Nobleoak Life Ltd
NobleOak Life Limited engages in underwriting life insurance products in Australia. It offers life, income protection, total and permanent disability, death, trauma, business expenses, and self-managed super fund insurance plans. The company sells its insurance products through direct-to-market and strategic partner channels. The company was formerly known as United Ancient Order of Druids Friend… Read more
Nobleoak Life Ltd (NOL) - Net Assets
Latest net assets as of June 2025: AU$88.94 Million AUD
Based on the latest financial reports, Nobleoak Life Ltd (NOL) has net assets worth AU$88.94 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$567.29 Million) and total liabilities (AU$478.36 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$88.94 Million |
| % of Total Assets | 15.68% |
| Annual Growth Rate | 17.4% |
| 5-Year Change | 5.1% |
| 10-Year Change | N/A |
| Growth Volatility | 27.28 |
Nobleoak Life Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Nobleoak Life 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 Nobleoak Life Ltd (2016–2024)
The table below shows the annual net assets of Nobleoak Life Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$88.94 Million | +24.55% |
| 2023-12-31 | AU$71.41 Million | -40.41% |
| 2022-12-31 | AU$119.84 Million | +7.35% |
| 2021-12-31 | AU$111.63 Million | +31.92% |
| 2020-12-31 | AU$84.62 Million | +32.18% |
| 2019-12-31 | AU$64.02 Million | +25.68% |
| 2018-12-31 | AU$50.94 Million | +27.66% |
| 2017-12-31 | AU$39.90 Million | +61.92% |
| 2016-12-31 | AU$24.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nobleoak Life 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 decreased by 7150.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$106.35 Million | 119.58% |
| Other Comprehensive Income | AU$1.57 Million | 1.76% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$88.94 Million | 100.00% |
Nobleoak Life Ltd Competitors by Market Cap
The table below lists competitors of Nobleoak Life Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hennessy Ad
NASDAQ:HNNA
|
$42.84 Million |
|
VenueG Co. Ltd
KQ:019010
|
$42.84 Million |
|
Kross Ltd
NSE:KROSS
|
$42.85 Million |
|
Quantum Graphite Limited
OTCGREY:VLQCF
|
$42.85 Million |
|
PT Surya Pertiwi Tbk
JK:SPTO
|
$42.82 Million |
|
Graphene Manufacturing Group Ltd
OTCQX:GMGMF
|
$42.81 Million |
|
Sungmoon Electronics Co Ltd
KO:014915
|
$42.80 Million |
|
Mobix Labs Inc
NASDAQ:MOBX
|
$42.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nobleoak Life Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 71,407,000 to 88,937,000, a change of 17,530,000 (24.5%).
- Net income of 7,116,000 contributed positively to equity growth.
- Share repurchases of 9,500,000 reduced equity.
- Other comprehensive income increased equity by 464,999.
- Other factors increased equity by 19,449,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$7.12 Million | +8.0% |
| Share Repurchases | AU$9.50 Million | -10.68% |
| Other Comprehensive Income | AU$465.00K | +0.52% |
| Other Changes | AU$19.45 Million | +21.87% |
| Total Change | AU$- | 24.55% |
Book Value vs Market Value Analysis
This analysis compares Nobleoak Life 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: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.40x to 1.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | AU$0.30 | AU$1.30 | x |
| 2017-12-31 | AU$0.48 | AU$1.30 | x |
| 2018-12-31 | AU$0.55 | AU$1.30 | x |
| 2019-12-31 | AU$0.77 | AU$1.30 | x |
| 2020-12-31 | AU$1.01 | AU$1.30 | x |
| 2021-12-31 | AU$1.29 | AU$1.30 | x |
| 2022-12-31 | AU$1.36 | AU$1.30 | x |
| 2023-12-31 | AU$0.81 | AU$1.30 | x |
| 2024-12-31 | AU$0.97 | AU$1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nobleoak Life Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 6.38x
- Recent ROE (8.00%) is above the historical average (7.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.73% | 11.97% | 0.26x | 2.15x | AU$-806.24K |
| 2017 | 8.16% | 13.95% | 0.64x | 0.91x | AU$-734.41K |
| 2018 | 8.74% | 12.27% | 0.62x | 1.15x | AU$-582.68K |
| 2019 | 11.93% | 14.35% | 0.93x | 0.89x | AU$1.23 Million |
| 2020 | 5.79% | 8.00% | 0.84x | 0.86x | AU$-3.56 Million |
| 2021 | 1.51% | 2.23% | 0.62x | 1.08x | AU$-9.48 Million |
| 2022 | 6.67% | 2.33% | 1.37x | 2.10x | AU$-3.99 Million |
| 2023 | 13.00% | 2.40% | 0.83x | 6.49x | AU$2.14 Million |
| 2024 | 8.00% | 5.74% | 0.22x | 6.38x | AU$-1.78 Million |
Industry Comparison
This section compares Nobleoak Life Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $349,799,000
- Average return on equity (ROE) among peers: 2.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nobleoak Life Ltd (NOL) | AU$88.94 Million | 6.73% | 5.38x | $42.82 Million |
| Clearview Wealth Ltd (CVW) | $349.80 Million | 2.34% | 2.05x | $142.55 Million |