Fairvest Ltd (FTA) - Net Assets
Based on the latest financial reports, Fairvest Ltd (FTA) has net assets worth ZAC11.14 Billion ZAC (≈ $5.92 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC15.86 Billion ≈ $8.43 Million USD) and total liabilities (ZAC4.72 Billion ≈ $2.51 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. Check Fairvest Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC11.14 Billion |
| % of Total Assets | 70.25% |
| Annual Growth Rate | 46.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 93.56 |
Fairvest Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Fairvest Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FTA market cap overview.
Annual Net Assets for Fairvest Ltd (2021–2025)
The table below shows the annual net assets of Fairvest Ltd from 2021 to 2025. Also explore FTA shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | ZAC11.14 Billion ≈ $5.92 Million |
+39.50% |
| 2024-09-30 | ZAC7.99 Billion ≈ $4.25 Million |
+3.13% |
| 2023-09-30 | ZAC7.75 Billion ≈ $4.12 Million |
+217.27% |
| 2021-09-30 | ZAC2.44 Billion ≈ $1.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fairvest 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 121.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC3.37 Billion | 30.67% |
| Other Components | ZAC7.63 Billion | 69.33% |
| Total Equity | ZAC11.00 Billion | 100.00% |
Fairvest Ltd Competitors by Market Cap
The table below lists competitors of Fairvest Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
3U Holding AG
XETRA:UUU
|
$65.88 Million |
|
Tigo Energy Inc.
NASDAQ:TYGO
|
$66.01 Million |
|
Kyobo With Special Purpose Acq
KQ:205100
|
$66.01 Million |
|
Suwen Tekstil Sanayi Pazarlama AS
IS:SUWEN
|
$66.03 Million |
|
MHP Hotel AG
XETRA:CDZ0
|
$65.82 Million |
|
Catalyst Bancorp Inc
NASDAQ:CLST
|
$65.82 Million |
|
Sparebank 68 Grader Nord
OL:SB68
|
$65.81 Million |
|
Geopacific Resources Ltd
AU:GPR
|
$65.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fairvest Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,971,395,000 to 11,004,905,000, a change of 3,033,510,000 (38.1%).
- Net income of 1,466,138,000 contributed positively to equity growth.
- New share issuances of 1,351,611,000 increased equity.
- Other factors increased equity by 215,761,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC1.47 Billion | +13.32% |
| Share Issuances | ZAC1.35 Billion | +12.28% |
| Other Changes | ZAC215.76 Million | +1.96% |
| Total Change | ZAC- | 38.05% |
Book Value vs Market Value Analysis
This analysis compares Fairvest 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: 353.95x
- 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 1344.77x to 353.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | ZAC1.47 | ZAC1976.00 | x |
| 2023-09-30 | ZAC5.17 | ZAC1976.00 | x |
| 2024-09-30 | ZAC5.10 | ZAC1976.00 | x |
| 2025-09-30 | ZAC5.58 | ZAC1976.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fairvest 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): 13.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.28%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.44x
- Recent ROE (13.32%) is above the historical average (9.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 12.72% | 52.60% | 0.14x | 1.68x | ZAC61.85 Million |
| 2023 | 1.25% | 5.04% | 0.15x | 1.64x | ZAC-675.04 Million |
| 2024 | 11.62% | 45.40% | 0.16x | 1.62x | ZAC129.17 Million |
| 2025 | 13.32% | 67.28% | 0.14x | 1.44x | ZAC365.65 Million |
Industry Comparison
This section compares Fairvest Ltd's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $10,094,973,286
- Average return on equity (ROE) among peers: 9.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fairvest Ltd (FTA) | ZAC11.14 Billion | 12.72% | 0.42x | $65.86 Million |
| Accelerate Property Fund Ltd (APF) | $7.97 Billion | 7.07% | 0.72x | $43.48 Million |
| Dipula Income Fund Ltd (DIB) | $5.55 Billion | 2.15% | 0.73x | $369.43 Million |
| Exemplar REITail Ltd (EXP) | $4.50 Billion | 20.31% | 0.67x | $320.88 Million |
| Arrowhead Properties Ltd B (FTB) | $7.75 Billion | 9.11% | 0.63x | $720.14 Million |
| Hyprop (HYP) | $20.77 Billion | 6.48% | 0.79x | $1.37 Billion |
| Resilient Property Income Fund Ltd (RES) | $5.22 Billion | 19.05% | 0.91x | $1.37 Billion |
| Vukile Property Fund Ltd (VKE) | $18.92 Billion | 3.09% | 0.90x | $1.77 Billion |
About Fairvest Ltd
Fairvest Limited ("Fairvest") is a diversified South African Real Estate Investment Trust ("REIT") focused on creating long-term shareholder value. Fairvest holds a portfolio of 127 retail, office and industrial properties valued at R12.5 billion (held directly and through subsidiaries). The average value per property held as at 31 March 2025 was R98.1 million. As at 31 March 2025, Fairvest held … Read more