Adairs Ltd
Adairs Limited operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand. The company operates through three segments: Adairs, Focus on Furniture, and Mocka. It offers bedroom products, such as bedlinen, bedding, and bedroom furniture and accessories; bathroom and laundry products, including towels, bath mats and runners, bathrobes and s… Read more
Adairs Ltd (ADH) - Net Assets
Latest net assets as of June 2025: AU$225.17 Million AUD
Based on the latest financial reports, Adairs Ltd (ADH) has net assets worth AU$225.17 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$655.95 Million) and total liabilities (AU$430.77 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 | AU$225.17 Million |
| % of Total Assets | 34.33% |
| Annual Growth Rate | 16.31% |
| 5-Year Change | 36.75% |
| 10-Year Change | 135.56% |
| Growth Volatility | 307.42 |
Adairs Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Adairs 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 Adairs Ltd (2000–2025)
The table below shows the annual net assets of Adairs Ltd from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$225.17 Million | +0.90% |
| 2024-06-30 | AU$223.16 Million | +10.36% |
| 2023-06-30 | AU$202.22 Million | +2.19% |
| 2022-06-30 | AU$197.88 Million | +20.18% |
| 2021-06-30 | AU$164.66 Million | +17.14% |
| 2020-06-30 | AU$140.57 Million | +18.81% |
| 2019-06-30 | AU$118.32 Million | +1.84% |
| 2018-06-30 | AU$116.18 Million | +15.82% |
| 2017-06-30 | AU$100.31 Million | +4.94% |
| 2016-06-30 | AU$95.59 Million | +22.63% |
| 2015-06-30 | AU$77.95 Million | +86.04% |
| 2014-06-30 | AU$41.90 Million | +20.28% |
| 2013-06-30 | AU$34.84 Million | +0.71% |
| 2012-06-30 | AU$34.59 Million | -9.76% |
| 2011-06-30 | AU$38.33 Million | +1347.27% |
| 2003-06-30 | AU$2.65 Million | -34.56% |
| 2002-06-30 | AU$4.05 Million | -28.93% |
| 2001-06-30 | AU$5.70 Million | +10.58% |
| 2000-06-30 | AU$5.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adairs 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 grown by 16605000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$134.72 Million | 59.83% |
| Common Stock | AU$91.49 Million | 40.63% |
| Other Comprehensive Income | AU$-1.05 Million | -0.46% |
| Total Equity | AU$225.17 Million | 100.00% |
Adairs Ltd Competitors by Market Cap
The table below lists competitors of Adairs Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liaoning Dingjide Petrochemical Co. Ltd.
SHG:603255
|
$157.76 Million |
|
TortoiseEcofin Acquisition Corp. III
PINK:TRTLF
|
$157.84 Million |
|
Hangzhou Landscaping Incorporated
SHG:605303
|
$157.95 Million |
|
Serko Limited
PINK:SERKF
|
$158.03 Million |
|
COLTENE Holding AG
PINK:CLHLF
|
$157.65 Million |
|
Thesis Gold Inc
OTCQX:THSGF
|
$157.64 Million |
|
Ziprecruiter Inc
NYSE:ZIP
|
$157.61 Million |
|
ZongTai Real Estate Development Co Ltd
TW:3056
|
$157.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adairs Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 223,164,000 to 225,172,000, a change of 2,008,000 (0.9%).
- Net income of 25,682,000 contributed positively to equity growth.
