Combined Motor Holdings Limited
Combined Motor Holdings Limited, an investment holding company, engages in the motor retail and distribution business in South Africa. It offers new and used vehicles, including parts and accessories; and fleet solutions. The company also provides car rental services. In addition, it offers insurance products that includes death, disability, dread disease and retrenchment of customers, and vehicl… Read more
Combined Motor Holdings Limited (CMH) - Net Assets
Latest net assets as of August 2025: ZAC1.43 Billion ZAC
Based on the latest financial reports, Combined Motor Holdings Limited (CMH) has net assets worth ZAC1.43 Billion ZAC as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC5.31 Billion) and total liabilities (ZAC3.88 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 | ZAC1.43 Billion |
| % of Total Assets | 26.95% |
| Annual Growth Rate | 9.14% |
| 5-Year Change | 55.74% |
| 10-Year Change | 194.52% |
| Growth Volatility | 14.88 |
Combined Motor Holdings Limited - Net Assets Trend (2002–2025)
This chart illustrates how Combined Motor Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Combined Motor Holdings Limited (2002–2025)
The table below shows the annual net assets of Combined Motor Holdings Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | ZAC1.42 Billion | +3.54% |
| 2024-02-29 | ZAC1.37 Billion | +8.18% |
| 2023-02-28 | ZAC1.26 Billion | +13.86% |
| 2022-02-28 | ZAC1.11 Billion | +22.12% |
| 2021-02-28 | ZAC909.25 Million | +11.55% |
| 2020-02-29 | ZAC815.12 Million | +3.57% |
| 2019-02-28 | ZAC787.00 Million | +12.49% |
| 2018-02-28 | ZAC699.63 Million | +21.98% |
| 2017-02-28 | ZAC573.56 Million | +19.29% |
| 2016-02-29 | ZAC480.81 Million | -24.95% |
| 2015-02-28 | ZAC640.62 Million | +13.24% |
| 2014-02-28 | ZAC565.73 Million | -28.46% |
| 2013-02-28 | ZAC790.84 Million | +18.70% |
| 2012-02-29 | ZAC666.24 Million | +13.69% |
| 2011-02-28 | ZAC586.01 Million | +17.21% |
| 2010-02-28 | ZAC499.95 Million | +10.74% |
| 2009-02-28 | ZAC451.47 Million | -6.88% |
| 2008-02-29 | ZAC484.84 Million | +7.67% |
| 2007-02-28 | ZAC450.31 Million | -5.88% |
| 2006-02-28 | ZAC478.43 Million | +30.87% |
| 2005-02-28 | ZAC365.58 Million | +33.95% |
| 2004-02-29 | ZAC272.93 Million | +20.80% |
| 2003-02-28 | ZAC225.94 Million | +19.27% |
| 2002-02-28 | ZAC189.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Combined Motor Holdings 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 grown by 686.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC1.36 Billion | 96.24% |
| Common Stock | ZAC38.09 Million | 2.69% |
| Other Components | ZAC15.22 Million | 1.08% |
| Total Equity | ZAC1.42 Billion | 100.00% |
Combined Motor Holdings Limited Competitors by Market Cap
The table below lists competitors of Combined Motor Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bronco Resources Corp.
V:BRON
|
$1.44 Million |
|
HUMANA - Dusseldorf Stock Exchang
DU:HUM
|
$1.44 Million |
|
Columbus Acquisition Corp Rights
NASDAQ:COLAR
|
$1.44 Million |
|
D.T.C. Industries Public Company Limited
BK:DTCI
|
$1.44 Million |
|
Guardforce AI Co. Limited
PINK:GRDAF
|
$1.44 Million |
|
Allied Corp
OTCQB:ALID
|
$1.44 Million |
|
Discovery Alaska Ltd
AU:DAF
|
$1.44 Million |
|
Quality Industrial Corp.
PINK:QIND
|
$1.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Combined Motor Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,367,720,000 to 1,416,088,000, a change of 48,368,000 (3.5%).
- Net income of 301,492,000 contributed positively to equity growth.
- Dividend payments of 240,862,000 reduced retained earnings.
