MTN Group Ltd (MTN) - Net Assets

Latest as of June 2025: ZAC167.65 Billion ZAC

Based on the latest financial reports, MTN Group Ltd (MTN) has net assets worth ZAC167.65 Billion ZAC as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC475.97 Billion) and total liabilities (ZAC308.32 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	ZAC167.65 Billion
% of Total Assets	35.22%
Annual Growth Rate	9.62%
5-Year Change	30.33%
10-Year Change	-8.82%
Growth Volatility	23.53

MTN Group Ltd - Net Assets Trend (2001–2024)

This chart illustrates how MTN Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for MTN Group Ltd (2001–2024)

The table below shows the annual net assets of MTN Group Ltd from 2001 to 2024.

Year	Net Assets	Change
2024-12-31	ZAC138.45 Billion	-7.81%
2023-12-31	ZAC150.18 Billion	+22.76%
2022-12-31	ZAC122.34 Billion	+6.40%
2021-12-31	ZAC114.98 Billion	+8.24%
2020-12-31	ZAC106.22 Billion	+23.37%
2019-12-31	ZAC86.10 Billion	-2.41%
2018-12-31	ZAC88.23 Billion	-6.41%
2017-12-31	ZAC94.27 Billion	-10.42%
2016-12-31	ZAC105.23 Billion	-30.70%
2015-12-31	ZAC151.84 Billion	+13.79%
2014-12-31	ZAC133.44 Billion	+11.41%
2013-12-31	ZAC119.77 Billion	+28.94%
2012-12-31	ZAC92.89 Billion	+0.20%
2011-12-31	ZAC92.70 Billion	+25.14%
2010-12-31	ZAC74.07 Billion	+1.66%
2009-12-31	ZAC72.87 Billion	-9.53%
2008-12-31	ZAC80.54 Billion	+56.39%
2007-12-31	ZAC51.50 Billion	+20.53%
2006-12-31	ZAC42.73 Billion	+85.01%
2005-12-31	ZAC23.10 Billion	+8.61%
2003-12-31	ZAC21.27 Billion	+18.51%
2002-12-31	ZAC17.95 Billion	+7.22%
2001-12-31	ZAC16.74 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to MTN Group 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 4962.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	ZAC79.38 Billion	64.30%
Other Comprehensive Income	ZAC4.80 Billion	3.89%
Other Components	ZAC39.27 Billion	31.81%
Total Equity	ZAC123.44 Billion	100.00%

MTN Group Ltd Competitors by Market Cap

The table below lists competitors of MTN Group Ltd ranked by their market capitalization.

Company	Market Cap
TVS Motor Company Limited NSE:TVSMOTOR	$19.19 Billion
Packaging Corp of America NYSE:PKG	$19.20 Billion
Korea Electric Power Corporation F:KOP	$19.21 Billion
Dawning Information Industry Co Ltd SHG:603019	$19.25 Billion
Api Group Corp NYSE:APG	$19.15 Billion
NVR Inc NYSE:NVR	$19.13 Billion
Ningbo Deye Technology Co Ltd SHG:605117	$19.13 Billion
Essity AB Series A LSE:0RQC	$19.12 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in MTN Group Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 139,205,000,000 to 123,445,000,000, a change of -15,760,000,000 (-11.3%).
Net loss of 9,592,000,000 reduced equity.
Dividend payments of 5,963,000,000 reduced retained earnings.
Share repurchases of 1,237,000,000 reduced equity.
Other comprehensive income increased equity by 1,020,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	ZAC-9.59 Billion	-7.77%
Dividends Paid	ZAC5.96 Billion	-4.83%
Share Repurchases	ZAC1.24 Billion	-1.0%
Other Comprehensive Income	ZAC1.02 Billion	+0.83%
Other Changes	ZAC12.00 Million	+0.01%
Total Change	ZAC-	-11.32%

