Apiam Animal Health Ltd
Apiam Animal Health Limited, a vertically integrated animal health company, provides veterinary products and services to production and companion, and equine animals in Australia. It operates through three segments: Clinical Vet Services, Feedlots, and Pigs. The company provides systems to assist in herd health programs; production advice; consulting services and products to assist in the prevent… Read more
Apiam Animal Health Ltd (AHX) - Net Assets
Latest net assets as of June 2025: AU$121.07 Million AUD
Based on the latest financial reports, Apiam Animal Health Ltd (AHX) has net assets worth AU$121.07 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$255.80 Million) and total liabilities (AU$134.72 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$121.07 Million |
| % of Total Assets | 47.33% |
| Annual Growth Rate | -1.65% |
| 5-Year Change | 49.81% |
| 10-Year Change | 161.66% |
| Growth Volatility | 27.01 |
Apiam Animal Health Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Apiam Animal Health 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 Apiam Animal Health Ltd (1997–2025)
The table below shows the annual net assets of Apiam Animal Health Ltd from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$121.07 Million | -0.79% |
| 2024-06-30 | AU$122.03 Million | +3.51% |
| 2023-06-30 | AU$117.90 Million | +8.48% |
| 2022-06-30 | AU$108.68 Million | +34.48% |
| 2021-06-30 | AU$80.82 Million | +18.09% |
| 2020-06-30 | AU$68.44 Million | +11.63% |
| 2019-06-30 | AU$61.31 Million | +4.40% |
| 2018-06-30 | AU$58.73 Million | +8.04% |
| 2017-06-30 | AU$54.36 Million | +17.48% |
| 2016-06-30 | AU$46.27 Million | +2.29% |
| 2015-06-30 | AU$45.23 Million | -74.66% |
| 2000-06-30 | AU$178.54 Million | -31.81% |
| 1999-06-30 | AU$261.84 Million | -3.01% |
| 1998-06-30 | AU$269.96 Million | +39.88% |
| 1997-06-30 | AU$193.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Apiam Animal Health 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 132.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$15.66 Million | 12.94% |
| Common Stock | AU$137.33 Million | 113.46% |
| Other Comprehensive Income | AU$-31.95 Million | -26.40% |
| Total Equity | AU$121.03 Million | 100.00% |
Apiam Animal Health Ltd Competitors by Market Cap
The table below lists competitors of Apiam Animal Health Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prairie Operating Co.
F:7C5
|
$40.18 Million |
|
e-Credible Co. Ltd
KQ:092130
|
$40.22 Million |
|
Forum Markets, Incorporated
NASDAQ:FRMM
|
$40.22 Million |
|
Lily Textile Co Ltd
TW:1443
|
$40.23 Million |
|
Ju Teng International Holdings Limited
TW:9136
|
$40.18 Million |
|
Tocvan Ventures Corp
OTCQB:TCVNF
|
$40.17 Million |
|
Gentian Diagnostics AS
OL:GENT
|
$40.17 Million |
|
Cerrado Gold Inc
OTCQX:CRDOF
|
$40.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apiam Animal Health Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 122,024,000 to 121,034,000, a change of -990,000 (-0.8%).
- Net income of 832,000 contributed positively to equity growth.
- Dividend payments of 2,611,000 reduced retained earnings.
- Other comprehensive income increased equity by 259,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$832.00K | +0.69% |
| Dividends Paid | AU$2.61 Million | -2.16% |
| Other Comprehensive Income | AU$259.00K | +0.21% |
| Other Changes | AU$530.00K | +0.44% |
| Total Change | AU$- | -0.81% |
Book Value vs Market Value Analysis
This analysis compares Apiam Animal Health 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: 1.35x
- 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 1.94x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-06-30 | AU$0.45 | AU$0.88 | x |
| 2016-06-30 | AU$0.76 | AU$0.88 | x |
| 2017-06-30 | AU$0.53 | AU$0.88 | x |
| 2018-06-30 | AU$0.57 | AU$0.88 | x |
| 2019-06-30 | AU$0.57 | AU$0.88 | x |
| 2020-06-30 | AU$0.58 | AU$0.88 | x |
| 2021-06-30 | AU$0.64 | AU$0.88 | x |
| 2022-06-30 | AU$0.79 | AU$0.88 | x |
| 2023-06-30 | AU$0.66 | AU$0.88 | x |
| 2024-06-30 | AU$0.67 | AU$0.88 | x |
| 2025-06-30 | AU$0.65 | AU$0.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apiam Animal Health Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.40%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 2.11x
- Recent ROE (0.69%) is below the historical average (0.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 7.51% | 7.33% | 0.52x | 1.98x | AU$-4.80 Million |
| 1998 | 5.71% | 6.30% | 0.56x | 1.62x | AU$-11.59 Million |
| 1999 | 3.74% | 3.18% | 0.63x | 1.85x | AU$-16.39 Million |
| 2000 | -44.50% | -22.03% | 0.87x | 2.31x | AU$-97.30 Million |
| 2015 | -1.68% | 0.00% | 0.00x | 1.70x | AU$-5.19 Million |
| 2016 | 0.11% | 0.09% | 0.69x | 1.71x | AU$-4.52 Million |
| 2017 | 9.36% | 5.13% | 1.03x | 1.77x | AU$-344.50K |
| 2018 | 5.64% | 3.08% | 1.01x | 1.81x | AU$-2.53 Million |
| 2019 | 5.23% | 2.83% | 1.07x | 1.73x | AU$-2.89 Million |
| 2020 | 6.19% | 3.52% | 0.84x | 2.10x | AU$-2.57 Million |
| 2021 | 6.37% | 4.03% | 0.80x | 1.97x | AU$-2.90 Million |
| 2022 | 4.27% | 2.95% | 0.79x | 1.83x | AU$-6.22 Million |
| 2023 | 1.93% | 1.19% | 0.78x | 2.09x | AU$-9.51 Million |
| 2024 | 4.04% | 2.41% | 0.80x | 2.10x | AU$-7.27 Million |
| 2025 | 0.69% | 0.40% | 0.81x | 2.11x | AU$-11.27 Million |
Industry Comparison
This section compares Apiam Animal Health Ltd's net assets metrics with peer companies in the Personal Services industry.
Industry Context
- Industry: Personal Services
- Average net assets among peers: $74,774,324
- Average return on equity (ROE) among peers: -6.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apiam Animal Health Ltd (AHX) | AU$121.07 Million | 7.51% | 1.11x | $40.18 Million |
| Af Legal Group Ltd (AFL) | $13.29 Million | -3.63% | 0.56x | $6.51 Million |
| Mayfield Childcare Ltd (MFD) | $27.15 Million | 15.74% | 0.61x | $4.28 Million |
| Mad Paws Holdings Ltd (MPA) | $21.43 Million | -49.04% | 0.53x | $16.79 Million |
| Shine Justice Ltd (SHJ) | $237.22 Million | 9.05% | 1.38x | $21.47 Million |