Argo Investments Ltd (ARG) - Net Assets
Based on the latest financial reports, Argo Investments Ltd (ARG) has net assets worth AU$6.75 Billion AUD (≈ $4.78 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$7.91 Billion ≈ $5.60 Billion USD) and total liabilities (AU$1.16 Billion ≈ $820.80 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 financial resilience of Argo Investments Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$6.75 Billion |
| % of Total Assets | 85.33% |
| Annual Growth Rate | 10.32% |
| 5-Year Change | 20.79% |
| 10-Year Change | 58.14% |
| Growth Volatility | 19.15 |
Argo Investments Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Argo Investments Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Argo Investments Ltd for the complete picture of this company's asset base.
Annual Net Assets for Argo Investments Ltd (1989–2025)
The table below shows the annual net assets of Argo Investments Ltd from 1989 to 2025. For live valuation and market cap data, see Argo Investments Ltd (ARG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$6.82 Billion ≈ $4.82 Billion |
+7.18% |
| 2024-06-30 | AU$6.36 Billion ≈ $4.50 Billion |
+6.06% |
| 2023-06-30 | AU$6.00 Billion ≈ $4.24 Billion |
+6.41% |
| 2022-06-30 | AU$5.64 Billion ≈ $3.99 Billion |
-0.14% |
| 2021-06-30 | AU$5.64 Billion ≈ $3.99 Billion |
+19.53% |
| 2020-06-30 | AU$4.72 Billion ≈ $3.34 Billion |
-10.42% |
| 2019-06-30 | AU$5.27 Billion ≈ $3.73 Billion |
+3.82% |
| 2018-06-30 | AU$5.08 Billion ≈ $3.59 Billion |
+7.65% |
| 2017-06-30 | AU$4.72 Billion ≈ $3.34 Billion |
+9.40% |
| 2016-06-30 | AU$4.31 Billion ≈ $3.05 Billion |
-2.27% |
| 2015-06-30 | AU$4.41 Billion ≈ $3.12 Billion |
+2.86% |
| 2014-06-30 | AU$4.29 Billion ≈ $3.03 Billion |
+14.00% |
| 2013-06-30 | AU$3.76 Billion ≈ $2.66 Billion |
+17.22% |
| 2012-06-30 | AU$3.21 Billion ≈ $2.27 Billion |
-6.79% |
| 2011-06-30 | AU$3.44 Billion ≈ $2.44 Billion |
+6.66% |
| 2010-06-30 | AU$3.23 Billion ≈ $2.28 Billion |
+11.52% |
| 2009-06-30 | AU$2.89 Billion ≈ $2.05 Billion |
-15.34% |
| 2008-06-30 | AU$3.42 Billion ≈ $2.42 Billion |
-11.39% |
| 2007-06-30 | AU$3.86 Billion ≈ $2.73 Billion |
+38.49% |
| 2006-06-30 | AU$2.79 Billion ≈ $1.97 Billion |
+16.92% |
| 2005-06-30 | AU$2.38 Billion ≈ $1.69 Billion |
+22.12% |
| 2004-06-30 | AU$1.95 Billion ≈ $1.38 Billion |
+26.82% |
| 2003-06-30 | AU$1.54 Billion ≈ $1.09 Billion |
+4.52% |
| 2002-06-30 | AU$1.47 Billion ≈ $1.04 Billion |
+10.88% |
| 2001-06-30 | AU$1.33 Billion ≈ $939.47 Million |
+13.97% |
| 2000-06-30 | AU$1.16 Billion ≈ $824.31 Million |
+7.73% |
| 1999-06-30 | AU$1.08 Billion ≈ $765.13 Million |
+10.60% |
| 1998-06-30 | AU$977.73 Million ≈ $691.81 Million |
+9.04% |
| 1997-06-30 | AU$896.70 Million ≈ $634.47 Million |
+31.41% |
| 1996-06-30 | AU$682.38 Million ≈ $482.83 Million |
+14.28% |
| 1995-06-30 | AU$597.10 Million ≈ $422.49 Million |
-2.94% |
| 1994-06-30 | AU$615.18 Million ≈ $435.28 Million |
+7.95% |
| 1993-06-30 | AU$569.85 Million ≈ $403.21 Million |
+13.86% |
| 1992-06-30 | AU$500.46 Million ≈ $354.11 Million |
+103.88% |
| 1991-06-30 | AU$245.47 Million ≈ $173.69 Million |
+3.78% |
| 1990-06-30 | AU$236.53 Million ≈ $167.36 Million |
+18.91% |
| 1989-06-30 | AU$198.91 Million ≈ $140.74 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Argo Investments 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 12593.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$761.10 Million | 11.16% |
| Common Stock | AU$3.25 Billion | 47.68% |
| Other Comprehensive Income | AU$2.81 Billion | 41.16% |
| Total Equity | AU$6.82 Billion | 100.00% |
Argo Investments Ltd Competitors by Market Cap
The table below lists competitors of Argo Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ferrotec (Anhui) Technology Development Co. Ltd. A
SHE:301297
|
$4.70 Billion |
|
Taiwan High Speed Rail Corp
TW:2633
|
$4.70 Billion |
|
SYSMEX CORP.UNSP.ADR 1/2
F:0YX0
|
$4.70 Billion |
|
Wix.Com Ltd
NASDAQ:WIX
|
$4.70 Billion |
|
Jiangxi Zhengbang Technology Co Ltd
SHE:002157
|
$4.70 Billion |
|
Western Securities Co Ltd
SHE:002673
|
$4.70 Billion |
|
Fujian Anjoy Foods Co Ltd
SHG:603345
|
$4.69 Billion |
|
Guoyuan Securities Co Ltd
SHE:000728
|
$4.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argo Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,361,180,000 to 6,817,941,000, a change of 456,761,000 (7.2%).
