Bright Smart Securities & Commodities Group Limited
Bright Smart Securities & Commodities Group Limited, an investment holding company, provides financial services in Hong Kong. It operates through three segments: Securities Broking, Commodities and Futures Broking, and Bullion Trading. The company offers broking services in traded securities, commodities, and future contracts; margin and IPO financing services; trading services in traded bullion … Read more
Bright Smart Securities & Commodities Group Limited (0BX) - Net Assets
Latest net assets as of September 2025: €1.83 Billion EUR
Based on the latest financial reports, Bright Smart Securities & Commodities Group Limited (0BX) has net assets worth €1.83 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.18 Billion) and total liabilities (€8.35 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 | €1.83 Billion |
| % of Total Assets | 17.97% |
| Annual Growth Rate | 3.72% |
| 5-Year Change | -29.52% |
| 10-Year Change | -26.29% |
| Growth Volatility | 27.75 |
Bright Smart Securities & Commodities Group Limited - Net Assets Trend (2014–2025)
This chart illustrates how Bright Smart Securities & Commodities Group 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 Bright Smart Securities & Commodities Group Limited (2014–2025)
The table below shows the annual net assets of Bright Smart Securities & Commodities Group Limited from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €1.50 Billion | +3.98% |
| 2024-03-31 | €1.44 Billion | -16.73% |
| 2023-03-31 | €1.73 Billion | -29.82% |
| 2022-03-31 | €2.47 Billion | +15.99% |
| 2021-03-31 | €2.13 Billion | +12.00% |
| 2020-03-31 | €1.90 Billion | -34.93% |
| 2019-03-31 | €2.92 Billion | +10.86% |
| 2018-03-31 | €2.64 Billion | +19.88% |
| 2017-03-31 | €2.20 Billion | +7.97% |
| 2016-03-31 | €2.04 Billion | +17.04% |
| 2015-03-31 | €1.74 Billion | +73.31% |
| 2014-03-31 | €1.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bright Smart Securities & Commodities Group 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 76.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €624.59 Million | 41.59% |
| Other Components | €877.21 Million | 58.41% |
| Total Equity | €1.50 Billion | 100.00% |
Bright Smart Securities & Commodities Group Limited Competitors by Market Cap
The table below lists competitors of Bright Smart Securities & Commodities Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Handlowy w Warszawie SA
WAR:BHW
|
$877.27 Million |
|
UNITIL Corporation
NYSE:UTL
|
$877.29 Million |
|
Regional S.A.B. de C.V
MX:RA
|
$877.70 Million |
|
BioPharma Credit PLC
PINK:BOPCF
|
$877.80 Million |
|
AIMA Technology Group Co Ltd
SHG:603529
|
$876.40 Million |
|
Sumitomo Pharma Co. Ltd
PINK:SMDPY
|
$876.03 Million |
|
Hanwha Life
KO:088350
|
$875.81 Million |
|
Ratch Group Public Company Limited
BK:RATCH
|
$875.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bright Smart Securities & Commodities Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,444,275,000 to 1,501,801,000, a change of 57,526,000 (4.0%).
- Net income of 617,634,000 contributed positively to equity growth.
- Dividend payments of 560,108,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €617.63 Million | +41.13% |
| Dividends Paid | €560.11 Million | -37.3% |
| Total Change | €- | 3.98% |
Book Value vs Market Value Analysis
This analysis compares Bright Smart Securities & Commodities Group 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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.79x to 1.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €1.30 | €1.02 | x |
| 2018-03-31 | €1.55 | €1.02 | x |
| 2019-03-31 | €1.72 | €1.02 | x |
| 2020-03-31 | €1.12 | €1.02 | x |
| 2021-03-31 | €1.26 | €1.02 | x |
| 2022-03-31 | €1.46 | €1.02 | x |
| 2023-03-31 | €1.02 | €1.02 | x |
| 2024-03-31 | €0.85 | €1.02 | x |
| 2025-03-31 | €0.88 | €1.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bright Smart Securities & Commodities Group 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): 41.13%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.52%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 5.12x
- Recent ROE (41.13%) is above the historical average (24.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.60% | 37.94% | 0.10x | 4.59x | €66.31 Million |
| 2015 | 12.55% | 40.60% | 0.03x | 10.28x | €44.31 Million |
| 2016 | 15.98% | 45.63% | 0.13x | 2.79x | €121.74 Million |
| 2017 | 12.36% | 48.34% | 0.07x | 3.87x | €51.94 Million |
| 2018 | 19.57% | 54.65% | 0.07x | 4.79x | €252.40 Million |
| 2019 | 15.08% | 53.10% | 0.11x | 2.69x | €148.60 Million |
| 2020 | 24.76% | 54.51% | 0.13x | 3.40x | €280.75 Million |
| 2021 | 33.04% | 54.77% | 0.08x | 7.44x | €490.84 Million |
| 2022 | 22.72% | 52.57% | 0.11x | 3.95x | €314.36 Million |
| 2023 | 35.78% | 70.38% | 0.11x | 4.46x | €447.15 Million |
| 2024 | 38.69% | 61.49% | 0.13x | 4.90x | €414.41 Million |
| 2025 | 41.13% | 63.52% | 0.13x | 5.12x | €467.45 Million |
Industry Comparison
This section compares Bright Smart Securities & Commodities Group Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $31,941,677,934
- Average return on equity (ROE) among peers: -27.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bright Smart Securities & Commodities Group Limited (0BX) | €1.83 Billion | 16.60% | 4.57x | $877.25 Million |
| BIGG Digital Assets Inc (7111) | $17.53 Million | -147.31% | 12.21x | $12.50 Million |
| GF Securities Co. Ltd (9GF) | $88.63 Billion | 4.85% | 3.39x | $6.64 Billion |
| Berliner Effektengesellschaft AG (BFV) | $208.93 Million | 8.60% | 0.88x | $105.19 Million |
| Baader Bank Aktiengesellschaft (BWB) | $110.21 Million | -0.16% | 4.61x | $95.77 Million |
| CBEYOND (C5B) | $607.60K | -147.64% | 0.44x | $1.56 Million |
| Instant Group AG (CCB) | $2.10 Million | 30.51% | 0.39x | $17.81K |
| CASH Financial Services Group Limited (CFN0) | $412.37 Million | -12.97% | 2.14x | $8.45 Million |
| CITIC Securities Company Limited (CI9) | $156.83 Billion | 5.99% | 3.16x | $30.43 Billion |
| CSC Financial Co. Ltd (CS0) | $41.26 Billion | 12.75% | 3.40x | $5.23 Billion |