Kaap Agri Bedryf Employee and Farm Worker Bee Trust

JSE:KAL South Africa Specialty Retail
Market Cap
$165.46 Million
ZAC311.34 Billion ZAC
Market Cap Rank
#34812 Global
#104 in South Africa
Share Price
ZAC4408.00
Change (1 day)
-0.94%
52-Week Range
ZAC3753.00 - ZAC5100.00
All Time High
ZAC5300.00
Categories
Companies in South Africa Specialty Retail
About

KAL Group Limited operates as a diversified trader and retailer in the agricultural, manufacturing, retail, and fuel and convenience markets in South Africa and Namibia. It operates through Agrimark, PEG, Agrimark Grain, and Manufacturing segments. The company engages in the grain handling and storage; marketing of agricultural commodities; seed and animal feed sales; provision of agricultural ma… Read more

Kaap Agri Bedryf Employee and Farm Worker Bee Trust (KAL) - Net Assets

Latest net assets as of September 2025: ZAC3.64 Billion ZAC

Based on the latest financial reports, Kaap Agri Bedryf Employee and Farm Worker Bee Trust (KAL) has net assets worth ZAC3.64 Billion ZAC as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC8.23 Billion) and total liabilities (ZAC4.59 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 ZAC3.64 Billion
% of Total Assets 44.19%
Annual Growth Rate 11.18%
5-Year Change 51.66%
10-Year Change 158.74%
Growth Volatility 2.39

Kaap Agri Bedryf Employee and Farm Worker Bee Trust - Net Assets Trend (2012–2025)

This chart illustrates how Kaap Agri Bedryf Employee and Farm Worker Bee Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Kaap Agri Bedryf Employee and Farm Worker Bee Trust (2012–2025)

The table below shows the annual net assets of Kaap Agri Bedryf Employee and Farm Worker Bee Trust from 2012 to 2025.

Year Net Assets Change
2025-09-30 ZAC3.64 Billion +7.55%
2024-09-30 ZAC3.38 Billion +9.58%
2023-09-30 ZAC3.09 Billion +9.34%
2022-09-30 ZAC2.82 Billion +17.69%
2021-09-30 ZAC2.40 Billion +12.76%
2020-09-30 ZAC2.13 Billion +10.41%
2019-09-30 ZAC1.93 Billion +10.53%
2018-09-30 ZAC1.74 Billion +10.12%
2017-09-30 ZAC1.58 Billion +12.59%
2016-09-30 ZAC1.41 Billion +11.99%
2015-09-30 ZAC1.26 Billion +12.54%
2014-09-30 ZAC1.12 Billion +9.26%
2013-09-30 ZAC1.02 Billion +11.36%
2012-09-30 ZAC916.67 Million --

Equity Component Analysis

This analysis shows how different components contribute to Kaap Agri Bedryf Employee and Farm Worker Bee Trust'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 572.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component Amount Percentage
Retained Earnings ZAC2.95 Billion 85.67%
Common Stock ZAC466.05 Million 13.55%
Other Comprehensive Income ZAC26.98 Million 0.78%
Total Equity ZAC3.44 Billion 100.00%

Kaap Agri Bedryf Employee and Farm Worker Bee Trust Competitors by Market Cap

The table below lists competitors of Kaap Agri Bedryf Employee and Farm Worker Bee Trust ranked by their market capitalization.

Company Market Cap
Unisem SA
RO:UNISEM
 		$1.66 Million
Bathurst Metals Corp
PINK:BMVVF
 		$1.66 Million
Largo Physical Vanadium Corp.
PINK:VANAF
 		$1.66 Million
CleanTech Vanadium Mining Corp
OTCQB:CTVFF
 		$1.66 Million
InMed Pharmaceuticals Inc
NASDAQ:INM
 		$1.66 Million
Reliable Data Services Limited
NSE:RELIABLE
 		$1.65 Million
TenderHut S.A.
WAR:THG
 		$1.65 Million
TGI Solar Power Group Inc
PINK:TSPG
 		$1.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Kaap Agri Bedryf Employee and Farm Worker Bee Trust's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,197,031,000 to 3,439,810,000, a change of 242,779,000 (7.6%).
  • Net income of 402,712,000 contributed positively to equity growth.
  • Dividend payments of 152,931,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 11,002,999.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC402.71 Million +11.71%
Dividends Paid ZAC152.93 Million -4.45%
Other Comprehensive Income ZAC-11.00 Million -0.32%
Other Changes ZAC26.82 Million +0.78%
Total Change ZAC- 7.59%

Book Value vs Market Value Analysis

This analysis compares Kaap Agri Bedryf Employee and Farm Worker Bee Trust'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: 90.49x
  • 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 340.97x to 90.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-09-30 ZAC12.93 ZAC4408.00 x
2013-09-30 ZAC14.13 ZAC4408.00 x
2014-09-30 ZAC15.83 ZAC4408.00 x
2015-09-30 ZAC17.81 ZAC4408.00 x
2016-09-30 ZAC19.95 ZAC4408.00 x
2017-09-30 ZAC22.27 ZAC4408.00 x
2018-09-30 ZAC24.51 ZAC4408.00 x
2019-09-30 ZAC25.91 ZAC4408.00 x
2020-09-30 ZAC28.86 ZAC4408.00 x
2021-09-30 ZAC32.20 ZAC4408.00 x
2022-09-30 ZAC37.56 ZAC4408.00 x
2023-09-30 ZAC41.40 ZAC4408.00 x
2024-09-30 ZAC45.47 ZAC4408.00 x
2025-09-30 ZAC48.71 ZAC4408.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kaap Agri Bedryf Employee and Farm Worker Bee Trust 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): 11.71%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.98%
  • • Asset Turnover: 2.47x
  • • Equity Multiplier: 2.39x
  • Recent ROE (11.71%) is below the historical average (13.87%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 11.47% 3.20% 1.72x 2.09x ZAC13.16 Million
2013 12.96% 3.22% 1.89x 2.13x ZAC29.47 Million
2014 14.18% 3.25% 2.06x 2.13x ZAC46.68 Million
2015 15.07% 3.54% 1.99x 2.14x ZAC63.67 Million
2016 14.97% 3.72% 1.80x 2.23x ZAC69.85 Million
2017 15.25% 3.76% 1.89x 2.14x ZAC83.15 Million
2018 14.15% 3.76% 1.67x 2.26x ZAC72.24 Million
2019 15.19% 3.28% 1.77x 2.62x ZAC94.71 Million
2020 13.56% 3.21% 1.63x 2.60x ZAC72.27 Million
2021 14.03% 3.03% 1.82x 2.54x ZAC92.25 Million
2022 14.73% 2.52% 1.88x 3.10x ZAC127.26 Million
2023 14.57% 1.91% 2.70x 2.83x ZAC133.96 Million
2024 12.37% 1.82% 2.65x 2.57x ZAC75.61 Million
2025 11.71% 1.98% 2.47x 2.39x ZAC58.73 Million

Industry Comparison

This section compares Kaap Agri Bedryf Employee and Farm Worker Bee Trust's net assets metrics with peer companies in the Specialty Retail industry.

Industry Context

  • Industry: Specialty Retail
  • Average net assets among peers: $2,543,727,667
  • Average return on equity (ROE) among peers: 14.76%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Kaap Agri Bedryf Employee and Farm Worker Bee Trust (KAL) ZAC3.64 Billion 11.47% 1.26x $1.66 Million
HomeChoice Investments Ltd (HIL) $2.68 Billion 19.67% 0.46x $2.06 Million
Lewis Group Limited (LEW) $4.83 Billion 18.77% 0.50x $2.46 Million
Nictus (NCS) $112.58 Million 5.85% 6.73x $67.88K