Ninety One Ltd (NY1) - Net Assets

Latest as of September 2025: ZAC391.00 Million ZAC ≈ $207.80K USD

Based on the latest financial reports, Ninety One Ltd (NY1) has net assets worth ZAC391.00 Million ZAC (≈ $207.80K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC13.64 Billion ≈ $7.25 Million USD) and total liabilities (ZAC13.25 Billion ≈ $7.04 Million 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 Ninety One Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC391.00 Million
% of Total Assets 2.87%
Annual Growth Rate 8.35%
5-Year Change 47.49%
10-Year Change N/A
Growth Volatility 26.15

Ninety One Ltd - Net Assets Trend (2017–2025)

This chart illustrates how Ninety One Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Ninety One Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ninety One Ltd (2017–2025)

The table below shows the annual net assets of Ninety One Ltd from 2017 to 2025. For live valuation and market cap data, see Ninety One Ltd market cap and net worth.

Year Net Assets Change
2025-03-31 ZAC373.60 Million
≈ $198.55K		 +1.63%
2024-03-31 ZAC367.60 Million
≈ $195.36K		 +5.06%
2023-03-31 ZAC349.90 Million
≈ $185.95K		 +2.43%
2022-03-31 ZAC341.60 Million
≈ $181.54K		 +34.86%
2021-03-31 ZAC253.30 Million
≈ $134.62K		 +67.64%
2020-03-31 ZAC151.10 Million
≈ $80.30K		 -22.77%
2019-03-31 ZAC195.64 Million
≈ $103.97K		 -7.55%
2018-03-31 ZAC211.61 Million
≈ $112.46K		 +7.63%
2017-03-31 ZAC196.62 Million
≈ $104.49K		 --

Equity Component Analysis

This analysis shows how different components contribute to Ninety One Ltd'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 36800000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings ZAC368.00 Million 98.55%
Common Stock ZAC403.70 Million 108.11%
Total Equity ZAC373.40 Million 100.00%

Ninety One Ltd Competitors by Market Cap

The table below lists competitors of Ninety One Ltd ranked by their market capitalization.

Company Market Cap
Puyang Huicheng Electronic Material Co Ltd
SHE:300481
 $803.76 Million
LiaonWellhope Agri-Tech Co Ltd
SHG:603609
 $804.11 Million
Omnijoi Media Corp
SHE:300528
 $804.23 Million
Redtape Limited
NSE:REDTAPE
 $804.27 Million
Construtora Tenda S.A
SA:TEND3
 $803.46 Million
Whirlpool S.A
SA:WHRL3
 $803.36 Million
RHOEN-KLINIK.UNSP.ADR 1/2
F:RHKU
 $803.26 Million
Olema Pharmaceuticals Inc
NASDAQ:OLMA
 $802.72 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 367,400,000 to 373,400,000, a change of 6,000,000 (1.6%).
  • Net income of 150,100,000 contributed positively to equity growth.
  • Dividend payments of 107,200,000 reduced retained earnings.
  • Share repurchases of 48,100,000 reduced equity.
  • Other comprehensive income increased equity by 1,064,200,000.
  • Other factors decreased equity by 1,053,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC150.10 Million +40.2%
Dividends Paid ZAC107.20 Million -28.71%
Share Repurchases ZAC48.10 Million -12.88%
Other Comprehensive Income ZAC1.06 Billion +285.0%
Other Changes ZAC-1.05 Billion -282.0%
Total Change ZAC- 1.63%

Book Value vs Market Value Analysis

This analysis compares Ninety One Ltd'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: 10938.35x
  • 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 increased from 5670.19x to 10938.35x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-03-31 ZAC0.82 ZAC4624.00 x
2018-03-31 ZAC0.88 ZAC4624.00 x
2019-03-31 ZAC0.21 ZAC4624.00 x
2020-03-31 ZAC0.16 ZAC4624.00 x
2021-03-31 ZAC0.28 ZAC4624.00 x
2022-03-31 ZAC0.37 ZAC4624.00 x
2023-03-31 ZAC0.39 ZAC4624.00 x
2024-03-31 ZAC0.41 ZAC4624.00 x
2025-03-31 ZAC0.42 ZAC4624.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ninety One Ltd 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): 40.20%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 21.44%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 32.71x
  • Recent ROE (40.20%) is below the historical average (62.14%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2017 65.19% 21.63% 0.07x 42.31x ZAC108.05 Million
2018 66.56% 21.22% 0.07x 42.96x ZAC119.38 Million
2019 71.67% 20.07% 0.08x 45.12x ZAC120.31 Million
2020 103.12% 20.42% 0.10x 50.77x ZAC140.33 Million
2021 60.98% 20.43% 0.08x 39.12x ZAC129.08 Million
2022 60.12% 25.82% 0.07x 34.21x ZAC171.15 Million
2023 46.83% 21.97% 0.07x 30.91x ZAC128.82 Million
2024 44.61% 27.85% 0.05x 30.26x ZAC127.16 Million
2025 40.20% 21.44% 0.06x 32.71x ZAC112.76 Million

Industry Comparison

This section compares Ninety One Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $3,781,323,477
  • Average return on equity (ROE) among peers: 22.75%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ninety One Ltd (NY1) ZAC391.00 Million 65.19% 33.89x $803.54 Million
African Rainbow Capital Investments Ltd (AIL) $10.00 Billion 9.13% 0.00x $782.54 Million
Astoria Investments Ltd (ARA) $149.23 Million 17.38% 0.00x $29.62 Million
Brait SE (BAT) $14.93 Billion 20.18% 0.01x $463.94 Million
Coronation Fund Managers Ltd (CML) $2.17 Billion 83.54% 31.07x $848.74 Million
EPE Capital Partners Ltd (EPE) $2.19 Billion 22.60% 0.09x $44.40 Million
Huge Group Ltd (HUG) $964.32 Million 4.00% 0.30x $11.97 Million
PSG Konsult Ltd (KST) $2.35 Billion 20.71% 19.02x $1.98 Billion
Mahube Infrastructure Ltd (MHB) $574.65 Million 5.38% 0.00x $11.81 Million
Ninety One PLC (N91) $702.60 Million 21.85% 20.17x $1.60 Billion

About Ninety One Ltd

JSE:NY1 South Africa Asset Management
Market Cap
$803.54 Million
ZAC1.51 Trillion ZAC
Market Cap Rank
#10085 Global
#73 in South Africa
Share Price
ZAC4624.00
Change (1 day)
+0.13%
52-Week Range
ZAC4208.00 - ZAC5655.00
All Time High
ZAC5655.00
Categories
Companies in South Africa Asset Management Banking & Financial
About

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling … Read more