Macmahon Holdings Ltd (MAH) - Net Assets
Based on the latest financial reports, Macmahon Holdings Ltd (MAH) has net assets worth AU$719.65 Million AUD (≈ $509.20 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.71 Billion ≈ $1.21 Billion USD) and total liabilities (AU$992.39 Million ≈ $702.18 Million 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. Also explore MAH total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$719.65 Million |
| % of Total Assets | 42.03% |
| Annual Growth Rate | 6.74% |
| 5-Year Change | 29.2% |
| 10-Year Change | 233.86% |
| Growth Volatility | 51.64 |
Macmahon Holdings Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Macmahon Holdings Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see how much is Macmahon Holdings Ltd worth.
Annual Net Assets for Macmahon Holdings Ltd (1989–2025)
The table below shows the annual net assets of Macmahon Holdings Ltd from 1989 to 2025. Explore Macmahon Holdings Ltd cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$692.34 Million ≈ $489.88 Million |
+9.29% |
| 2024-06-30 | AU$633.51 Million ≈ $448.25 Million |
+4.05% |
| 2023-06-30 | AU$608.85 Million ≈ $430.80 Million |
+8.82% |
| 2022-06-30 | AU$559.50 Million ≈ $395.88 Million |
+4.41% |
| 2021-06-30 | AU$535.86 Million ≈ $379.16 Million |
+7.64% |
| 2020-06-30 | AU$497.83 Million ≈ $352.25 Million |
+11.22% |
| 2019-06-30 | AU$447.62 Million ≈ $316.72 Million |
+9.22% |
| 2018-06-30 | AU$409.83 Million ≈ $289.98 Million |
+121.54% |
| 2017-06-30 | AU$184.99 Million ≈ $130.89 Million |
-10.79% |
| 2016-06-30 | AU$207.38 Million ≈ $146.73 Million |
-6.51% |
| 2015-06-30 | AU$221.81 Million ≈ $156.94 Million |
-48.67% |
| 2014-06-30 | AU$432.17 Million ≈ $305.79 Million |
+7.72% |
| 2013-06-30 | AU$401.20 Million ≈ $283.88 Million |
+12.44% |
| 2012-06-30 | AU$356.81 Million ≈ $252.47 Million |
+10.43% |
| 2011-06-30 | AU$323.12 Million ≈ $228.63 Million |
-4.89% |
| 2010-06-30 | AU$339.74 Million ≈ $240.39 Million |
+9.24% |
| 2009-06-30 | AU$311.00 Million ≈ $220.06 Million |
+23.91% |
| 2008-06-30 | AU$251.00 Million ≈ $177.60 Million |
+18.87% |
| 2007-06-30 | AU$211.15 Million ≈ $149.40 Million |
+22.82% |
| 2006-06-30 | AU$171.92 Million ≈ $121.64 Million |
+45.86% |
| 2005-06-30 | AU$117.87 Million ≈ $83.40 Million |
+18.59% |
| 2004-06-30 | AU$99.39 Million ≈ $70.33 Million |
+71.55% |
| 2003-06-30 | AU$57.94 Million ≈ $40.99 Million |
+17.19% |
| 2002-06-30 | AU$49.44 Million ≈ $34.98 Million |
+16.70% |
| 2001-06-30 | AU$42.37 Million ≈ $29.98 Million |
-43.66% |
| 2000-06-30 | AU$75.20 Million ≈ $53.21 Million |
-37.88% |
| 1999-06-30 | AU$121.05 Million ≈ $85.65 Million |
-15.72% |
| 1998-06-30 | AU$143.63 Million ≈ $101.63 Million |
-0.43% |
| 1997-06-30 | AU$144.25 Million ≈ $102.07 Million |
+58.31% |
| 1996-06-30 | AU$91.12 Million ≈ $64.47 Million |
+15.08% |
| 1995-06-30 | AU$79.17 Million ≈ $56.02 Million |
+255.09% |
| 1994-06-30 | AU$22.30 Million ≈ $15.78 Million |
-0.21% |
| 1993-06-30 | AU$22.34 Million ≈ $15.81 Million |
-36.08% |
| 1992-06-30 | AU$34.95 Million ≈ $24.73 Million |
-49.29% |
| 1991-06-30 | AU$68.94 Million ≈ $48.78 Million |
+3.47% |
| 1990-06-30 | AU$66.62 Million ≈ $47.14 Million |
+0.81% |
| 1989-06-30 | AU$66.09 Million ≈ $46.76 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Macmahon Holdings 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 685.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$132.00 Million | 19.07% |
| Common Stock | AU$563.12 Million | 81.34% |
| Other Comprehensive Income | AU$-2.77 Million | -0.40% |
| Total Equity | AU$692.34 Million | 100.00% |
Macmahon Holdings Ltd Competitors by Market Cap
The table below lists competitors of Macmahon Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Tong-Da Cable Co Ltd
SHE:002560
|
$1.13 Billion |
|
Shenzhen Topraysolar Co Ltd
SHE:002218
|
$1.13 Billion |
|
Hemnet Group AB
ST:HEM
|
$1.13 Billion |
|
Energizer Holdings Inc
NYSE:ENR
|
$1.13 Billion |
|
Rio Tinto PLC
LSE:RIO
|
$1.13 Billion |
|
Hunan Warrant Pharmaceutical Co. Ltd. A
SHG:688799
|
$1.13 Billion |
|
secunet Security Networks Aktiengesellschaft
F:YSN
|
$1.13 Billion |
|
SKAN Group AG
SW:SKAN
|
$1.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Macmahon Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 633,515,000 to 692,342,000, a change of 58,827,000 (9.3%).