Book Value vs Market Value Analysis

This analysis compares MTN Group 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: 291.95x
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 2046.71x to 291.95x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	ZAC9.75	ZAC19950.00	x
2002-12-31	ZAC10.36	ZAC19950.00	x
2003-12-31	ZAC12.00	ZAC19950.00	x
2005-12-31	ZAC11.75	ZAC19950.00	x
2006-12-31	ZAC21.91	ZAC19950.00	x
2007-12-31	ZAC25.23	ZAC19950.00	x
2008-12-31	ZAC40.74	ZAC19950.00	x
2009-12-31	ZAC37.35	ZAC19950.00	x
2010-12-31	ZAC38.80	ZAC19950.00	x
2011-12-31	ZAC47.58	ZAC19950.00	x
2012-12-31	ZAC48.13	ZAC19950.00	x
2013-12-31	ZAC62.11	ZAC19950.00	x
2014-12-31	ZAC69.80	ZAC19950.00	x
2015-12-31	ZAC80.11	ZAC19950.00	x
2016-12-31	ZAC54.94	ZAC19950.00	x
2017-12-31	ZAC50.72	ZAC19950.00	x
2018-12-31	ZAC46.48	ZAC19950.00	x
2019-12-31	ZAC45.96	ZAC19950.00	x
2020-12-31	ZAC56.59	ZAC19950.00	x
2021-12-31	ZAC60.05	ZAC19950.00	x
2022-12-31	ZAC62.96	ZAC19950.00	x
2023-12-31	ZAC75.74	ZAC19950.00	x
2024-12-31	ZAC68.33	ZAC19950.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently MTN Group 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): -7.77%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -5.10%
• Asset Turnover: 0.44x
• Equity Multiplier: 3.49x
Recent ROE (-7.77%) is below the historical average (16.28%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	3.44%	4.41%	0.45x	1.72x	ZAC-1.04 Billion
2002	13.00%	11.43%	0.69x	1.65x	ZAC511.70 Million
2003	21.73%	18.06%	0.75x	1.61x	ZAC2.33 Billion
2005	34.00%	24.64%	0.61x	2.27x	ZAC4.73 Billion
2006	31.27%	23.45%	0.53x	2.50x	ZAC8.23 Billion
2007	25.18%	16.29%	0.63x	2.44x	ZAC7.18 Billion
2008	22.43%	16.71%	0.60x	2.23x	ZAC9.50 Billion
2009	24.51%	15.33%	0.72x	2.23x	ZAC10.16 Billion
2010	23.42%	14.67%	0.74x	2.15x	ZAC9.64 Billion
2011	26.76%	19.52%	0.67x	2.04x	ZAC14.90 Billion
2012	23.26%	15.32%	0.74x	2.04x	ZAC11.80 Billion
2013	22.97%	19.26%	0.60x	1.98x	ZAC14.85 Billion
2014	24.96%	21.83%	0.58x	1.97x	ZAC19.23 Billion
2015	13.80%	13.74%	0.47x	2.14x	ZAC5.57 Billion
2016	-2.55%	-1.77%	0.55x	2.62x	ZAC-12.85 Billion
2017	4.76%	3.32%	0.55x	2.61x	ZAC-4.86 Billion
2018	10.28%	6.48%	0.55x	2.88x	ZAC239.10 Million
2019	10.68%	5.92%	0.50x	3.60x	ZAC573.30 Million
2020	16.55%	9.49%	0.51x	3.39x	ZAC6.73 Billion
2021	12.38%	7.57%	0.50x	3.29x	ZAC2.65 Billion
2022	16.33%	9.20%	0.53x	3.36x	ZAC7.38 Billion
2023	2.94%	1.85%	0.51x	3.12x	ZAC-9.83 Billion
2024	-7.77%	-5.10%	0.44x	3.49x	ZAC-21.94 Billion

Industry Comparison

This section compares MTN Group Ltd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $10,967,534,942
Average return on equity (ROE) among peers: 22.33%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MTN Group Ltd (MTN)	ZAC167.65 Billion	3.44%	1.84x	$19.15 Billion
Blue Label Telecoms Ltd (BLU)	$5.00 Billion	15.73%	0.74x	$444.41 Million
Telkom (TKG)	$15.09 Billion	10.75%	2.55x	$1.53 Billion
Telemasters Holdings Ltd (TLM)	$34.70 Million	7.08%	0.58x	$5.92 Million
Vodacom Group Ltd (VOD)	$23.74 Billion	55.78%	1.56x	$14.75 Billion

About MTN Group Ltd

JSE:MTN South Africa Telecom Services

Market Cap

$19.15 Billion

ZAC36.04 Trillion ZAC

Market Cap Rank

#1188 Global

#10 in South Africa

Share Price

ZAC19950.00

Change (1 day)

-0.96%

52-Week Range

ZAC11124.00 - ZAC20898.00

All Time High

ZAC20898.00