Metrics Master Income Trust (MXT) - Net Assets
Based on the latest financial reports, Metrics Master Income Trust (MXT) has net assets worth AU$2.45 Billion AUD (≈ $1.73 Billion 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$2.46 Billion ≈ $1.74 Billion USD) and total liabilities (AU$16.75 Million ≈ $11.85 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 Metrics Master Income Trust tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$2.45 Billion |
| % of Total Assets | 99.32% |
| Annual Growth Rate | 21.45% |
| 5-Year Change | 66.04% |
| 10-Year Change | N/A |
| Growth Volatility | 22.95 |
Metrics Master Income Trust - Net Assets Trend (2017–2025)
This chart illustrates how Metrics Master Income Trust's net assets have evolved over time, based on quarterly financial data. See Metrics Master Income Trust defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Metrics Master Income Trust (2017–2025)
The table below shows the annual net assets of Metrics Master Income Trust from 2017 to 2025. For live valuation and market cap data, see MXT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$2.44 Billion ≈ $1.73 Billion |
+15.19% |
| 2024-06-30 | AU$2.12 Billion ≈ $1.50 Billion |
+20.23% |
| 2023-06-30 | AU$1.76 Billion ≈ $1.25 Billion |
+0.31% |
| 2022-06-30 | AU$1.76 Billion ≈ $1.24 Billion |
+19.52% |
| 2021-06-30 | AU$1.47 Billion ≈ $1.04 Billion |
+15.19% |
| 2020-06-30 | AU$1.28 Billion ≈ $903.94 Million |
+0.28% |
| 2019-06-30 | AU$1.27 Billion ≈ $901.44 Million |
+75.16% |
| 2018-06-30 | AU$727.34 Million ≈ $514.64 Million |
+40.91% |
| 2017-06-30 | AU$516.18 Million ≈ $365.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Metrics Master Income Trust'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 730900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$7.31 Million | 0.30% |
| Common Stock | AU$2.44 Billion | 100.00% |
| Total Equity | AU$2.44 Billion | 100.00% |
Metrics Master Income Trust Competitors by Market Cap
The table below lists competitors of Metrics Master Income Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongsuh
KO:026960
|
$1.65 Billion |
|
MeHow Innovative Ltd. A
SHE:301363
|
$1.65 Billion |
|
Nexwise Intelligence China Limited
SHE:301248
|
$1.65 Billion |
|
Yusys Technologies Co Ltd Class A
SHE:300674
|
$1.65 Billion |
|
Taihan Fiber Optics Co. Ltd
KQ:010170
|
$1.65 Billion |
|
Hainan Haide Industry Co Ltd
SHE:000567
|
$1.65 Billion |
|
Korean Reinsu
KO:003690
|
$1.65 Billion |
|
Essity AB (publ)
ST:ESSITY-A
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metrics Master Income Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,121,211,000 to 2,443,520,000, a change of 322,309,000 (15.2%).
- Net income of 169,605,000 contributed positively to equity growth.
- Dividend payments of 161,402,000 reduced retained earnings.
- Share repurchases of 315,000,000 reduced equity.
- New share issuances of 315,000,000 increased equity.
- Other factors increased equity by 314,106,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$169.60 Million | +6.94% |
| Dividends Paid | AU$161.40 Million | -6.61% |
| Share Repurchases | AU$315.00 Million | -12.89% |
| Share Issuances | AU$315.00 Million | +12.89% |
| Other Changes | AU$314.11 Million | +12.85% |
| Total Change | AU$- | 15.19% |
Book Value vs Market Value Analysis
This analysis compares Metrics Master Income Trust'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: 0.83x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$0.00 | AU$1.90 | x |
| 2018-06-30 | AU$2.49 | AU$1.90 | x |
| 2019-06-30 | AU$3.35 | AU$1.90 | x |
| 2020-06-30 | AU$2.00 | AU$1.90 | x |
| 2021-06-30 | AU$2.25 | AU$1.90 | x |
| 2022-06-30 | AU$2.28 | AU$1.90 | x |
| 2023-06-30 | AU$2.29 | AU$1.90 | x |
| 2024-06-30 | AU$2.19 | AU$1.90 | x |
| 2025-06-30 | AU$2.28 | AU$1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metrics Master Income Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.23%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.01x
- Recent ROE (6.94%) is above the historical average (5.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 2.92% | 92.09% | 0.03x | 1.01x | AU$-51.47 Million |
| 2019 | 3.54% | 92.77% | 0.04x | 1.01x | AU$-82.32 Million |
| 2020 | 5.04% | 93.12% | 0.05x | 1.00x | AU$-63.30 Million |
| 2021 | 4.08% | 92.46% | 0.04x | 1.00x | AU$-87.13 Million |
| 2022 | 3.83% | 92.46% | 0.04x | 1.00x | AU$-108.58 Million |
| 2023 | 7.72% | 95.48% | 0.08x | 1.01x | AU$-40.28 Million |
| 2024 | 8.21% | 95.99% | 0.08x | 1.01x | AU$-38.03 Million |
| 2025 | 6.94% | 96.23% | 0.07x | 1.01x | AU$-74.75 Million |
Industry Comparison
This section compares Metrics Master Income Trust'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 |
|---|---|---|---|---|
| Metrics Master Income Trust (MXT) | AU$2.45 Billion | 2.92% | 0.01x | $1.65 Billion |
| 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 Metrics Master Income Trust
Mcp Master Income Trust is based in Australia.