Harvey Norman Holdings Ltd (HVN) - Net Assets

Latest as of December 2025: AU$4.95 Billion AUD ≈ $3.50 Billion USD

Based on the latest financial reports, Harvey Norman Holdings Ltd (HVN) has net assets worth AU$4.95 Billion AUD (≈ $3.50 Billion 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$8.77 Billion ≈ $6.21 Billion USD) and total liabilities (AU$3.82 Billion ≈ $2.71 Billion 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. Explore HVN cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$4.95 Billion
% of Total Assets 56.41%
Annual Growth Rate 14.33%
5-Year Change 24.44%
10-Year Change 80.18%
Growth Volatility 12.87

Harvey Norman Holdings Ltd - Net Assets Trend (1989–2025)

This chart illustrates how Harvey Norman Holdings Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Harvey Norman Holdings Ltd (HVN) market capitalisation.

Annual Net Assets for Harvey Norman Holdings Ltd (1989–2025)

The table below shows the annual net assets of Harvey Norman Holdings Ltd from 1989 to 2025. Read total liabilities of Harvey Norman Holdings Ltd for a breakdown of total debt and financial obligations.

Year Net Assets Change
2025-06-30 AU$4.84 Billion
≈ $3.43 Billion		 +6.78%
2024-06-30 AU$4.54 Billion
≈ $3.21 Billion		 +1.58%
2023-06-30 AU$4.47 Billion
≈ $3.16 Billion		 +4.01%
2022-06-30 AU$4.29 Billion
≈ $3.04 Billion		 +10.30%
2021-06-30 AU$3.89 Billion
≈ $2.75 Billion		 +11.95%
2020-06-30 AU$3.48 Billion
≈ $2.46 Billion		 +8.74%
2019-06-30 AU$3.20 Billion
≈ $2.26 Billion		 +8.85%
2018-06-30 AU$2.94 Billion
≈ $2.08 Billion		 +4.44%
2017-06-30 AU$2.81 Billion
≈ $1.99 Billion		 +4.62%
2016-06-30 AU$2.69 Billion
≈ $1.90 Billion		 +5.16%
2015-06-30 AU$2.56 Billion
≈ $1.81 Billion		 +2.64%
2014-06-30 AU$2.49 Billion
≈ $1.76 Billion		 +5.38%
2013-06-30 AU$2.36 Billion
≈ $1.67 Billion		 +4.28%
2012-06-30 AU$2.27 Billion
≈ $1.60 Billion		 +1.72%
2011-06-30 AU$2.23 Billion
≈ $1.58 Billion		 +3.30%
2010-06-30 AU$2.16 Billion
≈ $1.53 Billion		 +4.76%
2009-06-30 AU$2.06 Billion
≈ $1.46 Billion		 +5.75%
2008-06-30 AU$1.95 Billion
≈ $1.38 Billion		 +11.77%
2007-06-30 AU$1.74 Billion
≈ $1.23 Billion		 +20.74%
2006-06-30 AU$1.44 Billion
≈ $1.02 Billion		 +6.73%
2005-06-30 AU$1.35 Billion
≈ $956.57 Million		 +10.07%
2004-06-30 AU$1.23 Billion
≈ $869.08 Million		 +18.78%
2003-06-30 AU$1.03 Billion
≈ $731.65 Million		 +18.06%
2002-06-30 AU$875.89 Million
≈ $619.75 Million		 +33.97%
2001-06-30 AU$653.81 Million
≈ $462.61 Million		 +18.80%
2000-06-30 AU$550.33 Million
≈ $389.39 Million		 +35.94%
1999-06-30 AU$404.83 Million
≈ $286.44 Million		 +20.90%
1998-06-30 AU$334.86 Million
≈ $236.93 Million		 +30.05%
1997-06-30 AU$257.49 Million
≈ $182.19 Million		 +18.93%
1996-06-30 AU$216.50 Million
≈ $153.19 Million		 +35.47%
1995-06-30 AU$159.81 Million
≈ $113.08 Million		 +57.00%
1994-06-30 AU$101.79 Million
≈ $72.03 Million		 +44.25%
1993-06-30 AU$70.56 Million
≈ $49.93 Million		 +15.56%
1992-06-30 AU$61.06 Million
≈ $43.21 Million		 +16.15%
1991-06-30 AU$52.57 Million
≈ $37.20 Million		 +13.80%
1990-06-30 AU$46.20 Million
≈ $32.69 Million		 +18.33%
1989-06-30 AU$39.04 Million
≈ $27.62 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Harvey Norman Holdings 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 40039.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$3.71 Billion 77.28%
Common Stock AU$717.92 Million 14.95%
Other Comprehensive Income AU$373.29 Million 7.77%
Total Equity AU$4.80 Billion 100.00%

Harvey Norman Holdings Ltd Competitors by Market Cap

The table below lists competitors of Harvey Norman Holdings Ltd ranked by their market capitalization.

