Pepper Money Ltd (PPM) - Net Assets

Latest as of December 2025: AU$869.90 Million AUD ≈ $615.51 Million USD

Based on the latest financial reports, Pepper Money Ltd (PPM) has net assets worth AU$869.90 Million AUD (≈ $615.51 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$18.40 Billion ≈ $13.02 Billion USD) and total liabilities (AU$17.53 Billion ≈ $12.40 Billion 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 PPM goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$869.90 Million
% of Total Assets	4.73%
Annual Growth Rate	12.1%
5-Year Change	17.59%
10-Year Change	91.52%
Growth Volatility	483.98

Pepper Money Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Pepper Money Ltd's net assets have evolved over time, based on quarterly financial data. See Pepper Money Ltd (PPM) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Pepper Money Ltd (2014–2025)

The table below shows the annual net assets of Pepper Money Ltd from 2014 to 2025. For live valuation and market cap data, see Pepper Money Ltd (PPM) total market value.

Year	Net Assets	Change
2025-12-31	AU$869.90 Million ≈ $615.51 Million	+1.67%
2024-12-31	AU$855.60 Million ≈ $605.39 Million	-0.83%
2023-12-31	AU$862.80 Million ≈ $610.49 Million	-6.91%
2022-12-31	AU$926.80 Million ≈ $655.77 Million	+25.28%
2021-12-31	AU$739.80 Million ≈ $523.46 Million	+47.99%
2020-12-31	AU$499.90 Million ≈ $353.71 Million	+1685.02%
2019-12-31	AU$28.01 Million ≈ $19.82 Million	-94.85%
2018-12-31	AU$543.46 Million ≈ $384.53 Million	+8.28%
2017-12-31	AU$501.91 Million ≈ $355.13 Million	+10.50%
2016-12-31	AU$454.21 Million ≈ $321.38 Million	+11.16%
2015-12-31	AU$408.62 Million ≈ $289.12 Million	+65.09%
2014-12-31	AU$247.51 Million ≈ $175.13 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 27.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	AU$84.70 Million	9.74%
Common Stock	AU$738.00 Million	84.84%
Other Comprehensive Income	AU$47.20 Million	5.43%
Total Equity	AU$869.90 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
Itcen Co. Ltd KQ:124500	$521.30 Million
Aju IB Investment Co. Ltd KQ:027360	$521.32 Million
BETTERWARE DE MEXICO SAPI F:BM0	$521.41 Million
HAIT.UT.INT.FIN.L. H YC 1 F:HA6	$521.62 Million
Compania General de Electricidad SA SN:CGE	$521.18 Million
Anglo American PLC LSE:AAL	$520.82 Million
London Stock Exchange Group PLC LSE:LSEG	$520.82 Million
AUPU Home Style Corp Ltd SHG:603551	$520.77 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 2024 to 2025, total equity changed from 855,600,000 to 869,900,000, a change of 14,300,000 (1.7%).
Net income of 104,600,000 contributed positively to equity growth.
Dividend payments of 115,400,000 reduced retained earnings.
Share repurchases of 400,000 reduced equity.
Other comprehensive income increased equity by 22,600,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$104.60 Million	+12.02%
Dividends Paid	AU$115.40 Million	-13.27%
Share Repurchases	AU$400.00K	-0.05%
Other Comprehensive Income	AU$22.60 Million	+2.6%
Other Changes	AU$2.90 Million	+0.33%
Total Change	AU$-	1.67%

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: 0.87x
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 0.69x to 0.87x 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$1.64	x
2015-12-31	AU$2.99	AU$1.64	x
2016-12-31	AU$1.03	AU$1.64	x
2017-12-31	AU$1.14	AU$1.64	x
2018-12-31	AU$1.24	AU$1.64	x
2019-12-31	AU$0.06	AU$1.64	x
2020-12-31	AU$1.14	AU$1.64	x
2021-12-31	AU$1.77	AU$1.64	x
2022-12-31	AU$1.79	AU$1.64	x
2023-12-31	AU$1.81	AU$1.64	x
2024-12-31	AU$1.85	AU$1.64	x
2025-12-31	AU$1.88	AU$1.64	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): 12.02%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.22%
• Asset Turnover: 0.08x
• Equity Multiplier: 21.15x
Recent ROE (12.02%) is above the historical average (10.12%), 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
2025	12.02%	7.22%	0.08x	21.15x	AU$17.61 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: $308,074,449
Average return on equity (ROE) among peers: -28.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pepper Money Ltd (PPM)	AU$869.90 Million	15.35%	20.15x	$521.27 Million
Butn Ltd (BTN)	$3.60 Million	-146.21%	13.82x	$4.57 Million
Credit Corp Group Ltd (CCP)	$12.95 Million	25.78%	0.32x	$623.69 Million
Earlypay Ltd (EPY)	$58.51 Million	12.37%	5.43x	$21.80 Million
FSA Group Ltd (FSA)	$1.92 Million	-86.72%	2.93x	$120.33 Million
Harmoney Corp Ltd (HMY)	$41.11 Million	-29.91%	3.67x	$58.53 Million
Humm Group Ltd (HUM)	$503.20 Million	7.87%	9.61x	$210.78 Million
Lawfinance Ltd (LAW)	$2.72 Million	-40.33%	0.08x	$225.95K
Liberty Financial Group (LFG)	$1.12 Billion	19.68%	11.83x	$668.08 Million
Latitude Group Holdings Ltd (LFS)	$1.22 Billion	7.72%	5.68x	$676.82 Million
Moneyme Ltd (MME)	$122.89 Million	-54.20%	12.49x	$47.73 Million

About Pepper Money Ltd

AU:PPM Australia Credit Services

Market Cap

$521.27 Million

AU$736.72 Million AUD

Market Cap Rank

#12154 Global

#313 in Australia

Share Price

AU$1.64

Change (1 day)

-0.61%

52-Week Range

AU$1.62 - AU$2.49

All Time High

AU$2.49