Rubicon Water Ltd
Rubicon Water Limited designs, manufactures, installs, and maintains irrigation automation software and hardware in Australia, New Zealand, Asia, and internationally. The company offers network control solutions, including total channel control, low energy pipeline, site management, and water and energy solutions; flow, water level, and climate measurement solutions; and operations software solut… Read more
Rubicon Water Ltd (RWL) - Net Assets
Latest net assets as of June 2025: AU$63.96 Million AUD
Based on the latest financial reports, Rubicon Water Ltd (RWL) has net assets worth AU$63.96 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$103.94 Million) and total liabilities (AU$39.98 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$63.96 Million |
| % of Total Assets | 61.54% |
| Annual Growth Rate | 11.54% |
| 5-Year Change | 30.13% |
| 10-Year Change | N/A |
| Growth Volatility | 21.52 |
Rubicon Water Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Rubicon Water 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 Rubicon Water Ltd (2016–2024)
The table below shows the annual net assets of Rubicon Water Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$63.96 Million | +16.59% |
| 2023-12-31 | AU$54.85 Million | -16.64% |
| 2022-12-31 | AU$65.80 Million | -13.58% |
| 2021-12-31 | AU$76.15 Million | +54.93% |
| 2020-12-31 | AU$49.15 Million | +18.73% |
| 2019-12-31 | AU$41.40 Million | +2.36% |
| 2018-12-31 | AU$40.44 Million | +24.38% |
| 2017-12-31 | AU$32.51 Million | +21.76% |
| 2016-12-31 | AU$26.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rubicon Water 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 62.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$9.07 Million | 14.07% |
| Common Stock | AU$184.03 Million | 285.68% |
| Other Comprehensive Income | AU$-128.68 Million | -199.75% |
| Total Equity | AU$64.42 Million | 100.00% |
Rubicon Water Ltd Competitors by Market Cap
The table below lists competitors of Rubicon Water Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUNEX S.A.
WAR:SNX
|
$5.54 Million |
|
Stock Trend Capital Inc.
PINK:STOCF
|
$5.54 Million |
|
Power Line Engineering Public Company Limited
BK:PLE
|
$5.55 Million |
|
Hawthorn Resources Ltd
AU:HAW
|
$5.55 Million |
|
Datasea Inc
NASDAQ:DTSS
|
$5.54 Million |
|
Trxade Group Inc
NASDAQ:MEDS
|
$5.54 Million |
|
Immo Moury SICAF Immobiliere Publique de Droit Belge
BR:IMMOU
|
$5.54 Million |
|
SportsHero Limited
PINK:NIROF
|
$5.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rubicon Water Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 55,134,000 to 64,417,000, a change of 9,283,000 (16.8%).
- Net loss of 6,788,000 reduced equity.
- Share repurchases of 17,027,000 reduced equity.
- Other comprehensive income increased equity by 239,000.
- Other factors increased equity by 32,859,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.79 Million | -10.54% |
| Share Repurchases | AU$17.03 Million | -26.43% |
| Other Comprehensive Income | AU$239.00K | +0.37% |
| Other Changes | AU$32.86 Million | +51.01% |
| Total Change | AU$- | 16.84% |
Book Value vs Market Value Analysis
This analysis compares Rubicon Water 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: 0.55x
- 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 decreased from 1.00x to 0.55x 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$0.16 | AU$0.16 | x |
| 2017-12-31 | AU$0.25 | AU$0.16 | x |
| 2018-12-31 | AU$0.30 | AU$0.16 | x |
| 2019-12-31 | AU$0.41 | AU$0.16 | x |
| 2020-12-31 | AU$0.28 | AU$0.16 | x |
| 2021-12-31 | AU$0.46 | AU$0.16 | x |
| 2022-12-31 | AU$0.38 | AU$0.16 | x |
| 2023-12-31 | AU$0.32 | AU$0.16 | x |
| 2024-12-31 | AU$0.28 | AU$0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rubicon Water 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): -10.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.83%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.61x
- Recent ROE (-10.54%) is below the historical average (4.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 22.72% | 10.07% | 1.37x | 1.65x | AU$3.40 Million |
| 2017 | 26.14% | 11.78% | 1.35x | 1.64x | AU$5.19 Million |
| 2018 | 20.62% | 10.86% | 1.10x | 1.72x | AU$4.22 Million |
| 2019 | 2.48% | 1.56% | 0.69x | 2.30x | AU$-3.06 Million |
| 2020 | 17.15% | 10.21% | 0.76x | 2.20x | AU$3.47 Million |
| 2021 | -0.58% | -0.67% | 0.52x | 1.66x | AU$-8.02 Million |
| 2022 | -16.62% | -19.79% | 0.49x | 1.70x | AU$-17.50 Million |
| 2023 | -19.43% | -18.34% | 0.55x | 1.93x | AU$-16.22 Million |
| 2024 | -10.54% | -9.83% | 0.66x | 1.61x | AU$-13.23 Million |
Industry Comparison
This section compares Rubicon Water Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $68,801,000
- Average return on equity (ROE) among peers: -0.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rubicon Water Ltd (RWL) | AU$63.96 Million | 22.72% | 0.63x | $5.54 Million |
| Duxton Water Ltd (D2O) | $68.80 Million | -0.34% | 0.01x | $101.27 Million |