Brimstone Investment Corporation Ltd (BRT) - Net Assets
Based on the latest financial reports, Brimstone Investment Corporation Ltd (BRT) has net assets worth ZAC3.56 Billion ZAC (≈ $1.89 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 (ZAC5.61 Billion ≈ $2.98 Million USD) and total liabilities (ZAC2.05 Billion ≈ $1.09 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 BRT asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC3.56 Billion |
| % of Total Assets | 63.41% |
| Annual Growth Rate | -0.22% |
| 5-Year Change | -12.41% |
| 10-Year Change | 25.28% |
| Growth Volatility | 18.4 |
Brimstone Investment Corporation Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Brimstone Investment Corporation Ltd's net assets have evolved over time, based on quarterly financial data. Also explore BRT current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Brimstone Investment Corporation Ltd (2013–2024)
The table below shows the annual net assets of Brimstone Investment Corporation Ltd from 2013 to 2024. For live valuation and market cap data, see BRT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC3.29 Billion ≈ $1.75 Million |
-35.52% |
| 2023-12-31 | ZAC5.10 Billion ≈ $2.71 Million |
+6.27% |
| 2022-12-31 | ZAC4.80 Billion ≈ $2.55 Million |
+9.40% |
| 2021-12-31 | ZAC4.39 Billion ≈ $2.33 Million |
+16.85% |
| 2020-12-31 | ZAC3.76 Billion ≈ $2.00 Million |
+2.20% |
| 2019-12-31 | ZAC3.68 Billion ≈ $1.95 Million |
-4.93% |
| 2018-12-31 | ZAC3.87 Billion ≈ $2.06 Million |
+8.58% |
| 2017-12-31 | ZAC3.56 Billion ≈ $1.89 Million |
+37.62% |
| 2016-12-31 | ZAC2.59 Billion ≈ $1.38 Million |
-1.48% |
| 2015-12-31 | ZAC2.63 Billion ≈ $1.40 Million |
-23.51% |
| 2014-12-31 | ZAC3.43 Billion ≈ $1.83 Million |
+1.85% |
| 2013-12-31 | ZAC3.37 Billion ≈ $1.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Brimstone Investment Corporation 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 decreased by 11.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC2.56 Billion | 79.08% |
| Other Components | ZAC677.34 Million | 20.92% |
| Total Equity | ZAC3.24 Billion | 100.00% |
Brimstone Investment Corporation Ltd Competitors by Market Cap
The table below lists competitors of Brimstone Investment Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kohinoor Foods Limited
NSE:KOHINOOR
|
$10.49 Million |
|
InnSuites Hospitality Trust
NYSE MKT:IHT
|
$10.49 Million |
|
Kim Hin Joo
KLSE:0210
|
$10.49 Million |
|
DLB-Anlageservice AG
STU:DLB
|
$10.50 Million |
|
Viet Brand Invest JSC
VN:ABR
|
$10.49 Million |
|
Osia Hyper Retail Limited
NSE:OSIAHYPER
|
$10.48 Million |
|
Eastern Technical Engineering Public Company Limited
BK:ETE
|
$10.47 Million |
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
$10.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brimstone Investment Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,577,628,000 to 3,238,357,000, a change of -339,271,000 (-9.5%).
- Net loss of 200,407,000 reduced equity.
- Dividend payments of 101,717,000 reduced retained earnings.
- Share repurchases of 21,719,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC-200.41 Million | -6.19% |
| Dividends Paid | ZAC101.72 Million | -3.14% |
| Share Repurchases | ZAC21.72 Million | -0.67% |
| Other Changes | ZAC-15.43 Million | -0.48% |
| Total Change | ZAC- | -9.48% |
Book Value vs Market Value Analysis
This analysis compares Brimstone Investment Corporation 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: 40.28x
- 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 49.80x to 40.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ZAC10.84 | ZAC540.00 | x |
| 2018-12-31 | ZAC10.50 | ZAC540.00 | x |
| 2019-12-31 | ZAC9.97 | ZAC540.00 | x |
| 2020-12-31 | ZAC9.85 | ZAC540.00 | x |
| 2021-12-31 | ZAC11.80 | ZAC540.00 | x |
| 2022-12-31 | ZAC13.40 | ZAC540.00 | x |
| 2023-12-31 | ZAC14.57 | ZAC540.00 | x |
| 2024-12-31 | ZAC13.41 | ZAC540.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brimstone Investment Corporation 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): -6.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.00%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.63x
- Recent ROE (-6.19%) is below the historical average (1.85%), 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 | 14.33% | 22.24% | 0.31x | 2.10x | ZAC140.35 Million |
| 2014 | 7.79% | 11.66% | 0.28x | 2.39x | ZAC-73.45 Million |
| 2015 | -27.62% | -31.65% | 0.29x | 3.02x | ZAC-952.01 Million |
| 2016 | 7.03% | 6.35% | 0.35x | 3.16x | ZAC-71.97 Million |
| 2017 | 1.65% | 1.65% | 0.30x | 3.30x | ZAC-232.24 Million |
| 2018 | -2.89% | -2.32% | 0.31x | 4.02x | ZAC-349.85 Million |
| 2019 | -3.41% | -1.93% | 0.39x | 4.48x | ZAC-337.40 Million |
| 2020 | -7.41% | -3.91% | 0.46x | 4.15x | ZAC-433.67 Million |
| 2021 | 25.03% | 14.48% | 0.48x | 3.59x | ZAC439.46 Million |
| 2022 | 5.71% | 3.06% | 0.53x | 3.51x | ZAC-142.42 Million |
| 2023 | 8.14% | 4.46% | 0.53x | 3.43x | ZAC-66.50 Million |
| 2024 | -6.19% | -9.00% | 0.42x | 1.63x | ZAC-524.24 Million |
Industry Comparison
This section compares Brimstone Investment Corporation Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $4,480,674,645
- Average return on equity (ROE) among peers: 11.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Brimstone Investment Corporation Ltd (BRT) | ZAC3.56 Billion | 14.33% | 0.58x | $10.49 Million |
| AH-Vest Limited (AHL) | $19.56 Million | 6.73% | 3.52x | $2.82 Million |
| Avi Ltd (AVI) | $2.33 Billion | 13.83% | 0.89x | $1.76 Billion |
| Brimstone Investment Corporation Limited (BRN) | $3.29 Billion | -6.09% | 0.61x | $56.41 Million |
| Libstar Holdings Ltd (LBR) | $4.09 Billion | 4.91% | 1.09x | $145.61 Million |
| Oceana (OCE) | $4.72 Billion | 18.17% | 1.27x | $364.58 Million |
| RCL Foods Ltd (RCL) | $1.92 Billion | 24.69% | 0.61x | $430.33 Million |
| RFG Holdings Ltd (RFG) | $2.24 Billion | 10.49% | 0.84x | $345.79 Million |
| Tiger Brands Ltd (TBS) | $17.24 Billion | 22.14% | 0.56x | $2.39 Billion |
About Brimstone Investment Corporation Ltd
Brimstone Investment Corporation Limited, an investment holding company, engages in the food, healthcare, financial services and property, and enterprise development businesses in South Africa, Australia, Europe, and internationally. It operates through two segments, Food and Investments. The company offers reinsurance and retrocession intermediary services; healthcare solutions to private and pu… Read more