Nobleoak Life Ltd (NOL) - Net Assets

Latest as of June 2025: AU$88.94 Million AUD ≈ $62.93 Million USD

Based on the latest financial reports, Nobleoak Life Ltd (NOL) has net assets worth AU$88.94 Million AUD (≈ $62.93 Million USD) 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 ≈ $401.40 Million USD) and total liabilities (AU$478.36 Million ≈ $338.47 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 NOL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Nobleoak Life Ltd assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Nobleoak Life Ltd (NOL) market capitalisation.

Year	Net Assets	Change
2024-12-31	AU$88.94 Million ≈ $62.93 Million	+24.55%
2023-12-31	AU$71.41 Million ≈ $50.53 Million	-40.41%
2022-12-31	AU$119.84 Million ≈ $84.79 Million	+7.35%
2021-12-31	AU$111.63 Million ≈ $78.99 Million	+31.92%
2020-12-31	AU$84.62 Million ≈ $59.87 Million	+32.18%
2019-12-31	AU$64.02 Million ≈ $45.30 Million	+25.68%
2018-12-31	AU$50.94 Million ≈ $36.04 Million	+27.66%
2017-12-31	AU$39.90 Million ≈ $28.23 Million	+61.92%
2016-12-31	AU$24.64 Million ≈ $17.44 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
Mobix Labs Inc NASDAQ:MOBX	$83.52 Million
GrandTech C.G. Systems TWO:6123	$83.57 Million
AAC Clyde Space AB (publ) ST:AAC	$83.62 Million
Compass Digital Acquisition Corp NASDAQ:CDAQ	$83.68 Million
Dae Young Pkg KO:014160	$83.50 Million
Health In Tech, Inc. Class A Common Stock NASDAQ:HIT	$83.48 Million
Fifth District Bancorp, Inc. Common Stock NASDAQ:FDSB	$83.48 Million
Sigachi Industries Limited NSE:SIGACHI	$83.48 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: 1.31x
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 4.30x to 1.31x 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$1.27	x
2017-12-31	AU$0.48	AU$1.27	x
2018-12-31	AU$0.55	AU$1.27	x
2019-12-31	AU$0.77	AU$1.27	x
2020-12-31	AU$1.01	AU$1.27	x
2021-12-31	AU$1.29	AU$1.27	x
2022-12-31	AU$1.36	AU$1.27	x
2023-12-31	AU$0.81	AU$1.27	x
2024-12-31	AU$0.97	AU$1.27	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: $389,276,500
Average return on equity (ROE) among peers: 1.66%

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	$83.52 Million
Challenger Ltd (CGF)	$536.25 Million	0.00%	0.32x	$4.28 Billion
Clearview Wealth Ltd (CVW)	$242.30 Million	3.31%	6.30x	$280.02 Million

About Nobleoak Life Ltd

AU:NOL Australia Insurance - Life

Market Cap

$83.52 Million

AU$118.04 Million AUD

Market Cap Rank

#19866 Global

#674 in Australia

Share Price

AU$1.27

Change (1 day)

-0.78%

52-Week Range

AU$1.16 - AU$1.63

All Time High

AU$2.42