Whitefield Industrials Ltd
Whitefield Limited operates in the securities industry primarily in Australia. The company invests in shares and securities. The company was founded in 1923 and is based in Sydney, Australia.
Whitefield Industrials Ltd (WHF) - Net Assets
Latest net assets as of September 2025: AU$708.97 Million AUD
Based on the latest financial reports, Whitefield Industrials Ltd (WHF) has net assets worth AU$708.97 Million AUD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$812.34 Million) and total liabilities (AU$103.38 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$708.97 Million |
| % of Total Assets | 87.27% |
| Annual Growth Rate | 7.58% |
| 5-Year Change | 41.9% |
| 10-Year Change | 66.95% |
| Growth Volatility | 21.91 |
Whitefield Industrials Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Whitefield Industrials 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 Whitefield Industrials Ltd (1989–2025)
The table below shows the annual net assets of Whitefield Industrials Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | AU$650.17 Million | +5.37% |
| 2024-03-31 | AU$617.07 Million | +11.93% |
| 2023-03-31 | AU$551.32 Million | -1.23% |
| 2022-03-31 | AU$558.20 Million | +21.82% |
| 2021-03-31 | AU$458.20 Million | +21.45% |
| 2020-03-31 | AU$377.27 Million | -10.16% |
| 2019-03-31 | AU$419.94 Million | +7.74% |
| 2018-03-31 | AU$389.78 Million | +35.84% |
| 2017-12-31 | AU$286.95 Million | -26.32% |
| 2017-03-31 | AU$389.45 Million | +56.16% |
| 2016-12-31 | AU$249.39 Million | -27.18% |
| 2016-03-31 | AU$342.46 Million | +40.32% |
| 2015-12-31 | AU$244.05 Million | -32.15% |
| 2015-03-31 | AU$359.68 Million | +59.60% |
| 2014-12-31 | AU$225.36 Million | -28.91% |
| 2014-03-31 | AU$317.02 Million | +9.47% |
| 2013-03-31 | AU$289.59 Million | +16.87% |
| 2012-03-31 | AU$247.79 Million | +20.02% |
| 2011-03-31 | AU$206.45 Million | -12.98% |
| 2010-03-31 | AU$237.24 Million | +20.79% |
| 2009-03-31 | AU$196.41 Million | -28.72% |
| 2008-03-31 | AU$275.57 Million | -3.17% |
| 2007-03-31 | AU$284.60 Million | +36.89% |
| 2006-03-31 | AU$207.89 Million | +24.08% |
| 2005-03-31 | AU$167.54 Million | +23.72% |
| 2004-03-31 | AU$135.42 Million | +26.29% |
| 2003-03-31 | AU$107.23 Million | -13.00% |
| 2002-03-31 | AU$123.25 Million | +10.27% |
| 2001-03-31 | AU$111.77 Million | +8.17% |
| 2000-03-31 | AU$103.32 Million | -1.05% |
| 1999-03-31 | AU$104.42 Million | +15.57% |
| 1998-03-31 | AU$90.35 Million | +33.44% |
| 1996-03-31 | AU$67.71 Million | +12.18% |
| 1995-03-31 | AU$60.36 Million | -5.88% |
| 1994-03-31 | AU$64.12 Million | +20.59% |
| 1993-03-31 | AU$53.18 Million | -3.86% |
| 1992-03-31 | AU$55.31 Million | +11.45% |
| 1991-03-31 | AU$49.63 Million | +2.66% |
| 1990-03-31 | AU$48.34 Million | +3.05% |
| 1989-03-31 | AU$46.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Whitefield Industrials 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 8913.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$40.47 Million | 6.22% |
| Common Stock | AU$380.82 Million | 58.57% |
| Other Comprehensive Income | AU$228.88 Million | 35.20% |
| Total Equity | AU$650.17 Million | 100.00% |
Whitefield Industrials Ltd Competitors by Market Cap
The table below lists competitors of Whitefield Industrials Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WOOLWORTHS HLDGS
BE:WN3
|
$29.06K |
|
MIBE
PINK:MIBE
|
$29.13K |
|
TULLETT PREBON
BE:N5C
|
$29.19K |
|
Biogena Group Invest AG
VI:BIO
|
$29.26K |
|
SHS VIVEON
MU:SHWK
|
$28.97K |
|
TURBON
BE:TUR
|
$28.96K |
|
Murree Brewery Company Ltd
KAR:MUREB
|
$28.94K |
|
CXSE3F
SA:CXSE3F
|
$28.91K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Whitefield Industrials Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 617,065,163 to 650,173,688, a change of 33,108,525 (5.4%).
