Bega Cheese Ltd (BGA) - Net Assets

Latest as of June 2026: AU$996.80 Million AUD ≈ $705.30 Million USD

Based on the latest financial reports, Bega Cheese Ltd (BGA) has net assets worth AU$996.80 Million AUD (≈ $705.30 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.22 Billion ≈ $1.57 Billion USD) and total liabilities (AU$1.22 Billion ≈ $863.23 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 how strategically is Bega Cheese Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$996.80 Million
% of Total Assets 44.97%
Annual Growth Rate 10.29%
5-Year Change -21.04%
10-Year Change 74.06%
Growth Volatility 21.8

Bega Cheese Ltd - Net Assets Trend (2008–2026)

This chart illustrates how Bega Cheese Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BGA market cap.

Annual Net Assets for Bega Cheese Ltd (2008–2026)

The table below shows the annual net assets of Bega Cheese Ltd from 2008 to 2026. Also explore Bega Cheese Ltd net asset momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-06-30 AU$996.80 Million
≈ $705.30 Million		 +1.69%
2025-06-30 AU$980.20 Million
≈ $693.55 Million		 -3.41%
2024-06-30 AU$1.01 Billion
≈ $718.04 Million		 +1.11%
2023-06-30 AU$1.00 Billion
≈ $710.18 Million		 -20.49%
2022-06-30 AU$1.26 Billion
≈ $893.23 Million		 -0.32%
2021-06-30 AU$1.27 Billion
≈ $896.13 Million		 +55.58%
2020-06-30 AU$814.04 Million
≈ $575.98 Million		 -0.12%
2019-06-30 AU$815.01 Million
≈ $576.67 Million		 +28.96%
2018-06-30 AU$631.99 Million
≈ $447.17 Million		 +10.36%
2017-06-30 AU$572.67 Million
≈ $405.20 Million		 +74.68%
2016-06-30 AU$327.84 Million
≈ $231.97 Million		 +4.85%
2015-06-30 AU$312.67 Million
≈ $221.23 Million		 -0.55%
2014-06-30 AU$314.39 Million
≈ $222.45 Million		 +20.02%
2013-06-30 AU$261.95 Million
≈ $185.35 Million		 +6.29%
2012-06-30 AU$246.44 Million
≈ $174.37 Million		 +19.94%
2011-06-30 AU$205.47 Million
≈ $145.39 Million		 +15.68%
2010-06-30 AU$177.62 Million
≈ $125.67 Million		 +6.39%
2009-06-30 AU$166.95 Million
≈ $118.13 Million		 -2.42%
2008-06-30 AU$171.08 Million
≈ $121.05 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Bega Cheese 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 38.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2026)

Component Amount Percentage
Retained Earnings AU$85.40 Million 8.57%
Common Stock AU$886.00 Million 88.88%
Other Comprehensive Income AU$25.40 Million 2.55%
Total Equity AU$996.80 Million 100.00%

Bega Cheese Ltd Competitors by Market Cap

The table below lists competitors of Bega Cheese Ltd ranked by their market capitalization.

Company Market Cap
Yunnan Salt & Salt Chemical Industry Co Ltd
SHE:002053
 $1.30 Billion
Taiwan FamilyMart Co Ltd
TWO:5903
 $1.30 Billion
Akums Drugs and Pharmaceutical
NSE:AKUMS
 $1.30 Billion
MeHow Innovative Ltd. A
SHE:301363
 $1.30 Billion
Limin Chemical Co Ltd
SHE:002734
 $1.30 Billion
Liquidity Services Inc
NASDAQ:LQDT
 $1.30 Billion
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
 $1.30 Billion
Oriental Energy Co Ltd
SHE:002221
 $1.30 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 980,200,000 to 996,800,000, a change of 16,600,000 (1.7%).
  • Net income of 54,800,000 contributed positively to equity growth.
  • Dividend payments of 37,300,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 4,000,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income AU$54.80 Million +5.5%
Dividends Paid AU$37.30 Million -3.74%
Other Comprehensive Income AU$-4.00 Million -0.4%
Other Changes AU$3.10 Million +0.31%
Total Change AU$- 1.69%

