Sasfin
Sasfin Holdings Limited operates as a bank controlling company that provides various financial products and services primarily in South Africa. It operates through Asset Finance, Business and Commercial Banking, and Wealth segments. The company offers business banking, which includes investment accounts, transactional banking, treasury, forex, debt capital market, and equipment finance services. … Read more
Sasfin (SFN) - Net Assets
Latest net assets as of June 2024: ZAC1.59 Billion ZAC
Based on the latest financial reports, Sasfin (SFN) has net assets worth ZAC1.59 Billion ZAC as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC12.86 Billion) and total liabilities (ZAC11.27 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 | ZAC1.59 Billion |
| % of Total Assets | 12.38% |
| Annual Growth Rate | 11.29% |
| 5-Year Change | -7.58% |
| 10-Year Change | 10.73% |
| Growth Volatility | 18.77 |
Sasfin - Net Assets Trend (2003–2024)
This chart illustrates how Sasfin's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sasfin (2003–2024)
The table below shows the annual net assets of Sasfin from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | ZAC1.59 Billion | -3.75% |
| 2023-06-30 | ZAC1.65 Billion | -1.74% |
| 2022-06-30 | ZAC1.68 Billion | +4.82% |
| 2021-06-30 | ZAC1.61 Billion | -6.78% |
| 2020-06-30 | ZAC1.72 Billion | -3.06% |
| 2019-06-30 | ZAC1.78 Billion | +2.04% |
| 2018-06-30 | ZAC1.74 Billion | +4.97% |
| 2017-06-30 | ZAC1.66 Billion | +3.93% |
| 2016-06-30 | ZAC1.60 Billion | +11.01% |
| 2015-06-30 | ZAC1.44 Billion | +8.87% |
| 2014-06-30 | ZAC1.32 Billion | +7.68% |
| 2013-06-30 | ZAC1.23 Billion | +3.94% |
| 2012-06-30 | ZAC1.18 Billion | +6.43% |
| 2011-06-30 | ZAC1.11 Billion | +4.23% |
| 2010-06-30 | ZAC1.06 Billion | +21.93% |
| 2009-06-30 | ZAC872.58 Million | +8.97% |
| 2008-06-30 | ZAC800.76 Million | +14.80% |
| 2007-06-30 | ZAC697.51 Million | +16.25% |
| 2006-06-30 | ZAC599.99 Million | +58.35% |
| 2005-06-30 | ZAC378.91 Million | +68.49% |
| 2004-06-30 | ZAC224.88 Million | +33.53% |
| 2003-06-30 | ZAC168.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sasfin'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 146728700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC1.47 Billion | 92.14% |
| Common Stock | ZAC323.00K | 0.02% |
| Other Components | ZAC124.85 Million | 7.84% |
| Total Equity | ZAC1.59 Billion | 100.00% |
Sasfin Competitors by Market Cap
The table below lists competitors of Sasfin ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BANK PEKAO (BP1.SG)
STU:BP1
|
$458.00K |
|
ROSENBAUER INTERNAT - Dusseldorf Stock Exchang
DU:ROI
|
$458.39K |
|
Mednow Inc
PINK:MDNWF
|
$458.45K |
|
Metair
JSE:MTA
|
$458.88K |
|
Endexx Corp
PINK:EDXC
|
$457.48K |
|
Ecoclime Group AB Series B
ST:ECC-B
|
$457.44K |
|
Emailul SA
RO:EMAI
|
$457.27K |
|
Iocaste Ventures Inc.
V:ICY-P
|
$456.85K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sasfin's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,654,473,000 to 1,592,458,000, a change of -62,015,000 (-3.7%).
- Net loss of 91,829,000 reduced equity.
- Share repurchases of 1,920,000 reduced equity.
