Incitec Pivot Ltd

AU:IPL Australia Specialty Chemicals
Market Cap
$3.05 Billion
AU$4.92 Billion AUD
Market Cap Rank
#4095 Global
#35 in Australia
Share Price
AU$2.64
Change (1 day)
+0.00%
52-Week Range
AU$2.17 - AU$2.74
All Time High
AU$3.37
Categories
Companies in Australia Specialty Chemicals
About

Dyno Nobel Limited, together with its subsidiaries, manufactures and distributes commercial explosives in in the United States, Australia, and Mexico. It offers packaged explosives, including Powermite, a cartridge explosive; and Dynosplit for pre-split applications, as well as ammonium nitrates. The company sells industrial explosives and related products and services to metal/mineral mining; qu… Read more

Incitec Pivot Ltd (IPL) - Net Assets

Latest net assets as of September 2024: AU$4.84 Billion AUD

Based on the latest financial reports, Incitec Pivot Ltd (IPL) has net assets worth AU$4.84 Billion AUD as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$8.40 Billion) and total liabilities (AU$3.55 Billion). 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$4.84 Billion
% of Total Assets 57.69%
Annual Growth Rate 15.62%
5-Year Change -6.89%
10-Year Change 3.34%
Growth Volatility 110.88

Incitec Pivot Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Incitec Pivot 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 Incitec Pivot Ltd (2000–2024)

The table below shows the annual net assets of Incitec Pivot Ltd from 2000 to 2024.

Year Net Assets Change
2024-09-30 AU$4.84 Billion -24.61%
2023-09-30 AU$6.43 Billion +2.18%
2022-09-30 AU$6.29 Billion +17.16%
2021-09-30 AU$5.37 Billion +3.18%
2020-09-30 AU$5.20 Billion +11.00%
2019-09-30 AU$4.69 Billion -1.19%
2018-09-30 AU$4.74 Billion -0.31%
2017-09-30 AU$4.76 Billion +3.99%
2016-09-30 AU$4.58 Billion -2.39%
2015-09-30 AU$4.69 Billion +6.38%
2014-09-30 AU$4.41 Billion +4.44%
2013-09-30 AU$4.22 Billion +4.67%
2012-09-30 AU$4.03 Billion +8.76%
2011-09-30 AU$3.71 Billion +2.64%
2010-09-30 AU$3.61 Billion +6.81%
2009-09-30 AU$3.38 Billion +7.16%
2008-09-30 AU$3.16 Billion +489.78%
2007-09-30 AU$535.00 Million +40.79%
2006-09-30 AU$380.00 Million -32.76%
2005-09-30 AU$565.16 Million -10.51%
2004-09-30 AU$631.52 Million +10.14%
2003-09-30 AU$573.38 Million +281.78%
2002-09-30 AU$150.19 Million +14.46%
2001-09-30 AU$131.22 Million -11.85%
2000-09-30 AU$148.85 Million --

Equity Component Analysis

This analysis shows how different components contribute to Incitec Pivot 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 5803.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2024)

Component Amount Percentage
Retained Earnings AU$1.79 Billion 36.90%
Common Stock AU$3.35 Billion 69.23%
Other Comprehensive Income AU$-297.10 Million -6.13%
Total Equity AU$4.85 Billion 100.00%

Incitec Pivot Ltd Competitors by Market Cap

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

Company Market Cap
GoTo Gojek Tokopedia PT
JK:GOTO
 		$2.81 Billion
Banca Mediolanum SpA
OTCGREY:BNMDF
 		$2.82 Billion
New York Community Bancorp Inc
NYSE:NYCB
 		$2.82 Billion
Whirlpool Corporation
NYSE:WHR
 		$2.82 Billion
Dyne Therapeutics Inc
NASDAQ:DYN
 		$2.81 Billion
Zhejiang Wanfeng Auto Wheel Co Ltd
SHE:002085
 		$2.81 Billion
Royal Vopak N.V
F:VPK5
 		$2.81 Billion
LEGEND BIOTECH SP.ADS/2
F:9LB
 		$2.81 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 6,426,800,000 to 4,845,900,000, a change of -1,580,900,000 (-24.6%).
  • Net loss of 310,900,000 reduced equity.
  • Dividend payments of 378,200,000 reduced retained earnings.
  • Share repurchases of 443,100,000 reduced equity.
  • Other comprehensive income decreased equity by 441,800,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$-310.90 Million -6.42%
Dividends Paid AU$378.20 Million -7.8%
Share Repurchases AU$443.10 Million -9.14%
Other Comprehensive Income AU$-441.80 Million -9.12%
Other Changes AU$-6.90 Million -0.14%
Total Change AU$- -24.60%

