Hyprop
Hyprop is a South African based specialist retail property fund with high-quality portfolios in South Africa and Eastern Europe, and is listed on the Johannesburg Stock Exchange (JSE) and A2X as a Real Estate Investment Trust (REIT) with a market capitalisation at 30 June 2025 of R17.1bn. The Group holds interests in a R42bn portfolio of shopping centres in South Africa (SA) and Eastern Europe (E… Read more
Hyprop (HYP) - Net Assets
Latest net assets as of December 2025: ZAC26.20 Billion ZAC
Based on the latest financial reports, Hyprop (HYP) has net assets worth ZAC26.20 Billion ZAC as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC42.45 Billion) and total liabilities (ZAC16.26 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 | ZAC26.20 Billion |
| % of Total Assets | 61.71% |
| Annual Growth Rate | 12.49% |
| 5-Year Change | 27.13% |
| 10-Year Change | 6.08% |
| Growth Volatility | 25.49 |
Hyprop - Net Assets Trend (2005–2025)
This chart illustrates how Hyprop's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hyprop (2005–2025)
The table below shows the annual net assets of Hyprop from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ZAC24.53 Billion | +8.98% |
| 2024-06-30 | ZAC22.50 Billion | -0.29% |
| 2023-06-30 | ZAC22.57 Billion | +8.66% |
| 2022-06-30 | ZAC20.77 Billion | +7.67% |
| 2021-06-30 | ZAC19.29 Billion | +0.10% |
| 2020-06-30 | ZAC19.27 Billion | -21.31% |
| 2019-06-30 | ZAC24.49 Billion | -7.21% |
| 2018-06-30 | ZAC26.40 Billion | +6.08% |
| 2017-06-30 | ZAC24.88 Billion | +7.63% |
| 2016-06-30 | ZAC23.12 Billion | +6.74% |
| 2015-06-30 | ZAC21.66 Billion | +67.82% |
| 2014-06-30 | ZAC12.91 Billion | +82.44% |
| 2013-06-30 | ZAC7.07 Billion | +16.54% |
| 2012-06-30 | ZAC6.07 Billion | +12.36% |
| 2011-06-30 | ZAC5.40 Billion | +12.56% |
| 2010-06-30 | ZAC4.80 Billion | +13.00% |
| 2009-06-30 | ZAC4.25 Billion | -12.10% |
| 2008-06-30 | ZAC4.83 Billion | +37.86% |
| 2007-06-30 | ZAC3.50 Billion | +53.53% |
| 2006-06-30 | ZAC2.28 Billion | -2.07% |
| 2005-06-30 | ZAC2.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hyprop'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 50208.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC2.18 Billion | 8.90% |
| Common Stock | ZAC12.24 Billion | 49.92% |
| Other Comprehensive Income | ZAC10.10 Billion | 41.17% |
| Total Equity | ZAC24.53 Billion | 100.00% |
Hyprop Competitors by Market Cap
The table below lists competitors of Hyprop ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lippo Cikarang Tbk
JK:LPCK
|
$12.11 Million |
|
Riverview Rubber Estates Bhd
KLSE:2542
|
$12.11 Million |
|
EMC Instytut Medyczny SA
WAR:EMC
|
$12.12 Million |
|
Audacia SAS
PA:ALAUD
|
$12.12 Million |
|
PT Black Diamond Resources Tbk
JK:COAL
|
$12.10 Million |
|
Kunming Longjin Pharmaceutical Co Ltd
SHE:002750
|
$12.09 Million |
|
Queen City Investments Inc
PINK:QUCT
|
$12.09 Million |
|
Air Industries Group
NYSE MKT:AIRI
|
$12.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hyprop's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,893,401,000 to 24,526,183,000, a change of 1,632,782,000 (7.1%).
- Net income of 2,167,689,000 contributed positively to equity growth.
- New share issuances of 800,702,000 increased equity.
- Other comprehensive income increased equity by 726,571,000.
