Advtech (ADH) - Net Assets
Based on the latest financial reports, Advtech (ADH) has net assets worth ZAC6.39 Billion ZAC (≈ $3.39 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 (ZAC11.07 Billion ≈ $5.88 Million USD) and total liabilities (ZAC4.68 Billion ≈ $2.49 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. Check ADH cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC6.39 Billion |
| % of Total Assets | 57.71% |
| Annual Growth Rate | 17.67% |
| 5-Year Change | 59.76% |
| 10-Year Change | 174.08% |
| Growth Volatility | 27.42 |
Advtech - Net Assets Trend (2002–2024)
This chart illustrates how Advtech's net assets have evolved over time, based on quarterly financial data. Also explore ADH current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Advtech (2002–2024)
The table below shows the annual net assets of Advtech from 2002 to 2024. For live valuation and market cap data, see ADH stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC6.18 Billion ≈ $3.28 Million |
+12.38% |
| 2023-12-31 | ZAC5.50 Billion ≈ $2.92 Million |
+11.05% |
| 2022-12-31 | ZAC4.95 Billion ≈ $2.63 Million |
+12.30% |
| 2021-12-31 | ZAC4.41 Billion ≈ $2.34 Million |
+14.00% |
| 2020-12-31 | ZAC3.87 Billion ≈ $2.06 Million |
+13.08% |
| 2019-12-31 | ZAC3.42 Billion ≈ $1.82 Million |
+7.83% |
| 2018-12-31 | ZAC3.17 Billion ≈ $1.69 Million |
+10.13% |
| 2017-12-31 | ZAC2.88 Billion ≈ $1.53 Million |
+7.57% |
| 2016-12-31 | ZAC2.68 Billion ≈ $1.42 Million |
+18.75% |
| 2015-12-31 | ZAC2.25 Billion ≈ $1.20 Million |
+142.73% |
| 2014-12-31 | ZAC928.80 Million ≈ $493.61K |
+8.89% |
| 2013-12-31 | ZAC853.00 Million ≈ $453.33K |
+7.55% |
| 2012-12-31 | ZAC793.10 Million ≈ $421.49K |
+5.58% |
| 2011-12-31 | ZAC751.20 Million ≈ $399.22K |
+10.83% |
| 2010-12-31 | ZAC677.80 Million ≈ $360.22K |
+11.01% |
| 2009-12-31 | ZAC610.59 Million ≈ $324.50K |
+19.98% |
| 2008-12-31 | ZAC508.89 Million ≈ $270.45K |
+22.28% |
| 2007-12-31 | ZAC416.18 Million ≈ $221.18K |
+26.64% |
| 2006-12-31 | ZAC328.63 Million ≈ $174.65K |
+14.55% |
| 2005-12-31 | ZAC286.90 Million ≈ $152.47K |
+13.58% |
| 2004-12-31 | ZAC252.60 Million ≈ $134.24K |
+18.07% |
| 2003-12-31 | ZAC213.94 Million ≈ $113.70K |
+24.10% |
| 2002-12-31 | ZAC172.40 Million ≈ $91.62K |
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Equity Component Analysis
This analysis shows how different components contribute to Advtech'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 448980000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC4.49 Billion | 73.07% |
| Common Stock | ZAC1.60 Billion | 25.97% |
| Other Comprehensive Income | ZAC116.30 Million | 1.89% |
| Total Equity | ZAC6.14 Billion | 100.00% |
Advtech Competitors by Market Cap
The table below lists competitors of Advtech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Communications Services Corporation Limited
F:CMW
|
$1.27 Billion |
|
Cairn Homes PLC
IR:C5H
|
$1.27 Billion |
|
JinkoSolar Holding Company Limited
NYSE:JKS
|
$1.27 Billion |
|
Lightspeed Commerce Inc
TO:LSPD
|
$1.27 Billion |
|
Wizz Air Holdings Plc
F:WI2
|
$1.27 Billion |
|
Zhejiang Xianju Pharmaceutical Co Ltd
SHE:002332
|
$1.27 Billion |
|
Jiangxi Hungpai New Material Co Ltd
SHG:605366
|
$1.27 Billion |
|
ITMAX System Berhad
KLSE:5309
|
$1.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advtech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,449,700,000 to 6,144,900,000, a change of 695,200,000 (12.8%).
- Net income of 1,104,700,000 contributed positively to equity growth.
- Dividend payments of 589,700,000 reduced retained earnings.
- Share repurchases of 36,000,000 reduced equity.
- Other comprehensive income increased equity by 66,799,999.
