Nictus (NCS) - Net Assets

Latest as of September 2025: ZAC150.22 Million ZAC ≈ $79.83K USD

Based on the latest financial reports, Nictus (NCS) has net assets worth ZAC150.22 Million ZAC (≈ $79.83K USD) 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 ≈ $541.94K USD) and total liabilities (ZAC869.52 Million ≈ $462.11K 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 NCS asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore NCS total asset value for the complete picture of this company's asset base.

Annual Net Assets for Nictus (2009–2025)

The table below shows the annual net assets of Nictus from 2009 to 2025. For live valuation and market cap data, see market cap of Nictus.

Year Net Assets Change
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 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
FIXEDzone as
PR:FIXED
 $6.82 Million
Metro Realty Tbk
JK:MTSM
 $6.82 Million
Sumber Mas Konstruksi Tbk PT
JK:SMKM
 $6.83 Million
Suvidhaa Infoserve Limited
NSE:SUVIDHAA
 $6.83 Million
Sipa Resources Ltd
AU:SRI
 $6.81 Million
Griffin Mining
LSE:GFM
 $6.81 Million
Home Pottery Public Company Limited
BK:HPT
 $6.81 Million
DGB Group NV
AS:DGB
 $6.80 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 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: 95.23x
  • 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 162.66x to 95.23x 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 ZAC240.00 x
2010-03-31 ZAC1.86 ZAC240.00 x
2011-03-31 ZAC2.09 ZAC240.00 x
2012-03-31 ZAC3.15 ZAC240.00 x
2013-03-31 ZAC1.15 ZAC240.00 x
2014-03-31 ZAC1.23 ZAC240.00 x
2015-03-31 ZAC1.33 ZAC240.00 x
2016-03-31 ZAC1.42 ZAC240.00 x
2017-03-31 ZAC1.50 ZAC240.00 x
2018-03-31 ZAC1.55 ZAC240.00 x
2019-03-31 ZAC1.61 ZAC240.00 x
2020-03-31 ZAC1.79 ZAC240.00 x
2021-03-31 ZAC1.94 ZAC240.00 x
2022-03-31 ZAC1.98 ZAC240.00 x
2023-03-31 ZAC2.11 ZAC240.00 x
2024-03-31 ZAC2.20 ZAC240.00 x
2025-03-31 ZAC2.52 ZAC240.00 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: $2,846,465,000
  • Average return on equity (ROE) among peers: 17.03%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Nictus (NCS) ZAC150.22 Million 12.74% 5.79x $6.82 Million
HomeChoice Investments Ltd (HIL) $2.68 Billion 19.67% 0.46x $205.79 Million
Kaap Agri Bedryf Employee and Farm Worker Bee Trust (KAL) $1.02 Billion 12.64% 1.08x $181.45 Million
Lewis Group Limited (LEW) $4.83 Billion 18.77% 0.50x $237.87 Million

About Nictus

JSE:NCS South Africa Specialty Retail
Market Cap
$6.82 Million
ZAC12.83 Billion ZAC
Market Cap Rank
#27728 Global
#202 in South Africa
Share Price
ZAC240.00
Change (1 day)
+8.60%
52-Week Range
ZAC145.00 - ZAC285.00
All Time High
ZAC285.00
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 owns a non-life insurer through the Corporate guarantee brand. Nictus Limited was founded in 1945 and is headquartered in Sandton, South Africa.