1.11x | $-24.18 Million |
| 2023 | -47.95% | -756.12% | 0.06x | 1.10x | $-41.08 Million |
| 2024 | -13.75% | -548.28% | 0.02x | 1.10x | $-16.28 Million |
Industry Comparison
This section compares The Trendlines Group Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Trendlines Group Ltd (TRNGF) | $64.63 Million | 4.19% | 0.13x | $14.00 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |