Matrix Composites & Engineering Ltd (MCE) - Net Assets
Based on the latest financial reports, Matrix Composites & Engineering Ltd (MCE) has net assets worth AU$29.32 Million AUD (≈ $20.75 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$80.78 Million ≈ $57.15 Million USD) and total liabilities (AU$51.45 Million ≈ $36.41 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. Check MCE asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$29.32 Million |
| % of Total Assets | 36.3% |
| Annual Growth Rate | 3.79% |
| 5-Year Change | N/A |
| 10-Year Change | -78.02% |
| Growth Volatility | 58.35 |
Matrix Composites & Engineering Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Matrix Composites & Engineering Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Matrix Composites & Engineering Ltd (MCE) total assets for the complete picture of this company's asset base.
Annual Net Assets for Matrix Composites & Engineering Ltd (2008–2025)
The table below shows the annual net assets of Matrix Composites & Engineering Ltd from 2008 to 2025. For live valuation and market cap data, see market value of Matrix Composites & Engineering Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$29.32 Million ≈ $20.75 Million |
-5.45% |
| 2024-06-30 | AU$31.02 Million ≈ $21.95 Million |
+15.88% |
| 2023-06-30 | AU$26.77 Million ≈ $18.94 Million |
+2152.53% |
| 2022-06-30 | AU$-1.30 Million ≈ $-922.66K |
+54.44% |
| 2021-06-30 | AU$-2.86 Million ≈ $-2.03 Million |
-111.88% |
| 2020-06-30 | AU$24.09 Million ≈ $17.04 Million |
-74.12% |
| 2019-06-30 | AU$93.06 Million ≈ $65.85 Million |
-6.37% |
| 2018-06-30 | AU$99.40 Million ≈ $70.33 Million |
-13.43% |
| 2017-06-30 | AU$114.81 Million ≈ $81.24 Million |
-13.96% |
| 2016-06-30 | AU$133.44 Million ≈ $94.42 Million |
-3.18% |
| 2015-06-30 | AU$137.81 Million ≈ $97.51 Million |
+0.73% |
| 2014-06-30 | AU$136.81 Million ≈ $96.80 Million |
+3.42% |
| 2013-06-30 | AU$132.29 Million ≈ $93.60 Million |
-3.25% |
| 2012-06-30 | AU$136.73 Million ≈ $96.75 Million |
+7.87% |
| 2011-06-30 | AU$126.76 Million ≈ $89.69 Million |
+111.64% |
| 2010-06-30 | AU$59.89 Million ≈ $42.38 Million |
+71.71% |
| 2009-06-30 | AU$34.88 Million ≈ $24.68 Million |
+124.00% |
| 2008-06-30 | AU$15.57 Million ≈ $11.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Matrix Composites & Engineering 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 decreased by 19396.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$140.37 Million | 478.67% |
| Other Comprehensive Income | AU$-475.00K | -1.62% |
| Total Equity | AU$29.32 Million | 100.00% |
Matrix Composites & Engineering Ltd Competitors by Market Cap
The table below lists competitors of Matrix Composites & Engineering Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PetMed Express Inc
NASDAQ:PETS
|
$49.44 Million |
|
Vinyl Chemicals (India) Limited
NSE:VINYLINDIA
|
$49.44 Million |
|
Smart Digital Group Limited Ordinary Shares
NASDAQ:SDM
|
$49.44 Million |
|
Bluemount Holdings Limited Class B Ordinary Shares
NASDAQ:BMHL
|
$49.44 Million |
|
NOMADAR Corp. Class A Common Stock
NASDAQ:NOMA
|
$49.42 Million |
|
5Th Planet Games A/S
OL:5PG
|
$49.42 Million |
|
Dongbang Ship Machinery Co. Ltd
KQ:099410
|
$49.42 Million |
|
Tadir-Gan (Precision Products) 1993 Ltd
TA:TDGN
|
$49.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Matrix Composites & Engineering Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,015,000 to 29,324,000, a change of -1,691,000 (-5.5%).
- Net loss of 2,218,000 reduced equity.
- Other comprehensive income decreased equity by 77,000.
