Mirvac Group (MGR) - Net Assets
Based on the latest financial reports, Mirvac Group (MGR) has net assets worth AU$9.05 Billion AUD (≈ $6.41 Billion 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$15.08 Billion ≈ $10.67 Billion USD) and total liabilities (AU$6.02 Billion ≈ $4.26 Billion 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 MGR cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$9.05 Billion |
| % of Total Assets | 60.05% |
| Annual Growth Rate | 7.26% |
| 5-Year Change | -15.05% |
| 10-Year Change | 26.11% |
| Growth Volatility | 9.15 |
Mirvac Group - Net Assets Trend (1998–2025)
This chart illustrates how Mirvac Group's net assets have evolved over time, based on quarterly financial data. Also explore MGR current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Mirvac Group (1998–2025)
The table below shows the annual net assets of Mirvac Group from 1998 to 2025. For live valuation and market cap data, see MGR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$9.05 Billion ≈ $6.41 Billion |
-3.17% |
| 2024-06-30 | AU$9.35 Billion ≈ $6.62 Billion |
-11.42% |
| 2023-06-30 | AU$10.56 Billion ≈ $7.47 Billion |
-5.67% |
| 2022-06-30 | AU$11.19 Billion ≈ $7.92 Billion |
+5.00% |
| 2021-06-30 | AU$10.66 Billion ≈ $7.54 Billion |
+5.11% |
| 2020-06-30 | AU$10.14 Billion ≈ $7.18 Billion |
+2.70% |
| 2019-06-30 | AU$9.87 Billion ≈ $6.99 Billion |
+14.08% |
| 2018-06-30 | AU$8.65 Billion ≈ $6.12 Billion |
+8.57% |
| 2017-06-30 | AU$7.97 Billion ≈ $5.64 Billion |
+11.03% |
| 2016-06-30 | AU$7.18 Billion ≈ $5.08 Billion |
+11.11% |
| 2015-06-30 | AU$6.46 Billion ≈ $4.57 Billion |
+4.63% |
| 2014-06-30 | AU$6.18 Billion ≈ $4.37 Billion |
+2.75% |
| 2013-06-30 | AU$6.01 Billion ≈ $4.25 Billion |
+4.45% |
| 2012-06-30 | AU$5.75 Billion ≈ $4.07 Billion |
+2.84% |
| 2011-06-30 | AU$5.60 Billion ≈ $3.96 Billion |
+2.57% |
| 2010-06-30 | AU$5.46 Billion ≈ $3.86 Billion |
+11.96% |
| 2009-06-30 | AU$4.87 Billion ≈ $3.45 Billion |
+10.49% |
| 2008-06-30 | AU$4.41 Billion ≈ $3.12 Billion |
+8.08% |
| 2007-06-30 | AU$4.08 Billion ≈ $2.89 Billion |
+28.80% |
| 2006-06-30 | AU$3.17 Billion ≈ $2.24 Billion |
+6.26% |
| 2005-06-30 | AU$2.98 Billion ≈ $2.11 Billion |
+33.09% |
| 2004-06-30 | AU$2.24 Billion ≈ $1.58 Billion |
+10.15% |
| 2003-06-30 | AU$2.03 Billion ≈ $1.44 Billion |
+17.58% |
| 2002-06-30 | AU$1.73 Billion ≈ $1.22 Billion |
+4.20% |
| 2001-06-30 | AU$1.66 Billion ≈ $1.17 Billion |
+2.89% |
| 2000-06-30 | AU$1.61 Billion ≈ $1.14 Billion |
+17.42% |
| 1999-06-30 | AU$1.37 Billion ≈ $972.08 Million |
+0.62% |
| 1998-06-30 | AU$1.37 Billion ≈ $966.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mirvac Group'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 2153.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.47 Billion | 16.28% |
| Common Stock | AU$7.53 Billion | 83.20% |
| Other Comprehensive Income | AU$47.00 Million | 0.52% |
| Total Equity | AU$9.05 Billion | 100.00% |
Mirvac Group Competitors by Market Cap
The table below lists competitors of Mirvac Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Energy Group Co Ltd
SHE:000027
|
$4.76 Billion |
|
Lancaster Colony Corporation
NASDAQ:LANC
|
$4.76 Billion |
|
Dexus
AU:DXS
|
$4.76 Billion |
|
Shanghai Xinmei Real Estate Co Ltd Class A
SHG:600732
|
$4.77 Billion |
|
Investec PLC
JSE:INP
|
$4.76 Billion |
|
SFS Group AG
SW:SFSN
|
$4.76 Billion |
|
Grupo Simec SAB de CV ADR
NYSE MKT:SIM
|
$4.76 Billion |
|
KBR Inc
NYSE:KBR
|
$4.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirvac Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,351,000,000 to 9,055,000,000, a change of -296,000,000 (-3.2%).
