Carlton Investments Ltd
Carlton Investments Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client-focused equity portfolios. It invests in the public equity markets of Australia through its subsidiaries. Carlton Investments Limited was founded in 1928 and is based in Sydney, Australia.
Carlton Investments Ltd (CIN) - Net Assets
Latest net assets as of December 2025: AU$974.02 Million AUD
Based on the latest financial reports, Carlton Investments Ltd (CIN) has net assets worth AU$974.02 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$1.17 Billion) and total liabilities (AU$199.89 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$974.02 Million |
| % of Total Assets | 82.97% |
| Annual Growth Rate | 9.72% |
| 5-Year Change | 23.14% |
| 10-Year Change | 34.32% |
| Growth Volatility | 31.8 |
Carlton Investments Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Carlton Investments 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 Carlton Investments Ltd (1989–2025)
The table below shows the annual net assets of Carlton Investments Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$1.04 Billion | +18.56% |
| 2024-06-30 | AU$879.73 Million | +6.52% |
| 2023-06-30 | AU$825.85 Million | +0.80% |
| 2022-06-30 | AU$819.26 Million | -3.28% |
| 2021-06-30 | AU$847.00 Million | +29.81% |
| 2020-06-30 | AU$652.51 Million | -19.61% |
| 2019-06-30 | AU$811.72 Million | -0.46% |
| 2018-06-30 | AU$815.46 Million | +1.40% |
| 2017-06-30 | AU$804.18 Million | +3.57% |
| 2016-06-30 | AU$776.46 Million | +2.33% |
| 2015-06-30 | AU$758.79 Million | +12.15% |
| 2014-06-30 | AU$676.57 Million | +13.55% |
| 2013-06-30 | AU$595.85 Million | +20.76% |
| 2012-06-30 | AU$493.42 Million | +0.26% |
| 2011-06-30 | AU$492.15 Million | +5.26% |
| 2010-06-30 | AU$467.54 Million | +14.68% |
| 2009-06-30 | AU$407.68 Million | -12.66% |
| 2008-06-30 | AU$466.78 Million | -14.99% |
| 2007-06-30 | AU$549.10 Million | +22.08% |
| 2006-06-30 | AU$449.77 Million | +130.22% |
| 2005-06-30 | AU$195.36 Million | +0.33% |
| 2004-06-30 | AU$194.72 Million | +1.07% |
| 2003-06-30 | AU$192.67 Million | +23.47% |
| 2002-06-30 | AU$156.05 Million | +9.48% |
| 2001-06-30 | AU$142.53 Million | -35.43% |
| 2000-06-30 | AU$220.75 Million | -6.94% |
| 1999-06-30 | AU$237.21 Million | +136.08% |
| 1998-06-30 | AU$100.48 Million | +12.33% |
| 1997-06-30 | AU$89.45 Million | +15.60% |
| 1996-06-30 | AU$77.38 Million | +8.35% |
| 1995-06-30 | AU$71.41 Million | +6.01% |
| 1994-06-30 | AU$67.36 Million | +18.46% |
| 1993-06-30 | AU$56.87 Million | +8.96% |
| 1992-06-30 | AU$52.19 Million | +7.79% |
| 1991-06-30 | AU$48.42 Million | +9.91% |
| 1990-06-30 | AU$44.05 Million | +18.99% |
| 1989-06-30 | AU$37.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carlton Investments 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 2040.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$411.85 Million | 39.49% |
| Common Stock | AU$17.61 Million | 1.69% |
| Other Comprehensive Income | AU$613.51 Million | 58.82% |
| Total Equity | AU$1.04 Billion | 100.00% |
Carlton Investments Ltd Competitors by Market Cap
The table below lists competitors of Carlton Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Dcenti Auto-Parts Stock Ltd Co
SHG:603335
|
$180.17 Million |
|
Kina Securities Ltd
AU:KSL
|
$180.23 Million |
|
CCP Contact Probe Co Ltd
TWO:6217
|
$180.23 Million |
|
Mishra Dhatu Nigam Limited
NSE:MIDHANI
|
$180.30 Million |
|
Taiwan Tea Corp
TW:2913
|
$180.09 Million |
|
Strickland Metals Ltd
AU:STK
|
$180.04 Million |
|
Beijing Fjr Optoelectronic Technology Co Ltd
SHG:688272
|
$179.97 Million |
|
CRAWFORD + CO. B DL 1
F:CWK
|
$179.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carlton Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 879,729,000 to 1,042,963,000, a change of 163,234,000 (18.6%).
