Washington H Soul Pattinson & Company Ltd (SOL) - Net Assets
Based on the latest financial reports, Washington H Soul Pattinson & Company Ltd (SOL) has net assets worth AU$13.36 Billion AUD (≈ $9.45 Billion USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$15.13 Billion ≈ $10.70 Billion USD) and total liabilities (AU$1.77 Billion ≈ $1.25 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 Washington H Soul Pattinson & Company Lt liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$13.36 Billion |
| % of Total Assets | 88.31% |
| Annual Growth Rate | 10.87% |
| 5-Year Change | 82.59% |
| 10-Year Change | 151.16% |
| Growth Volatility | 23.24 |
Washington H Soul Pattinson & Company Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Washington H Soul Pattinson & Company Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Washington H Soul Pattinson & Company Lt (SOL) total assets for the complete picture of this company's asset base.
Annual Net Assets for Washington H Soul Pattinson & Company Ltd (1989–2025)
The table below shows the annual net assets of Washington H Soul Pattinson & Company Ltd from 1989 to 2025. For live valuation and market cap data, see Washington H Soul Pattinson & Company Lt market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | AU$9.41 Billion ≈ $6.66 Billion |
+4.57% |
| 2024-07-31 | AU$9.00 Billion ≈ $6.37 Billion |
+3.02% |
| 2023-07-31 | AU$8.74 Billion ≈ $6.18 Billion |
+3.26% |
| 2022-07-31 | AU$8.46 Billion ≈ $5.99 Billion |
+64.14% |
| 2021-07-31 | AU$5.15 Billion ≈ $3.65 Billion |
+0.81% |
| 2020-07-31 | AU$5.11 Billion ≈ $3.62 Billion |
+13.31% |
| 2019-07-31 | AU$4.51 Billion ≈ $3.19 Billion |
+3.91% |
| 2018-07-31 | AU$4.34 Billion ≈ $3.07 Billion |
+7.51% |
| 2017-07-31 | AU$4.04 Billion ≈ $2.86 Billion |
+7.78% |
| 2016-07-31 | AU$3.75 Billion ≈ $2.65 Billion |
-0.74% |
| 2015-07-31 | AU$3.77 Billion ≈ $2.67 Billion |
-1.71% |
| 2014-07-31 | AU$3.84 Billion ≈ $2.72 Billion |
+2.40% |
| 2013-07-31 | AU$3.75 Billion ≈ $2.65 Billion |
-0.63% |
| 2012-07-31 | AU$3.77 Billion ≈ $2.67 Billion |
-3.57% |
| 2011-07-31 | AU$3.91 Billion ≈ $2.77 Billion |
+2.46% |
| 2010-07-31 | AU$3.82 Billion ≈ $2.70 Billion |
-0.20% |
| 2009-07-31 | AU$3.83 Billion ≈ $2.71 Billion |
+89.84% |
| 2008-07-31 | AU$2.02 Billion ≈ $1.43 Billion |
-6.09% |
| 2007-07-31 | AU$2.15 Billion ≈ $1.52 Billion |
+10.48% |
| 2006-07-31 | AU$1.94 Billion ≈ $1.37 Billion |
+5.23% |
| 2005-07-31 | AU$1.85 Billion ≈ $1.31 Billion |
+65.99% |
| 2004-07-31 | AU$1.11 Billion ≈ $787.16 Million |
+32.84% |
| 2003-07-31 | AU$837.47 Million ≈ $592.56 Million |
+9.12% |
| 2002-07-31 | AU$767.50 Million ≈ $543.05 Million |
-3.11% |
| 2001-07-31 | AU$792.16 Million ≈ $560.51 Million |
+14.01% |
| 2000-07-31 | AU$694.82 Million ≈ $491.63 Million |
+15.39% |
| 1999-07-31 | AU$602.15 Million ≈ $426.06 Million |
-19.03% |
| 1998-07-31 | AU$743.68 Million ≈ $526.20 Million |
+5.09% |
| 1997-07-31 | AU$707.69 Million ≈ $500.74 Million |
-6.14% |
| 1996-07-31 | AU$754.01 Million ≈ $533.51 Million |
+29.98% |
| 1995-07-31 | AU$580.10 Million ≈ $410.46 Million |
+5.82% |
| 1994-07-31 | AU$548.18 Million ≈ $387.87 Million |
+7.53% |
| 1993-07-31 | AU$509.81 Million ≈ $360.72 Million |
+6.13% |
| 1992-07-31 | AU$480.38 Million ≈ $339.90 Million |
+70.43% |
| 1991-07-31 | AU$281.86 Million ≈ $199.43 Million |
+8.21% |
| 1990-07-31 | AU$260.47 Million ≈ $184.30 Million |
+13.48% |
| 1989-07-31 | AU$229.53 Million ≈ $162.41 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Washington H Soul Pattinson & Company 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 32982.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$4.60 Billion | 48.96% |
| Common Stock | AU$4.91 Billion | 52.22% |
| Other Comprehensive Income | AU$-110.40 Million | -1.17% |
| Total Equity | AU$9.41 Billion | 100.00% |
Washington H Soul Pattinson & Company Ltd Competitors by Market Cap
The table below lists competitors of Washington H Soul Pattinson & Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cipla Limited
NSE:CIPLA
|
$11.44 Billion |
|
360 Security Technology Inc
SHG:601360
|
$11.44 Billion |
|
Tongwei Co Ltd
SHG:600438
|
$11.44 Billion |
|
Advanced Drainage Systems Inc
NYSE:WMS
|
$11.46 Billion |
|
Healthpeak Properties Inc
NYSE:DOC
|
$11.41 Billion |
|
Stanley Black & Decker Inc
NYSE:SWK
|
$11.40 Billion |
|
Mowi ASA
OL:MOWI
|
$11.40 Billion |
|
Lupin Limited
NSE:LUPIN
|
$11.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Washington H Soul Pattinson & Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,989,200,000 to 9,405,600,000, a change of 416,400,000 (4.6%).
