London City Equities Ltd
London City Equities Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia. London City Equities Limited was founded in 1986 and is based in Sydney, Australia.
London City Equities Ltd (LCE) - Net Assets
Latest net assets as of December 2025: AU$27.87 Million AUD
Based on the latest financial reports, London City Equities Ltd (LCE) has net assets worth AU$27.87 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$30.87 Million) and total liabilities (AU$2.99 Million). 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$27.87 Million |
| % of Total Assets | 90.31% |
| Annual Growth Rate | 4.45% |
| 5-Year Change | 51.62% |
| 10-Year Change | 297.26% |
| Growth Volatility | 141.6 |
London City Equities Ltd - Net Assets Trend (1989–2025)
This chart illustrates how London City Equities 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 London City Equities Ltd (1989–2025)
The table below shows the annual net assets of London City Equities Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$24.62 Million | +14.83% |
| 2024-06-30 | AU$21.44 Million | +22.75% |
| 2023-06-30 | AU$17.46 Million | -8.67% |
| 2022-06-30 | AU$19.12 Million | +17.77% |
| 2021-06-30 | AU$16.24 Million | +58.01% |
| 2020-06-30 | AU$10.28 Million | -4.87% |
| 2019-06-30 | AU$10.80 Million | +6.47% |
| 2018-06-30 | AU$10.14 Million | +11.34% |
| 2017-06-30 | AU$9.11 Million | +47.05% |
| 2016-06-30 | AU$6.20 Million | +39.22% |
| 2015-06-30 | AU$4.45 Million | -10.02% |
| 2014-06-30 | AU$4.95 Million | +15.07% |
| 2013-06-30 | AU$4.30 Million | -22.51% |
| 2012-06-30 | AU$5.55 Million | -29.53% |
| 2011-06-30 | AU$7.87 Million | -9.46% |
| 2010-06-30 | AU$8.69 Million | -26.55% |
| 2009-06-30 | AU$11.84 Million | -11.20% |
| 2008-06-30 | AU$13.33 Million | +3.47% |
| 2007-06-30 | AU$12.88 Million | +73.74% |
| 2006-06-30 | AU$7.42 Million | +78.29% |
| 2005-06-30 | AU$4.16 Million | -7.39% |
| 2004-06-30 | AU$4.49 Million | +58.62% |
| 2003-06-30 | AU$2.83 Million | +0.07% |
| 2002-06-30 | AU$2.83 Million | +1.28% |
| 2001-06-30 | AU$2.79 Million | +69.79% |
| 2000-06-30 | AU$1.65 Million | +128.10% |
| 1999-06-30 | AU$-5.86 Million | +4.41% |
| 1998-06-30 | AU$-6.13 Million | +12.79% |
| 1997-06-30 | AU$-7.02 Million | -793.82% |
| 1996-06-30 | AU$1.01 Million | -78.22% |
| 1995-06-30 | AU$4.65 Million | +35.59% |
| 1994-06-30 | AU$3.43 Million | -7.70% |
| 1993-06-30 | AU$3.71 Million | -14.19% |
| 1992-06-30 | AU$4.33 Million | -6.70% |
| 1991-06-30 | AU$4.64 Million | -7.29% |
| 1990-06-30 | AU$5.00 Million | -2.57% |
| 1989-06-30 | AU$5.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to London City Equities 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 4611.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$16.54 Million | 67.18% |
| Common Stock | AU$8.08 Million | 32.82% |
| Other Comprehensive Income | AU$10.25 Million | 41.64% |
| Total Equity | AU$24.62 Million | 100.00% |
London City Equities Ltd Competitors by Market Cap
The table below lists competitors of London City Equities Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
McChip Resources Inc
PINK:MCCHF
|
$973.78K |
|
PENTAL LTD
F:81B
|
$974.12K |
|
Black Widow Resources Inc
V:BWR
|
$974.69K |
|
Mlabs Systems Bhd
KLSE:0085
|
$974.77K |
|
PRYSMIAN (AEU.SG)
STU:AEU
|
$970.90K |
|
Ozop Surgical Corp
PINK:OZSC
|
$970.79K |
|
PT Kusuma Kemindo Sentosa Tbk
JK:KKES
|
$970.56K |
|
PT Griptha Putra Persada Tbk
JK:GRPH
|
$970.16K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in London City Equities Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 21,437,296 to 24,616,318, a change of 3,179,022 (14.8%).
