PPC Ltd Net Assets
PPC Ltd net assets. Based on the latest financial reports, PPC Ltd (PPC) has net assets worth ZAC6.08 Billion ZAC (≈ $3.23 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC10.11 Billion ≈ $5.37 Million USD) and total liabilities (ZAC4.03 Billion ≈ $2.14 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. Also explore PPC year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC6.08 Billion |
| % of Total Assets | 60.14% |
| Annual Growth Rate | 4.48% |
| 5-Year Change | -12.05% |
| 10-Year Change | -27.51% |
| Growth Volatility | 35.05 |
Net Assets of PPC Ltd (2002–2026)
Net assets of PPC Ltd from 2002 to 2026. This chart illustrates how PPC Ltd's net assets have evolved over time, based on quarterly financial data. See PPC Ltd (PPC) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for PPC Ltd (2002–2026)
The table below shows the annual net assets of PPC Ltd from 2002 to 2026. For live market cap and overall valuation, see PPC market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | ZAC6.08 Billion ≈ $3.23 Million |
+6.86% |
| 2025-03-31 | ZAC5.69 Billion ≈ $3.02 Million |
-3.54% |
| 2024-03-31 | ZAC5.90 Billion ≈ $3.13 Million |
-7.02% |
| 2023-03-31 | ZAC6.34 Billion ≈ $3.37 Million |
-8.23% |
| 2022-03-31 | ZAC6.91 Billion ≈ $3.67 Million |
+2.69% |
| 2021-03-31 | ZAC6.73 Billion ≈ $3.58 Million |
-10.90% |
| 2020-03-31 | ZAC7.55 Billion ≈ $4.01 Million |
-19.13% |
| 2019-03-31 | ZAC9.34 Billion ≈ $4.96 Million |
+18.41% |
| 2018-03-31 | ZAC7.89 Billion ≈ $4.19 Million |
-5.93% |
| 2017-03-31 | ZAC8.38 Billion ≈ $4.46 Million |
+135.34% |
| 2016-03-31 | ZAC3.56 Billion ≈ $1.89 Million |
+12.61% |
| 2015-03-31 | ZAC3.16 Billion ≈ $1.68 Million |
+30.85% |
| 2014-03-31 | ZAC2.42 Billion ≈ $1.29 Million |
+12.89% |
| 2013-03-31 | ZAC2.14 Billion ≈ $1.14 Million |
+82.14% |
| 2012-03-31 | ZAC1.18 Billion ≈ $624.98K |
+23.14% |
| 2011-03-31 | ZAC955.00 Million ≈ $507.53K |
+11.31% |
| 2010-03-31 | ZAC858.00 Million ≈ $455.98K |
-6.23% |
| 2009-03-31 | ZAC915.00 Million ≈ $486.28K |
-46.58% |
| 2008-03-31 | ZAC1.71 Billion ≈ $910.37K |
-27.08% |
| 2007-03-31 | ZAC2.35 Billion ≈ $1.25 Million |
+6.61% |
| 2006-03-31 | ZAC2.20 Billion ≈ $1.17 Million |
+8.70% |
| 2005-03-31 | ZAC2.03 Billion ≈ $1.08 Million |
-13.68% |
| 2004-03-31 | ZAC2.35 Billion ≈ $1.25 Million |
+9.86% |
| 2003-03-31 | ZAC2.14 Billion ≈ $1.14 Million |
+0.75% |
| 2002-03-31 | ZAC2.12 Billion ≈ $1.13 Million |
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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 583.6% over the analyzed period, indicating profitable operations and earnings retention.
