Graincorp Ltd (GNC) - Net Assets

Latest as of September 2025: AU$1.40 Billion AUD ≈ $991.72 Million USD

Based on the latest financial reports, Graincorp Ltd (GNC) has net assets worth AU$1.40 Billion AUD (≈ $991.72 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.69 Billion ≈ $1.90 Billion USD) and total liabilities (AU$1.29 Billion ≈ $910.14 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 Graincorp Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$1.40 Billion
% of Total Assets	52.14%
Annual Growth Rate	8.33%
5-Year Change	11.69%
10-Year Change	-19.54%
Growth Volatility	23.12

Graincorp Ltd - Net Assets Trend (1998–2025)

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

Annual Net Assets for Graincorp Ltd (1998–2025)

The table below shows the annual net assets of Graincorp Ltd from 1998 to 2025. For live valuation and market cap data, see GNC market cap overview.

Year	Net Assets	Change
2025-09-30	AU$1.40 Billion ≈ $991.72 Million	-6.73%
2024-09-30	AU$1.50 Billion ≈ $1.06 Billion	-8.63%
2023-09-30	AU$1.64 Billion ≈ $1.16 Billion	+8.14%
2022-09-30	AU$1.52 Billion ≈ $1.08 Billion	+21.19%
2021-09-30	AU$1.25 Billion ≈ $887.92 Million	+14.57%
2020-09-30	AU$1.10 Billion ≈ $774.99 Million	-40.35%
2019-09-30	AU$1.84 Billion ≈ $1.30 Billion	-5.45%
2018-09-30	AU$1.94 Billion ≈ $1.37 Billion	+4.40%
2017-09-30	AU$1.86 Billion ≈ $1.32 Billion	+6.80%
2016-09-30	AU$1.74 Billion ≈ $1.23 Billion	-4.38%
2015-09-30	AU$1.82 Billion ≈ $1.29 Billion	+4.43%
2014-09-30	AU$1.74 Billion ≈ $1.23 Billion	-0.80%
2013-09-30	AU$1.76 Billion ≈ $1.24 Billion	+14.16%
2012-09-30	AU$1.54 Billion ≈ $1.09 Billion	+12.22%
2011-09-30	AU$1.37 Billion ≈ $971.27 Million	+7.02%
2010-09-30	AU$1.28 Billion ≈ $907.55 Million	+84.88%
2009-09-30	AU$693.75 Million ≈ $490.88 Million	+59.07%
2008-09-30	AU$436.14 Million ≈ $308.60 Million	+9.30%
2007-09-30	AU$399.02 Million ≈ $282.33 Million	-2.24%
2006-09-30	AU$408.15 Million ≈ $288.79 Million	+3.01%
2005-09-30	AU$396.22 Million ≈ $280.35 Million	-0.59%
2004-09-30	AU$398.58 Million ≈ $282.02 Million	+44.89%
2003-09-30	AU$275.10 Million ≈ $194.65 Million	-4.24%
2002-09-30	AU$287.29 Million ≈ $203.27 Million	+5.10%
2001-09-30	AU$273.34 Million ≈ $193.40 Million	+36.02%
2000-09-30	AU$200.95 Million ≈ $142.19 Million	+13.54%
1999-09-30	AU$176.99 Million ≈ $125.23 Million	+9.45%
1998-09-30	AU$161.71 Million ≈ $114.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Graincorp 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 890.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	AU$919.70 Million	65.62%
Common Stock	AU$467.60 Million	33.36%
Other Comprehensive Income	AU$14.30 Million	1.02%
Total Equity	AU$1.40 Billion	100.00%

Graincorp Ltd Competitors by Market Cap

The table below lists competitors of Graincorp Ltd ranked by their market capitalization.

Company	Market Cap
Banco Patagonia BA:BPAT	$992.69 Million
Shandong Shanda Wit Science and Technology Co Ltd SHE:000915	$993.04 Million
Everlight Electronics Co Ltd TW:2393	$993.22 Million
Star Petroleum Refining Co Ltd BK:SPRC	$993.33 Million
Tianshui Zhongxing Bio-technology Co Ltd SHE:002772	$992.05 Million
Nitratos de Chile SA SN:NITRATOS	$991.87 Million
Hyundai Development Co KO:294870	$991.36 Million
Ningbo Thermal Power Co Ltd SHG:600982	$991.08 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,502,700,000 to 1,401,600,000, a change of -101,100,000 (-6.7%).
Net income of 39,900,000 contributed positively to equity growth.
Dividend payments of 105,700,000 reduced retained earnings.
Share repurchases of 37,900,000 reduced equity.
Other comprehensive income decreased equity by 2,200,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$39.90 Million	+2.85%
Dividends Paid	AU$105.70 Million	-7.54%
Share Repurchases	AU$37.90 Million	-2.7%
Other Comprehensive Income	AU$-2.20 Million	-0.16%
Other Changes	AU$4.80 Million	+0.34%
Total Change	AU$-	-6.73%

