Honma Golf Limited (HF5) - Net Assets
Based on the latest financial reports, Honma Golf Limited (HF5) has net assets worth €25.36 Billion EUR (≈ $29.65 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€38.66 Billion ≈ $45.20 Billion USD) and total liabilities (€13.30 Billion ≈ $15.55 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. Read debt load of Honma Golf Limited for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €25.36 Billion |
| % of Total Assets | 65.59% |
| Annual Growth Rate | 0.92% |
| 5-Year Change | 29.82% |
| 10-Year Change | N/A |
| Growth Volatility | 12.69 |
Honma Golf Limited - Net Assets Trend (2017–2025)
This chart illustrates how Honma Golf Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Honma Golf Limited for the complete picture of this company's asset base.
Annual Net Assets for Honma Golf Limited (2017–2025)
The table below shows the annual net assets of Honma Golf Limited from 2017 to 2025. For live valuation and market cap data, see HF5 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €27.68 Billion ≈ $32.36 Billion |
-3.46% |
| 2024-03-31 | €28.67 Billion ≈ $33.52 Billion |
+10.15% |
| 2023-03-31 | €26.03 Billion ≈ $30.43 Billion |
+2.68% |
| 2022-03-31 | €25.35 Billion ≈ $29.64 Billion |
+18.91% |
| 2021-03-31 | €21.32 Billion ≈ $24.93 Billion |
+0.27% |
| 2020-03-31 | €21.26 Billion ≈ $24.86 Billion |
-27.16% |
| 2019-03-31 | €29.19 Billion ≈ $34.13 Billion |
+4.24% |
| 2018-03-31 | €28.00 Billion ≈ $32.74 Billion |
+8.84% |
| 2017-03-31 | €25.73 Billion ≈ $30.08 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Honma Golf 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 grown by 26.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.70 Billion | 38.61% |
| Other Components | €17.02 Billion | 61.39% |
| Total Equity | €27.73 Billion | 100.00% |
Honma Golf Limited Competitors by Market Cap
The table below lists competitors of Honma Golf Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suryoday Small Finance Bank Limited
NSE:SURYODAY
|
$206.83 Million |
|
BENZ MINING CORP CDI/1
F:1VU0
|
$206.94 Million |
|
Quang Viet Enterprise Co Ltd
TW:4438
|
$206.95 Million |
|
KIP Real Estate Investment Trust
KLSE:5280
|
$206.99 Million |
|
PERPETUAL EQU. INV.
F:P82
|
$206.74 Million |
|
Sapura Energy Bhd
KLSE:5218
|
$206.74 Million |
|
Acme Electronics
TWO:8121
|
$206.68 Million |
|
PT Multikarya Asia Pacific Ray
JK:MKAP
|
$206.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Honma Golf Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,717,835,000 to 27,725,533,000, a change of -992,302,000 (-3.5%).
- Net loss of 264,233,000 reduced equity.
- Dividend payments of 908,463,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-264.23 Million | -0.95% |
| Dividends Paid | €908.46 Million | -3.28% |
| Other Changes | €180.39 Million | +0.65% |
| Total Change | €- | -3.46% |
Book Value vs Market Value Analysis
This analysis compares Honma Golf 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: 0.01x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €42.32 | €0.30 | x |
| 2018-03-31 | €46.06 | €0.30 | x |
| 2019-03-31 | €48.01 | €0.30 | x |
| 2020-03-31 | €35.18 | €0.30 | x |
| 2021-03-31 | €35.28 | €0.30 | x |
| 2022-03-31 | €41.94 | €0.30 | x |
| 2023-03-31 | €43.06 | €0.30 | x |
| 2024-03-31 | €47.42 | €0.30 | x |
| 2025-03-31 | €45.78 | €0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Honma Golf 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): -0.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.22%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.45x
- Recent ROE (-0.95%) is below the historical average (11.57%), 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 | 17.73% | 18.85% | 0.78x | 1.20x | €1.99 Billion |
| 2018 | 14.03% | 14.96% | 0.73x | 1.29x | €1.13 Billion |
| 2019 | 14.40% | 15.16% | 0.71x | 1.34x | €1.29 Billion |
| 2020 | -3.44% | -3.08% | 0.61x | 1.83x | €-2.86 Billion |
| 2021 | 8.70% | 8.18% | 0.62x | 1.71x | €-277.64 Million |
| 2022 | 24.38% | 21.37% | 0.70x | 1.63x | €3.65 Billion |
| 2023 | 12.48% | 11.04% | 0.73x | 1.55x | €647.84 Million |
| 2024 | 16.81% | 18.41% | 0.62x | 1.48x | €1.96 Billion |
| 2025 | -0.95% | -1.22% | 0.54x | 1.45x | €-3.04 Billion |
Industry Comparison
This section compares Honma Golf Limited's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $8,210,530,878
- Average return on equity (ROE) among peers: 5.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Honma Golf Limited (HF5) | €25.36 Billion | 17.73% | 0.52x | $206.82 Million |
| POP MART INT.GRP.DL-0001 (735) | $10.88 Billion | 28.71% | 0.37x | $21.78 Billion |
| GULLBERG+JANSSON AB (9D7) | $137.14 Million | -12.23% | 0.93x | $11.44 Million |
| ANTA Sports Products Limited (AS7) | $56.01 Billion | 18.28% | 0.65x | $24.66 Billion |
| Goodbaby International Holdings Limited (GBH) | $2.48 Billion | 8.37% | 1.23x | $179.43 Million |
| Oberstdorfer Bergbahn AG (KVO) | $1.65 Million | 14.31% | 2.12x | $4.42 Million |
| Li Ning Company Limited (LNLB) | $4.00 Billion | 16.09% | 0.70x | $6.13 Billion |
| Münchener Tierpark Hellabrunn AG (MTP) | $46.64 Million | 3.13% | 0.22x | $80.40 Million |
| tonies SE (TNIE) | $334.64 Million | -9.46% | 0.44x | $1.09 Billion |
| UNITEDLABELS Aktiengesellschaft (ULC) | $4.75 Million | -13.52% | 5.41x | $7.80 Million |
About Honma Golf Limited
Honma Golf Limited, an investment holding company, designs, develops, manufactures, and sells a range of golf club equipment in Japan, Korea, Hong Kong, Macau, rest of China, North America, Europe, and internationally. The company offers driver, fairway, utility, hybrid, iron, wedge, and putter clubs; and golf balls, caddie bags, golf bags, golf club head covers, golf gloves, shoes, belts and soc… Read more