Kina Securities Ltd
Kina Securities Limited, together with its subsidiaries, provides commercial banking and financial, fund administration, investment management, and share brokerage services in Papua New Guinea. The company operates through two segments, Banking & Finance and Wealth Management. It's deposit products include consumer and business transactions, savings, term deposits, and other money market accounts… Read more
Kina Securities Ltd (KSL) - Net Assets
Latest net assets as of June 2025: AU$680.33 Million AUD
Based on the latest financial reports, Kina Securities Ltd (KSL) has net assets worth AU$680.33 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$5.42 Billion) and total liabilities (AU$4.74 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$680.33 Million |
| % of Total Assets | 12.55% |
| Annual Growth Rate | 2.77% |
| 5-Year Change | 15.83% |
| 10-Year Change | 24.94% |
| Growth Volatility | 28.79 |
Kina Securities Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Kina Securities 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 Kina Securities Ltd (2014–2024)
The table below shows the annual net assets of Kina Securities Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$668.37 Million | +4.38% |
| 2023-12-31 | AU$640.32 Million | +4.74% |
| 2022-12-31 | AU$611.33 Million | +6.02% |
| 2021-12-31 | AU$576.62 Million | -0.07% |
| 2020-12-31 | AU$577.03 Million | +76.31% |
| 2019-12-31 | AU$327.28 Million | -51.38% |
| 2018-12-31 | AU$673.12 Million | +6.94% |
| 2017-12-31 | AU$629.46 Million | +6.86% |
| 2016-12-31 | AU$589.07 Million | +10.12% |
| 2015-12-31 | AU$534.94 Million | +5.24% |
| 2014-12-31 | AU$508.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kina Securities 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 36.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$269.24 Million | 40.28% |
| Common Stock | AU$397.25 Million | 59.44% |
| Other Comprehensive Income | AU$1.88 Million | 0.28% |
| Total Equity | AU$668.37 Million | 100.00% |
Kina Securities Ltd Competitors by Market Cap
The table below lists competitors of Kina Securities Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CCP Contact Probe Co Ltd
TWO:6217
|
$180.23 Million |
|
Mishra Dhatu Nigam Limited
NSE:MIDHANI
|
$180.30 Million |
|
Fujian Tendering Co. Ltd.
SHE:301136
|
$180.34 Million |
|
TSH Resources Bhd
KLSE:9059
|
$180.35 Million |
|
Guangdong Dcenti Auto-Parts Stock Ltd Co
SHG:603335
|
$180.17 Million |
|
Carlton Investments Ltd
AU:CIN
|
$180.09 Million |
|
Taiwan Tea Corp
TW:2913
|
$180.09 Million |
|
Strickland Metals Ltd
AU:STK
|
$180.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kina Securities Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 640,323,000 to 668,368,000, a change of 28,045,000 (4.4%).
- Net income of 102,468,000 contributed positively to equity growth.
- Dividend payments of 76,088,000 reduced retained earnings.
- Share repurchases of 2,561,000 reduced equity.
- New share issuances of 2,561,000 increased equity.
- Other comprehensive income decreased equity by 898,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$102.47 Million | +15.33% |
| Dividends Paid | AU$76.09 Million | -11.38% |
| Share Repurchases | AU$2.56 Million | -0.38% |
| Share Issuances | AU$2.56 Million | +0.38% |
| Other Comprehensive Income | AU$-898.00K | -0.13% |
| Other Changes | AU$2.56 Million | +0.38% |
| Total Change | AU$- | 4.38% |
Book Value vs Market Value Analysis
This analysis compares Kina Securities 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: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.68x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | AU$1.75 | AU$1.19 | x |
| 2015-12-31 | AU$1.85 | AU$1.19 | x |
| 2016-12-31 | AU$2.03 | AU$1.19 | x |
| 2017-12-31 | AU$2.17 | AU$1.19 | x |
| 2018-12-31 | AU$2.32 | AU$1.19 | x |
| 2019-12-31 | AU$1.13 | AU$1.19 | x |
| 2020-12-31 | AU$2.00 | AU$1.19 | x |
| 2021-12-31 | AU$1.99 | AU$1.19 | x |
| 2022-12-31 | AU$2.11 | AU$1.19 | x |
| 2023-12-31 | AU$2.21 | AU$1.19 | x |
| 2024-12-31 | AU$2.31 | AU$1.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kina Securities Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.77%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 7.81x
- Recent ROE (15.33%) is above the historical average (13.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.76% | 46.91% | 0.03x | 2.02x | AU$-36.80 Million |
| 2015 | 3.12% | 11.33% | 0.07x | 4.05x | AU$-36.78 Million |
| 2016 | 15.89% | 35.70% | 0.09x | 4.91x | AU$34.70 Million |
| 2017 | 8.96% | 20.82% | 0.08x | 5.12x | AU$-6.52 Million |
| 2018 | 17.86% | 30.33% | 0.10x | 6.17x | AU$52.91 Million |
| 2019 | 18.75% | 12.62% | 0.16x | 9.16x | AU$28.65 Million |
| 2020 | 13.17% | 25.95% | 0.09x | 5.72x | AU$18.27 Million |
| 2021 | 12.28% | 19.48% | 0.10x | 6.57x | AU$13.15 Million |
| 2022 | 19.05% | 32.19% | 0.08x | 7.66x | AU$55.35 Million |
| 2023 | 16.39% | 26.10% | 0.08x | 8.09x | AU$40.93 Million |
| 2024 | 15.33% | 21.77% | 0.09x | 7.81x | AU$35.63 Million |
Industry Comparison
This section compares Kina Securities Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $2,713,464
- Average return on equity (ROE) among peers: 0.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kina Securities Ltd (KSL) | AU$680.33 Million | 2.76% | 6.97x | $180.23 Million |
| Investsmart Group Ltd (INV) | $6.55 Million | 0.55% | 0.99x | $3.10 Million |
| Sequoia Financial Group Ltd (SEQ) | $-1.12 Million | 0.00% | 0.00x | $12.44 Million |