Nictus
Nictus Limited, an investment holding company, operates as a retailer of household furniture, electrical appliances, and home electronics under the Nictus brand in South Africa. It operates through the Insurance and Furniture Retail segments. The company owns a non-life insurer through the Corporate guarantee brand. Nictus Limited was founded in 1945 and is headquartered in Sandton, South Africa.
Nictus (NCS) - Net Assets
Latest net assets as of September 2025: ZAC150.22 Million ZAC
Based on the latest financial reports, Nictus (NCS) has net assets worth ZAC150.22 Million ZAC as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.02 Billion) and total liabilities (ZAC869.52 Million). 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 | ZAC150.22 Million |
| % of Total Assets | 14.73% |
| Annual Growth Rate | 3.4% |
| 5-Year Change | 30.02% |
| 10-Year Change | 42.69% |
| Growth Volatility | 20.12 |
Nictus - Net Assets Trend (2009–2025)
This chart illustrates how Nictus's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nictus (2009–2025)
The table below shows the annual net assets of Nictus from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC134.69 Million | +14.49% |
| 2024-03-31 | ZAC117.65 Million | +4.50% |
| 2023-03-31 | ZAC112.58 Million | +6.25% |
| 2022-03-31 | ZAC105.97 Million | +2.29% |
| 2021-03-31 | ZAC103.59 Million | +8.41% |
| 2020-03-31 | ZAC95.56 Million | -3.58% |
| 2019-03-31 | ZAC99.10 Million | -3.53% |
| 2018-03-31 | ZAC102.73 Million | +3.45% |
| 2017-03-31 | ZAC99.30 Million | +5.19% |
| 2016-03-31 | ZAC94.40 Million | +6.77% |
| 2015-03-31 | ZAC88.42 Million | +8.36% |
| 2014-03-31 | ZAC81.59 Million | +7.29% |
| 2013-03-31 | ZAC76.05 Million | -54.89% |
| 2012-03-31 | ZAC168.57 Million | +51.27% |
| 2011-03-31 | ZAC111.43 Million | +12.38% |
| 2010-03-31 | ZAC99.16 Million | +25.75% |
| 2009-03-31 | ZAC78.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nictus'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 490.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC108.73 Million | 80.72% |
| Common Stock | ZAC25.97 Million | 19.28% |
| Total Equity | ZAC134.69 Million | 100.00% |
Nictus Competitors by Market Cap
The table below lists competitors of Nictus ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EMAE4F
SA:EMAE4F
|
$67.98K |
|
NHYEX
NASDAQ:NHYEX
|
$68.11K |
|
GRAMMER (GMM.SG)
STU:GMM
|
$68.12K |
|
MTI Ltd
MU:MBO
|
$68.18K |
|
Mirae Asset Dream Special Purpose Acquisition 1 Co.
KO:442900
|
$67.88K |
|
Yuyu Pharma Inc. Pfd. Series 2
KQ:000227
|
$67.77K |
|
Convenience Foods (Lanka) PLC
CM:SOYN0000
|
$67.68K |
|
XP Hoteis Fundo De Investimento Imobiliario FII
SA:XPHT12
|
$67.68K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nictus's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 117,652,000 to 134,695,000, a change of 17,043,000 (14.5%).
- Net income of 20,250,000 contributed positively to equity growth.
- Dividend payments of 3,207,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,152,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC20.25 Million | +15.03% |
| Dividends Paid | ZAC3.21 Million | -2.38% |
| Other Comprehensive Income | ZAC-1.15 Million | -0.86% |
| Other Changes | ZAC1.15 Million | +0.86% |
| Total Change | ZAC- | 14.49% |
Book Value vs Market Value Analysis
This analysis compares Nictus'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: 85.70x
- 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 146.39x to 85.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-03-31 | ZAC1.48 | ZAC216.00 | x |
| 2010-03-31 | ZAC1.86 | ZAC216.00 | x |
| 2011-03-31 | ZAC2.09 | ZAC216.00 | x |
| 2012-03-31 | ZAC3.15 | ZAC216.00 | x |
| 2013-03-31 | ZAC1.15 | ZAC216.00 | x |
| 2014-03-31 | ZAC1.23 | ZAC216.00 | x |
| 2015-03-31 | ZAC1.33 | ZAC216.00 | x |
| 2016-03-31 | ZAC1.42 | ZAC216.00 | x |
| 2017-03-31 | ZAC1.50 | ZAC216.00 | x |
| 2018-03-31 | ZAC1.55 | ZAC216.00 | x |
| 2019-03-31 | ZAC1.61 | ZAC216.00 | x |
| 2020-03-31 | ZAC1.79 | ZAC216.00 | x |
| 2021-03-31 | ZAC1.94 | ZAC216.00 | x |
| 2022-03-31 | ZAC1.98 | ZAC216.00 | x |
| 2023-03-31 | ZAC2.11 | ZAC216.00 | x |
| 2024-03-31 | ZAC2.20 | ZAC216.00 | x |
| 2025-03-31 | ZAC2.52 | ZAC216.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nictus 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): 15.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.38%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 6.20x
- Recent ROE (15.03%) is above the historical average (6.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 12.74% | 2.72% | 0.59x | 7.96x | ZAC2.16 Million |
| 2010 | 10.17% | 2.62% | 0.48x | 8.15x | ZAC164.20K |
| 2011 | 13.89% | 3.13% | 0.53x | 8.40x | ZAC4.34 Million |
| 2012 | 13.66% | 4.05% | 0.52x | 6.50x | ZAC6.17 Million |
| 2013 | -19.89% | -37.88% | 0.12x | 4.39x | ZAC-22.73 Million |
| 2014 | 3.69% | 6.18% | 0.11x | 5.32x | ZAC-5.15 Million |
| 2015 | 7.72% | 12.21% | 0.11x | 5.67x | ZAC-2.02 Million |
| 2016 | 8.46% | 15.65% | 0.10x | 5.47x | ZAC-1.45 Million |
| 2017 | 6.94% | 15.43% | 0.08x | 5.99x | ZAC-3.04 Million |
| 2018 | 5.27% | 11.44% | 0.07x | 6.23x | ZAC-4.86 Million |
| 2019 | 6.60% | 12.90% | 0.08x | 6.69x | ZAC-3.37 Million |
| 2020 | 3.81% | 7.15% | 0.07x | 7.84x | ZAC-5.92 Million |
| 2021 | 9.29% | 17.21% | 0.08x | 6.48x | ZAC-737.50K |
| 2022 | 4.76% | 11.30% | 0.06x | 6.70x | ZAC-5.55 Million |
| 2023 | 5.85% | 14.18% | 0.05x | 7.73x | ZAC-4.67 Million |
| 2024 | 9.30% | 31.12% | 0.06x | 5.28x | ZAC-826.20K |
| 2025 | 15.03% | 34.38% | 0.07x | 6.20x | ZAC6.78 Million |
Industry Comparison
This section compares Nictus's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $3,633,471,333
- Average return on equity (ROE) among peers: 16.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nictus (NCS) | ZAC150.22 Million | 12.74% | 5.79x | $67.88K |
| HomeChoice Investments Ltd (HIL) | $2.68 Billion | 19.67% | 0.46x | $2.06 Million |
| Kaap Agri Bedryf Employee and Farm Worker Bee Trust (KAL) | $3.38 Billion | 11.69% | 1.43x | $1.66 Million |
| Lewis Group Limited (LEW) | $4.83 Billion | 18.77% | 0.50x | $2.46 Million |