Hearts and Minds Investments Ltd (HM1) - Net Assets
Based on the latest financial reports, Hearts and Minds Investments Ltd (HM1) has net assets worth AU$786.70 Million AUD (≈ $556.64 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$857.95 Million ≈ $607.06 Million USD) and total liabilities (AU$71.25 Million ≈ $50.42 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 HM1 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$786.70 Million |
| % of Total Assets | 91.69% |
| Annual Growth Rate | 6.69% |
| 5-Year Change | -11.21% |
| 10-Year Change | N/A |
| Growth Volatility | 16.31 |
Hearts and Minds Investments Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Hearts and Minds Investments Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hearts and Minds Investments Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Hearts and Minds Investments Ltd (2018–2025)
The table below shows the annual net assets of Hearts and Minds Investments Ltd from 2018 to 2025. For live valuation and market cap data, see Hearts and Minds Investments Ltd (HM1) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$786.70 Million ≈ $556.64 Million |
+12.80% |
| 2024-06-30 | AU$697.41 Million ≈ $493.46 Million |
+3.24% |
| 2023-06-30 | AU$675.52 Million ≈ $477.98 Million |
+5.36% |
| 2022-06-30 | AU$641.13 Million ≈ $453.64 Million |
-27.64% |
| 2021-06-30 | AU$886.00 Million ≈ $626.90 Million |
+18.05% |
| 2020-06-30 | AU$750.51 Million ≈ $531.03 Million |
+25.25% |
| 2019-06-30 | AU$599.19 Million ≈ $423.97 Million |
+19.84% |
| 2018-06-30 | AU$500.00 Million ≈ $353.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hearts and Minds Investments 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 6578008200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$65.78 Million | 8.36% |
| Common Stock | AU$574.94 Million | 73.08% |
| Other Comprehensive Income | AU$145.98 Million | 18.56% |
| Total Equity | AU$786.70 Million | 100.00% |
Hearts and Minds Investments Ltd Competitors by Market Cap
The table below lists competitors of Hearts and Minds Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qtone Education Group Guangdong Ltd
SHE:300359
|
$463.38 Million |
|
Holsin Engineering Consulting
SHG:603909
|
$463.46 Million |
|
Shui On Land Limited
F:OL5
|
$463.52 Million |
|
CN EVERBRIGHT WATER HD 1
F:BIU2
|
$463.60 Million |
|
Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251
|
$463.28 Million |
|
Crescent Capital BDC Inc
NASDAQ:CCAP
|
$463.23 Million |
|
Fulcrum Therapeutics Inc
NASDAQ:FULC
|
$463.11 Million |
|
INNOX Advanced Materials Co.Ltd
KQ:272290
|
$463.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hearts and Minds Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 697,407,504 to 786,699,289, a change of 89,291,785 (12.8%).
- Net income of 106,818,021 contributed positively to equity growth.
- Dividend payments of 35,491,662 reduced retained earnings.
- Other comprehensive income increased equity by 12,329,712.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$106.82 Million | +13.58% |
| Dividends Paid | AU$35.49 Million | -4.51% |
| Other Comprehensive Income | AU$12.33 Million | +1.57% |
| Other Changes | AU$5.64 Million | +0.72% |
| Total Change | AU$- | 12.80% |
Book Value vs Market Value Analysis
This analysis compares Hearts and Minds Investments 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: 0.83x
- 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 1.18x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | AU$2.43 | AU$2.86 | x |
| 2019-06-30 | AU$3.56 | AU$2.86 | x |
| 2020-06-30 | AU$3.53 | AU$2.86 | x |
| 2021-06-30 | AU$3.93 | AU$2.86 | x |
| 2022-06-30 | AU$2.83 | AU$2.86 | x |
| 2023-06-30 | AU$2.96 | AU$2.86 | x |
| 2024-06-30 | AU$3.05 | AU$2.86 | x |
| 2025-06-30 | AU$3.44 | AU$2.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hearts and Minds Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 64.68%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.09x
- Recent ROE (13.58%) is above the historical average (1.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -0.16% | -20.08% | 0.01x | 1.05x | AU$-57.94 Million |
| 2020 | -0.36% | -56.51% | 0.01x | 1.11x | AU$-77.74 Million |
| 2021 | -1.41% | 0.00% | -0.01x | 1.11x | AU$-101.06 Million |
| 2022 | -14.79% | 0.00% | -0.19x | 1.01x | AU$-158.95 Million |
| 2023 | 4.84% | 56.85% | 0.08x | 1.01x | AU$-34.83 Million |
| 2024 | 7.30% | 60.35% | 0.12x | 1.05x | AU$-18.81 Million |
| 2025 | 13.58% | 64.68% | 0.19x | 1.09x | AU$28.15 Million |
Industry Comparison
This section compares Hearts and Minds Investments Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $523,870,070
- Average return on equity (ROE) among peers: 5.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hearts and Minds Investments Ltd (HM1) | AU$786.70 Million | -0.16% | 0.09x | $463.38 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $62.59 Million | -0.91% | 0.05x | $58.49 Million |
| Australian Ethical Investment Ltd (AEF) | $7.63 Million | 16.82% | 0.48x | $315.72 Million |
| Australian Foundation Investment Company Ltd (AFI) | $816.90 Million | 4.91% | 0.14x | $5.88 Billion |
| Alternative Investment Trust (AIQ) | $42.68 Million | 16.92% | 0.00x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $290.00 Million | 3.30% | 0.01x | $299.38 Million |
| Amcil Ltd (AMH) | $183.46 Million | 4.13% | 0.06x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $8.90 Million | -7.21% | 0.48x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $51.27 Million | -12.17% | 2.18x | $66.00 Million |
| ARC Funds Ltd (ARC) | $13.27 Million | 26.50% | 0.20x | $3.65 Million |
| Argo Investments Ltd (ARG) | $3.76 Billion | 4.65% | 0.13x | $4.71 Billion |
About Hearts and Minds Investments Ltd
Hearts and Minds Investments Ltd operates in various business sectors.