- Net income of 364,200,000 contributed positively to equity growth.
- Dividend payments of 355,000,000 reduced retained earnings.
- Share repurchases of 221,300,000 reduced equity.
- New share issuances of 221,300,000 increased equity.
- Other comprehensive income increased equity by 146,000,000.
- Other factors increased equity by 261,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$364.20 Million | +3.87% |
| Dividends Paid | AU$355.00 Million | -3.77% |
| Share Repurchases | AU$221.30 Million | -2.35% |
| Share Issuances | AU$221.30 Million | +2.35% |
| Other Comprehensive Income | AU$146.00 Million | +1.55% |
| Other Changes | AU$261.20 Million | +2.78% |
| Total Change | AU$- | 4.63% |
Book Value vs Market Value Analysis
This analysis compares Washington H Soul Pattinson & Company 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: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 46.55x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-07-31 | AU$0.91 | AU$42.54 | x |
| 1990-07-31 | AU$1.02 | AU$42.54 | x |
| 1991-07-31 | AU$1.09 | AU$42.54 | x |
| 1992-07-31 | AU$1.34 | AU$42.54 | x |
| 1993-07-31 | AU$2.29 | AU$42.54 | x |
| 1994-07-31 | AU$2.07 | AU$42.54 | x |
| 1995-07-31 | AU$2.97 | AU$42.54 | x |
| 1996-07-31 | AU$-1.46 | AU$42.54 | x |
| 1997-07-31 | AU$2.04 | AU$42.54 | x |
| 1998-07-31 | AU$2.14 | AU$42.54 | x |
| 1999-07-31 | AU$2.06 | AU$42.54 | x |
| 2000-07-31 | AU$2.39 | AU$42.54 | x |
| 2001-07-31 | AU$2.69 | AU$42.54 | x |
| 2002-07-31 | AU$2.80 | AU$42.54 | x |
| 2003-07-31 | AU$3.06 | AU$42.54 | x |
| 2004-07-31 | AU$3.64 | AU$42.54 | x |
| 2005-07-31 | AU$5.28 | AU$42.54 | x |
| 2006-07-31 | AU$5.73 | AU$42.54 | x |
| 2007-07-31 | AU$6.62 | AU$42.54 | x |
| 2008-07-31 | AU$6.58 | AU$42.54 | x |
| 2009-07-31 | AU$11.07 | AU$42.54 | x |
| 2010-07-31 | AU$11.65 | AU$42.54 | x |
| 2011-07-31 | AU$11.79 | AU$42.54 | x |
| 2012-07-31 | AU$11.98 | AU$42.54 | x |
| 2013-07-31 | AU$12.26 | AU$42.54 | x |
| 2014-07-31 | AU$12.71 | AU$42.54 | x |
| 2015-07-31 | AU$12.64 | AU$42.54 | x |
| 2016-07-31 | AU$12.70 | AU$42.54 | x |
| 2017-07-31 | AU$13.61 | AU$42.54 | x |
| 2018-07-31 | AU$14.07 | AU$42.54 | x |
| 2019-07-31 | AU$14.71 | AU$42.54 | x |
| 2020-07-31 | AU$17.71 | AU$42.54 | x |
| 2021-07-31 | AU$16.99 | AU$42.54 | x |
| 2022-07-31 | AU$28.33 | AU$42.54 | x |
| 2023-07-31 | AU$26.71 | AU$42.54 | x |
| 2024-07-31 | AU$24.90 | AU$42.54 | x |
| 2025-07-31 | AU$28.70 | AU$42.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Washington H Soul Pattinson & Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 59.37%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.19x
- Recent ROE (3.87%) is above the historical average (3.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 2.70% | 2.81% | 0.64x | 1.50x | AU$-15.40 Million |
| 1990 | 0.54% | 0.51% | 0.60x | 1.73x | AU$-22.61 Million |
| 1991 | -0.23% | -0.22% | 0.59x | 1.73x | AU$-26.59 Million |
| 1992 | -4.48% | 0.00% | 0.00x | 2.20x | AU$-46.32 Million |
| 1993 | -2.88% | -2.39% | 0.52x | 2.30x | AU$-44.24 Million |
| 1994 | -2.50% | 0.00% | 0.00x | 2.19x | AU$-46.96 Million |
| 1995 | -3.09% | -2.83% | 0.50x | 2.17x | AU$-53.13 Million |
| 1996 | 0.00% | -4.03% | 0.74x | 0.00x | AU$-9.36 Million |
| 1997 | -4.71% | -2.73% | 0.77x | 2.24x | AU$-71.77 Million |
| 1998 | -2.26% | 0.00% | 0.00x | 2.47x | AU$-62.66 Million |
