Pepper Money Ltd
Pepper Money Limited operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand. It operates through three segments: Mortgages, Asset Finance, and Loan and Other Servicing. The Mortgages segment engages in the financing of residential home loans and small balance commercial real estate loans. The Asset Finance segment finances a range of asset types, such… Read more
Pepper Money Ltd (PPM) - Net Assets
Latest net assets as of June 2025: AU$777.00 Million AUD
Based on the latest financial reports, Pepper Money Ltd (PPM) has net assets worth AU$777.00 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$17.15 Billion) and total liabilities (AU$16.37 Billion). 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$777.00 Million |
| % of Total Assets | 4.53% |
| Annual Growth Rate | 13.2% |
| 5-Year Change | 71.15% |
| 10-Year Change | 109.39% |
| Growth Volatility | 504.91 |
Pepper Money Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Pepper Money 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 Pepper Money Ltd (2014–2024)
The table below shows the annual net assets of Pepper Money Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$855.60 Million | -0.83% |
| 2023-12-31 | AU$862.80 Million | -6.91% |
| 2022-12-31 | AU$926.80 Million | +25.28% |
| 2021-12-31 | AU$739.80 Million | +47.99% |
| 2020-12-31 | AU$499.90 Million | +1685.02% |
| 2019-12-31 | AU$28.01 Million | -94.85% |
| 2018-12-31 | AU$543.46 Million | +8.28% |
| 2017-12-31 | AU$501.91 Million | +10.50% |
| 2016-12-31 | AU$454.21 Million | +11.16% |
| 2015-12-31 | AU$408.62 Million | +65.09% |
| 2014-12-31 | AU$247.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pepper Money 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 14.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$100.30 Million | 11.72% |
| Common Stock | AU$730.70 Million | 85.40% |
| Other Comprehensive Income | AU$24.60 Million | 2.88% |
| Total Equity | AU$855.60 Million | 100.00% |
Pepper Money Ltd Competitors by Market Cap
The table below lists competitors of Pepper Money Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electricite de Strasbourg S.A.
LSE:0J74
|
$174.35 Million |
|
Northern United Publishing & Media Group Co Ltd
SHG:601999
|
$174.35 Million |
|
Wuhan Tianyu Info Industry
SHE:300205
|
$174.42 Million |
|
DITTO (THAILAND)
BK:DITTO-R
|
$174.47 Million |
|
Astra Agro Lestari Tbk
JK:AALI
|
$174.24 Million |
|
VNV Global AB (publ)
PINK:VSTKF
|
$174.23 Million |
|
Van de Velde NV
PINK:VDEVF
|
$174.23 Million |
|
Sports Gear Co. Ltd
TW:6768
|
$174.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pepper Money Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 825,400,000 to 855,600,000, a change of 30,200,000 (3.7%).
- Net income of 98,800,000 contributed positively to equity growth.
- Dividend payments of 44,100,000 reduced retained earnings.
- Share repurchases of 2,500,000 reduced equity.
- Other comprehensive income decreased equity by 25,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$98.80 Million | +11.55% |
| Dividends Paid | AU$44.10 Million | -5.15% |
| Share Repurchases | AU$2.50 Million | -0.29% |
| Other Comprehensive Income | AU$-25.40 Million | -2.97% |
| Other Changes | AU$3.40 Million | +0.4% |
| Total Change | AU$- | 3.66% |
Book Value vs Market Value Analysis
This analysis compares Pepper Money 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: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.75x to 0.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | AU$2.39 | AU$1.80 | x |
| 2015-12-31 | AU$2.99 | AU$1.80 | x |
| 2016-12-31 | AU$1.03 | AU$1.80 | x |
| 2017-12-31 | AU$1.14 | AU$1.80 | x |
| 2018-12-31 | AU$1.24 | AU$1.80 | x |
| 2019-12-31 | AU$0.06 | AU$1.80 | x |
| 2020-12-31 | AU$1.14 | AU$1.80 | x |
| 2021-12-31 | AU$1.77 | AU$1.80 | x |
| 2022-12-31 | AU$1.79 | AU$1.80 | x |
| 2023-12-31 | AU$1.81 | AU$1.80 | x |
| 2024-12-31 | AU$1.85 | AU$1.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pepper Money 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): 11.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.25%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 20.42x
- Recent ROE (11.55%) is above the historical average (9.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.35% | 16.40% | 0.05x | 19.61x | AU$13.28 Million |
| 2015 | 0.84% | 1.18% | 0.04x | 15.99x | AU$-37.48 Million |
| 2016 | 13.58% | 16.65% | 0.04x | 18.30x | AU$16.24 Million |
| 2017 | 8.25% | 10.10% | 0.04x | 21.67x | AU$-8.76 Million |
| 2018 | 3.77% | 1.90% | 0.06x | 31.68x | AU$-33.83 Million |
| 2019 | 11.97% | 9.74% | 0.06x | 19.70x | AU$550.53K |
| 2020 | -5.93% | -3.82% | 0.05x | 28.73x | AU$-79.49 Million |
| 2021 | 18.98% | 15.66% | 0.04x | 27.13x | AU$57.16 Million |
| 2022 | 17.58% | 13.26% | 0.05x | 24.84x | AU$60.81 Million |
| 2023 | 13.41% | 7.27% | 0.08x | 24.48x | AU$28.16 Million |
| 2024 | 11.55% | 6.25% | 0.09x | 20.42x | AU$13.24 Million |
Industry Comparison
This section compares Pepper Money 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 |
|---|---|---|---|---|
| Pepper Money Ltd (PPM) | AU$777.00 Million | 15.35% | 21.07x | $174.26 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 |