Cadence Capital Ltd
Cadence Capital Limited is a close ended equity mutual fund launched and managed by Cadence Asset Management. The fund invests in the public equity markets of Australia. It seeks to invest in stocks of companies operating across diversified sectors. The fund seeks to invest in the stocks listed on Australian Securities Exchange. It benchmarks the performance of its portfolio against the All Ordin… Read more
Cadence Capital Ltd (CDM) - Net Assets
Latest net assets as of December 2025: AU$323.22 Million AUD
Based on the latest financial reports, Cadence Capital Ltd (CDM) has net assets worth AU$323.22 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$400.79 Million) and total liabilities (AU$77.57 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$323.22 Million |
| % of Total Assets | 80.65% |
| Annual Growth Rate | 10.96% |
| 5-Year Change | -17.75% |
| 10-Year Change | -8.81% |
| Growth Volatility | 50.73 |
Cadence Capital Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Cadence Capital 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 Cadence Capital Ltd (2006–2025)
The table below shows the annual net assets of Cadence Capital Ltd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$292.33 Million | -3.88% |
| 2024-06-30 | AU$304.13 Million | +1.34% |
| 2023-06-30 | AU$300.11 Million | -9.52% |
| 2022-06-30 | AU$331.70 Million | -6.68% |
| 2021-06-30 | AU$355.44 Million | +18.34% |
| 2020-06-30 | AU$300.35 Million | -9.96% |
| 2019-06-30 | AU$333.59 Million | -19.16% |
| 2018-06-30 | AU$412.65 Million | +21.26% |
| 2017-06-30 | AU$340.29 Million | +6.15% |
| 2016-06-30 | AU$320.59 Million | +1.51% |
| 2015-06-30 | AU$315.83 Million | +28.55% |
| 2014-06-30 | AU$245.69 Million | +49.46% |
| 2013-06-30 | AU$164.38 Million | +215.19% |
| 2012-06-30 | AU$52.15 Million | +29.96% |
| 2011-06-30 | AU$40.13 Million | +45.90% |
| 2010-06-30 | AU$27.51 Million | +9.38% |
| 2009-06-30 | AU$25.15 Million | -14.08% |
| 2008-06-30 | AU$29.27 Million | -16.65% |
| 2007-06-30 | AU$35.11 Million | -13.30% |
| 2006-06-30 | AU$40.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cadence Capital 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 12604.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$416.39 Million | 142.44% |
| Other Comprehensive Income | AU$-2.90 Million | -0.99% |
| Total Equity | AU$292.33 Million | 100.00% |
Cadence Capital Ltd Competitors by Market Cap
The table below lists competitors of Cadence Capital Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scandinavian Medical Solutions AS
CO:SMSMED
|
$4.42K |
|
Labwire Inc
PINK:LBWR
|
$4.42K |
|
Vinacomin Power Holding Corp
VN:DTK
|
$4.43K |
|
HBRE3F
SA:HBRE3F
|
$4.43K |
|
Delta Construction & Rebuilding
EGX:DCRC
|
$4.42K |
|
Security Papers Ltd
KAR:SEPL
|
$4.41K |
|
Arabian Food Industries DOMTY
EGX:DOMT
|
$4.41K |
|
MANAS RES
BE:MN4
|
$4.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cadence Capital Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 304,134,734 to 292,330,716, a change of -11,804,018 (-3.9%).
- Net income of 6,265,774 contributed positively to equity growth.
- Dividend payments of 14,306,974 reduced retained earnings.
- Share repurchases of 3,614,143 reduced equity.
- Other comprehensive income decreased equity by 49,768,339.