- Dividend payments of 19,749,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,156,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$25.68 Million | +11.41% |
| Dividends Paid | AU$19.75 Million | -8.77% |
| Other Comprehensive Income | AU$-4.16 Million | -1.85% |
| Other Changes | AU$231.00K | +0.1% |
| Total Change | AU$- | 0.90% |
Book Value vs Market Value Analysis
This analysis compares Adairs 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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.64x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$0.23 | AU$1.53 | x |
| 2014-06-30 | AU$0.28 | AU$1.53 | x |
| 2015-06-30 | AU$0.51 | AU$1.53 | x |
| 2016-06-30 | AU$0.58 | AU$1.53 | x |
| 2017-06-30 | AU$0.60 | AU$1.53 | x |
| 2018-06-30 | AU$0.70 | AU$1.53 | x |
| 2019-06-30 | AU$0.71 | AU$1.53 | x |
| 2020-06-30 | AU$0.83 | AU$1.53 | x |
| 2021-06-30 | AU$0.94 | AU$1.53 | x |
| 2022-06-30 | AU$1.14 | AU$1.53 | x |
| 2023-06-30 | AU$1.17 | AU$1.53 | x |
| 2024-06-30 | AU$1.27 | AU$1.53 | x |
| 2025-06-30 | AU$1.26 | AU$1.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adairs Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.16%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.91x
- Recent ROE (11.41%) is above the historical average (5.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -61.59% | -23.93% | 2.52x | 1.02x | AU$-3.69 Million |
| 2001 | -6.20% | -68.02% | 0.09x | 1.03x | AU$-922.50K |
| 2002 | -34.84% | -372.05% | 0.08x | 1.11x | AU$-1.81 Million |
| 2003 | -52.80% | -149.42% | 0.32x | 1.11x | AU$-1.66 Million |
| 2013 | -2.51% | -0.42% | 1.22x | 4.88x | AU$-4.36 Million |
| 2014 | 16.19% | 4.04% | 0.90x | 4.45x | AU$2.59 Million |
| 2015 | 3.77% | 1.40% | 1.34x | 2.02x | AU$-4.85 Million |
| 2016 | 28.43% | 10.73% | 1.38x | 1.92x | AU$17.61 Million |
| 2017 | 20.95% | 7.93% | 1.38x | 1.92x | AU$10.99 Million |
| 2018 | 26.30% | 9.71% | 1.61x | 1.68x | AU$18.94 Million |
| 2019 | 25.05% | 8.61% | 1.70x | 1.72x | AU$17.81 Million |
| 2020 | 25.10% | 9.07% | 1.00x | 2.77x | AU$21.22 Million |
| 2021 | 38.71% | 12.75% | 1.20x | 2.52x | AU$47.28 Million |
| 2022 | 22.69% | 7.95% | 0.90x | 3.17x | AU$25.10 Million |
| 2023 | 18.71% | 6.09% | 1.04x | 2.95x | AU$17.62 Million |
| 2024 | 13.93% | 5.23% | 0.97x | 2.74x | AU$8.77 Million |
| 2025 | 11.41% | 4.16% | 0.94x | 2.91x | AU$3.16 Million |
Industry Comparison
This section compares Adairs Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $157,324,022
- Average return on equity (ROE) among peers: 53.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adairs Ltd (ADH) | AU$225.17 Million | -61.59% | 1.91x | $157.74 Million |
| Adore Beauty Group Ltd (ABY) | $15.36 Million | -8.00% | 1.58x | $16.96 Million |
| Bapcor Ltd (BAP) | $722.19 Million | 13.43% | 0.87x | $107.46 Million |
| Baby Bunting Group Ltd (BBN) | $92.72 Million | 8.99% | 0.32x | $116.98 Million |
| Beacon Lighting Group Ltd (BLX) | $38.20 Million | 30.88% | 1.01x | $106.16 Million |
| Cash Converters International (CCV) | $261.70 Million | -8.21% | 0.69x | $64.44 Million |
| Dusk Group Ltd (DSK) | $37.50 Million | 11.38% | 1.34x | $25.59 Million |
| JB Hi-Fi Ltd (JBH) | $229.25 Million | 41.19% | 1.89x | $5.14 Billion |
| Joyce Corporation Ltd (JYC) | $17.60 Million | 4.00% | 3.05x | $40.49 Million |
| Lovisa Holdings Ltd (LOV) | $1.39 Million | 386.86% | 14.64x | $822.49 Million |