Burstone Group Limited (BTN) - Net Assets

Latest as of March 2025: ZAC9.48 Billion ZAC ≈ $5.04 Million USD

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. Read how much debt does Burstone Group Limited carry for a breakdown of total debt and financial obligations.

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. Also explore Burstone Group Limited asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Burstone Group Limited.

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	--

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
GREENLIGHT CAP.RE A DL-01 F:G8L	$399.53 Million
Genfit S.A. PA:GNFT	$399.59 Million
Wuhu Conch Profiles and Science Co Ltd SHE:000619	$399.61 Million
Marshall Boya ve Vernik Sanayi AS IS:MRSHL	$399.65 Million
Shinsung Tngsn KO:005390	$399.30 Million
Prince Housing & Development Corp TW:2511	$399.27 Million
Syncmold Enterprise Corp TW:1582	$399.07 Million
Beijing YJK Building Software Co.Ltd. SHE:300935	$398.91 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: 79.24x
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 55.89x to 79.24x 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	ZAC947.00	x
2018-03-31	ZAC17.29	ZAC947.00	x
2019-03-31	ZAC17.83	ZAC947.00	x
2020-03-31	ZAC19.66	ZAC947.00	x
2021-03-31	ZAC16.65	ZAC947.00	x
2022-03-31	ZAC16.96	ZAC947.00	x
2023-03-31	ZAC16.17	ZAC947.00	x
2024-03-31	ZAC15.53	ZAC947.00	x
2025-03-31	ZAC11.95	ZAC947.00	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: $15,154,981,900
Average return on equity (ROE) among peers: 10.26%

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	$399.32 Million
aReit Prop Ltd (APO)	$913.92 Million	-1.01%	0.00x	$158.90K
Attacq (ATT)	$11.11 Billion	1.39%	1.03x	$615.11 Million
Emira Property Fund (EMI)	$8.84 Billion	8.06%	0.67x	$358.45 Million
Growthpoint Properties Ltd (GRT)	$91.25 Billion	2.58%	0.88x	$2.93 Billion
Oasis Crescent Property Fund (OAS)	$1.37 Billion	11.30%	0.04x	$1.00 Million
Octodec (OCT)	$6.57 Billion	7.48%	0.75x	$229.46 Million
Redefine Properties Ltd (RDF)	$1.24 Billion	56.64%	2.22x	$2.29 Billion
Rebosis Property Fund Ltd (REA)	$10.46 Billion	-8.83%	1.08x	$3.23 Million
Rebosis (REB)	$4.64 Billion	14.78%	0.69x	$5.93 Million

About Burstone Group Limited

JSE:BTN South Africa REIT - Diversified

Market Cap

$399.32 Million

ZAC751.37 Billion ZAC

Market Cap Rank

#13734 Global

#106 in South Africa

Share Price

ZAC947.00

Change (1 day)

-0.42%

52-Week Range

ZAC790.00 - ZAC1019.00

All Time High

ZAC1073.22