Dairy Farm International Holdings Limited (DFA1) - Net Assets
Based on the latest financial reports, Dairy Farm International Holdings Limited (DFA1) has net assets worth €220.60 Million EUR (≈ $257.90 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.51 Billion ≈ $5.27 Billion USD) and total liabilities (€4.29 Billion ≈ $5.01 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 DFA1 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €220.60 Million |
| % of Total Assets | 4.89% |
| Annual Growth Rate | -12.01% |
| 5-Year Change | -76.6% |
| 10-Year Change | -81.23% |
| Growth Volatility | 19.63 |
Dairy Farm International Holdings Limited - Net Assets Trend (2013–2025)
This chart illustrates how Dairy Farm International Holdings Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Dairy Farm International Holdings Limite.
Annual Net Assets for Dairy Farm International Holdings Limited (2013–2025)
The table below shows the annual net assets of Dairy Farm International Holdings Limited from 2013 to 2025. Also explore Dairy Farm International Holdings Limite (DFA1) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €296.50 Million ≈ $346.64 Million |
-50.14% |
| 2024-12-31 | €594.70 Million ≈ $695.27 Million |
-39.81% |
| 2023-12-31 | €988.10 Million ≈ $1.16 Billion |
+4.96% |
| 2022-12-31 | €941.40 Million ≈ $1.10 Billion |
-25.71% |
| 2021-12-31 | €1.27 Billion ≈ $1.48 Billion |
-5.14% |
| 2020-12-31 | €1.34 Billion ≈ $1.56 Billion |
+7.78% |
| 2019-12-31 | €1.24 Billion ≈ $1.45 Billion |
-16.86% |
| 2018-12-31 | €1.49 Billion ≈ $1.74 Billion |
-15.08% |
| 2017-12-31 | €1.76 Billion ≈ $2.05 Billion |
+11.16% |
| 2016-12-31 | €1.58 Billion ≈ $1.85 Billion |
+8.53% |
| 2015-12-31 | €1.46 Billion ≈ $1.70 Billion |
-4.42% |
| 2014-12-31 | €1.52 Billion ≈ $1.78 Billion |
+10.53% |
| 2013-12-31 | €1.38 Billion ≈ $1.61 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Dairy Farm International 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €278.10 Million | 100.00% |
| Total Equity | €278.10 Million | 100.00% |
Dairy Farm International Holdings Limited Competitors by Market Cap
The table below lists competitors of Dairy Farm International Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beibuwan Port Co Ltd
SHE:000582
|
$4.14 Billion |
|
Aster DM Healthcare Limited
NSE:ASTERDM
|
$4.14 Billion |
|
Sk Biopharmaceuticals Co Ltd
KO:326030
|
$4.14 Billion |
|
Primoris Services Corporation
NYSE:PRIM
|
$4.15 Billion |
|
S N Nuclearele
RO:SNN
|
$4.14 Billion |
|
Teleperformance SE
PA:TEP
|
$4.14 Billion |
|
K.P.R. Mill Limited
NSE:KPRMILL
|
$4.14 Billion |
|
Cenergy Holdings SA
BR:CENER
|
$4.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dairy Farm International Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 581,400,000 to 278,100,000, a change of -303,300,000 (-52.2%).
- Net income of 270,300,000 contributed positively to equity growth.
- Dividend payments of 738,900,000 reduced retained earnings.
- Share repurchases of 14,600,000 reduced equity.
- New share issuances of 4,500,000 increased equity.
- Other factors increased equity by 175,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €270.30 Million | +97.2% |
| Dividends Paid | €738.90 Million | -265.7% |
| Share Repurchases | €14.60 Million | -5.25% |
| Share Issuances | €4.50 Million | +1.62% |
| Other Changes | €175.40 Million | +63.07% |
| Total Change | €- | -52.17% |
Book Value vs Market Value Analysis
This analysis compares Dairy Farm International 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: 14.51x
- 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 2.38x to 14.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.25 | €2.98 | x |
| 2018-12-31 | €1.07 | €2.98 | x |
| 2019-12-31 | €0.89 | €2.98 | x |
| 2020-12-31 | €0.98 | €2.98 | x |
| 2021-12-31 | €0.94 | €2.98 | x |
| 2022-12-31 | €0.70 | €2.98 | x |
| 2023-12-31 | €0.72 | €2.98 | x |
| 2024-12-31 | €0.43 | €2.98 | x |
| 2025-12-31 | €0.21 | €2.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dairy Farm International 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): 97.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.05%
- • Asset Turnover: 1.91x
- • Equity Multiplier: 16.73x
- Recent ROE (97.20%) is above the historical average (26.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 39.10% | 4.84% | 2.61x | 3.09x | €372.80 Million |
| 2014 | 35.63% | 4.62% | 2.55x | 3.02x | €366.23 Million |
| 2015 | 30.85% | 3.81% | 2.31x | 3.50x | €286.82 Million |
| 2016 | 31.16% | 4.19% | 2.18x | 3.41x | €318.47 Million |
| 2017 | 23.88% | 3.57% | 2.06x | 3.24x | €234.50 Million |
| 2018 | 6.36% | 0.78% | 2.18x | 3.72x | €-52.70 Million |
| 2019 | 26.78% | 2.89% | 1.34x | 6.92x | €202.88 Million |
| 2020 | 20.49% | 2.64% | 1.30x | 5.97x | €138.77 Million |
| 2021 | 8.12% | 1.14% | 1.19x | 6.00x | €-23.82 Million |
| 2022 | -12.10% | -1.25% | 1.25x | 7.74x | €-209.31 Million |
| 2023 | 3.29% | 0.35% | 1.29x | 7.25x | €-65.82 Million |
| 2024 | 34.50% | 2.26% | 1.22x | 12.51x | €142.46 Million |
| 2025 | 97.20% | 3.05% | 1.91x | 16.73x | €242.49 Million |
Industry Comparison
This section compares Dairy Farm International Holdings Limited's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $530,756,169,333
- Average return on equity (ROE) among peers: 7.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dairy Farm International Holdings Limited (DFA1) | €220.60 Million | 39.10% | 19.43x | $4.14 Billion |
| OCADO GROUP SP.ADR 1/2 (0OC1) | $1.51 Billion | -20.78% | 1.93x | $2.05 Billion |
| DINGDONG CAYMAN 2ADR/3 A (945) | $924.02 Million | 31.93% | 6.70x | $459.79 Million |
| AHOLD DELHAI.ADR16 EO-25 (AHOD) | $15.45 Billion | 11.41% | 2.35x | $36.74 Billion |
| SEVEN+I HLDGS UNSP.ADR1/2 (S6MA) | $3.15 Trillion | 6.70% | 1.78x | $27.98 Billion |
| SAINSBURY -J.- ADR/4 NEW (SUY) | $7.25 Billion | 2.85% | 2.61x | $8.31 Billion |
| TESCO PLC ADR/1 LS-05 (TCO2) | $11.66 Billion | 10.18% | 3.03x | $34.10 Billion |
About Dairy Farm International Holdings Limited
DFI Retail Group Holdings Limited, together with its subsidiaries, engages in the retail business in Mainland China, Hong Kong, Macau, Taiwan, Brunei, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It operates through six segments: Health and Beauty, Convenience, Food, Home Furnishings, Restaurants, and Other Retailing. The company is involved in the opera… Read more