Grindrod

JSE:GND South Africa Integrated Freight & Logistics
Market Cap
$610.30 Million
ZAC1.15 Trillion ZAC
Market Cap Rank
#30415 Global
#57 in South Africa
Share Price
ZAC1721.00
Change (1 day)
-2.49%
52-Week Range
ZAC1037.00 - ZAC1874.00
All Time High
ZAC1874.00
About

Grindrod Limited, together with its subsidiaries, engages in the logistics services business in North America, the Middle East, the United Kingdom, Isle of Man, rest of Europe, Singapore, Asia, the Far East, Australia, South Africa, and Rest of Africa. The company operates through Ports and Terminals; Logistics; Group; Private Equity and Property; and Marine Fuels segments. It engages in the bulk… Read more

Grindrod (GND) - Net Assets

Latest net assets as of June 2025: ZAC9.97 Billion ZAC

Based on the latest financial reports, Grindrod (GND) has net assets worth ZAC9.97 Billion ZAC as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC16.13 Billion) and total liabilities (ZAC6.16 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 ZAC9.97 Billion
% of Total Assets 61.83%
Annual Growth Rate 8.93%
5-Year Change N/A
10-Year Change -48.45%
Growth Volatility 39.7

Grindrod - Net Assets Trend (2005–2024)

This chart illustrates how Grindrod's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Grindrod (2005–2024)

The table below shows the annual net assets of Grindrod from 2005 to 2024.

Year Net Assets Change
2024-12-31 ZAC9.87 Billion -0.12%
2023-12-31 ZAC9.88 Billion +11.98%
2022-12-31 ZAC8.82 Billion +2.84%
2021-12-31 ZAC8.58 Billion --
2020-12-31 ZAC0.00 --
2019-12-31 ZAC8.74 Billion -9.72%
2018-12-31 ZAC9.68 Billion -31.84%
2017-12-31 ZAC14.20 Billion -10.15%
2016-12-31 ZAC15.80 Billion -17.44%
2015-12-31 ZAC19.14 Billion +9.49%
2014-12-31 ZAC17.48 Billion +44.08%
2013-12-31 ZAC12.13 Billion +18.47%
2012-12-31 ZAC10.24 Billion +9.99%
2011-12-31 ZAC9.31 Billion +55.95%
2010-12-31 ZAC5.97 Billion +2.31%
2009-12-31 ZAC5.84 Billion -13.86%
2008-12-31 ZAC6.78 Billion +97.01%
2007-12-31 ZAC3.44 Billion +21.83%
2006-12-31 ZAC2.82 Billion +45.21%
2005-12-31 ZAC1.94 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Grindrod'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 106.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ZAC3.30 Billion 33.30%
Common Stock ZAC14.00K 0.00%
Other Comprehensive Income ZAC2.68 Billion 27.02%
Other Components ZAC3.94 Billion 39.68%
Total Equity ZAC9.92 Billion 100.00%

Grindrod Competitors by Market Cap

The table below lists competitors of Grindrod ranked by their market capitalization.

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,931,597,000 to 9,920,909,000, a change of -10,688,000 (-0.1%).
  • Net income of 390,272,000 contributed positively to equity growth.
  • Dividend payments of 484,168,000 reduced retained earnings.
  • Other comprehensive income increased equity by 73,416,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ZAC390.27 Million +3.93%
Dividends Paid ZAC484.17 Million -4.88%
Other Comprehensive Income ZAC73.42 Million +0.74%
Other Changes ZAC9.79 Million +0.1%
Total Change ZAC- -0.11%

Book Value vs Market Value Analysis

This analysis compares Grindrod'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: 115.90x
  • 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 423.70x to 115.90x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 ZAC4.06 ZAC1721.00 x
2006-12-31 ZAC6.02 ZAC1721.00 x
2007-12-31 ZAC7.30 ZAC1721.00 x
2008-12-31 ZAC14.58 ZAC1721.00 x
2009-12-31 ZAC12.62 ZAC1721.00 x
2010-12-31 ZAC12.85 ZAC1721.00 x
2011-12-31 ZAC19.24 ZAC1721.00 x
2012-12-31 ZAC17.06 ZAC1721.00 x
2013-12-31 ZAC20.27 ZAC1721.00 x
2014-12-31 ZAC25.59 ZAC1721.00 x
2015-12-31 ZAC25.39 ZAC1721.00 x
2016-12-31 ZAC20.90 ZAC1721.00 x
2017-12-31 ZAC18.73 ZAC1721.00 x
2018-12-31 ZAC12.71 ZAC1721.00 x
2019-12-31 ZAC12.94 ZAC1721.00 x
2020-12-31 ZAC11.98 ZAC1721.00 x
2021-12-31 ZAC12.85 ZAC1721.00 x
2022-12-31 ZAC13.31 ZAC1721.00 x
2023-12-31 ZAC14.87 ZAC1721.00 x
2024-12-31 ZAC14.85 ZAC1721.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grindrod 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): 3.93%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.84%
  • • Asset Turnover: 0.34x
  • • Equity Multiplier: 1.49x
  • Recent ROE (3.93%) is below the historical average (12.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 44.73% 11.63% 1.50x 2.57x ZAC672.71 Million
2006 37.97% 8.57% 1.72x 2.57x ZAC789.90 Million
2007 37.66% 7.45% 1.72x 2.94x ZAC934.33 Million
2008 33.80% 6.73% 2.41x 2.08x ZAC1.60 Billion
2009 16.62% 3.44% 2.19x 2.20x ZAC379.63 Million
2010 14.43% 2.80% 2.12x 2.43x ZAC259.39 Million
2011 6.47% 1.66% 1.76x 2.22x ZAC-324.95 Million
2012 9.00% 3.34% 1.24x 2.18x ZAC-100.87 Million
2013 10.24% 7.87% 0.55x 2.36x ZAC28.88 Million
2014 6.08% 7.62% 0.42x 1.88x ZAC-682.94 Million
2015 -7.13% -13.40% 0.28x 1.90x ZAC-3.28 Billion
2016 -11.68% -20.37% 0.25x 2.30x ZAC-3.41 Billion
2017 -3.64% -16.83% 0.09x 2.47x ZAC-1.93 Billion
2018 30.26% 85.03% 0.13x 2.67x ZAC1.95 Billion
2019 4.15% 9.53% 0.14x 3.17x ZAC-515.47 Million
2020 -5.07% -10.96% 0.16x 2.91x ZAC-1.22 Billion
2021 2.57% 6.48% 0.14x 2.92x ZAC-640.91 Million
2022 7.40% 11.17% 0.43x 1.56x ZAC-230.86 Million
2023 10.69% 21.92% 0.33x 1.47x ZAC68.99 Million
2024 3.93% 7.84% 0.34x 1.49x ZAC-601.82 Million

Industry Comparison

This section compares Grindrod's net assets metrics with peer companies in the Integrated Freight & Logistics industry.

Industry Context

  • Industry: Integrated Freight & Logistics
  • Average net assets among peers: $715,057,742
  • Average return on equity (ROE) among peers: 9.82%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Grindrod (GND) ZAC9.97 Billion 44.73% 0.62x $6.33 Million
Santova Ltd (SNV) $76.46 Million 5.30% 3.88x $467.85K
Super Group Ltd. (SPG) $1.35 Billion 14.33% 1.55x $2.94 Million