Aspen Group (APZ) - Net Assets

Latest as of June 2025: AU$545.65 Million AUD ≈ $386.08 Million USD

Based on the latest financial reports, Aspen Group (APZ) has net assets worth AU$545.65 Million AUD (≈ $386.08 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$733.46 Million ≈ $518.97 Million USD) and total liabilities (AU$187.81 Million ≈ $132.89 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 APZ asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$545.65 Million
% of Total Assets 74.39%
Annual Growth Rate N/A
5-Year Change 257.68%
10-Year Change 327.08%
Growth Volatility 589.08

Aspen Group - Net Assets Trend (1992–2025)

This chart illustrates how Aspen Group's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Aspen Group for the complete picture of this company's asset base.

Annual Net Assets for Aspen Group (1992–2025)

The table below shows the annual net assets of Aspen Group from 1992 to 2025. For live valuation and market cap data, see market cap of Aspen Group.

Year Net Assets Change
2025-06-30 AU$545.65 Million
≈ $386.08 Million		 +25.83%
2024-06-30 AU$433.66 Million
≈ $306.84 Million		 +20.07%
2023-06-30 AU$361.17 Million
≈ $255.55 Million		 +30.37%
2022-06-30 AU$277.02 Million
≈ $196.01 Million		 +81.59%
2021-06-30 AU$152.55 Million
≈ $107.94 Million		 +13.82%
2020-06-30 AU$134.03 Million
≈ $94.83 Million		 +23.23%
2019-06-30 AU$108.77 Million
≈ $76.96 Million		 -5.15%
2018-06-30 AU$114.68 Million
≈ $81.14 Million		 -7.20%
2017-06-30 AU$123.57 Million
≈ $87.43 Million		 -3.28%
2016-06-30 AU$127.76 Million
≈ $90.40 Million		 -34.83%
2015-06-30 AU$196.06 Million
≈ $138.73 Million		 +9.11%
2014-06-30 AU$179.70 Million
≈ $127.15 Million		 -37.18%
2013-06-30 AU$286.03 Million
≈ $202.39 Million		 +15.07%
2012-06-30 AU$248.57 Million
≈ $175.88 Million		 -36.32%
2011-06-30 AU$390.36 Million
≈ $276.20 Million		 +0.45%
2010-06-30 AU$388.62 Million
≈ $274.97 Million		 -3.07%
2009-06-30 AU$400.91 Million
≈ $283.67 Million		 +5.53%
2008-06-30 AU$379.91 Million
≈ $268.81 Million		 +14.49%
2007-06-30 AU$331.82 Million
≈ $234.78 Million		 +97.39%
2006-06-30 AU$168.11 Million
≈ $118.95 Million		 +99.26%
2005-06-30 AU$84.36 Million
≈ $59.69 Million		 +135.02%
2004-06-30 AU$35.90 Million
≈ $25.40 Million		 +103.62%
2003-06-30 AU$17.63 Million
≈ $12.47 Million		 +3336.00%
2002-06-30 AU$513.07K
≈ $363.03K		 +123.45%
2001-06-30 AU$229.61K
≈ $162.47K		 -98.21%
2000-06-30 AU$12.83 Million
≈ $9.08 Million		 +354.99%
1999-06-30 AU$2.82 Million
≈ $1.99 Million		 +34.37%
1998-06-30 AU$2.10 Million
≈ $1.48 Million		 -42.29%
1997-06-30 AU$3.64 Million
≈ $2.57 Million		 -4.73%
1996-06-30 AU$3.82 Million
≈ $2.70 Million		 +25.78%
1995-06-30 AU$3.03 Million
≈ $2.15 Million		 -6.65%
1994-06-30 AU$3.25 Million
≈ $2.30 Million		 +566.28%
1993-06-30 AU$-697.00K
≈ $-493.17K		 -46.12%
1992-06-30 AU$-477.00K
≈ $-337.51K		 --

Equity Component Analysis

This analysis shows how different components contribute to Aspen Group'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 17933700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock AU$706.96 Million 128.66%
Other Comprehensive Income AU$22.74 Million 4.14%
Other Components AU$1.00 0.00%
Total Equity AU$549.49 Million 100.00%

Aspen Group Competitors by Market Cap

The table below lists competitors of Aspen Group ranked by their market capitalization.

