Highcom Ltd (HCL) - Net Assets
Based on the latest financial reports, Highcom Ltd (HCL) has net assets worth AU$22.49 Million AUD (≈ $15.91 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$31.92 Million ≈ $22.59 Million USD) and total liabilities (AU$9.43 Million ≈ $6.67 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 HCL capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$22.49 Million |
| % of Total Assets | 70.45% |
| Annual Growth Rate | 1.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.01 |
Highcom Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Highcom Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Highcom Ltd stock valuation.
Annual Net Assets for Highcom Ltd (2021–2025)
The table below shows the annual net assets of Highcom Ltd from 2021 to 2025. Also explore Highcom Ltd (HCL) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$29.79 Million ≈ $21.08 Million |
-3.30% |
| 2024-06-30 | AU$30.80 Million ≈ $21.79 Million |
-26.84% |
| 2023-06-30 | AU$42.10 Million ≈ $29.79 Million |
+20.94% |
| 2022-06-30 | AU$34.81 Million ≈ $24.63 Million |
+21.68% |
| 2021-06-30 | AU$28.61 Million ≈ $20.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Highcom 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 126307400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$52.93 Million | 177.69% |
| Other Components | AU$1.42 Million | 4.77% |
| Total Equity | AU$29.79 Million | 100.00% |
Highcom Ltd Competitors by Market Cap
The table below lists competitors of Highcom Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nagarjuna Fertilizers and Chemicals Limited
NSE:NAGAFERT
|
$12.03 Million |
|
Medience Co. LTD
KQ:014100
|
$12.04 Million |
|
Firstwave Cloud Technology Ltd
AU:FCT
|
$12.04 Million |
|
Field Solutions Holdings Ltd
AU:FSG
|
$12.04 Million |
|
ADX Energy Ltd
AU:ADX
|
$12.02 Million |
|
RedCloud Holdings plc Ordinary Shares
NASDAQ:RCT
|
$12.02 Million |
|
Condor Energy Ltd
AU:CND
|
$12.02 Million |
|
UDAYSHIVAKUMAR INFRA ORD (BSE)
NSE:USK
|
$12.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highcom Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,802,693 to 29,786,100, a change of -1,016,593 (-3.3%).
- Net loss of 1,189,060 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.19 Million | -3.99% |
| Other Changes | AU$172.47K | +0.58% |
| Total Change | AU$- | -3.30% |
Book Value vs Market Value Analysis
This analysis compares Highcom 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: 0.41x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.30 | AU$0.12 | x |
| 2022-06-30 | AU$0.35 | AU$0.12 | x |
| 2023-06-30 | AU$0.42 | AU$0.12 | x |
| 2024-06-30 | AU$0.30 | AU$0.12 | x |
| 2025-06-30 | AU$0.29 | AU$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highcom Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.46%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.36x
- Recent ROE (-3.99%) is above the historical average (-6.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -18.57% | -14.08% | 0.62x | 2.11x | AU$-6.12 Million |
| 2022 | 16.48% | 9.79% | 0.75x | 2.25x | AU$2.26 Million |
| 2023 | 14.47% | 6.81% | 1.18x | 1.81x | AU$1.88 Million |
| 2024 | -39.02% | -26.41% | 1.15x | 1.29x | AU$-15.10 Million |
| 2025 | -3.99% | -2.46% | 1.19x | 1.36x | AU$-4.17 Million |
Industry Comparison
This section compares Highcom Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $235,996,546
- Average return on equity (ROE) among peers: -34.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highcom Ltd (HCL) | AU$22.49 Million | -18.57% | 0.42x | $12.03 Million |
| Austal Ltd (ASB) | $1.05 Billion | -1.31% | 0.84x | $1.39 Billion |
| Droneshield Ltd (DRO) | $2.92 Million | -187.64% | 0.18x | $1.12 Billion |
| Electro Optic Systems Holdings Ltd (EOS) | $42.91 Million | -34.33% | 0.32x | $1.62 Billion |
| Orbital Corporation Ltd (OEC) | $269.52 Million | 0.00% | 0.02x | $15.84 Million |
| Quickstep Holdings Ltd (QHL) | $22.38 Million | 3.51% | 2.56x | $29.18 Million |
| Veem Ltd (VEE) | $28.81 Million | 13.36% | 0.53x | $52.96 Million |
About Highcom Ltd
HighCom Limited provides armors and technologies for defense sectors in Australia, the Asia Pacific, North America, Europe, and internationally. It operates through Armour Division and Technology Division segments. The company offers armour products comprising body armour, ballistic helmets, shields, composite armour panels, and platform structures. It also provides uncrewed aerial systems, contr… Read more