Gowing Bros Ltd
Gowing Bros. Limited operates as an investment and wealth management company in Australia. It operates through two divisions, Investment Management and Property Management. The Investment Management segment invests in securities listed on the Australian Stock Exchange in private equity vehicles, as well as loans, including mezzanine finance arrangements. The Property Management segment engages in… Read more
Gowing Bros Ltd (GOW) - Net Assets
Latest net assets as of July 2025: AU$196.09 Million AUD
Based on the latest financial reports, Gowing Bros Ltd (GOW) has net assets worth AU$196.09 Million AUD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$328.26 Million) and total liabilities (AU$132.17 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$196.09 Million |
| % of Total Assets | 59.74% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | 0.48% |
| 10-Year Change | -1.25% |
| Growth Volatility | 10.8 |
Gowing Bros Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Gowing Bros 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 Gowing Bros Ltd (1989–2025)
The table below shows the annual net assets of Gowing Bros Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | AU$196.09 Million | +0.94% |
| 2024-07-31 | AU$194.25 Million | -0.56% |
| 2023-07-31 | AU$195.35 Million | -3.26% |
| 2022-07-31 | AU$201.94 Million | +3.48% |
| 2021-07-31 | AU$195.15 Million | +6.02% |
| 2020-07-31 | AU$184.07 Million | -3.69% |
| 2019-07-31 | AU$191.12 Million | -11.50% |
| 2018-07-31 | AU$215.97 Million | +0.93% |
| 2017-07-31 | AU$213.98 Million | +7.75% |
| 2016-07-31 | AU$198.58 Million | +6.32% |
| 2015-07-31 | AU$186.77 Million | +9.73% |
| 2014-07-31 | AU$170.20 Million | +8.21% |
| 2013-07-31 | AU$157.28 Million | +4.50% |
| 2012-07-31 | AU$150.51 Million | +0.14% |
| 2011-07-31 | AU$150.30 Million | -0.93% |
| 2010-07-31 | AU$151.72 Million | +12.02% |
| 2009-07-31 | AU$135.44 Million | -13.85% |
| 2008-07-31 | AU$157.22 Million | -13.75% |
| 2007-07-31 | AU$182.28 Million | +15.19% |
| 2006-07-31 | AU$158.24 Million | +55.85% |
| 2005-07-31 | AU$101.53 Million | +6.28% |
| 2004-07-31 | AU$95.53 Million | +1.64% |
| 2003-07-31 | AU$93.99 Million | +4.16% |
| 2002-07-31 | AU$90.24 Million | -1.43% |
| 2001-07-31 | AU$91.54 Million | +3.63% |
| 2000-07-31 | AU$88.34 Million | +2.46% |
| 1999-07-31 | AU$86.22 Million | -2.04% |
| 1998-07-31 | AU$88.02 Million | +4.88% |
| 1997-07-31 | AU$83.92 Million | +13.02% |
| 1996-07-31 | AU$74.25 Million | +6.32% |
| 1995-07-31 | AU$69.84 Million | +6.29% |
| 1994-07-31 | AU$65.70 Million | +1.30% |
| 1993-07-31 | AU$64.86 Million | +4.88% |
| 1992-07-31 | AU$61.84 Million | +5.45% |
| 1991-07-31 | AU$58.65 Million | +3.84% |
| 1990-07-31 | AU$56.48 Million | +5.58% |
| 1989-07-31 | AU$53.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gowing Bros 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 2943.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$74.77 Million | 38.13% |
| Common Stock | AU$12.42 Million | 6.34% |
| Other Comprehensive Income | AU$108.89 Million | 55.53% |
| Total Equity | AU$196.08 Million | 100.00% |
Gowing Bros Ltd Competitors by Market Cap
The table below lists competitors of Gowing Bros Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hauman Technologies
TWO:6218
|
$28.15 Million |
|
MoneyHero Limited Class A Ordinary Shares
NASDAQ:MNY
|
$28.15 Million |
|
Niloerngruppen AB Series B
ST:NIL-B
|
$28.15 Million |
|
Pinar Su Sanayi ve Ticaret AS
IS:PINSU
|
$28.16 Million |
|
KB No.2 Special Purpose Acq
KQ:192250
|
$28.13 Million |
|
Island Pharmaceuticals Ltd
AU:ILA
|
$28.12 Million |
|
Spring Valley Acquisition Corp. II Class A Ordinary Shares
NASDAQ:SVII
|
$28.11 Million |
|
ORIENTBIO Inc.
KO:002630
|
$28.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gowing Bros Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 194,246,000 to 196,083,000, a change of 1,837,000 (0.9%).
- Net loss of 3,288,000 reduced equity.
- Dividend payments of 3,430,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,576,000.