- Net income of 499,911 contributed positively to equity growth.
- Dividend payments of 469,565 reduced retained earnings.
- Other comprehensive income increased equity by 3,148,675.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$499.91K | +2.03% |
| Dividends Paid | AU$469.56K | -1.91% |
| Other Comprehensive Income | AU$3.15 Million | +12.79% |
| Other Changes | AU$1.00 | +0.0% |
| Total Change | AU$- | 14.83% |
Book Value vs Market Value Analysis
This analysis compares London City Equities 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: 1.08x
- 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 3.75x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.23 | AU$0.85 | x |
| 1990-06-30 | AU$0.23 | AU$0.85 | x |
| 1991-06-30 | AU$0.22 | AU$0.85 | x |
| 1992-06-30 | AU$0.20 | AU$0.85 | x |
| 1993-06-30 | AU$0.17 | AU$0.85 | x |
| 1994-06-30 | AU$0.16 | AU$0.85 | x |
| 1995-06-30 | AU$0.22 | AU$0.85 | x |
| 1996-06-30 | AU$0.05 | AU$0.85 | x |
| 1997-06-30 | AU$-0.34 | AU$0.85 | x |
| 1998-06-30 | AU$-0.29 | AU$0.85 | x |
| 1999-06-30 | AU$-0.29 | AU$0.85 | x |
| 2000-06-30 | AU$0.13 | AU$0.85 | x |
| 2001-06-30 | AU$0.21 | AU$0.85 | x |
| 2002-06-30 | AU$0.19 | AU$0.85 | x |
| 2003-06-30 | AU$0.19 | AU$0.85 | x |
| 2004-06-30 | AU$0.28 | AU$0.85 | x |
| 2005-06-30 | AU$0.22 | AU$0.85 | x |
| 2006-06-30 | AU$0.37 | AU$0.85 | x |
| 2007-06-30 | AU$0.61 | AU$0.85 | x |
| 2008-06-30 | AU$0.61 | AU$0.85 | x |
| 2009-06-30 | AU$0.53 | AU$0.85 | x |
| 2010-06-30 | AU$0.39 | AU$0.85 | x |
| 2011-06-30 | AU$0.38 | AU$0.85 | x |
| 2012-06-30 | AU$0.25 | AU$0.85 | x |
| 2013-06-30 | AU$0.20 | AU$0.85 | x |
| 2014-06-30 | AU$0.23 | AU$0.85 | x |
| 2015-06-30 | AU$0.20 | AU$0.85 | x |
| 2016-06-30 | AU$0.28 | AU$0.85 | x |
| 2017-06-30 | AU$0.40 | AU$0.85 | x |
| 2018-06-30 | AU$0.44 | AU$0.85 | x |
| 2019-06-30 | AU$0.47 | AU$0.85 | x |
| 2020-06-30 | AU$0.45 | AU$0.85 | x |
| 2021-06-30 | AU$0.54 | AU$0.85 | x |
| 2022-06-30 | AU$0.63 | AU$0.85 | x |
| 2023-06-30 | AU$0.56 | AU$0.85 | x |
| 2024-06-30 | AU$0.69 | AU$0.85 | x |
| 2025-06-30 | AU$0.79 | AU$0.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently London City Equities Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.56%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.10x
- Recent ROE (2.03%) is above the historical average (-11.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 6.78% | 0.00% | -0.04x | 1.65x | AU$-165.60K |
| 1990 | 0.36% | 0.00% | -0.06x | 1.74x | AU$-482.40K |
| 1991 | -7.87% | 0.00% | -0.06x | 1.36x | AU$-828.90K |
