Nictus Net Assets

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

Nictus net assets. 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. Also explore NCS shareholders equity momentum to track the company's year-over-year net asset growth rate.

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

Net Assets of Nictus (2009–2026)

Net assets of Nictus from 2009 to 2026. This chart illustrates how Nictus's net assets have evolved over time, based on quarterly financial data. See NCS net asset quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Nictus (2009–2026)

The table below shows the annual net assets of Nictus from 2009 to 2026. For live market cap and overall valuation, see NCS market cap.

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.

Nictus Net Assets Breakdown (March 2026)

Nictus net assets breakdown by equity component as of 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
T.Krungthai Industries Public Company Limited BK:TKT	$7.11 Million
Deutsche Grundstücksauktionen AG XETRA:DGR	$7.11 Million
Triboron International AB (publ) ST:TRIBO-B	$7.11 Million
Oxbridge Re Holdings Ltd NASDAQ:OXBR	$7.11 Million
ENDRA Life Sciences Inc NASDAQ:NDRA	$7.09 Million
Lien Hoe Corporation Bhd KLSE:3573	$7.09 Million
Terrain Minerals Ltd AU:TMX	$7.08 Million
Mahaka Radio Integra Tbk PT JK:MARI	$7.08 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: 80.81x
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 169.43x to 80.81x 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	ZAC250.00	x
2010-03-31	ZAC1.86	ZAC250.00	x
2011-03-31	ZAC2.09	ZAC250.00	x
2012-03-31	ZAC3.15	ZAC250.00	x
2013-03-31	ZAC1.15	ZAC250.00	x
2014-03-31	ZAC1.23	ZAC250.00	x
2015-03-31	ZAC1.33	ZAC250.00	x
2016-03-31	ZAC1.42	ZAC250.00	x
2017-03-31	ZAC1.50	ZAC250.00	x
2018-03-31	ZAC1.55	ZAC250.00	x
2019-03-31	ZAC1.61	ZAC250.00	x
2020-03-31	ZAC1.79	ZAC250.00	x
2021-03-31	ZAC1.94	ZAC250.00	x
2022-03-31	ZAC1.98	ZAC250.00	x
2023-03-31	ZAC2.11	ZAC250.00	x
2024-03-31	ZAC2.20	ZAC250.00	x
2025-03-31	ZAC2.52	ZAC250.00	x
2026-03-31	ZAC3.09	ZAC250.00	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	$7.10 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	$167.70 Million
Lewis Group Limited (LEW)	$5.49 Billion	15.56%	0.67x	$247.60 Million

About Nictus

JSE:NCS South Africa Specialty Retail

Market Cap

$7.10 Million

ZAC13.36 Billion ZAC

Market Cap Rank

#27727 Global

#213 in South Africa

Share Price

ZAC250.00

Change (1 day)

+0.00%

52-Week Range

ZAC180.00 - ZAC350.00

All Time High

ZAC350.00