Hudaco
Hudaco Industries Limited imports and distributes automotive, industrial, and electrical consumable products in South Africa and internationally. The company operates in two segments, Consumer-Related Products and Engineering Consumables. The Consumer-Related Products segment distributes clutch kits, automotive ignition leads, oil and hydraulic seals, wheels, brake and clutch hydraulics, mounting… Read more
Hudaco (HDC) - Net Assets
Latest net assets as of November 2025: ZAC3.90 Billion ZAC
Based on the latest financial reports, Hudaco (HDC) has net assets worth ZAC3.90 Billion ZAC as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC6.73 Billion) and total liabilities (ZAC2.83 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 | ZAC3.90 Billion |
| % of Total Assets | 57.98% |
| Annual Growth Rate | 9.49% |
| 5-Year Change | 31.04% |
| 10-Year Change | 83.15% |
| Growth Volatility | 7.22 |
Hudaco - Net Assets Trend (2005–2025)
This chart illustrates how Hudaco's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hudaco (2005–2025)
The table below shows the annual net assets of Hudaco from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | ZAC3.90 Billion | +8.00% |
| 2024-11-30 | ZAC3.61 Billion | +3.73% |
| 2023-11-30 | ZAC3.48 Billion | +6.97% |
| 2022-11-30 | ZAC3.25 Billion | +9.35% |
| 2021-11-30 | ZAC2.98 Billion | +11.49% |
| 2020-11-30 | ZAC2.67 Billion | -6.13% |
| 2019-11-30 | ZAC2.84 Billion | +10.26% |
| 2018-11-30 | ZAC2.58 Billion | +8.52% |
| 2017-11-30 | ZAC2.38 Billion | +11.61% |
| 2016-11-30 | ZAC2.13 Billion | +12.36% |
| 2015-11-30 | ZAC1.90 Billion | +12.68% |
| 2014-11-30 | ZAC1.68 Billion | -8.34% |
| 2013-11-30 | ZAC1.83 Billion | +8.20% |
| 2012-11-30 | ZAC1.70 Billion | +11.20% |
| 2011-11-30 | ZAC1.52 Billion | +16.10% |
| 2010-11-30 | ZAC1.31 Billion | +10.91% |
| 2009-11-30 | ZAC1.18 Billion | +12.29% |
| 2008-11-30 | ZAC1.05 Billion | +26.25% |
| 2007-11-30 | ZAC835.41 Million | +11.40% |
| 2006-11-30 | ZAC749.91 Million | +17.85% |
| 2005-11-30 | ZAC636.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hudaco'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 492.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC3.51 Billion | 95.96% |
| Common Stock | ZAC3.00 Million | 0.08% |
| Other Comprehensive Income | ZAC145.00 Million | 3.96% |
| Total Equity | ZAC3.66 Billion | 100.00% |
Hudaco Competitors by Market Cap
The table below lists competitors of Hudaco ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mitra Angkasa Sejahtera PT Tbk
JK:BAUT
|
$2.93 Million |
|
Tlou Energy Ltd
AU:TOU
|
$2.93 Million |
|
Morella Corporation Ltd
AU:1MC
|
$2.93 Million |
|
Sorrento Resources Ltd.
PINK:SRSLF
|
$2.93 Million |
|
Qualitech Public Company Limited
BK:QLT
|
$2.93 Million |
|
BeijingWest Industries International Limited
PINK:NFGRF
|
$2.93 Million |
|
Polar Power Inc
NASDAQ:POLA
|
$2.93 Million |
|
NORWEGIAN BLOCK EXC.NK08
F:9Q3
|
$2.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hudaco's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,409,000,000 to 3,661,000,000, a change of 252,000,000 (7.4%).
- Net income of 575,000,000 contributed positively to equity growth.
- Dividend payments of 298,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 145,000,000.
- Other factors decreased equity by 112,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC575.00 Million | +15.71% |
| Dividends Paid | ZAC298.00 Million | -8.14% |
| Other Comprehensive Income | ZAC145.00 Million | +3.96% |
| Other Changes | ZAC-112.00 Million | -3.06% |
| Total Change | ZAC- | 7.39% |
Book Value vs Market Value Analysis
This analysis compares Hudaco'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: 156.08x
- 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 980.08x to 156.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-11-30 | ZAC20.10 | ZAC19700.00 | x |
| 2006-11-30 | ZAC23.65 | ZAC19700.00 | x |
| 2007-11-30 | ZAC25.88 | ZAC19700.00 | x |
| 2008-11-30 | ZAC30.83 | ZAC19700.00 | x |
| 2009-11-30 | ZAC36.35 | ZAC19700.00 | x |
| 2010-11-30 | ZAC40.08 | ZAC19700.00 | x |
| 2011-11-30 | ZAC46.60 | ZAC19700.00 | x |
| 2012-11-30 | ZAC51.98 | ZAC19700.00 | x |
| 2013-11-30 | ZAC56.64 | ZAC19700.00 | x |
| 2014-11-30 | ZAC52.03 | ZAC19700.00 | x |
| 2015-11-30 | ZAC58.17 | ZAC19700.00 | x |
| 2016-11-30 | ZAC65.07 | ZAC19700.00 | x |
| 2017-11-30 | ZAC71.77 | ZAC19700.00 | x |
| 2018-11-30 | ZAC77.34 | ZAC19700.00 | x |
| 2019-11-30 | ZAC85.01 | ZAC19700.00 | x |
| 2020-11-30 | ZAC82.26 | ZAC19700.00 | x |
| 2021-11-30 | ZAC92.44 | ZAC19700.00 | x |
| 2022-11-30 | ZAC100.08 | ZAC19700.00 | x |
| 2023-11-30 | ZAC111.17 | ZAC19700.00 | x |
| 2024-11-30 | ZAC117.57 | ZAC19700.00 | x |
| 2025-11-30 | ZAC126.22 | ZAC19700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hudaco 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): 15.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.57%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 1.84x
- Recent ROE (15.71%) is below the historical average (17.75%), 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 | 20.80% | 8.32% | 1.50x | 1.67x | ZAC66.10 Million |
| 2006 | 21.38% | 8.47% | 1.51x | 1.68x | ZAC82.88 Million |
| 2007 | 23.41% | 8.48% | 0.62x | 4.45x | ZAC108.20 Million |
| 2008 | 33.83% | 11.93% | 0.72x | 3.95x | ZAC232.41 Million |
| 2009 | 21.55% | 10.24% | 0.65x | 3.22x | ZAC132.88 Million |
| 2010 | 18.42% | 9.64% | 0.61x | 3.14x | ZAC108.39 Million |
| 2011 | 22.62% | 10.62% | 0.70x | 3.04x | ZAC188.60 Million |
| 2012 | 20.35% | 9.73% | 0.74x | 2.83x | ZAC172.82 Million |
| 2013 | 16.21% | 7.46% | 1.40x | 1.56x | ZAC112.67 Million |
| 2014 | 0.16% | 0.06% | 1.46x | 1.86x | ZAC-162.25 Million |
| 2015 | 19.99% | 7.05% | 1.39x | 2.05x | ZAC184.13 Million |
| 2016 | 18.79% | 7.01% | 1.31x | 2.05x | ZAC181.44 Million |
| 2017 | 17.29% | 6.72% | 1.28x | 2.01x | ZAC167.33 Million |
| 2018 | 15.17% | 5.96% | 1.27x | 2.01x | ZAC129.65 Million |
| 2019 | 15.64% | 6.40% | 1.36x | 1.80x | ZAC154.68 Million |
| 2020 | 1.37% | 0.57% | 1.26x | 1.91x | ZAC-223.79 Million |
| 2021 | 17.42% | 6.87% | 1.33x | 1.90x | ZAC212.37 Million |
| 2022 | 19.26% | 7.31% | 1.37x | 1.92x | ZAC286.64 Million |
| 2023 | 18.59% | 6.87% | 1.34x | 2.03x | ZAC282.32 Million |
| 2024 | 14.84% | 6.04% | 1.35x | 1.83x | ZAC165.10 Million |
| 2025 | 15.71% | 6.57% | 1.30x | 1.84x | ZAC208.90 Million |
Industry Comparison
This section compares Hudaco's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $300,242,000
- Average return on equity (ROE) among peers: 18.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hudaco (HDC) | ZAC3.90 Billion | 20.80% | 0.72x | $2.93 Million |
| Invicta (IVT) | $528.81 Million | 28.37% | 0.88x | $1.69 Million |
| Marshall Monteagle PLC (MMP) | $71.67 Million | 7.72% | 0.81x | $672.93K |