- Net income of 38,807,000 contributed positively to equity growth.
- Dividend payments of 28,554,000 reduced retained earnings.
- Share repurchases of 1,728,000 reduced equity.
- Other comprehensive income increased equity by 154,708,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$38.81 Million | +3.72% |
| Dividends Paid | AU$28.55 Million | -2.74% |
| Share Repurchases | AU$1.73 Million | -0.17% |
| Other Comprehensive Income | AU$154.71 Million | +14.83% |
| Other Changes | AU$1.00K | +0.0% |
| Total Change | AU$- | 18.56% |
Book Value vs Market Value Analysis
This analysis compares Carlton Investments 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: 0.91x
- 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 23.93x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$1.50 | AU$36.00 | x |
| 1990-06-30 | AU$1.88 | AU$36.00 | x |
| 1991-06-30 | AU$2.71 | AU$36.00 | x |
| 1992-06-30 | AU$2.12 | AU$36.00 | x |
| 1993-06-30 | AU$2.09 | AU$36.00 | x |
| 1994-06-30 | AU$2.62 | AU$36.00 | x |
| 1995-06-30 | AU$2.77 | AU$36.00 | x |
| 1996-06-30 | AU$2.97 | AU$36.00 | x |
| 1997-06-30 | AU$3.41 | AU$36.00 | x |
| 1998-06-30 | AU$3.78 | AU$36.00 | x |
| 1999-06-30 | AU$8.64 | AU$36.00 | x |
| 2000-06-30 | AU$8.67 | AU$36.00 | x |
| 2001-06-30 | AU$6.62 | AU$36.00 | x |
| 2002-06-30 | AU$6.75 | AU$36.00 | x |
| 2003-06-30 | AU$7.28 | AU$36.00 | x |
| 2004-06-30 | AU$7.34 | AU$36.00 | x |
| 2005-06-30 | AU$7.50 | AU$36.00 | x |
| 2006-06-30 | AU$17.23 | AU$36.00 | x |
| 2007-06-30 | AU$20.79 | AU$36.00 | x |
| 2008-06-30 | AU$17.58 | AU$36.00 | x |
| 2009-06-30 | AU$15.36 | AU$36.00 | x |
| 2010-06-30 | AU$17.62 | AU$36.00 | x |
| 2011-06-30 | AU$18.56 | AU$36.00 | x |
| 2012-06-30 | AU$18.62 | AU$36.00 | x |
| 2013-06-30 | AU$22.51 | AU$36.00 | x |
| 2014-06-30 | AU$25.56 | AU$36.00 | x |
| 2015-06-30 | AU$28.66 | AU$36.00 | x |
| 2016-06-30 | AU$29.33 | AU$36.00 | x |
| 2017-06-30 | AU$30.38 | AU$36.00 | x |
| 2018-06-30 | AU$30.80 | AU$36.00 | x |
| 2019-06-30 | AU$30.66 | AU$36.00 | x |
| 2020-06-30 | AU$24.65 | AU$36.00 | x |
| 2021-06-30 | AU$31.99 | AU$36.00 | x |
| 2022-06-30 | AU$30.94 | AU$36.00 | x |
| 2023-06-30 | AU$31.19 | AU$36.00 | x |
| 2024-06-30 | AU$33.23 | AU$36.00 | x |
| 2025-06-30 | AU$39.47 | AU$36.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carlton Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 93.50%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.23x
- Recent ROE (3.72%) is above the historical average (3.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -0.01% | 0.00% | 0.00x | 1.04x | AU$-3.70 Million |
