Boxer Retail Ltd
Boxer Retail Limited operates a chain of supermarkets in South Africa and Eswatini. It offers a range of alcoholic beverages and products, including beer, malt, cider, cordials, spirits, cigarettes, tobacco, and ice and snacks, as well as perishables and fresh foods comprising butchery, bakery, delicatessen, fruit and vegetables, health and beauty products, and general merchandise. The company wa… Read more
Boxer Retail Ltd (BOX) - Net Assets
Latest net assets as of August 2025: R2.43 Billion ZAR
Based on the latest financial reports, Boxer Retail Ltd (BOX) has net assets worth R2.43 Billion ZAR as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R14.46 Billion) and total liabilities (R12.03 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 | R2.43 Billion |
| % of Total Assets | 16.79% |
| Annual Growth Rate | -0.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 61.51 |
Boxer Retail Ltd - Net Assets Trend (2022–2025)
This chart illustrates how Boxer Retail Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Boxer Retail Ltd (2022–2025)
The table below shows the annual net assets of Boxer Retail Ltd from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | R1.94 Billion | +5.49% |
| 2024-02-29 | R1.84 Billion | +96.48% |
| 2023-02-28 | R937.00 Million | -53.01% |
| 2022-02-28 | R1.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Boxer Retail 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 6.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R2.14 Billion | 110.30% |
| Common Stock | R8.20 Billion | 422.40% |
| Total Equity | R1.94 Billion | 100.00% |
Boxer Retail Ltd Competitors by Market Cap
The table below lists competitors of Boxer Retail Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innospec Inc
NASDAQ:IOSP
|
$1.69 Billion |
|
Aditya Birla Sun Life AMC Limited
NSE:ABSLAMC
|
$1.69 Billion |
|
AmTrust Financial Services Inc Pref Series A
PINK:AFSIA
|
$1.69 Billion |
|
Nyocor Co Ltd
SHG:600821
|
$1.69 Billion |
|
Guangdong Advertising Co Ltd
SHE:002400
|
$1.68 Billion |
|
Select Medical Holdings
NYSE:SEM
|
$1.68 Billion |
|
BioCryst Pharmaceuticals Inc
NASDAQ:BCRX
|
$1.68 Billion |
|
JAPAN AIRPORT TER.
F:0JA
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Boxer Retail Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,841,000,000 to 1,942,000,000, a change of 101,000,000 (5.5%).
- Net income of 1,383,000,000 contributed positively to equity growth.
- Share repurchases of 205,000,000 reduced equity.
- New share issuances of 8,157,000,000 increased equity.
- Other factors decreased equity by 9,234,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R1.38 Billion | +71.22% |
| Share Repurchases | R205.00 Million | -10.56% |
| Share Issuances | R8.16 Billion | +420.03% |
| Other Changes | R-9.23 Billion | -475.49% |
| Total Change | R- | 5.49% |
Book Value vs Market Value Analysis
This analysis compares Boxer Retail 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: 1666.59x
- 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 1761.83x to 1666.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-02-28 | R4.05 | R7135.00 | x |
| 2023-02-28 | R1.90 | R7135.00 | x |
| 2024-02-29 | R3.74 | R7135.00 | x |
| 2025-02-28 | R4.28 | R7135.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Boxer Retail 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): 71.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.27%
- • Asset Turnover: 3.33x
- • Equity Multiplier: 6.56x
- Recent ROE (71.22%) is below the historical average (76.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 42.83% | 3.21% | 2.84x | 4.69x | R654.60 Million |
| 2023 | 117.82% | 3.46% | 2.96x | 11.51x | R1.01 Billion |
| 2024 | 75.23% | 3.70% | 2.94x | 6.91x | R1.20 Billion |
| 2025 | 71.22% | 3.27% | 3.33x | 6.56x | R1.19 Billion |
Industry Comparison
This section compares Boxer Retail Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $25,779,356,667
- Average return on equity (ROE) among peers: 19.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Boxer Retail Ltd (BOX) | R2.43 Billion | 42.83% | 4.96x | $1.69 Billion |
| Pick N Pay Stores Ltd (PIK) | $3.90 Billion | 27.33% | 3.25x | $7.25 Million |
| Pepkor Holdings Ltd (PPH) | $58.19 Billion | 8.38% | 0.78x | $50.99 Million |
| Shoprite Holdings Ltd (SHP) | $15.25 Billion | 23.59% | 1.20x | $78.73 Million |