- Other factors decreased equity by 2,062,180,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC2.17 Billion | +8.84% |
| Share Issuances | ZAC800.70 Million | +3.26% |
| Other Comprehensive Income | ZAC726.57 Million | +2.96% |
| Other Changes | ZAC-2.06 Billion | -8.41% |
| Total Change | ZAC- | 7.13% |
Book Value vs Market Value Analysis
This analysis compares Hyprop'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: 87.59x
- 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 413.42x to 87.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | ZAC13.59 | ZAC5620.00 | x |
| 2007-06-30 | ZAC19.05 | ZAC5620.00 | x |
| 2008-06-30 | ZAC26.00 | ZAC5620.00 | x |
| 2009-06-30 | ZAC25.57 | ZAC5620.00 | x |
| 2010-06-30 | ZAC28.89 | ZAC5620.00 | x |
| 2011-06-30 | ZAC32.52 | ZAC5620.00 | x |
| 2012-06-30 | ZAC31.61 | ZAC5620.00 | x |
| 2013-06-30 | ZAC29.10 | ZAC5620.00 | x |
| 2014-06-30 | ZAC52.52 | ZAC5620.00 | x |
| 2015-06-30 | ZAC89.09 | ZAC5620.00 | x |
| 2016-06-30 | ZAC94.46 | ZAC5620.00 | x |
| 2017-06-30 | ZAC100.07 | ZAC5620.00 | x |
| 2018-06-30 | ZAC105.55 | ZAC5620.00 | x |
| 2019-06-30 | ZAC95.66 | ZAC5620.00 | x |
| 2020-06-30 | ZAC75.77 | ZAC5620.00 | x |
| 2021-06-30 | ZAC70.94 | ZAC5620.00 | x |
| 2022-06-30 | ZAC62.73 | ZAC5620.00 | x |
| 2023-06-30 | ZAC64.22 | ZAC5620.00 | x |
| 2024-06-30 | ZAC61.38 | ZAC5620.00 | x |
| 2025-06-30 | ZAC64.16 | ZAC5620.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hyprop 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): 8.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.96%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.70x
- Recent ROE (8.84%) is below the historical average (13.63%), 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 | 39.39% | 135.94% | 0.14x | 2.03x | ZAC551.70 Million |
| 2006 | 52.82% | 140.54% | 0.10x | 3.66x | ZAC723.54 Million |
| 2007 | 38.45% | 142.92% | 0.09x | 2.87x | ZAC780.83 Million |
| 2008 | 29.53% | 160.67% | 0.07x | 2.69x | ZAC760.67 Million |
| 2009 | 8.28% | 45.03% | 0.08x | 2.23x | ZAC-72.85 Million |
| 2010 | 22.86% | 118.75% | 0.09x | 2.25x | ZAC616.96 Million |
| 2011 | 11.16% | 53.88% | 0.10x | 2.12x | ZAC62.77 Million |
| 2012 | -1.38% | -36.19% | 0.01x | 3.33x | ZAC-691.04 Million |
| 2013 | 14.19% | 46.10% | 0.10x | 3.04x | ZAC296.48 Million |
| 2014 | 15.26% | 77.48% | 0.09x | 2.10x | ZAC671.26 Million |
| 2015 | 17.45% | 139.83% | 0.09x | 1.33x | ZAC1.61 Billion |
| 2016 | 12.04% | 89.89% | 0.09x | 1.47x | ZAC468.30 Million |
| 2017 | 11.17% | 87.37% | 0.09x | 1.40x | ZAC288.83 Million |
| 2018 | 9.62% | 81.24% | 0.09x | 1.34x | ZAC-101.03 Million |
| 2019 | 0.67% | 5.13% | 0.10x | 1.38x | ZAC-2.28 Billion |
| 2020 | -17.58% | -109.65% | 0.11x | 1.50x | ZAC-5.34 Billion |
| 2021 | -4.19% | -29.18% | 0.10x | 1.39x | ZAC-2.75 Billion |
| 2022 | 6.46% | 44.07% | 0.08x | 1.79x | ZAC-736.23 Million |
| 2023 | 6.70% | 37.31% | 0.10x | 1.76x | ZAC-748.76 Million |
| 2024 | 4.45% | 22.74% | 0.11x | 1.77x | ZAC-1.27 Billion |
| 2025 | 8.84% | 44.96% | 0.12x | 1.70x | ZAC-284.93 Million |
Industry Comparison
This section compares Hyprop's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $5,298,739,695
- Average return on equity (ROE) among peers: 16.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hyprop (HYP) | ZAC26.20 Billion | 39.39% | 0.62x | $12.10 Million |
| Accelerate Property Fund Ltd (APF) | $7.34 Billion | 12.24% | 0.69x | $750.08K |
| Dipula Income Fund Ltd (DIB) | $4.33 Billion | 15.40% | 0.69x | $3.62 Million |
| Exemplar REITail Ltd (EXP) | $3.76 Billion | 9.62% | 0.63x | $1.63 Million |
| Fairvest Ltd (FTA) | $11.14 Billion | 13.16% | 0.42x | $18.93 Million |
| Arrowhead Properties Ltd B (FTB) | $7.75 Billion | 9.11% | 0.63x | $7.38 Million |
| Resilient Property Income Fund Ltd (RES) | $1.39 Billion | 42.03% | 0.37x | $14.54 Million |
| Vukile Property Fund Ltd (VKE) | $1.38 Billion | 17.05% | 3.07x | $18.83 Million |