Close Brothers Group plc (CS3) - Net Assets
Based on the latest financial reports, Close Brothers Group plc (CS3) has net assets worth €1.71 Billion EUR (≈ $2.00 Billion USD) as of January 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€14.44 Billion ≈ $16.88 Billion USD) and total liabilities (€12.73 Billion ≈ $14.88 Billion USD). 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. Check CS3 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.71 Billion |
| % of Total Assets | 11.85% |
| Annual Growth Rate | 7.22% |
| 5-Year Change | 27.1% |
| 10-Year Change | 82.44% |
| Growth Volatility | 3.99 |
Close Brothers Group plc - Net Assets Trend (2014–2024)
This chart illustrates how Close Brothers Group plc's net assets have evolved over time, based on quarterly financial data. Also explore Close Brothers Group plc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Close Brothers Group plc (2014–2024)
The table below shows the annual net assets of Close Brothers Group plc from 2014 to 2024. For live valuation and market cap data, see how much is Close Brothers Group plc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | €1.84 Billion ≈ $2.15 Billion |
+12.01% |
| 2023-07-31 | €1.64 Billion ≈ $1.92 Billion |
-0.76% |
| 2022-07-31 | €1.66 Billion ≈ $1.94 Billion |
+5.62% |
| 2021-07-31 | €1.57 Billion ≈ $1.83 Billion |
+8.26% |
| 2020-07-31 | €1.45 Billion ≈ $1.69 Billion |
+3.07% |
| 2019-07-31 | €1.41 Billion ≈ $1.64 Billion |
+4.28% |
| 2018-07-31 | €1.35 Billion ≈ $1.58 Billion |
+9.12% |
| 2017-07-31 | €1.24 Billion ≈ $1.45 Billion |
+12.68% |
| 2016-07-31 | €1.10 Billion ≈ $1.28 Billion |
+8.61% |
| 2015-07-31 | €1.01 Billion ≈ $1.18 Billion |
+10.06% |
| 2014-07-31 | €917.60 Million ≈ $1.07 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Close Brothers Group 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 177.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.63 Billion | 88.71% |
| Other Components | €208.10 Million | 11.29% |
| Total Equity | €1.84 Billion | 100.00% |
Close Brothers Group plc Competitors by Market Cap
The table below lists competitors of Close Brothers Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AP (Thailand) Public Company Limited
BK:AP
|
$843.27 Million |
|
Huayi Compressor Co Ltd
SHE:000404
|
$843.29 Million |
|
ODP Corp
NASDAQ:ODP
|
$843.30 Million |
|
Metals X Ltd
AU:MLX
|
$843.56 Million |
|
Svenska Handelsbanken AB (publ)
ST:SHB-B
|
$842.94 Million |
|
Macmic Science & Technology Co Ltd
SHG:688711
|
$842.85 Million |
|
Formosa Taffeta Co Ltd
TW:1434
|
$842.81 Million |
|
New Mountain Finance Corporation
NASDAQ:NMFC
|
$842.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Close Brothers Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,644,900,000 to 1,842,500,000, a change of 197,600,000 (12.0%).
- Net income of 100,400,000 contributed positively to equity growth.
- Dividend payments of 67,100,000 reduced retained earnings.
- Share repurchases of 3,500,000 reduced equity.
- Other factors increased equity by 167,800,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €100.40 Million | +5.45% |
| Dividends Paid | €67.10 Million | -3.64% |
| Share Repurchases | €3.50 Million | -0.19% |
| Other Changes | €167.80 Million | +9.11% |
| Total Change | €- | 12.01% |
Book Value vs Market Value Analysis
This analysis compares Close Brothers Group 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: 0.40x
- 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 0.61x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-07-31 | €8.13 | €4.94 | x |
| 2018-07-31 | €8.91 | €4.94 | x |
| 2019-07-31 | €9.30 | €4.94 | x |
| 2020-07-31 | €9.59 | €4.94 | x |
| 2021-07-31 | €10.41 | €4.94 | x |
| 2022-07-31 | €11.02 | €4.94 | x |
| 2023-07-31 | €10.93 | €4.94 | x |
| 2024-07-31 | €12.24 | €4.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Close Brothers Group 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): 5.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.66%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.64x
- Recent ROE (5.45%) is below the historical average (12.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.34% | 25.66% | 0.08x | 8.40x | €58.15 Million |
| 2015 | 18.39% | 28.68% | 0.08x | 7.88x | €84.72 Million |
| 2016 | 17.00% | 26.38% | 0.08x | 7.97x | €76.79 Million |
| 2017 | 15.46% | 24.18% | 0.09x | 7.51x | €67.55 Million |
| 2018 | 14.99% | 23.77% | 0.08x | 7.60x | €67.35 Million |
| 2019 | 14.32% | 23.17% | 0.08x | 7.50x | €60.86 Million |
| 2020 | 7.55% | 11.74% | 0.08x | 7.63x | €-35.56 Million |
| 2021 | 12.87% | 19.77% | 0.08x | 7.66x | €45.07 Million |
| 2022 | 9.97% | 16.39% | 0.08x | 7.65x | €-550.00K |
| 2023 | 4.93% | 8.02% | 0.07x | 8.24x | €-83.39 Million |
| 2024 | 5.45% | 12.66% | 0.06x | 7.64x | €-83.85 Million |
Industry Comparison
This section compares Close Brothers Group plc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,686,456,747,900
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Close Brothers Group plc (CS3) | €1.71 Billion | 16.34% | 7.44x | $843.01 Million |
| Grupo Supervielle S.A (189A) | $53.42 Billion | -1.61% | 6.34x | $610.24 Million |
| Bank of Zhengzhou Co. Ltd (3BZ) | $39.89 Billion | 8.24% | 11.55x | $252.75 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $31.55 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $544.88 Billion | 11.18% | 17.75x | $12.54 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $1.03 Trillion | 8.38% | 15.56x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $34.73 Billion | 17.53% | 7.74x | $2.49 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $26.12 Billion | 7.27% | 10.72x | $1.47 Billion |
| Harbin Bank Co. Ltd (5H6) | $42.41 Billion | 12.38% | 12.31x | $137.86 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.65 Trillion | 3.37% | 22.79x | $53.42 Billion |
| Grupo Aval Acciones y Valores S.A (6GAA) | $35.44 Trillion | 6.63% | 8.11x | $1.61 Billion |
About Close Brothers Group plc
Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through three segments: Commercial, Retail, and Property. The company offers commercial services comprises hire purchase; leasing and loans for capital assets; debt factoring; invoice discounting; asset-based lending; and other… Read more