National Australia Bank Limited (NAL) - Net Assets
Based on the latest financial reports, National Australia Bank Limited (NAL) has net assets worth €62.92 Billion EUR as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.10 Trillion) and total liabilities (€1.03 Trillion). 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 | €62.92 Billion |
| % of Total Assets | 5.74% |
| Annual Growth Rate | 6.46% |
| 5-Year Change | 1.5% |
| 10-Year Change | 12.07% |
| Growth Volatility | 39.37 |
National Australia Bank Limited - Net Assets Trend (2004–2024)
This chart illustrates how National Australia Bank Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Australia Bank Limited (2004–2024)
The table below shows the annual net assets of National Australia Bank Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | €62.21 Billion | +1.15% |
| 2023-09-30 | €61.50 Billion | +4.19% |
| 2022-09-30 | €59.03 Billion | -5.97% |
| 2021-09-30 | €62.78 Billion | +2.42% |
| 2020-09-30 | €61.29 Billion | +10.23% |
| 2019-09-30 | €55.60 Billion | +5.49% |
| 2018-09-30 | €52.71 Billion | +2.72% |
| 2017-09-30 | €51.32 Billion | +0.00% |
| 2016-09-30 | €51.31 Billion | -7.56% |
| 2015-09-30 | €55.51 Billion | +15.87% |
| 2014-09-30 | €47.91 Billion | +149.20% |
| 2006-09-30 | €19.22 Billion | +4.96% |
| 2005-09-30 | €18.32 Billion | +2.97% |
| 2004-09-30 | €17.79 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Australia Bank Limited'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 178.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €25.24 Billion | 41.06% |
| Other Components | €36.22 Billion | 58.94% |
| Total Equity | €61.45 Billion | 100.00% |
National Australia Bank Limited Competitors by Market Cap
The table below lists competitors of National Australia Bank Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hygon Information Technology Co. Ltd. A
SHG:688041
|
$88.43 Billion |
|
Christian Dior SE
PA:CDI
|
$88.76 Billion |
|
Waste Management Inc
NYSE:WM
|
$89.00 Billion |
|
Canadian Imperial Bank Of Commerce
NYSE:CM
|
$89.33 Billion |
|
Xiaomi Corporation
F:3CP
|
$87.95 Billion |
|
Moody's Corp.
LSE:0K36
|
$87.62 Billion |
|
Quanta Services Inc
NYSE:PWR
|
$87.09 Billion |
|
Williams Companies Inc
NYSE:WMB
|
$87.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Australia Bank Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,154,000,000 to 61,455,000,000, a change of 301,000,000 (0.5%).
- Net income of 6,960,000,000 contributed positively to equity growth.
- Dividend payments of 4,700,000,000 reduced retained earnings.
- Share repurchases of 2,611,000,000 reduced equity.
- New share issuances of 404,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.96 Billion | +11.33% |
| Dividends Paid | €4.70 Billion | -7.65% |
| Share Repurchases | €2.61 Billion | -4.25% |
| Share Issuances | €404.00 Million | +0.66% |
| Other Changes | €248.00 Million | +0.4% |
| Total Change | €- | 0.49% |
Book Value vs Market Value Analysis
This analysis compares National Australia Bank Limited'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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | €19.17 | €25.65 | x |
| 2018-09-30 | €19.33 | €25.65 | x |
| 2019-09-30 | €19.33 | €25.65 | x |
| 2020-09-30 | €18.66 | €25.65 | x |
| 2021-09-30 | €19.16 | €25.65 | x |
| 2022-09-30 | €18.76 | €25.65 | x |
| 2023-09-30 | €19.60 | €25.65 | x |
| 2024-09-30 | €20.05 | €25.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Australia Bank Limited 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): 11.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.73%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 17.58x
- Recent ROE (11.33%) is above the historical average (10.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.07% | 23.54% | 0.03x | 16.84x | €190.10 Million |
| 2005 | 17.74% | 20.09% | 0.07x | 12.55x | €1.42 Billion |
| 2006 | 16.44% | 13.07% | 0.07x | 18.75x | €1.24 Billion |
| 2014 | 11.54% | 29.40% | 0.02x | 19.24x | €704.80 Million |
| 2015 | 11.63% | 35.80% | 0.02x | 17.52x | €886.10 Million |
| 2016 | 0.69% | 1.69% | 0.03x | 15.16x | €-4.78 Billion |
| 2017 | 10.30% | 31.81% | 0.02x | 15.37x | €154.40 Million |
| 2018 | 10.54% | 31.80% | 0.02x | 15.30x | €283.90 Million |
| 2019 | 8.63% | 28.90% | 0.02x | 15.24x | €-761.60 Million |
| 2020 | 4.18% | 15.58% | 0.02x | 14.14x | €-3.57 Billion |
| 2021 | 10.14% | 38.15% | 0.02x | 14.75x | €86.10 Million |
| 2022 | 11.67% | 37.20% | 0.02x | 17.87x | €987.80 Million |
| 2023 | 12.12% | 35.94% | 0.02x | 17.32x | €1.30 Billion |
| 2024 | 11.33% | 33.73% | 0.02x | 17.58x | €814.50 Million |
Industry Comparison
This section compares National Australia Bank Limited's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $2,024,203,626,125
- Average return on equity (ROE) among peers: 7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Australia Bank Limited (NAL) | €62.92 Billion | 11.07% | 16.41x | $88.32 Billion |
| VP Bank AG (3VFN) | $994.18 Million | 6.62% | 11.85x | $571.19 Million |
| THE BK N.T.BUTTERF.+S.NEW (4IK) | $977.49 Million | 0.00% | 14.69x | $1.96 Billion |
| Barclays PLC (BCY2) | $63.78 Billion | 2.19% | 16.77x | $68.42 Billion |
| Bank of Communications Co. Ltd (C4C) | $878.63 Billion | 8.91% | 11.18x | $31.07 Billion |
| China Construction Bank Corporation (C6T) | $2.39 Trillion | 11.34% | 10.77x | $239.50 Billion |
| FirstRand Limited (FSRA) | $108.06 Billion | 21.20% | 9.64x | $27.55 Billion |
| Mitsubishi UFJ Financial Group Inc (MFZA) | $12.75 Trillion | 7.96% | 18.89x | $176.47 Billion |
| ProCredit Holding AG & Co KGaA (PCZ) | $388.34 Million | 0.00% | 11.74x | $459.41 Million |
About National Australia Bank Limited
National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments. It accepts transaction accounts, savings accounts… Read more