Waterco Ltd
Waterco Limited engages in the manufacture, wholesale, and export of equipment and accessories in the swimming pool, spa pool, spa bath, rural pump, and irrigation and water treatment sectors in Australia, New Zealand, Asia, North America, and Europe. It manufactures and sells solar heating systems for swimming pools and pre-heat industrial solar systems. The company offers pool and spa products,… Read more
Waterco Ltd (WAT) - Net Assets
Latest net assets as of June 2025: AU$142.64 Million AUD
Based on the latest financial reports, Waterco Ltd (WAT) has net assets worth AU$142.64 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$264.24 Million) and total liabilities (AU$121.60 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$142.64 Million |
| % of Total Assets | 53.98% |
| Annual Growth Rate | 8.49% |
| 5-Year Change | 42.01% |
| 10-Year Change | 140.49% |
| Growth Volatility | 12.34 |
Waterco Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Waterco 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 Waterco Ltd (1989–2025)
The table below shows the annual net assets of Waterco Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$142.64 Million | +9.86% |
| 2024-06-30 | AU$129.85 Million | +7.10% |
| 2023-06-30 | AU$121.23 Million | +9.21% |
| 2022-06-30 | AU$111.01 Million | +10.51% |
| 2021-06-30 | AU$100.45 Million | +15.11% |
| 2020-06-30 | AU$87.26 Million | +15.07% |
| 2019-06-30 | AU$75.83 Million | +2.24% |
| 2018-06-30 | AU$74.17 Million | +15.21% |
| 2017-06-30 | AU$64.38 Million | +8.54% |
| 2016-06-30 | AU$59.31 Million | +5.82% |
| 2015-06-30 | AU$56.05 Million | +10.78% |
| 2014-06-30 | AU$50.60 Million | +9.88% |
| 2013-06-30 | AU$46.05 Million | +10.11% |
| 2012-06-30 | AU$41.82 Million | +4.27% |
| 2011-06-30 | AU$40.11 Million | -13.63% |
| 2010-06-30 | AU$46.44 Million | +14.29% |
| 2009-06-30 | AU$40.63 Million | +9.03% |
| 2008-06-30 | AU$37.27 Million | +7.52% |
| 2007-06-30 | AU$34.66 Million | -11.65% |
| 2006-06-30 | AU$39.23 Million | +4.08% |
| 2005-06-30 | AU$37.70 Million | +14.37% |
| 2004-06-30 | AU$32.96 Million | +54.53% |
| 2003-06-30 | AU$21.33 Million | +3.73% |
| 2002-06-30 | AU$20.56 Million | -4.94% |
| 2001-06-30 | AU$21.63 Million | +12.24% |
| 2000-06-30 | AU$19.27 Million | +10.32% |
| 1999-06-30 | AU$17.47 Million | +20.38% |
| 1998-06-30 | AU$14.51 Million | +4.03% |
| 1997-06-30 | AU$13.95 Million | +8.71% |
| 1996-06-30 | AU$12.83 Million | -7.21% |
| 1995-06-30 | AU$13.83 Million | +5.46% |
| 1994-06-30 | AU$13.11 Million | +29.33% |
| 1993-06-30 | AU$10.14 Million | +34.03% |
| 1992-06-30 | AU$7.56 Million | +7.73% |
| 1991-06-30 | AU$7.02 Million | +5.66% |
| 1990-06-30 | AU$6.64 Million | -12.58% |
| 1989-06-30 | AU$7.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Waterco 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 12658.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$76.30 Million | 53.63% |
| Common Stock | AU$33.56 Million | 23.59% |
| Other Comprehensive Income | AU$32.41 Million | 22.78% |
| Total Equity | AU$142.27 Million | 100.00% |
Waterco Ltd Competitors by Market Cap
The table below lists competitors of Waterco Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forian Inc
NASDAQ:FORA
|
$19.39 Million |
|
MFO SA
WAR:MFO
|
$19.39 Million |
|
Greenland Hong Kong Holdings Limited
F:QFRA
|
$19.40 Million |
|
Kleannara
KO:004540
|
$19.40 Million |
|
SCI Information Service Inc
KQ:036120
|
$19.38 Million |
|
Proximar Seafood AS
OL:PROXI
|
$19.38 Million |
|
Western Energy Services Corp
PINK:WEEEF
|
$19.38 Million |
|
Inzi Display Co.Ltd
KQ:037330
|
$19.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Waterco Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 129,532,000 to 142,269,000, a change of 12,737,000 (9.8%).
