PPC Ltd
PPC Ltd, together with its subsidiaries, engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe. It also provides premixes, stone, sand, road layer materials, and special aggregate-related products. The company was formerly known as Pretoria Portland Cement Company Limited and changed its name to PPC Ltd in October 2012. P… Read more
PPC Ltd (PPC) - Net Assets
Latest net assets as of September 2025: ZAC5.60 Billion ZAC
Based on the latest financial reports, PPC Ltd (PPC) has net assets worth ZAC5.60 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 (ZAC9.04 Billion) and total liabilities (ZAC3.45 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 | ZAC5.60 Billion |
| % of Total Assets | 61.88% |
| Annual Growth Rate | 4.38% |
| 5-Year Change | -15.48% |
| 10-Year Change | 59.64% |
| Growth Volatility | 35.8 |
PPC Ltd - Net Assets Trend (2002–2025)
This chart illustrates how PPC Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PPC Ltd (2002–2025)
The table below shows the annual net assets of PPC Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC5.69 Billion | -3.54% |
| 2024-03-31 | ZAC5.90 Billion | -7.02% |
| 2023-03-31 | ZAC6.34 Billion | -8.23% |
| 2022-03-31 | ZAC6.91 Billion | +2.69% |
| 2021-03-31 | ZAC6.73 Billion | -10.90% |
| 2020-03-31 | ZAC7.55 Billion | -19.13% |
| 2019-03-31 | ZAC9.34 Billion | +18.41% |
| 2018-03-31 | ZAC7.89 Billion | -5.93% |
| 2017-03-31 | ZAC8.38 Billion | +135.34% |
| 2016-03-31 | ZAC3.56 Billion | +12.61% |
| 2015-03-31 | ZAC3.16 Billion | +30.85% |
| 2014-03-31 | ZAC2.42 Billion | +12.89% |
| 2013-03-31 | ZAC2.14 Billion | +82.14% |
| 2012-03-31 | ZAC1.18 Billion | +23.14% |
| 2011-03-31 | ZAC955.00 Million | +11.31% |
| 2010-03-31 | ZAC858.00 Million | -6.23% |
| 2009-03-31 | ZAC915.00 Million | -46.58% |
| 2008-03-31 | ZAC1.71 Billion | -27.08% |
| 2007-03-31 | ZAC2.35 Billion | +6.61% |
| 2006-03-31 | ZAC2.20 Billion | +8.70% |
| 2005-03-31 | ZAC2.03 Billion | -13.68% |
| 2004-03-31 | ZAC2.35 Billion | +9.86% |
| 2003-03-31 | ZAC2.14 Billion | +0.75% |
| 2002-03-31 | ZAC2.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PPC 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 540.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC8.59 Billion | 148.97% |
| Common Stock | ZAC4.38 Billion | 75.98% |
| Total Equity | ZAC5.76 Billion | 100.00% |
PPC Ltd Competitors by Market Cap
The table below lists competitors of PPC Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Utica
PINK:BKUT
|
$4.65 Million |
|
Conneqt Health Limited
AU:CQT
|
$4.66 Million |
|
Flow Beverage Corp
OTCQX:FLWBF
|
$4.66 Million |
|
Nauticus Robotics Inc.
NASDAQ:KITT
|
$4.66 Million |
|
Monumental Energy Corp.
V:MNRG
|
$4.65 Million |
|
MEGLIOQUESTO S.P.A.
F:7V60
|
$4.65 Million |
|
Jupiter Gold Corporation
PINK:JUPGF
|
$4.65 Million |
|
Xtrackers Physical Gold ETC USD
SW:XGLD
|
$4.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PPC Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,970,000,000 to 5,763,000,000, a change of -207,000,000 (-3.5%).
- Net income of 466,000,000 contributed positively to equity growth.
- Dividend payments of 703,000,000 reduced retained earnings.
- Share repurchases of 10,000,000 reduced equity.
- New share issuances of 5,000,000 increased equity.
- Other comprehensive income increased equity by 7,204,000,000.
- Other factors decreased equity by 7,169,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC466.00 Million | +8.09% |
| Dividends Paid | ZAC703.00 Million | -12.2% |
| Share Repurchases | ZAC10.00 Million | -0.17% |
| Share Issuances | ZAC5.00 Million | +0.09% |
| Other Comprehensive Income | ZAC7.20 Billion | +125.0% |
| Other Changes | ZAC-7.17 Billion | -124.4% |
| Total Change | ZAC- | -3.47% |
Book Value vs Market Value Analysis
This analysis compares PPC 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: 146.46x
- 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 2178.52x to 146.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | ZAC0.26 | ZAC574.00 | x |
| 2003-03-31 | ZAC0.26 | ZAC574.00 | x |
| 2004-03-31 | ZAC0.29 | ZAC574.00 | x |
| 2005-03-31 | ZAC2.46 | ZAC574.00 | x |
| 2006-03-31 | ZAC2.73 | ZAC574.00 | x |
| 2007-03-31 | ZAC2.91 | ZAC574.00 | x |
| 2008-03-31 | ZAC2.15 | ZAC574.00 | x |
| 2009-03-31 | ZAC1.24 | ZAC574.00 | x |
| 2010-03-31 | ZAC1.19 | ZAC574.00 | x |
| 2011-03-31 | ZAC1.22 | ZAC574.00 | x |
| 2012-03-31 | ZAC1.48 | ZAC574.00 | x |
| 2013-03-31 | ZAC1.96 | ZAC574.00 | x |
| 2014-03-31 | ZAC2.27 | ZAC574.00 | x |
| 2015-03-31 | ZAC3.30 | ZAC574.00 | x |
| 2016-03-31 | ZAC4.66 | ZAC574.00 | x |
| 2017-03-31 | ZAC7.01 | ZAC574.00 | x |
| 2018-03-31 | ZAC5.07 | ZAC574.00 | x |
| 2019-03-31 | ZAC6.01 | ZAC574.00 | x |
| 2020-03-31 | ZAC5.16 | ZAC574.00 | x |
| 2021-03-31 | ZAC4.54 | ZAC574.00 | x |
| 2022-03-31 | ZAC4.56 | ZAC574.00 | x |
| 2023-03-31 | ZAC3.76 | ZAC574.00 | x |
| 2024-03-31 | ZAC3.98 | ZAC574.00 | x |
| 2025-03-31 | ZAC3.92 | ZAC574.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PPC 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): 8.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.72%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 1.56x
- Recent ROE (8.09%) is below the historical average (37.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 27.26% | 23.08% | 0.73x | 1.62x | ZAC366.10 Million |
| 2003 | 29.07% | 20.60% | 0.86x | 1.63x | ZAC407.50 Million |
| 2004 | 33.87% | 22.97% | 0.97x | 1.53x | ZAC556.92 Million |
| 2005 | 48.21% | 24.08% | 1.22x | 1.64x | ZAC758.41 Million |
| 2006 | 55.11% | 25.91% | 1.08x | 1.98x | ZAC993.97 Million |
| 2007 | 60.83% | 25.67% | 1.14x | 2.08x | ZAC1.19 Billion |
| 2008 | 87.51% | 23.99% | 1.38x | 2.65x | ZAC1.33 Billion |
| 2009 | 123.28% | 16.63% | 1.17x | 6.36x | ZAC1.04 Billion |
| 2010 | 129.60% | 16.34% | 1.11x | 7.12x | ZAC1.03 Billion |
| 2011 | 90.58% | 12.67% | 1.06x | 6.72x | ZAC769.50 Million |
| 2012 | 71.94% | 11.52% | 1.06x | 5.87x | ZAC728.40 Million |
| 2013 | 59.53% | 11.20% | 0.94x | 5.68x | ZAC774.60 Million |
| 2014 | 46.28% | 9.29% | 0.78x | 6.38x | ZAC658.50 Million |
| 2015 | 26.41% | 7.56% | 0.60x | 5.77x | ZAC433.70 Million |
| 2016 | 15.55% | 4.88% | 0.59x | 5.41x | ZAC168.20 Million |
| 2017 | 1.16% | 0.96% | 0.53x | 2.24x | ZAC-712.10 Million |
| 2018 | 1.92% | 1.45% | 0.63x | 2.09x | ZAC-627.80 Million |
| 2019 | 2.55% | 2.26% | 0.58x | 1.93x | ZAC-687.50 Million |
| 2020 | -30.69% | -23.32% | 0.60x | 2.20x | ZAC-3.17 Billion |
| 2021 | 14.86% | 11.45% | 0.57x | 2.30x | ZAC334.70 Million |
| 2022 | -0.30% | -0.21% | 0.66x | 2.11x | ZAC-724.20 Million |
| 2023 | -2.60% | -1.50% | 0.94x | 1.83x | ZAC-721.50 Million |
| 2024 | 6.80% | 4.04% | 1.05x | 1.60x | ZAC-191.00 Million |
| 2025 | 8.09% | 4.72% | 1.09x | 1.56x | ZAC-110.30 Million |
Industry Comparison
This section compares PPC Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $647,067,449
- Average return on equity (ROE) among peers: 11.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPC Ltd (PPC) | ZAC5.60 Billion | 27.26% | 0.62x | $4.65 Million |
| Afrimat (AFT) | $493.77 Million | 11.77% | 0.53x | $3.19 Million |
| Brikor Ltd (BIK) | $412.04 Million | 17.73% | 0.28x | $43.70K |
| Sephaku Holdings Ltd (SEP) | $1.04 Billion | 4.27% | 0.26x | $229.12K |