Hudaco (HDC) - Net Assets
Based on the latest financial reports, Hudaco (HDC) has net assets worth ZAC3.90 Billion ZAC (≈ $2.07 Million USD) 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 ≈ $3.58 Million USD) and total liabilities (ZAC2.83 Billion ≈ $1.50 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 HDC asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of Hudaco for the complete picture of this company's asset base.
Annual Net Assets for Hudaco (2005–2025)
The table below shows the annual net assets of Hudaco from 2005 to 2025. For live valuation and market cap data, see Hudaco (HDC) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | ZAC3.90 Billion ≈ $2.07 Million |
+8.00% |
| 2024-11-30 | ZAC3.61 Billion ≈ $1.92 Million |
+3.73% |
| 2023-11-30 | ZAC3.48 Billion ≈ $1.85 Million |
+6.97% |
| 2022-11-30 | ZAC3.25 Billion ≈ $1.73 Million |
+9.35% |
| 2021-11-30 | ZAC2.98 Billion ≈ $1.58 Million |
+11.49% |
| 2020-11-30 | ZAC2.67 Billion ≈ $1.42 Million |
-6.13% |
| 2019-11-30 | ZAC2.84 Billion ≈ $1.51 Million |
+10.26% |
| 2018-11-30 | ZAC2.58 Billion ≈ $1.37 Million |
+8.52% |
| 2017-11-30 | ZAC2.38 Billion ≈ $1.26 Million |
+11.61% |
| 2016-11-30 | ZAC2.13 Billion ≈ $1.13 Million |
+12.36% |
| 2015-11-30 | ZAC1.90 Billion ≈ $1.01 Million |
+12.68% |
| 2014-11-30 | ZAC1.68 Billion ≈ $893.85K |
-8.34% |
| 2013-11-30 | ZAC1.83 Billion ≈ $975.14K |
+8.20% |
| 2012-11-30 | ZAC1.70 Billion ≈ $901.27K |
+11.20% |
| 2011-11-30 | ZAC1.52 Billion ≈ $810.46K |
+16.10% |
| 2010-11-30 | ZAC1.31 Billion ≈ $698.07K |
+10.91% |
| 2009-11-30 | ZAC1.18 Billion ≈ $629.42K |
+12.29% |
| 2008-11-30 | ZAC1.05 Billion ≈ $560.54K |
+26.25% |
| 2007-11-30 | ZAC835.41 Million ≈ $443.98K |
+11.40% |
| 2006-11-30 | ZAC749.91 Million ≈ $398.54K |
+17.85% |
| 2005-11-30 | ZAC636.34 Million ≈ $338.18K |
-- |
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 |
|---|---|
|
Alpine Income Property Trust, Inc.
NYSE:PINE
|
$290.35 Million |
|
Taisun Enterprise Co Ltd
TW:1218
|
$290.35 Million |
|
Anhui Provincial Architectural Design and Research Institute Co.Ltd.
SHE:301167
|
$290.42 Million |
|
EPACK Durable Limited
NSE:EPACK
|
$290.68 Million |
|
Daelim Paper Co.Ltd
KQ:017650
|
$290.32 Million |
|
Hexagon Composites ASA
OL:HEX
|
$290.16 Million |
|
Sang-A Frontec Co.Ltd
KQ:089980
|
$290.02 Million |
|
Iron Horse Acquisitions II Corp. Common Stock
NASDAQ:IRHO
|
$289.97 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: 152.48x
- 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 957.45x to 152.48x 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 | ZAC19245.00 | x |
| 2006-11-30 | ZAC23.65 | ZAC19245.00 | x |
| 2007-11-30 | ZAC25.88 | ZAC19245.00 | x |
| 2008-11-30 | ZAC30.83 | ZAC19245.00 | x |
| 2009-11-30 | ZAC36.35 | ZAC19245.00 | x |
| 2010-11-30 | ZAC40.08 | ZAC19245.00 | x |
| 2011-11-30 | ZAC46.60 | ZAC19245.00 | x |
| 2012-11-30 | ZAC51.98 | ZAC19245.00 | x |
| 2013-11-30 | ZAC56.64 | ZAC19245.00 | x |
| 2014-11-30 | ZAC52.03 | ZAC19245.00 | x |
| 2015-11-30 | ZAC58.17 | ZAC19245.00 | x |
| 2016-11-30 | ZAC65.07 | ZAC19245.00 | x |
| 2017-11-30 | ZAC71.77 | ZAC19245.00 | x |
| 2018-11-30 | ZAC77.34 | ZAC19245.00 | x |
| 2019-11-30 | ZAC85.01 | ZAC19245.00 | x |
| 2020-11-30 | ZAC82.26 | ZAC19245.00 | x |
| 2021-11-30 | ZAC92.44 | ZAC19245.00 | x |
| 2022-11-30 | ZAC100.08 | ZAC19245.00 | x |
| 2023-11-30 | ZAC111.17 | ZAC19245.00 | x |
| 2024-11-30 | ZAC117.57 | ZAC19245.00 | x |
| 2025-11-30 | ZAC126.22 | ZAC19245.00 | 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 | $290.35 Million |
| Invicta (IVT) | $528.81 Million | 28.37% | 0.88x | $170.34 Million |
| Marshall Monteagle PLC (MMP) | $71.67 Million | 7.72% | 0.81x | $78.61 Million |
About Hudaco
Hudaco Industries Limited imports and distributes automotive, industrial, and electronic consumable products in South Africa and internationally. It 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, mountings, bushes… Read more