- Net income of 68,000,000 contributed positively to equity growth.
- Dividend payments of 415,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 9,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$68.00 Million | +0.75% |
| Dividends Paid | AU$415.00 Million | -4.58% |
| Other Comprehensive Income | AU$-9.00 Million | -0.1% |
| Other Changes | AU$60.00 Million | +0.66% |
| Total Change | AU$- | -3.17% |
Book Value vs Market Value Analysis
This analysis compares Mirvac Group'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: 0.74x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.65x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-06-30 | AU$0.37 | AU$1.71 | x |
| 1999-06-30 | AU$0.37 | AU$1.71 | x |
| 2000-06-30 | AU$0.43 | AU$1.71 | x |
| 2001-06-30 | AU$0.45 | AU$1.71 | x |
| 2002-06-30 | AU$0.23 | AU$1.71 | x |
| 2003-06-30 | AU$0.27 | AU$1.71 | x |
| 2004-06-30 | AU$0.60 | AU$1.71 | x |
| 2005-06-30 | AU$0.79 | AU$1.71 | x |
| 2006-06-30 | AU$0.85 | AU$1.71 | x |
| 2007-06-30 | AU$1.08 | AU$1.71 | x |
| 2008-06-30 | AU$1.17 | AU$1.71 | x |
| 2009-06-30 | AU$1.29 | AU$1.71 | x |
| 2010-06-30 | AU$1.46 | AU$1.71 | x |
| 2011-06-30 | AU$1.50 | AU$1.71 | x |
| 2012-06-30 | AU$1.55 | AU$1.71 | x |
| 2013-06-30 | AU$1.62 | AU$1.71 | x |
| 2014-06-30 | AU$1.66 | AU$1.71 | x |
| 2015-06-30 | AU$1.75 | AU$1.71 | x |
| 2016-06-30 | AU$1.93 | AU$1.71 | x |
| 2017-06-30 | AU$2.14 | AU$1.71 | x |
| 2018-06-30 | AU$2.33 | AU$1.71 | x |
| 2019-06-30 | AU$2.65 | AU$1.71 | x |
| 2020-06-30 | AU$2.57 | AU$1.71 | x |
| 2021-06-30 | AU$2.69 | AU$1.71 | x |
| 2022-06-30 | AU$2.82 | AU$1.71 | x |
| 2023-06-30 | AU$2.68 | AU$1.71 | x |
| 2024-06-30 | AU$2.37 | AU$1.71 | x |
| 2025-06-30 | AU$2.30 | AU$1.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirvac Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.78%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.67x
- Recent ROE (0.75%) is below the historical average (5.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -0.01% | 0.00% | 0.00x | 1.48x | AU$-137.46 Million |
| 2000 | 0.00% | 0.00% | 0.38x | 1.39x | AU$-161.35 Million |
| 2001 | 9.67% | 22.16% | 0.31x | 1.42x | AU$-5.53 Million |
| 2002 | 9.83% | 16.87% | 0.36x | 1.61x | AU$-2.89 Million |
| 2003 | 10.98% | 16.20% | 0.38x | 1.79x | AU$19.98 Million |
| 2004 | 11.28% | 24.78% | 0.24x | 1.92x | AU$28.69 Million |
| 2005 | -0.04% | -0.07% | 0.26x | 1.87x | AU$-296.14 Million |
| 2006 | 14.01% | 28.71% | 0.25x | 1.92x | AU$126.16 Million |
| 2007 | 13.87% | 31.65% | 0.24x | 1.83x | AU$155.01 Million |
