Shine Justice Ltd
Shine Justice Ltd provides legal services in Australia and New Zealand. It operates in two segments, Personal Injury and Class Actions. The company provides legal services for motor vehicle accidents, abuse law, workers' compensation, public liability, head trauma, disability insurance and superannuation claims, asbestos and dust disease, medical law, catastrophic injuries, disability insurance, … Read more
Shine Justice Ltd (SHJ) - Net Assets
Latest net assets as of December 2025: AU$262.10 Million AUD
Based on the latest financial reports, Shine Justice Ltd (SHJ) has net assets worth AU$262.10 Million 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$589.49 Million) and total liabilities (AU$327.39 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$262.10 Million |
| % of Total Assets | 44.46% |
| Annual Growth Rate | 8.09% |
| 5-Year Change | 2.41% |
| 10-Year Change | 37.69% |
| Growth Volatility | 12.19 |
Shine Justice Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Shine Justice 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 Shine Justice Ltd (2012–2025)
The table below shows the annual net assets of Shine Justice Ltd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$261.30 Million | -4.16% |
| 2024-06-30 | AU$272.63 Million | +0.66% |
| 2023-06-30 | AU$270.84 Million | -2.51% |
| 2022-06-30 | AU$277.80 Million | +8.88% |
| 2021-06-30 | AU$255.14 Million | +7.55% |
| 2020-06-30 | AU$237.22 Million | +6.66% |
| 2019-06-30 | AU$222.41 Million | +1.96% |
| 2018-06-30 | AU$218.14 Million | +6.68% |
| 2017-06-30 | AU$204.48 Million | +7.75% |
| 2016-06-30 | AU$189.78 Million | +7.71% |
| 2015-06-30 | AU$176.19 Million | +46.95% |
| 2014-06-30 | AU$119.90 Million | +16.24% |
| 2013-06-30 | AU$103.15 Million | +8.54% |
| 2012-06-30 | AU$95.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shine Justice 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 176.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$211.17 Million | 80.71% |
| Common Stock | AU$50.70 Million | 19.38% |
| Other Comprehensive Income | AU$-225.00K | -0.09% |
| Total Equity | AU$261.65 Million | 100.00% |
Shine Justice Ltd Competitors by Market Cap
The table below lists competitors of Shine Justice Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATLAS
BK:ATLAS
|
$21.48 Million |
|
RDE, Inc. Common Stock
NASDAQ:RSTN
|
$21.48 Million |
|
Neo-Neon Holdings Limited
TW:911868
|
$21.49 Million |
|
Eskay Mining Corp
PINK:ESKYF
|
$21.49 Million |
|
Abico FS Co Ltd
TWO:8071
|
$21.47 Million |
|
SIMEC Atlantis Energy Limited
PINK:SMAYF
|
$21.46 Million |
|
Rapala VMC Oyj
HE:RAP1V
|
$21.46 Million |
|
Stream Media Corporation
PINK:STEAF
|
$21.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shine Justice Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 272,458,000 to 261,646,000, a change of -10,812,000 (-4.0%).
- Net income of 572,000 contributed positively to equity growth.
- Dividend payments of 9,510,000 reduced retained earnings.
- Share repurchases of 2,800,000 reduced equity.
- Other comprehensive income decreased equity by 487,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$572.00K | +0.22% |
| Dividends Paid | AU$9.51 Million | -3.63% |
| Share Repurchases | AU$2.80 Million | -1.07% |
| Other Comprehensive Income | AU$-488.00K | -0.19% |
| Other Changes | AU$1.41 Million | +0.54% |
| Total Change | AU$- | -3.97% |
Book Value vs Market Value Analysis
This analysis compares Shine Justice 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: 0.49x
- 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 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$0.71 | AU$0.72 | x |
| 2014-06-30 | AU$0.77 | AU$0.72 | x |
| 2015-06-30 | AU$1.02 | AU$0.72 | x |
| 2016-06-30 | AU$1.10 | AU$0.72 | x |
| 2017-06-30 | AU$1.18 | AU$0.72 | x |
| 2018-06-30 | AU$1.26 | AU$0.72 | x |
| 2019-06-30 | AU$1.26 | AU$0.72 | x |
| 2020-06-30 | AU$1.34 | AU$0.72 | x |
| 2021-06-30 | AU$1.44 | AU$0.72 | x |
| 2022-06-30 | AU$1.55 | AU$0.72 | x |
| 2023-06-30 | AU$1.53 | AU$0.72 | x |
| 2024-06-30 | AU$1.54 | AU$0.72 | x |
| 2025-06-30 | AU$1.46 | AU$0.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shine Justice 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): 0.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.28%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.20x
- Recent ROE (0.22%) is below the historical average (9.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 16.97% | 16.64% | 0.57x | 1.79x | AU$7.19 Million |
| 2014 | 18.49% | 19.16% | 0.56x | 1.73x | AU$10.19 Million |
| 2015 | 16.82% | 19.63% | 0.48x | 1.79x | AU$12.01 Million |
| 2016 | 7.81% | 9.78% | 0.44x | 1.80x | AU$-4.16 Million |
| 2017 | 9.86% | 12.21% | 0.43x | 1.87x | AU$-292.80K |
| 2018 | 8.76% | 10.66% | 0.42x | 1.97x | AU$-2.70 Million |
| 2019 | 6.28% | 7.86% | 0.35x | 2.27x | AU$-8.28 Million |
| 2020 | 9.06% | 11.88% | 0.32x | 2.38x | AU$-2.24 Million |
| 2021 | 10.02% | 13.78% | 0.31x | 2.31x | AU$56.00K |
| 2022 | 11.22% | 14.61% | 0.33x | 2.36x | AU$3.38 Million |
| 2023 | 1.22% | 1.49% | 0.35x | 2.36x | AU$-23.75 Million |
| 2024 | 2.22% | 3.08% | 0.33x | 2.17x | AU$-21.21 Million |
| 2025 | 0.22% | 0.28% | 0.36x | 2.20x | AU$-25.59 Million |
Industry Comparison
This section compares Shine Justice Ltd's net assets metrics with peer companies in the Personal Services industry.
Industry Context
- Industry: Personal Services
- Average net assets among peers: $30,150,574
- Average return on equity (ROE) among peers: -7.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shine Justice Ltd (SHJ) | AU$262.10 Million | 16.97% | 1.25x | $21.47 Million |
| Af Legal Group Ltd (AFL) | $13.29 Million | -3.63% | 0.56x | $6.51 Million |
| Apiam Animal Health Ltd (AHX) | $58.73 Million | 5.58% | 0.79x | $40.18 Million |
| Mayfield Childcare Ltd (MFD) | $27.15 Million | 15.74% | 0.61x | $4.28 Million |
| Mad Paws Holdings Ltd (MPA) | $21.43 Million | -49.04% | 0.53x | $16.79 Million |