Kumba Iron Ore Ltd (KIO) - Net Assets
Based on the latest financial reports, Kumba Iron Ore Ltd (KIO) has net assets worth ZAC72.01 Billion ZAC (≈ $38.27 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC103.70 Billion ≈ $55.11 Million USD) and total liabilities (ZAC31.70 Billion ≈ $16.85 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 Kumba Iron Ore Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC72.01 Billion |
| % of Total Assets | 69.44% |
| Annual Growth Rate | 19.84% |
| 5-Year Change | 23.18% |
| 10-Year Change | 97.09% |
| Growth Volatility | 63.26 |
Kumba Iron Ore Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Kumba Iron Ore Ltd's net assets have evolved over time, based on quarterly financial data. See Kumba Iron Ore Ltd (KIO) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kumba Iron Ore Ltd (2004–2025)
The table below shows the annual net assets of Kumba Iron Ore Ltd from 2004 to 2025. For live valuation and market cap data, see Kumba Iron Ore Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ZAC72.01 Billion ≈ $38.27 Million |
+3.91% |
| 2024-12-31 | ZAC69.30 Billion ≈ $36.83 Million |
+1.58% |
| 2023-12-31 | ZAC68.22 Billion ≈ $36.26 Million |
+26.77% |
| 2022-12-31 | ZAC53.82 Billion ≈ $28.60 Million |
-7.94% |
| 2021-12-31 | ZAC58.46 Billion ≈ $31.07 Million |
-6.00% |
| 2020-12-31 | ZAC62.19 Billion ≈ $33.05 Million |
+30.86% |
| 2019-12-31 | ZAC47.52 Billion ≈ $25.26 Million |
+2.89% |
| 2018-12-31 | ZAC46.19 Billion ≈ $24.55 Million |
+1.41% |
| 2017-12-31 | ZAC45.55 Billion ≈ $24.21 Million |
+24.66% |
| 2016-12-31 | ZAC36.54 Billion ≈ $19.42 Million |
+45.17% |
| 2015-12-31 | ZAC25.17 Billion ≈ $13.37 Million |
-6.79% |
| 2014-12-31 | ZAC27.00 Billion ≈ $14.35 Million |
-0.67% |
| 2013-12-31 | ZAC27.18 Billion ≈ $14.45 Million |
+40.78% |
| 2012-12-31 | ZAC19.31 Billion ≈ $10.26 Million |
-6.23% |
| 2011-12-31 | ZAC20.59 Billion ≈ $10.94 Million |
+12.06% |
| 2010-12-31 | ZAC18.38 Billion ≈ $9.77 Million |
+105.18% |
| 2009-12-31 | ZAC8.96 Billion ≈ $4.76 Million |
+5.29% |
| 2008-12-31 | ZAC8.51 Billion ≈ $4.52 Million |
+158.15% |
| 2007-12-31 | ZAC3.29 Billion ≈ $1.75 Million |
+212.32% |
| 2006-12-31 | ZAC1.05 Billion ≈ $560.68K |
-70.26% |
| 2005-12-31 | ZAC3.55 Billion ≈ $1.89 Million |
+120.37% |
| 2004-12-31 | ZAC1.61 Billion ≈ $855.63K |
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Equity Component Analysis
This analysis shows how different components contribute to Kumba Iron Ore Ltd'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 2811.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC52.43 Billion | 95.43% |
| Common Stock | ZAC3.00 Million | 0.01% |
| Other Comprehensive Income | ZAC2.83 Billion | 5.15% |
| Total Equity | ZAC54.94 Billion | 100.00% |
Kumba Iron Ore Ltd Competitors by Market Cap
The table below lists competitors of Kumba Iron Ore Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guanghui Energy Co Ltd
SHG:600256
|
$5.24 Billion |
|
Hedef Holdings AS
IS:HEDEF
|
$5.24 Billion |
|
Shareate Tools Ltd
SHG:688257
|
$5.24 Billion |
|
Huber+suhner AG
SW:HUBN
|
$5.24 Billion |
|
H Lundbeck A/S
CO:HLUN-B
|
$5.23 Billion |
|
Intercorp Financial Services Inc
NYSE:IFS
|
$5.23 Billion |
|
Phillips Edison & Co Inc
NASDAQ:PECO
|
$5.23 Billion |
|
China Oilfield Services Ltd Class A
SHG:601808
|
$5.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kumba Iron Ore Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,815,000,000 to 54,939,000,000, a change of 2,124,000,000 (4.0%).
- Net income of 14,611,000,000 contributed positively to equity growth.
- Dividend payments of 11,756,000,000 reduced retained earnings.
- Share repurchases of 310,000,000 reduced equity.