- Other factors increased equity by 149,400,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC1.10 Billion | +17.98% |
| Dividends Paid | ZAC589.70 Million | -9.6% |
| Share Repurchases | ZAC36.00 Million | -0.59% |
| Other Comprehensive Income | ZAC66.80 Million | +1.09% |
| Other Changes | ZAC149.40 Million | +2.43% |
| Total Change | ZAC- | 12.76% |
Book Value vs Market Value Analysis
This analysis compares Advtech'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: 390.51x
- 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 9479.35x to 390.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | ZAC0.46 | ZAC4344.00 | x |
| 2003-12-31 | ZAC0.55 | ZAC4344.00 | x |
| 2004-12-31 | ZAC0.67 | ZAC4344.00 | x |
| 2005-12-31 | ZAC0.73 | ZAC4344.00 | x |
| 2006-12-31 | ZAC0.83 | ZAC4344.00 | x |
| 2007-12-31 | ZAC1.05 | ZAC4344.00 | x |
| 2008-12-31 | ZAC1.28 | ZAC4344.00 | x |
| 2009-12-31 | ZAC1.49 | ZAC4344.00 | x |
| 2010-12-31 | ZAC1.65 | ZAC4344.00 | x |
| 2011-12-31 | ZAC1.83 | ZAC4344.00 | x |
| 2012-12-31 | ZAC1.97 | ZAC4344.00 | x |
| 2013-12-31 | ZAC2.11 | ZAC4344.00 | x |
| 2014-12-31 | ZAC2.23 | ZAC4344.00 | x |
| 2015-12-31 | ZAC5.01 | ZAC4344.00 | x |
| 2016-12-31 | ZAC5.04 | ZAC4344.00 | x |
| 2017-12-31 | ZAC5.32 | ZAC4344.00 | x |
| 2018-12-31 | ZAC5.87 | ZAC4344.00 | x |
| 2019-12-31 | ZAC6.31 | ZAC4344.00 | x |
| 2020-12-31 | ZAC7.09 | ZAC4344.00 | x |
| 2021-12-31 | ZAC8.02 | ZAC4344.00 | x |
| 2022-12-31 | ZAC8.96 | ZAC4344.00 | x |
| 2023-12-31 | ZAC9.92 | ZAC4344.00 | x |
| 2024-12-31 | ZAC11.12 | ZAC4344.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advtech 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): 17.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.97%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.75x
- Recent ROE (17.98%) is above the historical average (11.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -141.10% | -51.75% | 1.18x | 2.30x | ZAC-260.50 Million |
| 2003 | 23.97% | 10.55% | 1.28x | 1.78x | ZAC29.88 Million |
| 2004 | 16.11% | 7.14% | 1.35x | 1.67x | ZAC15.44 Million |
| 2005 | 21.10% | 9.07% | 1.38x | 1.69x | ZAC31.55 Million |
| 2006 | 27.40% | 10.75% | 1.57x | 1.62x | ZAC56.69 Million |
| 2007 | 29.50% | 12.67% | 1.46x | 1.59x | ZAC80.65 Million |
| 2008 | 30.55% | 12.98% | 1.50x | 1.57x | ZAC104.56 Million |
| 2009 | 26.24% | 11.64% | 1.48x | 1.52x | ZAC99.14 Million |
| 2010 | 21.95% | 10.12% | 1.49x | 1.45x | ZAC81.02 Million |
| 2011 | 20.81% | 9.73% | 1.39x | 1.54x | ZAC81.18 Million |
| 2012 | 17.45% | 8.20% | 1.26x | 1.68x | ZAC59.09 Million |
| 2013 | 18.25% | 8.82% | 1.08x | 1.91x | ZAC70.40 Million |
| 2014 | 17.99% | 8.65% | 0.99x | 2.11x | ZAC74.22 Million |
| 2015 | 10.03% | 8.31% | 0.63x | 1.92x | ZAC600.00K |
| 2016 | 14.05% | 11.11% | 0.72x | 1.75x | ZAC107.27 Million |
| 2017 | 12.96% | 9.38% | 0.71x | 1.95x | ZAC84.43 Million |
| 2018 | 12.64% | 9.05% | 0.70x | 2.00x | ZAC82.93 Million |
| 2019 | 13.80% | 9.19% | 0.67x | 2.25x | ZAC129.36 Million |
| 2020 | 12.01% | 8.38% | 0.72x | 1.99x | ZAC77.23 Million |
| 2021 | 15.19% | 11.24% | 0.73x | 1.84x | ZAC227.17 Million |
| 2022 | 16.42% | 11.57% | 0.78x | 1.82x | ZAC314.84 Million |
| 2023 | 17.45% | 12.10% | 0.83x | 1.74x | ZAC406.03 Million |
| 2024 | 17.98% | 12.97% | 0.79x | 1.75x | ZAC490.21 Million |
Industry Comparison
This section compares Advtech's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $2,023,682,000
- Average return on equity (ROE) among peers: 12.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advtech (ADH) | ZAC6.39 Billion | -141.10% | 0.73x | $1.27 Billion |
| Stadio Holdings Ltd (SDO) | $2.02 Billion | 12.94% | 0.18x | $533.59 Million |
About Advtech
ADvTECH Limited provides education, training, and staff placement services in South Africa and other African countries. It operates through Schools, Tertiary, and Resourcing divisions. The Schools division offers pre-primary, primary, and secondary education services through face to face and online learning under the Crawford International, Pinnacle Colleges, Trinityhouse, Abbotts College, Junior… Read more