PPC Ltd Net Assets Breakdown (March 2026)
PPC Ltd net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC9.16 Billion | 148.81% |
| Common Stock | ZAC4.34 Billion | 70.58% |
| Other Comprehensive Income | ZAC-7.35 Billion | -119.38% |
| Total Equity | ZAC6.16 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 |
|---|---|
|
Man Industries (India) Limited
NSE:MANINDS
|
$647.09 Million |
|
Drugs Made In America Acquisition II Corp. Ordinary Shares
NASDAQ:DMII
|
$647.19 Million |
|
Wave Life Sciences Ltd
NASDAQ:WVE
|
$647.43 Million |
|
Newonder Special Electric Co.Ltd
SHE:301120
|
$647.89 Million |
|
Guangdong Greenway Technology Co Ltd
SHG:688345
|
$646.82 Million |
|
Kura Oncology Inc
NASDAQ:KURA
|
$646.74 Million |
|
MCAN Mortgage Corporation
TO:MKP
|
$646.69 Million |
|
Turkiye Sinai Kalkinma Bankasi AS
IS:TSKB
|
$646.57 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 2025 to 2026, total equity changed from 5,763,000,000 to 6,155,000,000, a change of 392,000,000 (6.8%).
- Net income of 830,000,000 contributed positively to equity growth.
- Dividend payments of 262,000,000 reduced retained earnings.
- Share repurchases of 87,000,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income decreased equity by 147,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC830.00 Million | +13.48% |
| Dividends Paid | ZAC262.00 Million | -4.26% |
| Share Repurchases | ZAC87.00 Million | -1.41% |
| Share Issuances | ZAC1.00 Million | +0.02% |
| Other Comprehensive Income | ZAC-147.00 Million | -2.39% |
| Other Changes | ZAC57.00 Million | +0.93% |
| Total Change | ZAC- | 6.80% |
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: 198.53x
- 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 3150.13x to 198.53x 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 | ZAC830.00 | x |
| 2003-03-31 | ZAC0.26 | ZAC830.00 | x |
| 2004-03-31 | ZAC0.29 | ZAC830.00 | x |
| 2005-03-31 | ZAC2.46 | ZAC830.00 | x |
| 2006-03-31 | ZAC2.73 | ZAC830.00 | x |
| 2007-03-31 | ZAC2.91 | ZAC830.00 | x |
| 2008-03-31 | ZAC2.15 | ZAC830.00 | x |
| 2009-03-31 | ZAC1.24 | ZAC830.00 | x |
| 2010-03-31 | ZAC1.19 | ZAC830.00 | x |
| 2011-03-31 | ZAC1.22 | ZAC830.00 | x |
| 2012-03-31 | ZAC1.48 | ZAC830.00 | x |
| 2013-03-31 | ZAC1.96 | ZAC830.00 | x |
| 2014-03-31 | ZAC2.27 | ZAC830.00 | x |
| 2015-03-31 | ZAC3.30 | ZAC830.00 | x |
| 2016-03-31 | ZAC4.66 | ZAC830.00 | x |
| 2017-03-31 | ZAC7.01 | ZAC830.00 | x |
| 2018-03-31 | ZAC5.07 | ZAC830.00 | x |
| 2019-03-31 | ZAC6.01 | ZAC830.00 | x |
| 2020-03-31 | ZAC5.16 | ZAC830.00 | x |
| 2021-03-31 | ZAC4.54 | ZAC830.00 | x |
| 2022-03-31 | ZAC4.56 | ZAC830.00 | x |
| 2023-03-31 | ZAC3.76 | ZAC830.00 | x |
| 2024-03-31 | ZAC3.98 | ZAC830.00 | x |
| 2025-03-31 | ZAC3.92 | ZAC830.00 | x |
| 2026-03-31 | ZAC4.18 | ZAC830.00 | 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): 13.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.09%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.64x
- Recent ROE (13.48%) is below the historical average (36.81%), 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 |
| 2026 | 13.48% | 8.09% | 1.01x | 1.64x | ZAC214.50 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: $515,717,935
- Average return on equity (ROE) among peers: 31.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPC Ltd (PPC) | ZAC6.08 Billion | 27.26% | 0.66x | $647.09 Million |
| Afrimat (AFT) | $464.90 Million | 20.52% | 0.42x | $307.18 Million |
| Brikor Ltd (BIK) | $46.85 Million | 70.11% | 3.93x | $7.43 Million |
| Sephaku Holdings Ltd (SEP) | $1.04 Billion | 4.27% | 0.26x | $24.60 Million |
About 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, sand and crushed stones, road layer materials, and special aggregate-related products. The company was formerly known as Pretoria Portland Cement Company Ltd. and changed its name to PPC Ltd in Octobe… Read more