Challenger Ltd (CGF) - Net Assets
Based on the latest financial reports, Challenger Ltd (CGF) has net assets worth AU$4.11 Billion AUD (≈ $2.91 Billion 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$35.37 Billion ≈ $25.02 Billion USD) and total liabilities (AU$31.26 Billion ≈ $22.12 Billion 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$4.11 Billion |
| % of Total Assets | 11.62% |
| Annual Growth Rate | 8.22% |
| 5-Year Change | 1.01% |
| 10-Year Change | -78.65% |
| Growth Volatility | 109.42 |
Challenger Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Challenger 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 Challenger Ltd (2000–2025)
The table below shows the annual net assets of Challenger Ltd from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$3.86 Billion ≈ $2.73 Billion |
-0.53% |
| 2024-06-30 | AU$3.89 Billion ≈ $2.75 Billion |
-6.70% |
| 2023-06-30 | AU$4.16 Billion ≈ $2.95 Billion |
+4.42% |
| 2022-06-30 | AU$3.99 Billion ≈ $2.82 Billion |
+4.25% |
| 2021-06-30 | AU$3.83 Billion ≈ $2.71 Billion |
+17.73% |
| 2020-06-30 | AU$3.25 Billion ≈ $2.30 Billion |
-86.86% |
| 2019-06-30 | AU$24.72 Billion ≈ $17.49 Billion |
+9.98% |
| 2018-06-30 | AU$22.48 Billion ≈ $15.91 Billion |
+12.40% |
| 2017-06-30 | AU$20.00 Billion ≈ $14.15 Billion |
+10.50% |
| 2016-06-30 | AU$18.10 Billion ≈ $12.81 Billion |
+24.95% |
| 2015-06-30 | AU$14.49 Billion ≈ $10.25 Billion |
+536.49% |
| 2014-06-30 | AU$2.28 Billion ≈ $1.61 Billion |
-0.79% |
| 2013-06-30 | AU$2.29 Billion ≈ $1.62 Billion |
+12.21% |
| 2012-06-30 | AU$2.04 Billion ≈ $1.45 Billion |
+13.62% |
| 2011-06-30 | AU$1.80 Billion ≈ $1.27 Billion |
+4.63% |
| 2010-06-30 | AU$1.72 Billion ≈ $1.22 Billion |
+1.79% |
| 2009-06-30 | AU$1.69 Billion ≈ $1.20 Billion |
+3.64% |
| 2008-06-30 | AU$1.63 Billion ≈ $1.15 Billion |
+12.52% |
| 2007-06-30 | AU$1.45 Billion ≈ $1.02 Billion |
-10.04% |
| 2006-06-30 | AU$1.61 Billion ≈ $1.14 Billion |
+23.78% |
| 2005-06-30 | AU$1.30 Billion ≈ $920.43 Million |
+19.90% |
| 2004-06-30 | AU$1.08 Billion ≈ $767.67 Million |
-9.94% |
| 2003-06-30 | AU$1.20 Billion ≈ $852.37 Million |
+149.46% |
| 2002-06-30 | AU$482.90 Million ≈ $341.69 Million |
+8.82% |
| 2001-06-30 | AU$443.78 Million ≈ $314.00 Million |
-17.25% |
| 2000-06-30 | AU$536.25 Million ≈ $379.43 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Challenger 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 138660000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.39 Billion | 35.88% |
| Common Stock | AU$2.53 Billion | 65.45% |
| Other Comprehensive Income | AU$-51.30 Million | -1.33% |
| Total Equity | AU$3.86 Billion | 100.00% |
Challenger Ltd Competitors by Market Cap
The table below lists competitors of Challenger Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MeiHua Holdings Group Co Ltd
SHG:600873
|
$4.17 Billion |
|
Hamilton Lane Inc
NASDAQ:HLNE
|
$4.17 Billion |
|
Sensient Technologies Corporation
NYSE:SXT
|
$4.17 Billion |
|
Bethel Automotive Safety Systems Co Ltd Class A
SHG:603596
|
$4.17 Billion |
|
Science Applications International Corporation Common Stock
NYSE:SAIC
|
$4.16 Billion |
|
Compal Electronics Inc
TW:2324
|
$4.16 Billion |
|
Protector Forsikring ASA
OL:PROT
|
$4.16 Billion |
|
Shenzhen Sunlord Electronics Co Ltd
SHE:002138
|
$4.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Challenger Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,881,400,000 to 3,864,500,000, a change of -16,900,000 (-0.4%).
- Net income of 192,300,000 contributed positively to equity growth.
- Dividend payments of 191,300,000 reduced retained earnings.
- Share repurchases of 56,100,000 reduced equity.
- Other comprehensive income decreased equity by 32,900,000.
- Other factors increased equity by 71,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$192.30 Million | +4.98% |
| Dividends Paid | AU$191.30 Million | -4.95% |
| Share Repurchases | AU$56.10 Million | -1.45% |
| Other Comprehensive Income | AU$-32.90 Million | -0.85% |
| Other Changes | AU$71.10 Million | +1.84% |
| Total Change | AU$- | -0.44% |
Book Value vs Market Value Analysis
This analysis compares Challenger 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: 1.53x
- 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 4.45x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$1.91 | AU$8.50 | x |
| 2005-06-30 | AU$2.06 | AU$8.50 | x |
| 2006-06-30 | AU$2.20 | AU$8.50 | x |
| 2007-06-30 | AU$2.45 | AU$8.50 | x |
| 2008-06-30 | AU$2.75 | AU$8.50 | x |
| 2009-06-30 | AU$2.47 | AU$8.50 | x |
| 2010-06-30 | AU$2.46 | AU$8.50 | x |
| 2011-06-30 | AU$2.89 | AU$8.50 | x |
| 2012-06-30 | AU$3.17 | AU$8.50 | x |
| 2013-06-30 | AU$3.09 | AU$8.50 | x |
| 2014-06-30 | AU$3.42 | AU$8.50 | x |
| 2015-06-30 | AU$4.04 | AU$8.50 | x |
| 2016-06-30 | AU$4.35 | AU$8.50 | x |
| 2017-06-30 | AU$4.72 | AU$8.50 | x |
| 2018-06-30 | AU$5.03 | AU$8.50 | x |
| 2019-06-30 | AU$4.58 | AU$8.50 | x |
| 2020-06-30 | AU$5.16 | AU$8.50 | x |
| 2021-06-30 | AU$4.17 | AU$8.50 | x |
| 2022-06-30 | AU$4.58 | AU$8.50 | x |
| 2023-06-30 | AU$4.83 | AU$8.50 | x |
| 2024-06-30 | AU$5.54 | AU$8.50 | x |
| 2025-06-30 | AU$5.55 | AU$8.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Challenger Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.62%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 9.04x
- Recent ROE (4.98%) is below the historical average (8.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 4.48% | 49.23% | 0.06x | 1.50x | AU$-24.51 Million |
| 2002 | 1.79% | 48.31% | 0.03x | 1.09x | AU$-39.63 Million |
| 2003 | 1.77% | 102.32% | 0.00x | 4.45x | AU$-99.14 Million |
| 2005 | 8.50% | 27.40% | 0.09x | 3.54x | AU$-19.45 Million |
| 2006 | 10.88% | 6.91% | 0.08x | 20.97x | AU$10.82 Million |
| 2007 | 17.65% | 11.27% | 0.08x | 18.95x | AU$110.51 Million |
| 2008 | -2.74% | -10.76% | 0.02x | 16.96x | AU$-205.49 Million |
| 2009 | -6.56% | -24.05% | 0.01x | 18.26x | AU$-228.89 Million |
| 2010 | 21.09% | 223.50% | 0.01x | 13.72x | AU$148.54 Million |
| 2011 | 17.56% | 245.22% | 0.01x | 11.98x | AU$112.57 Million |
| 2012 | 8.78% | 157.98% | 0.01x | 10.51x | AU$-20.72 Million |
| 2013 | 21.40% | 111.06% | 0.02x | 9.13x | AU$222.06 Million |
| 2014 | 15.82% | 45.57% | 0.04x | 8.05x | AU$125.27 Million |
| 2015 | 11.76% | 15.71% | 0.10x | 7.29x | AU$44.68 Million |
| 2016 | 12.22% | 16.08% | 0.10x | 7.93x | AU$59.61 Million |
| 2017 | 13.77% | 13.52% | 0.13x | 7.97x | AU$108.79 Million |
| 2018 | 9.25% | 11.26% | 0.11x | 7.26x | AU$-26.04 Million |
| 2019 | 8.55% | 9.38% | 0.12x | 7.63x | AU$-52.23 Million |
| 2020 | -12.80% | -27.48% | 0.05x | 8.79x | AU$-740.96 Million |
| 2021 | 15.48% | 19.54% | 0.10x | 7.84x | AU$209.72 Million |
| 2022 | 6.36% | 0.00% | -0.01x | 7.46x | AU$-145.13 Million |
| 2023 | 6.91% | 12.89% | 0.07x | 7.45x | AU$-128.54 Million |
| 2024 | 3.35% | 3.97% | 0.10x | 8.61x | AU$-258.24 Million |
| 2025 | 4.98% | 25.62% | 0.02x | 9.04x | AU$-194.15 Million |
Industry Comparison
This section compares Challenger Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $646,507,000
- Average return on equity (ROE) among peers: 4.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Challenger Ltd (CGF) | AU$4.11 Billion | 4.48% | 7.61x | $4.16 Billion |
| Clearview Wealth Ltd (CVW) | $1.20 Billion | 1.09% | 0.85x | $284.46 Million |
| Nobleoak Life Ltd (NOL) | $88.94 Million | 8.00% | 5.38x | $82.20 Million |
About Challenger Ltd
Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets across the world. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.