Company Market Cap
Abercrombie & Fitch Company
NYSE:ANF
 $3.99 Billion
Granite Real Estate Investment Trust
TO:GRT-UN
 $3.99 Billion
CJ Corp
KO:001040
 $4.00 Billion
Adata Technology Co Ltd
TWO:3260
 $4.00 Billion
Jointown Pharmaceutical Group Co Ltd
SHG:600998
 $3.99 Billion
Archer Aviation Inc
NYSE:ACHR
 $3.99 Billion
Avicopter PLC
SHG:600038
 $3.99 Billion
Gubre Fabrikalari TAS
IS:GUBRF
 $3.99 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 4,501,204,000 to 4,802,942,000, a change of 301,738,000 (6.7%).
  • Net income of 518,016,000 contributed positively to equity growth.
  • Dividend payments of 299,042,000 reduced retained earnings.
  • Other comprehensive income increased equity by 82,764,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$518.02 Million +10.79%
Dividends Paid AU$299.04 Million -6.23%
Other Comprehensive Income AU$82.76 Million +1.72%
Total Change AU$- 6.70%

Book Value vs Market Value Analysis

This analysis compares Harvey Norman Holdings 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: 1.18x
  • 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 138.03x to 1.18x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1989-06-30 AU$0.03 AU$4.53 x
1990-06-30 AU$0.03 AU$4.53 x
1991-06-30 AU$0.03 AU$4.53 x
1992-06-30 AU$0.04 AU$4.53 x
1993-06-30 AU$0.04 AU$4.53 x
1994-06-30 AU$0.11 AU$4.53 x
1995-06-30 AU$0.17 AU$4.53 x
1996-06-30 AU$0.21 AU$4.53 x
1997-06-30 AU$0.25 AU$4.53 x
1998-06-30 AU$0.31 AU$4.53 x
1999-06-30 AU$0.37 AU$4.53 x
2000-06-30 AU$0.47 AU$4.53 x
2001-06-30 AU$0.55 AU$4.53 x
2002-06-30 AU$0.73 AU$4.53 x
2003-06-30 AU$0.87 AU$4.53 x
2004-06-30 AU$1.04 AU$4.53 x
2005-06-30 AU$1.14 AU$4.53 x
2006-06-30 AU$1.21 AU$4.53 x
2007-06-30 AU$1.51 AU$4.53 x
2008-06-30 AU$1.69 AU$4.53 x
2009-06-30 AU$1.79 AU$4.53 x
2010-06-30 AU$1.87 AU$4.53 x
2011-06-30 AU$1.95 AU$4.53 x
2012-06-30 AU$1.99 AU$4.53 x
2013-06-30 AU$2.08 AU$4.53 x
2014-06-30 AU$2.20 AU$4.53 x
2015-06-30 AU$2.32 AU$4.53 x
2016-06-30 AU$2.30 AU$4.53 x
2017-06-30 AU$2.41 AU$4.53 x
2018-06-30 AU$2.51 AU$4.53 x
2019-06-30 AU$2.73 AU$4.53 x
2020-06-30 AU$2.81 AU$4.53 x
2021-06-30 AU$3.10 AU$4.53 x
2022-06-30 AU$3.41 AU$4.53 x
2023-06-30 AU$3.55 AU$4.53 x
2024-06-30 AU$3.61 AU$4.53 x
2025-06-30 AU$3.85 AU$4.53 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Harvey Norman Holdings 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): 10.79%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 12.57%
  • • Asset Turnover: 0.49x
  • • Equity Multiplier: 1.74x
  • Recent ROE (10.79%) is above the historical average (10.44%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1989 -0.11% -0.88% 0.06x 2.02x AU$-3.95 Million
1997 13.98% 29.11% 0.24x 2.00x AU$10.24 Million
1998 17.20% 0.00% 0.00x 1.95x AU$24.10 Million
1999 19.79% 0.00% 0.00x 2.06x AU$39.64 Million
2000 -0.19% -0.20% 0.42x 2.29x AU$-51.51 Million
2001 -0.22% -0.35% 0.27x 2.30x AU$-61.42 Million
2002 -0.10% -0.08% 0.61x 2.07x AU$-81.37 Million
2003 -1.10% -0.83% 0.67x 1.99x AU$-107.24 Million
2004 -0.94% -0.67% 0.68x 2.05x AU$-126.70 Million
2005 -1.34% -0.97% 0.65x 2.13x AU$-144.53 Million
2006 16.97% 11.46% 0.66x 2.24x AU$94.25 Million
2007 24.06% 18.70% 0.68x 1.89x AU$237.99 Million
2008 18.87% 15.21% 0.70x 1.77x AU$168.46 Million
2009 10.69% 8.87% 0.66x 1.82x AU$13.75 Million
2010 11.00% 9.77% 0.64x 1.76x AU$21.09 Million
2011 11.50% 9.91% 0.64x 1.83x AU$32.90 Million
2012 7.71% 7.33% 0.60x 1.77x AU$-51.12 Million
2013 6.10% 6.35% 0.55x 1.74x AU$-90.82 Million
2014 8.57% 8.69% 0.58x 1.70x AU$-35.44 Million
2015 10.57% 10.39% 0.60x 1.71x AU$14.39 Million
2016 13.07% 12.34% 0.64x 1.66x AU$81.98 Million
2017 16.09% 15.46% 0.69x 1.50x AU$169.93 Million
2018 12.90% 13.44% 0.61x 1.57x AU$84.28 Million
2019 12.70% 18.01% 0.47x 1.52x AU$85.58 Million
2020 13.94% 20.94% 0.39x 1.69x AU$135.91 Million
2021 21.77% 20.29% 0.62x 1.73x AU$454.93 Million
2022 19.05% 19.59% 0.57x 1.70x AU$385.42 Million
2023 12.18% 13.54% 0.52x 1.73x AU$96.40 Million
2024 7.83% 8.99% 0.49x 1.76x AU$-97.67 Million
2025 10.79% 12.57% 0.49x 1.74x AU$37.72 Million

