Brait SE
Brait PLC, an investment holding company, invests in privately owned business. Its primary investment portfolio includes Virgin Active, Premier, and New Look brands. The company invest in health clubs under Virgin Active brand in South Africa, the United Kingdom, Italy, Australia, Namibia, Botswana, Thailand, and Singapore; Premier which manufactures baking and milling, sugar confectionary, and h… Read more
Brait SE (BAT) - Net Assets
Latest net assets as of September 2025: ZAC12.38 Billion ZAC
Based on the latest financial reports, Brait SE (BAT) has net assets worth ZAC12.38 Billion ZAC as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC15.15 Billion) and total liabilities (ZAC2.77 Billion). 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 | ZAC12.38 Billion |
| % of Total Assets | 81.72% |
| Annual Growth Rate | 10.54% |
| 5-Year Change | 13.28% |
| 10-Year Change | -83.09% |
| Growth Volatility | 125.24 |
Brait SE - Net Assets Trend (2002–2025)
This chart illustrates how Brait SE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Brait SE (2002–2025)
The table below shows the annual net assets of Brait SE from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC11.82 Billion | +37.26% |
| 2024-03-31 | ZAC8.61 Billion | -7.68% |
| 2023-03-31 | ZAC9.32 Billion | -15.63% |
| 2022-03-31 | ZAC11.05 Billion | +5.95% |
| 2021-03-31 | ZAC10.43 Billion | -4.38% |
| 2020-03-31 | ZAC10.91 Billion | -44.64% |
| 2019-03-31 | ZAC19.71 Billion | -27.34% |
| 2018-03-31 | ZAC27.12 Billion | -31.47% |
| 2017-03-31 | ZAC39.58 Billion | -43.35% |
| 2016-03-31 | ZAC69.87 Billion | +69.05% |
| 2015-03-31 | ZAC41.33 Billion | +126.97% |
| 2014-03-31 | ZAC18.21 Billion | +22.00% |
| 2013-03-31 | ZAC14.93 Billion | +44.63% |
| 2012-03-31 | ZAC10.32 Billion | +592.13% |
| 2011-03-31 | ZAC1.49 Billion | +7.86% |
| 2010-03-31 | ZAC1.38 Billion | -9.28% |
| 2009-03-31 | ZAC1.52 Billion | +0.34% |
| 2008-03-31 | ZAC1.52 Billion | +18.89% |
| 2007-03-31 | ZAC1.28 Billion | +31.58% |
| 2006-03-31 | ZAC970.83 Million | +35.00% |
| 2005-03-31 | ZAC719.15 Million | +28.89% |
| 2004-03-31 | ZAC557.96 Million | -35.02% |
| 2003-03-31 | ZAC858.72 Million | -27.23% |
| 2002-03-31 | ZAC1.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brait SE'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 1032900000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ZAC13.63 Billion | 115.34% |
| Other Comprehensive Income | ZAC8.52 Billion | 72.07% |
| Total Equity | ZAC11.82 Billion | 100.00% |
Brait SE Competitors by Market Cap
The table below lists competitors of Brait SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sweet Earth Holdings Corporation
PINK:SEHCF
|
$4.70 Million |
|
Mills Music Trust
PINK:MMTRS
|
$4.70 Million |
|
SAG Holdings Limited
NASDAQ:SAG
|
$4.70 Million |
|
Blue Label Telecoms Ltd
JSE:BLU
|
$4.70 Million |
|
Antilles Gold Limited
PINK:ANTMF
|
$4.70 Million |
|
aXichem AB
ST:AXIC-A
|
$4.70 Million |
|
PT Visi Media Asia Tbk
STU:4VM
|
$4.70 Million |
|
Netcoins Holdings Inc
PINK:GARLF
|
$4.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brait SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,609,000,000 to 11,817,000,000, a change of 3,208,000,000 (37.3%).
- Net income of 153,000,000 contributed positively to equity growth.
- New share issuances of 1,500,000,000 increased equity.
- Other comprehensive income increased equity by 579,000,000.