Company Market Cap
Jiangxi Salt Industry Group Co. Ltd. A
SHG:601065
 $779.74 Million
Cantaloupe Inc
NASDAQ:CTLP
 $779.96 Million
Beijing Beilu Pharmaceutical
SHE:300016
 $780.01 Million
Shenzhen Kaizhong Precision Technology Co Ltd
SHE:002823
 $780.34 Million
Westlake Chemical Partners LP
NYSE:WLKP
 $779.64 Million
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
 $779.39 Million
Greencoat Renewables PLC
IR:GRP
 $779.33 Million
Shandong Haihua Co Ltd
SHE:000822
 $779.33 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Aspen Group's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 437,494,000 to 549,486,000, a change of 111,992,000 (25.6%).
  • Net income of 57,050,000 contributed positively to equity growth.
  • Dividend payments of 18,432,000 reduced retained earnings.
  • Share repurchases of 71,625,000 reduced equity.
  • Other comprehensive income increased equity by 1,955,999.
  • Other factors increased equity by 143,043,001.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$57.05 Million +10.38%
Dividends Paid AU$18.43 Million -3.35%
Share Repurchases AU$71.62 Million -13.03%
Other Comprehensive Income AU$1.96 Million +0.36%
Other Changes AU$143.04 Million +26.03%
Total Change AU$- 25.60%