- Other comprehensive income decreased equity by 10,838,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC301.49 Million | +21.29% |
| Dividends Paid | ZAC240.86 Million | -17.01% |
| Other Comprehensive Income | ZAC-10.84 Million | -0.77% |
| Other Changes | ZAC-1.42 Million | -0.1% |
| Total Change | ZAC- | 3.54% |
Book Value vs Market Value Analysis
This analysis compares Combined Motor Holdings 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: 192.00x
- 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 1963.65x to 192.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-02-28 | ZAC1.83 | ZAC3593.00 | x |
| 2003-02-28 | ZAC2.18 | ZAC3593.00 | x |
| 2004-02-29 | ZAC2.61 | ZAC3593.00 | x |
| 2005-02-28 | ZAC3.40 | ZAC3593.00 | x |
| 2006-02-28 | ZAC4.36 | ZAC3593.00 | x |
| 2007-02-28 | ZAC4.02 | ZAC3593.00 | x |
| 2008-02-29 | ZAC4.41 | ZAC3593.00 | x |
| 2009-02-28 | ZAC4.20 | ZAC3593.00 | x |
| 2010-02-28 | ZAC4.58 | ZAC3593.00 | x |
| 2011-02-28 | ZAC5.35 | ZAC3593.00 | x |
| 2012-02-29 | ZAC6.19 | ZAC3593.00 | x |
| 2013-02-28 | ZAC7.26 | ZAC3593.00 | x |
| 2014-02-28 | ZAC5.17 | ZAC3593.00 | x |
| 2015-02-28 | ZAC6.73 | ZAC3593.00 | x |
| 2016-02-29 | ZAC5.88 | ZAC3593.00 | x |
| 2017-02-28 | ZAC7.61 | ZAC3593.00 | x |
| 2018-02-28 | ZAC9.20 | ZAC3593.00 | x |
| 2019-02-28 | ZAC10.41 | ZAC3593.00 | x |
| 2020-02-29 | ZAC10.88 | ZAC3593.00 | x |
| 2021-02-28 | ZAC12.16 | ZAC3593.00 | x |
| 2022-02-28 | ZAC14.44 | ZAC3593.00 | x |
| 2023-02-28 | ZAC16.39 | ZAC3593.00 | x |
| 2024-02-29 | ZAC17.94 | ZAC3593.00 | x |
| 2025-02-28 | ZAC18.71 | ZAC3593.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Combined Motor Holdings 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): 21.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.28%
- • Asset Turnover: 2.42x
- • Equity Multiplier: 3.86x
- Recent ROE (21.29%) is below the historical average (26.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 21.87% | 1.56% | 4.87x | 2.87x | ZAC22.45 Million |
| 2003 | 22.25% | 1.94% | 3.57x | 3.22x | ZAC27.61 Million |
| 2004 | 22.81% | 1.93% | 3.76x | 3.15x | ZAC34.88 Million |
| 2005 | 31.00% | 2.54% | 3.90x | 3.13x | ZAC76.59 Million |
| 2006 | 34.81% | 2.46% | 3.82x | 3.70x | ZAC118.40 Million |
| 2007 | 44.21% | 2.13% | 3.83x | 5.41x | ZAC149.87 Million |
| 2008 | 23.67% | 1.27% | 3.92x | 4.76x | ZAC64.64 Million |
| 2009 | 0.46% | 0.03% | 3.34x | 4.36x | ZAC-43.13 Million |
| 2010 | 10.94% | 0.84% | 3.25x | 4.00x | ZAC4.71 Million |
| 2011 | 22.14% | 1.77% | 3.38x | 3.70x | ZAC71.48 Million |
| 2012 | 21.46% | 1.74% | 3.34x | 3.70x | ZAC76.99 Million |
| 2013 | 23.33% | 2.08% | 3.28x | 3.42x | ZAC106.52 Million |
| 2014 | 29.96% | 1.56% | 4.21x | 4.55x | ZAC112.88 Million |
| 2015 | 23.80% | 1.42% | 3.99x | 4.21x | ZAC88.35 Million |
| 2016 | 38.01% | 1.66% | 3.96x | 5.80x | ZAC134.49 Million |
| 2017 | 34.41% | 1.93% | 3.67x | 4.87x | ZAC139.74 Million |
| 2018 | 35.42% | 2.34% | 3.81x | 3.97x | ZAC177.52 Million |
| 2019 | 29.05% | 2.05% | 3.59x | 3.96x | ZAC149.62 Million |
| 2020 | 23.41% | 1.71% | 3.06x | 4.49x | ZAC109.14 Million |
| 2021 | 18.56% | 1.97% | 2.62x | 3.60x | ZAC77.84 Million |
| 2022 | 33.76% | 3.36% | 2.96x | 3.40x | ZAC263.85 Million |
| 2023 | 35.08% | 3.57% | 2.50x | 3.94x | ZAC317.03 Million |
| 2024 | 29.87% | 3.18% | 2.48x | 3.79x | ZAC271.71 Million |
| 2025 | 21.29% | 2.28% | 2.42x | 3.86x | ZAC159.88 Million |
Industry Comparison
This section compares Combined Motor Holdings Limited's net assets metrics with peer companies in the Auto & Truck Dealerships industry.
Industry Context
- Industry: Auto & Truck Dealerships
- Average net assets among peers: $2,305,397,000
- Average return on equity (ROE) among peers: 14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Combined Motor Holdings Limited (CMH) | ZAC1.43 Billion | 21.87% | 2.71x | $1.44 Million |
| We Buy Cars Hlds Ltd (WBC) | $2.31 Billion | 14.88% | 0.82x | $9.76 Million |