SANLAM LTD RC-01 ADR/2 (LA6S) - Net Assets
Based on the latest financial reports, SANLAM LTD RC-01 ADR/2 (LA6S) has net assets worth €111.52 Billion EUR (≈ $130.38 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 (€1.30 Trillion ≈ $1.51 Trillion USD) and total liabilities (€1.18 Trillion ≈ $1.38 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. Check LA6S capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €111.52 Billion |
| % of Total Assets | 8.61% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.92 |
SANLAM LTD RC-01 ADR/2 - Net Assets Trend (2021–2025)
This chart illustrates how SANLAM LTD RC-01 ADR/2's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SANLAM LTD RC-01 ADR/2 (LA6S) total market value.
Annual Net Assets for SANLAM LTD RC-01 ADR/2 (2021–2025)
The table below shows the annual net assets of SANLAM LTD RC-01 ADR/2 from 2021 to 2025. Also explore net asset momentum of SANLAM LTD RC-01 ADR/2 to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €111.52 Billion ≈ $130.38 Billion |
+1.24% |
| 2024-12-31 | €110.16 Billion ≈ $128.78 Billion |
+13.67% |
| 2023-12-31 | €96.91 Billion ≈ $113.29 Billion |
-2.07% |
| 2022-12-31 | €98.96 Billion ≈ $115.69 Billion |
+2.51% |
| 2021-12-31 | €96.53 Billion ≈ $112.86 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SANLAM LTD RC-01 ADR/2'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 30.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €82.59 Billion | 81.24% |
| Other Components | €19.07 Billion | 18.76% |
| Total Equity | €101.66 Billion | 100.00% |
SANLAM LTD RC-01 ADR/2 Competitors by Market Cap
The table below lists competitors of SANLAM LTD RC-01 ADR/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Deye Technology Co Ltd
SHG:605117
|
$11.01 Billion |
|
Harel Insurance Investments & Financial Services Ltd
TA:HARL
|
$11.02 Billion |
|
VAT GROUP AG UNSP.ADR 10
F:19V0
|
$11.02 Billion |
|
Avidity Biosciences, Inc
NASDAQ:RNAM
|
$11.02 Billion |
|
Posco Chemical Co Ltd
KO:003670
|
$10.98 Billion |
|
ORIGIN ENERGY UNSP.ADR/1
F:ORL0
|
$10.98 Billion |
|
Five Below Inc
NASDAQ:FIVE
|
$10.98 Billion |
|
Sociedad Química y Minera de Chile S.A.
SN:SQM-B
|
$10.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SANLAM LTD RC-01 ADR/2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 100,961,000,000 to 101,661,000,000, a change of 700,000,000 (0.7%).
- Net income of 15,941,000,000 contributed positively to equity growth.
- Share repurchases of 665,000,000 reduced equity.
- New share issuances of 12,000,000 increased equity.
- Other factors decreased equity by 14,588,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €15.94 Billion | +15.68% |
| Share Repurchases | €665.00 Million | -0.65% |
| Share Issuances | €12.00 Million | +0.01% |
| Other Changes | €-14.59 Billion | -14.35% |
| Total Change | €- | 0.69% |
Book Value vs Market Value Analysis
This analysis compares SANLAM LTD RC-01 ADR/2'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: 0.19x
- 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 |
|---|---|---|---|
| 2021-12-31 | €40.08 | €9.00 | x |
| 2022-12-31 | €41.40 | €9.00 | x |
| 2023-12-31 | €42.96 | €9.00 | x |
| 2024-12-31 | €48.36 | €9.00 | x |
| 2025-12-31 | €48.65 | €9.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SANLAM LTD RC-01 ADR/2 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): 15.68%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.71%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 12.75x
- Recent ROE (15.68%) is below the historical average (16.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 11.53% | 4.75% | 0.19x | 12.79x | €1.26 Billion |
| 2022 | 14.49% | 11.27% | 0.11x | 11.85x | €3.80 Billion |
| 2023 | 16.35% | 7.28% | 0.20x | 11.26x | €5.62 Billion |
| 2024 | 22.03% | 9.68% | 0.20x | 11.23x | €12.14 Billion |
| 2025 | 15.68% | 5.71% | 0.22x | 12.75x | €5.77 Billion |
Industry Comparison
This section compares SANLAM LTD RC-01 ADR/2's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $249,910,911,111
- Average return on equity (ROE) among peers: 11.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SANLAM LTD RC-01 ADR/2 (LA6S) | €111.52 Billion | 11.53% | 10.62x | $10.98 Billion |
| CIG PANNONIA LIFE INSURA. (0CKA) | $25.55 Billion | 15.49% | 6.55x | $74.04 Million |
| China Pacific Insurance (Group) Co. Ltd (75C) | $183.32 Billion | 15.13% | 7.34x | $10.38 Billion |
| CHINA PAC.IN.GR.GDR/5 YC1 (75CB) | $201.67 Billion | 18.54% | 9.27x | $31.37 Billion |
| China Life Insurance Company Limited (CHL) | $521.25 Billion | 20.52% | 11.99x | $27.14 Billion |
| DISCOVERY LTD(UNSP.ADR)/3 (D3H0) | $65.70 Billion | 14.56% | 3.98x | $8.48 Billion |
| HANSARD GLOBAL PLC LS-50 (H9G) | $22.20 Million | 16.22% | 58.06x | $81.93 Million |
| New China Life Insurance Company Ltd (NCL) | $59.12 Billion | 8.36% | 10.83x | $6.11 Billion |
| Prudential plc (PRU2) | $17.26 Billion | -11.83% | 10.53x | $29.96 Billion |
| Ping An Insurance (Group) Company of China Ltd (PZX) | $1.18 Trillion | 7.13% | 8.48x | $52.07 Billion |
About SANLAM LTD RC-01 ADR/2
Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally. It offers life, disability, severe illness, income protection, funeral, credit life, health solutions, cancer coverage, and corporate insurance solutions. The company also provides financial planning services; retirement solutions, such… Read more