Nictus (NCS) - Net Assets

Latest as of March 2026: ZAC165.34 Million ZAC ≈ $87.87K USD

Based on the latest financial reports, Nictus (NCS) has net assets worth ZAC165.34 Million ZAC (≈ $87.87K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.09 Billion ≈ $581.52K USD) and total liabilities (ZAC928.87 Million ≈ $493.65K 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 Nictus (NCS) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC165.34 Million
% of Total Assets 15.11%
Annual Growth Rate 4.45%
5-Year Change 56.04%
10-Year Change 66.51%
Growth Volatility 19.92

Nictus - Net Assets Trend (2009–2026)

This chart illustrates how Nictus's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NCS market cap overview.

Annual Net Assets for Nictus (2009–2026)

The table below shows the annual net assets of Nictus from 2009 to 2026. Also explore net asset momentum of Nictus to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-03-31 ZAC165.34 Million
≈ $87.87K		 +22.76%
2025-03-31 ZAC134.69 Million
≈ $71.58K		 +14.49%
2024-03-31 ZAC117.65 Million
≈ $62.53K		 +4.50%
2023-03-31 ZAC112.58 Million
≈ $59.83K		 +6.25%
2022-03-31 ZAC105.97 Million
≈ $56.31K		 +2.29%
2021-03-31 ZAC103.59 Million
≈ $55.06K		 +8.41%
2020-03-31 ZAC95.56 Million
≈ $50.78K		 -3.58%
2019-03-31 ZAC99.10 Million
≈ $52.67K		 -3.53%
2018-03-31 ZAC102.73 Million
≈ $54.59K		 +3.45%
2017-03-31 ZAC99.30 Million
≈ $52.77K		 +5.19%
2016-03-31 ZAC94.40 Million
≈ $50.17K		 +6.77%
2015-03-31 ZAC88.42 Million
≈ $46.99K		 +8.36%
2014-03-31 ZAC81.59 Million
≈ $43.36K		 +7.29%
2013-03-31 ZAC76.05 Million
≈ $40.42K		 -54.89%
2012-03-31 ZAC168.57 Million
≈ $89.58K		 +51.27%
2011-03-31 ZAC111.43 Million
≈ $59.22K		 +12.38%
2010-03-31 ZAC99.16 Million
≈ $52.70K		 +25.75%
2009-03-31 ZAC78.86 Million
≈ $41.91K		 --

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 657.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component Amount Percentage
Retained Earnings ZAC139.38 Million 84.29%
Common Stock ZAC25.97 Million 15.71%
Total Equity ZAC165.34 Million 100.00%

Nictus Competitors by Market Cap

The table below lists competitors of Nictus ranked by their market capitalization.

Company Market Cap
Tri-Mode System M Bhd
KLSE:0199
 $6.88 Million
Fly Play hf.
IC:PLAY
 $6.88 Million
Electroarges S
RO:ELGS
 $6.88 Million
SINTX Technologies Inc
NASDAQ:SINT
 $6.90 Million
Media Lab SpA
PA:MLLAB
 $6.87 Million
Hube Yangfan Holding Co Ltd
SHG:600421
 $6.87 Million
Diamond Estates Wines & Spirits Inc
V:DWS
 $6.87 Million
Straits Inter Logistics Bhd
KLSE:0080
 $6.87 Million

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 2025 to 2026, total equity changed from 134,695,000 to 165,345,000, a change of 30,650,000 (22.8%).
  • Net income of 37,063,000 contributed positively to equity growth.
  • Dividend payments of 6,413,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income ZAC37.06 Million +22.42%
Dividends Paid ZAC6.41 Million -3.88%
Total Change ZAC- 22.76%

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: 78.22x
  • 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 164.01x to 78.22x 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 ZAC242.00 x
2010-03-31 ZAC1.86 ZAC242.00 x
2011-03-31 ZAC2.09 ZAC242.00 x
2012-03-31 ZAC3.15 ZAC242.00 x
2013-03-31 ZAC1.15 ZAC242.00 x
2014-03-31 ZAC1.23 ZAC242.00 x
2015-03-31 ZAC1.33 ZAC242.00 x
2016-03-31 ZAC1.42 ZAC242.00 x
2017-03-31 ZAC1.50 ZAC242.00 x
2018-03-31 ZAC1.55 ZAC242.00 x
2019-03-31 ZAC1.61 ZAC242.00 x
2020-03-31 ZAC1.79 ZAC242.00 x
2021-03-31 ZAC1.94 ZAC242.00 x
2022-03-31 ZAC1.98 ZAC242.00 x
2023-03-31 ZAC2.11 ZAC242.00 x
2024-03-31 ZAC2.20 ZAC242.00 x
2025-03-31 ZAC2.52 ZAC242.00 x
2026-03-31 ZAC3.09 ZAC242.00 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): 22.42%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 30.90%
  • • Asset Turnover: 0.11x
  • • Equity Multiplier: 6.62x
  • Recent ROE (22.42%) is above the historical average (7.76%), 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
2026 22.42% 30.90% 0.11x 6.62x ZAC20.53 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: $2,964,298,333
  • Average return on equity (ROE) among peers: 16.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Nictus (NCS) ZAC165.34 Million 12.74% 5.62x $6.87 Million
HomeChoice Investments Ltd (HIL) $2.39 Billion 21.78% 0.51x $205.79 Million
Kaap Agri Bedryf Employee and Farm Worker Bee Trust (KAL) $1.02 Billion 12.64% 1.08x $179.38 Million
Lewis Group Limited (LEW) $5.49 Billion 15.56% 0.67x $230.56 Million

About Nictus

JSE:NCS South Africa Specialty Retail
Market Cap
$6.87 Million
ZAC12.93 Billion ZAC
Market Cap Rank
#28015 Global
#210 in South Africa
Share Price
ZAC242.00
Change (1 day)
+0.00%
52-Week Range
ZAC180.00 - ZAC325.00
All Time High
ZAC325.00
Categories
Companies in South Africa Specialty Retail
About

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 also owns a non-life insurer through the Corporate guarantee brand. Nictus Limited was founded in 1945 and is headquartered in Steyn, South Afri… Read more