Maas Group Holdings Ltd (MGH) - Net Assets
Based on the latest financial reports, Maas Group Holdings Ltd (MGH) has net assets worth AU$891.30 Million AUD (≈ $630.65 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$1.99 Billion ≈ $1.41 Billion USD) and total liabilities (AU$1.10 Billion ≈ $779.16 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 MGH cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$891.30 Million |
| % of Total Assets | 44.73% |
| Annual Growth Rate | 63.77% |
| 5-Year Change | 250.35% |
| 10-Year Change | N/A |
| Growth Volatility | 66.48 |
Maas Group Holdings Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Maas Group Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore MGH current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Maas Group Holdings Ltd (2017–2024)
The table below shows the annual net assets of Maas Group Holdings Ltd from 2017 to 2024. For live valuation and market cap data, see Maas Group Holdings Ltd (MGH) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$891.30 Million ≈ $630.65 Million |
+30.37% |
| 2023-12-31 | AU$683.68 Million ≈ $483.75 Million |
+8.64% |
| 2022-12-31 | AU$629.29 Million ≈ $445.26 Million |
+38.02% |
| 2021-12-31 | AU$455.95 Million ≈ $322.61 Million |
+79.23% |
| 2020-12-31 | AU$254.40 Million ≈ $180.00 Million |
+19.21% |
| 2019-12-31 | AU$213.40 Million ≈ $150.99 Million |
+175.43% |
| 2018-12-31 | AU$77.48 Million ≈ $54.82 Million |
+174.77% |
| 2017-12-31 | AU$28.20 Million ≈ $19.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Maas Group 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 874.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$274.89 Million | 31.37% |
| Common Stock | AU$707.21 Million | 80.71% |
| Other Comprehensive Income | AU$-107.16 Million | -12.23% |
| Other Components | AU$1.25 Million | 0.14% |
| Total Equity | AU$876.19 Million | 100.00% |
Maas Group Holdings Ltd Competitors by Market Cap
The table below lists competitors of Maas Group Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Huaya Intelligence Technology Co Ltd
SHE:003043
|
$1.13 Billion |
|
Wuhan LinControl Automotive Electronics Co. Ltd. A
SHG:688667
|
$1.13 Billion |
|
Decai Decoration Co Ltd
SHG:605287
|
$1.13 Billion |
|
China Reform Health Management and Services Group Co Ltd
SHE:000503
|
$1.13 Billion |
|
Instalco Intressenter AB
ST:INSTAL
|
$1.13 Billion |
|
Jiangsu Gian Technology Co Ltd
SHE:300709
|
$1.13 Billion |
|
Hunan Keli Motor Co Ltd
SHE:002892
|
$1.13 Billion |
|
Sichuan Yimikang Environmental Tech Co Ltd
SHE:300249
|
$1.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maas Group Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 678,628,000 to 876,186,000, a change of 197,558,000 (29.1%).
- Net income of 71,963,000 contributed positively to equity growth.
- Dividend payments of 24,984,000 reduced retained earnings.
- Share repurchases of 10,093,000 reduced equity.
- New share issuances of 150,000,000 increased equity.
- Other comprehensive income decreased equity by 724,000.
- Other factors increased equity by 11,396,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$71.96 Million | +8.21% |
| Dividends Paid | AU$24.98 Million | -2.85% |
| Share Repurchases | AU$10.09 Million | -1.15% |
| Share Issuances | AU$150.00 Million | +17.12% |
| Other Comprehensive Income | AU$-724.00K | -0.08% |
| Other Changes | AU$11.40 Million | +1.3% |
| Total Change | AU$- | 29.11% |
Book Value vs Market Value Analysis
This analysis compares Maas Group 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: 1.76x
- 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 41.34x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$0.11 | AU$4.40 | x |
| 2018-12-31 | AU$0.28 | AU$4.40 | x |
| 2019-12-31 | AU$0.81 | AU$4.40 | x |
| 2020-12-31 | AU$1.05 | AU$4.40 | x |
| 2021-12-31 | AU$1.57 | AU$4.40 | x |
| 2022-12-31 | AU$1.95 | AU$4.40 | x |
| 2023-12-31 | AU$2.04 | AU$4.40 | x |
| 2024-12-31 | AU$2.50 | AU$4.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maas Group 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): 8.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.98%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.27x
- Recent ROE (8.21%) is below the historical average (14.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 39.89% | 26.59% | 0.42x | 3.58x | AU$8.43 Million |
| 2018 | 12.25% | 25.08% | 0.15x | 3.24x | AU$1.69 Million |
| 2019 | 9.70% | 11.07% | 0.48x | 1.81x | AU$-646.43K |
| 2020 | 13.59% | 12.66% | 0.56x | 1.92x | AU$9.13 Million |
| 2021 | 13.50% | 12.07% | 0.54x | 2.08x | AU$15.97 Million |
| 2022 | 10.51% | 8.35% | 0.55x | 2.30x | AU$3.22 Million |
| 2023 | 10.75% | 8.15% | 0.56x | 2.34x | AU$5.10 Million |
| 2024 | 8.21% | 6.98% | 0.52x | 2.27x | AU$-15.66 Million |
Industry Comparison
This section compares Maas Group Holdings 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 |
|---|---|---|---|---|
| Maas Group Holdings Ltd (MGH) | AU$891.30 Million | 39.89% | 1.24x | $1.13 Billion |
| 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 Maas Group Holdings Ltd
MAAS Group Holdings Limited, together with subsidiaries, engages in the provision of construction materials to the civil infrastructure, renewable energy, building and construction, and mining sectors. It operates through Construction Materials, Civil Construction and Hire, Residential Real Estate, Commercial Real Estate, and Manufacturing segments. The Construction Materials segment supplies qua… Read more