The Market Ltd
The Market Limited, together with its subsidiaries, operates a digital business news and investor relations platform in Australia and internationally. It operates through Classifieds and Capital Markets segments. The company operates Gumtree, an Australian online horizontal marketplace; CarsGuide, and auto editorial website featuring new car reviews, news, and advice; and Autotrader, a dedicated … Read more
The Market Ltd (MKT) - Net Assets
Latest net assets as of June 2023: AU$74.48 Million AUD
Based on the latest financial reports, The Market Ltd (MKT) has net assets worth AU$74.48 Million AUD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$167.34 Million) and total liabilities (AU$92.86 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$74.48 Million |
| % of Total Assets | 44.51% |
| Annual Growth Rate | 61.8% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 68.75 |
The Market Ltd - Net Assets Trend (2020–2023)
This chart illustrates how The Market 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 The Market Ltd (2020–2023)
The table below shows the annual net assets of The Market Ltd from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | AU$74.48 Million | +155.47% |
| 2022-06-30 | AU$29.16 Million | -11.89% |
| 2021-06-30 | AU$33.09 Million | +88.01% |
| 2020-06-30 | AU$17.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Market 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 675.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$20.46 Million | 27.46% |
| Other Components | AU$54.03 Million | 72.54% |
| Total Equity | AU$74.48 Million | 100.00% |
The Market Ltd Competitors by Market Cap
The table below lists competitors of The Market Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jeil Pharm
KO:002620
|
$13.28 Million |
|
Kapston Services Limited
NSE:KAPSTON
|
$13.28 Million |
|
Donegal Investment Group PLC
IR:DQ7A
|
$13.28 Million |
|
Sprint Bioscience AB
ST:SPRINT
|
$13.28 Million |
|
Iep Invest
BR:IEP
|
$13.27 Million |
|
OT Logistics S.A
WAR:OTS
|
$13.27 Million |
|
Pennfed Financial Services Inc
OTCQB:PFSB
|
$13.26 Million |
|
Hindustan Composites Limited
NSE:HINDCOMPOS
|
$13.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Market Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 29,155,332 to 74,483,323, a change of 45,327,991 (155.5%).
- Net income of 4,351,829 contributed positively to equity growth.
- New share issuances of 40,939,989 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$4.35 Million | +5.84% |
| Share Issuances | AU$40.94 Million | +54.97% |
| Other Changes | AU$36.17K | +0.05% |
| Total Change | AU$- | 155.47% |
Book Value vs Market Value Analysis
This analysis compares The Market 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: 0.58x
- 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 1.62x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | AU$0.08 | AU$0.14 | x |
| 2021-06-30 | AU$0.15 | AU$0.14 | x |
| 2022-06-30 | AU$0.13 | AU$0.14 | x |
| 2023-06-30 | AU$0.23 | AU$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Market Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.25x
- Recent ROE (5.84%) is below the historical average (7.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 7.36% | 10.77% | 0.30x | 2.31x | AU$-464.24K |
| 2021 | 32.75% | 47.11% | 0.40x | 1.75x | AU$7.53 Million |
| 2022 | -15.85% | -16.57% | 0.56x | 1.72x | AU$-7.54 Million |
| 2023 | 5.84% | 5.33% | 0.49x | 2.25x | AU$-3.10 Million |
Industry Comparison
This section compares The Market Ltd's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $36,748,982
- Average return on equity (ROE) among peers: -211.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Market Ltd (MKT) | AU$74.48 Million | 7.36% | 1.25x | $13.27 Million |
| Airtasker Ltd (ART) | $2.08 Million | -1519.93% | 32.90x | $33.25 Million |
| CAR Group Ltd (CAR) | $277.16 Million | 39.50% | 0.95x | $5.19 Billion |
| Camplify Holdings Ltd (CHL) | $2.01 Million | -115.09% | 2.02x | $6.22 Million |
| Frontier Digital Ventures Ltd (FDV) | $1.91K | 126.62% | 2852.83x | $48.09 Million |
| Frugl Group Ltd (FGL) | $102.13K | -637.30% | 2.14x | $372.39K |
| FMR Resources Ltd (FMR) | $5.10 Million | -21.96% | 0.09x | $4.30 Million |
| Gumtree Australia Markets Ltd (GUM) | $33.09 Million | 32.75% | 0.75x | $11.95 Million |
| Love Group Global Ltd (LVE) | $288.34K | 188.45% | 6.31x | $1.33 Million |
| Rma Global Ltd (RMY) | $10.91 Million | 0.00% | 0.09x | $7.61 Million |