Netcare

JSE:NTC South Africa Medical Care Facilities
Market Cap
$1.02 Billion
ZAC1.92 Trillion ZAC
Market Cap Rank
#28441 Global
#45 in South Africa
Share Price
ZAC1610.00
Change (1 day)
-0.86%
52-Week Range
ZAC1250.00 - ZAC1717.00
All Time High
ZAC3095.95
Categories
Companies in South Africa Medical Care Facilities
About

Netcare Limited, an investment holding company, operates private hospitals in South Africa. It operates through Hospital and Emergency Services, and Primary Care segments. The Hospital and Emergency Services segment engages in the hospital and pharmacy operations. Its operations covers its private acute hospital network and day clinics; and non-acute services, including emergency medical services… Read more

Netcare (NTC) - Net Assets

Latest net assets as of September 2025: ZAC10.99 Billion ZAC

Based on the latest financial reports, Netcare (NTC) has net assets worth ZAC10.99 Billion ZAC as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC29.23 Billion) and total liabilities (ZAC18.24 Billion). 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 ZAC10.99 Billion
% of Total Assets 37.6%
Annual Growth Rate 6.01%
5-Year Change 3.77%
10-Year Change -15.54%
Growth Volatility 35.45

Netcare - Net Assets Trend (2005–2025)

This chart illustrates how Netcare's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Netcare (2005–2025)

The table below shows the annual net assets of Netcare from 2005 to 2025.

Year Net Assets Change
2025-09-30 ZAC10.99 Billion +0.15%
2024-09-30 ZAC10.97 Billion -0.62%
2023-09-30 ZAC11.04 Billion +0.89%
2022-09-30 ZAC10.94 Billion +3.35%
2021-09-30 ZAC10.59 Billion +8.06%
2020-09-30 ZAC9.80 Billion -4.26%
2019-09-30 ZAC10.23 Billion -1.73%
2018-09-30 ZAC10.41 Billion +17.52%
2017-09-30 ZAC8.86 Billion -31.88%
2016-09-30 ZAC13.01 Billion -8.91%
2015-09-30 ZAC14.28 Billion +17.33%
2014-09-30 ZAC12.17 Billion +16.68%
2013-09-30 ZAC10.43 Billion +1122.75%
2012-09-30 ZAC-1.02 Billion -113.27%
2011-09-30 ZAC7.68 Billion +17.71%
2010-09-30 ZAC6.53 Billion -8.47%
2009-09-30 ZAC7.13 Billion -19.41%
2008-09-30 ZAC8.85 Billion +3.13%
2007-09-30 ZAC8.58 Billion +37.62%
2006-09-30 ZAC6.24 Billion +82.44%
2005-09-30 ZAC3.42 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Netcare'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 191.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component Amount Percentage
Retained Earnings ZAC9.97 Billion 91.71%
Common Stock ZAC4.08 Billion 37.50%
Other Comprehensive Income ZAC576.00 Million 5.30%
Total Equity ZAC10.87 Billion 100.00%

Netcare Competitors by Market Cap

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

Company Market Cap
Hammer Metals Limited
F:6HM
 		$10.17 Million
Papago Inc.
TWO:3632
 		$10.17 Million
Hanoi Plastics JSC
VN:NHH
 		$10.17 Million
Burgundy Diamond Mines Ltd
AU:BDM
 		$10.17 Million
Acset Indonusa Tbk
JK:ACST
 		$10.17 Million
Stel Holdings Limited
NSE:STEL
 		$10.16 Million
Kyobo 3 SPAC
KQ:208710
 		$10.15 Million
M P J Logistics Public Company Limited
BK:MPJ
 		$10.15 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 10,933,000,000 to 10,871,000,000, a change of -62,000,000 (-0.6%).
  • Net income of 1,743,000,000 contributed positively to equity growth.
  • Dividend payments of 1,019,000,000 reduced retained earnings.
  • Share repurchases of 855,000,000 reduced equity.
  • Other comprehensive income increased equity by 576,000,000.
  • Other factors decreased equity by 507,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC1.74 Billion +16.03%
Dividends Paid ZAC1.02 Billion -9.37%
Share Repurchases ZAC855.00 Million -7.86%
Other Comprehensive Income ZAC576.00 Million +5.3%
Other Changes ZAC-507.00 Million -4.66%
Total Change ZAC- -0.57%

Book Value vs Market Value Analysis

This analysis compares Netcare'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: 184.53x
  • 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 709.94x to 184.53x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-09-30 ZAC2.27 ZAC1610.00 x
2006-09-30 ZAC1.96 ZAC1610.00 x
2007-09-30 ZAC3.69 ZAC1610.00 x
2008-09-30 ZAC4.01 ZAC1610.00 x
2009-09-30 ZAC3.76 ZAC1610.00 x
2010-09-30 ZAC3.56 ZAC1610.00 x
2011-09-30 ZAC4.40 ZAC1610.00 x
2012-09-30 ZAC1.26 ZAC1610.00 x
2013-09-30 ZAC5.76 ZAC1610.00 x
2014-09-30 ZAC6.82 ZAC1610.00 x
2015-09-30 ZAC7.96 ZAC1610.00 x
2016-09-30 ZAC7.86 ZAC1610.00 x
2017-09-30 ZAC6.49 ZAC1610.00 x
2018-09-30 ZAC7.52 ZAC1610.00 x
2019-09-30 ZAC7.50 ZAC1610.00 x
2020-09-30 ZAC7.27 ZAC1610.00 x
2021-09-30 ZAC7.87 ZAC1610.00 x
2022-09-30 ZAC8.08 ZAC1610.00 x
2023-09-30 ZAC8.19 ZAC1610.00 x
2024-09-30 ZAC8.42 ZAC1610.00 x
2025-09-30 ZAC8.72 ZAC1610.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Netcare 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): 16.03%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.62%
  • • Asset Turnover: 0.90x
  • • Equity Multiplier: 2.69x
  • Recent ROE (16.03%) is above the historical average (8.96%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 24.39% 10.82% 1.20x 1.88x ZAC481.07 Million
2006 18.65% 4.63% 0.23x 17.53x ZAC249.23 Million
2007 22.93% 5.88% 0.37x 10.58x ZAC617.40 Million
2008 19.12% 4.52% 0.40x 10.69x ZAC468.30 Million
2009 36.57% 7.54% 0.51x 9.60x ZAC1.27 Billion
2010 27.73% 5.72% 0.51x 9.57x ZAC822.30 Million
2011 31.99% 7.99% 0.46x 8.74x ZAC1.28 Billion
2012 -270.60% -17.69% 0.57x 26.87x ZAC-4.62 Billion
2013 65.86% 18.77% 1.14x 3.06x ZAC4.36 Billion
2014 23.18% 6.77% 1.19x 2.88x ZAC1.22 Billion
2015 22.46% 7.30% 1.06x 2.89x ZAC1.37 Billion
2016 15.89% 4.56% 1.23x 2.83x ZAC636.90 Million
2017 52.78% 24.65% 0.68x 3.15x ZAC3.82 Billion
2018 10.94% 5.47% 1.01x 1.98x ZAC97.50 Million
2019 24.03% 11.33% 1.01x 2.10x ZAC1.43 Billion
2020 4.57% 2.37% 0.73x 2.66x ZAC-530.70 Million
2021 7.27% 3.63% 0.83x 2.42x ZAC-288.70 Million
2022 9.30% 4.68% 0.82x 2.41x ZAC-76.00 Million
2023 11.41% 5.30% 0.85x 2.52x ZAC155.00 Million
2024 13.71% 5.95% 0.89x 2.60x ZAC405.70 Million
2025 16.03% 6.62% 0.90x 2.69x ZAC655.90 Million

Industry Comparison

This section compares Netcare's net assets metrics with peer companies in the Medical Care Facilities industry.

Industry Context

  • Industry: Medical Care Facilities
  • Average net assets among peers: $10,147,301,000
  • Average return on equity (ROE) among peers: 12.17%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Netcare (NTC) ZAC10.99 Billion 24.39% 1.66x $10.17 Million
AfroCentric Investment Corp (ACT) $1.12 Billion 15.19% 0.39x $677.03K
Life Healthcare (LHC) $19.17 Billion 9.15% 1.13x $8.63 Million