Book Value vs Market Value Analysis

This analysis compares Graincorp 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: 1.00x
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 8.93x to 1.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-09-30	AU$0.71	AU$6.31	x
1999-09-30	AU$0.77	AU$6.31	x
2000-09-30	AU$0.88	AU$6.31	x
2001-09-30	AU$1.19	AU$6.31	x
2002-09-30	AU$1.26	AU$6.31	x
2003-09-30	AU$1.20	AU$6.31	x
2004-09-30	AU$1.74	AU$6.31	x
2005-09-30	AU$1.73	AU$6.31	x
2006-09-30	AU$1.78	AU$6.31	x
2007-09-30	AU$1.74	AU$6.31	x
2008-09-30	AU$1.91	AU$6.31	x
2009-09-30	AU$3.03	AU$6.31	x
2010-09-30	AU$5.60	AU$6.31	x
2011-09-30	AU$6.00	AU$6.31	x
2012-09-30	AU$6.73	AU$6.31	x
2013-09-30	AU$7.68	AU$6.31	x
2014-09-30	AU$7.62	AU$6.31	x
2015-09-30	AU$7.96	AU$6.31	x
2016-09-30	AU$7.61	AU$6.31	x
2017-09-30	AU$8.12	AU$6.31	x
2018-09-30	AU$8.49	AU$6.31	x
2019-09-30	AU$8.02	AU$6.31	x
2020-09-30	AU$4.79	AU$6.31	x
2021-09-30	AU$5.27	AU$6.31	x
2022-09-30	AU$6.35	AU$6.31	x
2023-09-30	AU$7.08	AU$6.31	x
2024-09-30	AU$6.69	AU$6.31	x
2025-09-30	AU$6.33	AU$6.31	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Graincorp 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): 2.85%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.55%
• Asset Turnover: 2.71x
• Equity Multiplier: 1.92x
Recent ROE (2.85%) is below the historical average (5.11%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	-0.03%	-0.02%	0.80x	1.39x	AU$-16.21 Million
1999	-0.02%	0.00%	0.00x	1.44x	AU$-17.68 Million
2000	0.04%	0.03%	0.85x	1.67x	AU$-19.97 Million
2001	0.01%	0.00%	0.95x	1.95x	AU$-27.28 Million
2002	0.03%	0.01%	1.22x	1.98x	AU$-28.64 Million
2003	-6.62%	-3.93%	0.76x	2.20x	AU$-45.73 Million
2004	0.00%	0.00%	1.05x	2.25x	AU$-39.85 Million
2005	0.00%	0.00%	0.81x	2.10x	AU$-39.62 Million
2006	7.78%	3.92%	0.84x	2.37x	AU$-9.07 Million
2007	-4.96%	-2.42%	0.84x	2.43x	AU$-59.68 Million
2008	-4.57%	-1.31%	1.39x	2.52x	AU$-63.55 Million
2009	9.10%	3.68%	1.59x	1.56x	AU$-6.21 Million
2010	6.25%	4.05%	0.93x	1.66x	AU$-48.04 Million
2011	12.50%	6.20%	1.05x	1.92x	AU$34.33 Million
2012	13.30%	6.17%	1.17x	1.84x	AU$50.85 Million
2013	8.01%	3.16%	1.41x	1.80x	AU$-34.96 Million
2014	2.88%	1.23%	1.23x	1.91x	AU$-124.15 Million
2015	1.76%	0.79%	1.11x	2.02x	AU$-150.08 Million
2016	1.77%	0.74%	1.16x	2.05x	AU$-143.30 Million
2017	6.74%	2.74%	1.27x	1.94x	AU$-60.69 Million
2018	3.63%	1.66%	1.07x	2.05x	AU$-123.72 Million
2019	-6.15%	-3.20%	0.91x	2.11x	AU$-296.63 Million
2020	31.34%	9.41%	1.79x	1.86x	AU$233.77 Million
2021	11.56%	2.54%	1.99x	2.28x	AU$18.79 Million
2022	26.19%	4.84%	2.30x	2.35x	AU$235.13 Million
2023	15.69%	3.04%	2.37x	2.18x	AU$90.52 Million
2024	4.11%	0.95%	2.23x	1.93x	AU$-88.47 Million
2025	2.85%	0.55%	2.71x	1.92x	AU$-100.26 Million

Industry Comparison

This section compares Graincorp Ltd's net assets metrics with peer companies in the Farm Products industry.

Industry Context

Industry: Farm Products
Average net assets among peers: $285,730,064
Average return on equity (ROE) among peers: -53.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Graincorp Ltd (GNC)	AU$1.40 Billion	-0.03%	0.92x	$992.51 Million
Australian Agricultural Company Ltd (AAC)	$1.52 Billion	-6.24%	0.56x	$554.44 Million
Australian Agricultural Projects Ltd (AAP)	$4.49 Million	-10.24%	1.92x	$15.65 Million
Clean Seas Seafood Ltd (CSS)	$23.28 Million	-148.03%	0.25x	$20.02 Million
Duxton Farms Ltd (DBF)	$75.38 Million	-1.94%	0.47x	$46.24 Million
Elders Ltd (ELD)	$695.64 Million	-0.73%	1.63x	$1.09 Billion
Farm Pride Foods Ltd (FRM)	$9.36 Million	-211.28%	5.27x	$36.74 Million
Inghams Group Ltd (ING)	$-1.20 Million	0.00%	0.00x	$478.64 Million
Lynch Group Holdings Ltd (LGL)	$242.75 Million	8.07%	0.60x	$189.75 Million
Murray Cod Australia Ltd (MCA)	$4.98 Million	-108.76%	0.01x	$23.01 Million

About Graincorp Ltd

AU:GNC Australia Farm Products

Market Cap

$992.51 Million

AU$1.40 Billion AUD

Market Cap Rank

#9153 Global

#228 in Australia

Share Price

AU$6.31

Change (1 day)

+2.10%

52-Week Range

AU$5.61 - AU$9.11

All Time High

AU$9.81