ABSA Bank Limited
Absa Bank Limited, together with its subsidiaries, provides various banking and financial products and services to personal, business, and corporate clients in South Africa, Nigeria, and Namibia. It offers accounts, credit cards, loans, investments, pensions, insurances, international banking, and other services to individuals. The company also provides start-ups, accounts, credit cards, payments… Read more
ABSA Bank Limited (ABSP) - Net Assets
Latest net assets as of December 2019: ZAC91.33 Billion ZAC
Based on the latest financial reports, ABSA Bank Limited (ABSP) has net assets worth ZAC91.33 Billion ZAC as of December 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.16 Trillion) and total liabilities (ZAC1.07 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 | ZAC91.33 Billion |
| % of Total Assets | 7.87% |
| Annual Growth Rate | 8.09% |
| 5-Year Change | 50.96% |
| 10-Year Change | N/A |
| Growth Volatility | 8.42 |
ABSA Bank Limited - Net Assets Trend (2013–2019)
This chart illustrates how ABSA Bank Limited'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 Bank Limited (2013–2019)
The table below shows the annual net assets of ABSA Bank Limited from 2013 to 2019.
| Year | Net Assets | Change |
|---|---|---|
| 2019-12-31 | ZAC91.33 Billion | +9.13% |
| 2018-12-31 | ZAC83.69 Billion | -1.93% |
| 2017-12-31 | ZAC85.33 Billion | +23.13% |
| 2016-12-31 | ZAC69.30 Billion | +14.55% |
| 2015-12-31 | ZAC60.50 Billion | +2.67% |
| 2014-12-31 | ZAC58.93 Billion | +2.91% |
| 2013-12-31 | ZAC57.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ABSA Bank 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 grown by 13.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2019)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC39.08 Billion | 45.08% |
| Common Stock | ZAC304.00 Million | 0.35% |
| Other Components | ZAC47.30 Billion | 54.57% |
| Total Equity | ZAC86.68 Billion | 100.00% |
ABSA Bank Limited Competitors by Market Cap
The table below lists competitors of ABSA Bank Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EUWAX AG
MU:EUX
|
$473.67K |
|
Iveda Solutions Inc. Warrant
NASDAQ:IVDAW
|
$474.79K |
|
CHEESECAKE FACTORY - Dusseldorf Stock Exchang
DU:CF2
|
$474.94K |
|
Crown Resources Corp
PINK:CRCE
|
$475.01K |
|
Mastrad
PA:ALMAS
|
$473.26K |
|
BANCA GENERALI (B7A.SG)
STU:B7A
|
$472.84K |
|
Esso SAF
MU:EH8
|
$472.35K |
|
TECHNE CORP
BE:TE1
|
$472.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ABSA Bank Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2019, total equity changed from 83,695,000,000 to 86,678,000,000, a change of 2,983,000,000 (3.6%).
- Net income of 7,885,000,000 contributed positively to equity growth.
- Dividend payments of 3,276,000,000 reduced retained earnings.
- Other factors decreased equity by 1,626,000,000.
Equity Change Factors (2018 to 2019)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC7.88 Billion | +9.1% |
| Dividends Paid | ZAC3.28 Billion | -3.78% |
| Other Changes | ZAC-1.63 Billion | -1.88% |
| Total Change | ZAC- | 3.56% |
Book Value vs Market Value Analysis
This analysis compares ABSA Bank 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: 513.14x
- 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 increased from 503.33x to 513.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ZAC190.33 | ZAC95800.00 | x |
| 2018-12-31 | ZAC186.69 | ZAC95800.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ABSA Bank 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): 9.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.88%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 13.38x
- Recent ROE (9.10%) is below the historical average (13.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 16.61% | 24.10% | 0.05x | 15.08x | ZAC3.48 Billion |
| 2014 | 17.13% | 23.71% | 0.05x | 15.00x | ZAC3.87 Billion |
| 2015 | 17.99% | 24.53% | 0.04x | 16.76x | ZAC4.46 Billion |
| 2016 | 14.32% | 20.31% | 0.05x | 13.26x | ZAC2.99 Billion |
| 2017 | 9.93% | 16.92% | 0.05x | 11.58x | ZAC-55.70 Million |
| 2018 | 9.58% | 15.47% | 0.05x | 12.90x | ZAC-347.50 Million |
| 2019 | 9.10% | 16.88% | 0.04x | 13.38x | ZAC-782.80 Million |
Industry Comparison
This section compares ABSA Bank Limited's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $31,620,050,000
- Average return on equity (ROE) among peers: 14.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ABSA Bank Limited (ABSP) | ZAC91.33 Billion | 16.61% | 11.70x | $473.44K |
| Absa Group Ltd (ABG) | $132.30 Billion | 4.89% | 10.57x | $91.91 Million |
| 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 |