Adcorp (ADR) - Net Assets
Based on the latest financial reports, Adcorp (ADR) has net assets worth ZAC1.49 Billion ZAC (≈ $790.20K USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC3.17 Billion ≈ $1.69 Million USD) and total liabilities (ZAC1.69 Billion ≈ $896.32K 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 Adcorp asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC1.49 Billion |
| % of Total Assets | 46.85% |
| Annual Growth Rate | 9.04% |
| 5-Year Change | 10.23% |
| 10-Year Change | -35.25% |
| Growth Volatility | 1633756.5 |
Adcorp - Net Assets Trend (2003–2025)
This chart illustrates how Adcorp's net assets have evolved over time, based on quarterly financial data. Also explore ADR total asset value for the complete picture of this company's asset base.
Annual Net Assets for Adcorp (2003–2025)
The table below shows the annual net assets of Adcorp from 2003 to 2025. For live valuation and market cap data, see ADR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | ZAC1.49 Billion ≈ $792.16K |
+2.11% |
| 2024-02-29 | ZAC1.46 Billion ≈ $775.76K |
-4.89% |
| 2023-02-28 | ZAC1.53 Billion ≈ $815.60K |
+4.22% |
| 2022-02-28 | ZAC1.47 Billion ≈ $782.57K |
+8.89% |
| 2021-02-28 | ZAC1.35 Billion ≈ $718.65K |
+15.01% |
| 2020-02-29 | ZAC1.18 Billion ≈ $624.85K |
-38.30% |
| 2019-02-28 | ZAC1.91 Billion ≈ $1.01 Million |
+18.90% |
| 2018-02-28 | ZAC1.60 Billion ≈ $851.69K |
+186069.13% |
| 2017-12-31 | ZAC-861.75K ≈ $-457.98 |
-100.04% |
| 2017-02-28 | ZAC2.30 Billion ≈ $1.22 Million |
+661767.34% |
| 2016-12-31 | ZAC-347.91K ≈ $-184.89 |
-100.01% |
| 2016-02-29 | ZAC2.69 Billion ≈ $1.43 Million |
+3286762.59% |
| 2015-12-31 | ZAC81.70K ≈ $43.42 |
-100.00% |
| 2015-02-28 | ZAC2.47 Billion ≈ $1.31 Million |
+7630396.83% |
| 2014-12-31 | ZAC32.30K ≈ $17.17 |
-100.00% |
| 2014-02-28 | ZAC2.10 Billion ≈ $1.11 Million |
+10.65% |
| 2013-02-28 | ZAC1.90 Billion ≈ $1.01 Million |
+31.55% |
| 2012-02-29 | ZAC1.44 Billion ≈ $765.81K |
+42.26% |
| 2011-02-28 | ZAC1.01 Billion ≈ $538.30K |
+11.56% |
| 2010-02-28 | ZAC907.94 Million ≈ $482.52K |
+13.00% |
| 2009-02-28 | ZAC803.48 Million ≈ $427.01K |
+20.33% |
| 2008-02-29 | ZAC667.75 Million ≈ $354.87K |
+114.92% |
| 2007-02-28 | ZAC310.70 Million ≈ $165.12K |
0.00% |
| 2006-02-28 | ZAC310.70 Million ≈ $165.12K |
+40.38% |
| 2005-02-28 | ZAC221.33 Million ≈ $117.63K |
+13.65% |
| 2004-02-29 | ZAC194.76 Million ≈ $103.50K |
-12.33% |
| 2003-02-28 | ZAC222.15 Million ≈ $118.06K |
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Equity Component Analysis
This analysis shows how different components contribute to Adcorp'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 decreased by 227.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ZAC2.75 Million | 0.18% |
| Other Components | ZAC1.68 Billion | 112.53% |
| Total Equity | ZAC1.49 Billion | 100.00% |
Adcorp Competitors by Market Cap
The table below lists competitors of Adcorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Gold Limited Class A Ordinary Shares
NASDAQ:BGL
|
$35.22 Million |
|
Modular Medical Inc
NASDAQ:MODD
|
$35.22 Million |
|
Thai Agro Energy Public Company Limited
BK:TAE
|
$35.22 Million |
|
Bangkok Dec-Con Public Company Limited
BK:BKD
|
$35.22 Million |
|
Atara Biotherapeutics Inc
NASDAQ:ATRA
|
$35.19 Million |
|
PSQ Holdings Inc.
NYSE:PSQH
|
$35.16 Million |
|
Tower Real Estate Investment Trust
KLSE:5111
|
$35.12 Million |
|
TNL Mediagene Ordinary Shares
NASDAQ:TNMG
|
$35.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adcorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,458,612,000 to 1,490,019,000, a change of 31,407,000 (2.2%).
- Net income of 138,654,000 contributed positively to equity growth.
- Dividend payments of 39,216,000 reduced retained earnings.
- Share repurchases of 6,750,000 reduced equity.
- Other comprehensive income decreased equity by 103,428,000.
