Mirrabooka Investments Ltd (MIR) - Net Assets
Based on the latest financial reports, Mirrabooka Investments Ltd (MIR) has net assets worth AU$588.51 Million AUD (≈ $416.41 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$636.51 Million ≈ $450.37 Million USD) and total liabilities (AU$48.01 Million ≈ $33.97 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 Mirrabooka Investments Ltd (MIR) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$588.51 Million |
| % of Total Assets | 92.46% |
| Annual Growth Rate | 7.48% |
| 5-Year Change | 27.87% |
| 10-Year Change | 72.05% |
| Growth Volatility | 16.72 |
Mirrabooka Investments Ltd - Net Assets Trend (1999–2026)
This chart illustrates how Mirrabooka Investments Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Mirrabooka Investments Ltd market capitalisation.
Annual Net Assets for Mirrabooka Investments Ltd (1999–2026)
The table below shows the annual net assets of Mirrabooka Investments Ltd from 1999 to 2026. Also explore Mirrabooka Investments Ltd (MIR) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | AU$588.51 Million ≈ $416.41 Million |
-11.14% |
| 2025-06-30 | AU$662.25 Million ≈ $468.58 Million |
+20.90% |
| 2024-06-30 | AU$547.77 Million ≈ $387.58 Million |
+8.59% |
| 2023-06-30 | AU$504.42 Million ≈ $356.91 Million |
+9.60% |
| 2022-06-30 | AU$460.23 Million ≈ $325.64 Million |
-11.11% |
| 2021-06-30 | AU$517.77 Million ≈ $366.36 Million |
+48.32% |
| 2020-06-30 | AU$349.10 Million ≈ $247.01 Million |
+1.17% |
| 2019-06-30 | AU$345.05 Million ≈ $244.14 Million |
-4.59% |
| 2018-06-30 | AU$361.65 Million ≈ $255.89 Million |
+5.73% |
| 2017-06-30 | AU$342.05 Million ≈ $242.02 Million |
+2.35% |
| 2016-06-30 | AU$334.21 Million ≈ $236.48 Million |
+13.83% |
| 2015-06-30 | AU$293.61 Million ≈ $207.75 Million |
-2.60% |
| 2014-06-30 | AU$301.44 Million ≈ $213.28 Million |
+13.92% |
| 2013-06-30 | AU$264.59 Million ≈ $187.22 Million |
+12.37% |
| 2012-06-30 | AU$235.47 Million ≈ $166.61 Million |
-1.27% |
| 2011-06-30 | AU$238.49 Million ≈ $168.75 Million |
+15.21% |
| 2010-06-30 | AU$207.00 Million ≈ $146.46 Million |
+11.20% |
| 2009-06-30 | AU$186.15 Million ≈ $131.71 Million |
-18.18% |
| 2008-06-30 | AU$227.52 Million ≈ $160.98 Million |
-13.99% |
| 2007-06-30 | AU$264.54 Million ≈ $187.18 Million |
+33.49% |
| 2006-06-30 | AU$198.17 Million ≈ $140.22 Million |
-1.06% |
| 2005-06-30 | AU$200.29 Million ≈ $141.72 Million |
+27.12% |
| 2004-06-30 | AU$157.55 Million ≈ $111.48 Million |
+53.25% |
| 2003-06-30 | AU$102.81 Million ≈ $72.74 Million |
+7.03% |
| 2002-06-30 | AU$96.05 Million ≈ $67.96 Million |
-2.45% |
| 2001-06-30 | AU$98.47 Million ≈ $69.67 Million |
+5.22% |
| 2000-06-30 | AU$93.58 Million ≈ $66.22 Million |
+11.53% |
| 1999-06-30 | AU$83.91 Million ≈ $59.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Mirrabooka Investments 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 7609800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$75.91 Million | 12.90% |
| Common Stock | AU$397.96 Million | 67.62% |
| Other Comprehensive Income | AU$114.64 Million | 19.48% |
| Total Equity | AU$588.51 Million | 100.00% |
Mirrabooka Investments Ltd Competitors by Market Cap
The table below lists competitors of Mirrabooka Investments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Datang Corporation Renewable Power Co. Limited
STU:DT7
|
$377.20 Million |
|
Proact IT Group AB
ST:PACT
|
$377.25 Million |
|
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares
NASDAQ:ANSC
|
$377.29 Million |
|
Inzone Group Co Ltd
SHG:600858
|
$377.47 Million |
|
Fujian Jinsen Forestry Co Ltd
SHE:002679
|
$376.72 Million |
|
Kits Eyecare Ltd
TO:KITS
|
$376.69 Million |
|
Rechi Precision Co Ltd
TW:4532
|
$376.65 Million |
|
Escar Turizm Tasimacilik Ticaret AS
IS:ESCAR
|
$376.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirrabooka Investments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 662,248,000 to 588,506,000, a change of -73,742,000 (-11.1%).
