Ninety One Ltd (NY1) - Net Assets
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 NY1 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore NY1 asset base for the complete picture of this company's asset base.
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 |
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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 |
|---|---|
|
MetroCity Bankshares
NASDAQ:MCBS
|
$812.67 Million |
|
Wecome Intelligent Manufacturing Co. Ltd.
SHG:603070
|
$812.70 Million |
|
Quanex Building Products
NYSE:NX
|
$813.11 Million |
|
Besalco Sa
SN:BESALCO
|
$813.18 Million |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
$812.54 Million |
|
Banco Mercantil do Brasil S.A
SA:BMEB3
|
$812.53 Million |
|
Matthews International Corporation
NASDAQ:MATW
|
$812.08 Million |
|
Patriot Battery Metals Inc
AU:PMT
|
$812.05 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: 11061.36x
- 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 5733.95x to 11061.36x 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 | ZAC4676.00 | x |
| 2018-03-31 | ZAC0.88 | ZAC4676.00 | x |
| 2019-03-31 | ZAC0.21 | ZAC4676.00 | x |
| 2020-03-31 | ZAC0.16 | ZAC4676.00 | x |
| 2021-03-31 | ZAC0.28 | ZAC4676.00 | x |
| 2022-03-31 | ZAC0.37 | ZAC4676.00 | x |
| 2023-03-31 | ZAC0.39 | ZAC4676.00 | x |
| 2024-03-31 | ZAC0.41 | ZAC4676.00 | x |
| 2025-03-31 | ZAC0.42 | ZAC4676.00 | 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: $2,448,893,692
- Average return on equity (ROE) among peers: 17.26%
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 | $812.58 Million |
| African Rainbow Capital Investments Ltd (AIL) | $9.88 Billion | 1.25% | 0.00x | $782.54 Million |
| Astoria Investments Ltd (ARA) | $122.83 Million | -1.36% | 0.00x | $29.62 Million |
| Brait SE (BAT) | $1.18 Billion | -7.29% | 1.30x | $451.62 Million |
| Coronation Fund Managers Ltd (CML) | $2.07 Billion | 30.87% | 30.52x | $915.61 Million |
| EPE Capital Partners Ltd (EPE) | $1.72 Billion | 0.27% | 0.10x | $92.24 Million |
| Huge Group Ltd (HUG) | $1.55 Billion | 33.35% | 0.10x | $13.20 Million |
| PSG Konsult Ltd (KST) | $4.73 Billion | 20.09% | 17.66x | $1.87 Billion |
| Mahube Infrastructure Ltd (MHB) | $592.21 Million | 6.67% | 0.01x | $17.59 Million |
| Ninety One PLC (N91) | $195.64 Million | 71.46% | 43.99x | $1.63 Billion |
About Ninety One Ltd
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