IPH Ltd (IPH) - Net Assets

Latest as of June 2025: AU$699.40 Million AUD ≈ $494.87 Million USD

Based on the latest financial reports, IPH Ltd (IPH) has net assets worth AU$699.40 Million AUD (≈ $494.87 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$1.35 Billion ≈ $955.56 Million USD) and total liabilities (AU$651.10 Million ≈ $460.69 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 financial resilience of IPH Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$699.40 Million
% of Total Assets	51.79%
Annual Growth Rate	5.64%
5-Year Change	63.87%
10-Year Change	215.31%
Growth Volatility	143.55

IPH Ltd - Net Assets Trend (2012–2025)

This chart illustrates how IPH Ltd's net assets have evolved over time, based on quarterly financial data. Also explore IPH total asset value for the complete picture of this company's asset base.

Annual Net Assets for IPH Ltd (2012–2025)

The table below shows the annual net assets of IPH Ltd from 2012 to 2025. For live valuation and market cap data, see IPH Ltd (IPH) market capitalisation.

Year	Net Assets	Change
2025-06-30	AU$699.40 Million ≈ $494.87 Million	+10.26%
2024-06-30	AU$634.30 Million ≈ $448.81 Million	+9.91%
2023-06-30	AU$577.13 Million ≈ $408.35 Million	+34.31%
2022-06-30	AU$429.71 Million ≈ $304.05 Million	+0.68%
2021-06-30	AU$426.79 Million ≈ $301.98 Million	+0.98%
2020-06-30	AU$422.66 Million ≈ $299.06 Million	+48.43%
2019-06-30	AU$284.75 Million ≈ $201.48 Million	+6.41%
2018-06-30	AU$267.59 Million ≈ $189.34 Million	+11.64%
2017-06-30	AU$239.69 Million ≈ $169.60 Million	+8.06%
2016-06-30	AU$221.81 Million ≈ $156.95 Million	+530.54%
2015-06-30	AU$35.18 Million ≈ $24.89 Million	-91.01%
2015-03-31	AU$391.44 Million ≈ $276.97 Million	+4993.00%
2014-06-30	AU$-8.00 Million ≈ $-5.66 Million	-102.31%
2014-03-31	AU$345.85 Million ≈ $244.71 Million	+2.01%
2013-06-30	AU$339.04 Million ≈ $239.89 Million	-1.10%
2012-06-30	AU$342.82 Million ≈ $242.56 Million	--

Equity Component Analysis

This analysis shows how different components contribute to IPH 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 118.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$723.70 Million	103.47%
Other Comprehensive Income	AU$31.00 Million	4.43%
Total Equity	AU$699.40 Million	100.00%

IPH Ltd Competitors by Market Cap

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

Company	Market Cap
YIT Oyj HE:YIT	$680.86 Million
China Oil HBP Science & Technology Co Ltd SHE:002554	$681.13 Million
Tilray Inc TO:TLRY	$681.22 Million
WhiteFiber, Inc. Ordinary Shares NASDAQ:WYFI	$681.23 Million
MAS Financial Services Limited NSE:MASFIN	$680.84 Million
Velesto Energy Bhd KLSE:5243	$680.68 Million
President Bakery Public Company Limited BK:PB	$680.27 Million
Beijing ConST Instruments Technology Inc SHE:300445	$680.14 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 634,300,000 to 699,400,000, a change of 65,100,000 (10.3%).
Net income of 68,800,000 contributed positively to equity growth.
Dividend payments of 93,700,000 reduced retained earnings.
Share repurchases of 74,200,000 reduced equity.
New share issuances of 122,100,000 increased equity.
Other comprehensive income increased equity by 11,400,000.
Other factors increased equity by 30,700,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$68.80 Million	+9.84%
Dividends Paid	AU$93.70 Million	-13.4%
Share Repurchases	AU$74.20 Million	-10.61%
Share Issuances	AU$122.10 Million	+17.46%
Other Comprehensive Income	AU$11.40 Million	+1.63%
Other Changes	AU$30.70 Million	+4.39%
Total Change	AU$-	10.26%

