JB Hi-Fi Ltd
JB Hi-Fi Limited retails home consumer products. The company operates through four segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, The Good Guys, and e&s. It provides computers and tablets; IT accessories and PC parts; headphones, speakers, and audio; smart homes; mobile phones; home appliances comprising large and small appliances, and personal care devices; gaming devices; turntables and vi… Read more
JB Hi-Fi Ltd (JBH) - Net Assets
Latest net assets as of June 2025: AU$1.62 Billion AUD
Based on the latest financial reports, JB Hi-Fi Ltd (JBH) has net assets worth AU$1.62 Billion 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$3.88 Billion) and total liabilities (AU$2.26 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$1.62 Billion |
| % of Total Assets | 41.77% |
| Annual Growth Rate | 19.93% |
| 5-Year Change | 23.95% |
| 10-Year Change | 300.74% |
| Growth Volatility | 26.17 |
JB Hi-Fi Ltd - Net Assets Trend (2001–2025)
This chart illustrates how JB Hi-Fi 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 JB Hi-Fi Ltd (2001–2025)
The table below shows the annual net assets of JB Hi-Fi Ltd from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$1.62 Billion | +4.02% |
| 2024-06-30 | AU$1.56 Billion | +9.83% |
| 2023-06-30 | AU$1.42 Billion | +10.88% |
| 2022-06-30 | AU$1.28 Billion | -2.15% |
| 2021-06-30 | AU$1.31 Billion | +18.33% |
| 2020-06-30 | AU$1.11 Billion | +5.90% |
| 2019-06-30 | AU$1.04 Billion | +10.18% |
| 2018-06-30 | AU$947.60 Million | +11.03% |
| 2017-06-30 | AU$853.50 Million | +110.90% |
| 2016-06-30 | AU$404.70 Million | +17.82% |
| 2015-06-30 | AU$343.48 Million | +16.58% |
| 2014-06-30 | AU$294.63 Million | +20.84% |
| 2013-06-30 | AU$243.83 Million | +32.16% |
| 2012-06-30 | AU$184.50 Million | +21.13% |
| 2011-06-30 | AU$152.31 Million | -48.07% |
| 2010-06-30 | AU$293.30 Million | +27.94% |
| 2009-06-30 | AU$229.25 Million | +39.88% |
| 2008-06-30 | AU$163.89 Million | +37.95% |
| 2007-06-30 | AU$118.80 Million | +42.01% |
| 2006-06-30 | AU$83.66 Million | +26.50% |
| 2005-06-30 | AU$66.13 Million | +35.31% |
| 2004-06-30 | AU$48.88 Million | +26.65% |
| 2003-06-30 | AU$38.59 Million | +29.20% |
| 2002-06-30 | AU$29.87 Million | +44.25% |
| 2001-06-30 | AU$20.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JB Hi-Fi 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 72734.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.31 Billion | 81.05% |
| Common Stock | AU$291.40 Million | 18.03% |
| Other Comprehensive Income | AU$14.90 Million | 0.92% |
| Total Equity | AU$1.62 Billion | 100.00% |
JB Hi-Fi Ltd Competitors by Market Cap
The table below lists competitors of JB Hi-Fi Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rumo S.A
OTCGREY:RUMOF
|
$5.14 Billion |
|
Piper Sandler Companies
NYSE:PIPR
|
$5.14 Billion |
|
M&G Plc
PINK:MGPUF
|
$5.15 Billion |
|
Central Bancompany Inc
PINK:CBCY
|
$5.15 Billion |
|
Scientific Games Corporation
F:TJW
|
$5.14 Billion |
|
Delivery Hero SE
PINK:DLVHF
|
$5.14 Billion |
|
Guanghui Energy Co Ltd
SHG:600256
|
$5.13 Billion |
|
One Gas Inc
NYSE:OGS
|
$5.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JB Hi-Fi Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,559,100,000 to 1,616,600,000, a change of 57,500,000 (3.7%).
- Net income of 462,400,000 contributed positively to equity growth.
- Dividend payments of 385,900,000 reduced retained earnings.
- Share repurchases of 20,900,000 reduced equity.
