Ampol Ltd (ALD) - Net Assets
Based on the latest financial reports, Ampol Ltd (ALD) has net assets worth AU$3.45 Billion AUD (≈ $2.44 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$12.70 Billion ≈ $8.99 Billion USD) and total liabilities (AU$9.25 Billion ≈ $6.54 Billion 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 Ampol Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$3.45 Billion |
| % of Total Assets | 27.18% |
| Annual Growth Rate | 5.57% |
| 5-Year Change | 3.16% |
| 10-Year Change | 22.85% |
| Growth Volatility | 16.03 |
Ampol Ltd - Net Assets Trend (1987–2025)
This chart illustrates how Ampol Ltd's net assets have evolved over time, based on quarterly financial data. See Ampol Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ampol Ltd (1987–2025)
The table below shows the annual net assets of Ampol Ltd from 1987 to 2025. For live valuation and market cap data, see Ampol Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$3.45 Billion ≈ $2.44 Billion |
-3.56% |
| 2024-12-31 | AU$3.58 Billion ≈ $2.53 Billion |
-9.96% |
| 2023-12-31 | AU$3.98 Billion ≈ $2.81 Billion |
-1.83% |
| 2022-12-31 | AU$4.05 Billion ≈ $2.87 Billion |
+21.01% |
| 2021-12-31 | AU$3.35 Billion ≈ $2.37 Billion |
+3.79% |
| 2020-12-31 | AU$3.22 Billion ≈ $2.28 Billion |
-1.40% |
| 2019-12-31 | AU$3.27 Billion ≈ $2.31 Billion |
-3.50% |
| 2018-12-31 | AU$3.39 Billion ≈ $2.40 Billion |
+9.05% |
| 2017-12-31 | AU$3.11 Billion ≈ $2.20 Billion |
+10.59% |
| 2016-12-31 | AU$2.81 Billion ≈ $1.99 Billion |
+0.80% |
| 2015-12-31 | AU$2.79 Billion ≈ $1.97 Billion |
+10.08% |
| 2014-12-31 | AU$2.53 Billion ≈ $1.79 Billion |
-2.48% |
| 2013-12-31 | AU$2.60 Billion ≈ $1.84 Billion |
+20.26% |
| 2012-12-31 | AU$2.16 Billion ≈ $1.53 Billion |
-2.64% |
| 2011-12-31 | AU$2.22 Billion ≈ $1.57 Billion |
-28.05% |
| 2010-12-31 | AU$3.08 Billion ≈ $2.18 Billion |
+5.38% |
| 2009-12-31 | AU$2.93 Billion ≈ $2.07 Billion |
+12.43% |
| 2008-12-31 | AU$2.60 Billion ≈ $1.84 Billion |
-8.01% |
| 2007-12-31 | AU$2.83 Billion ≈ $2.00 Billion |
+15.81% |
| 2006-12-31 | AU$2.44 Billion ≈ $1.73 Billion |
+14.22% |
| 2005-12-31 | AU$2.14 Billion ≈ $1.51 Billion |
+24.39% |
| 2004-12-31 | AU$1.72 Billion ≈ $1.22 Billion |
+40.50% |
| 2003-12-31 | AU$1.22 Billion ≈ $865.82 Million |
+18.08% |
| 2002-12-31 | AU$1.04 Billion ≈ $733.27 Million |
+26.20% |
| 2001-12-31 | AU$821.21 Million ≈ $581.06 Million |
-18.62% |
| 2000-12-31 | AU$1.01 Billion ≈ $714.03 Million |
-0.70% |
| 1999-12-31 | AU$1.02 Billion ≈ $719.04 Million |
+4.83% |
| 1998-12-31 | AU$969.39 Million ≈ $685.90 Million |
+1.95% |
| 1997-12-31 | AU$950.87 Million ≈ $672.80 Million |
+18.29% |
| 1996-12-31 | AU$803.88 Million ≈ $568.80 Million |
+1.58% |
| 1995-12-31 | AU$791.38 Million ≈ $559.95 Million |
-2.81% |
| 1994-12-31 | AU$814.23 Million ≈ $576.12 Million |
+4.46% |
| 1993-12-31 | AU$779.50 Million ≈ $551.55 Million |
+4.27% |
| 1992-12-31 | AU$747.58 Million ≈ $528.96 Million |
-2.02% |
| 1991-12-31 | AU$763.03 Million ≈ $539.89 Million |
+5.27% |
| 1990-12-31 | AU$724.83 Million ≈ $512.86 Million |
+66.39% |
| 1989-12-31 | AU$435.63 Million ≈ $308.24 Million |
-0.86% |
| 1987-12-31 | AU$439.41 Million ≈ $310.91 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ampol 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 1716.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$2.45 Billion | 80.72% |
| Common Stock | AU$479.70 Million | 15.80% |
| Other Comprehensive Income | AU$110.40 Million | 3.64% |
| Total Equity | AU$3.04 Billion | 100.00% |
Ampol Ltd Competitors by Market Cap
The table below lists competitors of Ampol Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shareate Tools Ltd
SHG:688257
|
$5.63 Billion |
|
OrangePL
WAR:OPL
|
$5.63 Billion |
|
Talkweb Information System Co Ltd
SHE:002261
|
$5.63 Billion |
|
Northam Platinum Holdings Ltd
JSE:NPH
|
$5.64 Billion |
|
Shanghai Baosight Software Co Ltd A
SHG:600845
|
$5.62 Billion |
|
Sunwoda Electronic
SHE:300207
|
$5.62 Billion |
|
Teleflex Incorporated
NYSE:TFX
|
$5.62 Billion |
|
Codan Ltd
AU:CDA
|
$5.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ampol Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,163,200,000 to 3,036,400,000, a change of -126,800,000 (-4.0%).