- Other factors increased equity by 42,147,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC138.65 Million | +9.31% |
| Dividends Paid | ZAC39.22 Million | -2.63% |
| Share Repurchases | ZAC6.75 Million | -0.45% |
| Other Comprehensive Income | ZAC-103.43 Million | -6.94% |
| Other Changes | ZAC42.15 Million | +2.83% |
| Total Change | ZAC- | 2.15% |
Book Value vs Market Value Analysis
This analysis compares Adcorp'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: 45.38x
- 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 115.26x to 45.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-02-28 | ZAC5.51 | ZAC635.00 | x |
| 2004-02-29 | ZAC4.74 | ZAC635.00 | x |
| 2005-02-28 | ZAC5.40 | ZAC635.00 | x |
| 2006-02-28 | ZAC7.15 | ZAC635.00 | x |
| 2007-02-28 | ZAC7.15 | ZAC635.00 | x |
| 2008-02-29 | ZAC13.33 | ZAC635.00 | x |
| 2009-02-28 | ZAC15.16 | ZAC635.00 | x |
| 2010-02-28 | ZAC16.42 | ZAC635.00 | x |
| 2011-02-28 | ZAC16.46 | ZAC635.00 | x |
| 2012-02-29 | ZAC21.61 | ZAC635.00 | x |
| 2013-02-28 | ZAC22.35 | ZAC635.00 | x |
| 2014-02-28 | ZAC21.06 | ZAC635.00 | x |
| 2015-02-28 | ZAC22.49 | ZAC635.00 | x |
| 2016-02-29 | ZAC24.03 | ZAC635.00 | x |
| 2017-02-28 | ZAC20.70 | ZAC635.00 | x |
| 2018-02-28 | ZAC14.71 | ZAC635.00 | x |
| 2019-02-28 | ZAC17.05 | ZAC635.00 | x |
| 2020-02-29 | ZAC10.87 | ZAC635.00 | x |
| 2021-02-28 | ZAC12.23 | ZAC635.00 | x |
| 2022-02-28 | ZAC13.09 | ZAC635.00 | x |
| 2023-02-28 | ZAC14.33 | ZAC635.00 | x |
| 2024-02-29 | ZAC13.77 | ZAC635.00 | x |
| 2025-02-28 | ZAC13.99 | ZAC635.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adcorp 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): 9.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.05%
- • Asset Turnover: 4.05x
- • Equity Multiplier: 2.19x
- Recent ROE (9.31%) is above the historical average (-87.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -16.61% | -2.42% | 3.50x | 1.96x | ZAC-59.02 Million |
| 2004 | -4.78% | -0.56% | 4.06x | 2.12x | ZAC-28.69 Million |
| 2005 | 26.46% | 2.90% | 4.15x | 2.20x | ZAC36.21 Million |
| 2006 | 33.99% | 4.08% | 3.98x | 2.09x | ZAC74.55 Million |
| 2007 | 33.99% | 4.08% | 3.98x | 2.09x | ZAC74.55 Million |
| 2008 | 19.01% | 2.87% | 3.19x | 2.08x | ZAC60.19 Million |
| 2009 | 17.93% | 2.98% | 2.82x | 2.13x | ZAC63.72 Million |
| 2010 | 11.49% | 2.07% | 3.02x | 1.84x | ZAC13.56 Million |
| 2011 | 11.43% | 2.15% | 2.79x | 1.90x | ZAC14.45 Million |
| 2012 | 9.43% | 2.11% | 2.26x | 1.97x | ZAC-8.27 Million |
| 2013 | 9.26% | 2.04% | 2.07x | 2.18x | ZAC-13.95 Million |
| 2014 | 7.86% | 1.41% | 2.50x | 2.23x | ZAC-45.04 Million |
| 2014 | -2225.12% | -2347.19% | 0.07x | 13.11x | ZAC-722.06K |
| 2015 | 9.90% | 1.84% | 2.49x | 2.16x | ZAC-2.36 Million |
| 2015 | -274.00% | 0.00% | 0.00x | 1.67x | ZAC-232.02K |
| 2016 | 7.72% | 1.33% | 2.44x | 2.37x | ZAC-61.48 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | ZAC-457.81K |
| 2017 | -7.02% | -1.01% | 2.80x | 2.49x | ZAC-392.73 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | ZAC-703.87K |
| 2018 | -26.25% | -2.75% | 3.38x | 2.83x | ZAC-580.97 Million |
| 2019 | 13.73% | 1.74% | 3.46x | 2.29x | ZAC71.12 Million |
| 2020 | -51.97% | -4.66% | 3.26x | 3.42x | ZAC-725.62 Million |
| 2021 | 0.40% | 0.05% | 3.33x | 2.60x | ZAC-129.81 Million |
| 2022 | 7.89% | 1.01% | 3.60x | 2.17x | ZAC-31.20 Million |
| 2023 | 7.86% | 1.00% | 3.81x | 2.06x | ZAC-32.82 Million |
| 2024 | 5.91% | 0.66% | 4.16x | 2.14x | ZAC-59.71 Million |
| 2025 | 9.31% | 1.05% | 4.05x | 2.19x | ZAC-10.35 Million |
Industry Comparison
This section compares Adcorp's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $77,463,000
- Average return on equity (ROE) among peers: 7.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adcorp (ADR) | ZAC1.49 Billion | -16.61% | 1.13x | $35.20 Million |
| Primeserv Group Ltd (PMV) | $77.46 Million | 7.37% | 0.89x | $9.89 Million |
About Adcorp
Adcorp Holdings Limited provides workforce solutions in South Africa and Australia. The company operates through Contingent Staffing, Professional Services, Staffing Solutions, and Business Support segments. The Contingent Staffing segment offers industrial contingent staffing solutions to the blue-collar and healthcare personnel. The Staffing Solutions segment offers productivity and process eff… Read more