Ninety One PLC (N91) - Net Assets

Latest as of March 2026: ZAC702.60 Million ZAC ≈ $373.40K USD

Based on the latest financial reports, Ninety One PLC (N91) has net assets worth ZAC702.60 Million ZAC (≈ $373.40K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC14.88 Billion ≈ $7.91 Million USD) and total liabilities (ZAC14.17 Billion ≈ $7.53 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. Also explore N91 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC702.60 Million
% of Total Assets 4.72%
Annual Growth Rate 15.2%
5-Year Change 105.68%
10-Year Change N/A
Growth Volatility 34.53

Ninety One PLC - Net Assets Trend (2017–2026)

This chart illustrates how Ninety One PLC's net assets have evolved over time, based on quarterly financial data. Check N91 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Ninety One PLC (2017–2026)

The table below shows the annual net assets of Ninety One PLC from 2017 to 2026. For live valuation and market cap data, see market cap of Ninety One PLC.

Year Net Assets Change
2026-03-31 ZAC702.60 Million
≈ $373.40K		 +88.06%
2025-03-31 ZAC373.60 Million
≈ $198.55K		 +1.63%
2024-03-31 ZAC367.60 Million
≈ $195.36K		 +5.06%
2023-03-31 ZAC349.90 Million
≈ $185.95K		 +2.43%
2022-03-31 ZAC341.60 Million
≈ $181.54K		 +34.86%
2021-03-31 ZAC253.30 Million
≈ $134.62K		 +67.64%
2020-03-31 ZAC151.10 Million
≈ $80.30K		 -22.77%
2019-03-31 ZAC195.64 Million
≈ $103.97K		 -7.55%
2018-03-31 ZAC211.61 Million
≈ $112.46K		 +7.63%
2017-03-31 ZAC196.62 Million
≈ $104.49K		 --

Equity Component Analysis

This analysis shows how different components contribute to Ninety One PLC'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 39130000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component Amount Percentage
Retained Earnings ZAC391.30 Million 55.71%
Other Components ZAC311.10 Million 44.29%
Total Equity ZAC702.40 Million 100.00%

Ninety One PLC Competitors by Market Cap

The table below lists competitors of Ninety One PLC ranked by their market capitalization.

Company Market Cap
Hoist Finance AB
ST:HOFI
 $1.63 Billion
Foreign Trade Bank of Latin America Inc
NYSE:BLX
 $1.63 Billion
Dime Community Bancshares, Inc.
NASDAQ:DCOM
 $1.63 Billion
Wangfujing
SHG:600859
 $1.63 Billion
Wenzhou Yihua Connector Co Ltd
SHE:002897
 $1.63 Billion
Expro Group Holdings NV
NYSE:XPRO
 $1.63 Billion
FRIEDR.VORW.GRP. ADR/025
F:VH20
 $1.63 Billion
S-1 Corp
KO:012750
 $1.63 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ninety One PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 373,400,000 to 702,400,000, a change of 329,000,000 (88.1%).
  • Net income of 153,500,000 contributed positively to equity growth.
  • Dividend payments of 114,800,000 reduced retained earnings.
  • Share repurchases of 40,100,000 reduced equity.
  • Other factors increased equity by 330,400,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income ZAC153.50 Million +21.85%
Dividends Paid ZAC114.80 Million -16.34%
Share Repurchases ZAC40.10 Million -5.71%
Other Changes ZAC330.40 Million +47.04%
Total Change ZAC- 88.11%

Book Value vs Market Value Analysis

This analysis compares Ninety One PLC'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: 6680.04x
  • 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 15398.89x to 6680.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-03-31 ZAC0.31 ZAC4842.00 x
2018-03-31 ZAC0.23 ZAC4842.00 x
2019-03-31 ZAC0.21 ZAC4842.00 x
2020-03-31 ZAC0.16 ZAC4842.00 x
2021-03-31 ZAC0.27 ZAC4842.00 x
2022-03-31 ZAC0.37 ZAC4842.00 x
2023-03-31 ZAC0.38 ZAC4842.00 x
2024-03-31 ZAC0.40 ZAC4842.00 x
2025-03-31 ZAC0.43 ZAC4842.00 x
2026-03-31 ZAC0.72 ZAC4842.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ninety One PLC 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): 21.85%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 20.11%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 21.18x
  • Recent ROE (21.85%) is below the historical average (58.11%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2017 65.19% 21.63% 0.07x 42.31x ZAC108.05 Million
2018 66.56% 21.22% 0.07x 42.96x ZAC119.38 Million
2019 71.67% 20.07% 0.08x 45.12x ZAC120.31 Million
2020 103.12% 20.42% 0.10x 50.77x ZAC140.33 Million
2021 60.98% 20.43% 0.08x 39.12x ZAC129.08 Million
2022 60.12% 25.82% 0.07x 34.21x ZAC171.15 Million
2023 46.83% 21.97% 0.07x 30.91x ZAC128.82 Million
2024 44.61% 23.49% 0.06x 30.26x ZAC127.16 Million
2025 40.20% 21.44% 0.06x 32.71x ZAC112.76 Million
2026 21.85% 20.11% 0.05x 21.18x ZAC83.26 Million

Industry Comparison

This section compares Ninety One PLC's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $6,057,926,275
  • Average return on equity (ROE) among peers: 15.46%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ninety One PLC (N91) ZAC702.60 Million 65.19% 20.17x $1.63 Billion
African Rainbow Capital Investments Ltd (AIL) $9.88 Billion 2.70% 0.00x $782.54 Million
Astoria Investments Ltd (ARA) $132.25 Million -13.09% 0.00x $29.62 Million
Brait SE (BAT) $39.58 Billion -40.06% 0.21x $422.88 Million
Coronation Fund Managers Ltd (CML) $220.67 Million 84.70% 1.31x $784.04 Million
EPE Capital Partners Ltd (EPE) $1.72 Billion 0.27% 0.10x $39.28 Million
Huge Group Ltd (HUG) $1.55 Billion 33.35% 0.10x $7.92 Million
PSG Konsult Ltd (KST) $501.51 Million 18.70% 1.49x $2.29 Billion
Mahube Infrastructure Ltd (MHB) $591.70 Million 5.71% 0.00x $12.90 Million
Ninety One Ltd (NY1) $349.90 Million 46.81% 29.90x $804.06 Million

About Ninety One PLC

JSE:N91 South Africa Asset Management
Market Cap
$1.63 Billion
ZAC3.06 Trillion ZAC
Market Cap Rank
#6770 Global
#53 in South Africa
Share Price
ZAC4842.00
Change (1 day)
+1.09%
52-Week Range
ZAC4397.00 - ZAC5712.00
All Time High
ZAC5712.00
Categories
Companies in South Africa Asset Management Banking & Financial
About

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling … Read more