- Other factors increased equity by 49,619,664.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$6.27 Million | +2.14% |
| Dividends Paid | AU$14.31 Million | -4.89% |
| Share Repurchases | AU$3.61 Million | -1.24% |
| Other Comprehensive Income | AU$-49.77 Million | -17.02% |
| Other Changes | AU$49.62 Million | +16.97% |
| Total Change | AU$- | -3.88% |
Book Value vs Market Value Analysis
This analysis compares Cadence Capital 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: 0.80x
- 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 5.15x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | AU$0.15 | AU$0.79 | x |
| 2007-06-30 | AU$0.13 | AU$0.79 | x |
| 2008-06-30 | AU$0.11 | AU$0.79 | x |
| 2009-06-30 | AU$0.09 | AU$0.79 | x |
| 2010-06-30 | AU$0.10 | AU$0.79 | x |
| 2011-06-30 | AU$0.15 | AU$0.79 | x |
| 2012-06-30 | AU$0.20 | AU$0.79 | x |
| 2013-06-30 | AU$1.50 | AU$0.79 | x |
| 2014-06-30 | AU$0.93 | AU$0.79 | x |
| 2015-06-30 | AU$1.19 | AU$0.79 | x |
| 2016-06-30 | AU$1.21 | AU$0.79 | x |
| 2017-06-30 | AU$1.25 | AU$0.79 | x |
| 2018-06-30 | AU$1.36 | AU$0.79 | x |
| 2019-06-30 | AU$1.03 | AU$0.79 | x |
| 2020-06-30 | AU$0.96 | AU$0.79 | x |
| 2021-06-30 | AU$1.19 | AU$0.79 | x |
| 2022-06-30 | AU$1.12 | AU$0.79 | x |
| 2023-06-30 | AU$1.01 | AU$0.79 | x |
| 2024-06-30 | AU$1.02 | AU$0.79 | x |
| 2025-06-30 | AU$0.98 | AU$0.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cadence Capital Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.88%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.19x
- Recent ROE (2.14%) is below the historical average (3.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.39% | 55.88% | 0.04x | 1.03x | AU$-3.08 Million |
| 2007 | 18.52% | 8.72% | 1.45x | 1.46x | AU$2.99 Million |
| 2008 | -17.17% | -10.15% | 1.22x | 1.39x | AU$-7.95 Million |
| 2009 | -14.83% | -9.36% | 1.46x | 1.09x | AU$-6.24 Million |
| 2010 | 13.39% | 141.43% | 0.08x | 1.18x | AU$932.54K |
| 2011 | 32.76% | 109.03% | 0.28x | 1.08x | AU$9.13 Million |
| 2012 | 5.30% | 95.23% | 0.05x | 1.02x | AU$-2.45 Million |
| 2013 | 6.92% | 56.42% | 0.12x | 1.03x | AU$-5.06 Million |
| 2014 | 8.18% | 68.91% | 0.11x | 1.08x | AU$-4.48 Million |
| 2015 | 6.13% | 63.21% | 0.09x | 1.06x | AU$-12.23 Million |
| 2016 | -9.63% | 0.00% | -0.07x | 1.69x | AU$-62.94 Million |
| 2017 | 10.86% | 61.68% | 0.12x | 1.46x | AU$2.92 Million |
| 2018 | 9.98% | 66.54% | 0.11x | 1.33x | AU$-98.09K |
| 2019 | -17.78% | 0.00% | -0.21x | 1.17x | AU$-92.67 Million |
| 2020 | -3.62% | 0.00% | -0.04x | 1.24x | AU$-40.91 Million |
| 2021 | 21.10% | 61.21% | 0.24x | 1.43x | AU$39.47 Million |
| 2022 | -1.35% | 0.00% | 0.00x | 1.25x | AU$-37.64 Million |
| 2023 | -2.59% | 0.00% | -0.02x | 1.24x | AU$-37.77 Million |
| 2024 | 7.09% | 58.85% | 0.10x | 1.22x | AU$-8.85 Million |
| 2025 | 2.14% | 40.88% | 0.04x | 1.19x | AU$-22.97 Million |
Industry Comparison
This section compares Cadence Capital 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 |
|---|---|---|---|---|
| Cadence Capital Ltd (CDM) | AU$323.22 Million | 2.39% | 0.24x | $4.42K |
| 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 |