Change Financial Ltd
Change Financial Limited develops and commercializes payments management platform and payment testing solutions in South East Asia, Oceania, Latin America, the United States, and internationally. It offers Vertexon Payments as a Service (PaaS), a physical, digital, and virtual card issuing and transaction processing platform; and PaySim, a payment testing and certification solution. The company w… Read more
Change Financial Ltd (CCA) - Net Assets
Latest net assets as of June 2025: AU$6.99 Million AUD
Based on the latest financial reports, Change Financial Ltd (CCA) has net assets worth AU$6.99 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$18.03 Million) and total liabilities (AU$11.04 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$6.99 Million |
| % of Total Assets | 38.74% |
| Annual Growth Rate | 32.96% |
| 5-Year Change | -0.5% |
| 10-Year Change | -38.51% |
| Growth Volatility | 534.58 |
Change Financial Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Change Financial 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 Change Financial Ltd (2014–2025)
The table below shows the annual net assets of Change Financial Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$6.99 Million | +18.84% |
| 2024-06-30 | AU$5.88 Million | -30.33% |
| 2023-06-30 | AU$8.44 Million | +152.35% |
| 2022-06-30 | AU$3.34 Million | -52.37% |
| 2021-06-30 | AU$7.02 Million | +201.89% |
| 2020-06-30 | AU$2.33 Million | +669.22% |
| 2019-06-30 | AU$302.33K | -86.84% |
| 2018-06-30 | AU$2.30 Million | -77.87% |
| 2017-06-30 | AU$10.38 Million | -8.65% |
| 2016-06-30 | AU$11.36 Million | +1806.04% |
| 2015-06-30 | AU$596.00K | +95.84% |
| 2014-06-30 | AU$304.32K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Change Financial 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 5116278300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$53.40 Million | 764.40% |
| Other Comprehensive Income | AU$4.97 Million | 71.19% |
| Total Equity | AU$6.99 Million | 100.00% |
Change Financial Ltd Competitors by Market Cap
The table below lists competitors of Change Financial Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RBW Inc.
KQ:361570
|
$18.93 Million |
|
Fairvest Ltd
JSE:FTA
|
$18.93 Million |
|
Boundless Bio, Inc. Common Stock
NASDAQ:BOLD
|
$18.93 Million |
|
SENFONG
KLSE:5308
|
$18.93 Million |
|
Feng Ching Metal
TWO:2061
|
$18.92 Million |
|
HomeMaid AB
ST:HOME-B
|
$18.91 Million |
|
Dare Bioscience Inc
NASDAQ:DARE
|
$18.91 Million |
|
Brilliant Earth Group Inc
NASDAQ:BRLT
|
$18.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Change Financial Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,878,148 to 6,985,596, a change of 1,107,448 (18.8%).
- Net loss of 1,942,366 reduced equity.
- Share repurchases of 3,076,370 reduced equity.
- Other comprehensive income increased equity by 148,970.
- Other factors increased equity by 5,977,214.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.94 Million | -27.81% |
| Share Repurchases | AU$3.08 Million | -44.04% |
| Other Comprehensive Income | AU$148.97K | +2.13% |
| Other Changes | AU$5.98 Million | +85.56% |
| Total Change | AU$- | 18.84% |
Book Value vs Market Value Analysis
This analysis compares Change Financial 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: 7.73x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.14x to 7.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$0.00 | AU$0.08 | x |
| 2014-06-30 | AU$0.01 | AU$0.08 | x |
| 2015-06-30 | AU$0.01 | AU$0.08 | x |
| 2016-06-30 | AU$0.27 | AU$0.08 | x |
| 2017-06-30 | AU$0.12 | AU$0.08 | x |
| 2018-06-30 | AU$0.02 | AU$0.08 | x |
| 2019-06-30 | AU$0.00 | AU$0.08 | x |
| 2020-06-30 | AU$0.02 | AU$0.08 | x |
| 2021-06-30 | AU$0.02 | AU$0.08 | x |
| 2022-06-30 | AU$0.01 | AU$0.08 | x |
| 2023-06-30 | AU$0.02 | AU$0.08 | x |
| 2024-06-30 | AU$0.01 | AU$0.08 | x |
| 2025-06-30 | AU$0.01 | AU$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Change Financial Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -27.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.93%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 2.58x
- Recent ROE (-27.81%) is above the historical average (-240.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -96.17% | -6958.12% | 0.01x | 1.00x | AU$-158.86K |
| 2014 | -197.45% | -37391.91% | 0.01x | 1.04x | AU$-631.32K |
| 2015 | -363.42% | 0.00% | 0.00x | 2.40x | AU$-2.23 Million |
| 2016 | -0.07% | -4300.56% | 0.00x | 1.04x | AU$-1.14 Million |
| 2017 | -84.48% | -2143.28% | 0.04x | 1.05x | AU$-9.80 Million |
| 2018 | -389.43% | -919.22% | 0.33x | 1.30x | AU$-9.17 Million |
| 2019 | -1576.06% | -1056.54% | 0.26x | 5.79x | AU$-4.80 Million |
| 2020 | -151.04% | -85653.26% | 0.00x | 1.53x | AU$-3.75 Million |
| 2021 | -49.53% | -55.08% | 0.50x | 1.81x | AU$-4.18 Million |
| 2022 | -112.70% | -45.31% | 0.80x | 3.09x | AU$-4.10 Million |
| 2023 | -34.59% | -33.51% | 0.57x | 1.81x | AU$-3.76 Million |
| 2024 | -43.72% | -24.44% | 0.81x | 2.20x | AU$-3.16 Million |
| 2025 | -27.81% | -12.93% | 0.83x | 2.58x | AU$-2.64 Million |
Industry Comparison
This section compares Change Financial Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $73,529,962
- Average return on equity (ROE) among peers: 5.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Change Financial Ltd (CCA) | AU$6.99 Million | -96.17% | 1.58x | $18.92 Million |
| 5G Networks Ltd (5GN) | $5.70 Million | 188.29% | 0.17x | $4.10 Million |
| Adneo Ltd (AD1) | $5.63 Million | -61.37% | 0.42x | $3.91 Million |
| Adisyn Ltd (AI1) | $5.46 Million | -3.83% | 0.53x | $14.95 Million |
| Appen Ltd (APX) | $484.27 Million | 8.02% | 0.24x | $234.95 Million |
| Asset Vision Co Ltd (ASV) | $80.98 Million | -12.54% | 0.55x | $7.70 Million |
| Atturra Ltd (ATA) | $7.32 Million | 0.00% | 0.36x | $41.91 Million |
| Activeport Group Ltd (ATV) | $28.08 Million | -23.77% | 0.41x | $3.82 Million |
| Comms Group Ltd (CCG) | $27.98 Million | 2.03% | 0.35x | $9.04 Million |
| Credit Clear Ltd (CCR) | $16.35 Million | -49.05% | 0.37x | $36.24 Million |