Amcil Ltd
Amcil Limited is a publicly owned investment manager. The firm primarily manages separate client focused equity portfolios for its clients. It invests in the public equity markets of Australia. The firm invests in growth and value stocks of large cap and small cap companies to create its portfolios. Amcil Limited was founded in 1996 and is based in Melbourne, Australia.
Amcil Ltd (AMH) - Net Assets
Latest net assets as of December 2025: AU$325.98 Million AUD
Based on the latest financial reports, Amcil Ltd (AMH) has net assets worth AU$325.98 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$358.59 Million) and total liabilities (AU$32.62 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$325.98 Million |
| % of Total Assets | 90.9% |
| Annual Growth Rate | 3.93% |
| 5-Year Change | 8.14% |
| 10-Year Change | 58.5% |
| Growth Volatility | 592.66 |
Amcil Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Amcil 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 Amcil Ltd (1998–2025)
The table below shows the annual net assets of Amcil Ltd from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$362.63 Million | +2.08% |
| 2024-06-30 | AU$355.23 Million | +10.94% |
| 2023-06-30 | AU$320.20 Million | +6.39% |
| 2022-06-30 | AU$300.97 Million | -10.25% |
| 2021-06-30 | AU$335.34 Million | +31.56% |
| 2020-06-30 | AU$254.90 Million | +2.97% |
| 2019-06-30 | AU$247.55 Million | +0.90% |
| 2018-06-30 | AU$245.36 Million | -95.24% |
| 2017-12-31 | AU$5.15 Billion | +2150.85% |
| 2017-06-30 | AU$228.79 Million | -94.54% |
| 2016-12-31 | AU$4.19 Billion | +1756.21% |
| 2016-06-30 | AU$225.89 Million | -93.07% |
| 2015-12-31 | AU$3.26 Billion | +1462.66% |
| 2015-06-30 | AU$208.58 Million | -93.95% |
| 2014-12-31 | AU$3.45 Billion | +1570.63% |
| 2014-06-30 | AU$206.51 Million | +12.56% |
| 2013-06-30 | AU$183.46 Million | +18.32% |
| 2012-06-30 | AU$155.06 Million | -0.65% |
| 2011-06-30 | AU$156.07 Million | +15.80% |
| 2010-06-30 | AU$134.78 Million | +26.37% |
| 2009-06-30 | AU$106.65 Million | -10.77% |
| 2008-06-30 | AU$119.53 Million | -11.11% |
| 2007-06-30 | AU$134.47 Million | +87.86% |
| 2006-06-30 | AU$71.58 Million | +39.00% |
| 2005-06-30 | AU$51.50 Million | +14.94% |
| 2004-06-30 | AU$44.80 Million | +8.14% |
| 2003-06-30 | AU$41.43 Million | -77.29% |
| 2002-06-30 | AU$182.46 Million | -15.57% |
| 2001-06-30 | AU$216.10 Million | -26.51% |
| 2000-06-30 | AU$294.06 Million | +43.34% |
| 1999-06-30 | AU$205.16 Million | +59.99% |
| 1998-06-30 | AU$128.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Amcil 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 9883.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$53.71 Million | 14.81% |
| Common Stock | AU$226.91 Million | 62.57% |
| Other Comprehensive Income | AU$82.01 Million | 22.61% |
| Total Equity | AU$362.63 Million | 100.00% |
Amcil Ltd Competitors by Market Cap
The table below lists competitors of Amcil Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Tianyi Medical Appliance Co. Ltd.
SHE:301097
|
$137.06 Million |
|
Milestone Pharmaceuticals Inc
NASDAQ:MIST
|
$137.12 Million |
|
AGRANA Beteiligungs-Aktiengesellschaft
VI:AGR
|
$137.14 Million |
|
Merchants Financial Group Inc
PINK:MFGI
|
$137.19 Million |
|
APT Satellite Holdings Limited
STU:AY8
|
$137.02 Million |
|
Everspin Technologies Inc
NASDAQ:MRAM
|
$137.02 Million |
|
MINMETALS LAND LTD HD-10
F:ONF
|
$136.99 Million |
|
Southern Hydropower JSC
VN:SHP
|
$136.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Amcil Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 355,231,000 to 362,627,000, a change of 7,396,000 (2.1%).
- Net income of 6,679,000 contributed positively to equity growth.
- Dividend payments of 12,424,000 reduced retained earnings.
- Share repurchases of 4,305,000 reduced equity.
- New share issuances of 4,147,000 increased equity.
- Other comprehensive income decreased equity by 19,618,000.
- Other factors increased equity by 32,917,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$6.68 Million | +1.84% |
| Dividends Paid | AU$12.42 Million | -3.43% |
| Share Repurchases | AU$4.30 Million | -1.19% |
| Share Issuances | AU$4.15 Million | +1.14% |
| Other Comprehensive Income | AU$-19.62 Million | -5.41% |
| Other Changes | AU$32.92 Million | +9.08% |
| Total Change | AU$- | 2.08% |
Book Value vs Market Value Analysis
This analysis compares Amcil 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: 0.79x
- 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 increased from 0.05x to 0.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-06-30 | AU$18.37 | AU$0.91 | x |
| 1999-06-30 | AU$29.18 | AU$0.91 | x |
| 2000-06-30 | AU$49.21 | AU$0.91 | x |
| 2001-06-30 | AU$33.31 | AU$0.91 | x |
| 2002-06-30 | AU$29.67 | AU$0.91 | x |
| 2003-06-30 | AU$6.84 | AU$0.91 | x |
| 2004-06-30 | AU$1.07 | AU$0.91 | x |
| 2005-06-30 | AU$0.59 | AU$0.91 | x |
| 2006-06-30 | AU$0.81 | AU$0.91 | x |
| 2007-06-30 | AU$1.05 | AU$0.91 | x |
| 2008-06-30 | AU$0.69 | AU$0.91 | x |
| 2009-06-30 | AU$0.60 | AU$0.91 | x |
| 2010-06-30 | AU$0.72 | AU$0.91 | x |
| 2011-06-30 | AU$0.77 | AU$0.91 | x |
| 2012-06-30 | AU$0.74 | AU$0.91 | x |
| 2013-06-30 | AU$0.85 | AU$0.91 | x |
| 2014-06-30 | AU$0.90 | AU$0.91 | x |
| 2015-06-30 | AU$0.86 | AU$0.91 | x |
| 2016-06-30 | AU$0.89 | AU$0.91 | x |
| 2017-06-30 | AU$0.89 | AU$0.91 | x |
| 2018-06-30 | AU$0.94 | AU$0.91 | x |
| 2019-06-30 | AU$0.92 | AU$0.91 | x |
| 2020-06-30 | AU$0.92 | AU$0.91 | x |
| 2021-06-30 | AU$1.15 | AU$0.91 | x |
| 2022-06-30 | AU$0.99 | AU$0.91 | x |
| 2023-06-30 | AU$1.03 | AU$0.91 | x |
| 2024-06-30 | AU$1.13 | AU$0.91 | x |
| 2025-06-30 | AU$1.15 | AU$0.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Amcil Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 69.70%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.14x
- Recent ROE (1.84%) is below the historical average (2.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.59% | 0.00% | 0.00x | 1.07x | AU$-20.36 Million |
| 2001 | 4.18% | 0.00% | 0.00x | 1.03x | AU$-12.22 Million |
| 2002 | -11.38% | 0.00% | -0.09x | 1.02x | AU$-38.72 Million |
| 2003 | -1.79% | 0.00% | -0.50x | 1.01x | AU$-4.82 Million |
| 2004 | 1.39% | 42.04% | 0.03x | 1.02x | AU$-3.80 Million |
| 2005 | 5.22% | 74.03% | 0.07x | 1.03x | AU$-2.46 Million |
| 2006 | 4.69% | 85.23% | 0.05x | 1.04x | AU$-3.77 Million |
| 2007 | 6.91% | 87.07% | 0.08x | 1.06x | AU$-4.15 Million |
| 2008 | 11.59% | 92.38% | 0.12x | 1.02x | AU$1.90 Million |
| 2009 | 4.35% | 41.17% | 0.11x | 1.00x | AU$-6.03 Million |
| 2010 | 5.19% | 77.93% | 0.07x | 1.02x | AU$-6.48 Million |
| 2011 | 5.36% | 80.24% | 0.06x | 1.05x | AU$-7.24 Million |
| 2012 | 5.78% | 77.04% | 0.07x | 1.04x | AU$-6.52 Million |
| 2013 | 4.27% | 79.96% | 0.05x | 1.09x | AU$-10.18 Million |
| 2014 | 3.11% | 80.78% | 0.04x | 1.10x | AU$-13.89 Million |
| 2014 | -1.39% | -12.05% | 0.06x | 1.80x | AU$-393.07 Million |
| 2015 | 3.39% | 79.17% | 0.04x | 1.08x | AU$-13.59 Million |
| 2015 | -1.91% | -9.88% | 0.09x | 2.07x | AU$-388.24 Million |
| 2016 | 3.47% | 74.62% | 0.04x | 1.09x | AU$-14.44 Million |
| 2016 | 0.16% | 0.76% | 0.11x | 1.93x | AU$-412.60 Million |
| 2017 | 2.35% | 72.37% | 0.03x | 1.08x | AU$-17.50 Million |
| 2017 | 1.57% | 8.43% | 0.11x | 1.67x | AU$-433.96 Million |
| 2018 | 2.55% | 78.42% | 0.03x | 1.11x | AU$-18.29 Million |
| 2019 | 2.41% | 73.72% | 0.03x | 1.09x | AU$-18.79 Million |
| 2020 | 2.34% | 79.60% | 0.03x | 1.10x | AU$-19.53 Million |
| 2021 | 2.02% | 77.70% | 0.02x | 1.15x | AU$-26.76 Million |
| 2022 | 2.70% | 77.71% | 0.03x | 1.10x | AU$-21.98 Million |
| 2023 | 2.36% | 73.04% | 0.03x | 1.09x | AU$-24.47 Million |
| 2024 | 2.11% | 73.83% | 0.03x | 1.12x | AU$-28.05 Million |
| 2025 | 1.84% | 69.70% | 0.02x | 1.14x | AU$-29.58 Million |
Industry Comparison
This section compares Amcil Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $640,337,238
- Average return on equity (ROE) among peers: -27.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Amcil Ltd (AMH) | AU$325.98 Million | 2.59% | 0.10x | $137.06 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $281.69 Million | 15.05% | 0.96x | $8.06K |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |