Dipula Income Fund Ltd (DIB) - Net Assets

Latest as of August 2025: ZAC7.01 Billion ZAC ≈ $3.73 Million USD

Based on the latest financial reports, Dipula Income Fund Ltd (DIB) has net assets worth ZAC7.01 Billion ZAC (≈ $3.73 Million USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC11.22 Billion ≈ $5.96 Million USD) and total liabilities (ZAC4.21 Billion ≈ $2.24 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 total liabilities of Dipula Income Fund Ltd for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC7.01 Billion
% of Total Assets 62.5%
Annual Growth Rate 9.72%
5-Year Change 23.87%
10-Year Change 62.11%
Growth Volatility 12.59

Dipula Income Fund Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Dipula Income Fund Ltd's net assets have evolved over time, based on quarterly financial data. Also explore DIB total asset value for the complete picture of this company's asset base.

Annual Net Assets for Dipula Income Fund Ltd (2014–2025)

The table below shows the annual net assets of Dipula Income Fund Ltd from 2014 to 2025. For live valuation and market cap data, see DIB market cap.

Year Net Assets Change
2025-08-31 ZAC7.01 Billion
≈ $3.73 Million		 +7.37%
2024-08-31 ZAC6.53 Billion
≈ $3.47 Million		 +4.51%
2023-08-31 ZAC6.25 Billion
≈ $3.32 Million		 +2.82%
2022-08-31 ZAC6.08 Billion
≈ $3.23 Million		 +7.37%
2021-08-31 ZAC5.66 Billion
≈ $3.01 Million		 +2.08%
2020-08-31 ZAC5.55 Billion
≈ $2.95 Million		 -1.13%
2019-08-31 ZAC5.61 Billion
≈ $2.98 Million		 +2.64%
2018-08-31 ZAC5.46 Billion
≈ $2.90 Million		 +23.51%
2017-08-31 ZAC4.42 Billion
≈ $2.35 Million		 +2.29%
2016-08-31 ZAC4.33 Billion
≈ $2.30 Million		 +20.02%
2015-08-31 ZAC3.60 Billion
≈ $1.92 Million		 +42.64%
2014-08-31 ZAC2.53 Billion
≈ $1.34 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Dipula Income Fund 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 30413600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (August 2025)

Component Amount Percentage
Retained Earnings ZAC223.76 Million 3.28%
Other Components ZAC6.61 Billion 96.72%
Total Equity ZAC6.83 Billion 100.00%

Dipula Income Fund Ltd Competitors by Market Cap

The table below lists competitors of Dipula Income Fund Ltd ranked by their market capitalization.

Company Market Cap
UD Electronic
TWO:3689
 $385.05 Million
EQV Ventures Acquisition Corp.
NYSE:EQV
 $385.09 Million
THARISA NON LIST. DL-001
F:7YZ
 $385.14 Million
Alvarium Tiedemann Holdings Inc.
NASDAQ:ALTI
 $385.27 Million
Xinjiang Hejin Holding Co Ltd
SHE:000633
 $384.89 Million
HEBA Fastighets AB (publ)
ST:HEBA-B
 $384.73 Million
Wuhan Tianyu Info Industry
SHE:300205
 $384.51 Million
Coca-Cola Europacific Partners PLC
LSE:CCEP
 $384.49 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 6,354,346,000 to 6,830,487,000, a change of 476,141,000 (7.5%).
  • Net income of 931,871,000 contributed positively to equity growth.
  • Share repurchases of 6,029,000 reduced equity.
  • Other factors decreased equity by 449,701,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC931.87 Million +13.64%
Share Repurchases ZAC6.03 Million -0.09%
Other Changes ZAC-449.70 Million -6.58%
Total Change ZAC- 7.49%

Book Value vs Market Value Analysis

This analysis compares Dipula Income Fund 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: 106.07x
  • 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 70.61x to 106.07x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-08-31 ZAC10.13 ZAC715.00 x
2018-08-31 ZAC10.03 ZAC715.00 x
2019-08-31 ZAC10.25 ZAC715.00 x
2020-08-31 ZAC10.00 ZAC715.00 x
2021-08-31 ZAC10.30 ZAC715.00 x
2022-08-31 ZAC6.63 ZAC715.00 x
2023-08-31 ZAC6.64 ZAC715.00 x
2024-08-31 ZAC6.98 ZAC715.00 x
2025-08-31 ZAC6.74 ZAC715.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Dipula Income Fund 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): 13.64%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 61.61%
  • • Asset Turnover: 0.13x
  • • Equity Multiplier: 1.64x
  • Recent ROE (13.64%) is above the historical average (11.46%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2014 13.17% 55.63% 0.14x 1.72x ZAC80.15 Million
2015 14.39% 71.14% 0.13x 1.60x ZAC158.27 Million
2016 15.88% 62.52% 0.15x 1.74x ZAC246.61 Million
2017 8.77% 36.27% 0.14x 1.67x ZAC-54.53 Million
2018 8.88% 42.77% 0.12x 1.75x ZAC-59.34 Million
2019 12.56% 51.55% 0.14x 1.75x ZAC138.88 Million
2020 2.25% 9.22% 0.13x 1.81x ZAC-410.43 Million
2021 7.88% 32.68% 0.14x 1.75x ZAC-115.63 Million
2022 18.23% 79.92% 0.14x 1.68x ZAC487.85 Million
2023 9.72% 42.15% 0.14x 1.67x ZAC-17.03 Million
2024 12.19% 52.06% 0.14x 1.66x ZAC138.87 Million
2025 13.64% 61.61% 0.13x 1.64x ZAC248.82 Million

Industry Comparison

This section compares Dipula Income Fund Ltd's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

  • Industry: REIT - Retail
  • Average net assets among peers: $3,910,170,380
  • Average return on equity (ROE) among peers: 8.90%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Dipula Income Fund Ltd (DIB) ZAC7.01 Billion 13.17% 0.60x $385.05 Million
Accelerate Property Fund Ltd (APF) $7.97 Billion 7.07% 0.72x $65.22 Million
Exemplar REITail Ltd (EXP) $3.76 Billion 9.62% 0.63x $3.09 Million
Fairvest Ltd (FTA) $7.75 Billion 1.24% 0.63x $60.23 Million
Arrowhead Properties Ltd B (FTB) $-2.94 Billion 0.00% 0.00x $689.71 Million
Hyprop (HYP) $4.25 Billion 8.28% 1.23x $1.22 Billion
Resilient Property Income Fund Ltd (RES) $5.22 Billion 19.05% 0.91x $1.49 Billion
Vukile Property Fund Ltd (VKE) $1.38 Billion 17.05% 3.07x $1.75 Billion

About Dipula Income Fund Ltd

JSE:DIB South Africa REIT - Retail
Market Cap
$385.05 Million
ZAC724.52 Billion ZAC
Market Cap Rank
#13892 Global
#107 in South Africa
Share Price
ZAC715.00
Change (1 day)
+1.71%
52-Week Range
ZAC513.00 - ZAC720.00
All Time High
ZAC1424.95
Categories
Companies in South Africa REIT - Retail
About

Dipula Properties Limited is an internally managed, South Africa focused Real Estate Investment Trust that owns a portfolio of retail, office, industrial and residential property assets throughout South Africa, with most of the portfolio located in Gauteng. Dipula's strategy is to own a defensive portfolio with a bias towards convenience, rural and township retail centres.