Firstrand Ltd
FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. It operates in Retail and Commercial, and Corporate and Institutional segments. The company offers deposits and savings products; personal loans; and asset and invoice finance, as well as SME c… Read more
Firstrand Ltd (FSR) - Net Assets
Latest net assets as of December 2025: ZAC226.94 Billion ZAC
Based on the latest financial reports, Firstrand Ltd (FSR) has net assets worth ZAC226.94 Billion ZAC as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC2.68 Trillion) and total liabilities (ZAC2.45 Trillion). 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 | ZAC226.94 Billion |
| % of Total Assets | 8.46% |
| Annual Growth Rate | 12.39% |
| 5-Year Change | 43.53% |
| 10-Year Change | 122.99% |
| Growth Volatility | 21.8 |
Firstrand Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Firstrand 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 Firstrand Ltd (2003–2025)
The table below shows the annual net assets of Firstrand Ltd from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ZAC240.97 Billion | +10.64% |
| 2024-06-30 | ZAC217.80 Billion | +11.74% |
| 2023-06-30 | ZAC194.92 Billion | +7.86% |
| 2022-06-30 | ZAC180.71 Billion | +7.64% |
| 2021-06-30 | ZAC167.89 Billion | +10.51% |
| 2020-06-30 | ZAC151.92 Billion | +5.07% |
| 2019-06-30 | ZAC144.59 Billion | +10.55% |
| 2018-06-30 | ZAC130.80 Billion | +11.62% |
| 2017-06-30 | ZAC117.18 Billion | +8.44% |
| 2016-06-30 | ZAC108.06 Billion | +9.59% |
| 2015-06-30 | ZAC98.60 Billion | +11.77% |
| 2014-06-30 | ZAC88.22 Billion | +10.79% |
| 2013-06-30 | ZAC79.63 Billion | +14.07% |
| 2012-06-30 | ZAC69.81 Billion | +8.70% |
| 2011-06-30 | ZAC64.22 Billion | +8.91% |
| 2010-06-30 | ZAC58.96 Billion | +17.92% |
| 2009-06-30 | ZAC50.00 Billion | +2.70% |
| 2008-06-30 | ZAC48.69 Billion | +11.81% |
| 2007-06-30 | ZAC43.55 Billion | +19.21% |
| 2006-06-30 | ZAC36.53 Billion | -15.13% |
| 2005-06-30 | ZAC43.04 Billion | +109.40% |
| 2004-06-30 | ZAC20.55 Billion | +11.46% |
| 2003-06-30 | ZAC18.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firstrand 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 19452300000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC194.52 Billion | 82.58% |
| Common Stock | ZAC56.00 Million | 0.02% |
| Other Comprehensive Income | ZAC32.92 Billion | 13.97% |
| Other Components | ZAC8.06 Billion | 3.42% |
| Total Equity | ZAC235.55 Billion | 100.00% |
Firstrand Ltd Competitors by Market Cap
The table below lists competitors of Firstrand Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Hanjaya Mandala Sampoerna Tbk
PINK:PHJMF
|
$263.84 Million |
|
CLS Holdings plc
PINK:CLIHF
|
$263.93 Million |
|
Monopar Therapeutics Inc
NASDAQ:MNPR
|
$264.11 Million |
|
Qingdao NovelBeam Technology Co. Ltd. A
SHG:688677
|
$264.14 Million |
|
Holding Bursátil Regional S.A.
SN:NUAM
|
$263.78 Million |
|
Gruvaktiebolaget Viscaria
ST:VISC
|
$263.68 Million |
|
Surya Permata Andalan Tbk PT
JK:NATO
|
$263.60 Million |
|
Letong Chemical Co Ltd
SHE:002319
|
$263.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firstrand Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 212,943,000,000 to 235,551,000,000, a change of 22,608,000,000 (10.6%).
- Net income of 43,540,000,000 contributed positively to equity growth.
- Dividend payments of 25,993,000,000 reduced retained earnings.
- Share repurchases of 4,403,000,000 reduced equity.
- Other comprehensive income increased equity by 6,105,000,000.
- Other factors increased equity by 3,359,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC43.54 Billion | +18.48% |
| Dividends Paid | ZAC25.99 Billion | -11.03% |
| Share Repurchases | ZAC4.40 Billion | -1.87% |
| Other Comprehensive Income | ZAC6.11 Billion | +2.59% |
| Other Changes | ZAC3.36 Billion | +1.43% |
| Total Change | ZAC- | 10.62% |
Book Value vs Market Value Analysis
This analysis compares Firstrand 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: 210.58x
- 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 2549.18x to 210.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | ZAC3.48 | ZAC8859.00 | x |
| 2004-06-30 | ZAC3.87 | ZAC8859.00 | x |
| 2005-06-30 | ZAC8.11 | ZAC8859.00 | x |
| 2006-06-30 | ZAC6.31 | ZAC8859.00 | x |
| 2007-06-30 | ZAC7.50 | ZAC8859.00 | x |
| 2008-06-30 | ZAC8.77 | ZAC8859.00 | x |
| 2009-06-30 | ZAC8.50 | ZAC8859.00 | x |
| 2010-06-30 | ZAC10.55 | ZAC8859.00 | x |
| 2011-06-30 | ZAC11.10 | ZAC8859.00 | x |
| 2012-06-30 | ZAC12.03 | ZAC8859.00 | x |
| 2013-06-30 | ZAC13.82 | ZAC8859.00 | x |
| 2014-06-30 | ZAC15.34 | ZAC8859.00 | x |
| 2015-06-30 | ZAC17.19 | ZAC8859.00 | x |
| 2016-06-30 | ZAC18.59 | ZAC8859.00 | x |
| 2017-06-30 | ZAC20.22 | ZAC8859.00 | x |
| 2018-06-30 | ZAC22.61 | ZAC8859.00 | x |
| 2019-06-30 | ZAC25.03 | ZAC8859.00 | x |
| 2020-06-30 | ZAC26.35 | ZAC8859.00 | x |
| 2021-06-30 | ZAC29.11 | ZAC8859.00 | x |
| 2022-06-30 | ZAC31.46 | ZAC8859.00 | x |
| 2023-06-30 | ZAC34.63 | ZAC8859.00 | x |
| 2024-06-30 | ZAC37.99 | ZAC8859.00 | x |
| 2025-06-30 | ZAC42.07 | ZAC8859.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firstrand 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): 18.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.78%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.98x
- Recent ROE (18.48%) is below the historical average (21.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 21.97% | 37.92% | 0.04x | 16.48x | ZAC2.21 Billion |
| 2004 | 24.27% | 45.24% | 0.03x | 15.74x | ZAC2.93 Billion |
| 2005 | 16.50% | 74.78% | 0.02x | 10.99x | ZAC2.80 Billion |
| 2006 | 29.77% | 0.00% | -0.03x | 17.19x | ZAC6.63 Billion |
| 2007 | 32.80% | 66.66% | 0.03x | 18.00x | ZAC9.09 Billion |
| 2008 | 28.14% | 56.23% | 0.03x | 17.66x | ZAC8.40 Billion |
| 2009 | 16.36% | 30.16% | 0.03x | 16.86x | ZAC3.05 Billion |
| 2010 | 19.08% | 28.37% | 0.04x | 15.11x | ZAC5.08 Billion |
| 2011 | 35.20% | 47.34% | 0.07x | 11.41x | ZAC15.41 Billion |
| 2012 | 20.09% | 26.47% | 0.07x | 11.48x | ZAC6.77 Billion |
| 2013 | 19.34% | 26.73% | 0.06x | 11.34x | ZAC7.17 Billion |
| 2014 | 22.02% | 29.32% | 0.07x | 11.12x | ZAC10.22 Billion |
| 2015 | 23.02% | 31.03% | 0.07x | 11.12x | ZAC12.40 Billion |
| 2016 | 21.97% | 29.49% | 0.07x | 11.02x | ZAC12.48 Billion |
| 2017 | 21.98% | 29.67% | 0.07x | 10.74x | ZAC13.59 Billion |
| 2018 | 21.30% | 29.54% | 0.06x | 12.08x | ZAC14.33 Billion |
| 2019 | 21.99% | 29.40% | 0.06x | 11.89x | ZAC16.84 Billion |
| 2020 | 12.29% | 17.37% | 0.05x | 13.04x | ZAC3.39 Billion |
| 2021 | 16.86% | 28.99% | 0.05x | 11.55x | ZAC11.19 Billion |
| 2022 | 19.04% | 31.24% | 0.05x | 11.36x | ZAC15.96 Billion |
| 2023 | 23.29% | 34.26% | 0.06x | 11.82x | ZAC25.81 Billion |
| 2024 | 18.65% | 16.17% | 0.10x | 11.13x | ZAC18.41 Billion |
| 2025 | 18.48% | 32.78% | 0.05x | 10.98x | ZAC19.98 Billion |
Industry Comparison
This section compares Firstrand Ltd's net assets metrics with peer companies in the Banks - Diversified industry.
No peer company data available for comparison.