- Net income of 259,832,000 contributed positively to equity growth.
- Dividend payments of 241,463,000 reduced retained earnings.
- Share repurchases of 28,150,000 reduced equity.
- Other comprehensive income increased equity by 443,615,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$259.83 Million | +3.81% |
| Dividends Paid | AU$241.46 Million | -3.54% |
| Share Repurchases | AU$28.15 Million | -0.41% |
| Other Comprehensive Income | AU$443.62 Million | +6.51% |
| Other Changes | AU$22.93 Million | +0.34% |
| Total Change | AU$- | 7.18% |
Book Value vs Market Value Analysis
This analysis compares Argo Investments 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: 0.98x
- 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 decreased from 8.00x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$1.09 | AU$8.75 | x |
| 1990-06-30 | AU$1.19 | AU$8.75 | x |
| 1991-06-30 | AU$1.23 | AU$8.75 | x |
| 1992-06-30 | AU$1.72 | AU$8.75 | x |
| 1993-06-30 | AU$1.91 | AU$8.75 | x |
| 1994-06-30 | AU$1.97 | AU$8.75 | x |
| 1995-06-30 | AU$1.91 | AU$8.75 | x |
| 1996-06-30 | AU$2.22 | AU$8.75 | x |
| 1997-06-30 | AU$2.68 | AU$8.75 | x |
| 1998-06-30 | AU$2.73 | AU$8.75 | x |
| 1999-06-30 | AU$3.02 | AU$8.75 | x |
| 2000-06-30 | AU$3.20 | AU$8.75 | x |
| 2001-06-30 | AU$3.55 | AU$8.75 | x |
| 2002-06-30 | AU$3.92 | AU$8.75 | x |
| 2003-06-30 | AU$3.81 | AU$8.75 | x |
| 2004-06-30 | AU$4.59 | AU$8.75 | x |
| 2005-06-30 | AU$5.11 | AU$8.75 | x |
| 2006-06-30 | AU$5.78 | AU$8.75 | x |
| 2007-06-30 | AU$7.54 | AU$8.75 | x |
| 2008-06-30 | AU$6.04 | AU$8.75 | x |
| 2009-06-30 | AU$5.00 | AU$8.75 | x |
| 2010-06-30 | AU$5.46 | AU$8.75 | x |
| 2011-06-30 | AU$5.63 | AU$8.75 | x |
| 2012-06-30 | AU$5.14 | AU$8.75 | x |
| 2013-06-30 | AU$5.95 | AU$8.75 | x |
| 2014-06-30 | AU$6.60 | AU$8.75 | x |
| 2015-06-30 | AU$6.64 | AU$8.75 | x |
| 2016-06-30 | AU$6.38 | AU$8.75 | x |
| 2017-06-30 | AU$6.85 | AU$8.75 | x |
| 2018-06-30 | AU$7.27 | AU$8.75 | x |
| 2019-06-30 | AU$7.40 | AU$8.75 | x |
| 2020-06-30 | AU$6.58 | AU$8.75 | x |
| 2021-06-30 | AU$7.81 | AU$8.75 | x |
| 2022-06-30 | AU$7.69 | AU$8.75 | x |
| 2023-06-30 | AU$7.96 | AU$8.75 | x |
| 2024-06-30 | AU$8.38 | AU$8.75 | x |
| 2025-06-30 | AU$8.94 | AU$8.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argo Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 91.52%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.18x
- Recent ROE (3.81%) is above the historical average (3.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 5.97% | 0.00% | -0.01x | 1.06x | AU$-8.02 Million |
| 1990 | 12.30% | 0.00% | -0.01x | 1.07x | AU$5.44 Million |
| 1991 | 10.42% | 0.00% | -0.01x | 1.06x | AU$1.02 Million |
| 1992 | 5.28% | 0.00% | 0.00x | 1.35x | AU$-18.82 Million |
| 1993 | -1.04% | 0.00% | 0.00x | 1.29x | AU$-51.82 Million |
| 1994 | -1.08% | 0.00% | 0.00x | 1.30x | AU$-56.16 Million |
| 1995 | -1.42% | 0.00% | 0.00x | 1.28x | AU$-56.39 Million |
| 1996 | -1.13% | 0.00% | 0.00x | 1.30x | AU$-63.65 Million |
| 1997 | -1.01% | 0.00% | 0.00x | 1.36x | AU$-82.89 Million |
| 1998 | -0.92% | 0.00% | 0.00x | 1.34x | AU$-89.54 Million |
