Betr Entertainment Ltd
Betr Entertainment Limited provides sports and racing betting products and services to online and telephone clients, via its innovative online wagering platform, and mobile applications in Australia and North America. It operates its plateform under the betr, BlueBet, and TopSport brand names. BETR Entertainment Limited was formerly known as BlueBet Holdings Ltd and changed its name to Betr Enter… Read more
Betr Entertainment Ltd (BBT) - Net Assets
Latest net assets as of December 2025: AU$137.35 Million AUD
Based on the latest financial reports, Betr Entertainment Ltd (BBT) has net assets worth AU$137.35 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$227.39 Million) and total liabilities (AU$90.04 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$137.35 Million |
| % of Total Assets | 60.4% |
| Annual Growth Rate | N/A |
| 5-Year Change | 307.7% |
| 10-Year Change | N/A |
| Growth Volatility | 2479.2 |
Betr Entertainment Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Betr Entertainment 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 Betr Entertainment Ltd (2017–2024)
The table below shows the annual net assets of Betr Entertainment Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$198.18 Million | +5681.33% |
| 2023-12-31 | AU$3.43 Million | -88.12% |
| 2022-12-31 | AU$28.85 Million | -36.40% |
| 2021-12-31 | AU$45.37 Million | -6.67% |
| 2020-12-31 | AU$48.61 Million | +33624.14% |
| 2019-12-31 | AU$-145.00K | +96.11% |
| 2018-12-31 | AU$-3.73 Million | -11.15% |
| 2017-12-31 | AU$-3.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Betr Entertainment 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 7546064800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$261.40 Million | 131.90% |
| Other Comprehensive Income | AU$15.60 Million | 7.87% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$198.18 Million | 100.00% |
Betr Entertainment Ltd Competitors by Market Cap
The table below lists competitors of Betr Entertainment Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nicolas Correa SA
MC:NEA
|
$65.83 Million |
|
Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS
IS:KGYO
|
$65.84 Million |
|
Asetek A/S
F:A31
|
$65.84 Million |
|
Raghav Productivity Enhancers Limited
NSE:RPEL
|
$65.84 Million |
|
EUROAPI SAS EO 1
F:940
|
$65.81 Million |
|
Waratah Minerals Limited
F:0FS0
|
$65.80 Million |
|
Paninvest Tbk
JK:PNIN
|
$65.78 Million |
|
Venus Remedies Limited
NSE:VENUSREM
|
$65.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Betr Entertainment Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,428,000 to 198,184,000, a change of 194,756,000 (5681.3%).
- Net loss of 6,801,000 reduced equity.
- Share repurchases of 6,997,000 reduced equity.
- New share issuances of 129,436,000 increased equity.
- Other comprehensive income increased equity by 7,762,000.
- Other factors increased equity by 71,356,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.80 Million | -3.43% |
| Share Repurchases | AU$7.00 Million | -3.53% |
| Share Issuances | AU$129.44 Million | +65.31% |
| Other Comprehensive Income | AU$7.76 Million | +3.92% |
| Other Changes | AU$71.36 Million | +36.0% |
| Total Change | AU$- | 5681.33% |
Book Value vs Market Value Analysis
This analysis compares Betr Entertainment 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: 0.71x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$-0.02 | AU$0.22 | x |
| 2018-12-31 | AU$-0.02 | AU$0.22 | x |
| 2019-12-31 | AU$0.00 | AU$0.22 | x |
| 2020-12-31 | AU$0.24 | AU$0.22 | x |
| 2021-12-31 | AU$0.23 | AU$0.22 | x |
| 2022-12-31 | AU$0.14 | AU$0.22 | x |
| 2023-12-31 | AU$0.02 | AU$0.22 | x |
| 2024-12-31 | AU$0.31 | AU$0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Betr Entertainment Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.15%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.43x
- Recent ROE (-3.43%) is above the historical average (-180.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -26.23% | 8.95x | 0.00x | AU$-1.69 Million |
| 2018 | 0.00% | -14.35% | 10.02x | 0.00x | AU$-1.00 Million |
| 2019 | 0.00% | 26.68% | 3.21x | 0.00x | AU$4.50 Million |
| 2020 | 6.13% | 9.21% | 0.54x | 1.22x | AU$-1.88 Million |
| 2021 | -13.38% | -12.22% | 0.85x | 1.28x | AU$-10.61 Million |
| 2022 | -65.27% | -38.42% | 0.89x | 1.91x | AU$-21.72 Million |
| 2023 | -1368.67% | -81.47% | 1.54x | 10.94x | AU$-47.26 Million |
| 2024 | -3.43% | -5.15% | 0.47x | 1.43x | AU$-26.62 Million |
Industry Comparison
This section compares Betr Entertainment Ltd's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $3,408,899,000
- Average return on equity (ROE) among peers: 18.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Betr Entertainment Ltd (BBT) | AU$137.35 Million | 0.00% | 0.66x | $65.81 Million |
| Jumbo Interactive Ltd (JIN) | $121.70 Million | 33.01% | 0.48x | $255.72 Million |
| Tabcorp Holdings Ltd (TAH) | $6.70 Billion | 4.02% | 0.77x | $1.38 Billion |