Softcat plc (SF5) - Net Assets
Based on the latest financial reports, Softcat plc (SF5) has net assets worth €280.91 Million EUR (≈ $328.41 Million USD) as of January 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€831.88 Million ≈ $972.56 Million USD) and total liabilities (€550.97 Million ≈ $644.14 Million 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 Softcat plc (SF5) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €280.91 Million |
| % of Total Assets | 33.77% |
| Annual Growth Rate | 18.95% |
| 5-Year Change | 111.75% |
| 10-Year Change | N/A |
| Growth Volatility | 4.22 |
Softcat plc - Net Assets Trend (2017–2024)
This chart illustrates how Softcat plc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Softcat plc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Softcat plc (2017–2024)
The table below shows the annual net assets of Softcat plc from 2017 to 2024. For live valuation and market cap data, see SF5 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | €298.04 Million ≈ $348.44 Million |
+18.53% |
| 2023-07-31 | €251.44 Million ≈ $293.97 Million |
+19.11% |
| 2022-07-31 | €211.10 Million ≈ $246.80 Million |
+17.84% |
| 2021-07-31 | €179.14 Million ≈ $209.44 Million |
+27.28% |
| 2020-07-31 | €140.75 Million ≈ $164.55 Million |
+21.97% |
| 2019-07-31 | €115.39 Million ≈ $134.91 Million |
+14.46% |
| 2018-07-31 | €100.82 Million ≈ $117.86 Million |
+14.02% |
| 2017-07-31 | €88.42 Million ≈ $103.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Softcat plc'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 247.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €290.50 Million | 97.47% |
| Other Components | €7.53 Million | 2.53% |
| Total Equity | €298.04 Million | 100.00% |
Softcat plc Competitors by Market Cap
The table below lists competitors of Softcat plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rede Energia Participações S.A
SA:REDE3
|
$3.14 Billion |
|
Iskenderun Demir ve Celik AS
IS:ISDMR
|
$3.15 Billion |
|
Shanghai Lingang Holdings Co Ltd A
SHG:600848
|
$3.15 Billion |
|
Wienerberger AG
VI:WIE
|
$3.15 Billion |
|
YETI Holdings Inc
NYSE:YETI
|
$3.14 Billion |
|
Bank of Qingdao Co Ltd
SHE:002948
|
$3.14 Billion |
|
Sparebank 1 SMN
OL:MING
|
$3.14 Billion |
|
Anhui Conch Cement Company Limited
F:AQE
|
$3.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Softcat plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 251,445,000 to 298,037,000, a change of 46,592,000 (18.5%).
- Net income of 119,044,000 contributed positively to equity growth.
- Dividend payments of 76,048,000 reduced retained earnings.
- Other factors increased equity by 3,596,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €119.04 Million | +39.94% |
| Dividends Paid | €76.05 Million | -25.52% |
| Other Changes | €3.60 Million | +1.21% |
| Total Change | €- | 18.53% |
Book Value vs Market Value Analysis
This analysis compares Softcat plc'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: 10.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 34.19x to 10.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-07-31 | €0.45 | €15.30 | x |
| 2018-07-31 | €0.51 | €15.30 | x |
| 2019-07-31 | €0.58 | €15.30 | x |
| 2020-07-31 | €0.71 | €15.30 | x |
| 2021-07-31 | €0.90 | €15.30 | x |
| 2022-07-31 | €1.06 | €15.30 | x |
| 2023-07-31 | €1.26 | €15.30 | x |
| 2024-07-31 | €1.50 | €15.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Softcat plc 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): 39.94%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.37%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 2.62x
- Recent ROE (39.94%) is below the historical average (50.44%), 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 | 45.36% | 4.82% | 3.34x | 2.82x | €31.27 Million |
| 2018 | 54.56% | 5.09% | 3.68x | 2.92x | €44.92 Million |
| 2019 | 59.33% | 6.90% | 2.58x | 3.33x | €56.92 Million |
| 2020 | 53.76% | 7.02% | 2.50x | 3.06x | €61.59 Million |
| 2021 | 53.69% | 8.32% | 2.33x | 2.78x | €78.27 Million |
| 2022 | 52.30% | 10.24% | 1.60x | 3.18x | €89.30 Million |
| 2023 | 44.55% | 11.37% | 1.52x | 2.58x | €86.88 Million |
| 2024 | 39.94% | 12.37% | 1.23x | 2.62x | €89.24 Million |
Industry Comparison
This section compares Softcat plc's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $2,428,919,200
- Average return on equity (ROE) among peers: 2.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Softcat plc (SF5) | €280.91 Million | 45.36% | 1.96x | $3.14 Billion |
| Cogobuy Group (7C3) | $3.64 Billion | 8.30% | 0.52x | $428.29 Million |
| REXEL S.A. ADR EO 5 (E7V0) | $5.57 Billion | 6.09% | 1.59x | $11.02 Billion |
| FORTEC Elektronik AG (FEV) | $22.12 Million | 6.94% | 0.17x | $35.43 Million |
| Forgame Holdings Limited (FH0) | $484.41 Million | -12.24% | 0.09x | $12.88 Million |
About Softcat plc
Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as hybrid infrastructure, workplace technology, cyber security, networking and connectivity, data, automation, and AI for businesses and public sector organizations. It also offers public cloud, collabora… Read more