Safari Investments RSA Ltd
SAFARI is a property investment company listed on the JSE as a Real Estate Investment Trust that specialises in quality commercial investments. Through selective investments in property we create value for all our stakeholders as we strive for sustainable growth and earnings. At Safari we work to unlock value through prudent asset management, yield enhancing acquisitions and sensible development … Read more
Safari Investments RSA Ltd (SAR) - Net Assets
Latest net assets as of June 2025: ZAC3.01 Billion ZAC
Based on the latest financial reports, Safari Investments RSA Ltd (SAR) has net assets worth ZAC3.01 Billion ZAC as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC4.58 Billion) and total liabilities (ZAC1.57 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 | ZAC3.01 Billion |
| % of Total Assets | 65.71% |
| Annual Growth Rate | 9.48% |
| 5-Year Change | 51.86% |
| 10-Year Change | 99.42% |
| Growth Volatility | 19.58 |
Safari Investments RSA Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Safari Investments RSA 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 Safari Investments RSA Ltd (2014–2025)
The table below shows the annual net assets of Safari Investments RSA Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC3.01 Billion | +23.92% |
| 2023-03-31 | ZAC2.43 Billion | +6.80% |
| 2022-03-31 | ZAC2.27 Billion | +5.83% |
| 2021-03-31 | ZAC2.15 Billion | +8.43% |
| 2020-03-31 | ZAC1.98 Billion | -11.75% |
| 2019-03-31 | ZAC2.25 Billion | -12.42% |
| 2018-03-31 | ZAC2.56 Billion | +54.18% |
| 2017-03-31 | ZAC1.66 Billion | +6.91% |
| 2016-03-31 | ZAC1.56 Billion | +3.09% |
| 2015-03-31 | ZAC1.51 Billion | +35.82% |
| 2014-03-31 | ZAC1.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Safari Investments RSA 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 288.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC1.41 Billion | 46.87% |
| Other Components | ZAC1.60 Billion | 53.13% |
| Total Equity | ZAC3.01 Billion | 100.00% |
Safari Investments RSA Ltd Competitors by Market Cap
The table below lists competitors of Safari Investments RSA Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EOG RESOURCES - Dusseldorf Stock Exchang
DU:EO5
|
$1.14 Million |
|
QUALCOMM - Dusseldorf Stock Exchang
DU:QCI
|
$1.14 Million |
|
ALTECH ADV.MAT. NA O.N.
F:AMA
|
$1.14 Million |
|
Staatl. Mineralbrunnen AG
MU:SLB
|
$1.15 Million |
|
Wright Investors Service Holdings Inc
PINK:IWSH
|
$1.14 Million |
|
Nordic Unmanned As
OL:NUMND
|
$1.14 Million |
|
Integritas Viager SA
PA:MLVIE
|
$1.14 Million |
|
Enersize Oy
ST:ENERS
|
$1.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Safari Investments RSA Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2025, total equity changed from 2,429,069,000 to 3,010,052,000, a change of 580,983,000 (23.9%).
- Net income of 554,852,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC554.85 Million | +18.43% |
| Other Changes | ZAC26.13 Million | +0.87% |
| Total Change | ZAC- | 23.92% |
Book Value vs Market Value Analysis
This analysis compares Safari Investments RSA 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: 71.35x
- 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 decreased from 96.57x to 71.35x 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 | ZAC8.70 | ZAC840.00 | x |
| 2018-03-31 | ZAC8.24 | ZAC840.00 | x |
| 2019-03-31 | ZAC7.23 | ZAC840.00 | x |
| 2020-03-31 | ZAC6.38 | ZAC840.00 | x |
| 2021-03-31 | ZAC8.34 | ZAC840.00 | x |
| 2022-03-31 | ZAC8.82 | ZAC840.00 | x |
| 2023-03-31 | ZAC9.43 | ZAC840.00 | x |
| 2025-03-31 | ZAC11.77 | ZAC840.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Safari Investments RSA 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): 18.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 89.82%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.52x
- Recent ROE (18.43%) is above the historical average (10.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.00% | 102.17% | 0.08x | 1.38x | ZAC11.11 Million |
| 2015 | 13.70% | 147.10% | 0.08x | 1.19x | ZAC55.88 Million |
| 2016 | 5.24% | 47.51% | 0.08x | 1.43x | ZAC-74.06 Million |
| 2017 | 9.37% | 76.07% | 0.08x | 1.59x | ZAC-10.43 Million |
| 2018 | 5.12% | 52.82% | 0.08x | 1.15x | ZAC-125.14 Million |
| 2019 | 5.52% | 41.41% | 0.09x | 1.48x | ZAC-100.64 Million |
| 2020 | 5.43% | 31.17% | 0.10x | 1.70x | ZAC-90.55 Million |
| 2021 | 12.45% | 78.08% | 0.10x | 1.65x | ZAC52.66 Million |
| 2022 | 11.16% | 60.98% | 0.11x | 1.60x | ZAC26.29 Million |
| 2023 | 13.29% | 70.67% | 0.12x | 1.57x | ZAC80.01 Million |
| 2025 | 18.43% | 89.82% | 0.13x | 1.52x | ZAC253.85 Million |
Industry Comparison
This section compares Safari Investments RSA Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Safari Investments RSA Ltd (SAR) | ZAC3.01 Billion | 11.00% | 0.52x | $1.14 Million |
| Curro Hol (COH) | $7.21 Billion | 1.46% | 0.71x | $4.28 Million |