- Other comprehensive income decreased equity by 607,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC14.61 Billion | +26.59% |
| Dividends Paid | ZAC11.76 Billion | -21.4% |
| Share Repurchases | ZAC310.00 Million | -0.56% |
| Other Comprehensive Income | ZAC-607.00 Million | -1.1% |
| Other Changes | ZAC186.00 Million | +0.34% |
| Total Change | ZAC- | 4.02% |
Book Value vs Market Value Analysis
This analysis compares Kumba Iron Ore Ltd'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: 180.09x
- 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 2719.02x to 180.09x 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 | ZAC11.32 | ZAC30766.00 | x |
| 2006-12-31 | ZAC2.68 | ZAC30766.00 | x |
| 2007-12-31 | ZAC8.56 | ZAC30766.00 | x |
| 2008-12-31 | ZAC21.45 | ZAC30766.00 | x |
| 2009-12-31 | ZAC22.73 | ZAC30766.00 | x |
| 2010-12-31 | ZAC44.58 | ZAC30766.00 | x |
| 2011-12-31 | ZAC49.21 | ZAC30766.00 | x |
| 2012-12-31 | ZAC47.36 | ZAC30766.00 | x |
| 2013-12-31 | ZAC64.77 | ZAC30766.00 | x |
| 2014-12-31 | ZAC64.64 | ZAC30766.00 | x |
| 2015-12-31 | ZAC60.22 | ZAC30766.00 | x |
| 2016-12-31 | ZAC86.72 | ZAC30766.00 | x |
| 2017-12-31 | ZAC108.15 | ZAC30766.00 | x |
| 2018-12-31 | ZAC109.53 | ZAC30766.00 | x |
| 2019-12-31 | ZAC112.70 | ZAC30766.00 | x |
| 2020-12-31 | ZAC147.46 | ZAC30766.00 | x |
| 2021-12-31 | ZAC138.64 | ZAC30766.00 | x |
| 2022-12-31 | ZAC127.61 | ZAC30766.00 | x |
| 2023-12-31 | ZAC161.69 | ZAC30766.00 | x |
| 2024-12-31 | ZAC164.19 | ZAC30766.00 | x |
| 2025-12-31 | ZAC170.84 | ZAC30766.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kumba Iron Ore Ltd 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): 26.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.26%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.89x
- Recent ROE (26.59%) is below the historical average (79.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 28.20% | 11.29% | 0.97x | 2.58x | ZAC293.00 Million |
| 2005 | 76.86% | 39.04% | 1.16x | 1.70x | ZAC2.37 Billion |
| 2006 | 509.54% | 49.40% | 1.26x | 8.19x | ZAC4.19 Billion |
| 2007 | 116.26% | 27.67% | 1.18x | 3.56x | ZAC2.91 Billion |
| 2008 | 105.09% | 33.75% | 1.28x | 2.44x | ZAC6.52 Billion |
| 2009 | 96.02% | 29.87% | 1.31x | 2.45x | ZAC6.26 Billion |
| 2010 | 99.90% | 37.01% | 1.39x | 1.94x | ZAC12.89 Billion |
| 2011 | 107.64% | 35.10% | 1.41x | 2.17x | ZAC15.46 Billion |
| 2012 | 81.94% | 27.47% | 1.24x | 2.40x | ZAC10.96 Billion |
| 2013 | 74.15% | 28.36% | 1.22x | 2.14x | ZAC13.36 Billion |
| 2014 | 51.65% | 22.53% | 0.94x | 2.45x | ZAC8.65 Billion |
| 2015 | 2.43% | 1.33% | 0.73x | 2.51x | ZAC-1.46 Billion |
| 2016 | 30.96% | 21.47% | 0.70x | 2.05x | ZAC5.84 Billion |
| 2017 | 35.48% | 26.60% | 0.74x | 1.80x | ZAC8.86 Billion |
| 2018 | 27.27% | 21.03% | 0.73x | 1.79x | ZAC6.09 Billion |
| 2019 | 44.88% | 25.29% | 0.96x | 1.85x | ZAC12.64 Billion |
| 2020 | 48.01% | 28.44% | 0.97x | 1.74x | ZAC18.03 Billion |
| 2021 | 74.56% | 32.58% | 1.25x | 1.84x | ZAC28.80 Billion |
| 2022 | 36.47% | 20.22% | 0.90x | 2.01x | ZAC10.86 Billion |
| 2023 | 43.69% | 26.35% | 0.87x | 1.90x | ZAC17.52 Billion |
| 2024 | 27.83% | 21.45% | 0.69x | 1.87x | ZAC9.42 Billion |
| 2025 | 26.59% | 20.26% | 0.70x | 1.89x | ZAC9.12 Billion |
Industry Comparison
This section compares Kumba Iron Ore Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $11,767,263,500
- Average return on equity (ROE) among peers: -6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kumba Iron Ore Ltd (KIO) | ZAC72.01 Billion | 28.20% | 0.44x | $5.24 Billion |
| ArcelorMittal South Africa Limited (ACL) | $22.56 Billion | 5.96% | 0.41x | $82.93 Million |
| Argent (ART) | $978.53 Million | -18.82% | 0.37x | $105.87 Million |
About Kumba Iron Ore Ltd
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa. It operates through Products " Sishen Mine, Products " Kolomela Mine, Services " Logistics, and Services " Shipping Operations segments. The company produces iron ore at its flagship Sishen mine located nea… Read more