| 2008 | 3.96% | 10.01% | 0.23x | 1.73x | AU$-262.25 Million |
| 2009 | -22.42% | -68.20% | 0.21x | 1.53x | AU$-1.56 Billion |
| 2010 | 4.36% | 16.67% | 0.18x | 1.45x | AU$-307.04 Million |
| 2011 | 3.27% | 10.84% | 0.18x | 1.64x | AU$-376.02 Million |
| 2012 | 7.23% | 27.92% | 0.18x | 1.46x | AU$-159.37 Million |
| 2013 | 2.33% | 9.88% | 0.15x | 1.54x | AU$-461.18 Million |
| 2014 | 7.24% | 24.24% | 0.19x | 1.61x | AU$-170.31 Million |
| 2015 | 9.44% | 36.68% | 0.16x | 1.61x | AU$-36.30 Million |
| 2016 | 14.39% | 45.23% | 0.20x | 1.56x | AU$315.00 Million |
| 2017 | 14.60% | 48.06% | 0.20x | 1.52x | AU$366.80 Million |
| 2018 | 12.58% | 51.20% | 0.16x | 1.54x | AU$223.50 Million |
| 2019 | 10.35% | 47.13% | 0.15x | 1.47x | AU$34.70 Million |
| 2020 | 5.53% | 27.00% | 0.13x | 1.56x | AU$-451.00 Million |
| 2021 | 8.51% | 47.00% | 0.12x | 1.52x | AU$-158.30 Million |
| 2022 | 8.14% | 40.30% | 0.13x | 1.56x | AU$-206.60 Million |
| 2023 | -1.56% | -9.15% | 0.11x | 1.62x | AU$-1.22 Billion |
| 2024 | -8.61% | -27.29% | 0.19x | 1.66x | AU$-1.74 Billion |
| 2025 | 0.75% | 2.78% | 0.16x | 1.67x | AU$-837.50 Million |
Industry Comparison
This section compares Mirvac Group's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $4,119,121,647
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirvac Group (MGR) | AU$9.05 Billion | -0.01% | 0.67x | $4.76 Billion |
| Abacus Group (ABG) | $2.90 Billion | 12.73% | 0.40x | $654.45 Million |
| Charter Hall Group (CHC) | $1.20 Billion | 9.82% | 0.06x | $6.72 Billion |
| Charter Hall Long Wale REIT (CLW) | $3.26 Billion | 3.63% | 0.51x | $1.79 Billion |
| Centuria Capital Group (CNI) | $78.44 Million | -16.39% | 11.24x | $1.06 Billion |
| Fat Prophets Global Property Fund (FPP) | $20.32 Million | -15.01% | 0.08x | $14.61 Million |
| Goodman Group (GMG) | $8.62 Billion | 9.02% | 0.47x | $43.35 Billion |
| GPT Group (GPT) | $10.88 Billion | -1.96% | 0.41x | $6.52 Billion |
| HMC Capital Ltd (HMC) | $1.88 Billion | 7.83% | 0.16x | $729.88 Million |
| Stockland (SGP) | $8.23 Billion | 5.92% | 0.77x | $6.94 Billion |
About Mirvac Group
Mirvac Group is an Australian Securities Exchange (ASX) listed company, with an integrated asset creation and curation capability. We own and manage assets across office, retail, industrial and the living sectors in our investment portfolio, with approximately $22 billion of assets under management. Our development activities span commercial and mixed-use and residential, with a development pipel… Read more