- Net income of 9,571,000 contributed positively to equity growth.
- Dividend payments of 5,275,000 reduced retained earnings.
- Other comprehensive income increased equity by 8,441,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$9.57 Million | +6.73% |
| Dividends Paid | AU$5.28 Million | -3.71% |
| Other Comprehensive Income | AU$8.44 Million | +5.93% |
| Total Change | AU$- | 9.83% |
Book Value vs Market Value Analysis
This analysis compares Waterco 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: 1.25x
- 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 24.34x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.21 | AU$5.05 | x |
| 1990-06-30 | AU$0.18 | AU$5.05 | x |
| 1991-06-30 | AU$0.19 | AU$5.05 | x |
| 1992-06-30 | AU$0.26 | AU$5.05 | x |
| 1993-06-30 | AU$0.35 | AU$5.05 | x |
| 1994-06-30 | AU$0.46 | AU$5.05 | x |
| 1995-06-30 | AU$0.48 | AU$5.05 | x |
| 1996-06-30 | AU$0.61 | AU$5.05 | x |
| 1997-06-30 | AU$0.88 | AU$5.05 | x |
| 1998-06-30 | AU$0.89 | AU$5.05 | x |
| 1999-06-30 | AU$1.02 | AU$5.05 | x |
| 2000-06-30 | AU$1.06 | AU$5.05 | x |
| 2001-06-30 | AU$1.17 | AU$5.05 | x |
| 2002-06-30 | AU$1.09 | AU$5.05 | x |
| 2003-06-30 | AU$1.13 | AU$5.05 | x |
| 2004-06-30 | AU$1.62 | AU$5.05 | x |
| 2005-06-30 | AU$1.72 | AU$5.05 | x |
| 2006-06-30 | AU$1.72 | AU$5.05 | x |
| 2007-06-30 | AU$1.50 | AU$5.05 | x |
| 2008-06-30 | AU$1.34 | AU$5.05 | x |
| 2009-06-30 | AU$1.39 | AU$5.05 | x |
| 2010-06-30 | AU$1.54 | AU$5.05 | x |
| 2011-06-30 | AU$1.22 | AU$5.05 | x |
| 2012-06-30 | AU$1.24 | AU$5.05 | x |
| 2013-06-30 | AU$1.34 | AU$5.05 | x |
| 2014-06-30 | AU$1.44 | AU$5.05 | x |
| 2015-06-30 | AU$1.55 | AU$5.05 | x |
| 2016-06-30 | AU$1.60 | AU$5.05 | x |
| 2017-06-30 | AU$1.70 | AU$5.05 | x |
| 2018-06-30 | AU$1.97 | AU$5.05 | x |
| 2019-06-30 | AU$2.04 | AU$5.05 | x |
| 2020-06-30 | AU$2.42 | AU$5.05 | x |
| 2021-06-30 | AU$2.79 | AU$5.05 | x |
| 2022-06-30 | AU$3.10 | AU$5.05 | x |
| 2023-06-30 | AU$3.42 | AU$5.05 | x |
| 2024-06-30 | AU$3.68 | AU$5.05 | x |
| 2025-06-30 | AU$4.04 | AU$5.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Waterco Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.75%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.86x
- Recent ROE (6.73%) is above the historical average (3.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 2.79% | 0.00% | 0.00x | 2.06x | AU$-548.10K |
| 1993 | 0.02% | 0.00% | 0.00x | 2.00x | AU$-1.01 Million |
| 1994 | 0.01% | 0.00% | 0.00x | 1.59x | AU$-1.31 Million |
| 1995 | -0.11% | 0.00% | 0.00x | 1.82x | AU$-1.40 Million |
