Absa Group Ltd
Absa Group Limited, together with its subsidiaries, provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. The company offers life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, d… Read more
Absa Group Ltd (ABG) - Net Assets
Latest net assets as of June 2025: ZAC187.69 Billion ZAC
Based on the latest financial reports, Absa Group Ltd (ABG) has net assets worth ZAC187.69 Billion ZAC as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC2.16 Trillion) and total liabilities (ZAC1.97 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC187.69 Billion |
| % of Total Assets | 8.69% |
| Annual Growth Rate | 11.25% |
| 5-Year Change | 38.53% |
| 10-Year Change | 85.79% |
| Growth Volatility | 10.08 |
Absa Group Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Absa Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Absa Group Ltd (2003–2024)
The table below shows the annual net assets of Absa Group Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC183.28 Billion | +11.48% |
| 2023-12-31 | ZAC164.40 Billion | +7.42% |
| 2022-12-31 | ZAC153.05 Billion | +3.90% |
| 2021-12-31 | ZAC147.31 Billion | +11.34% |
| 2020-12-31 | ZAC132.30 Billion | +2.81% |
| 2019-12-31 | ZAC128.68 Billion | +5.82% |
| 2018-12-31 | ZAC121.61 Billion | +2.14% |
| 2017-12-31 | ZAC119.06 Billion | +16.41% |
| 2016-12-31 | ZAC102.28 Billion | +3.68% |
| 2015-12-31 | ZAC98.65 Billion | +8.47% |
| 2014-12-31 | ZAC90.94 Billion | +6.74% |
| 2013-12-31 | ZAC85.20 Billion | +17.04% |
| 2012-12-31 | ZAC72.79 Billion | +6.42% |
| 2011-12-31 | ZAC68.41 Billion | +10.07% |
| 2010-12-31 | ZAC62.15 Billion | +10.02% |
| 2009-12-31 | ZAC56.49 Billion | +6.65% |
| 2008-12-31 | ZAC52.97 Billion | +24.45% |
| 2007-12-31 | ZAC42.56 Billion | +21.88% |
| 2006-12-31 | ZAC34.92 Billion | +45.72% |
| 2004-12-31 | ZAC23.96 Billion | +22.77% |
| 2003-12-31 | ZAC19.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Absa Group Ltd'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 13919900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC139.20 Billion | 81.96% |
| Common Stock | ZAC1.66 Billion | 0.98% |
| Other Comprehensive Income | ZAC16.85 Billion | 9.92% |
| Other Components | ZAC12.14 Billion | 7.15% |
| Total Equity | ZAC169.85 Billion | 100.00% |
Absa Group Ltd Competitors by Market Cap
The table below lists competitors of Absa Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tucows Inc.
NASDAQ:TCX
|
$91.91 Million |
|
Gear Energy Ltd
OTCQX:GENGF
|
$91.93 Million |
|
Solstad Offshore ASA
PINK:SLOFF
|
$91.96 Million |
|
What's Cooking Group NV/SA
BR:WHATS
|
$91.99 Million |
|
Banca Sistema S.p.A
LSE:0R9H
|
$91.86 Million |
|
SPCG Public Company Limited
BK:SPCG
|
$91.84 Million |
|
Croghan Bancshares Inc
OTCQB:CHBH
|
$91.84 Million |
|
OSWALPUMPS
NSE:OSWALPUMPS
|
$91.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Absa Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 152,848,000,000 to 169,848,000,000, a change of 17,000,000,000 (11.1%).
- Net income of 22,637,000,000 contributed positively to equity growth.
- Dividend payments of 12,466,000,000 reduced retained earnings.
- Share repurchases of 1,678,000,000 reduced equity.
- New share issuances of 2,289,000,000 increased equity.
