Etherstack Plc (ESK) - Net Assets

Latest as of December 2025: AU$13.64 Million AUD ≈ $9.65 Million USD

Based on the latest financial reports, Etherstack Plc (ESK) has net assets worth AU$13.64 Million AUD (≈ $9.65 Million 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$24.71 Million ≈ $17.49 Million USD) and total liabilities (AU$11.07 Million ≈ $7.83 Million 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. Check ESK cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$13.64 Million
% of Total Assets	55.21%
Annual Growth Rate	5.84%
5-Year Change	52.15%
10-Year Change	N/A
Growth Volatility	174.86

Etherstack Plc - Net Assets Trend (2008–2025)

This chart illustrates how Etherstack Plc's net assets have evolved over time, based on quarterly financial data. Also explore Etherstack Plc balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Etherstack Plc (2008–2025)

The table below shows the annual net assets of Etherstack Plc from 2008 to 2025. For live valuation and market cap data, see Etherstack Plc (ESK) total market value.

Year	Net Assets	Change
2025-12-31	AU$13.64 Million ≈ $9.65 Million	+33.67%
2024-12-31	AU$10.21 Million ≈ $7.22 Million	-29.20%
2023-12-31	AU$14.42 Million ≈ $10.20 Million	+7.70%
2022-12-31	AU$13.39 Million ≈ $9.47 Million	+49.29%
2021-12-31	AU$8.97 Million ≈ $6.35 Million	+69.15%
2020-12-31	AU$5.30 Million ≈ $3.75 Million	+1330.08%
2019-12-31	AU$-431.00K ≈ $-304.96K	-72.40%
2018-12-31	AU$-250.00K ≈ $-176.89K	-473.13%
2017-12-31	AU$67.00K ≈ $47.41K	+259.52%
2016-12-31	AU$-42.00K ≈ $-29.72K	+99.44%
2015-12-31	AU$-7.50 Million ≈ $-5.30 Million	-290.38%
2014-12-31	AU$3.94 Million ≈ $2.79 Million	-37.35%
2013-12-31	AU$6.29 Million ≈ $4.45 Million	-31.26%
2012-12-31	AU$9.14 Million ≈ $6.47 Million	-41.97%
2011-12-31	AU$15.76 Million ≈ $11.15 Million	+203.22%
2008-12-31	AU$5.20 Million ≈ $3.68 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Etherstack Plc'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 701.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$1.20 Million	8.81%
Other Comprehensive Income	AU$-2.60 Million	-19.06%
Other Components	AU$29.09 Million	213.19%
Total Equity	AU$13.64 Million	100.00%

Etherstack Plc Competitors by Market Cap

The table below lists competitors of Etherstack Plc ranked by their market capitalization.

Company	Market Cap
RESOLUTION MINERALS LTD F:NC3	$60.60 Million
Westlin Corporation NASDAQ:WSTN	$60.61 Million
tsh biopharmoration Ltd TWO:8432	$60.61 Million
Global Connections Public Company Limited BK:GC	$60.62 Million
Hansol Csn KO:009180	$60.57 Million
MFO SA WAR:MFO	$60.56 Million
Villars Holding SA SW:VILN	$60.55 Million
Westag & Getalit AG F:WUG3	$60.55 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Etherstack Plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 10,207,992 to 13,644,753, a change of 3,436,761 (33.7%).
Net loss of 1,085,583 reduced equity.
Other comprehensive income increased equity by 321,463.
Other factors increased equity by 4,200,881.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-1.09 Million	-7.96%
Other Comprehensive Income	AU$321.46K	+2.36%
Other Changes	AU$4.20 Million	+30.79%
Total Change	AU$-	33.67%

Book Value vs Market Value Analysis

This analysis compares Etherstack Plc'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: 5.87x
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 increased from 0.15x to 5.87x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	AU$3.94	AU$0.61	x
2012-12-31	AU$0.29	AU$0.61	x
2013-12-31	AU$0.19	AU$0.61	x
2014-12-31	AU$0.12	AU$0.61	x
2015-12-31	AU$-0.06	AU$0.61	x
2016-12-31	AU$0.02	AU$0.61	x
2017-12-31	AU$0.00	AU$0.61	x
2018-12-31	AU$0.00	AU$0.61	x
2019-12-31	AU$-0.01	AU$0.61	x
2020-12-31	AU$0.05	AU$0.61	x
2021-12-31	AU$0.07	AU$0.61	x
2022-12-31	AU$0.10	AU$0.61	x
2023-12-31	AU$0.10	AU$0.61	x
2024-12-31	AU$0.08	AU$0.61	x
2025-12-31	AU$0.10	AU$0.61	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Etherstack Plc 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): -7.96%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.94%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.81x
Recent ROE (-7.96%) is above the historical average (-306.32%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	-12.42%	-16.18%	0.43x	1.79x	AU$-2.00 Million
2013	-73.59%	-91.18%	0.34x	2.39x	AU$-5.20 Million
2014	-57.03%	-32.09%	0.53x	3.32x	AU$-2.64 Million
2015	0.00%	-288.84%	0.23x	0.00x	AU$-5.78 Million
2016	-97.98%	-28.67%	0.75x	4.55x	AU$-1.87 Million
2017	-3964.20%	-37.32%	0.57x	187.47x	AU$-1.55 Million
2018	0.00%	1.01%	0.74x	0.00x	AU$56.30K
2019	0.00%	-18.18%	0.69x	0.00x	AU$-809.00K
2020	-62.94%	-71.10%	0.36x	2.47x	AU$-3.87 Million
2021	16.24%	17.11%	0.49x	1.93x	AU$559.33K
2022	23.81%	22.42%	0.69x	1.54x	AU$1.85 Million
2023	5.46%	5.69%	0.58x	1.65x	AU$-653.75K
2024	-57.83%	-65.64%	0.40x	2.18x	AU$-6.92 Million
2025	-7.96%	-6.94%	0.63x	1.81x	AU$-2.45 Million

Industry Comparison

This section compares Etherstack Plc's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $42,012,556
Average return on equity (ROE) among peers: -47.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Etherstack Plc (ESK)	AU$13.64 Million	-12.42%	0.81x	$60.59 Million
One Click Group Ltd (1CG)	$2.94 Million	-67.27%	0.54x	$8.32 Million
Thrive Tribe Technologies Ltd (1TT)	$4.53 Million	-27.70%	0.03x	$1.43 Million
Ordinary Fully Paid Deferred Settlement (1TTDB)	$2.53 Million	-140.39%	0.30x	$20.45
LIFE360 Inc (360)	$358.55 Million	-1.27%	0.23x	$3.40 Billion
Pointerra Ltd (3DP)	$4.28 Million	-64.47%	0.19x	$17.22 Million
8COMMON Ltd (8CO)	$5.92 Million	-22.85%	0.35x	$3.96 Million
Aeeris Ltd (AER)	$584.79K	-43.08%	0.80x	$4.98 Million
Aerometrex Ltd (AMX)	$34.70 Million	-11.88%	0.33x	$15.79 Million
Assetowl Ltd (AO1)	$4.13 Million	-98.29%	0.07x	$1.38 Million
Bridge Saas Ltd (BGE)	$1.96 Million	-1.09%	0.41x	$1.84 Million

About Etherstack Plc

AU:ESK Australia Software - Application

Market Cap

$60.59 Million

AU$85.64 Million AUD

Market Cap Rank

#21136 Global

#746 in Australia

Share Price

AU$0.61

Change (1 day)

-3.20%

52-Week Range

AU$0.28 - AU$0.76

All Time High

AU$1.75