- Net income of 73,944,000 contributed positively to equity growth.
- Dividend payments of 24,549,000 reduced retained earnings.
- Share repurchases of 2,762,000 reduced equity.
- Other comprehensive income decreased equity by 1,398,000.
- Other factors increased equity by 13,592,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$73.94 Million | +10.68% |
| Dividends Paid | AU$24.55 Million | -3.55% |
| Share Repurchases | AU$2.76 Million | -0.4% |
| Other Comprehensive Income | AU$-1.40 Million | -0.2% |
| Other Changes | AU$13.59 Million | +1.96% |
| Total Change | AU$- | 9.29% |
Book Value vs Market Value Analysis
This analysis compares Macmahon Holdings 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: 2.30x
- 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 25.25x to 2.30x 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$0.03 | AU$0.74 | x |
| 1990-06-30 | AU$0.03 | AU$0.74 | x |
| 1991-06-30 | AU$0.03 | AU$0.74 | x |
| 1992-06-30 | AU$0.02 | AU$0.74 | x |
| 1993-06-30 | AU$0.01 | AU$0.74 | x |
| 1994-06-30 | AU$0.01 | AU$0.74 | x |
| 1995-06-30 | AU$0.04 | AU$0.74 | x |
| 1996-06-30 | AU$0.04 | AU$0.74 | x |
| 1997-06-30 | AU$0.07 | AU$0.74 | x |
| 1998-06-30 | AU$0.06 | AU$0.74 | x |
| 1999-06-30 | AU$0.05 | AU$0.74 | x |
| 2000-06-30 | AU$0.03 | AU$0.74 | x |
| 2001-06-30 | AU$0.02 | AU$0.74 | x |
| 2002-06-30 | AU$0.02 | AU$0.74 | x |
| 2003-06-30 | AU$0.03 | AU$0.74 | x |
| 2004-06-30 | AU$0.04 | AU$0.74 | x |
| 2005-06-30 | AU$0.05 | AU$0.74 | x |
| 2006-06-30 | AU$0.08 | AU$0.74 | x |
| 2007-06-30 | AU$0.10 | AU$0.74 | x |
| 2008-06-30 | AU$0.11 | AU$0.74 | x |
| 2009-06-30 | AU$0.14 | AU$0.74 | x |
| 2010-06-30 | AU$0.15 | AU$0.74 | x |
| 2011-06-30 | AU$0.15 | AU$0.74 | x |
| 2012-06-30 | AU$0.16 | AU$0.74 | x |
| 2013-06-30 | AU$0.18 | AU$0.74 | x |
| 2014-06-30 | AU$0.20 | AU$0.74 | x |
| 2015-06-30 | AU$0.10 | AU$0.74 | x |
| 2016-06-30 | AU$0.09 | AU$0.74 | x |
| 2017-06-30 | AU$0.08 | AU$0.74 | x |
| 2018-06-30 | AU$0.19 | AU$0.74 | x |
| 2019-06-30 | AU$0.20 | AU$0.74 | x |
| 2020-06-30 | AU$0.23 | AU$0.74 | x |
| 2021-06-30 | AU$0.24 | AU$0.74 | x |
| 2022-06-30 | AU$0.25 | AU$0.74 | x |
| 2023-06-30 | AU$0.28 | AU$0.74 | x |
| 2024-06-30 | AU$0.30 | AU$0.74 | x |
| 2025-06-30 | AU$0.32 | AU$0.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Macmahon Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.05%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 2.54x
- Recent ROE (10.68%) is above the historical average (-6.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 0.88% | 0.26% | 1.06x | 3.18x | AU$-5.91 Million |
| 1990 | -0.70% | -0.20% | 1.12x | 3.16x | AU$-6.94 Million |
| 1991 | 8.01% | 2.40% | 0.95x | 3.50x | AU$-1.37 Million |
| 1992 | -96.83% | -15.20% | 1.35x | 4.73x | AU$-37.34 Million |
| 1993 | -70.43% | -6.38% | 1.53x | 7.21x | AU$-17.97 Million |
| 1994 | -96.56% | -10.16% | 1.67x | 5.68x | AU$-23.76 Million |
| 1995 | 11.09% | 2.83% | 1.37x | 2.86x | AU$863.50K |
| 1996 | 17.28% | 4.41% | 1.13x | 3.45x | AU$6.63 Million |
| 1997 | 12.40% | 4.18% | 1.16x | 2.56x | AU$3.46 Million |
| 1998 | 9.20% | 0.00% | 0.00x | 2.91x | AU$-1.15 Million |
