MAS Real Estate Inc (MSP) - Net Assets

Latest as of June 2025: ZAC1.21 Billion ZAC ≈ $644.15K USD

Based on the latest financial reports, MAS Real Estate Inc (MSP) has net assets worth ZAC1.21 Billion ZAC (≈ $644.15K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.85 Billion ≈ $984.06K USD) and total liabilities (ZAC639.59 Million ≈ $339.91K 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 how resilient are MAS Real Estate Inc's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC1.21 Billion
% of Total Assets 65.46%
Annual Growth Rate 134.63%
5-Year Change 39.41%
10-Year Change 202.38%
Growth Volatility 111529.06

MAS Real Estate Inc - Net Assets Trend (2009–2025)

This chart illustrates how MAS Real Estate Inc's net assets have evolved over time, based on quarterly financial data. Also explore MAS Real Estate Inc balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for MAS Real Estate Inc (2009–2025)

The table below shows the annual net assets of MAS Real Estate Inc from 2009 to 2025. For live valuation and market cap data, see MAS Real Estate Inc (MSP) market capitalisation.

Year Net Assets Change
2025-06-30 ZAC1.21 Billion
≈ $644.15K		 +11.54%
2024-06-30 ZAC1.09 Billion
≈ $577.50K		 +12.65%
2023-06-30 ZAC964.66 Million
≈ $512.66K		 +3.93%
2022-06-30 ZAC928.15 Million
≈ $493.26K		 +6.75%
2021-06-30 ZAC869.42 Million
≈ $462.05K		 +9.22%
2020-06-30 ZAC796.02 Million
≈ $423.05K		 -8.03%
2019-06-30 ZAC865.56 Million
≈ $460.00K		 +1.02%
2018-06-30 ZAC856.79 Million
≈ $455.34K		 +46.95%
2017-06-30 ZAC583.04 Million
≈ $309.86K		 +45.45%
2016-06-30 ZAC400.84 Million
≈ $213.03K		 +13.51%
2015-06-30 ZAC353.14 Million
≈ $187.68K		 +22.06%
2014-06-30 ZAC289.32 Million
≈ $153.76K		 +350.55%
2013-06-30 ZAC64.22 Million
≈ $34.13K		 +57.51%
2012-06-30 ZAC40.77 Million
≈ $21.67K		 +106.62%
2011-06-30 ZAC19.73 Million
≈ $10.49K		 +197.92%
2010-06-30 ZAC6.62 Million
≈ $3.52K		 +460805.22%
2009-06-30 ZAC1.44K
≈ $0.76		 --

Equity Component Analysis

This analysis shows how different components contribute to MAS Real Estate Inc'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 44702368.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings ZAC597.67 Million 49.31%
Common Stock ZAC7.16 Million 0.59%
Other Components ZAC607.23 Million 50.10%
Total Equity ZAC1.21 Billion 100.00%

MAS Real Estate Inc Competitors by Market Cap

The table below lists competitors of MAS Real Estate Inc ranked by their market capitalization.

Company Market Cap
Beibu Gulf Tourism Corp Ltd
SHG:603869
 $754.86 Million
Mahindra Lifespace Developers Limited
NSE:MAHLIFE
 $754.94 Million
Harum Energy Tbk PT
JK:HRUM
 $755.04 Million
Atlantic China Welding Consumables Inc
SHG:600558
 $755.25 Million
Shaanxi Xinghua Chemistry Co Ltd
SHE:002109
 $754.50 Million
Vercom SA
WAR:VRC
 $754.46 Million
MHP SE GDR S/2
F:MPQ
 $753.86 Million
Talon Metals Corp
TO:TLO
 $753.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in MAS Real Estate Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,086,655,000 to 1,212,059,000, a change of 125,404,000 (11.5%).
  • Net income of 124,967,000 contributed positively to equity growth.
  • Other comprehensive income increased equity by 9,623,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC124.97 Million +10.31%
Other Comprehensive Income ZAC9.62 Million +0.79%
Other Changes ZAC-9.19 Million -0.76%
Total Change ZAC- 11.54%

Book Value vs Market Value Analysis

This analysis compares MAS Real Estate Inc'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: 1095.07x
  • 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 4851.37x to 1095.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2010-06-30 ZAC0.43 ZAC2064.00 x
2011-06-30 ZAC1.04 ZAC2064.00 x
2012-06-30 ZAC0.40 ZAC2064.00 x
2013-06-30 ZAC0.63 ZAC2064.00 x
2014-06-30 ZAC1.58 ZAC2064.00 x
2015-06-30 ZAC1.23 ZAC2064.00 x
2016-06-30 ZAC1.31 ZAC2064.00 x
2017-06-30 ZAC1.46 ZAC2064.00 x
2018-06-30 ZAC1.48 ZAC2064.00 x
2019-06-30 ZAC1.35 ZAC2064.00 x
2020-06-30 ZAC1.18 ZAC2064.00 x
2021-06-30 ZAC1.23 ZAC2064.00 x
2022-06-30 ZAC1.32 ZAC2064.00 x
2023-06-30 ZAC1.38 ZAC2064.00 x
2024-06-30 ZAC1.56 ZAC2064.00 x
2025-06-30 ZAC1.88 ZAC2064.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently MAS Real Estate Inc 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): 10.31%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 122.68%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 1.53x
  • Recent ROE (10.31%) is above the historical average (3.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2010 -40.58% -923.69% 0.01x 3.99x ZAC-3.35 Million
2011 13.34% 153.80% 0.04x 1.99x ZAC658.32K
2012 0.01% 0.11% 0.04x 1.56x ZAC-4.07 Million
2013 -1.38% -21.68% 0.05x 1.34x ZAC-7.31 Million
2014 1.31% 96.41% 0.01x 1.07x ZAC-25.14 Million
2015 13.73% 519.94% 0.02x 1.16x ZAC13.16 Million
2016 0.37% 9.22% 0.03x 1.17x ZAC-38.59 Million
2017 5.77% 107.76% 0.04x 1.30x ZAC-24.62 Million
2018 1.97% 39.05% 0.04x 1.36x ZAC-68.57 Million
2019 6.41% 78.97% 0.05x 1.62x ZAC-30.78 Million
2020 -2.54% -26.69% 0.06x 1.62x ZAC-99.79 Million
2021 8.25% 182.68% 0.03x 1.53x ZAC-15.20 Million
2022 15.21% 294.60% 0.03x 1.65x ZAC48.36 Million
2023 9.42% 109.38% 0.06x 1.53x ZAC-5.63 Million
2024 11.34% 128.59% 0.06x 1.51x ZAC14.52 Million
2025 10.31% 122.68% 0.06x 1.53x ZAC3.76 Million

Industry Comparison

This section compares MAS Real Estate Inc's net assets metrics with peer companies in the Real Estate - Diversified industry.

No peer company data available for comparison.

About MAS Real Estate Inc

JSE:MSP South Africa Real Estate - Diversified
Market Cap
$754.72 Million
ZAC1.42 Trillion ZAC
Market Cap Rank
#10477 Global
#77 in South Africa
Share Price
ZAC2064.00
Change (1 day)
+2.18%
52-Week Range
ZAC1810.00 - ZAC2585.00
All Time High
ZAC3288.42
Categories
Companies in South Africa Real Estate - Diversified
About

MAS P.L.C. is a property investor and operator listed on the main board of the Johannesburg Stock Exchange and with a secondary listing on A2X Limited. The group is internally managed, combining investment, acquisition, leasing, asset and property management, marketing, and finance skills. Capital previously invested in WE will be reinvested directly in income property in CEE and indirectly, on a… Read more