Book Value vs Market Value Analysis

This analysis compares Aspen Group'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: 1.82x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1992-06-30 AU$0.00 AU$4.84 x
1993-06-30 AU$-0.01 AU$4.84 x
1994-06-30 AU$0.03 AU$4.84 x
1995-06-30 AU$0.03 AU$4.84 x
1996-06-30 AU$0.03 AU$4.84 x
1997-06-30 AU$0.03 AU$4.84 x
1998-06-30 AU$0.02 AU$4.84 x
1999-06-30 AU$0.02 AU$4.84 x
2000-06-30 AU$52.86 AU$4.84 x
2001-06-30 AU$0.00 AU$4.84 x
2002-06-30 AU$0.93 AU$4.84 x
2003-06-30 AU$0.15 AU$4.84 x
2004-06-30 AU$0.31 AU$4.84 x
2005-06-30 AU$0.72 AU$4.84 x
2006-06-30 AU$1.43 AU$4.84 x
2007-06-30 AU$2.82 AU$4.84 x
2008-06-30 AU$3.23 AU$4.84 x
2009-06-30 AU$3.45 AU$4.84 x
2010-06-30 AU$3.31 AU$4.84 x
2011-06-30 AU$3.32 AU$4.84 x
2012-06-30 AU$1.98 AU$4.84 x
2013-06-30 AU$2.41 AU$4.84 x
2014-06-30 AU$1.66 AU$4.84 x
2015-06-30 AU$1.36 AU$4.84 x
2016-06-30 AU$1.30 AU$4.84 x
2017-06-30 AU$1.41 AU$4.84 x
2018-06-30 AU$1.35 AU$4.84 x
2019-06-30 AU$1.34 AU$4.84 x
2020-06-30 AU$1.17 AU$4.84 x
2021-06-30 AU$1.33 AU$4.84 x
2022-06-30 AU$2.03 AU$4.84 x
2023-06-30 AU$2.07 AU$4.84 x
2024-06-30 AU$2.36 AU$4.84 x
2025-06-30 AU$2.67 AU$4.84 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Aspen Group 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): 10.38%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 52.76%
  • • Asset Turnover: 0.15x
  • • Equity Multiplier: 1.33x
  • Recent ROE (10.38%) is above the historical average (-195.98%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 0.00% 0.00% 0.00x 0.00x AU$2.40 Million
1997 -6.63% 0.00% 0.00x 1.01x AU$-604.53K
1998 -156.80% 0.00% 0.00x 1.56x AU$-3.50 Million
1999 -61.30% 0.00% 0.00x 1.03x AU$-2.01 Million
2000 -46.05% -880.18% 0.05x 1.11x AU$-7.19 Million
2001 -5498.36% -1095.92% 1.35x 3.71x AU$-12.65 Million
2002 -166.84% -159.40% 0.59x 1.76x AU$-907.31K
2003 4.13% 16.06% 0.10x 2.55x AU$-1.03 Million
2004 24.34% 67.13% 0.13x 2.89x AU$5.15 Million
2005 8.83% 35.58% 0.09x 2.65x AU$-989.40K
2006 20.52% 95.86% 0.10x 2.10x AU$17.68 Million
2007 22.24% 131.73% 0.10x 1.62x AU$40.63 Million
2008 18.65% 215.99% 0.05x 1.72x AU$32.86 Million
2009 -15.68% -145.10% 0.07x 1.55x AU$-102.95 Million
2010 3.23% 24.42% 0.08x 1.66x AU$-26.31 Million
2011 4.46% 26.36% 0.11x 1.53x AU$-21.61 Million
2012 -63.50% -364.09% 0.07x 2.52x AU$-171.26 Million
2013 -9.79% -53.62% 0.08x 2.15x AU$-56.10 Million
2014 -35.47% -436.11% 0.07x 1.11x AU$-90.65 Million
2015 -14.65% -53.69% 0.12x 2.27x AU$-39.43 Million
2016 6.48% 27.18% 0.25x 0.94x AU$-5.17 Million
2017 0.28% 2.71% 0.11x 0.93x AU$-13.95 Million
2018 0.61% 3.79% 0.17x 0.95x AU$-12.65 Million
2019 -6.06% -26.72% 0.21x 1.10x AU$-20.70 Million
2020 8.61% 39.08% 0.16x 1.39x AU$-1.92 Million
2021 16.24% 71.48% 0.14x 1.60x AU$9.75 Million
2022 26.84% 161.49% 0.10x 1.67x AU$47.30 Million
2023 14.90% 82.83% 0.11x 1.58x AU$17.89 Million
2024 11.07% 53.16% 0.14x 1.53x AU$4.69 Million
2025 10.38% 52.76% 0.15x 1.33x AU$2.10 Million

Industry Comparison

This section compares Aspen Group's net assets metrics with peer companies in the Real Estate - Diversified industry.

Industry Context

  • Industry: Real Estate - Diversified
  • Average net assets among peers: $1,792,182,990
  • Average return on equity (ROE) among peers: 39.38%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Aspen Group (APZ) AU$545.65 Million 0.00% 0.34x $779.66 Million
Group One Capital Limited (G1C) $30.32 Million 42.81% 22.47x $19.22 Million
Lifestyle Communities Ltd (LIC) $204.55 Million 25.75% 0.75x $404.85 Million
Lendlease Group (LLC) $6.93 Billion -4.47% 1.66x $1.63 Billion
Raptis Group Ltd (RPG) $1.85 Million 93.42% 10.89x $15.14 Million

About Aspen Group

AU:APZ Australia Real Estate - Diversified
Market Cap
$779.66 Million
AU$1.10 Billion AUD
Market Cap Rank
#10282 Global
#255 in Australia
Share Price
AU$4.84
Change (1 day)
+1.26%
52-Week Range
AU$3.00 - AU$6.33
All Time High
AU$6.33
Categories
Companies in Australia Real Estate - Diversified
About

Aspen Group ("the Group" or "Aspen") is a stapled entity comprising Aspen Group Limited ("the Company") and its controlled entities, and Aspen Property Trust ("the Trust") and its controlled entities. Aspen was established for the purpose of facilitating a joint quotation of the Trust and the Company and their controlled entities on the ASX, with both entities being stapled together. The Deed of … Read more