| 1999 | -13.62% | 0.00% | 0.00x | 3.20x | AU$-28.60 Million |
| 2000 | -60.98% | -10.56% | 1.33x | 4.34x | AU$-53.37 Million |
| 2001 | -77.49% | -8.71% | 1.63x | 5.45x | AU$-37.06 Million |
| 2002 | 14.31% | 1.64% | 2.08x | 4.21x | AU$2.13 Million |
| 2003 | 14.63% | 2.11% | 2.36x | 2.95x | AU$2.69 Million |
| 2004 | 11.63% | 3.21% | 1.46x | 2.49x | AU$1.62 Million |
| 2005 | 16.59% | 3.52% | 1.73x | 2.72x | AU$7.77 Million |
| 2006 | 4.39% | 0.93% | 1.65x | 2.85x | AU$-9.59 Million |
| 2007 | 21.19% | 4.93% | 1.61x | 2.66x | AU$23.50 Million |
| 2008 | 19.56% | 4.06% | 1.91x | 2.53x | AU$23.82 Million |
| 2009 | 5.57% | 1.26% | 2.15x | 2.05x | AU$-13.66 Million |
| 2010 | 11.28% | 4.23% | 1.55x | 1.72x | AU$4.29 Million |
| 2011 | 0.32% | 0.10% | 1.59x | 2.12x | AU$-31.27 Million |
| 2012 | 15.71% | 3.37% | 1.68x | 2.77x | AU$20.37 Million |
| 2013 | -11.21% | -3.86% | 1.23x | 2.35x | AU$-85.11 Million |
| 2014 | 7.04% | 3.00% | 1.23x | 1.91x | AU$-12.79 Million |
| 2015 | -98.25% | -33.01% | 1.26x | 2.36x | AU$-240.10 Million |
| 2016 | 0.83% | 0.50% | 1.16x | 1.45x | AU$-19.01 Million |
| 2017 | -12.33% | -6.28% | 1.23x | 1.59x | AU$-41.31 Million |
| 2018 | 8.11% | 4.68% | 0.98x | 1.76x | AU$-7.75 Million |
| 2019 | 10.30% | 4.18% | 1.34x | 1.84x | AU$1.33 Million |
| 2020 | 13.05% | 4.71% | 1.50x | 1.85x | AU$15.16 Million |
| 2021 | 14.41% | 5.71% | 1.18x | 2.13x | AU$23.65 Million |
| 2022 | 4.90% | 1.61% | 1.27x | 2.39x | AU$-28.55 Million |
| 2023 | 9.47% | 3.03% | 1.30x | 2.41x | AU$-3.21 Million |
| 2024 | 8.40% | 2.62% | 1.40x | 2.29x | AU$-10.13 Million |
| 2025 | 10.68% | 3.05% | 1.38x | 2.54x | AU$4.71 Million |
Industry Comparison
This section compares Macmahon Holdings Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $19,126,261
- Average return on equity (ROE) among peers: -14.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Macmahon Holdings Ltd (MAH) | AU$719.65 Million | 0.88% | 1.38x | $1.13 Billion |
| Morella Corporation Ltd (1MC) | $6.08 Million | 10.70% | 0.57x | $8.34 Million |
| Amaero Ltd (3DA) | $8.19 Million | -70.52% | 0.51x | $239.27 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $169.25 Million |
| Atlantic Lithium Ltd (A11) | $15.58 Million | -14.80% | 0.03x | $162.00 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $419.02 Million |
| Albright Metals Ltd (ABR) | $11.25 Million | -14.23% | 0.04x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $3.93 Million | -26.01% | 0.91x | $14.72 Million |
| Accent Resources NL (ACS) | $16.59 Million | -8.22% | 0.03x | $16.28 Million |
| Acdc Metals Ltd (ADC) | $11.06 Million | -10.14% | 0.02x | $3.08 Million |
| Andromeda Metals Ltd (ADN) | $154.88 Million | -4.69% | 0.02x | $26.17 Million |
About Macmahon Holdings Ltd
Macmahon Holdings Limited provides surface mining, underground mining and mining support, and civil infrastructure services to mining companies in Australia and Southeast Asia. It operates in four segments: Surface Mining, Underground Mining, International Mining, and Civil Infrastructure. The company offers surface mining services, such as bulk and selective mining, mine planning and analysis, d… Read more