Jardine Matheson Holdings Limited (H4W) - Net Assets
Based on the latest financial reports, Jardine Matheson Holdings Limited (H4W) has net assets worth €53.79 Billion EUR (≈ $62.88 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€85.53 Billion ≈ $99.99 Billion USD) and total liabilities (€31.74 Billion ≈ $37.10 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 how tangible is Jardine Matheson Holdings Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €53.79 Billion |
| % of Total Assets | 62.89% |
| Annual Growth Rate | 2.02% |
| 5-Year Change | -15.15% |
| 10-Year Change | 17.19% |
| Growth Volatility | 6.87 |
Jardine Matheson Holdings Limited - Net Assets Trend (2013–2024)
This chart illustrates how Jardine Matheson Holdings Limited's net assets have evolved over time, based on quarterly financial data. See Jardine Matheson Holdings Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jardine Matheson Holdings Limited (2013–2024)
The table below shows the annual net assets of Jardine Matheson Holdings Limited from 2013 to 2024. For live valuation and market cap data, see how much is Jardine Matheson Holdings Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €53.32 Billion ≈ $62.34 Billion |
-4.67% |
| 2023-12-31 | €55.93 Billion ≈ $65.39 Billion |
-0.47% |
| 2022-12-31 | €56.20 Billion ≈ $65.70 Billion |
-3.72% |
| 2021-12-31 | €58.37 Billion ≈ $68.24 Billion |
-7.12% |
| 2020-12-31 | €62.84 Billion ≈ $73.47 Billion |
-3.42% |
| 2019-12-31 | €65.07 Billion ≈ $76.07 Billion |
+9.92% |
| 2018-12-31 | €59.20 Billion ≈ $69.21 Billion |
+2.47% |
| 2017-12-31 | €57.77 Billion ≈ $67.54 Billion |
+16.15% |
| 2016-12-31 | €49.74 Billion ≈ $58.15 Billion |
+9.31% |
| 2015-12-31 | €45.50 Billion ≈ $53.19 Billion |
+1.55% |
| 2014-12-31 | €44.80 Billion ≈ $52.38 Billion |
+4.73% |
| 2013-12-31 | €42.78 Billion ≈ $50.02 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Jardine Matheson 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 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €27.88 Billion | 100.00% |
| Total Equity | €27.88 Billion | 100.00% |
Jardine Matheson Holdings Limited Competitors by Market Cap
The table below lists competitors of Jardine Matheson Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RB Global
TO:RBA
|
$19.12 Billion |
|
EchoStar Corporation
NASDAQ:SATS
|
$19.16 Billion |
|
SUMITOMO MITSU.TR.H.ADR10
F:MIU0
|
$19.19 Billion |
|
Press Metal Bhd
KLSE:8869
|
$19.20 Billion |
|
EDP-ENERG.PORTUG. ADR/10
F:EDPA
|
$19.10 Billion |
|
Rivian Automotive Inc
NASDAQ:RIVN
|
$19.10 Billion |
|
NN GROUP NV UNSP.ADR/1
F:2NN0
|
$19.09 Billion |
|
Centrais Electricas Brasileiras SA
NYSE:EBR
|
$18.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jardine Matheson Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,010,000,000 to 27,880,000,000, a change of -1,130,000,000 (-3.9%).
- Net loss of 468,000,000 reduced equity.
- Dividend payments of 447,000,000 reduced retained earnings.
- Share repurchases of 101,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-468.00 Million | -1.68% |
| Dividends Paid | €447.00 Million | -1.6% |
| Share Repurchases | €101.00 Million | -0.36% |
| Other Changes | €-111.00 Million | -0.4% |
| Total Change | €- | -3.90% |
Book Value vs Market Value Analysis
This analysis compares Jardine Matheson 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: 0.51x
- 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 1.57x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €35.36 | €55.55 | x |
| 2018-12-31 | €35.74 | €55.55 | x |
| 2019-12-31 | €41.41 | €55.55 | x |
| 2020-12-31 | €40.59 | €55.55 | x |
| 2021-12-31 | €41.57 | €55.55 | x |
| 2022-12-31 | €99.74 | €55.55 | x |
| 2023-12-31 | €115.03 | €55.55 | x |
| 2024-12-31 | €109.64 | €55.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jardine Matheson 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): -1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.31%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 3.11x
- Recent ROE (-1.68%) is below the historical average (6.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.52% | 3.97% | 0.62x | 3.47x | €-272.60 Million |
| 2014 | 8.88% | 4.28% | 0.60x | 3.45x | €-216.70 Million |
| 2015 | 9.05% | 4.86% | 0.56x | 3.35x | €-189.60 Million |
| 2016 | 11.48% | 6.76% | 0.52x | 3.28x | €323.00 Million |
| 2017 | 14.75% | 9.59% | 0.48x | 3.23x | €1.22 Billion |
| 2018 | 6.58% | 4.07% | 0.49x | 3.27x | €-902.20 Million |
| 2019 | 9.35% | 6.94% | 0.42x | 3.20x | €-197.10 Million |
| 2020 | -1.34% | -1.21% | 0.35x | 3.18x | €-3.33 Billion |
| 2021 | 6.32% | 5.25% | 0.39x | 3.07x | €-1.10 Billion |
| 2022 | 1.23% | 0.94% | 0.42x | 3.09x | €-2.53 Billion |
| 2023 | 2.36% | 1.90% | 0.40x | 3.07x | €-2.21 Billion |
| 2024 | -1.68% | -1.31% | 0.41x | 3.11x | €-3.26 Billion |
Industry Comparison
This section compares Jardine Matheson Holdings Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $389,465,563,200
- Average return on equity (ROE) among peers: 8.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jardine Matheson Holdings Limited (H4W) | €53.79 Billion | 8.52% | 0.59x | $19.11 Billion |
| CK HUTCHISON HLDGS ADR 1 (2CKA) | $688.39 Billion | 1.72% | 0.68x | $26.54 Billion |
| NRW Holdings Limited (3NR) | $149.79 Million | 14.32% | 1.01x | $1.52 Billion |
| Orbia Advance Corporation S.A.B. de C.V (4FZ) | $3.17 Billion | 11.20% | 2.17x | $2.11 Billion |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $48.14 Billion | 20.57% | 5.10x | $505.15 Million |
| Pampa Energía S.A (9PAA) | $3.29 Billion | 18.79% | 0.93x | $3.74 Billion |
| ASAHI KASEI CORP. ADR/2 (ASA) | $1.91 Trillion | 7.05% | 1.10x | $11.73 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.08 Billion | 4.48% | 4.61x | $39.42 Million |
| BayWa AG vNa (BYW6) | $1.82 Billion | 3.89% | 5.48x | $175.44 Million |
| HPI AG (CEW3) | $0.00 | 0.00% | 0.00x | $215.77K |
| CITIC LTD. ADR/5 HD-40 (CPF0) | $1.23 Trillion | 5.26% | 7.54x | $39.45 Billion |
About Jardine Matheson Holdings Limited
Jardine Matheson Holdings Limited operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally. It is also involved in the restaurants and hotels, financial services, heavy equipment, mining, and agribusinesses. The co… Read more