Harvey Norman Holdings Ltd
Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. The company franchises and sells products in various categories, including electrical goods, furniture, computerized communications, bedding and Manchester, kitchen and small appliances, bathroom and tiles, and carpets and floorings. It operates complexes under the Harvey Norman, D… Read more
Harvey Norman Holdings Ltd (HNORF) - Net Assets
Latest net assets as of June 2025: $4.84 Billion USD
Based on the latest financial reports, Harvey Norman Holdings Ltd (HNORF) has net assets worth $4.84 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.37 Billion) and total liabilities ($3.53 Billion). 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 | $4.84 Billion |
| % of Total Assets | 57.86% |
| Annual Growth Rate | 6.86% |
| 5-Year Change | 24.44% |
| 10-Year Change | N/A |
| Growth Volatility | 3.84 |
Harvey Norman Holdings Ltd - Net Assets Trend (2020–2025)
This chart illustrates how Harvey Norman Holdings 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 Harvey Norman Holdings Ltd (2020–2025)
The table below shows the annual net assets of Harvey Norman Holdings Ltd from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $4.84 Billion | +6.78% |
| 2024-06-30 | $4.54 Billion | +1.58% |
| 2023-06-30 | $4.47 Billion | +4.01% |
| 2022-06-30 | $4.29 Billion | +10.30% |
| 2021-06-30 | $3.89 Billion | +11.95% |
| 2020-06-30 | $3.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harvey Norman Holdings 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 47.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.71 Billion | 77.28% |
| Other Components | $1.09 Billion | 22.72% |
| Total Equity | $4.80 Billion | 100.00% |
Harvey Norman Holdings Ltd Competitors by Market Cap
The table below lists competitors of Harvey Norman Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Far Eastern International Bank
TW:2845
|
$1.51 Billion |
|
ASGN Inc
NYSE:ASGN
|
$1.51 Billion |
|
Intellia Therapeutics Inc
NASDAQ:NTLA
|
$1.51 Billion |
|
TODCF
OTCGREY:TODCF
|
$1.51 Billion |
|
Blackbaud Inc
NASDAQ:BLKB
|
$1.51 Billion |
|
LLOYDS METALS AND ENERGY LTD.
NSE:LLOYDSME
|
$1.51 Billion |
|
Sirius Real Estate Limited
PINK:SRRLF
|
$1.51 Billion |
|
Federal Agricultural Mortgage Corporation
NYSE:AGM
|
$1.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harvey Norman Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,501,204,000 to 4,802,942,000, a change of 301,738,000 (6.7%).
- Net income of 518,016,000 contributed positively to equity growth.
- Dividend payments of 299,042,000 reduced retained earnings.
- Other factors increased equity by 82,764,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $518.02 Million | +10.79% |
| Dividends Paid | $299.04 Million | -6.23% |
| Other Changes | $82.76 Million | +1.72% |
| Total Change | $- | 6.70% |
Book Value vs Market Value Analysis
This analysis compares Harvey Norman Holdings 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: 0.75x
- 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 1.04x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $2.77 | $2.89 | x |
| 2021-06-30 | $3.10 | $2.89 | x |
| 2022-06-30 | $3.42 | $2.89 | x |
| 2023-06-30 | $3.56 | $2.89 | x |
| 2024-06-30 | $3.61 | $2.89 | x |
| 2025-06-30 | $3.85 | $2.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harvey Norman Holdings 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): 10.79%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.57%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.74x
- Recent ROE (10.79%) is below the historical average (14.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 13.94% | 14.22% | 0.58x | 1.69x | $135.91 Million |
| 2021 | 21.77% | 20.29% | 0.62x | 1.73x | $454.93 Million |
| 2022 | 19.05% | 19.59% | 0.57x | 1.70x | $385.42 Million |
| 2023 | 12.18% | 13.54% | 0.52x | 1.73x | $96.40 Million |
| 2024 | 7.83% | 8.99% | 0.49x | 1.76x | $-97.67 Million |
| 2025 | 10.79% | 12.57% | 0.49x | 1.74x | $37.72 Million |
Industry Comparison
This section compares Harvey Norman Holdings Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $866,355,577
- Average return on equity (ROE) among peers: 86.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harvey Norman Holdings Ltd (HNORF) | $4.84 Billion | 13.94% | 0.73x | $1.51 Billion |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $8.70 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.22 Billion | 17.81% | 2.28x | $37.28 Billion |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $382.69 Million |
| Arko Corp (ARKO) | $194.89 Million | -22.34% | 8.48x | $238.69 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.28 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $89.87 Million |
| Build-A-Bear Workshop Inc (BBW) | $88.73 Million | 0.29% | 2.35x | $438.23 Million |
| Bath & Body Works Inc. (BBWI) | $2.27 Billion | 20.34% | 0.80x | $4.13 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.17 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $3.67 Million | 519.38% | 69.22x | $29.90 Million |