Harmoney Corp Ltd
Harmoney Corp Limited, together with its subsidiaries, provides secured and unsecured personal loans through online in Australia and New Zealand. The company's personal loans are used for various purposes, including debt consolidation, home improvement, wedding, car, holiday, education, business, and medical expenses. It also operates Stellare, an investment platform. Harmoney Corp Limited was in… Read more
Harmoney Corp Ltd (HMY) - Net Assets
Latest net assets as of June 2025: AU$37.13 Million AUD
Based on the latest financial reports, Harmoney Corp Ltd (HMY) has net assets worth AU$37.13 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$945.24 Million) and total liabilities (AU$908.11 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$37.13 Million |
| % of Total Assets | 3.93% |
| Annual Growth Rate | -2.02% |
| 5-Year Change | -47.3% |
| 10-Year Change | N/A |
| Growth Volatility | 34.97 |
Harmoney Corp Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Harmoney Corp 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 Harmoney Corp Ltd (2019–2024)
The table below shows the annual net assets of Harmoney Corp Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$37.13 Million | -6.79% |
| 2023-12-31 | AU$39.84 Million | -25.89% |
| 2022-12-31 | AU$53.76 Million | -8.97% |
| 2021-12-31 | AU$59.05 Million | -16.18% |
| 2020-12-31 | AU$70.45 Million | +71.37% |
| 2019-12-31 | AU$41.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harmoney Corp 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 6295725900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$137.26 Million | 369.67% |
| Other Comprehensive Income | AU$-6.69 Million | -18.02% |
| Total Equity | AU$37.13 Million | 100.00% |
Harmoney Corp Ltd Competitors by Market Cap
The table below lists competitors of Harmoney Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Taffeta Fabric Co Ltd
TW:1454
|
$21.78 Million |
|
Sun Brothers Development Co Ltd
TWO:3489
|
$21.79 Million |
|
Bubang Co. Ltd
KQ:014470
|
$21.79 Million |
|
Partner
TA:PTNR
|
$21.80 Million |
|
G-Able PCL
BK:GABLE
|
$21.78 Million |
|
Konya Kagit Sanayi ve Ticaret AS
IS:KONKA
|
$21.78 Million |
|
Zhejiang Furun Co Ltd
SHG:600070
|
$21.77 Million |
|
Doctor Care Anywhere Group Plc
AU:DOC
|
$21.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harmoney Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,836,101 to 37,130,397, a change of -2,705,704 (-6.8%).
- Net income of 5,518,000 contributed positively to equity growth.
- Share repurchases of 136,750 reduced equity.
- Other comprehensive income decreased equity by 11,270,384.
- Other factors increased equity by 3,183,430.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$5.52 Million | +14.86% |
| Share Repurchases | AU$136.75K | -0.37% |
| Other Comprehensive Income | AU$-11.27 Million | -30.35% |
| Other Changes | AU$3.18 Million | +8.57% |
| Total Change | AU$- | -6.79% |
Book Value vs Market Value Analysis
This analysis compares Harmoney Corp 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: 2.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 37.98x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$0.02 | AU$0.82 | x |
| 2018-12-31 | AU$0.10 | AU$0.82 | x |
| 2019-12-31 | AU$0.39 | AU$0.82 | x |
| 2020-12-31 | AU$0.75 | AU$0.82 | x |
| 2021-12-31 | AU$0.58 | AU$0.82 | x |
| 2022-12-31 | AU$0.53 | AU$0.82 | x |
| 2023-12-31 | AU$0.39 | AU$0.82 | x |
| 2024-12-31 | AU$0.36 | AU$0.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harmoney Corp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.19%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 25.46x
- Recent ROE (14.86%) is above the historical average (-19.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -45.03% | -7.43% | 2.54x | 2.39x | AU$-2.38 Million |
| 2018 | 37.81% | 23.55% | 0.47x | 3.43x | AU$5.53 Million |
| 2019 | -42.73% | -73.37% | 0.09x | 6.67x | AU$-15.18 Million |
| 2020 | -38.27% | -75.63% | 0.10x | 5.17x | AU$-34.00 Million |
| 2021 | -32.03% | -24.48% | 0.12x | 10.78x | AU$-24.82 Million |
| 2022 | -14.10% | -7.11% | 0.14x | 14.67x | AU$-12.96 Million |
| 2023 | -33.12% | -9.92% | 0.16x | 21.51x | AU$-17.18 Million |
| 2024 | 14.86% | 4.19% | 0.14x | 25.46x | AU$1.80 Million |
Industry Comparison
This section compares Harmoney Corp Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $370,730,980
- Average return on equity (ROE) among peers: -11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harmoney Corp Ltd (HMY) | AU$37.13 Million | -45.03% | 24.46x | $21.78 Million |
| Butn Ltd (BTN) | $8.11 Million | -152.13% | 10.26x | $3.14 Million |
| Earlypay Ltd (EPY) | $73.48 Million | -10.54% | 3.90x | $16.78 Million |
| FSA Group Ltd (FSA) | $76.76 Million | 13.88% | 3.90x | $26.38 Million |
| Humm Group Ltd (HUM) | $364.58 Million | 18.06% | 2.99x | $98.09 Million |
| Lawfinance Ltd (LAW) | $9.11 Million | 3.15% | 0.11x | $121.26K |
| Liberty Financial Group (LFG) | $1.19 Billion | 11.23% | 12.61x | $129.94 Million |
| Latitude Group Holdings Ltd (LFS) | $1.57 Billion | 10.28% | 4.12x | $305.96 Million |
| Moneyme Ltd (MME) | $46.85 Million | 2.77% | 2.56x | $23.29 Million |
| Propell Holdings Ltd (PHL) | $-845.24K | 0.00% | 0.00x | $494.63K |