PointsBet Holdings Limited
PointsBet Holdings Limited provides sports, racing, and iGaming betting products and services through its cloud-based technology platform in Australia. The company operates through Australian Trading and Canada Trading segments. It also provides software development services and online sports betting, as well as support services for online sports betting and iGaming. The company was founded in 20… Read more
PointsBet Holdings Limited (PBTHF) - Net Assets
Latest net assets as of December 2025: $-13.07 Million USD
Based on the latest financial reports, PointsBet Holdings Limited (PBTHF) has net assets worth $-13.07 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($61.94 Million) and total liabilities ($75.01 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 | $-13.07 Million |
| % of Total Assets | -21.11% |
| Annual Growth Rate | 12.36% |
| 5-Year Change | -98.66% |
| 10-Year Change | N/A |
| Growth Volatility | 523.5 |
PointsBet Holdings Limited - Net Assets Trend (2017–2025)
This chart illustrates how PointsBet Holdings 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 PointsBet Holdings Limited (2017–2025)
The table below shows the annual net assets of PointsBet Holdings Limited from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $6.00 Million | -68.84% |
| 2024-06-30 | $19.26 Million | -96.16% |
| 2023-06-30 | $501.45 Million | -31.90% |
| 2022-06-30 | $736.36 Million | +64.51% |
| 2021-06-30 | $447.59 Million | +152.70% |
| 2020-06-30 | $177.13 Million | +137.73% |
| 2019-06-30 | $74.51 Million | +1595.85% |
| 2018-06-30 | $4.39 Million | +86.04% |
| 2017-06-30 | $2.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PointsBet Holdings 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 decreased by 84957347700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $813.67 Million | 13558.87% |
| Other Comprehensive Income | $45.38 Million | 756.26% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $6.00 Million | 100.00% |
PointsBet Holdings Limited Competitors by Market Cap
The table below lists competitors of PointsBet Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
eCloudvalley Digital Technology Co. Ltd.
TW:6689
|
$96.30 Million |
|
Zinus Inc
KO:013890
|
$96.34 Million |
|
Grupo Industrial Saltillo S.A.B. de C.V
MX:GISSAA
|
$96.39 Million |
|
Dadelo S.A.
WAR:DAD
|
$96.40 Million |
|
TUAN SING HLDGS-LOC.SD-01
F:TUS
|
$96.27 Million |
|
Ampco-Pittsburgh Corporation
NYSE:AP
|
$96.27 Million |
|
Ba Ria Vung Tau House Development JSC
VN:HDC
|
$96.27 Million |
|
Hyundai Bngste
KO:004560
|
$96.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PointsBet Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,257,000 to 6,001,000, a change of -13,256,000 (-68.8%).
- Net loss of 18,153,000 reduced equity.
- Other comprehensive income increased equity by 1,815,999.
- Other factors increased equity by 3,081,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.15 Million | -302.5% |
| Other Comprehensive Income | $1.82 Million | +30.26% |
| Other Changes | $3.08 Million | +51.34% |
| Total Change | $- | -68.84% |
Book Value vs Market Value Analysis
This analysis compares PointsBet Holdings 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: 23.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 22.42x to 23.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | $0.02 | $0.42 | x |
| 2018-06-30 | $0.03 | $0.42 | x |
| 2019-06-30 | $1.12 | $0.42 | x |
| 2020-06-30 | $1.15 | $0.42 | x |
| 2021-06-30 | $2.25 | $0.42 | x |
| 2022-06-30 | $2.88 | $0.42 | x |
| 2023-06-30 | $1.64 | $0.42 | x |
| 2024-06-30 | $0.06 | $0.42 | x |
| 2025-06-30 | $0.02 | $0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PointsBet Holdings 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): -302.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.95%
- • Asset Turnover: 3.57x
- • Equity Multiplier: 12.20x
- Recent ROE (-302.50%) is below the historical average (-109.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -133.29% | -843.76% | 0.10x | 1.61x | $-3.38 Million |
| 2018 | -151.53% | -70.96% | 0.85x | 2.51x | $-7.10 Million |
| 2019 | -56.22% | -163.52% | 0.27x | 1.27x | $-49.34 Million |
| 2020 | -23.41% | -55.16% | 0.35x | 1.22x | $-59.18 Million |
| 2021 | -41.95% | -96.44% | 0.31x | 1.40x | $-232.49 Million |
| 2022 | -36.35% | -136.99% | 0.20x | 1.31x | $-341.32 Million |
| 2023 | -21.51% | -51.30% | 0.35x | 1.21x | $-158.03 Million |
| 2024 | -219.75% | -17.24% | 3.00x | 4.25x | $-44.24 Million |
| 2025 | -302.50% | -6.95% | 3.57x | 12.20x | $-18.75 Million |
Industry Comparison
This section compares PointsBet Holdings Limited's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PointsBet Holdings Limited (PBTHF) | $-13.07 Million | -133.29% | N/A | $96.28 Million |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |