Scentre Group (SCG) - Net Assets
Based on the latest financial reports, Scentre Group (SCG) has net assets worth AU$19.08 Billion 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$35.40 Billion) and total liabilities (AU$16.32 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$19.08 Billion |
| % of Total Assets | 53.89% |
| Annual Growth Rate | 3.75% |
| 5-Year Change | -0.51% |
| 10-Year Change | -3.43% |
| Growth Volatility | 15.86 |
Scentre Group - Net Assets Trend (2009–2025)
This chart illustrates how Scentre Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Scentre Group (2009–2025)
The table below shows the annual net assets of Scentre Group from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$19.08 Billion | +4.88% |
| 2024-12-31 | AU$18.19 Billion | +0.92% |
| 2023-12-31 | AU$18.02 Billion | -3.72% |
| 2022-12-31 | AU$18.72 Billion | -2.37% |
| 2021-12-31 | AU$19.17 Billion | +0.95% |
| 2020-12-31 | AU$18.99 Billion | -19.34% |
| 2019-12-31 | AU$23.55 Billion | -1.33% |
| 2018-12-31 | AU$23.87 Billion | +4.76% |
| 2017-12-31 | AU$22.78 Billion | +15.32% |
| 2016-12-31 | AU$19.75 Billion | +10.32% |
| 2015-12-31 | AU$17.91 Billion | +8.99% |
| 2014-12-31 | AU$16.43 Billion | +56.83% |
| 2013-12-31 | AU$10.48 Billion | +0.67% |
| 2012-12-31 | AU$10.41 Billion | +4.45% |
| 2011-12-31 | AU$9.96 Billion | -5.93% |
| 2009-12-31 | AU$10.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Scentre Group'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 878350000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$8.78 Billion | 46.51% |
| Common Stock | AU$10.09 Billion | 53.45% |
| Other Comprehensive Income | AU$6.80 Million | 0.04% |
| Total Equity | AU$18.89 Billion | 100.00% |
Scentre Group Competitors by Market Cap
The table below lists competitors of Scentre Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CNA Financial Corporation
NYSE:CNA
|
$13.05 Billion |
|
First Financial Holding Co Ltd
TW:2892
|
$13.05 Billion |
|
Neste Oyj
F:NEF
|
$13.06 Billion |
|
Fresenius Medical Care Corporation
NYSE:FMS
|
$13.08 Billion |
|
Ipsen S.A
F:I7G
|
$13.04 Billion |
|
Penumbra Inc
NYSE:PEN
|
$13.03 Billion |
|
Neurocrine Biosciences Inc
NASDAQ:NBIX
|
$13.03 Billion |
|
Impala Platinum Holdings Ltd
JSE:IMP
|
$13.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Scentre Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,189,400,000 to 18,885,000,000, a change of 695,600,000 (3.8%).
- Net income of 1,778,500,000 contributed positively to equity growth.
- Dividend payments of 857,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 61,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$1.78 Billion | +9.42% |
| Dividends Paid | AU$857.00 Million | -4.54% |
| Other Comprehensive Income | AU$-61.40 Million | -0.33% |
| Other Changes | AU$-164.50 Million | -0.87% |
| Total Change | AU$- | 3.82% |
Book Value vs Market Value Analysis
This analysis compares Scentre Group'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: 0.98x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | AU$3.47 | AU$3.53 | x |
| 2011-12-31 | AU$3.26 | AU$3.53 | x |
| 2012-12-31 | AU$3.41 | AU$3.53 | x |
| 2013-12-31 | AU$3.48 | AU$3.53 | x |
| 2014-12-31 | AU$4.07 | AU$3.53 | x |
| 2015-12-31 | AU$3.31 | AU$3.53 | x |
| 2016-12-31 | AU$3.66 | AU$3.53 | x |
| 2017-12-31 | AU$4.23 | AU$3.53 | x |
| 2018-12-31 | AU$4.44 | AU$3.53 | x |
| 2019-12-31 | AU$4.40 | AU$3.53 | x |
| 2020-12-31 | AU$3.63 | AU$3.53 | x |
| 2021-12-31 | AU$3.65 | AU$3.53 | x |
| 2022-12-31 | AU$3.56 | AU$3.53 | x |
| 2023-12-31 | AU$3.43 | AU$3.53 | x |
| 2024-12-31 | AU$3.49 | AU$3.53 | x |
| 2025-12-31 | AU$3.61 | AU$3.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Scentre Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.24%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.87x
- Recent ROE (9.42%) is above the historical average (6.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 9.80% | 203.18% | 0.04x | 1.29x | AU$-20.13 Million |
| 2012 | 7.98% | 161.45% | 0.04x | 1.28x | AU$-209.72 Million |
| 2013 | 7.42% | 145.44% | 0.04x | 1.32x | AU$-270.43 Million |
| 2014 | 8.93% | 66.71% | 0.07x | 1.94x | AU$-173.19 Million |
| 2015 | 15.35% | 94.42% | 0.09x | 1.81x | AU$943.84 Million |
| 2016 | 15.35% | 118.64% | 0.07x | 1.74x | AU$1.04 Billion |
| 2017 | 18.72% | 170.79% | 0.07x | 1.66x | AU$1.96 Billion |
| 2018 | 9.68% | 86.80% | 0.06x | 1.73x | AU$-76.57 Million |
| 2019 | 5.05% | 45.08% | 0.07x | 1.71x | AU$-1.15 Billion |
| 2020 | -19.82% | -172.58% | 0.06x | 2.02x | AU$-5.61 Billion |
| 2021 | 4.67% | 38.93% | 0.06x | 1.93x | AU$-1.01 Billion |
| 2022 | 1.62% | 12.23% | 0.07x | 2.00x | AU$-1.55 Billion |
| 2023 | 0.98% | 6.97% | 0.07x | 2.00x | AU$-1.61 Billion |
| 2024 | 5.77% | 39.81% | 0.07x | 2.00x | AU$-769.14 Million |
| 2025 | 9.42% | 66.24% | 0.08x | 1.87x | AU$-110.00 Million |
Industry Comparison
This section compares Scentre Group's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $2,761,354,167
- Average return on equity (ROE) among peers: 6.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Scentre Group (SCG) | AU$19.08 Billion | 9.80% | 0.86x | $13.05 Billion |
| Carindale Property Trust (CDP) | $570.99 Million | 7.76% | 0.43x | $313.78 Million |
| Charter Hall Retail REIT (CQR) | $117.24 Million | 0.65% | 0.64x | $1.56 Billion |
| Dexus Convenience Retail REIT (DXC) | $233.79 Million | 10.27% | 0.53x | $260.25 Million |
| Homeco Daily Needs REIT (HDN) | $3.08 Billion | 3.32% | 0.57x | $1.80 Billion |
| Region Group (RGN) | $1.72 Billion | 10.18% | 0.57x | $1.86 Billion |
| Vicinity Centres (VCX) | $10.85 Billion | 8.86% | 0.46x | $8.27 Billion |
About Scentre Group
Scentre Group (ASX: SCG) owns 42 Westfield destinations across Australia and New Zealand encompassing 12,000 outlets. Our Purpose is creating extraordinary places, connecting and enriching communities. Our Plan is to create the places more people choose to come, more often, for longer. Our Ambition is to grow the business by becoming essential to people, their communities and the businesses that … Read more