Blackwall Ltd
BlackWall Limited (ASX:BWF), formerly BlackWall Property Funds Limited, conducts vertically integrated property funds management business. The firm manages, develops and finance income-producing real estate on behalf of retail, high net worth and institutional property investors. It operates two wholly-owned subsidiaries, Blackwall Property Funds and WOTSO. Blackwall Property Funds is a property … Read more
Blackwall Ltd (BWF) - Net Assets
Latest net assets as of December 2025: AU$42.74 Million AUD
Based on the latest financial reports, Blackwall Ltd (BWF) has net assets worth AU$42.74 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$44.01 Million) and total liabilities (AU$1.27 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$42.74 Million |
| % of Total Assets | 97.12% |
| Annual Growth Rate | 10.26% |
| 5-Year Change | 121.88% |
| 10-Year Change | 177.74% |
| Growth Volatility | 75.32 |
Blackwall Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Blackwall 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 Blackwall Ltd (2011–2025)
The table below shows the annual net assets of Blackwall Ltd from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$48.81 Million | -30.34% |
| 2024-06-30 | AU$70.07 Million | +283.81% |
| 2023-06-30 | AU$18.26 Million | -19.08% |
| 2022-06-30 | AU$22.56 Million | +2.56% |
| 2021-06-30 | AU$22.00 Million | +0.86% |
| 2020-06-30 | AU$21.81 Million | -30.78% |
| 2019-06-30 | AU$31.51 Million | +6.69% |
| 2018-06-30 | AU$29.53 Million | +27.95% |
| 2017-06-30 | AU$23.08 Million | +31.34% |
| 2016-06-30 | AU$17.57 Million | +13.77% |
| 2015-06-30 | AU$15.45 Million | +10.84% |
| 2014-06-30 | AU$13.94 Million | +26.11% |
| 2013-06-30 | AU$11.05 Million | +19.70% |
| 2012-06-30 | AU$9.23 Million | -25.76% |
| 2011-06-30 | AU$12.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blackwall 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 2677.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$70.78 Million | 145.31% |
| Other Comprehensive Income | AU$73.00K | 0.15% |
| Total Equity | AU$48.71 Million | 100.00% |
Blackwall Ltd Competitors by Market Cap
The table below lists competitors of Blackwall Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tianrong Internet Products and Services Inc
PINK:TIPS
|
$2.37 Million |
|
Sadot Group Inc.
NASDAQ:SDOT
|
$2.37 Million |
|
Simble Solutions Ltd
AU:SIS
|
$2.37 Million |
|
THALES - Dusseldorf Stock Exchang
DU:CSF
|
$2.37 Million |
|
ZINC of Ireland NL
AU:ZMI
|
$2.37 Million |
|
Adherium Ltd
AU:ADR
|
$2.37 Million |
|
OFAL
NASDAQ:OFAL
|
$2.37 Million |
|
Hoops Scouting USA
PINK:HSCT
|
$2.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blackwall Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 70,069,000 to 48,712,000, a change of -21,357,000 (-30.5%).
- Net loss of 13,272,000 reduced equity.
- Dividend payments of 1,826,000 reduced retained earnings.
- Share repurchases of 75,000 reduced equity.
- Other factors decreased equity by 6,184,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-13.27 Million | -27.25% |
| Dividends Paid | AU$1.83 Million | -3.75% |
| Share Repurchases | AU$75.00K | -0.15% |
| Other Changes | AU$-6.18 Million | -12.7% |
| Total Change | AU$- | -30.48% |
Book Value vs Market Value Analysis
This analysis compares Blackwall 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: 0.53x
- 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 0.75x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-06-30 | AU$0.21 | AU$0.16 | x |
| 2012-06-30 | AU$0.18 | AU$0.16 | x |
| 2013-06-30 | AU$0.22 | AU$0.16 | x |
| 2014-06-30 | AU$0.28 | AU$0.16 | x |
| 2015-06-30 | AU$0.30 | AU$0.16 | x |
| 2016-06-30 | AU$0.34 | AU$0.16 | x |
| 2017-06-30 | AU$0.39 | AU$0.16 | x |
| 2018-06-30 | AU$0.49 | AU$0.16 | x |
| 2019-06-30 | AU$0.51 | AU$0.16 | x |
| 2020-06-30 | AU$0.35 | AU$0.16 | x |
| 2021-06-30 | AU$0.35 | AU$0.16 | x |
| 2022-06-30 | AU$0.34 | AU$0.16 | x |
| 2023-06-30 | AU$0.27 | AU$0.16 | x |
| 2024-06-30 | AU$0.56 | AU$0.16 | x |
| 2025-06-30 | AU$0.29 | AU$0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blackwall Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -27.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -918.48%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.03x
- Recent ROE (-27.25%) is below the historical average (8.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -32.99% | -53.69% | 0.50x | 1.22x | AU$-3.92 Million |
| 2013 | 16.39% | 32.07% | 0.42x | 1.23x | AU$696.50K |
| 2014 | 29.16% | 47.19% | 0.52x | 1.19x | AU$2.68 Million |
| 2015 | 18.28% | 31.27% | 0.50x | 1.16x | AU$1.28 Million |
| 2016 | 16.58% | 27.00% | 0.46x | 1.33x | AU$1.16 Million |
| 2017 | 15.54% | 20.59% | 0.56x | 1.34x | AU$1.28 Million |
| 2018 | 27.16% | 31.01% | 0.67x | 1.30x | AU$5.09 Million |
| 2019 | 10.12% | 31.42% | 0.27x | 1.19x | AU$38.20K |
| 2020 | 20.80% | 74.67% | 0.22x | 1.26x | AU$2.36 Million |
| 2021 | 13.77% | 52.95% | 0.21x | 1.22x | AU$829.30K |
| 2022 | 7.30% | 25.90% | 0.23x | 1.22x | AU$-610.00K |
| 2023 | -5.51% | -65.37% | 0.06x | 1.48x | AU$-2.83 Million |
| 2024 | 6.65% | 322.63% | 0.02x | 1.04x | AU$-2.34 Million |
| 2025 | -27.25% | -918.48% | 0.03x | 1.03x | AU$-18.14 Million |
Industry Comparison
This section compares Blackwall Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $589,126,514
- Average return on equity (ROE) among peers: -25.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blackwall Ltd (BWF) | AU$42.74 Million | -32.99% | 0.03x | $2.37 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $281.69 Million | 15.05% | 0.96x | $8.06K |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Amcil Ltd (AMH) | $128.23 Million | 0.00% | 0.02x | $137.06 Million |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |