Third Point Investors Limited
Third Point Offshore Investors Limited is a close ended feeder fund launched and managed by Third Point LLC. The fund invests its entire corpus in Third Point Offshore Fund Ltd. It seeks to benchmark the performance of its portfolio against the S&P 500 TR USD. The fund was formed on July 20, 2007 and is domiciled in Guernsey, Channel Islands.
Third Point Investors Limited (TPNTF) - Net Assets
Latest net assets as of December 2024: $567.11 Million USD
Based on the latest financial reports, Third Point Investors Limited (TPNTF) has net assets worth $567.11 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($569.13 Million) and total liabilities ($2.02 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 | $567.11 Million |
| % of Total Assets | 99.64% |
| Annual Growth Rate | 1.74% |
| 5-Year Change | -39.67% |
| 10-Year Change | -32.16% |
| Growth Volatility | 17.0 |
Third Point Investors Limited - Net Assets Trend (2009–2024)
This chart illustrates how Third Point Investors Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Third Point Investors Limited (2009–2024)
The table below shows the annual net assets of Third Point Investors Limited from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $567.11 Million | -11.11% |
| 2023-12-31 | $637.97 Million | -5.74% |
| 2022-12-31 | $676.84 Million | -35.98% |
| 2021-12-31 | $1.06 Billion | +12.47% |
| 2020-12-31 | $940.01 Million | +12.63% |
| 2019-12-31 | $834.56 Million | +2.57% |
| 2018-12-31 | $813.64 Million | -19.79% |
| 2017-12-31 | $1.01 Billion | +15.38% |
| 2016-12-31 | $879.19 Million | +5.18% |
| 2015-12-31 | $835.91 Million | -2.88% |
| 2014-12-31 | $860.71 Million | +0.77% |
| 2013-12-31 | $854.15 Million | +22.92% |
| 2012-12-31 | $694.86 Million | +17.54% |
| 2011-12-31 | $591.15 Million | +0.03% |
| 2010-12-31 | $590.97 Million | +34.99% |
| 2009-12-31 | $437.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Third Point Investors Limited'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $567.11 Million | 100.00% |
| Total Equity | $567.11 Million | 100.00% |
Third Point Investors Limited Competitors by Market Cap
The table below lists competitors of Third Point Investors Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DELUXE
MU:DL8
|
$241.00K |
|
Handeni Gold Inc
PINK:HNDI
|
$241.01K |
|
OFS Capital Corporation 7.50% Notes due 2028
NASDAQ:OFSSO
|
$241.05K |
|
Mydecine Innovations Group Inc
PINK:MYCOF
|
$241.12K |
|
Bentley Capital Ltd
AU:BEL
|
$240.90K |
|
Kaival Brands Innovations Group Inc
NASDAQ:KAVL
|
$240.82K |
|
SCHNITZER STEEL-A
BE:SS1A
|
$240.69K |
|
Gex Management Inc
PINK:GXXM
|
$240.56K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Third Point Investors Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 637,967,666 to 567,105,693, a change of -70,861,973 (-11.1%).
- Net income of 114,273,784 contributed positively to equity growth.
- Other factors decreased equity by 185,135,757.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $114.27 Million | +20.15% |
| Other Changes | $-185.14 Million | -32.65% |
| Total Change | $- | -11.11% |
Book Value vs Market Value Analysis
This analysis compares Third Point Investors Limited'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: 0.80x
- 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 1.21x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $20.21 | $24.40 | x |
| 2010-12-31 | $27.40 | $24.40 | x |
| 2011-12-31 | $27.54 | $24.40 | x |
| 2012-12-31 | $30.27 | $24.40 | x |
| 2013-12-31 | $41.81 | $24.40 | x |
| 2014-12-31 | $41.78 | $24.40 | x |
| 2015-12-31 | $40.54 | $24.40 | x |
| 2016-12-31 | $35.49 | $24.40 | x |
| 2017-12-31 | $42.80 | $24.40 | x |
| 2018-12-31 | $34.49 | $24.40 | x |
| 2019-12-31 | $37.28 | $24.40 | x |
| 2020-12-31 | $27.04 | $24.40 | x |
| 2021-12-31 | $38.96 | $24.40 | x |
| 2022-12-31 | $29.47 | $24.40 | x |
| 2023-12-31 | $29.61 | $24.40 | x |
| 2024-12-31 | $30.42 | $24.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Third Point Investors Limited 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): 20.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 92.96%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.00x
- Recent ROE (20.15%) is above the historical average (5.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -3.71% | -90.58% | 0.04x | 1.00x | $-60.01 Million |
| 2010 | -1.33% | -42.88% | 0.03x | 1.00x | $-66.93 Million |
| 2011 | -0.23% | -21.25% | 0.01x | 1.00x | $-60.47 Million |
| 2012 | 19.24% | 95.46% | 0.20x | 1.00x | $64.21 Million |
| 2013 | 23.63% | 97.25% | 0.24x | 1.00x | $116.38 Million |
| 2014 | 6.03% | 91.69% | 0.06x | 1.05x | $-34.16 Million |
| 2015 | -2.97% | 0.00% | -0.02x | 1.00x | $-108.39 Million |
| 2016 | 4.92% | 89.14% | 0.06x | 1.00x | $-44.64 Million |
| 2017 | 16.82% | 94.51% | 0.18x | 1.00x | $69.18 Million |
| 2018 | -14.28% | 0.00% | -0.13x | 1.00x | $-197.54 Million |
| 2019 | 16.42% | 93.30% | 0.18x | 1.00x | $53.54 Million |
| 2020 | 17.28% | 95.78% | 0.18x | 1.00x | $68.47 Million |
| 2021 | 18.82% | 93.31% | 0.18x | 1.14x | $93.30 Million |
| 2022 | -37.48% | -253.29% | 0.12x | 1.22x | $-321.35 Million |
| 2023 | 1.79% | 28.59% | 0.06x | 1.00x | $-52.38 Million |
| 2024 | 20.15% | 92.96% | 0.22x | 1.00x | $57.56 Million |
Industry Comparison
This section compares Third Point Investors Limited's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Third Point Investors Limited (TPNTF) | $567.11 Million | -3.71% | 0.00x | $240.93K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |