Nick Scali Ltd
Nick Scali Limited, together with its subsidiaries, engages in the sourcing and retailing of household furniture and related accessories in Australia, New Zealand, and the United Kingdom. The company offers recliner, leather, fabric, and quick ship sofas, as well as occasional armchairs and ottomans; TV and entertainment units; coffee, side, and console and hallway tables; dining tables and chair… Read more
Nick Scali Ltd (NCK) - Net Assets
Latest net assets as of December 2025: AU$278.00 Million AUD
Based on the latest financial reports, Nick Scali Ltd (NCK) has net assets worth AU$278.00 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$720.35 Million) and total liabilities (AU$442.35 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$278.00 Million |
| % of Total Assets | 38.59% |
| Annual Growth Rate | 17.36% |
| 5-Year Change | 133.87% |
| 10-Year Change | 361.43% |
| Growth Volatility | 17.09 |
Nick Scali Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Nick Scali 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 Nick Scali Ltd (2002–2025)
The table below shows the annual net assets of Nick Scali Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$266.68 Million | +3.45% |
| 2024-06-30 | AU$257.78 Million | +43.28% |
| 2023-06-30 | AU$179.91 Million | +27.66% |
| 2022-06-30 | AU$140.93 Million | +23.59% |
| 2021-06-30 | AU$114.03 Million | +51.20% |
| 2020-06-30 | AU$75.41 Million | -11.47% |
| 2019-06-30 | AU$85.18 Million | +1.82% |
| 2018-06-30 | AU$83.66 Million | +18.87% |
| 2017-06-30 | AU$70.38 Million | +21.78% |
| 2016-06-30 | AU$57.79 Million | +25.02% |
| 2015-06-30 | AU$46.23 Million | +15.19% |
| 2014-06-30 | AU$40.13 Million | +10.45% |
| 2013-06-30 | AU$36.33 Million | +32.83% |
| 2012-06-30 | AU$27.35 Million | +6.70% |
| 2011-06-30 | AU$25.64 Million | +19.62% |
| 2010-06-30 | AU$21.43 Million | +16.32% |
| 2009-06-30 | AU$18.42 Million | +16.42% |
| 2008-06-30 | AU$15.83 Million | -4.20% |
| 2007-06-30 | AU$16.52 Million | +18.58% |
| 2006-06-30 | AU$13.93 Million | +13.21% |
| 2005-06-30 | AU$12.30 Million | +64.86% |
| 2004-06-30 | AU$7.46 Million | +3.58% |
| 2003-06-30 | AU$7.21 Million | +7.30% |
| 2002-06-30 | AU$6.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nick Scali 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 408222.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$204.16 Million | 76.56% |
| Common Stock | AU$62.00 Million | 23.25% |
| Other Comprehensive Income | AU$520.00K | 0.19% |
| Total Equity | AU$266.68 Million | 100.00% |
Nick Scali Ltd Competitors by Market Cap
The table below lists competitors of Nick Scali Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu General Science Tech
SHG:601500
|
$742.02 Million |
|
Lucky Harvest
SHE:002965
|
$742.15 Million |
|
Fomento de Construcciones y Contratas SA
PINK:FMOCF
|
$742.25 Million |
|
Warehouses de Pauw CVA S.C.A.
LSE:0MU2
|
$742.26 Million |
|
Honeywell Automation India Limited
NSE:HONAUT
|
$741.16 Million |
|
Beijing Hualian Hypermarket Co Ltd
SHG:600361
|
$740.42 Million |
|
Cellcom Israel Ltd
PINK:CELJF
|
$740.08 Million |
|
Laobaixing Pharmacy
SHG:603883
|
$739.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nick Scali Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 257,779,000 to 266,678,000, a change of 8,899,000 (3.5%).
- Net income of 57,676,000 contributed positively to equity growth.
- Dividend payments of 53,785,000 reduced retained earnings.
- Share repurchases of 3,785,000 reduced equity.
- New share issuances of 3,785,000 increased equity.
- Other comprehensive income increased equity by 1,222,000.