| 1996 | 0.00% | 0.00% | 0.00x | 2.05x | AU$-1.28 Million |
| 1997 | -0.03% | 0.00% | 0.00x | 1.88x | AU$-1.40 Million |
| 1998 | -0.11% | 0.00% | 0.00x | 2.04x | AU$-1.46 Million |
| 1999 | -0.27% | 0.00% | 0.00x | 1.80x | AU$-1.79 Million |
| 2000 | -0.11% | -0.05% | 1.31x | 1.86x | AU$-1.94 Million |
| 2001 | 0.38% | 0.15% | 1.25x | 2.06x | AU$-2.08 Million |
| 2002 | -0.08% | -0.03% | 1.27x | 2.30x | AU$-2.07 Million |
| 2003 | 0.40% | 0.12% | 1.49x | 2.20x | AU$-2.05 Million |
| 2004 | 0.14% | 0.06% | 1.32x | 1.69x | AU$-3.26 Million |
| 2005 | -0.03% | -0.02% | 1.11x | 1.94x | AU$-3.80 Million |
| 2006 | 10.76% | 4.69% | 1.07x | 2.14x | AU$297.53K |
| 2007 | -7.61% | -3.18% | 1.01x | 2.36x | AU$-6.05 Million |
| 2008 | -9.64% | -4.65% | 1.07x | 1.95x | AU$-7.25 Million |
| 2009 | 5.74% | 3.23% | 0.97x | 1.83x | AU$-1.72 Million |
| 2010 | 8.01% | 5.18% | 0.91x | 1.71x | AU$-919.18K |
| 2011 | 8.03% | 4.70% | 0.94x | 1.82x | AU$-784.22K |
| 2012 | 4.89% | 3.05% | 0.90x | 1.78x | AU$-2.12 Million |
| 2013 | 3.66% | 2.43% | 0.80x | 1.88x | AU$-2.90 Million |
| 2014 | 1.81% | 1.16% | 0.84x | 1.85x | AU$-4.11 Million |
| 2015 | 2.67% | 1.68% | 0.91x | 1.75x | AU$-4.07 Million |
| 2016 | 4.74% | 3.32% | 0.91x | 1.57x | AU$-3.10 Million |
| 2017 | 5.70% | 4.27% | 0.85x | 1.58x | AU$-2.74 Million |
| 2018 | 5.23% | 4.38% | 0.75x | 1.59x | AU$-3.50 Million |
| 2019 | 4.13% | 3.51% | 0.76x | 1.56x | AU$-4.41 Million |
| 2020 | 2.34% | 2.17% | 0.64x | 1.69x | AU$-6.64 Million |
| 2021 | 12.77% | 11.30% | 0.83x | 1.36x | AU$2.77 Million |
| 2022 | 10.53% | 9.48% | 0.78x | 1.43x | AU$590.70K |
| 2023 | 8.97% | 8.47% | 0.76x | 1.39x | AU$-1.24 Million |
| 2024 | 10.73% | 5.68% | 0.95x | 1.99x | AU$951.80K |
| 2025 | 6.73% | 3.75% | 0.96x | 1.86x | AU$-4.66 Million |
Industry Comparison
This section compares Waterco Ltd's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $11,658,044
- Average return on equity (ROE) among peers: -45.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Waterco Ltd (WAT) | AU$142.64 Million | 2.79% | 0.85x | $19.39 Million |
| Aeris Environmental Ltd (AEI) | $7.70 Million | -3.77% | 0.07x | $3.20 Million |
| De.Mem Ltd (DEM) | $3.23 Million | -195.35% | 0.95x | $11.41 Million |
| Environmental Clean Technologies Ltd (ECT) | $6.08 Million | 0.00% | 0.92x | $7.92 Million |
| Environmental Group Ltd (the) (EGL) | $25.13 Million | 6.18% | 0.80x | $29.64 Million |
| Phoslock Environmental Technologies Ltd (PET) | $24.00 Million | -5.57% | 0.15x | $3.25 Million |
| Parkway Corporate Ltd (PWN) | $3.81 Million | -75.05% | 0.12x | $11.05 Million |