Book Value vs Market Value Analysis

This analysis compares Bega Cheese 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: 1.85x
  • 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 3.40x to 1.85x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-06-30 AU$1.77 AU$6.00 x
2013-06-30 AU$1.72 AU$6.00 x
2014-06-30 AU$2.06 AU$6.00 x
2015-06-30 AU$2.05 AU$6.00 x
2016-06-30 AU$2.15 AU$6.00 x
2017-06-30 AU$3.75 AU$6.00 x
2018-06-30 AU$3.43 AU$6.00 x
2019-06-30 AU$3.86 AU$6.00 x
2020-06-30 AU$3.73 AU$6.00 x
2021-06-30 AU$4.78 AU$6.00 x
2022-06-30 AU$4.15 AU$6.00 x
2023-06-30 AU$3.29 AU$6.00 x
2024-06-30 AU$3.31 AU$6.00 x
2025-06-30 AU$3.21 AU$6.00 x
2026-06-30 AU$3.24 AU$6.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bega Cheese 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): 5.50%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.45%
  • • Asset Turnover: 1.70x
  • • Equity Multiplier: 2.22x
  • Recent ROE (5.50%) is above the historical average (5.27%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 9.45% 1.83% 2.02x 2.57x AU$-980.90K
2012 7.11% 1.89% 1.80x 2.09x AU$-7.11 Million
2013 9.71% 2.53% 1.83x 2.10x AU$-750.20K
2014 21.01% 6.18% 1.95x 1.75x AU$34.62 Million
2015 3.97% 1.12% 2.01x 1.77x AU$-18.86 Million
2016 8.78% 2.41% 2.04x 1.79x AU$-4.00 Million
2017 24.23% 11.31% 1.16x 1.84x AU$81.48 Million
2018 4.55% 2.30% 1.03x 1.92x AU$-34.43 Million
2019 0.55% 0.31% 0.95x 1.84x AU$-77.05 Million
2020 2.61% 1.42% 1.05x 1.75x AU$-60.14 Million
2021 5.70% 3.48% 0.83x 1.98x AU$-54.45 Million
2022 1.92% 0.80% 1.28x 1.87x AU$-102.04 Million
2023 -22.91% -6.81% 1.57x 2.15x AU$-330.27 Million
2024 3.01% 0.87% 1.65x 2.11x AU$-70.98 Million
2025 -0.87% -0.24% 1.74x 2.08x AU$-106.52 Million
2026 5.50% 1.45% 1.70x 2.22x AU$-44.88 Million

Industry Comparison

This section compares Bega Cheese Ltd's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

  • Industry: Packaged Foods
  • Average net assets among peers: $163,407,507
  • Average return on equity (ROE) among peers: -80.30%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Bega Cheese Ltd (BGA) AU$996.80 Million 9.45% 1.22x $1.30 Billion
The a2 Milk Company Ltd (A2M) $1.13 Billion 34.02% 0.28x $3.45 Billion
Australian Dairy Nutritionals Ltd (AHF) $33.52 Million -27.32% 0.08x $8.91 Million
Beston Global Food Company Ltd (BFC) $134.14 Million -5.78% 0.09x $4.24 Million
Biome Australia Ltd (BIO) $1.20 Million -167.02% 0.51x $62.70 Million
Bubs Australia Ltd (BUB) $1.91 Million -50.39% 0.05x $75.92 Million
Bioxyne Ltd (BXN) $3.30 Million -403.84% 1.03x $120.96 Million
Cobram Estate Olives Ltd (CBO) $129.23 Million 41.36% 0.80x $1.01 Billion
The Calmer Co International Ltd (CCO) $3.09 Million -151.02% 0.15x $2.16 Million
Clover Corporation Ltd (CLV) $30.21 Million 7.32% 0.32x $99.26 Million

About Bega Cheese Ltd

AU:BGA Australia Packaged Foods
Market Cap
$1.30 Billion
AU$1.83 Billion AUD
Market Cap Rank
#7831 Global
#186 in Australia
Share Price
AU$6.00
Change (1 day)
+0.33%
52-Week Range
AU$5.00 - AU$6.66
All Time High
AU$6.88
Categories
Companies in Australia Packaged Foods
About

Bega Cheese Limited receives, processes, manufactures, and distributes dairy and other food-related products in Australia. It operates through two segments, Branded and Bulk. The Branded segment provides value added consumer products for owned and externally owned brands. The Bulk segment offers bulk dairy ingredients, nutritional, and bio nutrient products. Its grocery categories include milk-ba… Read more