- Net income of 22,394,769 contributed positively to equity growth.
- Dividend payments of 20,915,206 reduced retained earnings.
- Share repurchases of 11,700,072 reduced equity.
- Other comprehensive income increased equity by 13,227,054.
- Other factors increased equity by 30,101,980.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$22.39 Million | +3.44% |
| Dividends Paid | AU$20.92 Million | -3.22% |
| Share Repurchases | AU$11.70 Million | -1.8% |
| Other Comprehensive Income | AU$13.23 Million | +2.03% |
| Other Changes | AU$30.10 Million | +4.63% |
| Total Change | AU$- | 5.37% |
Book Value vs Market Value Analysis
This analysis compares Whitefield Industrials 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: 0.93x
- 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 12.86x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-03-31 | AU$0.40 | AU$5.10 | x |
| 1990-03-31 | AU$0.41 | AU$5.10 | x |
| 1991-03-31 | AU$0.42 | AU$5.10 | x |
| 1992-03-31 | AU$0.47 | AU$5.10 | x |
| 1993-03-31 | AU$0.45 | AU$5.10 | x |
| 1994-03-31 | AU$0.54 | AU$5.10 | x |
| 1995-03-31 | AU$0.51 | AU$5.10 | x |
| 1996-03-31 | AU$0.57 | AU$5.10 | x |
| 1997-03-31 | AU$0.87 | AU$5.10 | x |
| 1998-03-31 | AU$0.76 | AU$5.10 | x |
| 1999-03-31 | AU$0.88 | AU$5.10 | x |
| 2000-03-31 | AU$0.87 | AU$5.10 | x |
| 2001-03-31 | AU$0.94 | AU$5.10 | x |
| 2002-03-31 | AU$1.04 | AU$5.10 | x |
| 2003-03-31 | AU$0.91 | AU$5.10 | x |
| 2004-03-31 | AU$1.14 | AU$5.10 | x |
| 2005-03-31 | AU$1.42 | AU$5.10 | x |
| 2006-03-31 | AU$1.76 | AU$5.10 | x |
| 2007-03-31 | AU$2.41 | AU$5.10 | x |
| 2008-03-31 | AU$2.33 | AU$5.10 | x |
| 2009-03-31 | AU$1.66 | AU$5.10 | x |
| 2010-03-31 | AU$2.01 | AU$5.10 | x |
| 2011-03-31 | AU$1.75 | AU$5.10 | x |
| 2012-03-31 | AU$2.09 | AU$5.10 | x |
| 2013-03-31 | AU$2.45 | AU$5.10 | x |
| 2014-03-31 | AU$2.68 | AU$5.10 | x |
| 2015-03-31 | AU$3.04 | AU$5.10 | x |
| 2016-03-31 | AU$4.31 | AU$5.10 | x |
| 2017-03-31 | AU$3.29 | AU$5.10 | x |
| 2018-03-31 | AU$3.29 | AU$5.10 | x |
| 2019-03-31 | AU$4.73 | AU$5.10 | x |
| 2020-03-31 | AU$4.09 | AU$5.10 | x |
| 2021-03-31 | AU$3.87 | AU$5.10 | x |
| 2022-03-31 | AU$4.72 | AU$5.10 | x |
| 2023-03-31 | AU$4.83 | AU$5.10 | x |
| 2024-03-31 | AU$5.29 | AU$5.10 | x |
| 2025-03-31 | AU$5.50 | AU$5.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Whitefield Industrials Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.88%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.12x
- Recent ROE (3.44%) is below the historical average (4.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 7.64% | 0.00% | 0.00x | 1.01x | AU$-1.11 Million |
