Bega Cheese Ltd (BGA) - Net Assets

Latest as of December 2025: AU$1.01 Billion AUD ≈ $714.00 Million USD

Based on the latest financial reports, Bega Cheese Ltd (BGA) has net assets worth AU$1.01 Billion AUD (≈ $714.00 Million 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$2.19 Billion ≈ $1.55 Billion USD) and total liabilities (AU$1.18 Billion ≈ $833.30 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. Also explore balance sheet size of Bega Cheese Ltd for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$1.01 Billion
% of Total Assets	46.15%
Annual Growth Rate	10.81%
5-Year Change	-22.61%
10-Year Change	198.99%
Growth Volatility	22.28

Bega Cheese Ltd - Net Assets Trend (2008–2025)

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

Annual Net Assets for Bega Cheese Ltd (2008–2025)

The table below shows the annual net assets of Bega Cheese Ltd from 2008 to 2025. Explore cash efficiency ratio of Bega Cheese Ltd to assess how effectively this company generates cash.

Year	Net Assets	Change
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 9.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$67.20 Million	6.86%
Common Stock	AU$883.60 Million	90.14%
Other Comprehensive Income	AU$29.40 Million	3.00%
Total Equity	AU$980.20 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
Lions Gate Entertainment Corp NYSE:LGF-B	$1.21 Billion
Srisawad Power 1979 PCL BK:SAWAD	$1.21 Billion
Aju IB Investment Co. Ltd KQ:027360	$1.21 Billion
Zenas BioPharma, Inc. Common Stock NASDAQ:ZBIO	$1.21 Billion
PROG Holdings Inc NYSE:PRG	$1.21 Billion
Bumi Resources Minerals Tbk JK:BRMS	$1.21 Billion
LAMDA Development S.A. AT:LAMDA	$1.21 Billion
Isiklar Enerji ve Yapi Holding AS IS:IEYHO	$1.21 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 2024 to 2025, total equity changed from 1,014,800,000 to 980,200,000, a change of -34,600,000 (-3.4%).
Net loss of 8,500,000 reduced equity.
Dividend payments of 28,400,000 reduced retained earnings.
Other comprehensive income increased equity by 3,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-8.50 Million	-0.87%
Dividends Paid	AU$28.40 Million	-2.9%
Other Comprehensive Income	AU$3.00 Million	+0.31%
Other Changes	AU$-700.00K	-0.07%
Total Change	AU$-	-3.41%

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: 1.74x
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 3.16x to 1.74x 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$5.58	x
2013-06-30	AU$1.72	AU$5.58	x
2014-06-30	AU$2.06	AU$5.58	x
2015-06-30	AU$2.05	AU$5.58	x
2016-06-30	AU$2.15	AU$5.58	x
2017-06-30	AU$3.75	AU$5.58	x
2018-06-30	AU$3.43	AU$5.58	x
2019-06-30	AU$3.86	AU$5.58	x
2020-06-30	AU$3.73	AU$5.58	x
2021-06-30	AU$4.78	AU$5.58	x
2022-06-30	AU$4.15	AU$5.58	x
2023-06-30	AU$3.29	AU$5.58	x
2024-06-30	AU$3.31	AU$5.58	x
2025-06-30	AU$3.21	AU$5.58	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): -0.87%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.24%
• Asset Turnover: 1.74x
• Equity Multiplier: 2.08x
Recent ROE (-0.87%) is below the historical average (5.26%), suggesting potential challenges in 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

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: $51,612,593
Average return on equity (ROE) among peers: -442.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bega Cheese Ltd (BGA)	AU$1.01 Billion	9.45%	1.17x	$1.21 Billion
The a2 Milk Company Ltd (A2M)	$-1.38 Million	0.00%	0.00x	$3.73 Billion
Australian Dairy Nutritionals Ltd (AHF)	$28.66 Million	-4.60%	0.50x	$11.87 Million
Beston Global Food Company Ltd (BFC)	$113.64 Million	-1.66%	0.03x	$4.24 Million
Biome Australia Ltd (BIO)	$4.68 Million	4.59%	1.56x	$45.68 Million
Bubs Australia Ltd (BUB)	$105.65 Million	-33.61%	0.46x	$63.27 Million
Bioxyne Ltd (BXN)	$4.13 Million	-18.54%	0.15x	$90.34 Million
Cobram Estate Olives Ltd (CBO)	$146.09 Million	-22.38%	1.75x	$1.33 Billion
The Calmer Co International Ltd (CCO)	$2.60K	-3921.69%	30.80x	$6.49 Million
Clover Corporation Ltd (CLV)	$63.04 Million	11.32%	0.44x	$114.62 Million

About Bega Cheese Ltd

AU:BGA Australia Packaged Foods

Market Cap

$1.21 Billion

AU$1.71 Billion AUD

Market Cap Rank

#8315 Global

#195 in Australia

Share Price

AU$5.58

Change (1 day)

+1.45%

52-Week Range

AU$5.00 - AU$6.54

All Time High

AU$6.88