Mcmillan Shakespeare Ltd
McMillan Shakespeare Limited provides salary packaging, novated leasing, disability plan management, support co-ordination, asset management, and related financial products and services in Australia and New Zealand. It operates through Group Remuneration Services, Asset Management Services, and Plan and Support Services segments. The Group Remuneration Services segment offers salary packaging and… Read more
Mcmillan Shakespeare Ltd (MMS) - Net Assets
Latest net assets as of June 2025: AU$112.79 Million AUD
Based on the latest financial reports, Mcmillan Shakespeare Ltd (MMS) has net assets worth AU$112.79 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$1.48 Billion) and total liabilities (AU$1.37 Billion). 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$112.79 Million |
| % of Total Assets | 7.62% |
| Annual Growth Rate | 9.05% |
| 5-Year Change | -58.1% |
| 10-Year Change | -69.56% |
| Growth Volatility | 25.06 |
Mcmillan Shakespeare Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Mcmillan Shakespeare 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 Mcmillan Shakespeare Ltd (2003–2025)
The table below shows the annual net assets of Mcmillan Shakespeare Ltd from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$112.79 Million | -12.46% |
| 2024-06-30 | AU$128.84 Million | -11.49% |
| 2023-06-30 | AU$145.58 Million | -50.05% |
| 2022-06-30 | AU$291.43 Million | +8.26% |
| 2021-06-30 | AU$269.19 Million | +17.61% |
| 2020-06-30 | AU$228.89 Million | -38.37% |
| 2019-06-30 | AU$371.37 Million | 0.00% |
| 2018-06-30 | AU$371.38 Million | +0.10% |
| 2017-06-30 | AU$371.00 Million | +0.13% |
| 2016-06-30 | AU$370.50 Million | +16.35% |
| 2015-06-30 | AU$318.44 Million | +42.26% |
| 2014-06-30 | AU$223.85 Million | +14.54% |
| 2013-06-30 | AU$195.44 Million | +16.30% |
| 2012-06-30 | AU$168.05 Million | +46.75% |
| 2011-06-30 | AU$114.51 Million | +28.07% |
| 2010-06-30 | AU$89.42 Million | +55.77% |
| 2009-06-30 | AU$57.40 Million | +19.08% |
| 2008-06-30 | AU$48.21 Million | +19.72% |
| 2007-06-30 | AU$40.27 Million | +19.61% |
| 2006-06-30 | AU$33.66 Million | +40.32% |
| 2005-06-30 | AU$23.99 Million | +32.54% |
| 2004-06-30 | AU$18.10 Million | +3.29% |
| 2003-12-31 | AU$17.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mcmillan Shakespeare 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 2712850.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$54.26 Million | 48.10% |
| Common Stock | AU$68.60 Million | 60.82% |
| Other Comprehensive Income | AU$-10.06 Million | -8.92% |
| Total Equity | AU$112.79 Million | 100.00% |
Mcmillan Shakespeare Ltd Competitors by Market Cap
The table below lists competitors of Mcmillan Shakespeare Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vgi Partners Global Investments Ltd
AU:VG1
|
$491.32 Million |
|
Mutares SE & Co. KGaA
XETRA:MUX
|
$491.41 Million |
|
Ingram Micro Holding Corporation
NYSE:INGM
|
$491.62 Million |
|
Shanghai Hugong Elec(Group)
SHG:603131
|
$491.70 Million |
|
Arjo AB (publ)
PINK:ARRJF
|
$491.29 Million |
|
Maitri Health Technologies Corp
PINK:MHTCF
|
$491.23 Million |
|
JLGRF
PINK:JLGRF
|
$491.18 Million |
|
PayPoint plc
OTCGREY:PYPTF
|
$490.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mcmillan Shakespeare Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 128,844,000 to 112,793,000, a change of -16,051,000 (-12.5%).
- Net income of 95,337,000 contributed positively to equity growth.
- Dividend payments of 103,768,000 reduced retained earnings.
- Share repurchases of 3,062,000 reduced equity.
- Other comprehensive income decreased equity by 7,620,000.
- Other factors increased equity by 3,062,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$95.34 Million | +84.52% |
| Dividends Paid | AU$103.77 Million | -92.0% |
| Share Repurchases | AU$3.06 Million | -2.71% |
| Other Comprehensive Income | AU$-7.62 Million | -6.76% |
| Other Changes | AU$3.06 Million | +2.71% |
| Total Change | AU$- | -12.46% |
Book Value vs Market Value Analysis
This analysis compares Mcmillan Shakespeare 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: 8.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 31.84x to 8.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | AU$0.43 | AU$13.80 | x |
| 2005-06-30 | AU$0.36 | AU$13.80 | x |
| 2006-06-30 | AU$0.50 | AU$13.80 | x |
| 2007-06-30 | AU$0.59 | AU$13.80 | x |
| 2008-06-30 | AU$0.71 | AU$13.80 | x |
| 2009-06-30 | AU$0.85 | AU$13.80 | x |
| 2010-06-30 | AU$1.32 | AU$13.80 | x |
| 2011-06-30 | AU$1.61 | AU$13.80 | x |
| 2012-06-30 | AU$2.29 | AU$13.80 | x |
| 2013-06-30 | AU$2.57 | AU$13.80 | x |
| 2014-06-30 | AU$2.96 | AU$13.80 | x |
| 2015-06-30 | AU$4.10 | AU$13.80 | x |
| 2016-06-30 | AU$4.45 | AU$13.80 | x |
| 2017-06-30 | AU$4.45 | AU$13.80 | x |
| 2018-06-30 | AU$4.42 | AU$13.80 | x |
| 2019-06-30 | AU$4.37 | AU$13.80 | x |
| 2020-06-30 | AU$2.87 | AU$13.80 | x |
| 2021-06-30 | AU$3.45 | AU$13.80 | x |
| 2022-06-30 | AU$3.75 | AU$13.80 | x |
| 2023-06-30 | AU$2.01 | AU$13.80 | x |
| 2024-06-30 | AU$1.84 | AU$13.80 | x |
| 2025-06-30 | AU$1.61 | AU$13.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mcmillan Shakespeare 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): 84.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.89%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 13.12x
- Recent ROE (84.52%) is above the historical average (29.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 26.59% | 18.25% | 0.70x | 2.10x | AU$2.91 Million |
| 2004 | 3.60% | 14721.74% | 0.00x | 2.03x | AU$-1.16 Million |
| 2005 | 21.07% | 14.21% | 0.72x | 2.06x | AU$2.65 Million |
| 2006 | 33.58% | 23.44% | 0.96x | 1.49x | AU$7.94 Million |
| 2007 | 32.87% | 24.72% | 0.99x | 1.34x | AU$9.21 Million |
| 2008 | 36.03% | 26.40% | 1.04x | 1.32x | AU$12.55 Million |
| 2009 | 35.75% | 27.00% | 1.02x | 1.30x | AU$14.78 Million |
| 2010 | 50.28% | 34.32% | 0.46x | 3.20x | AU$36.02 Million |
| 2011 | 37.95% | 16.06% | 0.90x | 2.62x | AU$32.01 Million |
| 2012 | 32.31% | 18.06% | 0.77x | 2.33x | AU$37.50 Million |
| 2013 | 31.81% | 18.99% | 0.73x | 2.29x | AU$42.62 Million |
| 2014 | 24.56% | 15.82% | 0.66x | 2.34x | AU$32.59 Million |
| 2015 | 21.19% | 17.32% | 0.50x | 2.44x | AU$35.64 Million |
| 2016 | 22.26% | 16.34% | 0.59x | 2.30x | AU$45.42 Million |
| 2017 | 18.30% | 12.97% | 0.62x | 2.29x | AU$30.80 Million |
| 2018 | 13.53% | 9.22% | 0.63x | 2.32x | AU$13.12 Million |
| 2019 | 17.14% | 11.58% | 0.64x | 2.30x | AU$26.52 Million |
| 2020 | 0.55% | 0.26% | 0.72x | 3.00x | AU$-21.62 Million |
| 2021 | 22.68% | 11.22% | 0.79x | 2.55x | AU$34.15 Million |
| 2022 | 24.14% | 11.84% | 0.53x | 3.84x | AU$41.21 Million |
| 2023 | 22.17% | 6.96% | 0.44x | 7.21x | AU$17.71 Million |
| 2024 | 64.84% | 16.04% | 0.40x | 10.11x | AU$70.66 Million |
| 2025 | 84.52% | 21.89% | 0.29x | 13.12x | AU$84.06 Million |
Industry Comparison
This section compares Mcmillan Shakespeare Ltd's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $67,503,376
- Average return on equity (ROE) among peers: -45.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mcmillan Shakespeare Ltd (MMS) | AU$112.79 Million | 26.59% | 12.12x | $491.30 Million |
| Ashley Services Group Ltd (ASH) | $335.04 Million | 3.46% | 0.80x | $6.04 Million |
| GO2 People Ltd (GO2) | $1.35 Million | -156.69% | 8.18x | $734.82K |
| Hitech Group Australia Ltd (HIT) | $6.32 Million | 57.56% | 0.76x | $8.14 Million |
| Hiremii Ltd (HMI) | $1.24 Million | -124.01% | 3.77x | $994.30K |
| Ignite Ltd (IGN) | $24.53 Million | -46.17% | 0.92x | $1.77 Million |
| Peoplein Ltd (PPE) | $36.53 Million | -5.74% | 0.73x | $38.45 Million |