HMC Capital Ltd (HMC) - Net Assets
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. Check HMC asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore HMC total assets for the complete picture of this company's asset 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 HMC stock market capitalisation.
| 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 |
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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 |
|---|---|
|
Logistea AB Series B
ST:LOGI-B
|
$729.97 Million |
|
Liberty Broadband Srs A
NASDAQ:LBRDA
|
$730.01 Million |
|
COFCO Engineering & Technology Co Ltd
SHE:301058
|
$730.13 Million |
|
Changhong Meiling Co Ltd
SHE:000521
|
$730.28 Million |
|
Southern Missouri Bancorp Inc
NASDAQ:SMBC
|
$729.85 Million |
|
Invengo Information Technology Co Ltd
SHE:002161
|
$729.60 Million |
|
Integrated Electronic Systems Lab Co Ltd
SHE:002339
|
$729.53 Million |
|
Ridley Corporation Ltd
AU:RIC
|
$729.39 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: 0.61x
- 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 1.11x 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 |
|---|---|---|---|
| 2018-06-30 | AU$2.26 | AU$2.50 | x |
| 2019-06-30 | AU$8.13 | AU$2.50 | x |
| 2020-06-30 | AU$4.36 | AU$2.50 | x |
| 2021-06-30 | AU$2.59 | AU$2.50 | x |
| 2022-06-30 | AU$2.86 | AU$2.50 | x |
| 2023-06-30 | AU$3.50 | AU$2.50 | x |
| 2024-06-30 | AU$3.47 | AU$2.50 | x |
| 2025-06-30 | AU$4.11 | AU$2.50 | 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: $4,531,510,690
- Average return on equity (ROE) among peers: 6.27%
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 | $729.88 Million |
| Abacus Group (ABG) | $3.50 Billion | 14.77% | 0.54x | $654.45 Million |
| Charter Hall Group (CHC) | $2.15 Billion | 16.22% | 0.30x | $6.72 Billion |
| Charter Hall Long Wale REIT (CLW) | $2.19 Billion | 5.60% | 0.41x | $1.79 Billion |
| Centuria Capital Group (CNI) | $127.67 Million | 9.64% | 3.51x | $1.06 Billion |
| Fat Prophets Global Property Fund (FPP) | $19.80 Million | -20.58% | 0.00x | $14.61 Million |
| Goodman Group (GMG) | $5.01 Billion | 7.82% | 0.51x | $43.35 Billion |
| GPT Group (GPT) | $6.95 Billion | 10.17% | 0.40x | $6.52 Billion |
| Mirvac Group (MGR) | $10.66 Billion | 8.45% | 0.52x | $4.76 Billion |
| Stockland (SGP) | $10.18 Billion | 4.32% | 0.64x | $6.94 Billion |
About HMC Capital Ltd
HMC Capital Limited, together with its subsidiaries, owns and manages real estate focused funds in Australia. The company invests in high-conviction global megatrends and scalable real assets on behalf of individuals, large institutions, and super funds. The company was formerly known as Home Consortium Limited. HMC Capital Limited was incorporated in 2009 and is headquartered in Sydney, Australi… Read more