MA Financial Group Ltd
MA Financial Group Limited, together with its subsidiaries, provides various financial services in Australia. It operates through Asset Management, Lending & Technology, and Corporate Advisory & Equities segments. The company operates as an asset manager specializing in private credit, real estate, and private equity and venture capital; and manage traditional asset classes, including equities, b… Read more
MA Financial Group Ltd (MAF) - Net Assets
Latest net assets as of June 2025: AU$407.56 Million AUD
Based on the latest financial reports, MA Financial Group Ltd (MAF) has net assets worth AU$407.56 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$8.47 Billion) and total liabilities (AU$8.06 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$407.56 Million |
| % of Total Assets | 4.81% |
| Annual Growth Rate | 11.86% |
| 5-Year Change | 76.28% |
| 10-Year Change | 1715.98% |
| Growth Volatility | 83.29 |
MA Financial Group Ltd - Net Assets Trend (2005–2024)
This chart illustrates how MA Financial Group 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 MA Financial Group Ltd (2005–2024)
The table below shows the annual net assets of MA Financial Group Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$417.53 Million | -9.46% |
| 2023-12-31 | AU$461.16 Million | +12.59% |
| 2022-12-31 | AU$409.59 Million | +10.69% |
| 2021-12-31 | AU$370.03 Million | +56.23% |
| 2020-12-31 | AU$236.86 Million | +4.28% |
| 2019-12-31 | AU$227.13 Million | -5.69% |
| 2018-12-31 | AU$240.83 Million | +11.68% |
| 2017-12-31 | AU$215.63 Million | +175.74% |
| 2016-12-31 | AU$78.20 Million | +240.12% |
| 2015-12-31 | AU$22.99 Million | -48.01% |
| 2014-12-31 | AU$44.23 Million | -77.11% |
| 2008-12-31 | AU$193.23 Million | +62.88% |
| 2007-12-31 | AU$118.64 Million | +6.60% |
| 2006-12-31 | AU$111.29 Million | +124.07% |
| 2005-12-31 | AU$49.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MA Financial Group 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 10520078200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$80.34 Million | 19.24% |
| Common Stock | AU$384.10 Million | 92.00% |
| Other Comprehensive Income | AU$51.04 Million | 12.22% |
| Total Equity | AU$417.53 Million | 100.00% |
MA Financial Group Ltd Competitors by Market Cap
The table below lists competitors of MA Financial Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZhuZhou QianJin Pharmaceutical Co Ltd
SHG:600479
|
$545.18 Million |
|
Yunnan Hongxiang Yixintang
SHE:002727
|
$545.21 Million |
|
Draper Esprit plc
PINK:GRWXF
|
$545.34 Million |
|
Truking Technology Ltd
SHE:300358
|
$545.42 Million |
|
5R02
F:5R02
|
$545.09 Million |
|
Tianjin Economic-technological Development Area Co Ltd
SHE:000652
|
$544.91 Million |
|
Lonkey Industrial Co Ltd Guangzhou
SHE:000523
|
$544.84 Million |
|
Bright Real Estate Group Co Ltd
SHG:600708
|
$544.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MA Financial Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 397,536,000 to 417,526,000, a change of 19,990,000 (5.0%).
- Net income of 41,793,000 contributed positively to equity growth.
- Dividend payments of 35,553,000 reduced retained earnings.
- Share repurchases of 5,238,000 reduced equity.
- Other comprehensive income increased equity by 6,338,000.
- Other factors increased equity by 12,650,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$41.79 Million | +10.01% |
| Dividends Paid | AU$35.55 Million | -8.52% |
| Share Repurchases | AU$5.24 Million | -1.25% |
| Other Comprehensive Income | AU$6.34 Million | +1.52% |
| Other Changes | AU$12.65 Million | +3.03% |
| Total Change | AU$- | 5.03% |
Book Value vs Market Value Analysis
This analysis compares MA Financial Group 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: 2.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.60x to 2.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | AU$2.90 | AU$7.54 | x |
| 2015-12-31 | AU$0.18 | AU$7.54 | x |
| 2016-12-31 | AU$0.59 | AU$7.54 | x |
| 2017-12-31 | AU$1.66 | AU$7.54 | x |
| 2018-12-31 | AU$1.51 | AU$7.54 | x |
| 2019-12-31 | AU$1.42 | AU$7.54 | x |
| 2020-12-31 | AU$1.48 | AU$7.54 | x |
| 2021-12-31 | AU$2.31 | AU$7.54 | x |
| 2022-12-31 | AU$2.46 | AU$7.54 | x |
| 2023-12-31 | AU$2.41 | AU$7.54 | x |
| 2024-12-31 | AU$2.53 | AU$7.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MA Financial Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.46%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 14.42x
- Recent ROE (10.01%) is above the historical average (2.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -11.29% | 0.00% | 0.00x | 1.03x | AU$-10.57 Million |
| 2006 | -12.07% | -475.87% | 0.02x | 1.41x | AU$-24.56 Million |
| 2007 | -9.57% | -478.73% | 0.01x | 1.47x | AU$-23.21 Million |
| 2008 | -7.32% | -1067.58% | 0.01x | 1.35x | AU$-33.46 Million |
| 2014 | 5.59% | 3.82% | 0.90x | 1.63x | AU$-1.20 Million |
| 2015 | -24.21% | -11.49% | 0.95x | 2.22x | AU$-7.87 Million |
| 2016 | 17.07% | 14.18% | 0.85x | 1.41x | AU$4.18 Million |
| 2017 | 13.71% | 29.71% | 0.35x | 1.32x | AU$8.00 Million |
| 2018 | 12.14% | 22.50% | 0.35x | 1.55x | AU$5.19 Million |
| 2019 | 10.34% | 16.75% | 0.27x | 2.26x | AU$780.40K |
| 2020 | 11.18% | 15.06% | 0.31x | 2.40x | AU$2.79 Million |
| 2021 | 8.66% | 13.24% | 0.28x | 2.36x | AU$-4.96 Million |
| 2022 | 10.95% | 5.76% | 0.35x | 5.48x | AU$3.90 Million |
| 2023 | 7.17% | 3.26% | 0.24x | 8.99x | AU$-11.24 Million |
| 2024 | 10.01% | 3.46% | 0.20x | 14.42x | AU$40.40K |
Industry Comparison
This section compares MA Financial Group 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 |
|---|---|---|---|---|
| MA Financial Group Ltd (MAF) | AU$407.56 Million | -11.29% | 19.78x | $545.18 Million |
| 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 |