Absa Group Ltd (ABG) - Net Assets

Latest as of June 2025: ZAC187.69 Billion ZAC ≈ $99.75 Million USD

Based on the latest financial reports, Absa Group Ltd (ABG) has net assets worth ZAC187.69 Billion ZAC (≈ $99.75 Million USD) 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 ≈ $1.15 Billion USD) and total liabilities (ZAC1.97 Trillion ≈ $1.05 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. Check ABG asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore ABG total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see ABG company net worth.

Year Net Assets Change
2024-12-31 ZAC183.28 Billion
≈ $97.40 Million		 +11.48%
2023-12-31 ZAC164.40 Billion
≈ $87.37 Million		 +7.42%
2022-12-31 ZAC153.05 Billion
≈ $81.34 Million		 +3.90%
2021-12-31 ZAC147.31 Billion
≈ $78.29 Million		 +11.34%
2020-12-31 ZAC132.30 Billion
≈ $70.31 Million		 +2.81%
2019-12-31 ZAC128.68 Billion
≈ $68.39 Million		 +5.82%
2018-12-31 ZAC121.61 Billion
≈ $64.63 Million		 +2.14%
2017-12-31 ZAC119.06 Billion
≈ $63.27 Million		 +16.41%
2016-12-31 ZAC102.28 Billion
≈ $54.36 Million		 +3.68%
2015-12-31 ZAC98.65 Billion
≈ $52.43 Million		 +8.47%
2014-12-31 ZAC90.94 Billion
≈ $48.33 Million		 +6.74%
2013-12-31 ZAC85.20 Billion
≈ $45.28 Million		 +17.04%
2012-12-31 ZAC72.79 Billion
≈ $38.69 Million		 +6.42%
2011-12-31 ZAC68.41 Billion
≈ $36.35 Million		 +10.07%
2010-12-31 ZAC62.15 Billion
≈ $33.03 Million		 +10.02%
2009-12-31 ZAC56.49 Billion
≈ $30.02 Million		 +6.65%
2008-12-31 ZAC52.97 Billion
≈ $28.15 Million		 +24.45%
2007-12-31 ZAC42.56 Billion
≈ $22.62 Million		 +21.88%
2006-12-31 ZAC34.92 Billion
≈ $18.56 Million		 +45.72%
2004-12-31 ZAC23.96 Billion
≈ $12.74 Million		 +22.77%
2003-12-31 ZAC19.52 Billion
≈ $10.37 Million		 --

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
MP Materials Corp
NYSE:MP
 $10.28 Billion
Zhejiang Chint Electrics Co
SHG:601877
 $10.29 Billion
Fujikura Ltd
NYSE:FJIKY
 $10.31 Billion
Vietnam JSCmmercial Bank for Industry and Trade
VN:CTG
 $10.31 Billion
Deutsche Lufthansa AG
XETRA:LHA
 $10.27 Billion
S-Oil Corp
KO:010950
 $10.26 Billion
Stantec Inc
TO:STN
 $10.26 Billion
Saia Inc
NASDAQ:SAIA
 $10.26 Billion

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: 113.87x
  • 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 784.32x to 113.87x 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 ZAC23302.00 x
2004-12-31 ZAC35.05 ZAC23302.00 x
2006-12-31 ZAC48.77 ZAC23302.00 x
2007-12-31 ZAC59.41 ZAC23302.00 x
2008-12-31 ZAC67.27 ZAC23302.00 x
2009-12-31 ZAC71.04 ZAC23302.00 x
2010-12-31 ZAC86.23 ZAC23302.00 x
2011-12-31 ZAC86.55 ZAC23302.00 x
2012-12-31 ZAC78.81 ZAC23302.00 x
2013-12-31 ZAC91.18 ZAC23302.00 x
2014-12-31 ZAC97.56 ZAC23302.00 x
2015-12-31 ZAC105.38 ZAC23302.00 x
2016-12-31 ZAC111.59 ZAC23302.00 x
2017-12-31 ZAC130.03 ZAC23302.00 x
2018-12-31 ZAC131.64 ZAC23302.00 x
2019-12-31 ZAC136.28 ZAC23302.00 x
2020-12-31 ZAC139.94 ZAC23302.00 x
2021-12-31 ZAC164.58 ZAC23302.00 x
2022-12-31 ZAC170.75 ZAC23302.00 x
2023-12-31 ZAC183.89 ZAC23302.00 x
2024-12-31 ZAC204.64 ZAC23302.00 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: $61,375,999,000
  • Average return on equity (ROE) among peers: 15.51%

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 $10.27 Billion
ABSA Bank Limited (ABSP) $57.26 Billion 15.25% 12.84x $4.29 Billion
Capitec Bank Holdings Ltd (CPI) $18.89 Billion 23.67% 3.50x $26.62 Billion
Investec Ltd (INL) $1.82 Billion 18.69% 13.45x $1.84 Billion
Nedbank Group Ltd (NED) $115.90 Billion 13.17% 9.81x $6.61 Billion
RMB Holdings Ltd (RMH) $21.74 Billion 11.43% 0.31x $34.71 Million
Standard Bank Group Ltd (SBK) $152.65 Billion 10.85% 10.08x $27.58 Billion

About Absa Group Ltd

JSE:ABG South Africa Banks - Regional
Market Cap
$10.27 Billion
ZAC19.32 Trillion ZAC
Market Cap Rank
#2194 Global
#14 in South Africa
Share Price
ZAC23302.00
Change (1 day)
+0.11%
52-Week Range
ZAC16596.00 - ZAC27203.00
All Time High
ZAC27203.00
Categories
Companies in South Africa Banks - Regional Banking & Financial
About

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