Book Value vs Market Value Analysis

This analysis compares IPH 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: 1.41x
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 1.71x to 1.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-06-30	AU$2.15	AU$3.68	x
2014-06-30	AU$-0.05	AU$3.68	x
2015-06-30	AU$0.23	AU$3.68	x
2016-06-30	AU$1.24	AU$3.68	x
2017-06-30	AU$1.25	AU$3.68	x
2018-06-30	AU$1.36	AU$3.68	x
2019-06-30	AU$1.43	AU$3.68	x
2020-06-30	AU$1.99	AU$3.68	x
2021-06-30	AU$1.97	AU$3.68	x
2022-06-30	AU$1.96	AU$3.68	x
2023-06-30	AU$2.54	AU$3.68	x
2024-06-30	AU$2.60	AU$3.68	x
2025-06-30	AU$2.61	AU$3.68	x

Capital Efficiency Dashboard

This dashboard shows how efficiently IPH 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): 9.84%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.74%
• Asset Turnover: 0.52x
• Equity Multiplier: 1.93x
Recent ROE (9.84%) is below the historical average (16.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	5.47%	20.10%	0.12x	2.30x	AU$-15.52 Million
2013	5.99%	27.36%	0.09x	2.35x	AU$-13.60 Million
2014	6.88%	26.75%	0.11x	2.34x	AU$-10.78 Million
2014	0.00%	42.72%	3.04x	0.00x	AU$32.14 Million
2015	15.10%	65.60%	0.10x	2.22x	AU$19.95 Million
2015	86.95%	34.47%	1.22x	2.06x	AU$27.07 Million
2016	17.51%	25.16%	0.52x	1.34x	AU$16.66 Million
2017	17.89%	23.39%	0.64x	1.20x	AU$18.92 Million
2018	15.20%	18.32%	0.60x	1.37x	AU$13.91 Million
2019	18.65%	21.03%	0.61x	1.46x	AU$24.64 Million
2020	12.95%	14.97%	0.51x	1.70x	AU$12.49 Million
2021	12.56%	14.90%	0.53x	1.58x	AU$10.92 Million
2022	12.23%	14.04%	0.54x	1.60x	AU$9.59 Million
2023	11.18%	13.37%	0.40x	2.07x	AU$6.83 Million
2024	9.59%	10.04%	0.46x	2.07x	AU$-2.63 Million
2025	9.84%	9.74%	0.52x	1.93x	AU$-1.14 Million

Industry Comparison

This section compares IPH Ltd's net assets metrics with peer companies in the Specialty Business Services industry.

Industry Context

Industry: Specialty Business Services
Average net assets among peers: $263,590,066
Average return on equity (ROE) among peers: 11.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
IPH Ltd (IPH)	AU$699.40 Million	5.47%	0.93x	$680.85 Million
Boom Logistics Ltd (BOL)	$244.72 Million	-11.23%	1.29x	$51.13 Million
Brambles Ltd (BXB)	$1.59 Billion	0.14%	1.88x	$21.77 Billion
Credit Intelligence Ltd (CI1)	$25.75 Million	-3.27%	0.27x	$6.85 Million
Count Ltd (CUP)	$125.28 Million	7.10%	2.58x	$140.89 Million
Energy Action Ltd (EAX)	$13.25 Million	33.02%	0.44x	$11.40 Million
Kelly Partners Group Holdings Ltd (KPG)	$66.48 Million	5.13%	1.99x	$148.64 Million
Mader Group Ltd (MAD)	$60.67 Million	31.88%	1.02x	$1.13 Billion
RBR Group Ltd (RBR)	$2.71 Million	17.43%	1.20x	$1.71 Million
Smartgroup Corporation Ltd (SIQ)	$243.82 Million	25.40%	0.71x	$886.57 Million

About IPH Ltd

AU:IPH Australia Specialty Business Services

Market Cap

$680.85 Million

AU$962.25 Million AUD

Market Cap Rank

#11000 Global

#276 in Australia

Share Price

AU$3.68

Change (1 day)

-1.34%

52-Week Range

AU$3.19 - AU$5.63

All Time High

AU$9.17