Tabcorp Holdings Ltd

AU:TAH Australia Gambling
Market Cap
$1.41 Billion
AU$2.28 Billion AUD
Market Cap Rank
#6110 Global
#57 in Australia
Share Price
AU$1.00
Change (1 day)
-1.00%
52-Week Range
AU$0.53 - AU$1.09
All Time High
AU$1.12
Categories
Companies in Australia Gambling
About

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling, and entertainment and integrity services in Australia. It operates through Wagering and Media, and Integrity Services segments. The Wagering and Media segment offers totalisator and fixed odds betting on racing, sports, and other events through a network of TAB agencies, hotels and clubs, and on-course operations, as wel… Read more

Tabcorp Holdings Ltd (TAH) - Net Assets

Latest net assets as of December 2025: AU$1.27 Billion AUD

Based on the latest financial reports, Tabcorp Holdings Ltd (TAH) has net assets worth AU$1.27 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$3.14 Billion) and total liabilities (AU$1.87 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$1.27 Billion
% of Total Assets 40.38%
Annual Growth Rate 1.97%
5-Year Change -81.27%
10-Year Change -25.72%
Growth Volatility 75.86

Tabcorp Holdings Ltd - Net Assets Trend (1995–2025)

This chart illustrates how Tabcorp Holdings 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 Tabcorp Holdings Ltd (1995–2025)

The table below shows the annual net assets of Tabcorp Holdings Ltd from 1995 to 2025.

Year Net Assets Change
2025-06-30 AU$1.25 Billion +0.57%
2024-06-30 AU$1.25 Billion -53.11%
2023-06-30 AU$2.66 Billion -1.92%
2022-06-30 AU$2.71 Billion -59.51%
2021-06-30 AU$6.70 Billion +11.05%
2020-06-30 AU$6.03 Billion -16.05%
2019-06-30 AU$7.18 Billion -0.77%
2018-06-30 AU$7.24 Billion +387.97%
2017-06-30 AU$1.48 Billion -12.13%
2016-06-30 AU$1.69 Billion -0.12%
2015-06-30 AU$1.69 Billion +14.09%
2014-06-30 AU$1.48 Billion +4.83%
2013-06-30 AU$1.41 Billion +0.53%
2012-06-30 AU$1.41 Billion +16.10%
2011-06-30 AU$1.21 Billion -64.95%
2010-06-30 AU$3.45 Billion +5.43%
2009-06-30 AU$3.28 Billion +18.26%
2008-06-30 AU$2.77 Billion -18.13%
2007-06-30 AU$3.38 Billion +0.63%
2006-06-30 AU$3.36 Billion +2.74%
2005-06-30 AU$3.27 Billion +65.65%
2004-06-30 AU$1.98 Billion +49.71%
2003-06-30 AU$1.32 Billion +3.41%
2002-06-30 AU$1.28 Billion +2.67%
2001-06-30 AU$1.24 Billion +0.42%
2000-06-30 AU$1.24 Billion +97.39%
1999-06-30 AU$627.20 Million -11.36%
1998-06-30 AU$707.57 Million +1.66%
1997-06-30 AU$696.01 Million +0.23%
1996-06-30 AU$694.43 Million -0.48%
1995-06-30 AU$697.75 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tabcorp Holdings 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 2314.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock AU$1.69 Billion 134.69%
Other Comprehensive Income AU$4.60 Million 0.37%
Total Equity AU$1.25 Billion 100.00%

Tabcorp Holdings Ltd Competitors by Market Cap

The table below lists competitors of Tabcorp Holdings Ltd ranked by their market capitalization.

Company Market Cap
Hebei Hengshui Laobaigan Liquor Co Ltd
SHG:600559
 		$1.38 Billion
Diagnostyka S.A.
WAR:DIA
 		$1.38 Billion
Vcanbio Cell & Gene Engineering Corp Ltd
SHG:600645
 		$1.38 Billion
Foreign Trade Bank of Latin America Inc
NYSE:BLX
 		$1.38 Billion
Lucid Group Inc
NASDAQ:LCID
 		$1.38 Billion
BBMG Corp Class A
SHG:601992
 		$1.38 Billion
Kirloskar Oil Engines Limited
NSE:KIRLOSENG
 		$1.38 Billion
ASCENTAGE PHARM. DL-0001
F:36X
 		$1.38 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,246,900,000 to 1,254,000,000, a change of 7,100,000 (0.6%).
  • Net income of 36,600,000 contributed positively to equity growth.
  • Dividend payments of 28,300,000 reduced retained earnings.
  • Share repurchases of 5,000,000 reduced equity.
  • Other comprehensive income increased equity by 7,400,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$36.60 Million +2.92%
Dividends Paid AU$28.30 Million -2.26%
Share Repurchases AU$5.00 Million -0.4%
Other Comprehensive Income AU$7.40 Million +0.59%
Other Changes AU$-3.60 Million -0.29%
Total Change AU$- 0.57%