| 1992 | -7.19% | 0.00% | -0.03x | 1.05x | AU$-743.80K |
| 1993 | -16.53% | 0.00% | -0.01x | 1.07x | AU$-985.40K |
| 1994 | -8.34% | 0.00% | -0.01x | 1.16x | AU$-628.80K |
| 1995 | 7.04% | 0.00% | -0.03x | 5.23x | AU$-137.80K |
| 1996 | -533.01% | 0.00% | -0.05x | 19.30x | AU$-5.50 Million |
| 1997 | 0.00% | 0.00% | -2.16x | 0.00x | AU$-1.05 Million |
| 1998 | 0.00% | 0.00% | 0.00x | 0.00x | AU$1.51 Million |
| 1999 | 0.00% | 7965.61% | 0.00x | 0.00x | AU$855.65K |
| 2000 | 12.54% | 88.17% | 0.14x | 1.05x | AU$41.81K |
| 2001 | 1.54% | 26.08% | 0.06x | 1.03x | AU$-236.37K |
| 2002 | 1.26% | 38.75% | 0.03x | 1.04x | AU$-247.24K |
| 2003 | 0.07% | 1.77% | 0.04x | 1.02x | AU$-280.98K |
| 2004 | 23.87% | 387.00% | 0.06x | 1.01x | AU$622.94K |
| 2005 | 1.15% | 22.33% | 0.05x | 1.03x | AU$-367.90K |
| 2006 | 9.94% | 751.47% | 0.01x | 1.18x | AU$-4.70K |
| 2007 | 58.10% | 81.01% | 0.68x | 1.06x | AU$6.20 Million |
| 2008 | 4.85% | 72.68% | 0.07x | 1.01x | AU$-686.80K |
| 2009 | 2.01% | 41.69% | 0.05x | 1.00x | AU$-946.14K |
| 2010 | -1.27% | -45.43% | 0.03x | 1.01x | AU$-980.08K |
| 2011 | -0.08% | -2.20% | 0.04x | 1.01x | AU$-793.33K |
| 2012 | 0.54% | 11.39% | 0.05x | 1.01x | AU$-524.66K |
| 2013 | 8.91% | 45.79% | 0.19x | 1.03x | AU$-47.04K |
| 2014 | 8.47% | 23.36% | 0.35x | 1.05x | AU$-75.81K |
| 2015 | 1.32% | 9.78% | 0.13x | 1.03x | AU$-386.11K |
| 2016 | 0.67% | 6.99% | 0.09x | 1.10x | AU$-577.95K |
| 2017 | 0.39% | 10.94% | 0.03x | 1.18x | AU$-875.94K |
| 2018 | 0.23% | 4.03% | 0.05x | 1.20x | AU$-990.74K |
| 2019 | -0.09% | -2.15% | 0.03x | 1.25x | AU$-1.09 Million |
| 2020 | 0.47% | 9.88% | 0.04x | 1.30x | AU$-979.48K |
| 2021 | -0.18% | -5.22% | 0.03x | 1.21x | AU$-1.65 Million |
| 2022 | 9.48% | 75.08% | 0.11x | 1.20x | AU$-100.14K |
| 2023 | 0.97% | 13.33% | 0.06x | 1.18x | AU$-1.58 Million |
| 2024 | -0.03% | -0.52% | 0.05x | 1.24x | AU$-2.15 Million |
| 2025 | 2.03% | 27.56% | 0.07x | 1.10x | AU$-1.96 Million |
Industry Comparison
This section compares London City Equities Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $589,126,514
- Average return on equity (ROE) among peers: -25.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| London City Equities Ltd (LCE) | AU$27.87 Million | 6.78% | 0.11x | $971.14K |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $281.69 Million | 15.05% | 0.96x | $8.06K |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Amcil Ltd (AMH) | $128.23 Million | 0.00% | 0.02x | $137.06 Million |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |