Coronation Fund Managers Ltd

JSE:CML South Africa Asset Management
Market Cap
$915.41 Million
ZAC1.72 Trillion ZAC
Market Cap Rank
#28595 Global
#46 in South Africa
Share Price
ZAC4449.00
Change (1 day)
-2.22%
52-Week Range
ZAC3340.00 - ZAC5175.00
All Time High
ZAC5417.61
Categories
Companies in South Africa Asset Management Banking & Financial
About

Coronation Fund Managers Limited is a publicly owned investment manager. The firm provides its services to pension and provident funds, medical schemes, unit trusts, banks, insurers and other fund managers, international retirement funds, endowments and family offices. It launches and manages equity, fixed income, and balanced mutual funds. The firm invests in the public equity and fixed income m… Read more

Coronation Fund Managers Ltd (CML) - Net Assets

Latest net assets as of September 2025: ZAC2.68 Billion ZAC

Based on the latest financial reports, Coronation Fund Managers Ltd (CML) has net assets worth ZAC2.68 Billion ZAC as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC100.23 Billion) and total liabilities (ZAC97.55 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 ZAC2.68 Billion
% of Total Assets 2.68%
Annual Growth Rate 22.97%
5-Year Change 18.36%
10-Year Change 23.14%
Growth Volatility 142.7

Coronation Fund Managers Ltd - Net Assets Trend (2002–2025)

This chart illustrates how Coronation Fund Managers 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 Coronation Fund Managers Ltd (2002–2025)

The table below shows the annual net assets of Coronation Fund Managers Ltd from 2002 to 2025.

Year Net Assets Change
2025-09-30 ZAC2.68 Billion +6.85%
2024-09-30 ZAC2.51 Billion +21.08%
2023-09-30 ZAC2.07 Billion +1.67%
2022-09-30 ZAC2.04 Billion -10.02%
2021-09-30 ZAC2.27 Billion -1.69%
2020-09-30 ZAC2.31 Billion +5.69%
2019-09-30 ZAC2.18 Billion -3.32%
2018-09-30 ZAC2.26 Billion -0.70%
2017-09-30 ZAC2.27 Billion +4.32%
2016-09-30 ZAC2.18 Billion +0.41%
2015-09-30 ZAC2.17 Billion -1.23%
2014-09-30 ZAC2.20 Billion +9.42%
2013-09-30 ZAC2.01 Billion +36.03%
2012-09-30 ZAC1.48 Billion +6.03%
2011-09-30 ZAC1.39 Billion +11.40%
2010-09-30 ZAC1.25 Billion +15.24%
2009-09-30 ZAC1.08 Billion +8.99%
2008-09-30 ZAC994.55 Million -1.80%
2007-09-30 ZAC1.01 Billion -18.98%
2006-09-30 ZAC1.25 Billion +466.47%
2005-09-30 ZAC220.67 Million -2.24%
2004-09-30 ZAC225.73 Million +50.28%
2003-09-30 ZAC150.21 Million +550.73%
2002-09-30 ZAC23.08 Million --

Equity Component Analysis

This analysis shows how different components contribute to Coronation Fund Managers 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 228900000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component Amount Percentage
Retained Earnings ZAC2.29 Billion 85.35%
Other Components ZAC393.00 Million 14.65%
Total Equity ZAC2.68 Billion 100.00%

Coronation Fund Managers Ltd Competitors by Market Cap

The table below lists competitors of Coronation Fund Managers Ltd ranked by their market capitalization.

Company Market Cap
Sun&L Co Ltd
KO:002820
 		$9.80 Million
Regal Hotels International Holdings Limited
F:RH6B
 		$9.81 Million
Agtira AB
ST:AGTIRA-B
 		$9.81 Million
MISSION GROUP PLC LS -10
F:M7K
 		$9.81 Million
Eagle Plains Resources Ltd
PINK:EGPLF
 		$9.80 Million
ReFuels N.V.
OL:REFL
 		$9.80 Million
Vate Technology Co Ltd
TWO:5344
 		$9.80 Million
TQR Public Company Limited
BK:TQR
 		$9.80 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Coronation Fund Managers Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 2,510,000,000 to 2,682,000,000, a change of 172,000,000 (6.9%).
  • Net income of 1,676,000,000 contributed positively to equity growth.
  • Dividend payments of 1,501,000,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 147,000,000.
  • Other factors increased equity by 144,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC1.68 Billion +62.49%
Dividends Paid ZAC1.50 Billion -55.97%
Other Comprehensive Income ZAC-147.00 Million -5.48%
Other Changes ZAC144.00 Million +5.37%
Total Change ZAC- 6.85%

Book Value vs Market Value Analysis

This analysis compares Coronation Fund Managers 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: 579.92x
  • 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 73679.38x to 579.92x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-09-30 ZAC0.06 ZAC4449.00 x
2003-09-30 ZAC0.39 ZAC4449.00 x
2004-09-30 ZAC0.58 ZAC4449.00 x
2005-09-30 ZAC0.54 ZAC4449.00 x
2006-09-30 ZAC2.94 ZAC4449.00 x
2007-09-30 ZAC2.61 ZAC4449.00 x
2008-09-30 ZAC2.79 ZAC4449.00 x
2009-09-30 ZAC3.09 ZAC4449.00 x
2010-09-30 ZAC3.55 ZAC4449.00 x
2011-09-30 ZAC3.98 ZAC4449.00 x
2012-09-30 ZAC4.22 ZAC4449.00 x
2013-09-30 ZAC5.73 ZAC4449.00 x
2014-09-30 ZAC6.26 ZAC4449.00 x
2015-09-30 ZAC6.20 ZAC4449.00 x
2016-09-30 ZAC5.84 ZAC4449.00 x
2017-09-30 ZAC6.02 ZAC4449.00 x
2018-09-30 ZAC5.99 ZAC4449.00 x
2019-09-30 ZAC5.81 ZAC4449.00 x
2020-09-30 ZAC6.22 ZAC4449.00 x
2021-09-30 ZAC6.48 ZAC4449.00 x
2022-09-30 ZAC5.83 ZAC4449.00 x
2023-09-30 ZAC5.93 ZAC4449.00 x
2024-09-30 ZAC7.18 ZAC4449.00 x
2025-09-30 ZAC7.67 ZAC4449.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Coronation Fund Managers 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): 62.49%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 39.06%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 37.37x
  • Recent ROE (62.49%) is above the historical average (54.39%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 6.03% 67.39% 0.08x 1.08x ZAC-917.30K
2003 40.52% 37.00% 0.42x 2.62x ZAC45.85 Million
2004 56.06% 32.53% 1.02x 1.70x ZAC103.96 Million
2005 84.93% 32.22% 1.14x 2.32x ZAC164.90 Million
2006 15.72% 26.47% 0.04x 13.91x ZAC71.45 Million
2007 28.22% 28.24% 0.05x 19.81x ZAC183.77 Million
2008 17.94% 22.10% 0.04x 20.84x ZAC78.60 Million
2009 19.60% 25.04% 0.04x 19.19x ZAC103.30 Million
2010 35.56% 32.57% 0.05x 20.67x ZAC316.53 Million
2011 44.89% 35.70% 0.05x 24.01x ZAC484.87 Million
2012 46.42% 34.63% 0.04x 37.77x ZAC536.72 Million
2013 72.64% 40.03% 0.05x 36.41x ZAC1.25 Billion
2014 91.41% 41.91% 0.06x 35.11x ZAC1.78 Billion
2015 83.54% 40.79% 0.06x 32.07x ZAC1.60 Billion
2016 77.08% 38.90% 0.06x 33.04x ZAC1.37 Billion
2017 72.32% 38.86% 0.07x 28.06x ZAC1.31 Billion
2018 70.18% 38.23% 0.07x 26.31x ZAC1.26 Billion
2019 58.80% 36.34% 0.06x 26.13x ZAC992.60 Million
2020 64.09% 38.28% 0.07x 24.73x ZAC1.18 Billion
2021 75.33% 40.04% 0.07x 28.61x ZAC1.48 Billion
2022 62.82% 34.27% 0.06x 28.86x ZAC1.08 Billion
2023 30.87% 17.55% 0.06x 31.52x ZAC432.70 Million
2024 87.85% 56.35% 0.05x 33.49x ZAC1.95 Billion
2025 62.49% 39.06% 0.04x 37.37x ZAC1.41 Billion

Industry Comparison

This section compares Coronation Fund Managers Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $2,022,212,523
  • Average return on equity (ROE) among peers: 22.05%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Coronation Fund Managers Ltd (CML) ZAC2.68 Billion 6.03% 36.37x $9.80 Million
African Rainbow Capital Investments Ltd (AIL) $11.66 Billion 11.48% 0.00x $33.34 Million
Astoria Investments Ltd (ARA) $122.83 Million -1.36% 0.00x $296.19K
Brait SE (BAT) $970.83 Million 29.75% 0.90x $4.70 Million
EPE Capital Partners Ltd (EPE) $2.19 Billion 22.60% 0.09x $934.65K
Huge Group Ltd (HUG) $1.63 Billion 4.93% 0.13x $110.97K
PSG Konsult Ltd (KST) $469.73 Million 19.54% 1.04x $17.21 Million
Mahube Infrastructure Ltd (MHB) $585.99 Million 2.04% 0.00x $155.64K
Ninety One PLC (N91) $196.62 Million 64.91% 41.12x $24.76 Million
Ninety One Ltd (NY1) $367.60 Million 44.59% 29.25x $24.39 Million