Kina Securities Ltd (KSL) - Net Assets

Latest as of June 2025: AU$680.33 Million AUD ≈ $481.38 Million USD

Based on the latest financial reports, Kina Securities Ltd (KSL) has net assets worth AU$680.33 Million AUD (≈ $481.38 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$5.42 Billion ≈ $3.84 Billion USD) and total liabilities (AU$4.74 Billion ≈ $3.35 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. Check financial resilience of Kina Securities Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore KSL total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Kina Securities Ltd.

Year	Net Assets	Change
2024-12-31	AU$668.37 Million ≈ $472.91 Million	+4.38%
2023-12-31	AU$640.32 Million ≈ $453.07 Million	+4.74%
2022-12-31	AU$611.33 Million ≈ $432.55 Million	+6.02%
2021-12-31	AU$576.62 Million ≈ $408.00 Million	-0.07%
2020-12-31	AU$577.03 Million ≈ $408.29 Million	+76.31%
2019-12-31	AU$327.28 Million ≈ $231.57 Million	-51.38%
2018-12-31	AU$673.12 Million ≈ $476.28 Million	+6.94%
2017-12-31	AU$629.46 Million ≈ $445.39 Million	+6.86%
2016-12-31	AU$589.07 Million ≈ $416.81 Million	+10.12%
2015-12-31	AU$534.94 Million ≈ $378.50 Million	+5.24%
2014-12-31	AU$508.31 Million ≈ $359.66 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
Kleannara Co Ltd KO:004545	$267.51 Million
Taiwan Kong King Co Ltd TWO:3093	$267.53 Million
North-Star International Co Ltd TWO:8927	$267.54 Million
AMC Networks Inc NASDAQ:AMCX	$267.64 Million
Topco Technologies TWO:3388	$267.17 Million
Qinghaihuading Industrial Co Ltd SHG:600243	$267.15 Million
Metropolis Healthcare Limited NSE:METROPOLIS	$267.10 Million
ANTENGENE CORP. DL-0001 F:722	$267.00 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: 0.56x
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 0.74x to 0.56x 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$1.29	x
2015-12-31	AU$1.85	AU$1.29	x
2016-12-31	AU$2.03	AU$1.29	x
2017-12-31	AU$2.17	AU$1.29	x
2018-12-31	AU$2.32	AU$1.29	x
2019-12-31	AU$1.13	AU$1.29	x
2020-12-31	AU$2.00	AU$1.29	x
2021-12-31	AU$1.99	AU$1.29	x
2022-12-31	AU$2.11	AU$1.29	x
2023-12-31	AU$2.21	AU$1.29	x
2024-12-31	AU$2.31	AU$1.29	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: $1,296,837,813
Average return on equity (ROE) among peers: -34.14%

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	$267.41 Million
AMP Ltd (AMP)	$3.87 Billion	6.84%	7.74x	$2.62 Billion
Investsmart Group Ltd (INV)	$6.32 Million	-21.13%	0.84x	$8.35 Million
Sequoia Financial Group Ltd (SEQ)	$10.19 Million	-88.13%	0.28x	$17.35 Million

About Kina Securities Ltd

AU:KSL Australia Financial Conglomerates

Market Cap

$267.41 Million

AU$377.93 Million AUD

Market Cap Rank

#15434 Global

#423 in Australia

Share Price

AU$1.29

Change (1 day)

+1.18%

52-Week Range

AU$1.09 - AU$1.39

All Time High

AU$1.39