COG Financial Services Ltd
COG Financial Services Limited, together with its subsidiaries, engages in equipment financing and broking, aggregation, insurance broking, and novated leasing activities for in Australia. The company operates through Finance Broking & Aggregation; Novated Leasing; and Asset Management & Lending segments. It provides management of investment funds, as well as offers financing arrangements to comm… Read more
COG Financial Services Ltd (COG) - Net Assets
Latest net assets as of December 2025: AU$201.53 Million AUD
Based on the latest financial reports, COG Financial Services Ltd (COG) has net assets worth AU$201.53 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$738.00 Million) and total liabilities (AU$536.47 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$201.53 Million |
| % of Total Assets | 27.31% |
| Annual Growth Rate | 11.45% |
| 5-Year Change | 8.88% |
| 10-Year Change | 132.83% |
| Growth Volatility | 111.75 |
COG Financial Services Ltd - Net Assets Trend (2002–2025)
This chart illustrates how COG Financial Services 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 COG Financial Services Ltd (2002–2025)
The table below shows the annual net assets of COG Financial Services Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$206.51 Million | +1.41% |
| 2024-06-30 | AU$203.63 Million | -5.05% |
| 2023-06-30 | AU$214.47 Million | +3.30% |
| 2022-06-30 | AU$207.62 Million | +9.47% |
| 2021-06-30 | AU$189.66 Million | -1.42% |
| 2020-06-30 | AU$192.39 Million | -3.31% |
| 2019-06-30 | AU$198.97 Million | +4.79% |
| 2018-06-30 | AU$189.88 Million | +0.44% |
| 2017-06-30 | AU$189.04 Million | +113.14% |
| 2016-06-30 | AU$88.69 Million | +56.12% |
| 2015-06-30 | AU$56.81 Million | +54.05% |
| 2014-06-30 | AU$36.88 Million | +73.44% |
| 2013-06-30 | AU$21.26 Million | +4.46% |
| 2012-06-30 | AU$20.36 Million | +26.54% |
| 2011-06-30 | AU$16.09 Million | +509.59% |
| 2010-06-30 | AU$2.64 Million | -46.18% |
| 2009-06-30 | AU$4.90 Million | -92.40% |
| 2008-06-30 | AU$64.50 Million | -29.15% |
| 2007-06-30 | AU$91.05 Million | +158.38% |
| 2006-06-30 | AU$35.24 Million | +21.01% |
| 2005-06-30 | AU$29.12 Million | +17.03% |
| 2004-06-30 | AU$24.88 Million | +43.85% |
| 2003-06-30 | AU$17.30 Million | +1.31% |
| 2002-06-30 | AU$17.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to COG Financial Services 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 911430.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$292.00 Million | 192.01% |
| Other Comprehensive Income | AU$-48.79 Million | -32.08% |
| Total Equity | AU$152.08 Million | 100.00% |
COG Financial Services Ltd Competitors by Market Cap
The table below lists competitors of COG Financial Services Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tungsten Mining NL
AU:TGN
|
$141.69 Million |
|
Hangzhou Coco Healthcare Products Co.Ltd.
SHE:301009
|
$141.71 Million |
|
Costamare Bulkers Holdings Limited
NYSE:CMDB
|
$141.74 Million |
|
Nanofilm Technologies International Limited
PINK:NNFTF
|
$141.78 Million |
|
Idun Industrier AB Series B
ST:IDUN-B
|
$141.63 Million |
|
DXN HOLDINGS BHD.
KLSE:5318
|
$141.62 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$141.60 Million |
|
ARCHER
F:8SW
|
$141.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in COG Financial Services Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 151,685,000 to 152,081,000, a change of 396,000 (0.3%).
- Net income of 18,775,000 contributed positively to equity growth.
- Dividend payments of 14,697,000 reduced retained earnings.
- Share repurchases of 4,411,000 reduced equity.
- New share issuances of 4,411,000 increased equity.
- Other comprehensive income decreased equity by 33,268,000.
