Mirrabooka Investments Ltd (MIR) - Net Assets
Based on the latest financial reports, Mirrabooka Investments Ltd (MIR) has net assets worth AU$661.80 Million AUD (≈ $468.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$739.56 Million ≈ $523.28 Million USD) and total liabilities (AU$77.76 Million ≈ $55.02 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) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$661.80 Million |
| % of Total Assets | 89.49% |
| Annual Growth Rate | 8.27% |
| 5-Year Change | 27.9% |
| 10-Year Change | 98.15% |
| Growth Volatility | 16.57 |
Mirrabooka Investments Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Mirrabooka Investments Ltd's net assets have evolved over time, based on quarterly financial data. See MIR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mirrabooka Investments Ltd (1999–2025)
The table below shows the annual net assets of Mirrabooka Investments Ltd from 1999 to 2025. For live valuation and market cap data, see market cap of Mirrabooka Investments Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 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 12582600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$125.64 Million | 18.97% |
| Common Stock | AU$394.18 Million | 59.52% |
| Other Comprehensive Income | AU$142.43 Million | 21.51% |
| Total Equity | AU$662.25 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 |
|---|---|
|
Medy-Tox Inc
KQ:086900
|
$389.66 Million |
|
TVZone Media Co Ltd
SHG:603721
|
$389.78 Million |
|
Berto Acquisition Corp. Ordinary Shares
NASDAQ:TACO
|
$389.82 Million |
|
FLAT GLASS GROUP H YC-25
F:72T
|
$389.89 Million |
|
HaiXin Foods Co Ltd
SHE:002702
|
$389.55 Million |
|
Locaweb Serviços de Internet S.A.
SA:LWSA3
|
$389.48 Million |
|
BP p.l.c
LSE:BP-B
|
$389.48 Million |
|
Revenio Group Corporation
HE:REG1V
|
$389.39 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 2024 to 2025, total equity changed from 547,769,000 to 662,248,000, a change of 114,479,000 (20.9%).
- Net income of 7,923,000 contributed positively to equity growth.
- Dividend payments of 21,523,000 reduced retained earnings.
- Share repurchases of 85,125,000 reduced equity.
- Other comprehensive income decreased equity by 45,414,000.
- Other factors increased equity by 258,618,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$7.92 Million | +1.2% |
| Dividends Paid | AU$21.52 Million | -3.25% |
| Share Repurchases | AU$85.12 Million | -12.85% |
| Other Comprehensive Income | AU$-45.41 Million | -6.86% |
| Other Changes | AU$258.62 Million | +39.05% |
| Total Change | AU$- | 20.90% |
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: 0.73x
- 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 2.62x to 0.73x 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$2.46 | x |
| 2000-06-30 | AU$1.05 | AU$2.46 | x |
| 2001-06-30 | AU$1.10 | AU$2.46 | x |
| 2002-06-30 | AU$1.08 | AU$2.46 | x |
| 2003-06-30 | AU$1.14 | AU$2.46 | x |
| 2004-06-30 | AU$1.48 | AU$2.46 | x |
| 2005-06-30 | AU$1.72 | AU$2.46 | x |
| 2006-06-30 | AU$1.70 | AU$2.46 | x |
| 2007-06-30 | AU$2.26 | AU$2.46 | x |
| 2008-06-30 | AU$1.90 | AU$2.46 | x |
| 2009-06-30 | AU$1.50 | AU$2.46 | x |
| 2010-06-30 | AU$1.65 | AU$2.46 | x |
| 2011-06-30 | AU$1.78 | AU$2.46 | x |
| 2012-06-30 | AU$1.73 | AU$2.46 | x |
| 2013-06-30 | AU$1.92 | AU$2.46 | x |
| 2014-06-30 | AU$2.17 | AU$2.46 | x |
| 2015-06-30 | AU$2.08 | AU$2.46 | x |
| 2016-06-30 | AU$2.23 | AU$2.46 | x |
| 2017-06-30 | AU$2.19 | AU$2.46 | x |
| 2018-06-30 | AU$2.29 | AU$2.46 | x |
| 2019-06-30 | AU$2.16 | AU$2.46 | x |
| 2020-06-30 | AU$2.16 | AU$2.46 | x |
| 2021-06-30 | AU$3.11 | AU$2.46 | x |
| 2022-06-30 | AU$2.57 | AU$2.46 | x |
| 2023-06-30 | AU$2.64 | AU$2.46 | x |
| 2024-06-30 | AU$2.84 | AU$2.46 | x |
| 2025-06-30 | AU$3.38 | AU$2.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirrabooka Investments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.41%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.13x
- Recent ROE (1.20%) is below the historical average (3.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -0.22% | 0.00% | 0.00x | 1.01x | AU$-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% | 66.27% | 0.02x | 1.12x | AU$-39.30 Million |
| 2023 | 2.24% | 68.76% | 0.03x | 1.13x | AU$-39.13 Million |
| 2024 | 1.96% | 67.44% | 0.03x | 1.14x | AU$-44.05 Million |
| 2025 | 1.20% | 63.41% | 0.02x | 1.13x | AU$-58.30 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: $393,641,219
- Average return on equity (ROE) among peers: -7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirrabooka Investments Ltd (MIR) | AU$661.80 Million | -0.22% | 0.12x | $389.65 Million |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $57.41 Million |
| Australian Ethical Investment Ltd (AEF) | $15.31 Million | 33.19% | 0.51x | $347.14 Million |
| Australian Foundation Investment Company Ltd (AFI) | $2.48 Billion | 4.15% | 0.01x | $5.57 Billion |
| Alternative Investment Trust (AIQ) | $0.00 | 0.00% | 0.00x | $33.69 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $293.69 Million | 2.65% | 0.01x | $313.74 Million |
| Amcil Ltd (AMH) | $335.34 Million | 2.02% | 0.15x | $201.36 Million |
| Associate Global Partners Ltd (APL) | $7.25 Million | -140.95% | 0.39x | $10.18 Million |
| Ariadne Australia Ltd (ARA) | $178.26 Million | 2.41% | 0.11x | $66.00 Million |
| ARC Funds Ltd (ARC) | $5.12 Million | 13.17% | 0.23x | $3.91 Million |
| Argo Investments Ltd (ARG) | $569.85 Million | -0.86% | 0.06x | $4.68 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