Book Value vs Market Value Analysis

This analysis compares Incitec Pivot 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: 1.05x
  • 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 7.50x to 1.05x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2003-09-30 AU$0.35 AU$2.64 x
2004-09-30 AU$0.39 AU$2.64 x
2005-09-30 AU$0.35 AU$2.64 x
2006-09-30 AU$0.23 AU$2.64 x
2007-09-30 AU$0.33 AU$2.64 x
2008-09-30 AU$1.94 AU$2.64 x
2009-09-30 AU$2.08 AU$2.64 x
2010-09-30 AU$2.22 AU$2.64 x
2011-09-30 AU$2.27 AU$2.64 x
2012-09-30 AU$2.47 AU$2.64 x
2013-09-30 AU$2.59 AU$2.64 x
2014-09-30 AU$2.67 AU$2.64 x
2015-09-30 AU$2.79 AU$2.64 x
2016-09-30 AU$2.70 AU$2.64 x
2017-09-30 AU$2.81 AU$2.64 x
2018-09-30 AU$2.84 AU$2.64 x
2019-09-30 AU$2.88 AU$2.64 x
2020-09-30 AU$2.99 AU$2.64 x
2021-09-30 AU$2.76 AU$2.64 x
2022-09-30 AU$3.23 AU$2.64 x
2023-09-30 AU$3.30 AU$2.64 x
2024-09-30 AU$2.50 AU$2.64 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Incitec Pivot 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): -6.42%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.89%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 1.73x
  • Recent ROE (-6.42%) is below the historical average (7.91%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 -3.25% -2.71% 0.79x 1.51x AU$-75.96 Million
2004 11.88% 6.61% 1.17x 1.54x AU$11.89 Million
2005 0.74% 0.39% 1.25x 1.52x AU$-52.36 Million
2006 12.28% 4.20% 0.85x 3.43x AU$8.66 Million
2007 38.37% 14.92% 0.84x 3.06x AU$151.80 Million
2008 19.16% 20.69% 0.36x 2.59x AU$289.07 Million
2009 -5.32% -5.26% 0.52x 1.96x AU$-518.01 Million
2010 11.37% 14.00% 0.46x 1.75x AU$49.58 Million
2011 12.51% 11.85% 0.56x 1.89x AU$93.03 Million
2012 12.68% 14.58% 0.50x 1.74x AU$107.79 Million
2013 8.82% 10.84% 0.45x 1.82x AU$-49.69 Million
2014 5.61% 7.32% 0.42x 1.81x AU$-193.33 Million
2015 8.51% 10.83% 0.40x 1.96x AU$-69.92 Million
2016 2.80% 3.79% 0.39x 1.90x AU$-329.10 Million
2017 6.71% 9.11% 0.40x 1.86x AU$-156.61 Million
2018 4.39% 5.34% 0.43x 1.89x AU$-265.87 Million
2019 3.25% 3.85% 0.42x 2.00x AU$-316.38 Million
2020 2.37% 3.13% 0.42x 1.79x AU$-396.93 Million
2021 2.78% 3.43% 0.46x 1.75x AU$-387.76 Million
2022 16.12% 18.36% 0.51x 1.73x AU$384.74 Million
2023 8.71% 10.29% 0.52x 1.64x AU$-82.68 Million
2024 -6.42% -5.89% 0.63x 1.73x AU$-795.49 Million

Industry Comparison

This section compares Incitec Pivot Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $865,566,555
  • Average return on equity (ROE) among peers: -243.54%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Incitec Pivot Ltd (IPL) AU$4.84 Billion -3.25% 0.73x $2.81 Billion
Anteotech Ltd (ADO) $7.10 Million -148.19% 5.45x $15.42 Million
Alexium International Group Ltd (AJX) $-83.91 Million 0.00% 0.00x $2.63 Million
Altech Batteries Ltd (ATC) $17.61 Million -21.53% 0.41x $18.48 Million
Carbonxt Group Ltd (CG1) $10.73 Million -75.63% 2.06x $13.38 Million
DGL Group Ltd (DGL) $368.63 Million -7.22% 0.76x $30.97 Million
Dyno Nobel Ltd (DNL) $6.29 Billion 16.12% 0.73x $3.05 Billion
Foresta Group Holdings Ltd (FGH) $81.05K -1885.71% 6.68x $13.28 Million
Noble Helium Ltd (NHE) $449.32K -68.14% 0.05x $7.84 Million
Orica Ltd (ORI) $1.18 Billion -1.58% 1.51x $5.59 Billion