- Other factors increased equity by 976,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC153.00 Million | +1.29% |
| Share Issuances | ZAC1.50 Billion | +12.69% |
| Other Comprehensive Income | ZAC579.00 Million | +4.9% |
| Other Changes | ZAC976.00 Million | +8.26% |
| Total Change | ZAC- | 37.26% |
Book Value vs Market Value Analysis
This analysis compares Brait SE'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: 52.92x
- 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 22.79x to 52.92x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | ZAC9.39 | ZAC214.00 | x |
| 2003-03-31 | ZAC6.87 | ZAC214.00 | x |
| 2004-03-31 | ZAC4.27 | ZAC214.00 | x |
| 2005-03-31 | ZAC5.22 | ZAC214.00 | x |
| 2006-03-31 | ZAC6.49 | ZAC214.00 | x |
| 2007-03-31 | ZAC8.16 | ZAC214.00 | x |
| 2008-03-31 | ZAC10.20 | ZAC214.00 | x |
| 2009-03-31 | ZAC10.28 | ZAC214.00 | x |
| 2010-03-31 | ZAC9.26 | ZAC214.00 | x |
| 2011-03-31 | ZAC9.39 | ZAC214.00 | x |
| 2012-03-31 | ZAC18.56 | ZAC214.00 | x |
| 2013-03-31 | ZAC29.50 | ZAC214.00 | x |
| 2014-03-31 | ZAC35.78 | ZAC214.00 | x |
| 2015-03-31 | ZAC80.49 | ZAC214.00 | x |
| 2016-03-31 | ZAC130.97 | ZAC214.00 | x |
| 2017-03-31 | ZAC53.29 | ZAC214.00 | x |
| 2018-03-31 | ZAC53.40 | ZAC214.00 | x |
| 2019-03-31 | ZAC38.80 | ZAC214.00 | x |
| 2020-03-31 | ZAC19.14 | ZAC214.00 | x |
| 2021-03-31 | ZAC7.90 | ZAC214.00 | x |
| 2022-03-31 | ZAC8.37 | ZAC214.00 | x |
| 2023-03-31 | ZAC7.06 | ZAC214.00 | x |
| 2024-03-31 | ZAC6.52 | ZAC214.00 | x |
| 2025-03-31 | ZAC4.04 | ZAC214.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brait SE 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): 1.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.84%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.25x
- Recent ROE (1.29%) is above the historical average (-0.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -7.29% | -31.02% | 0.10x | 2.30x | ZAC-204.08 Million |
| 2003 | -15.63% | -149.12% | 0.07x | 1.55x | ZAC-220.05 Million |
| 2004 | 4.39% | 9.63% | 0.32x | 1.44x | ZAC-31.29 Million |
| 2005 | 29.82% | 75.33% | 0.25x | 1.61x | ZAC140.77 Million |
| 2006 | 31.00% | 105.62% | 0.15x | 1.98x | ZAC195.64 Million |
| 2007 | 28.73% | 65.44% | 0.23x | 1.91x | ZAC227.75 Million |
| 2008 | 25.88% | 144.17% | 0.11x | 1.57x | ZAC241.14 Million |
| 2009 | 10.93% | 48.19% | 0.14x | 1.58x | ZAC14.20 Million |
| 2010 | 13.42% | 85.93% | 0.10x | 1.60x | ZAC47.35 Million |
| 2011 | 11.72% | 74.48% | 0.11x | 1.44x | ZAC25.68 Million |
| 2012 | 25.26% | 92.28% | 0.24x | 1.14x | ZAC1.57 Billion |
| 2013 | 20.18% | 95.86% | 0.21x | 1.01x | ZAC1.52 Billion |
| 2014 | 14.34% | 95.43% | 0.15x | 1.01x | ZAC790.90 Million |
| 2015 | 56.45% | 99.84% | 0.56x | 1.00x | ZAC19.20 Billion |
| 2016 | 31.71% | 98.10% | 0.29x | 1.11x | ZAC15.17 Billion |
| 2017 | -40.06% | 0.00% | -0.33x | 1.21x | ZAC-19.81 Billion |
| 2018 | -37.40% | 0.00% | -0.25x | 1.45x | ZAC-12.86 Billion |
| 2019 | -57.16% | 0.00% | -0.32x | 1.65x | ZAC-13.24 Billion |
| 2020 | -146.29% | 0.00% | -0.68x | 2.05x | ZAC-17.05 Billion |
| 2021 | 4.28% | 39.26% | 0.07x | 1.60x | ZAC-597.20 Million |
| 2022 | 5.65% | 57.51% | 0.08x | 1.25x | ZAC-481.30 Million |
| 2023 | -9.95% | 0.00% | -0.04x | 1.34x | ZAC-1.86 Billion |
| 2024 | -1.99% | -55.88% | 0.03x | 1.42x | ZAC-1.03 Billion |
| 2025 | 1.29% | 14.84% | 0.07x | 1.25x | ZAC-1.03 Billion |
Industry Comparison
This section compares Brait SE's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $2,053,235,827
- Average return on equity (ROE) among peers: 20.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Brait SE (BAT) | ZAC12.38 Billion | -7.29% | 0.22x | $4.70 Million |
| African Rainbow Capital Investments Ltd (AIL) | $11.66 Billion | 11.48% | 0.00x | $33.34 Million |
| Astoria Investments Ltd (ARA) | $122.83 Million | -1.36% | 0.00x | $296.19K |
| Coronation Fund Managers Ltd (CML) | $1.25 Billion | 15.72% | 12.91x | $9.80 Million |
| EPE Capital Partners Ltd (EPE) | $2.19 Billion | 22.60% | 0.09x | $934.65K |
| Huge Group Ltd (HUG) | $1.63 Billion | 4.93% | 0.13x | $110.97K |
| PSG Konsult Ltd (KST) | $469.73 Million | 19.54% | 1.04x | $17.21 Million |
| Mahube Infrastructure Ltd (MHB) | $585.99 Million | 2.04% | 0.00x | $155.64K |
| Ninety One PLC (N91) | $196.62 Million | 64.91% | 41.12x | $24.76 Million |
| Ninety One Ltd (NY1) | $367.60 Million | 44.59% | 29.25x | $24.39 Million |