Reinet Investments SCA

JSE:RNI South Africa Asset Management
Market Cap
$5.14 Billion
ZAC9.67 Trillion ZAC
Market Cap Rank
#20906 Global
#17 in South Africa
Share Price
ZAC53215.00
Change (1 day)
-0.41%
52-Week Range
ZAC42960.00 - ZAC59940.00
All Time High
ZAC59940.00
About

Reinet Investments S.C.A. operates as a securitization vehicle in Luxembourg. The company, through its subsidiary, Reinet Fund S.C.A., F.I.S., identifies and invests in assets that offers long term growth. Reinet Investments Manager S.A. operates as a general partner of Reinet Investments S.C.A. The company was formerly known as Richemont S.A. and changed its name to Reinet Investments S.C.A. in … Read more

Reinet Investments SCA (RNI) - Net Assets

Latest net assets as of March 2025: ZAC6.92 Billion ZAC

Based on the latest financial reports, Reinet Investments SCA (RNI) has net assets worth ZAC6.92 Billion ZAC as of March 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC6.92 Billion) and total liabilities (ZAC2.00 Million). 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 ZAC6.92 Billion
% of Total Assets 99.97%
Annual Growth Rate 3.14%
5-Year Change 28.44%
10-Year Change 32.45%
Growth Volatility 11.02

Reinet Investments SCA - Net Assets Trend (2015–2025)

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

Annual Net Assets for Reinet Investments SCA (2015–2025)

The table below shows the annual net assets of Reinet Investments SCA from 2015 to 2025.

Year Net Assets Change
2025-03-31 ZAC6.92 Billion +11.82%
2024-03-31 ZAC6.18 Billion +8.11%
2023-03-31 ZAC5.72 Billion -2.89%
2022-03-31 ZAC5.89 Billion +9.40%
2021-03-31 ZAC5.38 Billion +22.28%
2020-03-31 ZAC4.40 Billion -8.84%
2019-03-31 ZAC4.83 Billion -5.79%
2018-03-31 ZAC5.13 Billion -14.58%
2017-03-31 ZAC6.00 Billion +14.96%
2016-03-31 ZAC5.22 Billion +2.84%
2015-03-31 ZAC5.08 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Reinet Investments SCA'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 49.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings ZAC6.12 Billion 88.58%
Other Components ZAC790.00 Million 11.42%
Total Equity ZAC6.92 Billion 100.00%

Reinet Investments SCA Competitors by Market Cap

The table below lists competitors of Reinet Investments SCA ranked by their market capitalization.

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 6,184,000,000 to 6,915,000,000, a change of 731,000,000 (11.8%).
  • Net income of 795,000,000 contributed positively to equity growth.
  • Dividend payments of 64,000,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC795.00 Million +11.5%
Dividends Paid ZAC64.00 Million -0.93%
Total Change ZAC- 11.82%

Book Value vs Market Value Analysis

This analysis compares Reinet Investments SCA'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: 1398.99x
  • 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 1737.26x to 1398.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-03-31 ZAC30.63 ZAC53215.00 x
2018-03-31 ZAC26.17 ZAC53215.00 x
2019-03-31 ZAC25.30 ZAC53215.00 x
2020-03-31 ZAC23.89 ZAC53215.00 x
2021-03-31 ZAC29.21 ZAC53215.00 x
2022-03-31 ZAC31.99 ZAC53215.00 x
2023-03-31 ZAC31.46 ZAC53215.00 x
2024-03-31 ZAC34.02 ZAC53215.00 x
2025-03-31 ZAC38.04 ZAC53215.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Reinet Investments SCA 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): 11.50%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 99.62%
  • • Asset Turnover: 0.12x
  • • Equity Multiplier: 1.00x
  • Recent ROE (11.50%) is above the historical average (5.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2015 19.54% 99.70% 0.20x 1.00x ZAC484.30 Million
2016 3.35% 98.87% 0.03x 1.00x ZAC-347.10 Million
2017 13.55% 99.75% 0.14x 1.00x ZAC212.80 Million
2018 -16.44% 0.00% -0.16x 1.00x ZAC-1.36 Billion
2019 -3.00% 0.00% -0.03x 1.01x ZAC-628.00 Million
2020 -7.61% 0.00% -0.08x 1.00x ZAC-775.30 Million
2021 18.87% 99.03% 0.19x 1.00x ZAC477.60 Million
2022 10.22% 97.57% 0.10x 1.01x ZAC13.00 Million
2023 -2.10% 0.00% -0.02x 1.00x ZAC-692.00 Million
2024 8.39% 99.43% 0.08x 1.00x ZAC-99.40 Million
2025 11.50% 99.62% 0.12x 1.00x ZAC103.50 Million

Industry Comparison

This section compares Reinet Investments SCA's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $1,944,994,871
  • Average return on equity (ROE) among peers: 21.42%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Reinet Investments SCA (RNI) ZAC6.92 Billion 19.54% 0.00x $53.66 Million
African Rainbow Capital Investments Ltd (AIL) $11.66 Billion 11.48% 0.00x $33.34 Million
Astoria Investments Ltd (ARA) $122.83 Million -1.36% 0.00x $296.19K
Brait SE (BAT) $970.83 Million 29.75% 0.90x $4.70 Million
Coronation Fund Managers Ltd (CML) $1.25 Billion 15.72% 12.91x $9.80 Million
EPE Capital Partners Ltd (EPE) $2.19 Billion 22.60% 0.09x $934.65K
Huge Group Ltd (HUG) $1.63 Billion 4.93% 0.13x $110.97K
PSG Konsult Ltd (KST) $469.73 Million 19.54% 1.04x $17.21 Million
Mahube Infrastructure Ltd (MHB) $585.99 Million 2.04% 0.00x $155.64K
Ninety One PLC (N91) $196.62 Million 64.91% 41.12x $24.76 Million
Ninety One Ltd (NY1) $367.60 Million 44.59% 29.25x $24.39 Million