Book Value vs Market Value Analysis

This analysis compares Tabcorp Holdings 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: 1.81x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.45x to 1.81x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-06-30 AU$2.23 AU$1.00 x
1996-06-30 AU$2.22 AU$1.00 x
1997-06-30 AU$2.19 AU$1.00 x
1998-06-30 AU$2.25 AU$1.00 x
1999-06-30 AU$1.99 AU$1.00 x
2000-06-30 AU$3.42 AU$1.00 x
2001-06-30 AU$3.22 AU$1.00 x
2002-06-30 AU$3.27 AU$1.00 x
2003-06-30 AU$3.44 AU$1.00 x
2004-06-30 AU$4.75 AU$1.00 x
2005-06-30 AU$6.05 AU$1.00 x
2006-06-30 AU$6.15 AU$1.00 x
2007-06-30 AU$6.18 AU$1.00 x
2008-06-30 AU$5.07 AU$1.00 x
2009-06-30 AU$5.63 AU$1.00 x
2010-06-30 AU$5.45 AU$1.00 x
2011-06-30 AU$1.77 AU$1.00 x
2012-06-30 AU$1.91 AU$1.00 x
2013-06-30 AU$1.91 AU$1.00 x
2014-06-30 AU$1.95 AU$1.00 x
2015-06-30 AU$2.13 AU$1.00 x
2016-06-30 AU$2.02 AU$1.00 x
2017-06-30 AU$1.78 AU$1.00 x
2018-06-30 AU$4.88 AU$1.00 x
2019-06-30 AU$3.52 AU$1.00 x
2020-06-30 AU$2.95 AU$1.00 x
2021-06-30 AU$3.06 AU$1.00 x
2022-06-30 AU$1.22 AU$1.00 x
2023-06-30 AU$1.17 AU$1.00 x
2024-06-30 AU$0.55 AU$1.00 x
2025-06-30 AU$0.55 AU$1.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tabcorp Holdings 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): 2.92%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.40%
  • • Asset Turnover: 0.83x
  • • Equity Multiplier: 2.50x
  • Recent ROE (2.92%) is below the historical average (15.57%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 9.09% 11.39% 0.67x 1.20x AU$-6.34 Million
1996 12.55% 11.88% 0.85x 1.25x AU$17.73 Million
1997 14.48% 12.13% 0.96x 1.24x AU$31.16 Million
1998 17.15% 0.00% 0.00x 1.26x AU$50.56 Million
1999 22.85% 0.00% 0.00x 1.42x AU$80.62 Million
2000 14.12% 10.75% 0.63x 2.08x AU$50.97 Million
2001 15.10% 10.36% 0.72x 2.01x AU$63.36 Million
2002 20.45% 13.50% 0.80x 1.89x AU$133.32 Million
2003 19.14% 13.29% 0.79x 1.82x AU$120.64 Million
2004 15.74% 12.63% 0.57x 2.20x AU$113.43 Million
2005 11.33% 9.86% 0.58x 1.98x AU$43.48 Million
2006 16.18% 14.39% 0.56x 2.01x AU$207.52 Million
2007 13.34% 11.74% 0.57x 1.99x AU$112.79 Million
2008 -5.94% -4.16% 0.65x 2.21x AU$-441.68 Million
2009 15.92% 12.52% 0.66x 1.93x AU$194.02 Million
2010 13.59% 11.13% 0.65x 1.87x AU$124.03 Million
2011 44.17% 18.14% 1.04x 2.34x AU$413.71 Million
2012 24.19% 11.21% 0.93x 2.31x AU$199.42 Million
2013 8.96% 6.32% 0.64x 2.23x AU$-14.72 Million
2014 8.77% 6.37% 0.66x 2.10x AU$-18.24 Million
2015 19.79% 15.50% 0.64x 2.00x AU$165.49 Million
2016 10.05% 7.75% 0.66x 1.96x AU$890.00K
2017 -1.40% -0.93% 0.60x 2.52x AU$-169.14 Million
2018 2.10% 4.05% 0.29x 1.79x AU$-571.76 Million
2019 5.05% 10.42% 0.26x 1.90x AU$-355.80 Million
2020 -14.43% -27.03% 0.26x 2.06x AU$-1.47 Billion
2021 4.02% 12.54% 0.18x 1.77x AU$-400.61 Million
2022 249.93% 336.54% 0.50x 1.49x AU$6.50 Billion
2023 2.50% 3.17% 0.52x 1.52x AU$-199.41 Million
2024 -109.05% -58.13% 0.69x 2.71x AU$-1.48 Billion
2025 2.92% 1.40% 0.83x 2.50x AU$-88.80 Million

Industry Comparison

This section compares Tabcorp Holdings Ltd's net assets metrics with peer companies in the Gambling industry.

Industry Context

  • Industry: Gambling
  • Average net assets among peers: $75,275,000
  • Average return on equity (ROE) among peers: -16.13%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tabcorp Holdings Ltd (TAH) AU$1.27 Billion 9.09% 1.48x $1.38 Billion
Betr Entertainment Ltd (BBT) $28.85 Million -65.27% 0.91x $68.81 Million
Jumbo Interactive Ltd (JIN) $121.70 Million 33.01% 0.48x $258.31 Million