Smartgroup Corporation Ltd (SIQ) - Net Assets

Latest as of December 2025: AU$277.06 Million AUD ≈ $196.04 Million USD

Based on the latest financial reports, Smartgroup Corporation Ltd (SIQ) has net assets worth AU$277.06 Million AUD (≈ $196.04 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$714.40 Million ≈ $505.48 Million USD) and total liabilities (AU$437.33 Million ≈ $309.44 Million 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 SIQ asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$277.06 Million
% of Total Assets	38.78%
Annual Growth Rate	13.87%
5-Year Change	4.07%
10-Year Change	42.62%
Growth Volatility	37.95

Smartgroup Corporation Ltd - Net Assets Trend (2013–2025)

This chart illustrates how Smartgroup Corporation Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Smartgroup Corporation Ltd for the complete picture of this company's asset base.

Annual Net Assets for Smartgroup Corporation Ltd (2013–2025)

The table below shows the annual net assets of Smartgroup Corporation Ltd from 2013 to 2025. For live valuation and market cap data, see SIQ company net worth.

Year	Net Assets	Change
2025-12-31	AU$277.06 Million ≈ $196.04 Million	+7.27%
2024-12-31	AU$258.28 Million ≈ $182.75 Million	+5.93%
2023-12-31	AU$243.82 Million ≈ $172.52 Million	+1.45%
2022-12-31	AU$240.34 Million ≈ $170.06 Million	-9.72%
2021-12-31	AU$266.23 Million ≈ $188.37 Million	-1.74%
2020-12-31	AU$270.94 Million ≈ $191.70 Million	-2.09%
2019-12-31	AU$276.71 Million ≈ $195.79 Million	-5.34%
2018-12-31	AU$292.31 Million ≈ $206.83 Million	+42.76%
2017-12-31	AU$204.75 Million ≈ $144.88 Million	+5.40%
2016-12-31	AU$194.26 Million ≈ $137.45 Million	+135.46%
2015-12-31	AU$82.50 Million ≈ $58.38 Million	+25.16%
2014-12-31	AU$65.92 Million ≈ $46.64 Million	+13.07%
2013-12-31	AU$58.30 Million ≈ $41.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Smartgroup Corporation 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 1471000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$264.87 Million	95.60%
Other Comprehensive Income	AU$31.41 Million	11.34%
Total Equity	AU$277.06 Million	100.00%

Smartgroup Corporation Ltd Competitors by Market Cap

The table below lists competitors of Smartgroup Corporation Ltd ranked by their market capitalization.

Company	Market Cap
Villar TA:VILR	$877.97 Million
Surya Esa Perkasa Tbk JK:ESSA	$878.21 Million
Canaccord Genuity Group Inc TO:CF	$878.22 Million
Anyang Iron & Steel Inc SHG:600569	$878.48 Million
Wuhan Xianglong Power Industry Co Ltd SHG:600769	$877.94 Million
JDM Jingda Mach(Ningbo)Co Ltd SHG:603088	$877.77 Million
MilDef Group AB ST:MILDEF	$877.30 Million
UNITIL Corporation NYSE:UTL	$877.29 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Smartgroup Corporation Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 258,283,000 to 277,065,000, a change of 18,782,000 (7.3%).
Net income of 79,444,000 contributed positively to equity growth.
Dividend payments of 67,773,000 reduced retained earnings.
Other comprehensive income increased equity by 14,048,000.
Other factors decreased equity by 6,937,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$79.44 Million	+28.67%
Dividends Paid	AU$67.77 Million	-24.46%
Other Comprehensive Income	AU$14.05 Million	+5.07%
Other Changes	AU$-6.94 Million	-2.5%
Total Change	AU$-	7.27%

Book Value vs Market Value Analysis

This analysis compares Smartgroup Corporation 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: 4.30x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 15.92x to 4.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	AU$0.57	AU$9.15	x
2014-12-31	AU$0.52	AU$9.15	x
2015-12-31	AU$0.81	AU$9.15	x
2016-12-31	AU$1.74	AU$9.15	x
2017-12-31	AU$1.69	AU$9.15	x
2018-12-31	AU$2.29	AU$9.15	x
2019-12-31	AU$2.14	AU$9.15	x
2020-12-31	AU$2.09	AU$9.15	x
2021-12-31	AU$2.06	AU$9.15	x
2022-12-31	AU$1.85	AU$9.15	x
2023-12-31	AU$1.88	AU$9.15	x
2024-12-31	AU$1.98	AU$9.15	x
2025-12-31	AU$2.13	AU$9.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Smartgroup Corporation 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): 28.67%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 24.12%
• Asset Turnover: 0.46x
• Equity Multiplier: 2.58x
Recent ROE (28.67%) is above the historical average (19.45%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	5.10%	4.76%	0.63x	1.69x	AU$-2.86 Million
2014	-1.45%	-1.31%	0.66x	1.68x	AU$-7.55 Million
2015	24.49%	22.02%	0.55x	2.03x	AU$11.95 Million
2016	16.88%	22.16%	0.34x	2.26x	AU$13.36 Million
2017	20.18%	20.11%	0.44x	2.28x	AU$20.84 Million
2018	20.28%	24.52%	0.52x	1.59x	AU$30.06 Million
2019	22.21%	24.60%	0.53x	1.71x	AU$33.78 Million
2020	15.25%	19.10%	0.53x	1.51x	AU$14.23 Million
2021	22.09%	26.52%	0.54x	1.53x	AU$32.19 Million
2022	24.46%	26.16%	0.55x	1.69x	AU$34.75 Million
2023	25.40%	24.61%	0.60x	1.71x	AU$37.54 Million
2024	29.27%	24.72%	0.47x	2.53x	AU$49.77 Million
2025	28.67%	24.12%	0.46x	2.58x	AU$51.74 Million

Industry Comparison

This section compares Smartgroup Corporation Ltd's net assets metrics with peer companies in the Specialty Business Services industry.

Industry Context

Industry: Specialty Business Services
Average net assets among peers: $252,374,538
Average return on equity (ROE) among peers: 6.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Smartgroup Corporation Ltd (SIQ)	AU$277.06 Million	5.10%	1.58x	$877.94 Million
Boom Logistics Ltd (BOL)	$244.72 Million	-11.23%	1.29x	$50.84 Million
Brambles Ltd (BXB)	$1.48 Billion	43.78%	2.65x	$22.03 Billion
Credit Intelligence Ltd (CI1)	$24.09 Million	3.06%	0.22x	$6.85 Million
Count Ltd (CUP)	$78.11 Million	20.31%	4.47x	$140.89 Million
Energy Action Ltd (EAX)	$2.95 Million	0.00%	0.61x	$11.40 Million
IPH Ltd (IPH)	$391.44 Million	15.10%	1.22x	$690.10 Million
Kelly Partners Group Holdings Ltd (KPG)	$33.95 Million	16.38%	2.14x	$137.75 Million
Mader Group Ltd (MAD)	$12.63 Million	26.91%	1.42x	$1.13 Billion
RBR Group Ltd (RBR)	$1.63 Million	-60.09%	1.62x	$1.89 Million

About Smartgroup Corporation Ltd

AU:SIQ Australia Specialty Business Services

Market Cap

$877.94 Million

AU$1.24 Billion AUD

Market Cap Rank

#9709 Global

#242 in Australia

Share Price

AU$9.15

Change (1 day)

+1.44%

52-Week Range

AU$7.18 - AU$9.19

All Time High

AU$10.58