| 1990 | 6.54% | 0.00% | 0.00x | 1.02x | AU$-1.67 Million |
| 1992 | 3.58% | 0.00% | 0.00x | 1.02x | AU$-3.55 Million |
| 1998 | 5.56% | 0.00% | 0.00x | 1.09x | AU$-4.01 Million |
| 1999 | 4.45% | 0.00% | 0.00x | 1.12x | AU$-5.80 Million |
| 2000 | 4.70% | 92.23% | 0.05x | 1.09x | AU$-5.48 Million |
| 2001 | 4.02% | 94.23% | 0.04x | 1.11x | AU$-6.69 Million |
| 2002 | 3.49% | 89.63% | 0.03x | 1.12x | AU$-8.03 Million |
| 2003 | 4.22% | 88.53% | 0.05x | 1.05x | AU$-6.20 Million |
| 2004 | 3.68% | 91.83% | 0.04x | 1.07x | AU$-8.56 Million |
| 2005 | 3.86% | 91.68% | 0.04x | 1.11x | AU$-10.29 Million |
| 2006 | 9.45% | 77.29% | 0.11x | 1.14x | AU$-1.15 Million |
| 2007 | 6.62% | 82.20% | 0.07x | 1.15x | AU$-9.63 Million |
| 2008 | 12.90% | 78.42% | 0.16x | 1.05x | AU$7.99 Million |
| 2009 | 0.35% | 23.18% | 0.01x | 1.00x | AU$-18.96 Million |
| 2010 | 0.43% | 0.00% | 0.00x | 1.04x | AU$-22.71 Million |
| 2011 | 4.13% | 87.29% | 0.04x | 1.07x | AU$-12.13 Million |
| 2012 | 7.56% | 151.60% | 0.05x | 1.04x | AU$-6.04 Million |
| 2013 | 3.53% | 89.37% | 0.03x | 1.20x | AU$-18.73 Million |
| 2014 | 3.78% | 88.70% | 0.03x | 1.25x | AU$-19.72 Million |
| 2014 | 8.67% | 61.60% | 0.07x | 1.89x | AU$-2.99 Million |
| 2015 | 3.54% | 85.87% | 0.03x | 1.26x | AU$-23.23 Million |
| 2015 | -1.16% | -7.62% | 0.08x | 1.81x | AU$-27.23 Million |
| 2016 | 3.85% | 84.66% | 0.04x | 1.22x | AU$-21.05 Million |
| 2016 | 12.56% | 68.61% | 0.10x | 1.79x | AU$6.39 Million |
| 2017 | 3.60% | 84.04% | 0.04x | 1.22x | AU$-24.92 Million |
| 2017 | 12.00% | 76.56% | 0.09x | 1.69x | AU$5.75 Million |
| 2018 | 3.93% | 85.17% | 0.04x | 1.21x | AU$-23.67 Million |
| 2019 | 4.21% | 82.59% | 0.04x | 1.18x | AU$-24.33 Million |
| 2020 | 4.68% | 84.78% | 0.05x | 1.15x | AU$-20.07 Million |
| 2021 | 2.14% | 77.01% | 0.02x | 1.20x | AU$-36.00 Million |
| 2022 | 3.01% | 82.00% | 0.03x | 1.17x | AU$-39.03 Million |
| 2023 | 3.27% | 82.54% | 0.03x | 1.13x | AU$-37.12 Million |
| 2024 | 3.31% | 82.78% | 0.03x | 1.17x | AU$-41.27 Million |
| 2025 | 3.44% | 84.88% | 0.04x | 1.12x | AU$-42.62 Million |
Industry Comparison
This section compares Whitefield Industrials Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $589,126,514
- Average return on equity (ROE) among peers: -25.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Whitefield Industrials Ltd (WHF) | AU$708.97 Million | 7.64% | 0.15x | $28.99K |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $281.69 Million | 15.05% | 0.96x | $8.06K |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Amcil Ltd (AMH) | $128.23 Million | 0.00% | 0.02x | $137.06 Million |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |