Weststar Industrial Ltd (WSI) - Net Assets
Based on the latest financial reports, Weststar Industrial Ltd (WSI) has net assets worth AU$27.83 Million AUD (≈ $19.69 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$55.15 Million ≈ $39.02 Million USD) and total liabilities (AU$27.33 Million ≈ $19.33 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 how resilient are Weststar Industrial Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$27.83 Million |
| % of Total Assets | 50.45% |
| Annual Growth Rate | 3.95% |
| 5-Year Change | 87.61% |
| 10-Year Change | N/A |
| Growth Volatility | 128.69 |
Weststar Industrial Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Weststar Industrial Ltd's net assets have evolved over time, based on quarterly financial data. Also explore WSI total assets for the complete picture of this company's asset base.
Annual Net Assets for Weststar Industrial Ltd (1989–2025)
The table below shows the annual net assets of Weststar Industrial Ltd from 1989 to 2025. For live valuation and market cap data, see Weststar Industrial Ltd (WSI) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$27.83 Million ≈ $19.69 Million |
-7.20% |
| 2024-06-30 | AU$29.98 Million ≈ $21.22 Million |
+17.17% |
| 2023-06-30 | AU$25.59 Million ≈ $18.11 Million |
+8.21% |
| 2022-06-30 | AU$23.65 Million ≈ $16.73 Million |
+59.45% |
| 2021-06-30 | AU$14.83 Million ≈ $10.49 Million |
+11.65% |
| 2020-06-30 | AU$13.28 Million ≈ $9.40 Million |
+386.37% |
| 2019-06-30 | AU$2.73 Million ≈ $1.93 Million |
+698.47% |
| 2018-06-30 | AU$-456.39K ≈ $-322.92K |
-167.18% |
| 2017-06-30 | AU$679.40K ≈ $480.72K |
+197.19% |
| 2016-06-30 | AU$-699.03K ≈ $-494.61K |
-7357.13% |
| 2015-06-30 | AU$-9.37K ≈ $-6.63K |
+99.26% |
| 2014-06-30 | AU$-1.26 Million ≈ $-894.72K |
-123.13% |
| 2013-06-30 | AU$5.47 Million ≈ $3.87 Million |
-7.03% |
| 2012-06-30 | AU$5.88 Million ≈ $4.16 Million |
+105.32% |
| 2011-06-30 | AU$2.86 Million ≈ $2.03 Million |
+389.57% |
| 2010-06-30 | AU$584.97K ≈ $413.90K |
+605.97% |
| 2009-06-30 | AU$-115.61K ≈ $-81.80K |
-105.10% |
| 2008-06-30 | AU$2.27 Million ≈ $1.60 Million |
+26.34% |
| 2007-06-30 | AU$1.80 Million ≈ $1.27 Million |
-29.84% |
| 2006-06-30 | AU$2.56 Million ≈ $1.81 Million |
-85.12% |
| 1997-06-30 | AU$17.20 Million ≈ $12.17 Million |
-9.81% |
| 1996-06-30 | AU$19.07 Million ≈ $13.49 Million |
+0.57% |
| 1995-06-30 | AU$18.96 Million ≈ $13.42 Million |
+6.31% |
| 1994-06-30 | AU$17.84 Million ≈ $12.62 Million |
+134.51% |
| 1993-06-30 | AU$7.61 Million ≈ $5.38 Million |
+16.33% |
| 1992-06-30 | AU$6.54 Million ≈ $4.63 Million |
-4.26% |
| 1991-06-30 | AU$6.83 Million ≈ $4.83 Million |
-0.91% |
| 1990-06-30 | AU$6.89 Million ≈ $4.88 Million |
+0.06% |
| 1989-06-30 | AU$6.89 Million ≈ $4.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Weststar Industrial 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 364098900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.17 Million | 4.21% |
| Common Stock | AU$26.54 Million | 95.36% |
| Other Comprehensive Income | AU$119.48K | 0.43% |
| Total Equity | AU$27.83 Million | 100.00% |
Weststar Industrial Ltd Competitors by Market Cap
The table below lists competitors of Weststar Industrial Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henderson Smaller Cos Inv Tst
LSE:HSL
|
$6.11 Million |
|
Papyrus Australia Ltd
AU:PPY
|
$6.11 Million |
|
enVVeno Medical Corp
NASDAQ:NVNO
|
$6.11 Million |
|
Princess Private Equity Holding Ltd
LSE:PEYS
|
$6.12 Million |
|
Ecclesiastical Insurance Office plc
LSE:ELLA
|
$6.10 Million |
|
Raize Servicos de Gestao SA
LS:MLRZE
|
$6.10 Million |
|
Dolphin International Bhd
KLSE:5265
|
$6.10 Million |
|
XMReality AB
ST:XMR
|
$6.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Weststar Industrial Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,984,147 to 27,826,256, a change of -2,157,891 (-7.2%).
- Net loss of 3,414,951 reduced equity.
- Other comprehensive income decreased equity by 68,440.
- Other factors increased equity by 1,325,500.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.41 Million | -12.27% |
| Other Comprehensive Income | AU$-68.44K | -0.25% |
| Other Changes | AU$1.33 Million | +4.76% |
| Total Change | AU$- | -7.20% |
Book Value vs Market Value Analysis
This analysis compares Weststar Industrial 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: 0.30x
- 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 4.79x to 0.30x 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$0.01 | AU$0.07 | x |
| 1990-06-30 | AU$0.01 | AU$0.07 | x |
| 1991-06-30 | AU$19.36 | AU$0.07 | x |
| 1992-06-30 | AU$18.53 | AU$0.07 | x |
| 1993-06-30 | AU$17.96 | AU$0.07 | x |
| 1994-06-30 | AU$31.79 | AU$0.07 | x |
| 1995-06-30 | AU$30.88 | AU$0.07 | x |
| 1996-06-30 | AU$31.79 | AU$0.07 | x |
| 1997-06-30 | AU$30.50 | AU$0.07 | x |
| 2006-06-30 | AU$8.71 | AU$0.07 | x |
| 2007-06-30 | AU$5.94 | AU$0.07 | x |
| 2008-06-30 | AU$4.56 | AU$0.07 | x |
| 2009-06-30 | AU$-0.45 | AU$0.07 | x |
| 2010-06-30 | AU$0.69 | AU$0.07 | x |
| 2011-06-30 | AU$2.46 | AU$0.07 | x |
| 2012-06-30 | AU$4.81 | AU$0.07 | x |
| 2013-06-30 | AU$2.41 | AU$0.07 | x |
| 2014-06-30 | AU$-0.53 | AU$0.07 | x |
| 2015-06-30 | AU$-0.01 | AU$0.07 | x |
| 2016-06-30 | AU$-0.32 | AU$0.07 | x |
| 2017-06-30 | AU$0.03 | AU$0.07 | x |
| 2018-06-30 | AU$-0.01 | AU$0.07 | x |
| 2019-06-30 | AU$0.05 | AU$0.07 | x |
| 2020-06-30 | AU$0.18 | AU$0.07 | x |
| 2021-06-30 | AU$0.15 | AU$0.07 | x |
| 2022-06-30 | AU$0.22 | AU$0.07 | x |
| 2023-06-30 | AU$0.23 | AU$0.07 | x |
| 2024-06-30 | AU$0.27 | AU$0.07 | x |
| 2025-06-30 | AU$0.23 | AU$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Weststar Industrial Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.61%
- • Asset Turnover: 2.37x
- • Equity Multiplier: 1.98x
- Recent ROE (-12.27%) is above the historical average (-60.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | -5.26% | 0.00% | 0.00x | 1.90x | AU$-966.60K |
| 1994 | -2.96% | 0.00% | 0.00x | 1.46x | AU$-2.00 Million |
| 1995 | -8.02% | 0.00% | 0.00x | 1.52x | AU$-2.70 Million |
| 1996 | -1.78% | 0.00% | 0.00x | 1.14x | AU$-2.11 Million |
| 1997 | -1.30% | 0.00% | 0.00x | 1.05x | AU$-1.94 Million |
| 2006 | -42.81% | 0.00% | 0.00x | 1.11x | AU$-1.35 Million |
| 2007 | -120.96% | 0.00% | 0.00x | 1.16x | AU$-2.35 Million |
| 2008 | -172.18% | 0.00% | 0.00x | 1.09x | AU$-4.13 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-1.34 Million |
| 2010 | -175.28% | 0.00% | 0.00x | 1.14x | AU$-1.08 Million |
| 2011 | -34.25% | 0.00% | 0.00x | 1.06x | AU$-1.27 Million |
| 2012 | -29.94% | 0.00% | 0.00x | 1.07x | AU$-2.35 Million |
| 2013 | -49.40% | 0.00% | 0.00x | 1.41x | AU$-3.25 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-6.74 Million |
| 2015 | 0.00% | 1732938.67% | 0.00x | 0.00x | AU$2.60 Million |
| 2016 | 0.00% | -10.98% | 4.48x | 0.00x | AU$-724.09K |
| 2017 | -968.01% | -143.65% | 1.41x | 4.78x | AU$-6.64 Million |
| 2018 | 0.00% | -33.73% | 1.65x | 0.00x | AU$-3.02 Million |
| 2019 | 36.04% | 3.45% | 1.16x | 8.98x | AU$711.15K |
| 2020 | 26.03% | 5.54% | 1.68x | 2.80x | AU$2.13 Million |
| 2021 | 5.65% | 1.17% | 1.53x | 3.16x | AU$-645.72K |
| 2022 | 18.23% | 2.37% | 2.88x | 2.67x | AU$1.95 Million |
| 2023 | 6.87% | 0.58% | 3.85x | 3.09x | AU$-800.09K |
| 2024 | 10.99% | 1.60% | 2.81x | 2.44x | AU$295.35K |
| 2025 | -12.27% | -2.61% | 2.37x | 1.98x | AU$-6.20 Million |
Industry Comparison
This section compares Weststar Industrial Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $218,341,946
- Average return on equity (ROE) among peers: 3.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Weststar Industrial Ltd (WSI) | AU$27.83 Million | -5.26% | 0.98x | $6.10 Million |
| Acrow Ltd (ACF) | $253.00K | 0.00% | 0.48x | $191.79 Million |
| BSA Ltd (BSA) | $43.72 Million | 8.86% | 2.23x | $18.12 Million |
| Civmec Ltd (CVL) | $421.51 Million | 13.71% | 0.84x | $571.54 Million |
| Dynamic Group Holdings Ltd (DDB) | $-515.17K | 0.00% | 0.00x | $28.36 Million |
| Downer Edi Ltd (DOW) | $1.62 Billion | 6.97% | 1.54x | $3.50 Billion |
| Duratec Ltd (DUR) | $30.96 Million | 25.07% | 3.45x | $498.08 Million |
| EVZ Ltd (EVZ) | $18.60 Million | -33.39% | 1.47x | $37.83 Million |
| Fleetwood Ltd (FWD) | $38.52 Million | 9.77% | 1.30x | $109.07 Million |
| Genusplus Group Ltd (GNP) | $18.78 Million | 2.61% | 1.34x | $1.22 Billion |
| Johns LYNG Group Ltd (JLG) | $-6.10 Million | 0.00% | 0.00x | $806.21 Million |
About Weststar Industrial Ltd
WestStar Industrial Limited, an industrial services company, provides engineering, fabrication, construction, and maintenance services to resources, energy, oil and gas, petrochemical, water, defence, and infrastructure sectors in Australia. It operates through SIMPEC, Alltype, and Watmar segments. The company's services include structural and mechanical piping, and electrical and instrumentation… Read more