Appen Ltd
Appen Limited operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally. It operates through the Appen Global and Appen China segments. The company offers CrowdGen, the interface for its global crowd workforce; Mercury, the backend system used to design projects, manage the crowd workforce,… Read more
Appen Ltd (APX) - Net Assets
Latest net assets as of December 2025: AU$141.87 Million AUD
Based on the latest financial reports, Appen Ltd (APX) has net assets worth AU$141.87 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$228.63 Million) and total liabilities (AU$86.77 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$141.87 Million |
| % of Total Assets | 62.05% |
| Annual Growth Rate | 55.29% |
| 5-Year Change | -73.68% |
| 10-Year Change | 300.72% |
| Growth Volatility | 796.98 |
Appen Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Appen 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 Appen Ltd (2009–2025)
The table below shows the annual net assets of Appen Ltd from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$141.87 Million | +24.10% |
| 2024-12-31 | AU$114.32 Million | -16.04% |
| 2023-12-31 | AU$136.15 Million | -37.61% |
| 2022-12-31 | AU$218.22 Million | -59.51% |
| 2021-12-31 | AU$538.99 Million | +11.30% |
| 2020-12-31 | AU$484.27 Million | +0.52% |
| 2019-12-31 | AU$481.78 Million | +245.61% |
| 2018-12-31 | AU$139.40 Million | +49.23% |
| 2017-12-31 | AU$93.41 Million | +163.85% |
| 2016-12-31 | AU$35.40 Million | +69.67% |
| 2015-12-31 | AU$20.87 Million | +6.19% |
| 2014-12-31 | AU$19.65 Million | +25.96% |
| 2013-12-31 | AU$15.60 Million | +165.85% |
| 2012-12-31 | AU$5.87 Million | +42.19% |
| 2011-12-31 | AU$4.13 Million | +3228.23% |
| 2009-12-31 | AU$124.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Appen 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 decreased by 70679.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$549.92 Million | 387.63% |
| Other Comprehensive Income | AU$198.23 Million | 139.73% |
| Total Equity | AU$141.87 Million | 100.00% |
Appen Ltd Competitors by Market Cap
The table below lists competitors of Appen Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PCB Bancorp
NASDAQ:PCB
|
$234.96 Million |
|
Ready Capital Corp
NYSE:RC
|
$234.98 Million |
|
John Wood Group PLC
PINK:WDGJF
|
$235.02 Million |
|
Dong Nai Port JSC
VN:PDN
|
$235.10 Million |
|
LB Foster Company
NASDAQ:FSTR
|
$234.93 Million |
|
Msscorps Co Ltd
TW:6830
|
$234.76 Million |
|
Kaimei Electronic Corp
TW:2375
|
$234.76 Million |
|
Guangzhou Improve Med Instrument
SHE:300030
|
$234.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Appen Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 114,316,000 to 141,866,986, a change of 27,550,986 (24.1%).
- Net loss of 33,836,121 reduced equity.
- Other comprehensive income increased equity by 69,452,487.
- Other factors decreased equity by 8,065,380.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-33.84 Million | -23.85% |
| Other Comprehensive Income | AU$69.45 Million | +48.96% |
| Other Changes | AU$-8.07 Million | -5.69% |
| Total Change | AU$- | 24.10% |
Book Value vs Market Value Analysis
This analysis compares Appen 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: 2.86x
- 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 9.33x to 2.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | AU$0.16 | AU$1.54 | x |
| 2015-12-31 | AU$0.21 | AU$1.54 | x |
| 2016-12-31 | AU$0.31 | AU$1.54 | x |
| 2017-12-31 | AU$0.83 | AU$1.54 | x |
| 2018-12-31 | AU$1.14 | AU$1.54 | x |
| 2019-12-31 | AU$3.54 | AU$1.54 | x |
| 2020-12-31 | AU$3.46 | AU$1.54 | x |
| 2021-12-31 | AU$3.82 | AU$1.54 | x |
| 2022-12-31 | AU$1.56 | AU$1.54 | x |
| 2023-12-31 | AU$0.96 | AU$1.54 | x |
| 2024-12-31 | AU$0.50 | AU$1.54 | x |
| 2025-12-31 | AU$0.54 | AU$1.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Appen 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): -23.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.45%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 1.61x
- Recent ROE (-23.85%) is below the historical average (-11.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.16% | 2.62% | 2.54x | 1.53x | AU$25.00K |
| 2014 | 8.22% | 3.17% | 1.69x | 1.53x | AU$-349.90K |
| 2015 | 28.99% | 10.05% | 1.97x | 1.47x | AU$3.96 Million |
| 2016 | 29.63% | 9.45% | 2.05x | 1.53x | AU$6.95 Million |
| 2017 | 11.93% | 6.69% | 0.89x | 2.01x | AU$1.80 Million |
| 2018 | 29.93% | 11.46% | 1.52x | 1.72x | AU$27.79 Million |
| 2019 | 8.64% | 7.77% | 0.84x | 1.32x | AU$-6.57 Million |
| 2020 | 8.02% | 6.48% | 1.00x | 1.24x | AU$-9.59 Million |
| 2021 | 5.29% | 4.63% | 0.89x | 1.28x | AU$-25.38 Million |
| 2022 | -158.03% | -61.59% | 1.49x | 1.72x | AU$-366.68 Million |
| 2023 | -86.83% | -28.71% | 1.81x | 1.67x | AU$-131.68 Million |
| 2024 | -17.50% | -8.54% | 1.37x | 1.49x | AU$-31.44 Million |
| 2025 | -23.85% | -9.45% | 1.57x | 1.61x | AU$-48.02 Million |
Industry Comparison
This section compares Appen Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $20,094,131
- Average return on equity (ROE) among peers: -8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Appen Ltd (APX) | AU$141.87 Million | 10.16% | 0.61x | $234.95 Million |
| 5G Networks Ltd (5GN) | $5.70 Million | 188.29% | 0.17x | $4.10 Million |
| Adneo Ltd (AD1) | $5.63 Million | -61.37% | 0.42x | $3.91 Million |
| Adisyn Ltd (AI1) | $5.46 Million | -3.83% | 0.53x | $14.95 Million |
| Asset Vision Co Ltd (ASV) | $80.98 Million | -12.54% | 0.55x | $7.70 Million |
| Atturra Ltd (ATA) | $7.32 Million | 0.00% | 0.36x | $41.91 Million |
| Activeport Group Ltd (ATV) | $28.08 Million | -23.77% | 0.41x | $3.82 Million |
| Change Financial Ltd (CCA) | $3.34 Million | -112.70% | 2.09x | $18.92 Million |
| Comms Group Ltd (CCG) | $27.98 Million | 2.03% | 0.35x | $9.04 Million |
| Credit Clear Ltd (CCR) | $16.35 Million | -49.05% | 0.37x | $36.24 Million |