Arrowhead Properties Ltd B (FTB) - Net Assets
Based on the latest financial reports, Arrowhead Properties Ltd B (FTB) 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 Arrowhead Properties Ltd B tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC11.14 Billion |
| % of Total Assets | 70.25% |
| Annual Growth Rate | 42.61% |
| 5-Year Change | 356.47% |
| 10-Year Change | N/A |
| Growth Volatility | 176.77 |
Arrowhead Properties Ltd B - Net Assets Trend (2012–2025)
This chart illustrates how Arrowhead Properties Ltd B's net assets have evolved over time, based on quarterly financial data. See Arrowhead Properties Ltd B defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Arrowhead Properties Ltd B (2012–2025)
The table below shows the annual net assets of Arrowhead Properties Ltd B from 2012 to 2025. For live valuation and market cap data, see FTB market cap.
| 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 |
+388.17% |
| 2022-09-30 | ZAC-2.69 Billion ≈ $-1.43 Million |
-210.10% |
| 2021-09-30 | ZAC2.44 Billion ≈ $1.30 Million |
+147.70% |
| 2020-09-30 | ZAC-5.12 Billion ≈ $-2.72 Million |
+22.73% |
| 2019-09-30 | ZAC-6.62 Billion ≈ $-3.52 Million |
-124.98% |
| 2018-09-30 | ZAC-2.94 Billion ≈ $-1.56 Million |
-14.82% |
| 2017-09-30 | ZAC-2.56 Billion ≈ $-1.36 Million |
-597.83% |
| 2016-09-30 | ZAC-367.43 Million ≈ $-195.27K |
-133.24% |
| 2015-09-30 | ZAC1.11 Billion ≈ $587.47K |
+32.34% |
| 2014-09-30 | ZAC835.28 Million ≈ $443.91K |
+52.73% |
| 2013-09-30 | ZAC546.91 Million ≈ $290.65K |
+395.02% |
| 2012-09-30 | ZAC110.48 Million ≈ $58.72K |
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Equity Component Analysis
This analysis shows how different components contribute to Arrowhead Properties Ltd B'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 2982.0% 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% |
| Common Stock | ZAC7.55 Billion | 68.58% |
| Other Components | ZAC83.25 Million | 0.76% |
| Total Equity | ZAC11.00 Billion | 100.00% |
Arrowhead Properties Ltd B Competitors by Market Cap
The table below lists competitors of Arrowhead Properties Ltd B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian SuperTech Advanced Material Co Ltd
SHG:688398
|
$774.15 Million |
|
Puyang Huicheng Electronic Material Co Ltd
SHE:300481
|
$774.29 Million |
|
Creades AB
ST:CRED-A
|
$774.50 Million |
|
Hainan Haiyao Co Ltd
SHE:000566
|
$774.57 Million |
|
Baticim Bati Anadolu Cimento Sanayi AS
IS:BTCIM
|
$773.61 Million |
|
Campus Activewear Limited
NSE:CAMPUS
|
$773.51 Million |
|
Mid Penn Bancorp
NASDAQ:MPB
|
$773.16 Million |
|
Samsung Fire And Marine Ins Pref
KO:000815
|
$772.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Arrowhead Properties Ltd B'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 Arrowhead Properties Ltd B'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: 117.73x
- 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 529.71x to 117.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-09-30 | ZAC1.44 | ZAC763.00 | x |
| 2013-09-30 | ZAC2.59 | ZAC763.00 | x |
| 2014-09-30 | ZAC1.93 | ZAC763.00 | x |
| 2015-09-30 | ZAC2.05 | ZAC763.00 | x |
| 2016-09-30 | ZAC1952252713.18 | ZAC763.00 | x |
| 2017-09-30 | ZAC5259224491.49 | ZAC763.00 | x |
| 2018-09-30 | ZAC20584466836.00 | ZAC763.00 | x |
| 2019-09-30 | ZAC32.11 | ZAC763.00 | x |
| 2020-09-30 | ZAC11.77 | ZAC763.00 | x |
| 2021-09-30 | ZAC2.21 | ZAC763.00 | x |
| 2022-09-30 | ZAC8586706315.79 | ZAC763.00 | x |
| 2023-09-30 | ZAC5.04 | ZAC763.00 | x |
| 2024-09-30 | ZAC5.24 | ZAC763.00 | x |
| 2025-09-30 | ZAC6.48 | ZAC763.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Arrowhead Properties Ltd B 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 below the historical average (13.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 99.11% | 177.01% | 0.05x | 10.73x | ZAC98.45 Million |
| 2013 | 4.98% | 50.30% | 0.07x | 1.44x | ZAC-27.44 Million |
| 2014 | 7.14% | 40.01% | 0.13x | 1.35x | ZAC-23.93 Million |
| 2015 | 14.49% | 85.24% | 0.14x | 1.25x | ZAC49.65 Million |
| 2016 | 7.89% | 59.80% | 0.58x | 0.23x | ZAC-53.03 Million |
| 2017 | 8.54% | 58.49% | 1.16x | 0.13x | ZAC-72.02 Million |
| 2018 | 2.21% | 14.85% | 2.89x | 0.05x | ZAC-400.63 Million |
| 2019 | -5.28% | -34.20% | 3.73x | 0.04x | ZAC-2.48 Billion |
| 2020 | -6.00% | -38.98% | 1.06x | 0.14x | ZAC-2.31 Billion |
| 2021 | 12.72% | 52.60% | 0.14x | 1.68x | ZAC61.85 Million |
| 2022 | 10.74% | 136.08% | 0.50x | 0.16x | ZAC120.01 Million |
| 2023 | 9.15% | 36.37% | 0.15x | 1.64x | ZAC-65.50 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 Arrowhead Properties Ltd B's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $5,741,524,466
- Average return on equity (ROE) among peers: 13.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arrowhead Properties Ltd B (FTB) | ZAC11.14 Billion | 99.11% | 0.42x | $773.89 Million |
| Accelerate Property Fund Ltd (APF) | $7.34 Billion | 12.24% | 0.69x | $59.79 Million |
| Dipula Income Fund Ltd (DIB) | $5.66 Billion | 7.59% | 0.68x | $379.66 Million |
| Exemplar REITail Ltd (EXP) | $5.20 Billion | 13.63% | 0.72x | $320.88 Million |
| Fairvest Ltd (FTA) | $11.14 Billion | 13.16% | 0.42x | $66.66 Million |
| Hyprop (HYP) | $4.25 Billion | 8.28% | 1.23x | $1.29 Billion |
| Resilient Property Income Fund Ltd (RES) | $5.22 Billion | 19.05% | 0.91x | $1.47 Billion |
| Vukile Property Fund Ltd (VKE) | $1.38 Billion | 17.05% | 3.07x | $1.81 Billion |
About Arrowhead Properties Ltd B
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