Naspers Limited Net Assets
Naspers Limited net assets. Based on the latest financial reports, Naspers Limited (NNWN) has net assets worth €55.66 Billion EUR (≈ $65.08 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 (€80.21 Billion ≈ $93.78 Billion USD) and total liabilities (€24.55 Billion ≈ $28.70 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. Also explore net asset growth rate of Naspers Limited to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €55.66 Billion |
| % of Total Assets | 69.39% |
| Annual Growth Rate | 0.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.76 |
Net Assets of Naspers Limited (2022–2025)
Net assets of Naspers Limited from 2022 to 2025. This chart illustrates how Naspers Limited's net assets have evolved over time, based on quarterly financial data. See Naspers Limited (NNWN) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Naspers Limited (2022–2025)
The table below shows the annual net assets of Naspers Limited from 2022 to 2025. For live market cap and overall valuation, see Naspers Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €51.21 Billion ≈ $59.87 Billion |
+24.05% |
| 2024-03-31 | €41.28 Billion ≈ $48.26 Billion |
-7.45% |
| 2023-03-31 | €44.60 Billion ≈ $52.15 Billion |
-11.02% |
| 2022-03-31 | €50.13 Billion ≈ $58.60 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Naspers 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 3.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Naspers Limited Net Assets Breakdown (March 2025)
Naspers Limited net assets breakdown by equity component as of March 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €43.45 Billion | 195.85% |
| Total Equity | €22.18 Billion | 100.00% |
Naspers Limited Competitors by Market Cap
The table below lists competitors of Naspers Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Malayan Banking Bhd
KLSE:1155
|
$30.27 Billion |
|
STMicroelectronics NV ADR
NYSE:STM
|
$30.27 Billion |
|
Shinhan Financial Group Co Ltd
NYSE:SHG
|
$30.28 Billion |
|
George Weston Limited
TO:WN
|
$30.34 Billion |
|
Ameren Corp
NYSE:AEE
|
$30.13 Billion |
|
Yuanta Financial Holdings Co Ltd
TW:2885
|
$30.03 Billion |
|
Alcon AG
SW:ALC
|
$30.03 Billion |
|
Prudential plc
F:PRU2
|
$29.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Naspers Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,872,000,000 to 22,185,000,000, a change of 4,313,000,000 (24.1%).
- Net income of 5,242,000,000 contributed positively to equity growth.
- Dividend payments of 262,000,000 reduced retained earnings.
- Share repurchases of 3,458,000,000 reduced equity.
- New share issuances of 3,587,000,000 increased equity.
- Other factors decreased equity by 796,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.24 Billion | +23.63% |
| Dividends Paid | €262.00 Million | -1.18% |
| Share Repurchases | €3.46 Billion | -15.59% |
| Share Issuances | €3.59 Billion | +16.17% |
| Other Changes | €-796.00 Million | -3.59% |
| Total Change | €- | 24.13% |
Book Value vs Market Value Analysis
This analysis compares Naspers 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: 0.25x
- 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 0.35x to 0.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | €19.17 | €6.80 | x |
| 2023-03-31 | €19.39 | €6.80 | x |
| 2024-03-31 | €20.16 | €6.80 | x |
| 2025-03-31 | €27.33 | €6.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Naspers 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): 23.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 73.00%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 3.30x
- Recent ROE (23.63%) is below the historical average (30.46%), 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 | 59.39% | 194.20% | 0.09x | 3.47x | €10.16 Billion |
| 2023 | 22.84% | 72.67% | 0.09x | 3.45x | €2.44 Billion |
| 2024 | 15.97% | 44.39% | 0.10x | 3.48x | €1.07 Billion |
| 2025 | 23.63% | 73.00% | 0.10x | 3.30x | €3.02 Billion |
Industry Comparison
This section compares Naspers Limited's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $44,942,086,099
- Average return on equity (ROE) among peers: 10.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Naspers Limited (NNWN) | €55.66 Billion | 59.39% | 0.44x | $30.22 Billion |
| JD.com Inc Adr (013A) | $60.87 Billion | -4.09% | 2.44x | $34.07 Billion |
| JD.com Inc. (013C) | $221.62 Billion | 22.29% | 0.91x | $35.02 Billion |
| Vipshop Holdings Limited (1VPA) | $41.55 Billion | 18.63% | 0.80x | $5.32 Billion |
| PROSUS NV ADR/ 1/1 (1YL) | $41.29 Billion | 16.00% | 0.50x | $94.22 Billion |
| BAOZUN INC. A DL -0001 (2BZ) | $5.78 Billion | -3.20% | 0.77x | $124.51 Million |
| Baozun Inc (2BZA) | $6.10 Billion | -3.60% | 1.02x | $138.38 Million |
| YESASIA HOLDINGS LTD (4CM) | $52.99 Million | 35.96% | 1.28x | $135.32 Million |
| GIGLIO GROUP S.P.A. O.N. (5JR) | $408.00K | 29.17% | 58.28x | $872.65K |
| GIGLIO.COM S.P.A. O.N. (5JR0) | $13.39 Million | -21.41% | 0.90x | $6.29 Million |
| MERCARI INC. UNSP.ADR/1/2 (6TP0) | $72.14 Billion | 18.66% | 5.96x | $3.35 Billion |
About Naspers Limited
Naspers Limited operates as a consumer internet company in Africa, Asia, Europe, and internationally. The company operates internet platforms, such as classifieds, an online classifieds platform; Payments and Fintech, a mobile and online payment platform; Food Delivery, an online food ordering and delivery platforms; Edtech, an online educational technology platform; and Etail and other e-commerc… Read more