Redde Northgate PLC
Zigup Plc engages in the provision of mobility solutions and automotive services to business and personal customers in the United Kingdom, Spain, and Ireland. The company offers vehicle provision services that includes vehicle rental, service, and maintenance solutions through vans, e-LCVs, and specialist vehicles with refrigerated, traffic management, and support; and fleet support and services … Read more
Redde Northgate PLC (21W) - Net Assets
Latest net assets as of October 2025: €1.08 Billion EUR
Based on the latest financial reports, Redde Northgate PLC (21W) has net assets worth €1.08 Billion EUR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.50 Billion) and total liabilities (€1.42 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 | €1.08 Billion |
| % of Total Assets | 43.35% |
| Annual Growth Rate | 9.44% |
| 5-Year Change | 17.07% |
| 10-Year Change | N/A |
| Growth Volatility | 16.72 |
Redde Northgate PLC - Net Assets Trend (2017–2025)
This chart illustrates how Redde Northgate PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Redde Northgate PLC (2017–2025)
The table below shows the annual net assets of Redde Northgate PLC from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | €1.06 Billion | +1.89% |
| 2024-04-30 | €1.04 Billion | +4.91% |
| 2023-04-30 | €994.60 Million | +5.05% |
| 2022-04-30 | €946.76 Million | +4.25% |
| 2021-04-30 | €908.13 Million | +4.19% |
| 2020-04-30 | €871.57 Million | +54.64% |
| 2019-04-30 | €563.62 Million | +4.54% |
| 2018-04-30 | €539.13 Million | +4.36% |
| 2017-04-30 | €516.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Redde Northgate PLC'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 109.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €579.91 Million | 54.55% |
| Other Components | €483.25 Million | 45.45% |
| Total Equity | €1.06 Billion | 100.00% |
Redde Northgate PLC Competitors by Market Cap
The table below lists competitors of Redde Northgate PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kunshan Kersen Science & Tech
SHG:603626
|
$986.15 Million |
|
GRAND PHARM. GRP. HD-01
F:MX6A
|
$986.35 Million |
|
PageGroup plc
PINK:MPGPF
|
$986.99 Million |
|
Fincantieri S.p.A
PINK:FNCNF
|
$987.15 Million |
|
COFCO Capital Holdings Co Ltd
SHE:002423
|
$985.29 Million |
|
Semitronix Corp. A
SHE:301095
|
$984.90 Million |
|
Bayer Cropscience Limited
NSE:BAYERCROP
|
$984.78 Million |
|
Faw Car Co Ltd
SHE:000800
|
$984.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redde Northgate PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,043,397,000 to 1,063,157,000, a change of 19,760,000 (1.9%).
- Net income of 79,845,000 contributed positively to equity growth.
- Dividend payments of 59,042,000 reduced retained earnings.
- Share repurchases of 5,332,000 reduced equity.
- New share issuances of 263,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €79.84 Million | +7.51% |
| Dividends Paid | €59.04 Million | -5.55% |
| Share Repurchases | €5.33 Million | -0.5% |
| Share Issuances | €263.00K | +0.02% |
| Other Changes | €4.03 Million | +0.38% |
| Total Change | €- | 1.89% |
Book Value vs Market Value Analysis
This analysis compares Redde Northgate PLC'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: 0.95x
- 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 1.17x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-04-30 | €3.88 | €4.52 | x |
| 2018-04-30 | €4.05 | €4.52 | x |
| 2019-04-30 | €4.23 | €4.52 | x |
| 2020-04-30 | €3.54 | €4.52 | x |
| 2021-04-30 | €3.69 | €4.52 | x |
| 2022-04-30 | €3.88 | €4.52 | x |
| 2023-04-30 | €4.34 | €4.52 | x |
| 2024-04-30 | €4.65 | €4.52 | x |
| 2025-04-30 | €4.73 | €4.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redde Northgate PLC 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): 7.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.40%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 2.20x
- Recent ROE (7.51%) is below the historical average (9.03%), 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 | 11.79% | 9.12% | 0.70x | 1.85x | €9.24 Million |
| 2018 | 8.02% | 6.16% | 0.63x | 2.08x | €-10.68 Million |
| 2019 | 9.12% | 6.90% | 0.66x | 2.00x | €-4.94 Million |
| 2020 | 0.88% | 0.98% | 0.43x | 2.06x | €-79.48 Million |
| 2021 | 7.22% | 5.91% | 0.65x | 1.89x | €-25.25 Million |
| 2022 | 10.73% | 8.17% | 0.67x | 1.95x | €6.87 Million |
| 2023 | 14.00% | 9.35% | 0.71x | 2.12x | €39.78 Million |
| 2024 | 11.98% | 6.82% | 0.82x | 2.13x | €20.68 Million |
| 2025 | 7.51% | 4.40% | 0.78x | 2.20x | €-26.47 Million |
Industry Comparison
This section compares Redde Northgate PLC's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $8,921,600,101
- Average return on equity (ROE) among peers: 15.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redde Northgate PLC (21W) | €1.08 Billion | 11.79% | 1.31x | $985.84 Million |
| China Development Bank Financial Leasing Co. Ltd (2C6) | $22.30 Billion | 7.00% | 6.47x | $341.98 Million |
| AMERCO (AUK) | $1.88 Billion | 18.93% | 2.65x | $4.23 Billion |
| Horizon Construction Development Limited (B7H) | $11.46 Billion | 7.82% | 2.18x | $130.88 Million |
| RESERVOIR CAPITAL (R0C) | $42.02 Million | 28.46% | 0.56x | $40.86 Million |