South Ocean Holdings Ltd
South Ocean Holdings Limited, an investment holding company, manufactures and distributes electrical wires in South Africa. It operates through Electrical Cable Manufacturing and Property Investments segments. The company offers bare copper earth wires, general purpose house wires, flat-twin and earth cables, surface wiring products, twin illumination cables, cabtyres, single core flex, solid pan… Read more
South Ocean Holdings Ltd (SOH) - Net Assets
Latest net assets as of June 2025: ZAC639.90 Million ZAC
Based on the latest financial reports, South Ocean Holdings Ltd (SOH) has net assets worth ZAC639.90 Million ZAC as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.36 Billion) and total liabilities (ZAC724.65 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 | ZAC639.90 Million |
| % of Total Assets | 46.89% |
| Annual Growth Rate | 10.33% |
| 5-Year Change | 36.86% |
| 10-Year Change | 19.69% |
| Growth Volatility | 103.36 |
South Ocean Holdings Ltd - Net Assets Trend (2006–2024)
This chart illustrates how South Ocean Holdings 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 South Ocean Holdings Ltd (2006–2024)
The table below shows the annual net assets of South Ocean Holdings Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC681.92 Million | +1.71% |
| 2023-12-31 | ZAC670.43 Million | +12.88% |
| 2022-12-31 | ZAC593.93 Million | +4.70% |
| 2021-12-31 | ZAC567.25 Million | +13.84% |
| 2020-12-31 | ZAC498.27 Million | +5.72% |
| 2019-12-31 | ZAC471.31 Million | -3.58% |
| 2018-12-31 | ZAC488.82 Million | +3.57% |
| 2017-12-31 | ZAC471.95 Million | -10.93% |
| 2016-12-31 | ZAC529.87 Million | -7.00% |
| 2015-12-31 | ZAC569.73 Million | -2.14% |
| 2014-12-31 | ZAC582.16 Million | +6.97% |
| 2013-12-31 | ZAC544.25 Million | -18.14% |
| 2012-12-31 | ZAC664.87 Million | -15.09% |
| 2011-12-31 | ZAC782.99 Million | +6.26% |
| 2010-12-31 | ZAC736.85 Million | +6.83% |
| 2009-12-31 | ZAC689.77 Million | +4.81% |
| 2008-12-31 | ZAC658.12 Million | +2.95% |
| 2007-12-31 | ZAC639.24 Million | +450.46% |
| 2006-12-31 | ZAC116.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to South Ocean Holdings 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 24778400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC247.78 Million | 34.92% |
| Common Stock | ZAC1.74 Million | 0.25% |
| Other Comprehensive Income | ZAC503.00K | 0.07% |
| Other Components | ZAC459.60 Million | 64.77% |
| Total Equity | ZAC709.63 Million | 100.00% |
South Ocean Holdings Ltd Competitors by Market Cap
The table below lists competitors of South Ocean Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Portman Ridge Finance Corp
NASDAQ:PTMN
|
$105.93K |
|
Fresh Harvest Products Inc
PINK:IMTH
|
$105.98K |
|
FOMENTO CONSTR. - Dusseldorf Stock Exchang
DU:FCC
|
$106.03K |
|
Invizyne Technologies Inc. Common Stock
NASDAQ:IZTC
|
$106.10K |
|
JFE HOLDINGS
DU:JFR
|
$105.69K |
|
Montepino Logistica SOCIMI S.A.
PA:MLMTP
|
$105.67K |
|
Dong-Ah Geological Engineering Co. Ltd.
KQ:028100
|
$105.56K |
|
CRESCENT CAP.BDC DL-001
F:487
|
$105.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in South Ocean Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 670,430,000 to 709,630,000, a change of 39,200,000 (5.8%).
- Net income of 33,891,000 contributed positively to equity growth.
- Dividend payments of 22,360,000 reduced retained earnings.
- Other comprehensive income decreased equity by 18,001.
- Other factors increased equity by 27,687,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC33.89 Million | +4.78% |
| Dividends Paid | ZAC22.36 Million | -3.15% |
| Other Comprehensive Income | ZAC-18.00K | -0.0% |
| Other Changes | ZAC27.69 Million | +3.9% |
| Total Change | ZAC- | 5.85% |
Book Value vs Market Value Analysis
This analysis compares South Ocean Holdings 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: 28.07x
- 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 69.53x to 28.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | ZAC1.41 | ZAC98.00 | x |
| 2007-12-31 | ZAC4.93 | ZAC98.00 | x |
| 2008-12-31 | ZAC4.21 | ZAC98.00 | x |
| 2009-12-31 | ZAC4.41 | ZAC98.00 | x |
| 2010-12-31 | ZAC4.71 | ZAC98.00 | x |
| 2011-12-31 | ZAC5.01 | ZAC98.00 | x |
| 2012-12-31 | ZAC4.25 | ZAC98.00 | x |
| 2013-12-31 | ZAC3.48 | ZAC98.00 | x |
| 2014-12-31 | ZAC3.72 | ZAC98.00 | x |
| 2015-12-31 | ZAC3.64 | ZAC98.00 | x |
| 2016-12-31 | ZAC3.39 | ZAC98.00 | x |
| 2017-12-31 | ZAC3.02 | ZAC98.00 | x |
| 2018-12-31 | ZAC2.60 | ZAC98.00 | x |
| 2019-12-31 | ZAC2.32 | ZAC98.00 | x |
| 2020-12-31 | ZAC2.45 | ZAC98.00 | x |
| 2021-12-31 | ZAC2.79 | ZAC98.00 | x |
| 2022-12-31 | ZAC2.93 | ZAC98.00 | x |
| 2023-12-31 | ZAC3.30 | ZAC98.00 | x |
| 2024-12-31 | ZAC3.49 | ZAC98.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently South Ocean Holdings 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): 4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.32%
- • Asset Turnover: 2.08x
- • Equity Multiplier: 1.74x
- Recent ROE (4.78%) is above the historical average (4.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 47.50% | 12.04% | 1.95x | 2.03x | ZAC43.55 Million |
| 2007 | 19.68% | 14.75% | 0.91x | 1.47x | ZAC61.87 Million |
| 2008 | 9.28% | 5.38% | 1.15x | 1.50x | ZAC-4.71 Million |
| 2009 | 4.59% | 3.30% | 1.04x | 1.34x | ZAC-37.32 Million |
| 2010 | 7.12% | 4.61% | 1.17x | 1.32x | ZAC-21.21 Million |
| 2011 | 5.85% | 3.63% | 1.17x | 1.38x | ZAC-32.51 Million |
| 2012 | -17.79% | -8.41% | 1.37x | 1.54x | ZAC-184.77 Million |
| 2013 | -22.31% | -7.18% | 1.78x | 1.74x | ZAC-175.87 Million |
| 2014 | 6.44% | 2.19% | 1.71x | 1.73x | ZAC-20.70 Million |
| 2015 | -2.44% | -0.84% | 1.82x | 1.60x | ZAC-70.89 Million |
| 2016 | -7.39% | -2.20% | 1.88x | 1.78x | ZAC-92.13 Million |
| 2017 | -12.15% | -4.02% | 1.61x | 1.87x | ZAC-104.55 Million |
| 2018 | -0.75% | -0.21% | 2.01x | 1.76x | ZAC-52.55 Million |
| 2019 | -3.65% | -1.11% | 2.21x | 1.50x | ZAC-64.35 Million |
| 2020 | 5.41% | 1.55% | 2.51x | 1.39x | ZAC-22.89 Million |
| 2021 | 13.23% | 3.75% | 2.65x | 1.33x | ZAC18.34 Million |
| 2022 | 7.55% | 2.40% | 2.12x | 1.49x | ZAC-14.58 Million |
| 2023 | 13.22% | 3.75% | 2.18x | 1.62x | ZAC21.59 Million |
| 2024 | 4.78% | 1.32% | 2.08x | 1.74x | ZAC-37.07 Million |
Industry Comparison
This section compares South Ocean Holdings Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,061,100,000
- Average return on equity (ROE) among peers: 28.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| South Ocean Holdings Ltd (SOH) | ZAC639.90 Million | 47.50% | 1.13x | $105.87K |
| Reunert (RLO) | $4.06 Billion | 28.90% | 0.90x | $5.32 Million |