Wam Alternative Assets Ltd (WMA) - Net Assets

Latest as of June 2026: AU$227.22 Million AUD ≈ $160.77 Million USD

Based on the latest financial reports, Wam Alternative Assets Ltd (WMA) has net assets worth AU$227.22 Million AUD (≈ $160.77 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$235.44 Million ≈ $166.59 Million USD) and total liabilities (AU$8.22 Million ≈ $5.82 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 strategic asset allocation of Wam Alternative Assets Ltd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$227.22 Million
% of Total Assets	96.51%
Annual Growth Rate	11.94%
5-Year Change	-2.02%
10-Year Change	18.43%
Growth Volatility	22.45

Wam Alternative Assets Ltd - Net Assets Trend (2013–2025)

This chart illustrates how Wam Alternative Assets Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see WMA market cap overview.

Annual Net Assets for Wam Alternative Assets Ltd (2013–2025)

The table below shows the annual net assets of Wam Alternative Assets Ltd from 2013 to 2025. Also explore WMA net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	AU$227.22 Million ≈ $160.77 Million	+0.12%
2024-12-31	AU$226.96 Million ≈ $160.59 Million	-1.50%
2023-12-31	AU$230.42 Million ≈ $163.03 Million	-1.27%
2022-12-31	AU$233.39 Million ≈ $165.14 Million	+0.63%
2021-12-31	AU$231.92 Million ≈ $164.10 Million	+4.94%
2020-12-31	AU$221.00 Million ≈ $156.37 Million	+4.69%
2019-12-31	AU$211.11 Million ≈ $149.37 Million	-4.56%
2018-12-31	AU$221.20 Million ≈ $156.51 Million	-5.44%
2017-12-31	AU$233.92 Million ≈ $165.52 Million	+21.93%
2016-12-31	AU$191.86 Million ≈ $135.75 Million	+37.08%
2015-12-31	AU$139.96 Million ≈ $99.03 Million	+68.29%
2014-12-31	AU$83.16 Million ≈ $58.84 Million	+41.75%
2013-12-31	AU$58.67 Million ≈ $41.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wam Alternative Assets 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 760610300.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$208.09 Million	91.58%
Other Comprehensive Income	AU$27.23 Million	11.98%
Total Equity	AU$227.22 Million	100.00%

Wam Alternative Assets Ltd Competitors by Market Cap

The table below lists competitors of Wam Alternative Assets Ltd ranked by their market capitalization.

Company	Market Cap
Everest Textile Co Ltd TW:1460	$135.57 Million
Lindsell Train Investment Trust Plc LSE:LTI	$135.60 Million
Compañía Minera Autlán S.A.B. de C.V MX:AUTLANB	$135.61 Million
RCM Technologies Inc NASDAQ:RCMT	$135.61 Million
NIIT Limited NSE:NIITLTD	$135.51 Million
Greystone Housing Impact Investors LP NYSE:GHI	$135.48 Million
Sungshin Cemen KO:004980	$135.48 Million
Kangstem Biotech Co. Ltd KQ:217730	$135.45 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 226,957,641 to 227,222,036, a change of 264,395 (0.1%).
Net income of 11,189,725 contributed positively to equity growth.
Dividend payments of 10,925,330 reduced retained earnings.
Other comprehensive income decreased equity by 616,676.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$11.19 Million	+4.92%
Dividends Paid	AU$10.93 Million	-4.81%
Other Comprehensive Income	AU$-616.68K	-0.27%
Other Changes	AU$616.68K	+0.27%
Total Change	AU$-	0.12%

Book Value vs Market Value Analysis

This analysis compares Wam Alternative Assets 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: 0.84x
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 2.28x to 0.84x 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$0.43	AU$0.97	x
2014-12-31	AU$0.60	AU$0.97	x
2015-12-31	AU$1.02	AU$0.97	x
2016-12-31	AU$1.24	AU$0.97	x
2017-12-31	AU$1.18	AU$0.97	x
2018-12-31	AU$1.08	AU$0.97	x
2019-12-31	AU$1.06	AU$0.97	x
2020-12-31	AU$1.14	AU$0.97	x
2021-12-31	AU$1.19	AU$0.97	x
2022-12-31	AU$1.20	AU$0.97	x
2023-12-31	AU$1.18	AU$0.97	x
2024-12-31	AU$1.16	AU$0.97	x
2025-12-31	AU$1.15	AU$0.97	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wam Alternative Assets 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): 4.92%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 55.85%
• Asset Turnover: 0.09x
• Equity Multiplier: 1.04x
Recent ROE (4.92%) is above the historical average (4.56%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-0.84%	0.00%	-0.01x	1.05x	AU$-6.36 Million
2014	5.62%	61.59%	0.09x	1.04x	AU$-3.65 Million
2015	9.64%	68.96%	0.13x	1.04x	AU$-499.50K
2016	6.79%	63.02%	0.09x	1.13x	AU$-6.16 Million
2017	2.15%	43.25%	0.05x	1.04x	AU$-18.36 Million
2018	3.03%	51.05%	0.06x	1.05x	AU$-15.41 Million
2019	2.43%	47.87%	0.05x	1.03x	AU$-15.98 Million
2020	8.15%	69.19%	0.10x	1.20x	AU$-4.08 Million
2021	7.78%	67.91%	0.09x	1.30x	AU$-5.14 Million
2022	4.06%	62.66%	0.05x	1.25x	AU$-13.85 Million
2023	2.75%	53.92%	0.04x	1.21x	AU$-16.70 Million
2024	2.75%	54.42%	0.04x	1.21x	AU$-16.46 Million
2025	4.92%	55.85%	0.09x	1.04x	AU$-11.53 Million

Industry Comparison

This section compares Wam Alternative Assets Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $929,378,316
Average return on equity (ROE) among peers: 11.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wam Alternative Assets Ltd (WMA)	AU$227.22 Million	-0.84%	0.04x	$135.51 Million
Acorn Capital Investment Fund Ltd (ACQ)	$97.27 Million	3.12%	0.02x	$57.41 Million
Australian Ethical Investment Ltd (AEF)	$15.31 Million	33.19%	0.51x	$333.44 Million
Australian Foundation Investment Company Ltd (AFI)	$1.92 Billion	4.89%	0.10x	$5.73 Billion
Alternative Investment Trust (AIQ)	$0.00	0.00%	0.00x	$33.44 Million
Argo Global Listed Infrastructure Ltd (ALI)	$417.88 Million	2.30%	0.04x	$329.25 Million
Amcil Ltd (AMH)	$3.45 Billion	-1.39%	0.80x	$199.18 Million
Associate Global Partners Ltd (APL)	$864.08K	9.22%	0.04x	$10.38 Million
Ariadne Australia Ltd (ARA)	$179.97 Million	43.89%	0.05x	$64.62 Million
ARC Funds Ltd (ARC)	$7.44 Million	17.23%	0.01x	$3.50 Million
Argo Investments Ltd (ARG)	$3.21 Billion	5.21%	0.09x	$4.93 Billion

About Wam Alternative Assets Ltd

AU:WMA Australia Asset Management

Market Cap

$135.51 Million

AU$191.52 Million AUD

Market Cap Rank

#18127 Global

#550 in Australia

Share Price

AU$0.97

Change (1 day)

+0.52%

52-Week Range

AU$0.96 - AU$1.06

All Time High

AU$1.06