Avjennings Ltd
AVJennings Limited engages in the development of residential properties in Australia and New Zealand. It operates through Jurisdictions and Other segments. The company develops and sells lands, apartments, and housing, such as new homes and townhomes. The company was founded in 1932 and is based in Hawthorn, Australia. AVJennings Limited operates as a subsidiary of SC Global Developments Pte. Ltd.
Avjennings Ltd (AVJ) - Net Assets
Latest net assets as of December 2024: AU$458.14 Million AUD
Based on the latest financial reports, Avjennings Ltd (AVJ) has net assets worth AU$458.14 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$849.87 Million) and total liabilities (AU$391.73 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$458.14 Million |
| % of Total Assets | 53.91% |
| Annual Growth Rate | 7.12% |
| 5-Year Change | 16.15% |
| 10-Year Change | 35.36% |
| Growth Volatility | 21.21 |
Avjennings Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Avjennings 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 Avjennings Ltd (1993–2024)
The table below shows the annual net assets of Avjennings Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$456.62 Million | +7.90% |
| 2023-06-30 | AU$423.18 Million | +3.71% |
| 2022-06-30 | AU$408.03 Million | -0.26% |
| 2021-06-30 | AU$409.11 Million | +4.06% |
| 2020-06-30 | AU$393.13 Million | -0.79% |
| 2019-06-30 | AU$396.28 Million | -0.68% |
| 2018-06-30 | AU$399.00 Million | +4.72% |
| 2017-06-30 | AU$381.00 Million | +4.70% |
| 2016-06-30 | AU$363.91 Million | +7.87% |
| 2015-06-30 | AU$337.35 Million | +6.83% |
| 2014-06-30 | AU$315.78 Million | +6.91% |
| 2013-06-30 | AU$295.36 Million | +9.80% |
| 2012-06-30 | AU$268.99 Million | -11.67% |
| 2011-06-30 | AU$304.53 Million | +1.71% |
| 2010-06-30 | AU$299.42 Million | +3.34% |
| 2009-06-30 | AU$289.74 Million | -4.83% |
| 2008-06-30 | AU$304.44 Million | +12.48% |
| 2007-06-30 | AU$270.67 Million | +2.07% |
| 2007-03-31 | AU$265.18 Million | +2.58% |
| 2006-06-30 | AU$258.51 Million | -4.93% |
| 2005-06-30 | AU$271.90 Million | +1.41% |
| 2004-06-30 | AU$268.12 Million | +20.63% |
| 2003-06-30 | AU$222.26 Million | +29.25% |
| 2002-06-30 | AU$171.96 Million | +5.45% |
| 2001-06-30 | AU$163.07 Million | +10.44% |
| 2000-06-30 | AU$147.66 Million | +7.28% |
| 1999-06-30 | AU$137.64 Million | +10.53% |
| 1998-06-30 | AU$124.53 Million | -9.40% |
| 1997-06-30 | AU$137.46 Million | +44.12% |
| 1996-06-30 | AU$95.38 Million | +107.58% |
| 1995-06-30 | AU$45.95 Million | +12.22% |
| 1994-06-30 | AU$40.94 Million | -24.33% |
| 1993-06-30 | AU$54.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avjennings 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 696.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$245.58 Million | 53.78% |
| Common Stock | AU$207.50 Million | 45.44% |
| Other Comprehensive Income | AU$8.44 Million | 1.85% |
| Total Equity | AU$456.62 Million | 100.00% |
Avjennings Ltd Competitors by Market Cap
The table below lists competitors of Avjennings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
THERMADOR GRPE INH.EO 4
F:T8DA
|
$59.86 Million |
|
ZenaTech Inc.
NASDAQ:ZENA
|
$59.88 Million |
|
Transgene SA
PINK:TRGNF
|
$59.90 Million |
|
Encounter Resources Limited
F:E6H
|
$59.91 Million |
|
A-Jin Industry Co Ltd
KQ:013310
|
$59.80 Million |
|
Hoa Tho Textile - Garment Joint Stock Corp
VN:HTG
|
$59.80 Million |
|
Thien Viet Securities JSC
VN:TVS
|
$59.79 Million |
|
CoAsia Corporation
KQ:045970
|
$59.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avjennings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 423,182,000 to 456,618,000, a change of 33,436,000 (7.9%).
- Net income of 1,022,000 contributed positively to equity growth.
- Share repurchases of 146,000 reduced equity.
- New share issuances of 29,205,000 increased equity.
- Other comprehensive income increased equity by 216,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$1.02 Million | +0.22% |
| Share Repurchases | AU$146.00K | -0.03% |
| Share Issuances | AU$29.20 Million | +6.4% |
| Other Comprehensive Income | AU$216.00K | +0.05% |
| Other Changes | AU$3.14 Million | +0.69% |
| Total Change | AU$- | 7.90% |
Book Value vs Market Value Analysis
This analysis compares Avjennings 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: 0.74x
- 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 4.90x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-06-30 | AU$0.13 | AU$0.66 | x |
| 1994-06-30 | AU$0.14 | AU$0.66 | x |
| 1995-06-30 | AU$0.15 | AU$0.66 | x |
| 1996-06-30 | AU$0.32 | AU$0.66 | x |
| 1997-06-30 | AU$0.57 | AU$0.66 | x |
| 1998-06-30 | AU$0.53 | AU$0.66 | x |
| 1999-06-30 | AU$0.63 | AU$0.66 | x |
| 2000-06-30 | AU$0.66 | AU$0.66 | x |
| 2001-06-30 | AU$0.64 | AU$0.66 | x |
| 2002-06-30 | AU$0.78 | AU$0.66 | x |
| 2003-06-30 | AU$1.01 | AU$0.66 | x |
| 2004-06-30 | AU$1.22 | AU$0.66 | x |
| 2005-06-30 | AU$1.24 | AU$0.66 | x |
| 2006-06-30 | AU$1.02 | AU$0.66 | x |
| 2007-06-30 | AU$1.20 | AU$0.66 | x |
| 2008-06-30 | AU$1.12 | AU$0.66 | x |
| 2009-06-30 | AU$1.05 | AU$0.66 | x |
| 2010-06-30 | AU$1.37 | AU$0.66 | x |
| 2011-06-30 | AU$1.09 | AU$0.66 | x |
| 2012-06-30 | AU$0.97 | AU$0.66 | x |
| 2013-06-30 | AU$1.06 | AU$0.66 | x |
| 2014-06-30 | AU$0.83 | AU$0.66 | x |
| 2015-06-30 | AU$0.89 | AU$0.66 | x |
| 2016-06-30 | AU$0.95 | AU$0.66 | x |
| 2017-06-30 | AU$0.86 | AU$0.66 | x |
| 2018-06-30 | AU$1.03 | AU$0.66 | x |
| 2019-06-30 | AU$0.85 | AU$0.66 | x |
| 2020-06-30 | AU$0.84 | AU$0.66 | x |
| 2021-06-30 | AU$0.87 | AU$0.66 | x |
| 2022-06-30 | AU$0.87 | AU$0.66 | x |
| 2023-06-30 | AU$0.90 | AU$0.66 | x |
| 2024-06-30 | AU$0.90 | AU$0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avjennings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.32%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.89x
- Recent ROE (0.22%) is below the historical average (6.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 4.68% | 1.95% | 1.24x | 1.94x | AU$-2.88 Million |
| 1994 | -38.06% | -13.76% | 1.23x | 2.24x | AU$-19.68 Million |
| 1995 | 11.24% | 3.95% | 1.28x | 2.22x | AU$568.40K |
| 1996 | 13.38% | 5.19% | 0.94x | 2.75x | AU$3.22 Million |
| 1997 | 13.13% | 4.28% | 1.22x | 2.53x | AU$3.58 Million |
| 1998 | 14.66% | 0.00% | 0.00x | 2.70x | AU$5.80 Million |