- Other factors increased equity by 3,786,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$57.68 Million | +21.63% |
| Dividends Paid | AU$53.78 Million | -20.17% |
| Share Repurchases | AU$3.79 Million | -1.42% |
| Share Issuances | AU$3.79 Million | +1.42% |
| Other Comprehensive Income | AU$1.22 Million | +0.46% |
| Other Changes | AU$3.79 Million | +1.42% |
| Total Change | AU$- | 3.45% |
Book Value vs Market Value Analysis
This analysis compares Nick Scali 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: 5.04x
- 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 176.93x to 5.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$0.09 | AU$15.74 | x |
| 2004-06-30 | AU$0.10 | AU$15.74 | x |
| 2005-06-30 | AU$0.15 | AU$15.74 | x |
| 2006-06-30 | AU$0.17 | AU$15.74 | x |
| 2007-06-30 | AU$0.20 | AU$15.74 | x |
| 2008-06-30 | AU$0.20 | AU$15.74 | x |
| 2009-06-30 | AU$0.23 | AU$15.74 | x |
| 2010-06-30 | AU$0.26 | AU$15.74 | x |
| 2011-06-30 | AU$0.32 | AU$15.74 | x |
| 2012-06-30 | AU$0.34 | AU$15.74 | x |
| 2013-06-30 | AU$0.45 | AU$15.74 | x |
| 2014-06-30 | AU$0.50 | AU$15.74 | x |
| 2015-06-30 | AU$0.57 | AU$15.74 | x |
| 2016-06-30 | AU$0.71 | AU$15.74 | x |
| 2017-06-30 | AU$0.87 | AU$15.74 | x |
| 2018-06-30 | AU$1.03 | AU$15.74 | x |
| 2019-06-30 | AU$1.05 | AU$15.74 | x |
| 2020-06-30 | AU$0.93 | AU$15.74 | x |
| 2021-06-30 | AU$1.41 | AU$15.74 | x |
| 2022-06-30 | AU$1.74 | AU$15.74 | x |
| 2023-06-30 | AU$2.22 | AU$15.74 | x |
| 2024-06-30 | AU$3.16 | AU$15.74 | x |
| 2025-06-30 | AU$3.12 | AU$15.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nick Scali 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): 21.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.65%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.65x
- Recent ROE (21.63%) is below the historical average (48.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 90.26% | 15.53% | 2.50x | 2.33x | AU$5.99 Million |
| 2005 | 65.70% | 14.91% | 2.20x | 2.00x | AU$6.85 Million |
| 2006 | 58.19% | 12.55% | 2.64x | 1.75x | AU$6.71 Million |
| 2007 | 52.45% | 11.18% | 2.62x | 1.79x | AU$7.01 Million |
| 2008 | 41.68% | 8.37% | 2.78x | 1.79x | AU$5.01 Million |
| 2009 | 26.15% | 6.21% | 2.41x | 1.75x | AU$2.97 Million |
| 2010 | 52.52% | 11.68% | 2.35x | 1.92x | AU$9.11 Million |
| 2011 | 45.28% | 11.61% | 2.07x | 1.89x | AU$9.04 Million |
| 2012 | 32.99% | 8.25% | 2.03x | 1.97x | AU$6.29 Million |
| 2013 | 44.04% | 12.56% | 1.72x | 2.04x | AU$12.37 Million |
| 2014 | 35.47% | 10.06% | 1.76x | 2.00x | AU$10.22 Million |
| 2015 | 36.94% | 10.96% | 1.62x | 2.08x | AU$12.45 Million |
| 2016 | 45.25% | 12.88% | 1.67x | 2.10x | AU$20.37 Million |
| 2017 | 52.90% | 15.99% | 1.67x | 1.98x | AU$30.20 Million |
| 2018 | 48.98% | 16.34% | 1.46x | 2.05x | AU$32.61 Million |
| 2019 | 49.44% | 15.71% | 1.55x | 2.03x | AU$33.60 Million |
| 2020 | 55.79% | 16.03% | 0.72x | 4.84x | AU$34.53 Million |
| 2021 | 73.88% | 22.58% | 0.85x | 3.83x | AU$72.84 Million |
| 2022 | 53.16% | 16.99% | 0.72x | 4.37x | AU$60.83 Million |
| 2023 | 56.18% | 19.91% | 0.84x | 3.38x | AU$83.09 Million |
| 2024 | 31.27% | 17.22% | 0.66x | 2.73x | AU$54.83 Million |
| 2025 | 21.63% | 11.65% | 0.70x | 2.65x | AU$31.01 Million |
Industry Comparison
This section compares Nick Scali Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $155,648,720
- Average return on equity (ROE) among peers: 50.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nick Scali Ltd (NCK) | AU$278.00 Million | 90.26% | 1.59x | $741.65 Million |
| Adore Beauty Group Ltd (ABY) | $15.36 Million | -8.00% | 1.58x | $16.96 Million |
| Adairs Ltd (ADH) | $140.57 Million | 25.10% | 1.77x | $157.74 Million |
| Bapcor Ltd (BAP) | $722.19 Million | 13.43% | 0.87x | $107.46 Million |
| Baby Bunting Group Ltd (BBN) | $92.72 Million | 8.99% | 0.32x | $116.98 Million |
| Beacon Lighting Group Ltd (BLX) | $38.20 Million | 30.88% | 1.01x | $106.16 Million |
| Cash Converters International (CCV) | $261.70 Million | -8.21% | 0.69x | $64.44 Million |
| Dusk Group Ltd (DSK) | $37.50 Million | 11.38% | 1.34x | $25.59 Million |
| JB Hi-Fi Ltd (JBH) | $229.25 Million | 41.19% | 1.89x | $5.14 Billion |
| Joyce Corporation Ltd (JYC) | $17.60 Million | 4.00% | 3.05x | $40.49 Million |
| Lovisa Holdings Ltd (LOV) | $1.39 Million | 386.86% | 14.64x | $822.49 Million |