- Net income of 82,400,000 contributed positively to equity growth.
- Dividend payments of 107,200,000 reduced retained earnings.
- Share repurchases of 9,400,000 reduced equity.
- Other comprehensive income decreased equity by 133,300,000.
- Other factors increased equity by 40,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$82.40 Million | +2.71% |
| Dividends Paid | AU$107.20 Million | -3.53% |
| Share Repurchases | AU$9.40 Million | -0.31% |
| Other Comprehensive Income | AU$-133.30 Million | -4.39% |
| Other Changes | AU$40.70 Million | +1.34% |
| Total Change | AU$- | -4.01% |
Book Value vs Market Value Analysis
This analysis compares Ampol 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: 2.63x
- 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 19.87x to 2.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | AU$1.68 | AU$33.36 | x |
| 1989-12-31 | AU$2.35 | AU$33.36 | x |
| 1990-12-31 | AU$3.95 | AU$33.36 | x |
| 1991-12-31 | AU$4.13 | AU$33.36 | x |
| 1992-12-31 | AU$4.04 | AU$33.36 | x |
| 1993-12-31 | AU$4.22 | AU$33.36 | x |
| 1994-12-31 | AU$4.46 | AU$33.36 | x |
| 1995-12-31 | AU$4.46 | AU$33.36 | x |
| 1996-12-31 | AU$4.47 | AU$33.36 | x |
| 1997-12-31 | AU$3.49 | AU$33.36 | x |
| 1998-12-31 | AU$3.56 | AU$33.36 | x |
| 1999-12-31 | AU$3.73 | AU$33.36 | x |
| 2000-12-31 | AU$3.70 | AU$33.36 | x |
| 2001-12-31 | AU$3.01 | AU$33.36 | x |
| 2002-12-31 | AU$3.81 | AU$33.36 | x |
| 2003-12-31 | AU$4.50 | AU$33.36 | x |
| 2004-12-31 | AU$6.34 | AU$33.36 | x |
| 2005-12-31 | AU$7.88 | AU$33.36 | x |
| 2006-12-31 | AU$9.01 | AU$33.36 | x |
| 2007-12-31 | AU$10.44 | AU$33.36 | x |
| 2008-12-31 | AU$9.60 | AU$33.36 | x |
| 2009-12-31 | AU$10.79 | AU$33.36 | x |
| 2010-12-31 | AU$11.37 | AU$33.36 | x |
| 2011-12-31 | AU$8.17 | AU$33.36 | x |
| 2012-12-31 | AU$7.95 | AU$33.36 | x |
| 2013-12-31 | AU$9.58 | AU$33.36 | x |
| 2014-12-31 | AU$9.34 | AU$33.36 | x |
| 2015-12-31 | AU$10.28 | AU$33.36 | x |
| 2016-12-31 | AU$10.64 | AU$33.36 | x |
| 2017-12-31 | AU$11.86 | AU$33.36 | x |
| 2018-12-31 | AU$12.94 | AU$33.36 | x |
| 2019-12-31 | AU$12.85 | AU$33.36 | x |
| 2020-12-31 | AU$11.82 | AU$33.36 | x |
| 2021-12-31 | AU$12.82 | AU$33.36 | x |
| 2022-12-31 | AU$15.16 | AU$33.36 | x |
| 2023-12-31 | AU$14.90 | AU$33.36 | x |
| 2024-12-31 | AU$13.22 | AU$33.36 | x |
| 2025-12-31 | AU$12.70 | AU$33.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ampol Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.27%
- • Asset Turnover: 2.44x
- • Equity Multiplier: 4.18x
- Recent ROE (2.71%) is below the historical average (5.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | -0.12% | 0.00% | 0.00x | 2.19x | AU$-42.98 Million |
| 1989 | -0.14% | 0.00% | 0.00x | 3.06x | AU$-42.87 Million |
| 1990 | -0.16% | 0.00% | 0.00x | 2.52x | AU$-72.32 Million |
| 1991 | -0.16% | 0.00% | 0.00x | 2.39x | AU$-75.52 Million |
