FIRSTRAND ADR/ 10 RC -01 (FSR) - Net Assets
Based on the latest financial reports, FIRSTRAND ADR/ 10 RC -01 (FSR) has net assets worth €246.95 Billion EUR (≈ $288.71 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.68 Trillion ≈ $3.14 Trillion USD) and total liabilities (€2.43 Trillion ≈ $2.85 Trillion 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. Explore FIRSTRAND ADR/ 10 RC -01 (FSR) cash conversion ratio to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €246.95 Billion |
| % of Total Assets | 9.21% |
| Annual Growth Rate | 10.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.01 |
FIRSTRAND ADR/ 10 RC -01 - Net Assets Trend (2022–2025)
This chart illustrates how FIRSTRAND ADR/ 10 RC -01's net assets have evolved over time, based on quarterly financial data. Explore FIRSTRAND ADR/ 10 RC -01 (FSR) long-term investment share to see how much of total assets are deployed in long-term investments.
Annual Net Assets for FIRSTRAND ADR/ 10 RC -01 (2022–2025)
The table below shows the annual net assets of FIRSTRAND ADR/ 10 RC -01 from 2022 to 2025. For live valuation and market cap data, see FSR market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €243.21 Billion ≈ $284.33 Billion |
+11.66% |
| 2024-06-30 | €217.80 Billion ≈ $254.64 Billion |
+9.76% |
| 2023-06-30 | €198.43 Billion ≈ $231.99 Billion |
+9.33% |
| 2022-06-30 | €181.49 Billion ≈ $212.19 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to FIRSTRAND ADR/ 10 RC -01'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €237.78 Billion | 100.00% |
| Total Equity | €237.78 Billion | 100.00% |
FIRSTRAND ADR/ 10 RC -01 Competitors by Market Cap
The table below lists competitors of FIRSTRAND ADR/ 10 RC -01 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DENSO CORP. ADR 4
F:DNOA
|
$28.19 Billion |
|
Teledyne Technologies Incorporated
NYSE:TDY
|
$28.38 Billion |
|
Chunghwa Telecom Co. Ltd
F:CHWD
|
$28.39 Billion |
|
Talanx AG
XETRA:TLX
|
$28.46 Billion |
|
Caseys General Stores Inc
NASDAQ:CASY
|
$28.11 Billion |
|
Ares Management LP
NYSE:ARES
|
$28.10 Billion |
|
IQVIA Holdings Inc
NYSE:IQV
|
$28.09 Billion |
|
Trip.com Group Limited
F:CLV
|
$28.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FIRSTRAND ADR/ 10 RC -01's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 212,943,000,000 to 237,783,000,000, a change of 24,840,000,000 (11.7%).
- Net income of 43,540,000,000 contributed positively to equity growth.
- Share repurchases of 942,000,000 reduced equity.
- Other factors decreased equity by 17,758,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €43.54 Billion | +18.31% |
| Share Repurchases | €942.00 Million | -0.4% |
| Other Changes | €-17.76 Billion | -7.47% |
| Total Change | €- | 11.67% |
Book Value vs Market Value Analysis
This analysis compares FIRSTRAND ADR/ 10 RC -01'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: 1.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.45x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | €31.60 | €45.80 | x |
| 2023-06-30 | €34.63 | €45.80 | x |
| 2024-06-30 | €38.00 | €45.80 | x |
| 2025-06-30 | €42.59 | €45.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FIRSTRAND ADR/ 10 RC -01 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): 18.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.33%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 10.89x
- Recent ROE (18.31%) is below the historical average (18.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 18.96% | 29.31% | 0.06x | 11.28x | €15.88 Billion |
| 2023 | 19.29% | 28.37% | 0.06x | 11.84x | €18.04 Billion |
| 2024 | 18.65% | 28.09% | 0.06x | 11.13x | €18.41 Billion |
| 2025 | 18.31% | 29.33% | 0.06x | 10.89x | €19.76 Billion |
Industry Comparison
This section compares FIRSTRAND ADR/ 10 RC -01's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $860,864,634,400
- Average return on equity (ROE) among peers: 8.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FIRSTRAND ADR/ 10 RC -01 (FSR) | €246.95 Billion | 18.96% | 9.86x | $28.13 Billion |
| VP Bank AG (3VFN) | $1.11 Billion | 3.99% | 9.34x | $568.46 Million |
| THE BK N.T.BUTTERF.+S.NEW (4IK) | $977.49 Million | 0.00% | 14.69x | $1.96 Billion |
| ABN AMRO BK.UNSP.ADR/1 (AB2A) | $26.11 Billion | 9.20% | 13.75x | $23.71 Billion |
| Barclays PLC (BCY2) | $70.21 Billion | 9.08% | 18.72x | $66.81 Billion |
| BANC.DE.SA.A ADR2/EO-125 (BDS) | $14.08 Billion | 12.61% | 16.43x | $15.71 Billion |
| Banco Santander S.A (BSDK) | $112.75 Billion | 12.51% | 15.56x | $148.32 Billion |
| Bank of Communications Co. Ltd (C4C) | $1.28 Trillion | 7.47% | 11.14x | $31.37 Billion |
| China Construction Bank Corporation (C6T) | $3.69 Trillion | 9.19% | 11.38x | $249.31 Billion |
| CHINA CON.BANK ADR/20 YC1 (C6TB) | $3.34 Trillion | 10.04% | 11.13x | $235.44 Billion |
| Commonwealth Bank of Australia (CWW) | $73.09 Billion | 12.85% | 16.16x | $181.02 Billion |
About FIRSTRAND ADR/ 10 RC -01
FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. It operates in Retail and Commercial, and Corporate and Institutional segments. The company offers deposits and savings products; personal loans; and asset and invoice finance, as well as SME c… Read more