HMC Capital Ltd (HMC) - Net Assets

Latest as of June 2025: AU$1.88 Billion AUD ≈ $1.33 Billion USD

Based on the latest financial reports, HMC Capital Ltd (HMC) has net assets worth AU$1.88 Billion AUD (≈ $1.33 Billion 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$2.18 Billion ≈ $1.54 Billion USD) and total liabilities (AU$299.20 Million ≈ $211.70 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. Also explore HMC total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$1.88 Billion
% of Total Assets	86.28%
Annual Growth Rate	22.81%
5-Year Change	164.62%
10-Year Change	N/A
Growth Volatility	23.69

HMC Capital Ltd - Net Assets Trend (2018–2025)

This chart illustrates how HMC Capital Ltd's net assets have evolved over time, based on quarterly financial data. Check HMC Capital Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for HMC Capital Ltd (2018–2025)

The table below shows the annual net assets of HMC Capital Ltd from 2018 to 2025. For live valuation and market cap data, see market value of HMC Capital Ltd.

Year	Net Assets	Change
2025-06-30	AU$1.88 Billion ≈ $1.33 Billion	+24.86%
2024-06-30	AU$1.51 Billion ≈ $1.07 Billion	+25.52%
2023-06-30	AU$1.20 Billion ≈ $849.36 Million	+41.89%
2022-06-30	AU$846.00 Million ≈ $598.60 Million	+18.99%
2021-06-30	AU$710.98 Million ≈ $503.06 Million	-2.54%
2020-06-30	AU$729.53 Million ≈ $516.19 Million	-3.84%
2019-06-30	AU$758.65 Million ≈ $536.79 Million	+69.90%
2018-06-30	AU$446.54 Million ≈ $315.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to HMC Capital 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 2651800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$5.70 Billion	343.73%
Other Comprehensive Income	AU$-1.23 Billion	-73.85%
Total Equity	AU$1.66 Billion	100.00%

HMC Capital Ltd Competitors by Market Cap

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

Company	Market Cap
Orient Semiconductor Electronics Ltd TW:2329	$919.69 Million
MFA Financial Inc NYSE:MFA	$920.46 Million
Shanghai Hajime Advanced Material Technology Co. Ltd. SHE:301000	$920.50 Million
Beijing Oriental Jicheng Co Ltd SHE:002819	$921.13 Million
Formosa Advanced Technologies Co Ltd TW:8131	$919.54 Million
Chongqing Baiya Sanitary Products Co SHE:003006	$919.17 Million
Guangzhou Dongfang Hotel Co Ltd SHE:000524	$918.94 Million
Wanbangde Pharmaceutical Holding Group Co Ltd SHE:002082	$918.37 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,222,900,000 to 1,658,900,000, a change of 436,000,000 (35.7%).
Net income of 147,300,000 contributed positively to equity growth.
Dividend payments of 191,100,000 reduced retained earnings.
New share issuances of 299,500,000 increased equity.
Other comprehensive income increased equity by 100,000.
Other factors increased equity by 180,200,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$147.30 Million	+8.88%
Dividends Paid	AU$191.10 Million	-11.52%
Share Issuances	AU$299.50 Million	+18.05%
Other Comprehensive Income	AU$100.00K	+0.01%
Other Changes	AU$180.20 Million	+10.86%
Total Change	AU$-	35.65%

Book Value vs Market Value Analysis

This analysis compares HMC Capital 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: 0.77x
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 1.40x to 0.77x 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$2.26	AU$3.15	x
2019-06-30	AU$8.13	AU$3.15	x
2020-06-30	AU$4.36	AU$3.15	x
2021-06-30	AU$2.59	AU$3.15	x
2022-06-30	AU$2.86	AU$3.15	x
2023-06-30	AU$3.50	AU$3.15	x
2024-06-30	AU$3.47	AU$3.15	x
2025-06-30	AU$4.11	AU$3.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently HMC Capital 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): 8.88%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 59.11%
• Asset Turnover: 0.11x
• Equity Multiplier: 1.31x
Recent ROE (8.88%) is below the historical average (17.24%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2018	115.62%	3647.27%	0.02x	2.01x	AU$471.65 Million
2019	1.43%	22.06%	0.04x	1.70x	AU$-65.00 Million
2020	-0.39%	-4.53%	0.05x	1.75x	AU$-75.77 Million
2021	-7.71%	-78.08%	0.07x	1.39x	AU$-125.19 Million
2022	9.13%	98.17%	0.09x	1.08x	AU$-7.35 Million
2023	5.52%	18185.03%	0.00x	1.30x	AU$-46.26 Million
2024	5.40%	81.08%	0.05x	1.46x	AU$-56.29 Million
2025	8.88%	59.11%	0.11x	1.31x	AU$-18.59 Million

Industry Comparison

This section compares HMC Capital Ltd's net assets metrics with peer companies in the REIT - Diversified industry.

Industry Context

Industry: REIT - Diversified
Average net assets among peers: $4,748,307,869
Average return on equity (ROE) among peers: 29.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HMC Capital Ltd (HMC)	AU$1.88 Billion	115.62%	0.16x	$919.65 Million
Abacus Group (ABG)	$1.44 Billion	9.28%	0.49x	$594.38 Million
Charter Hall Group (CHC)	$1.39 Million	224.12%	0.49x	$8.04 Billion
Charter Hall Long Wale REIT (CLW)	$2.19 Billion	5.60%	0.41x	$1.93 Billion
Centuria Capital Group (CNI)	$104.55 Million	8.68%	5.38x	$888.56 Million
Fat Prophets Global Property Fund (FPP)	$20.32 Million	-15.01%	0.08x	$14.61 Million
Goodman Group (GMG)	$18.02 Billion	8.65%	0.34x	$44.52 Billion
GPT Group (GPT)	$10.63 Billion	9.23%	0.59x	$7.10 Billion
Mirvac Group (MGR)	$2.03 Billion	10.98%	0.79x	$5.08 Billion
Stockland (SGP)	$8.30 Billion	6.35%	0.80x	$7.38 Billion

About HMC Capital Ltd

AU:HMC Australia REIT - Diversified

Market Cap

$919.65 Million

AU$1.30 Billion AUD

Market Cap Rank

#9254 Global

#234 in Australia

Share Price

AU$3.15

Change (1 day)

+2.27%

52-Week Range

AU$2.20 - AU$4.46

All Time High

AU$12.54