| 1992 | 0.00% | 0.00% | 0.00x | 2.48x | AU$-72.82 Million |
| 1993 | -0.05% | 0.00% | 0.00x | 2.34x | AU$-76.33 Million |
| 1994 | -0.32% | 0.00% | 0.00x | 2.28x | AU$-81.70 Million |
| 1995 | -0.03% | 0.00% | 0.00x | 1.29x | AU$-79.32 Million |
| 1996 | 1.31% | 0.00% | 0.00x | 1.17x | AU$-69.88 Million |
| 1997 | -16.14% | 0.00% | 0.00x | 3.07x | AU$-246.06 Million |
| 1998 | -0.09% | 0.00% | 0.00x | 2.83x | AU$-96.95 Million |
| 1999 | 10.27% | 0.00% | 0.00x | 2.95x | AU$2.72 Million |
| 2000 | -0.12% | -0.02% | 1.55x | 3.17x | AU$-101.12 Million |
| 2001 | -0.08% | -0.01% | 2.91x | 3.38x | AU$-81.99 Million |
| 2002 | -0.05% | -0.01% | 3.22x | 2.76x | AU$-103.41 Million |
| 2003 | -0.07% | -0.01% | 3.74x | 2.28x | AU$-122.37 Million |
| 2004 | -0.06% | -0.01% | 4.10x | 1.91x | AU$-172.20 Million |
| 2005 | 27.93% | 3.58% | 4.08x | 1.92x | AU$381.69 Million |
| 2006 | 19.16% | 2.53% | 4.17x | 1.82x | AU$222.79 Million |
| 2007 | 22.94% | 3.39% | 3.58x | 1.89x | AU$364.60 Million |
| 2008 | 1.32% | 0.14% | 4.80x | 1.90x | AU$-224.93 Million |
| 2009 | 10.78% | 1.77% | 3.58x | 1.70x | AU$22.63 Million |
| 2010 | 10.32% | 1.70% | 3.53x | 1.72x | AU$9.87 Million |
| 2011 | -32.34% | -3.23% | 4.55x | 2.20x | AU$-934.11 Million |
| 2012 | 2.64% | 0.24% | 4.32x | 2.51x | AU$-157.99 Million |
| 2013 | 20.48% | 2.18% | 4.04x | 2.33x | AU$271.25 Million |
| 2014 | 0.79% | 0.08% | 4.66x | 2.03x | AU$-232.13 Million |
| 2015 | 18.79% | 2.65% | 3.86x | 1.84x | AU$243.95 Million |
| 2016 | 21.80% | 3.46% | 3.32x | 1.90x | AU$330.20 Million |
| 2017 | 20.01% | 2.94% | 3.32x | 2.05x | AU$309.64 Million |
| 2018 | 16.60% | 2.58% | 3.23x | 1.99x | AU$222.82 Million |
| 2019 | 11.75% | 1.74% | 2.64x | 2.56x | AU$57.06 Million |
| 2020 | -16.43% | -3.20% | 2.06x | 2.50x | AU$-780.01 Million |
| 2021 | 18.21% | 2.68% | 2.36x | 2.88x | AU$252.53 Million |
| 2022 | 21.91% | 2.08% | 2.87x | 3.67x | AU$432.70 Million |
| 2023 | 15.43% | 1.45% | 2.95x | 3.60x | AU$193.19 Million |
| 2024 | 3.87% | 0.35% | 2.71x | 4.07x | AU$-193.82 Million |
| 2025 | 2.71% | 0.27% | 2.44x | 4.18x | AU$-221.24 Million |
Industry Comparison
This section compares Ampol Ltd's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,895,400,000
- Average return on equity (ROE) among peers: -4.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ampol Ltd (ALD) | AU$3.45 Billion | -0.12% | 2.68x | $5.62 Billion |
| Viva Energy Group Ltd (VEA) | $1.90 Billion | -4.03% | 5.40x | $2.47 Billion |
About Ampol Ltd
Ampol Limited purchases and sells petroleum products in Australia, New Zealand, Singapore, and the United States. It operates through Fuels and Infrastructure, Convenience Retail, and New Zealand segments. The Fuels and Infrastructure segment wholesales fuels and lubricants, including Lytton refinery, trading and shipping, distribution, infrastructure, and energy solutions. The Convenience Retail… Read more