Burstone Group Limited (BTN) - Net Assets
Based on the latest financial reports, Burstone Group Limited (BTN) has net assets worth ZAC9.48 Billion ZAC (≈ $5.04 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC18.57 Billion ≈ $9.87 Million USD) and total liabilities (ZAC9.09 Billion ≈ $4.83 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 BTN capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC9.48 Billion |
| % of Total Assets | 51.06% |
| Annual Growth Rate | 5.78% |
| 5-Year Change | -29.22% |
| 10-Year Change | -14.55% |
| Growth Volatility | 22.78 |
Burstone Group Limited - Net Assets Trend (2014–2025)
This chart illustrates how Burstone Group Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BTN market cap overview.
Annual Net Assets for Burstone Group Limited (2014–2025)
The table below shows the annual net assets of Burstone Group Limited from 2014 to 2025. Also explore net asset momentum of Burstone Group Limited to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC9.48 Billion ≈ $5.04 Million |
-23.77% |
| 2024-03-31 | ZAC12.44 Billion ≈ $6.61 Million |
-4.41% |
| 2023-03-31 | ZAC13.01 Billion ≈ $6.92 Million |
-4.68% |
| 2022-03-31 | ZAC13.65 Billion ≈ $7.26 Million |
+1.89% |
| 2021-03-31 | ZAC13.40 Billion ≈ $7.12 Million |
-8.51% |
| 2020-03-31 | ZAC14.65 Billion ≈ $7.78 Million |
+11.53% |
| 2019-03-31 | ZAC13.13 Billion ≈ $6.98 Million |
+3.85% |
| 2018-03-31 | ZAC12.64 Billion ≈ $6.72 Million |
+3.91% |
| 2017-03-31 | ZAC12.17 Billion ≈ $6.47 Million |
+9.65% |
| 2016-03-31 | ZAC11.10 Billion ≈ $5.90 Million |
+67.74% |
| 2015-03-31 | ZAC6.62 Billion ≈ $3.52 Million |
+29.40% |
| 2014-03-31 | ZAC5.11 Billion ≈ $2.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Burstone Group Limited'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 439.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ZAC11.07 Billion | 116.68% |
| Total Equity | ZAC9.48 Billion | 100.00% |
Burstone Group Limited Competitors by Market Cap
The table below lists competitors of Burstone Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Longzhou Transportation Co Ltd
SHE:002682
|
$407.35 Million |
|
Lifestyle Communities Ltd
AU:LIC
|
$407.44 Million |
|
Chongqing Mas Sci&Tech
SHE:300275
|
$407.44 Million |
|
Shandong Longji Machinery Co Ltd
SHE:002363
|
$407.51 Million |
|
IndoStar Capital Finance Limited
NSE:INDOSTAR
|
$407.30 Million |
|
Beijing Bashi Media Co Ltd
SHG:600386
|
$407.11 Million |
|
Jahen Household Products Co. Ltd.
SHE:300955
|
$407.11 Million |
|
Danhua Chemical Technology Co Ltd A
SHG:600844
|
$406.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Burstone Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,439,231,000 to 9,482,830,000, a change of -2,956,401,000 (-23.8%).
- Net loss of 2,223,887,000 reduced equity.
- Share repurchases of 72,364,000 reduced equity.
- New share issuances of 16,816,000 increased equity.
- Other factors decreased equity by 676,966,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC-2.22 Billion | -23.45% |
| Share Repurchases | ZAC72.36 Million | -0.76% |
| Share Issuances | ZAC16.82 Million | +0.18% |
| Other Changes | ZAC-676.97 Million | -7.14% |
| Total Change | ZAC- | -23.77% |
Book Value vs Market Value Analysis
This analysis compares Burstone Group Limited'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: 80.82x
- 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 57.01x to 80.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | ZAC16.94 | ZAC966.00 | x |
| 2018-03-31 | ZAC17.29 | ZAC966.00 | x |
| 2019-03-31 | ZAC17.83 | ZAC966.00 | x |
| 2020-03-31 | ZAC19.66 | ZAC966.00 | x |
| 2021-03-31 | ZAC16.65 | ZAC966.00 | x |
| 2022-03-31 | ZAC16.96 | ZAC966.00 | x |
| 2023-03-31 | ZAC16.17 | ZAC966.00 | x |
| 2024-03-31 | ZAC15.53 | ZAC966.00 | x |
| 2025-03-31 | ZAC11.95 | ZAC966.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Burstone Group Limited 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): -23.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -139.69%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.96x
- Recent ROE (-23.45%) is below the historical average (5.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 9.91% | 89.53% | 0.09x | 1.28x | ZAC-4.53 Million |
| 2015 | 13.37% | 104.52% | 0.10x | 1.34x | ZAC223.09 Million |
| 2016 | 10.03% | 93.19% | 0.07x | 1.55x | ZAC3.77 Million |
| 2017 | 11.99% | 81.94% | 0.09x | 1.57x | ZAC241.92 Million |
| 2018 | 9.87% | 66.96% | 0.09x | 1.58x | ZAC-16.69 Million |
| 2019 | 10.86% | 77.32% | 0.09x | 1.65x | ZAC112.86 Million |
| 2020 | 11.65% | 99.17% | 0.06x | 2.13x | ZAC241.47 Million |
| 2021 | -2.44% | -22.38% | 0.06x | 1.88x | ZAC-1.67 Billion |
| 2022 | 7.61% | 70.81% | 0.06x | 1.76x | ZAC-326.93 Million |
| 2023 | 1.50% | 13.37% | 0.06x | 1.95x | ZAC-1.11 Billion |
| 2024 | 1.87% | 13.65% | 0.07x | 2.08x | ZAC-1.01 Billion |
| 2025 | -23.45% | -139.69% | 0.09x | 1.96x | ZAC-3.17 Billion |
Industry Comparison
This section compares Burstone Group Limited's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $8,424,037,482
- Average return on equity (ROE) among peers: -0.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Burstone Group Limited (BTN) | ZAC9.48 Billion | 9.91% | 0.96x | $407.33 Million |
| aReit Prop Ltd (APO) | $923.52 Million | 4.29% | 0.00x | $158.90K |
| Attacq (ATT) | $12.33 Billion | 9.57% | 0.75x | $650.81 Million |
| Emira Property Fund (EMI) | $5.54 Billion | 5.84% | 0.41x | $345.40 Million |
| Growthpoint Properties Ltd (GRT) | $22.84 Billion | 0.46% | 0.65x | $2.87 Billion |
| Newpark REIT Limited (NRL) | $641.95 Million | -34.63% | 0.77x | $24.98 Million |
| Oasis Crescent Property Fund (OAS) | $1.40 Billion | 3.44% | 0.03x | $104.27 Million |
| Octodec (OCT) | $6.57 Billion | 7.48% | 0.75x | $246.16 Million |
| Redefine Properties Ltd (RDF) | $15.11 Billion | 7.40% | 1.31x | $2.21 Billion |
| Rebosis Property Fund Ltd (REA) | $10.46 Billion | -8.83% | 1.08x | $3.23 Million |
About Burstone Group Limited
Burstone Group Limited is a South African Real Estate Investment Trust, (REIT), which listed on the JSE in the Real Estate Holdings and Development Sector on 14 April 2011. At 31 March 2025 the Group comprised a portfolio of 58 properties in South Africa with a total GLA of 845 345 m2 valued at R13.3 billion. In addition, the Group has the following investments: Pan-European Logistics in Europe (… Read more