- Other factors increased equity by 2,979,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.29 Million | -1.68% |
| Dividends Paid | AU$3.43 Million | -1.75% |
| Other Comprehensive Income | AU$5.58 Million | +2.84% |
| Other Changes | AU$2.98 Million | +1.52% |
| Total Change | AU$- | 0.95% |
Book Value vs Market Value Analysis
This analysis compares Gowing Bros 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: 0.61x
- 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 2.24x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-07-31 | AU$1.01 | AU$2.25 | x |
| 1990-07-31 | AU$1.06 | AU$2.25 | x |
| 1991-07-31 | AU$1.10 | AU$2.25 | x |
| 1992-07-31 | AU$1.16 | AU$2.25 | x |
| 1993-07-31 | AU$1.22 | AU$2.25 | x |
| 1994-07-31 | AU$1.24 | AU$2.25 | x |
| 1995-07-31 | AU$1.31 | AU$2.25 | x |
| 1996-07-31 | AU$1.72 | AU$2.25 | x |
| 1997-07-31 | AU$1.58 | AU$2.25 | x |
| 1998-07-31 | AU$1.66 | AU$2.25 | x |
| 1999-07-31 | AU$1.62 | AU$2.25 | x |
| 2000-07-31 | AU$1.66 | AU$2.25 | x |
| 2001-07-31 | AU$0.00 | AU$2.25 | x |
| 2002-07-31 | AU$1.70 | AU$2.25 | x |
| 2003-07-31 | AU$1.77 | AU$2.25 | x |
| 2004-07-31 | AU$1.80 | AU$2.25 | x |
| 2005-07-31 | AU$1.91 | AU$2.25 | x |
| 2006-07-31 | AU$2.98 | AU$2.25 | x |
| 2007-07-31 | AU$3.43 | AU$2.25 | x |
| 2008-07-31 | AU$2.96 | AU$2.25 | x |
| 2009-07-31 | AU$2.55 | AU$2.25 | x |
| 2010-07-31 | AU$2.86 | AU$2.25 | x |
| 2011-07-31 | AU$2.83 | AU$2.25 | x |
| 2012-07-31 | AU$2.83 | AU$2.25 | x |
| 2013-07-31 | AU$2.96 | AU$2.25 | x |
| 2014-07-31 | AU$3.20 | AU$2.25 | x |
| 2015-07-31 | AU$3.51 | AU$2.25 | x |
| 2016-07-31 | AU$3.74 | AU$2.25 | x |
| 2017-07-31 | AU$4.03 | AU$2.25 | x |
| 2018-07-31 | AU$4.06 | AU$2.25 | x |
| 2019-07-31 | AU$3.60 | AU$2.25 | x |
| 2020-07-31 | AU$3.46 | AU$2.25 | x |
| 2021-07-31 | AU$3.67 | AU$2.25 | x |
| 2022-07-31 | AU$3.80 | AU$2.25 | x |
| 2023-07-31 | AU$3.68 | AU$2.25 | x |
| 2024-07-31 | AU$3.66 | AU$2.25 | x |
| 2025-07-31 | AU$3.68 | AU$2.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gowing Bros 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): -1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.33%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.67x
- Recent ROE (-1.68%) is below the historical average (5.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 10.02% | 0.00% | 0.00x | 1.08x | AU$10.50K |
| 1995 | 9.01% | 0.00% | 0.00x | 1.12x | AU$-692.10K |
| 1996 | 7.30% | 0.00% | 0.00x | 0.88x | AU$-2.46 Million |
| 1997 | 10.94% | 15.87% | 0.63x | 1.09x | AU$789.80K |
| 1998 | 9.76% | 0.00% | 0.00x | 1.09x | AU$-207.50K |
| 1999 | 7.23% | 0.00% | 0.00x | 1.17x | AU$-2.39 Million |
| 2000 | 0.09% | 0.00% | -0.01x | 1.26x | AU$-8.75 Million |
| 2001 | 0.00% | 0.00% | 0.41x | 0.00x | AU$4.10K |
| 2002 | 9.61% | 67.31% | 0.12x | 1.24x | AU$-352.70K |
| 2003 | 0.00% | 0.01% | 0.06x | 1.22x | AU$-9.40 Million |
| 2004 | 0.00% | -0.01% | 0.11x | 1.15x | AU$-9.55 Million |
| 2005 | -0.01% | -0.09% | 0.08x | 1.16x | AU$-10.16 Million |
| 2006 | 16.13% | 261.07% | 0.05x | 1.16x | AU$9.70 Million |
| 2007 | 8.41% | 67.98% | 0.10x | 1.20x | AU$-2.89 Million |
| 2008 | 9.99% | 74.99% | 0.11x | 1.17x | AU$-19.60K |
| 2009 | 4.61% | 43.06% | 0.09x | 1.25x | AU$-7.30 Million |
| 2010 | 4.33% | 42.76% | 0.08x | 1.27x | AU$-8.60 Million |
| 2011 | 4.35% | 42.54% | 0.08x | 1.28x | AU$-8.49 Million |
| 2012 | 3.96% | 35.23% | 0.08x | 1.39x | AU$-9.08 Million |
| 2013 | 4.63% | 36.01% | 0.09x | 1.39x | AU$-8.45 Million |
| 2014 | 8.27% | 64.96% | 0.09x | 1.39x | AU$-2.95 Million |
| 2015 | 10.23% | 79.93% | 0.09x | 1.42x | AU$436.90K |
| 2016 | 11.07% | 55.41% | 0.14x | 1.42x | AU$2.13 Million |
| 2017 | 10.86% | 44.71% | 0.16x | 1.50x | AU$1.84 Million |
| 2018 | 2.52% | 9.33% | 0.17x | 1.64x | AU$-16.14 Million |
| 2019 | -10.15% | -30.66% | 0.18x | 1.80x | AU$-38.52 Million |
| 2020 | 2.58% | 7.46% | 0.20x | 1.69x | AU$-13.66 Million |
| 2021 | 5.32% | 14.58% | 0.21x | 1.70x | AU$-9.13 Million |
| 2022 | 5.41% | 14.00% | 0.23x | 1.66x | AU$-9.28 Million |
| 2023 | -2.71% | -8.22% | 0.20x | 1.65x | AU$-24.82 Million |
| 2024 | -0.02% | -0.06% | 0.21x | 1.66x | AU$-19.47 Million |
| 2025 | -1.68% | -5.33% | 0.19x | 1.67x | AU$-22.90 Million |
Industry Comparison
This section compares Gowing Bros 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 |
|---|---|---|---|---|
| Gowing Bros Ltd (GOW) | AU$196.09 Million | 10.02% | 0.67x | $28.14 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 |