- Other factors increased equity by 31,734,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC-91.83 Million | -5.77% |
| Share Repurchases | ZAC1.92 Million | -0.12% |
| Other Changes | ZAC31.73 Million | +1.99% |
| Total Change | ZAC- | -3.75% |
Book Value vs Market Value Analysis
This analysis compares Sasfin'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: 20.07x
- 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 155.69x to 20.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-06-30 | ZAC6.68 | ZAC1040.00 | x |
| 2003-06-30 | ZAC179.79 | ZAC1040.00 | x |
| 2004-06-30 | ZAC8.20 | ZAC1040.00 | x |
| 2005-06-30 | ZAC13.47 | ZAC1040.00 | x |
| 2006-06-30 | ZAC19.60 | ZAC1040.00 | x |
| 2007-06-30 | ZAC22.82 | ZAC1040.00 | x |
| 2008-06-30 | ZAC27.87 | ZAC1040.00 | x |
| 2009-06-30 | ZAC29.59 | ZAC1040.00 | x |
| 2010-06-30 | ZAC34.65 | ZAC1040.00 | x |
| 2011-06-30 | ZAC33.90 | ZAC1040.00 | x |
| 2012-06-30 | ZAC36.04 | ZAC1040.00 | x |
| 2013-06-30 | ZAC38.13 | ZAC1040.00 | x |
| 2014-06-30 | ZAC41.62 | ZAC1040.00 | x |
| 2015-06-30 | ZAC45.32 | ZAC1040.00 | x |
| 2016-06-30 | ZAC50.31 | ZAC1040.00 | x |
| 2017-06-30 | ZAC52.21 | ZAC1040.00 | x |
| 2018-06-30 | ZAC54.22 | ZAC1040.00 | x |
| 2019-06-30 | ZAC55.09 | ZAC1040.00 | x |
| 2020-06-30 | ZAC53.51 | ZAC1040.00 | x |
| 2021-06-30 | ZAC49.90 | ZAC1040.00 | x |
| 2022-06-30 | ZAC54.72 | ZAC1040.00 | x |
| 2023-06-30 | ZAC53.76 | ZAC1040.00 | x |
| 2024-06-30 | ZAC51.82 | ZAC1040.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sasfin 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): -5.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.77%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.08x
- Recent ROE (-5.77%) is below the historical average (14.25%), 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 | 22.81% | 14.48% | 0.21x | 7.54x | ZAC19.96 Million |
| 2003 | 14.18% | 11.03% | 0.16x | 7.93x | ZAC6.56 Million |
| 2004 | 29.22% | 22.95% | 0.20x | 6.45x | ZAC40.84 Million |
| 2005 | 25.23% | 28.96% | 0.18x | 4.84x | ZAC55.16 Million |
| 2006 | 32.87% | 37.06% | 0.20x | 4.50x | ZAC121.54 Million |
| 2007 | 27.61% | 33.30% | 0.21x | 3.98x | ZAC109.31 Million |
| 2008 | 24.25% | 31.40% | 0.20x | 3.91x | ZAC108.37 Million |
| 2009 | 23.21% | 29.94% | 0.20x | 3.83x | ZAC107.57 Million |
| 2010 | 13.30% | 22.26% | 0.18x | 3.39x | ZAC34.55 Million |
| 2011 | 10.42% | 18.64% | 0.14x | 4.00x | ZAC4.61 Million |
| 2012 | 10.95% | 19.56% | 0.12x | 4.71x | ZAC11.02 Million |
| 2013 | 12.20% | 19.86% | 0.12x | 5.10x | ZAC27.04 Million |
| 2014 | 12.40% | 18.43% | 0.11x | 6.18x | ZAC31.67 Million |
| 2015 | 13.42% | 20.17% | 0.09x | 7.56x | ZAC49.15 Million |
| 2016 | 14.96% | 19.95% | 0.11x | 6.89x | ZAC79.13 Million |
| 2017 | 11.60% | 16.46% | 0.09x | 7.62x | ZAC26.46 Million |
| 2018 | 7.51% | 10.70% | 0.09x | 8.24x | ZAC-43.29 Million |
| 2019 | 9.19% | 15.19% | 0.07x | 8.23x | ZAC-14.36 Million |
| 2020 | -2.62% | -4.06% | 0.08x | 8.13x | ZAC-217.45 Million |
| 2021 | 4.83% | 6.79% | 0.09x | 7.57x | ZAC-82.98 Million |
| 2022 | 9.32% | 11.98% | 0.10x | 7.79x | ZAC-11.40 Million |
| 2023 | 6.58% | 7.64% | 0.10x | 8.47x | ZAC-56.62 Million |
| 2024 | -5.77% | -11.77% | 0.06x | 8.08x | ZAC-251.07 Million |
Industry Comparison
This section compares Sasfin's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $43,183,475,800
- Average return on equity (ROE) among peers: 15.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sasfin (SFN) | ZAC1.59 Billion | 22.81% | 7.08x | $457.92K |
| Absa Group Ltd (ABG) | $132.30 Billion | 4.89% | 10.57x | $91.91 Million |
| ABSA Bank Limited (ABSP) | $58.93 Billion | 15.78% | 12.81x | $473.44K |
| Capitec Bank Holdings Ltd (CPI) | $1.73 Billion | 26.00% | 4.49x | $286.37 Million |
| Investec Ltd (INL) | $3.96 Billion | 10.62% | 11.86x | $62.98 Million |
| RMB Holdings Ltd (RMH) | $19.00 Billion | 18.51% | 0.03x | $347.93K |