| 1999 | -0.99% | 0.00% | 0.00x | 1.37x | AU$-99.88 Million |
| 2000 | -0.98% | 0.00% | 0.00x | 1.33x | AU$-107.77 Million |
| 2001 | 4.97% | 89.75% | 0.05x | 1.15x | AU$-66.77 Million |
| 2002 | 4.16% | 89.45% | 0.04x | 1.16x | AU$-86.03 Million |
| 2003 | 4.85% | 90.39% | 0.05x | 1.12x | AU$-79.29 Million |
| 2004 | 4.03% | 90.26% | 0.04x | 1.13x | AU$-116.55 Million |
| 2005 | 4.41% | 91.70% | 0.04x | 1.17x | AU$-133.18 Million |
| 2006 | 5.18% | 87.39% | 0.05x | 1.19x | AU$-134.34 Million |
| 2007 | 4.45% | 87.54% | 0.04x | 1.20x | AU$-214.34 Million |
| 2008 | 8.60% | 82.60% | 0.09x | 1.14x | AU$-47.80 Million |
| 2009 | -2.23% | -42.24% | 0.05x | 1.08x | AU$-353.87 Million |
| 2010 | 4.77% | 86.59% | 0.05x | 1.10x | AU$-168.92 Million |
| 2011 | 5.00% | 89.71% | 0.05x | 1.11x | AU$-172.26 Million |
| 2012 | 5.21% | 90.38% | 0.05x | 1.09x | AU$-153.66 Million |
| 2013 | 4.65% | 91.31% | 0.05x | 1.13x | AU$-201.16 Million |
| 2014 | 4.57% | 91.02% | 0.04x | 1.15x | AU$-233.00 Million |
| 2015 | 5.17% | 91.60% | 0.05x | 1.14x | AU$-213.04 Million |
| 2016 | 5.02% | 90.64% | 0.05x | 1.13x | AU$-214.83 Million |
| 2017 | 4.48% | 91.41% | 0.04x | 1.14x | AU$-260.17 Million |
| 2018 | 4.31% | 92.28% | 0.04x | 1.15x | AU$-288.80 Million |
| 2019 | 5.55% | 93.54% | 0.05x | 1.15x | AU$-234.46 Million |
| 2020 | 4.22% | 89.83% | 0.04x | 1.12x | AU$-272.77 Million |
| 2021 | 3.08% | 93.76% | 0.03x | 1.17x | AU$-390.45 Million |
| 2022 | 5.55% | 94.30% | 0.05x | 1.14x | AU$-250.74 Million |
| 2023 | 4.53% | 91.85% | 0.04x | 1.15x | AU$-328.08 Million |
| 2024 | 3.98% | 88.60% | 0.04x | 1.16x | AU$-383.16 Million |
| 2025 | 3.81% | 91.52% | 0.04x | 1.18x | AU$-421.96 Million |
Industry Comparison
This section compares Argo Investments Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $547,400,932
- Average return on equity (ROE) among peers: -12.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argo Investments Ltd (ARG) | AU$6.75 Billion | 5.97% | 0.17x | $4.70 Billion |
| Acorn Capital Investment Fund Ltd (ACQ) | $100.23 Million | -16.95% | 0.04x | $57.22 Million |
| Australian Ethical Investment Ltd (AEF) | $6.71 Million | 6.00% | 0.29x | $314.92 Million |
| Australian Foundation Investment Company Ltd (AFI) | $4.25 Billion | 9.78% | 0.20x | $5.89 Billion |
| Alternative Investment Trust (AIQ) | $27.34 Million | 10.56% | 0.00x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $351.16 Million | 5.35% | 0.03x | $298.12 Million |
| Amcil Ltd (AMH) | $156.07 Million | 5.36% | 0.05x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $259.00K | -115.75% | 0.21x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $27.93 Million | 3.72% | 1.49x | $66.00 Million |
| ARC Funds Ltd (ARC) | $3.82 Million | -18.78% | 0.01x | $3.65 Million |
About Argo Investments Ltd
Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients. It invests in public equity markets of Australia. The firm employs a qualitative analysis with bottom-up stock picking approach to create its portfolio. It conducts in-house analysis to make its investments. Argo Investments Limited was founded in 1946 and i… Read more