- Other comprehensive income decreased equity by 13,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$462.40 Million | +28.6% |
| Dividends Paid | AU$385.90 Million | -23.87% |
| Share Repurchases | AU$20.90 Million | -1.29% |
| Other Comprehensive Income | AU$-13.60 Million | -0.84% |
| Other Changes | AU$15.50 Million | +0.96% |
| Total Change | AU$- | 3.69% |
Book Value vs Market Value Analysis
This analysis compares JB Hi-Fi 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: 5.20x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 205.09x to 5.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$0.37 | AU$76.57 | x |
| 2004-06-30 | AU$0.57 | AU$76.57 | x |
| 2005-06-30 | AU$0.60 | AU$76.57 | x |
| 2006-06-30 | AU$0.74 | AU$76.57 | x |
| 2007-06-30 | AU$1.05 | AU$76.57 | x |
| 2008-06-30 | AU$1.51 | AU$76.57 | x |
| 2009-06-30 | AU$2.10 | AU$76.57 | x |
| 2010-06-30 | AU$2.65 | AU$76.57 | x |
| 2011-06-30 | AU$1.39 | AU$76.57 | x |
| 2012-06-30 | AU$1.84 | AU$76.57 | x |
| 2013-06-30 | AU$2.42 | AU$76.57 | x |
| 2014-06-30 | AU$2.91 | AU$76.57 | x |
| 2015-06-30 | AU$3.43 | AU$76.57 | x |
| 2016-06-30 | AU$4.00 | AU$76.57 | x |
| 2017-06-30 | AU$7.57 | AU$76.57 | x |
| 2018-06-30 | AU$8.18 | AU$76.57 | x |
| 2019-06-30 | AU$8.99 | AU$76.57 | x |
| 2020-06-30 | AU$9.53 | AU$76.57 | x |
| 2021-06-30 | AU$11.32 | AU$76.57 | x |
| 2022-06-30 | AU$11.21 | AU$76.57 | x |
| 2023-06-30 | AU$12.93 | AU$76.57 | x |
| 2024-06-30 | AU$14.20 | AU$76.57 | x |
| 2025-06-30 | AU$14.73 | AU$76.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JB Hi-Fi Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.38%
- • Asset Turnover: 2.72x
- • Equity Multiplier: 2.40x
- Recent ROE (28.60%) is below the historical average (33.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 8.69% | 1.25% | 1.71x | 4.04x | AU$-271.60K |
| 2002 | 20.66% | 2.48% | 2.36x | 3.52x | AU$3.18 Million |
| 2003 | 22.27% | 2.41% | 2.70x | 3.42x | AU$4.73 Million |
| 2004 | 28.25% | 3.05% | 2.66x | 3.48x | AU$8.92 Million |
| 2005 | -1.86% | -0.17% | 2.98x | 3.73x | AU$-7.40 Million |
| 2006 | 32.69% | 2.73% | 2.89x | 4.14x | AU$17.92 Million |
| 2007 | 35.71% | 3.15% | 2.82x | 4.01x | AU$29.08 Million |
| 2008 | 39.71% | 3.56% | 3.41x | 3.27x | AU$48.70 Million |
| 2009 | 41.19% | 4.06% | 3.52x | 2.89x | AU$71.51 Million |
| 2010 | 40.45% | 4.34% | 3.82x | 2.44x | AU$89.32 Million |
| 2011 | 72.02% | 3.71% | 3.86x | 5.04x | AU$94.46 Million |
| 2012 | 56.72% | 3.35% | 3.86x | 4.40x | AU$86.19 Million |
| 2013 | 47.83% | 3.52% | 3.92x | 3.47x | AU$92.05 Million |
| 2014 | 43.57% | 3.68% | 4.05x | 2.92x | AU$98.90 Million |
| 2015 | 39.74% | 3.74% | 4.08x | 2.61x | AU$102.16 Million |
| 2016 | 37.60% | 3.85% | 3.99x | 2.45x | AU$111.71 Million |
| 2017 | 20.20% | 3.06% | 2.29x | 2.88x | AU$87.05 Million |
| 2018 | 24.61% | 3.40% | 2.75x | 2.63x | AU$138.44 Million |
| 2019 | 23.92% | 3.52% | 2.76x | 2.46x | AU$145.39 Million |
| 2020 | 27.34% | 3.82% | 2.51x | 2.85x | AU$191.73 Million |
| 2021 | 38.68% | 5.68% | 2.83x | 2.40x | AU$375.26 Million |
| 2022 | 42.56% | 5.90% | 2.92x | 2.47x | AU$416.87 Million |
| 2023 | 36.95% | 5.45% | 2.75x | 2.46x | AU$382.64 Million |
| 2024 | 28.14% | 4.57% | 2.75x | 2.24x | AU$282.89 Million |
| 2025 | 28.60% | 4.38% | 2.72x | 2.40x | AU$300.74 Million |
Industry Comparison
This section compares JB Hi-Fi Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $147,470,578
- Average return on equity (ROE) among peers: 51.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JB Hi-Fi Ltd (JBH) | AU$1.62 Billion | 8.69% | 1.39x | $5.14 Billion |
| Adore Beauty Group Ltd (ABY) | $15.36 Million | -8.00% | 1.58x | $16.96 Million |
| Adairs Ltd (ADH) | $140.57 Million | 25.10% | 1.77x | $157.74 Million |
| Bapcor Ltd (BAP) | $722.19 Million | 13.43% | 0.87x | $107.46 Million |
| Baby Bunting Group Ltd (BBN) | $92.72 Million | 8.99% | 0.32x | $116.98 Million |
| Beacon Lighting Group Ltd (BLX) | $38.20 Million | 30.88% | 1.01x | $106.16 Million |
| Cash Converters International (CCV) | $261.70 Million | -8.21% | 0.69x | $64.44 Million |
| Dusk Group Ltd (DSK) | $37.50 Million | 11.38% | 1.34x | $25.59 Million |
| Joyce Corporation Ltd (JYC) | $17.60 Million | 4.00% | 3.05x | $40.49 Million |
| Lovisa Holdings Ltd (LOV) | $1.39 Million | 386.86% | 14.64x | $822.49 Million |