| 1990 | -0.01% | 0.00% | 0.00x | 1.01x | AU$-4.41 Million |
| 1991 | -0.01% | 0.00% | 0.00x | 1.01x | AU$-4.84 Million |
| 1992 | 0.00% | 0.00% | -0.01x | 1.11x | AU$-5.22 Million |
| 1993 | 0.00% | 0.00% | 0.00x | 1.04x | AU$-5.69 Million |
| 1994 | 0.00% | 0.00% | 0.00x | 1.01x | AU$-6.74 Million |
| 1995 | 0.00% | 0.00% | 0.00x | 1.03x | AU$-7.14 Million |
| 1996 | 0.00% | 0.00% | 0.00x | 1.06x | AU$-7.74 Million |
| 1997 | 0.00% | 0.00% | 0.00x | 1.07x | AU$-8.94 Million |
| 1998 | 0.00% | 0.00% | 0.00x | 1.07x | AU$-10.05 Million |
| 1999 | 0.00% | 0.00% | 0.00x | 1.02x | AU$-23.72 Million |
| 2000 | 0.00% | 0.00% | 0.00x | 1.03x | AU$-23.30 Million |
| 2001 | 0.00% | -0.01% | 0.06x | 1.03x | AU$-17.57 Million |
| 2002 | 0.00% | -0.01% | 0.07x | 1.03x | AU$-17.92 Million |
| 2003 | 8.41% | 78.48% | 0.11x | 1.00x | AU$-3.06 Million |
| 2004 | 8.21% | 100.17% | 0.08x | 1.00x | AU$-3.49 Million |
| 2005 | 9.33% | 97.28% | 0.10x | 1.00x | AU$-1.30 Million |
| 2006 | 4.32% | 89.11% | 0.04x | 1.15x | AU$-25.56 Million |
| 2007 | 8.02% | 175.42% | 0.04x | 1.17x | AU$-10.85 Million |
| 2008 | 9.28% | 87.93% | 0.09x | 1.14x | AU$-3.38 Million |
| 2009 | 3.97% | 120.54% | 0.03x | 1.10x | AU$-24.60 Million |
| 2010 | 5.57% | 95.34% | 0.05x | 1.13x | AU$-20.72 Million |
| 2011 | 5.95% | 95.47% | 0.05x | 1.14x | AU$-19.91 Million |
| 2012 | 6.40% | 95.51% | 0.06x | 1.14x | AU$-17.77 Million |
| 2013 | 5.44% | 95.83% | 0.05x | 1.17x | AU$-27.19 Million |
| 2014 | 5.21% | 95.98% | 0.05x | 1.18x | AU$-32.40 Million |
| 2015 | 4.93% | 96.03% | 0.04x | 1.21x | AU$-38.46 Million |
| 2016 | 5.38% | 96.80% | 0.05x | 1.21x | AU$-35.83 Million |
| 2017 | 4.93% | 96.60% | 0.04x | 1.21x | AU$-40.75 Million |
| 2018 | 5.11% | 96.57% | 0.04x | 1.21x | AU$-39.88 Million |
| 2019 | 4.70% | 80.75% | 0.05x | 1.20x | AU$-43.06 Million |
| 2020 | 5.84% | 95.16% | 0.05x | 1.16x | AU$-27.14 Million |
| 2021 | 2.48% | 96.66% | 0.02x | 1.21x | AU$-63.67 Million |
| 2022 | 4.12% | 94.95% | 0.04x | 1.20x | AU$-48.17 Million |
| 2023 | 4.53% | 95.59% | 0.04x | 1.19x | AU$-45.18 Million |
| 2024 | 4.41% | 93.25% | 0.04x | 1.20x | AU$-49.20 Million |
| 2025 | 3.72% | 93.50% | 0.03x | 1.23x | AU$-65.49 Million |
Industry Comparison
This section compares Carlton Investments 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 |
|---|---|---|---|---|
| Carlton Investments Ltd (CIN) | AU$974.02 Million | -0.01% | 0.21x | $180.09 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 |