First Growth Funds Ltd
First Growth Funds Limited is a private equity firm specializing in all stages of the investment cycle. The firm seeks to invest in any industry and geography. It manages a portfolio of investments covering small and medium companies that are listed on the Australian Securities Exchange or seeking investment ahead of an initial public offering. The firm invests across a broad range of asset class… Read more
First Growth Funds Ltd (MTOMF) - Net Assets
Latest net assets as of June 2025: $1.60 Million USD
Based on the latest financial reports, First Growth Funds Ltd (MTOMF) has net assets worth $1.60 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 ($1.70 Million) and total liabilities ($95.17K). 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 | $1.60 Million |
| % of Total Assets | 94.4% |
| Annual Growth Rate | -29.23% |
| 5-Year Change | -85.0% |
| 10-Year Change | N/A |
| Growth Volatility | 26.33 |
First Growth Funds Ltd - Net Assets Trend (2020–2025)
This chart illustrates how First Growth Funds 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 First Growth Funds Ltd (2020–2025)
The table below shows the annual net assets of First Growth Funds Ltd from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $1.60 Million | -44.58% |
| 2024-06-30 | $2.89 Million | -10.54% |
| 2023-06-30 | $3.23 Million | -31.48% |
| 2022-06-30 | $4.72 Million | -55.84% |
| 2021-06-30 | $10.69 Million | +18.37% |
| 2020-06-30 | $9.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Growth Funds 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 742507700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $67.64 Million | 4219.58% |
| Total Equity | $1.60 Million | 100.00% |
First Growth Funds Ltd Competitors by Market Cap
The table below lists competitors of First Growth Funds Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aesthetic Medical International Holdings Group Limited
NASDAQ:PAIYY
|
$618.35K |
|
Crown Point Energy Inc
PINK:CWVLF
|
$619.09K |
|
EGR EXPL LTD
F:Z0R
|
$619.17K |
|
Leafly Holdings Inc
NASDAQ:LFLY
|
$619.39K |
|
Clara Resources Australia Ltd
AU:C7A
|
$617.91K |
|
Kiboko Gold Inc
V:KIB
|
$617.32K |
|
Astron Connect Inc
V:AST
|
$617.16K |
|
Aibotics Inc.
PINK:AIBT
|
$616.86K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Growth Funds Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,892,295 to 1,602,903, a change of -1,289,392 (-44.6%).
- Net loss of 1,289,391 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.29 Million | -80.44% |
| Other Changes | $-1.00 | -0.0% |
| Total Change | $- | -44.58% |
Book Value vs Market Value Analysis
This analysis compares First Growth Funds 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: 0.44x
- 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 0.08x to 0.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.12 | $0.01 | x |
| 2021-06-30 | $0.14 | $0.01 | x |
| 2022-06-30 | $0.06 | $0.01 | x |
| 2023-06-30 | $0.04 | $0.01 | x |
| 2024-06-30 | $0.04 | $0.01 | x |
| 2025-06-30 | $0.02 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Growth Funds 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): -80.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.53x
- • Equity Multiplier: 1.06x
- Recent ROE (-80.44%) is below the historical average (-39.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 10.35% | 29.20% | 0.35x | 1.01x | $31.54K |
| 2021 | 15.52% | 58.79% | 0.26x | 1.01x | $589.41K |
| 2022 | -126.47% | 0.00% | -1.05x | 1.02x | $-6.44 Million |
| 2023 | -45.95% | 0.00% | -0.17x | 1.02x | $-1.81 Million |
| 2024 | -11.78% | 0.00% | -0.04x | 1.02x | $-629.93K |
| 2025 | -80.44% | 0.00% | -0.53x | 1.06x | $-1.45 Million |
Industry Comparison
This section compares First Growth Funds 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 |
|---|---|---|---|---|
| First Growth Funds Ltd (MTOMF) | $1.60 Million | 10.35% | 0.06x | $618.14K |
| 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 |