- Other factors increased equity by 29,586,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$18.77 Million | +12.35% |
| Dividends Paid | AU$14.70 Million | -9.66% |
| Share Repurchases | AU$4.41 Million | -2.9% |
| Share Issuances | AU$4.41 Million | +2.9% |
| Other Comprehensive Income | AU$-33.27 Million | -21.88% |
| Other Changes | AU$29.59 Million | +19.45% |
| Total Change | AU$- | 0.26% |
Book Value vs Market Value Analysis
This analysis compares COG Financial Services 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: 1.82x
- 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 1.98x to 1.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-06-30 | AU$0.70 | AU$1.39 | x |
| 2003-06-30 | AU$6.88 | AU$1.39 | x |
| 2004-06-30 | AU$8.24 | AU$1.39 | x |
| 2005-06-30 | AU$7.94 | AU$1.39 | x |
| 2006-06-30 | AU$8.09 | AU$1.39 | x |
| 2007-06-30 | AU$13.68 | AU$1.39 | x |
| 2008-06-30 | AU$5.33 | AU$1.39 | x |
| 2009-06-30 | AU$0.41 | AU$1.39 | x |
| 2010-06-30 | AU$0.23 | AU$1.39 | x |
| 2011-06-30 | AU$1.16 | AU$1.39 | x |
| 2012-06-30 | AU$1.24 | AU$1.39 | x |
| 2013-06-30 | AU$1.22 | AU$1.39 | x |
| 2014-06-30 | AU$1.72 | AU$1.39 | x |
| 2015-06-30 | AU$1.99 | AU$1.39 | x |
| 2016-06-30 | AU$1.78 | AU$1.39 | x |
| 2017-06-30 | AU$1.88 | AU$1.39 | x |
| 2018-06-30 | AU$1.34 | AU$1.39 | x |
| 2019-06-30 | AU$1.33 | AU$1.39 | x |
| 2020-06-30 | AU$1.18 | AU$1.39 | x |
| 2021-06-30 | AU$0.94 | AU$1.39 | x |
| 2022-06-30 | AU$0.95 | AU$1.39 | x |
| 2023-06-30 | AU$0.87 | AU$1.39 | x |
| 2024-06-30 | AU$0.79 | AU$1.39 | x |
| 2025-06-30 | AU$0.76 | AU$1.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently COG Financial Services Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.35%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.11%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 4.57x
- Recent ROE (12.35%) is above the historical average (-51.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 1.22% | 10.71% | 0.04x | 3.22x | AU$-1.52 Million |
| 2004 | 8.59% | 13.73% | 0.25x | 2.47x | AU$-349.86K |
| 2005 | 10.94% | 0.46% | 22.89x | 1.05x | AU$275.13K |
| 2006 | 9.06% | 0.62% | 10.22x | 1.44x | AU$-330.77K |
| 2007 | 3.79% | 29.09% | 0.06x | 2.14x | AU$-5.66 Million |
| 2008 | -36.88% | -6.08% | 4.84x | 1.25x | AU$-30.24 Million |
| 2009 | -1215.49% | -1402.24% | 0.73x | 1.19x | AU$-60.09 Million |
| 2010 | -85.82% | 0.00% | -0.10x | 1.23x | AU$-2.53 Million |
| 2011 | 64.64% | 2997.68% | 0.02x | 1.02x | AU$8.79 Million |
| 2012 | -10.09% | -18.67% | 0.33x | 1.63x | AU$-4.74 Million |
| 2013 | -2.39% | -5.58% | 0.32x | 1.33x | AU$-3.07 Million |
| 2014 | 9.91% | 107.85% | 0.09x | 1.03x | AU$-32.87K |
| 2015 | 13.73% | 88.63% | 0.15x | 1.01x | AU$2.12 Million |
| 2016 | 16.02% | 87.19% | 0.17x | 1.05x | AU$5.34 Million |
| 2017 | -0.99% | -2.11% | 0.33x | 1.43x | AU$-19.19 Million |
| 2018 | 2.19% | 2.32% | 0.53x | 1.79x | AU$-13.63 Million |
| 2019 | 2.41% | 1.98% | 0.64x | 1.90x | AU$-13.51 Million |
| 2020 | -5.77% | -4.65% | 0.66x | 1.87x | AU$-27.46 Million |
| 2021 | -17.32% | -9.85% | 0.56x | 3.13x | AU$-41.61 Million |
| 2022 | 11.52% | 6.14% | 0.62x | 3.03x | AU$2.59 Million |
| 2023 | 4.91% | 2.20% | 0.62x | 3.62x | AU$-8.34 Million |
| 2024 | 8.47% | 3.55% | 0.53x | 4.53x | AU$-2.32 Million |
| 2025 | 12.35% | 5.11% | 0.53x | 4.57x | AU$3.57 Million |
Industry Comparison
This section compares COG Financial Services Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $114,078,738
- Average return on equity (ROE) among peers: -38.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| COG Financial Services Ltd (COG) | AU$201.53 Million | 1.22% | 2.66x | $141.64 Million |
| Australian Bond Exchange Holdings Ltd (ABE) | $2.26 Million | -45.15% | 0.46x | $241.16K |
| ALANDEQGRP FPO (AEG) | $-850.79K | 0.00% | 0.00x | $2.22 Million |
| Asf Group Ltd (AFA) | $4.63 Million | -83.61% | 3.53x | $6.30 Million |
| Bell Financial Group Ltd (BFG) | $146.49 Million | 9.86% | 2.16x | $91.65 Million |
| Computershare Ltd (CPU) | $835.16 Million | 30.62% | 1.77x | $9.85 Billion |
| Equity Story Group Ltd (EQS) | $966.96K | -265.36% | 1.64x | $708.17K |
| Fatfish Group Ltd (FFG) | $2.36 Million | 0.46% | 0.00x | $5.79 Million |
| Finexia Financial Group Ltd (FNX) | $16.72 Million | 19.22% | 3.65x | $3.85 Million |
| HUB24 Ltd (HUB) | $18.96 Million | -9.25% | 0.52x | $3.97 Billion |