| 1999 | 16.97% | 4.29% | 1.65x | 2.40x | AU$9.60 Million |
| 2000 | 14.45% | 3.30% | 1.89x | 2.32x | AU$6.57 Million |
| 2001 | 22.65% | 6.78% | 1.72x | 1.94x | AU$20.63 Million |
| 2002 | 17.06% | 6.30% | 1.34x | 2.03x | AU$12.14 Million |
| 2003 | 25.53% | 10.72% | 1.20x | 1.99x | AU$34.53 Million |
| 2004 | 25.53% | 12.45% | 1.01x | 2.03x | AU$41.65 Million |
| 2005 | 10.10% | 6.29% | 0.69x | 2.34x | AU$261.30K |
| 2006 | 6.27% | 3.52% | 0.78x | 2.30x | AU$-9.65 Million |
| 2007 | 2.52% | 1.42% | 0.85x | 2.09x | AU$-19.85 Million |
| 2007 | 4.49% | 2.42% | 0.95x | 1.95x | AU$-14.90 Million |
| 2008 | 3.69% | 2.18% | 0.88x | 1.91x | AU$-19.21 Million |
| 2009 | -4.39% | -2.54% | 1.04x | 1.66x | AU$-41.70 Million |
| 2010 | 3.21% | 3.77% | 0.54x | 1.58x | AU$-20.33 Million |
| 2011 | 4.23% | 6.30% | 0.42x | 1.62x | AU$-17.56 Million |
| 2012 | -11.09% | -16.18% | 0.37x | 1.85x | AU$-56.73 Million |
| 2013 | -5.17% | -10.12% | 0.33x | 1.57x | AU$-44.80 Million |
| 2014 | 5.95% | 7.50% | 0.53x | 1.49x | AU$-12.80 Million |
| 2015 | 10.19% | 11.17% | 0.47x | 1.94x | AU$650.40K |
| 2016 | 11.24% | 9.70% | 0.57x | 2.04x | AU$4.52 Million |
| 2017 | 9.37% | 8.89% | 0.56x | 1.87x | AU$-2.38 Million |
| 2018 | 7.86% | 8.42% | 0.58x | 1.61x | AU$-8.55 Million |
| 2019 | 4.15% | 5.54% | 0.43x | 1.73x | AU$-23.19 Million |
| 2020 | 2.30% | 3.44% | 0.40x | 1.69x | AU$-30.27 Million |
| 2021 | 4.57% | 6.01% | 0.49x | 1.55x | AU$-22.19 Million |
| 2022 | 3.21% | 5.86% | 0.30x | 1.81x | AU$-27.72 Million |
| 2023 | 5.02% | 7.74% | 0.31x | 2.08x | AU$-21.05 Million |
| 2024 | 0.22% | 0.32% | 0.37x | 1.89x | AU$-44.64 Million |
Industry Comparison
This section compares Avjennings Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $95,286,307
- Average return on equity (ROE) among peers: -46.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avjennings Ltd (AVJ) | AU$458.14 Million | 4.68% | 0.86x | $59.80 Million |
| CAQ Holdings Ltd (CAQ) | $-463.74K | 0.00% | 0.00x | $278.52K |
| Cedar Woods Properties Ltd (CWP) | $489.19 Million | 9.84% | 0.75x | $306.94 Million |
| Finbar Group Ltd (FRI) | $13.68 Million | -0.08% | 0.28x | $42.05 Million |
| Hudson Investment Group Ltd (HGL) | $28.33 Million | 2.91% | 0.88x | $2.21 Million |
| Land & Homes Group Ltd (LHM) | $332.28K | -432.87% | 2.51x | $371.24K |
| Mustera Property Group Ltd (MPX) | $18.16 Million | -14.32% | 1.43x | $409.97K |
| Peet Ltd (PPC) | $232.91 Million | 18.08% | 1.43x | $324.70 Million |
| Tian An Australia Ltd (TIA) | $68.03 Million | 1.08% | 3.52x | $354.63K |
| United Overseas Australia Ltd (UOS) | $7.40 Million | 0.04% | 0.47x | $26.62 Million |