Pioneer Credit Ltd
Pioneer Credit Limited, together with its subsidiaries, provides financial services in Australia. It acquires and services purchase debt portfolios. The company was incorporated in 2002 and is based in Perth, Australia.
Pioneer Credit Ltd (PNC) - Net Assets
Latest net assets as of December 2025: AU$70.65 Million AUD
Based on the latest financial reports, Pioneer Credit Ltd (PNC) has net assets worth AU$70.65 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$396.51 Million) and total liabilities (AU$325.86 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$70.65 Million |
| % of Total Assets | 17.82% |
| Annual Growth Rate | 17.51% |
| 5-Year Change | 10.82% |
| 10-Year Change | -6.45% |
| Growth Volatility | 74.23 |
Pioneer Credit Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Pioneer Credit 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 Pioneer Credit Ltd (2011–2025)
The table below shows the annual net assets of Pioneer Credit Ltd from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$60.58 Million | +37.08% |
| 2024-06-30 | AU$44.19 Million | +5.39% |
| 2023-06-30 | AU$41.93 Million | +2.07% |
| 2022-06-30 | AU$41.08 Million | -24.86% |
| 2021-06-30 | AU$54.67 Million | -14.52% |
| 2020-06-30 | AU$63.96 Million | -37.75% |
| 2019-06-30 | AU$102.74 Million | +1.01% |
| 2018-06-30 | AU$101.71 Million | +12.66% |
| 2017-06-30 | AU$90.29 Million | +39.43% |
| 2016-06-30 | AU$64.76 Million | +22.46% |
| 2015-06-30 | AU$52.88 Million | +11.08% |
| 2014-06-30 | AU$47.60 Million | +264.07% |
| 2013-06-30 | AU$13.07 Million | -6.67% |
| 2012-06-30 | AU$14.01 Million | +121.38% |
| 2011-06-30 | AU$6.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pioneer Credit 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 85686.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$130.75 Million | 215.82% |
| Other Comprehensive Income | AU$868.00K | 1.43% |
| Total Equity | AU$60.58 Million | 100.00% |
Pioneer Credit Ltd Competitors by Market Cap
The table below lists competitors of Pioneer Credit Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dynacons Systems & Solutions Limited
NSE:DSSL
|
$46.02 Million |
|
Tantalus Systems Holding Inc
OTCQX:TNTLF
|
$46.03 Million |
|
Hedef Girisim Sermayesi
IS:HDFGS
|
$46.05 Million |
|
Signpost India Limited
NSE:SIGNPOST
|
$46.05 Million |
|
MS Autotech Co.Ltd
KQ:123040
|
$46.00 Million |
|
M.I.TECH Co.Ltd
KQ:179290
|
$45.98 Million |
|
Readytech Holdings Ltd
AU:RDY
|
$45.98 Million |
|
CORESTEM Inc
KQ:166480
|
$45.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pioneer Credit Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 44,194,000 to 60,582,000, a change of 16,388,000 (37.1%).
- Net income of 6,664,000 contributed positively to equity growth.
- Share repurchases of 9,194,000 reduced equity.
- New share issuances of 9,427,000 increased equity.
- Other comprehensive income decreased equity by 6,310,000.
- Other factors increased equity by 15,801,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$6.66 Million | +11.0% |
| Share Repurchases | AU$9.19 Million | -15.18% |
| Share Issuances | AU$9.43 Million | +15.56% |
| Other Comprehensive Income | AU$-6.31 Million | -10.42% |
| Other Changes | AU$15.80 Million | +26.08% |
| Total Change | AU$- | 37.08% |
Book Value vs Market Value Analysis
This analysis compares Pioneer Credit 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: 1.97x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.31x to 1.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$2.11 | AU$0.66 | x |
| 2014-06-30 | AU$3.61 | AU$0.66 | x |
| 2015-06-30 | AU$1.16 | AU$0.66 | x |
| 2016-06-30 | AU$1.37 | AU$0.66 | x |
| 2017-06-30 | AU$1.70 | AU$0.66 | x |
| 2018-06-30 | AU$1.60 | AU$0.66 | x |
| 2019-06-30 | AU$1.57 | AU$0.66 | x |
| 2020-06-30 | AU$1.01 | AU$0.66 | x |
| 2021-06-30 | AU$0.85 | AU$0.66 | x |
| 2022-06-30 | AU$0.50 | AU$0.66 | x |
| 2023-06-30 | AU$0.34 | AU$0.66 | x |
| 2024-06-30 | AU$0.16 | AU$0.66 | x |
| 2025-06-30 | AU$0.33 | AU$0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pioneer Credit 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): 11.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1815.80%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 6.41x
- Recent ROE (11.00%) is above the historical average (-7.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 26.92% | 22.42% | 0.37x | 3.21x | AU$2.21 Million |
| 2014 | 2.20% | 4.07% | 0.37x | 1.48x | AU$-3.71 Million |
| 2015 | 14.07% | 19.23% | 0.41x | 1.79x | AU$2.15 Million |
| 2016 | 14.59% | 15.51% | 0.48x | 1.97x | AU$2.97 Million |
| 2017 | 11.91% | 19.11% | 0.31x | 2.00x | AU$1.72 Million |
| 2018 | 17.30% | 21.82% | 0.33x | 2.41x | AU$7.43 Million |
| 2019 | 4.17% | 6.11% | 0.25x | 2.76x | AU$-5.99 Million |
| 2020 | -62.67% | -74.50% | 0.19x | 4.49x | AU$-46.48 Million |
| 2021 | -35.95% | -36.81% | 0.20x | 4.94x | AU$-25.12 Million |
| 2022 | -80.56% | -61.67% | 0.16x | 8.26x | AU$-37.20 Million |
| 2023 | 0.40% | 0.21% | 0.24x | 7.79x | AU$-4.03 Million |
| 2024 | -22.72% | -15.27% | 0.18x | 8.33x | AU$-14.46 Million |
| 2025 | 11.00% | 1815.80% | 0.00x | 6.41x | AU$605.80K |
Industry Comparison
This section compares Pioneer Credit Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $337,370,922
- Average return on equity (ROE) among peers: -8.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pioneer Credit Ltd (PNC) | AU$70.65 Million | 26.92% | 4.61x | $46.00 Million |
| Butn Ltd (BTN) | $8.11 Million | -152.13% | 10.26x | $3.14 Million |
| Earlypay Ltd (EPY) | $73.48 Million | -10.54% | 3.90x | $16.78 Million |
| FSA Group Ltd (FSA) | $76.76 Million | 13.88% | 3.90x | $26.38 Million |
| Harmoney Corp Ltd (HMY) | $37.13 Million | 14.86% | 24.46x | $21.78 Million |
| Humm Group Ltd (HUM) | $364.58 Million | 18.06% | 2.99x | $98.09 Million |
| Lawfinance Ltd (LAW) | $9.11 Million | 3.15% | 0.11x | $121.26K |
| Liberty Financial Group (LFG) | $1.19 Billion | 11.23% | 12.61x | $129.94 Million |
| Latitude Group Holdings Ltd (LFS) | $1.57 Billion | 10.28% | 4.12x | $305.96 Million |
| Moneyme Ltd (MME) | $46.85 Million | 2.77% | 2.56x | $23.29 Million |
| Propell Holdings Ltd (PHL) | $-845.24K | 0.00% | 0.00x | $494.63K |