Peet Ltd (PPC) - Net Assets
Based on the latest financial reports, Peet Ltd (PPC) has net assets worth AU$650.49 Million AUD (≈ $460.26 Million 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$1.05 Billion ≈ $745.95 Million USD) and total liabilities (AU$403.77 Million ≈ $285.69 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 financial resilience of Peet Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$650.49 Million |
| % of Total Assets | 61.7% |
| Annual Growth Rate | 16.11% |
| 5-Year Change | 16.55% |
| 10-Year Change | 23.77% |
| Growth Volatility | 42.22 |
Peet Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Peet Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Peet Ltd (PPC) total assets for the complete picture of this company's asset base.
Annual Net Assets for Peet Ltd (2003–2025)
The table below shows the annual net assets of Peet Ltd from 2003 to 2025. For live valuation and market cap data, see market cap of Peet Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$620.75 Million ≈ $439.22 Million |
+4.33% |
| 2024-06-30 | AU$595.00 Million ≈ $421.00 Million |
+1.04% |
| 2023-06-30 | AU$588.89 Million ≈ $416.68 Million |
+4.58% |
| 2022-06-30 | AU$563.08 Million ≈ $398.41 Million |
+5.72% |
| 2021-06-30 | AU$532.60 Million ≈ $376.84 Million |
+3.81% |
| 2020-06-30 | AU$513.07 Million ≈ $363.03 Million |
-8.37% |
| 2019-06-30 | AU$559.95 Million ≈ $396.20 Million |
+1.54% |
| 2018-06-30 | AU$551.44 Million ≈ $390.18 Million |
+4.97% |
| 2017-06-30 | AU$525.32 Million ≈ $371.70 Million |
+4.75% |
| 2016-06-30 | AU$501.51 Million ≈ $354.85 Million |
+3.64% |
| 2015-06-30 | AU$483.89 Million ≈ $342.39 Million |
+15.20% |
| 2014-06-30 | AU$420.05 Million ≈ $297.21 Million |
+4.69% |
| 2013-06-30 | AU$401.22 Million ≈ $283.89 Million |
+51.21% |
| 2012-06-30 | AU$265.34 Million ≈ $187.74 Million |
-2.39% |
| 2011-06-30 | AU$271.84 Million ≈ $192.34 Million |
+16.71% |
| 2010-06-30 | AU$232.91 Million ≈ $164.80 Million |
+14.93% |
| 2009-06-30 | AU$202.66 Million ≈ $143.40 Million |
+41.01% |
| 2008-06-30 | AU$143.72 Million ≈ $101.69 Million |
+5.14% |
| 2007-06-30 | AU$136.69 Million ≈ $96.72 Million |
+193.02% |
| 2006-06-30 | AU$46.65 Million ≈ $33.01 Million |
-12.91% |
| 2005-06-30 | AU$53.56 Million ≈ $37.90 Million |
+67.76% |
| 2004-06-30 | AU$31.93 Million ≈ $22.59 Million |
+37.66% |
| 2003-06-30 | AU$23.20 Million ≈ $16.41 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Peet 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 1024.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$244.11 Million | 40.71% |
| Common Stock | AU$362.58 Million | 60.47% |
| Other Comprehensive Income | AU$-7.07 Million | -1.18% |
| Total Equity | AU$599.62 Million | 100.00% |
Peet Ltd Competitors by Market Cap
The table below lists competitors of Peet Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Merida Industry Co Ltd
TW:9914
|
$548.22 Million |
|
Shanghai ZJ Bio-Tech Co. Ltd. A
SHG:688317
|
$548.32 Million |
|
Blumar
SN:BLUMAR
|
$548.43 Million |
|
Zhejiang Guangsha Co Ltd
SHG:600052
|
$548.48 Million |
|
Anji Foodstuff Co Ltd
SHG:603696
|
$547.92 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$547.83 Million |
|
Southern Cable Group Bhd
KLSE:0225
|
$547.77 Million |
|
Lafang China
SHG:603630
|
$547.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Peet Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 574,263,000 to 599,617,000, a change of 25,354,000 (4.4%).
- Net income of 58,467,000 contributed positively to equity growth.
- Dividend payments of 25,763,000 reduced retained earnings.
- Share repurchases of 10,858,000 reduced equity.
- Other comprehensive income decreased equity by 6,333,000.
- Other factors increased equity by 9,841,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$58.47 Million | +9.75% |
| Dividends Paid | AU$25.76 Million | -4.3% |
| Share Repurchases | AU$10.86 Million | -1.81% |
| Other Comprehensive Income | AU$-6.33 Million | -1.06% |
| Other Changes | AU$9.84 Million | +1.64% |
| Total Change | AU$- | 4.42% |
Book Value vs Market Value Analysis
This analysis compares Peet 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: 1.29x
- 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 22.44x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | AU$0.07 | AU$1.66 | x |
| 2005-06-30 | AU$0.12 | AU$1.66 | x |
| 2006-06-30 | AU$0.11 | AU$1.66 | x |
| 2007-06-30 | AU$0.32 | AU$1.66 | x |
| 2008-06-30 | AU$0.33 | AU$1.66 | x |
| 2009-06-30 | AU$0.47 | AU$1.66 | x |
| 2010-06-30 | AU$0.54 | AU$1.66 | x |
| 2011-06-30 | AU$0.60 | AU$1.66 | x |
| 2012-06-30 | AU$0.57 | AU$1.66 | x |
| 2013-06-30 | AU$0.86 | AU$1.66 | x |
| 2014-06-30 | AU$0.93 | AU$1.66 | x |
| 2015-06-30 | AU$1.03 | AU$1.66 | x |
| 2016-06-30 | AU$1.02 | AU$1.66 | x |
| 2017-06-30 | AU$1.07 | AU$1.66 | x |
| 2018-06-30 | AU$1.12 | AU$1.66 | x |
| 2019-06-30 | AU$1.15 | AU$1.66 | x |
| 2020-06-30 | AU$1.03 | AU$1.66 | x |
| 2021-06-30 | AU$1.07 | AU$1.66 | x |
| 2022-06-30 | AU$1.12 | AU$1.66 | x |
| 2023-06-30 | AU$1.20 | AU$1.66 | x |
| 2024-06-30 | AU$1.22 | AU$1.66 | x |
| 2025-06-30 | AU$1.28 | AU$1.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Peet 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): 9.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.10%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.81x
- Recent ROE (9.75%) is below the historical average (21.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 83.32% | 39.74% | 0.54x | 3.88x | AU$17.01 Million |
| 2004 | 89.99% | 44.42% | 0.50x | 4.05x | AU$25.54 Million |
| 2005 | 59.06% | 41.13% | 0.41x | 3.47x | AU$26.28 Million |
| 2006 | 78.96% | 32.97% | 0.46x | 5.17x | AU$32.17 Million |
| 2007 | 33.30% | 36.35% | 0.28x | 3.23x | AU$31.85 Million |
| 2008 | 33.34% | 29.68% | 0.29x | 3.93x | AU$33.54 Million |
| 2009 | 5.93% | 6.91% | 0.27x | 3.20x | AU$-8.25 Million |
| 2010 | 18.08% | 24.38% | 0.31x | 2.43x | AU$18.82 Million |
| 2011 | 8.57% | 12.20% | 0.27x | 2.63x | AU$-3.69 Million |
| 2012 | 2.19% | 3.87% | 0.20x | 2.88x | AU$-19.36 Million |
| 2013 | 0.05% | 0.10% | 0.24x | 2.21x | AU$-37.09 Million |
| 2014 | 7.51% | 10.97% | 0.33x | 2.10x | AU$-10.02 Million |
| 2015 | 8.03% | 10.85% | 0.41x | 1.83x | AU$-9.42 Million |
| 2016 | 8.57% | 15.89% | 0.27x | 2.01x | AU$-7.13 Million |
| 2017 | 8.57% | 15.13% | 0.32x | 1.79x | AU$-7.48 Million |
| 2018 | 8.94% | 17.08% | 0.31x | 1.69x | AU$-5.82 Million |
| 2019 | 8.52% | 19.05% | 0.27x | 1.65x | AU$-8.25 Million |
| 2020 | -6.06% | -15.96% | 0.21x | 1.84x | AU$-79.69 Million |
| 2021 | 5.52% | 12.94% | 0.24x | 1.77x | AU$-23.13 Million |
| 2022 | 9.66% | 19.62% | 0.26x | 1.87x | AU$-1.83 Million |
| 2023 | 12.36% | 21.99% | 0.30x | 1.86x | AU$13.39 Million |
| 2024 | 6.36% | 12.49% | 0.27x | 1.91x | AU$-20.88 Million |
| 2025 | 9.75% | 14.10% | 0.38x | 1.81x | AU$-1.49 Million |
Industry Comparison
This section compares Peet Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $390,664,830
- Average return on equity (ROE) among peers: -46.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Peet Ltd (PPC) | AU$650.49 Million | 83.32% | 0.62x | $548.22 Million |
| Avjennings Ltd (AVJ) | $408.03 Million | 3.21% | 0.81x | $263.86 Million |
| CAQ Holdings Ltd (CAQ) | $1.10 Million | -54.82% | 0.13x | $4.57 Million |
| Cedar Woods Properties Ltd (CWP) | $431.10 Million | 7.34% | 0.82x | $420.17 Million |
| Finbar Group Ltd (FRI) | $59.80 Million | 4.87% | 1.36x | $143.45 Million |
| Hudson Investment Group Ltd (HGL) | $-3.56 Million | 0.00% | 0.00x | $7.35 Million |
| Land & Homes Group Ltd (LHM) | $129.43K | -365.51% | 0.17x | $5.20 Million |
| Mustera Property Group Ltd (MPX) | $12.78 Million | -12.15% | 2.71x | $13.51 Million |
| Tian An Australia Ltd (TIA) | $99.81 Million | -8.59% | 0.61x | $11.64 Million |
| United Overseas Australia Ltd (UOS) | $2.51 Billion | 3.16% | 0.19x | $880.66 Million |
About Peet Ltd
Peet Limited acquires, develops, and markets residential land in Australia. It operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The company provides underwriting, capital raising, and asset identification services; acquires parcels of land primarily for residential development purposes and produces non-residential blocks of land; and undertakes the devel… Read more