Adairs Ltd (ADH) - Net Assets

Latest as of June 2025: AU$225.17 Million AUD ≈ $159.32 Million USD

Based on the latest financial reports, Adairs Ltd (ADH) has net assets worth AU$225.17 Million AUD (≈ $159.32 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 (AU$655.95 Million ≈ $464.12 Million USD) and total liabilities (AU$430.77 Million ≈ $304.80 Million USD). 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 ADH cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore ADH current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Adairs Ltd (2000–2025)

The table below shows the annual net assets of Adairs Ltd from 2000 to 2025. For live valuation and market cap data, see ADH stock market capitalisation.

Year	Net Assets	Change
2025-06-30	AU$225.17 Million ≈ $159.32 Million	+0.90%
2024-06-30	AU$223.16 Million ≈ $157.90 Million	+10.36%
2023-06-30	AU$202.22 Million ≈ $143.08 Million	+2.19%
2022-06-30	AU$197.88 Million ≈ $140.01 Million	+20.18%
2021-06-30	AU$164.66 Million ≈ $116.51 Million	+17.14%
2020-06-30	AU$140.57 Million ≈ $99.46 Million	+18.81%
2019-06-30	AU$118.32 Million ≈ $83.72 Million	+1.84%
2018-06-30	AU$116.18 Million ≈ $82.20 Million	+15.82%
2017-06-30	AU$100.31 Million ≈ $70.98 Million	+4.94%
2016-06-30	AU$95.59 Million ≈ $67.64 Million	+22.63%
2015-06-30	AU$77.95 Million ≈ $55.16 Million	+86.04%
2014-06-30	AU$41.90 Million ≈ $29.65 Million	+20.28%
2013-06-30	AU$34.84 Million ≈ $24.65 Million	+0.71%
2012-06-30	AU$34.59 Million ≈ $24.48 Million	-9.76%
2011-06-30	AU$38.33 Million ≈ $27.12 Million	+1347.27%
2003-06-30	AU$2.65 Million ≈ $1.87 Million	-34.56%
2002-06-30	AU$4.05 Million ≈ $2.86 Million	-28.93%
2001-06-30	AU$5.70 Million ≈ $4.03 Million	+10.58%
2000-06-30	AU$5.15 Million ≈ $3.64 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
Samart Corporation Public Company Limited BK:SAMART	$163.13 Million
Cyberlink Co TW:5203	$163.15 Million
Stellar V Capital Corp. Class A Ordinary Shares NASDAQ:SVCC	$163.17 Million
Powercell Sweden ST:PCELL	$163.23 Million
Precision Camshafts Limited NSE:PRECAM	$163.09 Million
Immunic Inc NASDAQ:IMUX	$163.08 Million
Shenyang Cuihua Gold and Silver Jewelry Co Ltd SHE:002731	$163.05 Million
Vivozon Healthcare Inc KQ:082800	$162.99 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: 1.03x
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 5.64x to 1.03x 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$1.30	x
2014-06-30	AU$0.28	AU$1.30	x
2015-06-30	AU$0.51	AU$1.30	x
2016-06-30	AU$0.58	AU$1.30	x
2017-06-30	AU$0.60	AU$1.30	x
2018-06-30	AU$0.70	AU$1.30	x
2019-06-30	AU$0.71	AU$1.30	x
2020-06-30	AU$0.83	AU$1.30	x
2021-06-30	AU$0.94	AU$1.30	x
2022-06-30	AU$1.14	AU$1.30	x
2023-06-30	AU$1.17	AU$1.30	x
2024-06-30	AU$1.27	AU$1.30	x
2025-06-30	AU$1.26	AU$1.30	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: $514,689,407
Average return on equity (ROE) among peers: 14.54%

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	$163.12 Million
Adore Beauty Group Ltd (ABY)	$34.26 Million	2.47%	0.65x	$25.60 Million
Bapcor Ltd (BAP)	$642.35 Million	14.74%	0.91x	$138.09 Million
Baby Bunting Group Ltd (BBN)	$107.76 Million	16.27%	1.80x	$137.00 Million
Beacon Lighting Group Ltd (BLX)	$38.20 Million	30.88%	1.01x	$248.28 Million
Cash Converters International (CCV)	$27.45 Million	5.44%	1.13x	$153.12 Million
Dusk Group Ltd (DSK)	$37.50 Million	11.38%	1.34x	$33.70 Million
Harvey Norman Holdings Ltd (HVN)	$2.69 Billion	12.97%	0.65x	$3.96 Billion
JB Hi-Fi Ltd (JBH)	$1.04 Billion	23.92%	1.46x	$6.04 Billion
Joyce Corporation Ltd (JYC)	$11.92 Million	12.80%	2.32x	$123.44 Million

About Adairs Ltd

AU:ADH Australia Specialty Retail

Market Cap

$163.12 Million

AU$230.54 Million AUD

Market Cap Rank

#17293 Global

#513 in Australia

Share Price

AU$1.30

Change (1 day)

+0.00%

52-Week Range

AU$1.27 - AU$2.87

All Time High

AU$4.03