Grindrod (GND) - Net Assets
Based on the latest financial reports, Grindrod (GND) has net assets worth ZAC9.97 Billion ZAC (≈ $5.30 Million USD) 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 ≈ $8.57 Million USD) and total liabilities (ZAC6.16 Billion ≈ $3.27 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 Grindrod liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore GND asset base for the complete picture of this company's asset base.
Annual Net Assets for Grindrod (2005–2024)
The table below shows the annual net assets of Grindrod from 2005 to 2024. For live valuation and market cap data, see Grindrod stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC9.87 Billion ≈ $5.24 Million |
-0.12% |
| 2023-12-31 | ZAC9.88 Billion ≈ $5.25 Million |
+11.98% |
| 2022-12-31 | ZAC8.82 Billion ≈ $4.69 Million |
+2.84% |
| 2021-12-31 | ZAC8.58 Billion ≈ $4.56 Million |
-- |
| 2020-12-31 | ZAC0.00 ≈ $0.00 |
-- |
| 2019-12-31 | ZAC8.74 Billion ≈ $4.64 Million |
-9.72% |
| 2018-12-31 | ZAC9.68 Billion ≈ $5.14 Million |
-31.84% |
| 2017-12-31 | ZAC14.20 Billion ≈ $7.55 Million |
-10.15% |
| 2016-12-31 | ZAC15.80 Billion ≈ $8.40 Million |
-17.44% |
| 2015-12-31 | ZAC19.14 Billion ≈ $10.17 Million |
+9.49% |
| 2014-12-31 | ZAC17.48 Billion ≈ $9.29 Million |
+44.08% |
| 2013-12-31 | ZAC12.13 Billion ≈ $6.45 Million |
+18.47% |
| 2012-12-31 | ZAC10.24 Billion ≈ $5.44 Million |
+9.99% |
| 2011-12-31 | ZAC9.31 Billion ≈ $4.95 Million |
+55.95% |
| 2010-12-31 | ZAC5.97 Billion ≈ $3.17 Million |
+2.31% |
| 2009-12-31 | ZAC5.84 Billion ≈ $3.10 Million |
-13.86% |
| 2008-12-31 | ZAC6.78 Billion ≈ $3.60 Million |
+97.01% |
| 2007-12-31 | ZAC3.44 Billion ≈ $1.83 Million |
+21.83% |
| 2006-12-31 | ZAC2.82 Billion ≈ $1.50 Million |
+45.21% |
| 2005-12-31 | ZAC1.94 Billion ≈ $1.03 Million |
-- |
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.
| Company | Market Cap |
|---|---|
|
Verusa Holding AS
IS:VERUS
|
$798.02 Million |
|
Chenguang Biotech Group
SHE:300138
|
$798.12 Million |
|
Carasso
TA:CRSO
|
$798.14 Million |
|
Relmada Therapeutics Inc
NASDAQ:RLMD
|
$798.21 Million |
|
Team Group Inc
TW:4967
|
$797.69 Million |
|
China Building Material
SHG:603060
|
$797.63 Million |
|
Tian Jin Global Magnetic Card Co Ltd
SHG:600800
|
$797.55 Million |
|
Hunan Sokan New Materials Co. Ltd. A
SHG:688157
|
$797.29 Million |
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: 151.53x
- 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 553.94x to 151.53x 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 | ZAC2250.00 | x |
| 2006-12-31 | ZAC6.02 | ZAC2250.00 | x |
| 2007-12-31 | ZAC7.30 | ZAC2250.00 | x |
| 2008-12-31 | ZAC14.58 | ZAC2250.00 | x |
| 2009-12-31 | ZAC12.62 | ZAC2250.00 | x |
| 2010-12-31 | ZAC12.85 | ZAC2250.00 | x |
| 2011-12-31 | ZAC19.24 | ZAC2250.00 | x |
| 2012-12-31 | ZAC17.06 | ZAC2250.00 | x |
| 2013-12-31 | ZAC20.27 | ZAC2250.00 | x |
| 2014-12-31 | ZAC25.59 | ZAC2250.00 | x |
| 2015-12-31 | ZAC25.39 | ZAC2250.00 | x |
| 2016-12-31 | ZAC20.90 | ZAC2250.00 | x |
| 2017-12-31 | ZAC18.73 | ZAC2250.00 | x |
| 2018-12-31 | ZAC12.71 | ZAC2250.00 | x |
| 2019-12-31 | ZAC12.94 | ZAC2250.00 | x |
| 2020-12-31 | ZAC11.98 | ZAC2250.00 | x |
| 2021-12-31 | ZAC12.85 | ZAC2250.00 | x |
| 2022-12-31 | ZAC13.31 | ZAC2250.00 | x |
| 2023-12-31 | ZAC14.87 | ZAC2250.00 | x |
| 2024-12-31 | ZAC14.85 | ZAC2250.00 | 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 | $797.89 Million |
| Santova Ltd (SNV) | $76.46 Million | 5.30% | 3.88x | $52.73 Million |
| Super Group Ltd. (SPG) | $1.35 Billion | 14.33% | 1.55x | $291.24 Million |
About Grindrod
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