Industry Comparison

This section compares Harvey Norman Holdings Ltd's net assets metrics with peer companies in the Specialty Retail industry.

Industry Context

  • Industry: Specialty Retail
  • Average net assets among peers: $95,554,222
  • Average return on equity (ROE) among peers: 27.16%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Harvey Norman Holdings Ltd (HVN) AU$4.95 Billion -0.11% 0.77x $3.99 Billion
Adore Beauty Group Ltd (ABY) $37.32 Million 6.37% 0.59x $27.59 Million
Adairs Ltd (ADH) $95.59 Million 28.43% 0.92x $160.61 Million
Bapcor Ltd (BAP) $48.27 Million 21.43% 4.50x $134.49 Million
Baby Bunting Group Ltd (BBN) $81.40 Million 7.42% 0.33x $148.50 Million
Beacon Lighting Group Ltd (BLX) $112.20 Million 33.54% 1.86x $263.70 Million
Cash Converters International (CCV) $227.96 Million 10.74% 1.13x $150.61 Million
Dusk Group Ltd (DSK) $10.40 Million 91.32% 5.49x $34.15 Million
JB Hi-Fi Ltd (JBH) $229.25 Million 41.19% 1.89x $5.89 Billion
Joyce Corporation Ltd (JYC) $17.60 Million 4.00% 3.05x $123.23 Million

About Harvey Norman Holdings Ltd

AU:HVN Australia Specialty Retail
Market Cap
$3.99 Billion
AU$5.64 Billion AUD
Market Cap Rank
#4161 Global
#100 in Australia
Share Price
AU$4.53
Change (1 day)
-1.31%
52-Week Range
AU$4.53 - AU$7.68
All Time High
AU$7.68
Categories
Companies in Australia Specialty Retail
About

Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. The company franchises and sells products in various categories, including electrical goods, furniture, computerized communications, bedding and Manchester, kitchen and small appliances, bathroom and tiles, and carpets and floorings. It operates complexes under the Harvey Norman, D… Read more