Michael Hill International Ltd
Michael Hill International Limited operates in the retail sale of jewellery and related services sector in Australia, New Zealand, and Canada. It offers rings, earrings, charms, bracelets and bangles, necklaces and pendants, chains, watches, gemstones, anklets, and gifts, as well as birthstones. The company also provides professional care plans and diamond warranty services; and financial solutio… Read more
Michael Hill International Ltd (MHJ) - Net Assets
Latest net assets as of June 2025: AU$183.72 Million AUD
Based on the latest financial reports, Michael Hill International Ltd (MHJ) has net assets worth AU$183.72 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$558.19 Million) and total liabilities (AU$374.48 Million). 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$183.72 Million |
| % of Total Assets | 32.91% |
| Annual Growth Rate | 7.28% |
| 5-Year Change | -11.59% |
| 10-Year Change | -6.03% |
| Growth Volatility | 14.64 |
Michael Hill International Ltd - Net Assets Trend (1995–2025)
This chart illustrates how Michael Hill International 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 Michael Hill International Ltd (1995–2025)
The table below shows the annual net assets of Michael Hill International Ltd from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$183.72 Million | +0.75% |
| 2024-06-30 | AU$182.34 Million | -11.17% |
| 2023-06-30 | AU$205.26 Million | -5.11% |
| 2022-06-30 | AU$216.32 Million | +4.10% |
| 2021-06-30 | AU$207.80 Million | +26.23% |
| 2020-06-30 | AU$164.62 Million | -10.98% |
| 2019-06-30 | AU$184.93 Million | -10.36% |
| 2018-06-30 | AU$206.30 Million | -2.82% |
| 2017-06-30 | AU$212.29 Million | +8.58% |
| 2016-06-30 | AU$195.51 Million | +4.21% |
| 2015-06-30 | AU$187.62 Million | +3.50% |
| 2014-06-30 | AU$181.28 Million | -12.37% |
| 2013-06-30 | AU$206.87 Million | +6.43% |
| 2012-06-30 | AU$194.36 Million | +8.96% |
| 2011-06-30 | AU$178.38 Million | +11.54% |
| 2010-06-30 | AU$159.92 Million | +6.98% |
| 2009-06-30 | AU$149.48 Million | +64.27% |
| 2008-06-30 | AU$91.00 Million | +25.51% |
| 2007-06-30 | AU$72.50 Million | -3.02% |
| 2006-06-30 | AU$74.76 Million | +14.33% |
| 2005-06-30 | AU$65.39 Million | +13.51% |
| 2004-06-30 | AU$57.61 Million | +15.10% |
| 2003-06-30 | AU$50.05 Million | -6.15% |
| 2002-06-30 | AU$53.33 Million | +7.59% |
| 2001-06-30 | AU$49.57 Million | +16.39% |
| 2000-06-30 | AU$42.59 Million | +14.94% |
| 1999-06-30 | AU$37.05 Million | +14.65% |
| 1998-06-30 | AU$32.32 Million | +15.33% |
| 1997-06-30 | AU$28.02 Million | +7.33% |
| 1996-06-30 | AU$26.11 Million | +17.06% |
| 1995-06-30 | AU$22.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Michael Hill International 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 1248.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$168.32 Million | 91.62% |
| Common Stock | AU$13.84 Million | 7.53% |
| Other Comprehensive Income | AU$1.56 Million | 0.85% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$183.72 Million | 100.00% |
Michael Hill International Ltd Competitors by Market Cap
The table below lists competitors of Michael Hill International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thuan Duc JSC
VN:TDP
|
$52.66 Million |
|
Pioneer Natural Resources Company
F:PNK
|
$52.66 Million |
|
Odyssey Marine Exploration Inc
NASDAQ:OMEX
|
$52.68 Million |
|
Terra Metals Ltd
AU:TM1
|
$52.68 Million |
|
VST Industries Limited
NSE:VSTIND
|
$52.63 Million |
|
Daechang Forgi
KO:015230
|
$52.62 Million |
|
Drone Delivery Canada Corp
OTCQX:TAKOF
|
$52.61 Million |
|
meerecompany Incorporated
KQ:049950
|
$52.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Michael Hill International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 182,343,750 to 183,718,100, a change of 1,374,350 (0.8%).
- Net income of 2,260,148 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,673,010.