- Net income of 12,961,000 contributed positively to equity growth.
- Dividend payments of 20,272,000 reduced retained earnings.
- Other comprehensive income decreased equity by 27,795,000.
- Other factors decreased equity by 38,636,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$12.96 Million | +2.2% |
| Dividends Paid | AU$20.27 Million | -3.44% |
| Other Comprehensive Income | AU$-27.80 Million | -4.72% |
| Other Changes | AU$-38.64 Million | -6.57% |
| Total Change | AU$- | -11.14% |
Book Value vs Market Value Analysis
This analysis compares Mirrabooka Investments 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: 0.90x
- 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 2.53x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-06-30 | AU$0.94 | AU$2.38 | x |
| 2000-06-30 | AU$1.05 | AU$2.38 | x |
| 2001-06-30 | AU$1.10 | AU$2.38 | x |
| 2002-06-30 | AU$1.08 | AU$2.38 | x |
| 2003-06-30 | AU$1.14 | AU$2.38 | x |
| 2004-06-30 | AU$1.48 | AU$2.38 | x |
| 2005-06-30 | AU$1.72 | AU$2.38 | x |
| 2006-06-30 | AU$1.70 | AU$2.38 | x |
| 2007-06-30 | AU$2.26 | AU$2.38 | x |
| 2008-06-30 | AU$1.90 | AU$2.38 | x |
| 2009-06-30 | AU$1.50 | AU$2.38 | x |
| 2010-06-30 | AU$1.65 | AU$2.38 | x |
| 2011-06-30 | AU$1.78 | AU$2.38 | x |
| 2012-06-30 | AU$1.73 | AU$2.38 | x |
| 2013-06-30 | AU$1.92 | AU$2.38 | x |
| 2014-06-30 | AU$2.17 | AU$2.38 | x |
| 2015-06-30 | AU$2.08 | AU$2.38 | x |
| 2016-06-30 | AU$2.23 | AU$2.38 | x |
| 2017-06-30 | AU$2.19 | AU$2.38 | x |
| 2018-06-30 | AU$2.29 | AU$2.38 | x |
| 2019-06-30 | AU$2.16 | AU$2.38 | x |
| 2020-06-30 | AU$2.16 | AU$2.38 | x |
| 2021-06-30 | AU$3.11 | AU$2.38 | x |
| 2022-06-30 | AU$2.57 | AU$2.38 | x |
| 2023-06-30 | AU$2.64 | AU$2.38 | x |
| 2024-06-30 | AU$2.84 | AU$2.38 | x |
| 2025-06-30 | AU$3.38 | AU$2.38 | x |
| 2026-06-30 | AU$2.63 | AU$2.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirrabooka Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 68.13%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.08x
- Recent ROE (2.20%) is below the historical average (3.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -0.22% | 0.00% | 0.00x | 1.01x | AU$-8.58 Million |
| 2000 | 3.10% | 0.00% | 0.00x | 1.15x | AU$-6.46 Million |
| 2001 | 3.07% | 0.00% | -0.01x | 1.14x | AU$-6.83 Million |
| 2002 | 2.81% | 69.38% | 0.04x | 1.04x | AU$-6.90 Million |
| 2003 | 2.87% | 73.05% | 0.04x | 1.01x | AU$-7.33 Million |
| 2004 | 2.66% | 72.06% | 0.04x | 1.01x | AU$-11.57 Million |
| 2005 | 3.28% | 87.63% | 0.04x | 1.03x | AU$-13.47 Million |
| 2006 | 10.30% | 70.30% | 0.12x | 1.18x | AU$585.30K |
| 2007 | 9.26% | 74.62% | 0.10x | 1.22x | AU$-1.95 Million |
| 2008 | 12.79% | 65.38% | 0.17x | 1.14x | AU$6.34 Million |