| 1999 | -3.31% | 0.00% | 0.00x | 2.25x | AU$-65.46 Million |
| 2000 | -2.44% | -1.64% | 0.71x | 2.11x | AU$-70.98 Million |
| 2001 | -1.81% | -1.29% | 0.66x | 2.15x | AU$-75.97 Million |
| 2002 | -2.32% | -4.18% | 0.34x | 1.63x | AU$-82.35 Million |
| 2003 | -2.59% | -5.56% | 0.31x | 1.53x | AU$-91.92 Million |
| 2004 | -4.22% | -9.33% | 0.28x | 1.63x | AU$-123.40 Million |
| 2005 | -13.78% | -13.58% | 0.58x | 1.76x | AU$-299.74 Million |
| 2006 | 6.70% | 10.89% | 0.35x | 1.77x | AU$-45.16 Million |
| 2007 | 8.25% | 17.14% | 0.29x | 1.67x | AU$-27.69 Million |
| 2008 | 5.78% | 14.53% | 0.27x | 1.48x | AU$-66.25 Million |
| 2009 | 42.10% | 192.80% | 0.12x | 1.87x | AU$848.36 Million |
| 2010 | 7.85% | 32.72% | 0.16x | 1.54x | AU$-59.70 Million |
| 2011 | 12.94% | 59.92% | 0.14x | 1.59x | AU$82.60 Million |
| 2012 | 4.99% | 18.67% | 0.18x | 1.45x | AU$-143.40 Million |
| 2013 | 3.59% | 15.30% | 0.16x | 1.43x | AU$-188.19 Million |
| 2014 | 4.33% | 22.90% | 0.13x | 1.43x | AU$-172.61 Million |
| 2015 | 2.75% | 12.90% | 0.15x | 1.41x | AU$-219.33 Million |
| 2016 | 4.92% | 26.66% | 0.13x | 1.43x | AU$-154.52 Million |
| 2017 | 10.24% | 36.19% | 0.19x | 1.46x | AU$7.85 Million |
| 2018 | 7.92% | 23.82% | 0.21x | 1.57x | AU$-69.87 Million |
| 2019 | 7.04% | 16.03% | 0.26x | 1.67x | AU$-104.22 Million |
| 2020 | 22.48% | 72.25% | 0.18x | 1.73x | AU$528.99 Million |
| 2021 | 6.67% | 25.46% | 0.14x | 1.87x | AU$-136.15 Million |
| 2022 | -0.15% | -0.51% | 0.26x | 1.15x | AU$-857.78 Million |
| 2023 | 7.92% | 190.33% | 0.04x | 1.12x | AU$-181.47 Million |
| 2024 | 5.55% | 89.45% | 0.05x | 1.16x | AU$-400.12 Million |
| 2025 | 3.87% | 59.37% | 0.05x | 1.19x | AU$-576.36 Million |
Industry Comparison
This section compares Washington H Soul Pattinson & Company Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $81,569,892
- Average return on equity (ROE) among peers: -58.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Washington H Soul Pattinson & Company Ltd (SOL) | AU$13.36 Billion | 2.70% | 0.13x | $11.44 Billion |
| Australian Bond Exchange Holdings Ltd (ABE) | $12.88 Million | -28.28% | 0.07x | $1.12 Million |
| ALANDEQGRP FPO (AEG) | $5.49 Million | -9.77% | 0.03x | $22.36 Million |
| Asf Group Ltd (AFA) | $12.45 Million | -122.54% | 1.46x | $31.40 Million |
| Bell Financial Group Ltd (BFG) | $165.64 Million | 16.47% | 2.21x | $306.38 Million |
| COG Financial Services Ltd (COG) | $29.12 Million | 10.94% | 0.05x | $210.61 Million |
| Computershare Ltd (CPU) | $537.65 Million | 14.39% | 1.63x | $12.58 Billion |
| Equity Story Group Ltd (EQS) | $966.96K | -265.36% | 1.64x | $7.64 Million |
| Fatfish Group Ltd (FFG) | $2.35 Million | 3.43% | 0.01x | $7.69 Million |
| Finexia Financial Group Ltd (FNX) | $33.75 Million | -192.43% | 6.17x | $7.94 Million |
| HUB24 Ltd (HUB) | $15.39 Million | -6.94% | 0.47x | $4.79 Billion |
About Washington H Soul Pattinson & Company Ltd
WHSP Holdings Limited, an investment company, engages in investing various industries and asset classes in Australia. It operates through six segments: Strategic Portfolio, Large Caps Portfolio, Emerging Companies Portfolio, Private Equity Portfolio, Credit Portfolio, and Property Portfolio. The company invests in largely uncorrelated listed companies; managed listed equities; unlisted and growin… Read more