- Other comprehensive income increased equity by 7,367,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC22.64 Billion | +13.33% |
| Dividends Paid | ZAC12.47 Billion | -7.34% |
| Share Repurchases | ZAC1.68 Billion | -0.99% |
| Share Issuances | ZAC2.29 Billion | +1.35% |
| Other Comprehensive Income | ZAC7.37 Billion | +4.34% |
| Other Changes | ZAC-1.15 Billion | -0.68% |
| Total Change | ZAC- | 11.12% |
Book Value vs Market Value Analysis
This analysis compares Absa Group Ltd'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: 113.36x
- 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 780.82x to 113.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | ZAC29.71 | ZAC23198.00 | x |
| 2004-12-31 | ZAC35.05 | ZAC23198.00 | x |
| 2006-12-31 | ZAC48.77 | ZAC23198.00 | x |
| 2007-12-31 | ZAC59.41 | ZAC23198.00 | x |
| 2008-12-31 | ZAC67.27 | ZAC23198.00 | x |
| 2009-12-31 | ZAC71.04 | ZAC23198.00 | x |
| 2010-12-31 | ZAC86.23 | ZAC23198.00 | x |
| 2011-12-31 | ZAC86.55 | ZAC23198.00 | x |
| 2012-12-31 | ZAC78.81 | ZAC23198.00 | x |
| 2013-12-31 | ZAC91.18 | ZAC23198.00 | x |
| 2014-12-31 | ZAC97.56 | ZAC23198.00 | x |
| 2015-12-31 | ZAC105.38 | ZAC23198.00 | x |
| 2016-12-31 | ZAC111.59 | ZAC23198.00 | x |
| 2017-12-31 | ZAC130.03 | ZAC23198.00 | x |
| 2018-12-31 | ZAC131.64 | ZAC23198.00 | x |
| 2019-12-31 | ZAC136.28 | ZAC23198.00 | x |
| 2020-12-31 | ZAC139.94 | ZAC23198.00 | x |
| 2021-12-31 | ZAC164.58 | ZAC23198.00 | x |
| 2022-12-31 | ZAC170.75 | ZAC23198.00 | x |
| 2023-12-31 | ZAC183.89 | ZAC23198.00 | x |
| 2024-12-31 | ZAC204.64 | ZAC23198.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Absa Group Ltd 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): 13.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.46%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 12.18x
- Recent ROE (13.33%) is below the historical average (15.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 23.28% | 22.01% | 0.07x | 15.86x | ZAC2.57 Billion |
| 2004 | 23.22% | 24.52% | 0.06x | 14.69x | ZAC3.14 Billion |
| 2006 | 23.67% | 31.00% | 0.05x | 14.18x | ZAC4.77 Billion |
| 2007 | 23.55% | 31.22% | 0.05x | 15.06x | ZAC5.77 Billion |
| 2008 | 22.40% | 22.86% | 0.06x | 16.37x | ZAC5.86 Billion |
| 2009 | 13.53% | 14.88% | 0.06x | 14.20x | ZAC1.79 Billion |
| 2010 | 13.06% | 18.96% | 0.06x | 11.53x | ZAC1.90 Billion |
| 2011 | 15.53% | 21.11% | 0.06x | 12.63x | ZAC3.44 Billion |
| 2012 | 12.55% | 18.12% | 0.06x | 12.08x | ZAC1.70 Billion |
| 2013 | 15.50% | 20.20% | 0.06x | 12.41x | ZAC4.25 Billion |
| 2014 | 15.98% | 20.98% | 0.06x | 11.99x | ZAC4.95 Billion |
| 2015 | 16.05% | 21.37% | 0.06x | 12.82x | ZAC5.40 Billion |
| 2016 | 15.81% | 20.32% | 0.07x | 11.83x | ZAC5.40 Billion |
| 2017 | 12.75% | 18.87% | 0.06x | 10.75x | ZAC2.98 Billion |
| 2018 | 12.71% | 18.19% | 0.06x | 11.77x | ZAC2.97 Billion |
| 2019 | 12.58% | 17.81% | 0.06x | 12.35x | ZAC2.93 Billion |
| 2020 | 5.59% | 10.60% | 0.04x | 13.24x | ZAC-5.10 Billion |
| 2021 | 13.41% | 23.72% | 0.05x | 11.99x | ZAC4.66 Billion |
| 2022 | 14.70% | 25.14% | 0.05x | 12.63x | ZAC6.67 Billion |
| 2023 | 13.01% | 22.32% | 0.05x | 12.27x | ZAC4.61 Billion |
| 2024 | 13.33% | 20.46% | 0.05x | 12.18x | ZAC5.65 Billion |
Industry Comparison
This section compares Absa Group Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,944,650,000
- Average return on equity (ROE) among peers: 16.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Absa Group Ltd (ABG) | ZAC187.69 Billion | 23.28% | 10.51x | $91.91 Million |
| ABSA Bank Limited (ABSP) | $58.93 Billion | 15.78% | 12.81x | $473.44K |
| Capitec Bank Holdings Ltd (CPI) | $1.73 Billion | 26.00% | 4.49x | $286.37 Million |
| Investec Ltd (INL) | $3.96 Billion | 10.62% | 11.86x | $62.98 Million |
| RMB Holdings Ltd (RMH) | $19.00 Billion | 18.51% | 0.03x | $347.93K |
| Sasfin (SFN) | $1.11 Billion | 10.27% | 2.94x | $457.92K |