- Other factors decreased equity by 2,558,808.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$2.26 Million | +1.23% |
| Other Comprehensive Income | AU$1.67 Million | +0.91% |
| Other Changes | AU$-2.56 Million | -1.39% |
| Total Change | AU$- | 0.75% |
Book Value vs Market Value Analysis
This analysis compares Michael Hill International 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: 0.97x
- 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 increased from 0.78x to 0.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-06-30 | AU$0.58 | AU$0.45 | x |
| 1996-06-30 | AU$0.68 | AU$0.45 | x |
| 1997-06-30 | AU$0.73 | AU$0.45 | x |
| 1998-06-30 | AU$0.84 | AU$0.45 | x |
| 1999-06-30 | AU$0.96 | AU$0.45 | x |
| 2000-06-30 | AU$0.91 | AU$0.45 | x |
| 2001-06-30 | AU$1.29 | AU$0.45 | x |
| 2002-06-30 | AU$1.38 | AU$0.45 | x |
| 2003-06-30 | AU$0.65 | AU$0.45 | x |
| 2004-06-30 | AU$0.75 | AU$0.45 | x |
| 2005-06-30 | AU$0.85 | AU$0.45 | x |
| 2006-06-30 | AU$0.96 | AU$0.45 | x |
| 2007-06-30 | AU$0.93 | AU$0.45 | x |
| 2008-06-30 | AU$0.24 | AU$0.45 | x |
| 2009-06-30 | AU$0.39 | AU$0.45 | x |
| 2010-06-30 | AU$0.42 | AU$0.45 | x |
| 2011-06-30 | AU$0.46 | AU$0.45 | x |
| 2012-06-30 | AU$0.51 | AU$0.45 | x |
| 2013-06-30 | AU$0.53 | AU$0.45 | x |
| 2014-06-30 | AU$0.47 | AU$0.45 | x |
| 2015-06-30 | AU$0.49 | AU$0.45 | x |
| 2016-06-30 | AU$0.51 | AU$0.45 | x |
| 2017-06-30 | AU$0.55 | AU$0.45 | x |
| 2018-06-30 | AU$0.53 | AU$0.45 | x |
| 2019-06-30 | AU$0.48 | AU$0.45 | x |
| 2020-06-30 | AU$0.42 | AU$0.45 | x |
| 2021-06-30 | AU$0.53 | AU$0.45 | x |
| 2022-06-30 | AU$0.55 | AU$0.45 | x |
| 2023-06-30 | AU$0.52 | AU$0.45 | x |
| 2024-06-30 | AU$0.48 | AU$0.45 | x |
| 2025-06-30 | AU$0.46 | AU$0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Michael Hill International 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): 1.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.33%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 3.04x
- Recent ROE (1.23%) is below the historical average (17.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 18.88% | 4.80% | 1.81x | 2.17x | AU$1.98 Million |
| 1996 | 20.36% | 4.83% | 2.01x | 2.09x | AU$2.71 Million |
| 1997 | 18.39% | 4.36% | 2.07x | 2.03x | AU$2.35 Million |
| 1998 | 22.25% | 0.00% | 0.00x | 1.96x | AU$3.96 Million |
| 1999 | 23.68% | 0.00% | 0.00x | 2.01x | AU$5.07 Million |
| 2000 | 28.50% | 5.46% | 2.21x | 2.36x | AU$6.45 Million |
| 2001 | 20.25% | 5.31% | 2.07x | 1.84x | AU$5.08 Million |
| 2002 | 23.83% | 5.91% | 2.23x | 1.81x | AU$7.37 Million |
| 2003 | 23.12% | 5.12% | 2.07x | 2.18x | AU$6.57 Million |
| 2004 | 26.14% | 6.36% | 1.93x | 2.13x | AU$9.30 Million |
| 2005 | 25.25% | 6.07% | 2.09x | 1.99x | AU$9.97 Million |
| 2006 | 21.10% | 5.15% | 1.76x | 2.33x | AU$8.30 Million |
| 2007 | 28.99% | 6.03% | 2.26x | 2.13x | AU$13.77 Million |
| 2008 | 27.73% | 6.70% | 1.84x | 2.25x | AU$16.13 Million |
| 2009 | 11.10% | 4.03% | 1.66x | 1.66x | AU$1.64 Million |
| 2010 | 16.58% | 5.98% | 1.71x | 1.62x | AU$10.52 Million |
| 2011 | 19.34% | 7.05% | 1.67x | 1.64x | AU$16.66 Million |
| 2012 | 18.79% | 7.14% | 1.58x | 1.67x | AU$17.08 Million |
| 2013 | 19.35% | 7.29% | 1.58x | 1.68x | AU$19.35 Million |
| 2014 | 13.81% | 4.82% | 1.53x | 1.87x | AU$6.91 Million |
| 2015 | 14.79% | 4.90% | 1.61x | 1.87x | AU$8.99 Million |
| 2016 | 10.50% | 3.57% | 1.43x | 2.06x | AU$982.81K |
| 2017 | 16.15% | 5.62% | 1.49x | 1.92x | AU$13.05 Million |
| 2018 | 2.44% | 0.80% | 1.53x | 1.98x | AU$-15.60 Million |
| 2019 | 9.33% | 2.91% | 1.49x | 2.15x | AU$-1.23 Million |
| 2020 | 1.99% | 0.63% | 0.97x | 3.26x | AU$-13.19 Million |
| 2021 | 23.44% | 8.19% | 1.09x | 2.63x | AU$27.92 Million |
| 2022 | 23.94% | 7.88% | 1.16x | 2.62x | AU$30.16 Million |
| 2023 | 18.65% | 5.59% | 1.15x | 2.90x | AU$17.76 Million |
| 2024 | -0.29% | -0.07% | 1.18x | 3.27x | AU$-18.76 Million |
| 2025 | 1.23% | 0.33% | 1.24x | 3.04x | AU$-16.11 Million |
Industry Comparison
This section compares Michael Hill International Ltd's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $925,402
- Average return on equity (ROE) among peers: -90.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Michael Hill International Ltd (MHJ) | AU$183.72 Million | 18.88% | 2.04x | $52.63 Million |
| Cettire Ltd (CTT) | $925.40K | -90.34% | 3.10x | $30.15 Million |