| 2009 | -3.63% | -57.12% | 0.06x | 1.02x | AU$-25.37 Million |
| 2010 | 4.80% | 73.65% | 0.06x | 1.06x | AU$-10.75 Million |
| 2011 | 4.55% | 75.64% | 0.06x | 1.09x | AU$-12.99 Million |
| 2012 | 5.43% | 75.39% | 0.07x | 1.09x | AU$-10.76 Million |
| 2013 | 3.88% | 77.81% | 0.04x | 1.13x | AU$-16.19 Million |
| 2014 | 2.60% | 75.67% | 0.03x | 1.16x | AU$-22.32 Million |
| 2015 | 2.42% | 72.22% | 0.03x | 1.14x | AU$-22.25 Million |
| 2016 | 2.65% | 75.83% | 0.03x | 1.13x | AU$-24.58 Million |
| 2017 | 2.21% | 74.74% | 0.03x | 1.12x | AU$-26.64 Million |
| 2018 | 2.86% | 84.70% | 0.03x | 1.14x | AU$-25.81 Million |
| 2019 | 2.58% | 84.86% | 0.03x | 1.14x | AU$-25.59 Million |
| 2020 | 1.83% | 80.80% | 0.02x | 1.13x | AU$-28.52 Million |
| 2021 | 1.24% | 65.38% | 0.02x | 1.19x | AU$-45.34 Million |
| 2022 | 1.46% | 65.65% | 0.02x | 1.12x | AU$-39.30 Million |
| 2023 | 2.24% | 68.39% | 0.03x | 1.13x | AU$-39.13 Million |
| 2024 | 1.96% | 77.31% | 0.02x | 1.14x | AU$-44.05 Million |
| 2025 | 1.20% | 63.41% | 0.02x | 1.13x | AU$-58.30 Million |
| 2026 | 2.20% | 68.13% | 0.03x | 1.08x | AU$-45.89 Million |
Industry Comparison
This section compares Mirrabooka Investments Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $929,378,316
- Average return on equity (ROE) among peers: 11.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirrabooka Investments Ltd (MIR) | AU$588.51 Million | -0.22% | 0.08x | $376.98 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $97.27 Million | 3.12% | 0.02x | $57.41 Million |
| Australian Ethical Investment Ltd (AEF) | $15.31 Million | 33.19% | 0.51x | $333.44 Million |
| Australian Foundation Investment Company Ltd (AFI) | $1.92 Billion | 4.89% | 0.10x | $5.73 Billion |
| Alternative Investment Trust (AIQ) | $0.00 | 0.00% | 0.00x | $33.44 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $417.88 Million | 2.30% | 0.04x | $329.25 Million |
| Amcil Ltd (AMH) | $3.45 Billion | -1.39% | 0.80x | $199.18 Million |
| Associate Global Partners Ltd (APL) | $864.08K | 9.22% | 0.04x | $10.38 Million |
| Ariadne Australia Ltd (ARA) | $179.97 Million | 43.89% | 0.05x | $64.62 Million |
| ARC Funds Ltd (ARC) | $7.44 Million | 17.23% | 0.01x | $3.50 Million |
| Argo Investments Ltd (ARG) | $3.21 Billion | 5.21% | 0.09x | $4.93 Billion |
About Mirrabooka Investments Ltd
Mirrabooka Investments Limited is a publicly owned investment manager. It invests in the public equity markets of Australia and New Zealand. The firm primarily invests in value stocks of small-cap and mid-cap companies, targeting companies which fall outside the top 50 listed companies, by market capitalization, on the Australian Stock Exchange. It employs fundamental analysis with a bottom-up st… Read more