- Other factors increased equity by 604,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.22 Million | -7.56% |
| Other Comprehensive Income | AU$-77.00K | -0.26% |
| Other Changes | AU$604.00K | +2.06% |
| Total Change | AU$- | -5.45% |
Book Value vs Market Value Analysis
This analysis compares Matrix Composites & Engineering 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: 2.95x
- 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 0.72x to 2.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-06-30 | AU$0.54 | AU$0.39 | x |
| 2010-06-30 | AU$0.93 | AU$0.39 | x |
| 2011-06-30 | AU$1.66 | AU$0.39 | x |
| 2012-06-30 | AU$1.68 | AU$0.39 | x |
| 2013-06-30 | AU$1.40 | AU$0.39 | x |
| 2014-06-30 | AU$1.45 | AU$0.39 | x |
| 2015-06-30 | AU$1.46 | AU$0.39 | x |
| 2016-06-30 | AU$1.42 | AU$0.39 | x |
| 2017-06-30 | AU$1.22 | AU$0.39 | x |
| 2018-06-30 | AU$1.06 | AU$0.39 | x |
| 2019-06-30 | AU$0.91 | AU$0.39 | x |
| 2020-06-30 | AU$0.23 | AU$0.39 | x |
| 2021-06-30 | AU$-0.03 | AU$0.39 | x |
| 2022-06-30 | AU$-0.01 | AU$0.39 | x |
| 2023-06-30 | AU$0.16 | AU$0.39 | x |
| 2024-06-30 | AU$0.12 | AU$0.39 | x |
| 2025-06-30 | AU$0.13 | AU$0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Matrix Composites & Engineering 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): -7.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.97%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.75x
- Recent ROE (-7.56%) is above the historical average (-14.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 30.31% | 17.70% | 0.76x | 2.24x | AU$12.17 Million |
| 2011 | 26.51% | 17.94% | 0.93x | 1.59x | AU$20.93 Million |
| 2012 | -10.56% | -9.98% | 0.69x | 1.54x | AU$-28.12 Million |
| 2013 | -2.23% | -2.03% | 0.71x | 1.54x | AU$-16.18 Million |
| 2014 | 2.21% | 1.90% | 0.83x | 1.40x | AU$-10.66 Million |
| 2015 | 2.64% | 2.52% | 0.80x | 1.31x | AU$-10.15 Million |
| 2016 | -1.58% | -2.21% | 0.66x | 1.08x | AU$-15.46 Million |
| 2017 | -17.01% | -58.93% | 0.27x | 1.06x | AU$-31.01 Million |
| 2018 | -15.48% | -78.76% | 0.18x | 1.10x | AU$-25.33 Million |
| 2019 | -9.33% | -22.74% | 0.35x | 1.16x | AU$-17.99 Million |
| 2020 | -281.76% | -247.35% | 0.44x | 2.57x | AU$-70.27 Million |
| 2021 | 0.00% | -158.50% | 0.48x | 0.00x | AU$-27.64 Million |
| 2022 | 0.00% | -16.68% | 0.86x | 0.00x | AU$-4.65 Million |
| 2023 | 32.44% | 18.39% | 0.59x | 2.98x | AU$6.01 Million |
| 2024 | 11.76% | 4.29% | 0.89x | 3.07x | AU$544.50K |
| 2025 | -7.56% | -2.97% | 0.93x | 2.75x | AU$-5.15 Million |
Industry Comparison
This section compares Matrix Composites & Engineering Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $62,161,937
- Average return on equity (ROE) among peers: 38.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Matrix Composites & Engineering Ltd (MCE) | AU$29.32 Million | 30.31% | 1.75x | $49.43 Million |
| Acrow Ltd (ACF) | $61.49 Million | 6.45% | 1.59x | $185.18 Million |
| BSA Ltd (BSA) | $58.84 Million | 13.13% | 0.96x | $16.25 Million |
| Civmec Ltd (CVL) | $110.18 Million | 28.25% | 0.75x | $564.33 Million |
| Dynamic Group Holdings Ltd (DDB) | $426.96K | 357.47% | 11.27x | $28.36 Million |
| Downer Edi Ltd (DOW) | $240.74 Million | 2.97% | 2.32x | $3.63 Billion |
| Duratec Ltd (DUR) | $14.95 Million | 87.04% | 4.38x | $487.13 Million |
| EVZ Ltd (EVZ) | $1.88 Million | -51.28% | 0.63x | $36.54 Million |
| Fleetwood Ltd (FWD) | $2.00 Million | -104.09% | 3.16x | $108.09 Million |
| Genusplus Group Ltd (GNP) | $57.71 Million | 23.13% | 1.70x | $1.22 Billion |
| Johns LYNG Group Ltd (JLG) | $73.41 Million | 25.28% | 2.38x | $806.21 Million |
About Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd engages in the design, manufacture, and supply of engineered composite products in Australia, Brazil, the United States, the United Kingdom, Japan, and internationally. It offers autonomous underwater vehicles/unmanned underwater vehicles buoyancy, distributed buoyancy module systems, drill riser buoyancy systems, matrix longitudinal groove system (LGS) for dri… Read more