Sun International Ltd
Sun International Limited owns and operates casino, hotel, and resort properties in South Africa. The company offers management services for businesses in the hotel, resort, casino, and gambling industry. It is also involved in the gaming route operation and related activities; online sports betting and gaming business; and letting of retail facilities, as well as operation and letting of enterta… Read more
Sun International Ltd (SUI) - Net Assets
Latest net assets as of June 2025: ZAC3.36 Billion ZAC
Based on the latest financial reports, Sun International Ltd (SUI) has net assets worth ZAC3.36 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 (ZAC13.21 Billion) and total liabilities (ZAC9.85 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 | ZAC3.36 Billion |
| % of Total Assets | 25.42% |
| Annual Growth Rate | -1.44% |
| 5-Year Change | 122.71% |
| 10-Year Change | 232.92% |
| Growth Volatility | 269.5 |
Sun International Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Sun International 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 Sun International Ltd (2001–2024)
The table below shows the annual net assets of Sun International Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC3.26 Billion | +61.99% |
| 2023-12-31 | ZAC2.01 Billion | -1.08% |
| 2022-12-31 | ZAC2.03 Billion | +18.41% |
| 2021-12-31 | ZAC1.72 Billion | +17.37% |
| 2020-12-31 | ZAC1.46 Billion | -65.48% |
| 2019-12-31 | ZAC4.24 Billion | -1.19% |
| 2018-12-31 | ZAC4.29 Billion | +1300.65% |
| 2017-12-31 | ZAC306.00 Million | -53.92% |
| 2016-12-31 | ZAC664.00 Million | -32.11% |
| 2015-12-31 | ZAC978.00 Million | -64.38% |
| 2014-12-31 | ZAC2.75 Billion | +38.13% |
| 2013-12-31 | ZAC1.99 Billion | -49.19% |
| 2012-12-31 | ZAC3.91 Billion | +43.70% |
| 2011-12-31 | ZAC2.72 Billion | -3.34% |
| 2010-12-31 | ZAC2.82 Billion | +8.01% |
| 2009-12-31 | ZAC2.61 Billion | +64.13% |
| 2008-12-31 | ZAC1.59 Billion | +138.95% |
| 2007-12-31 | ZAC665.00 Million | -77.76% |
| 2006-12-31 | ZAC2.99 Billion | -21.84% |
| 2005-12-31 | ZAC3.83 Billion | -4.59% |
| 2004-12-31 | ZAC4.01 Billion | -2.68% |
| 2003-12-31 | ZAC4.12 Billion | +1.24% |
| 2002-12-31 | ZAC4.07 Billion | -10.46% |
| 2001-12-31 | ZAC4.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sun International 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 388.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC5.86 Billion | 206.89% |
| Common Stock | ZAC2.90 Billion | 102.47% |
| Other Comprehensive Income | ZAC-5.42 Billion | -191.56% |
| Total Equity | ZAC2.83 Billion | 100.00% |
Sun International Ltd Competitors by Market Cap
The table below lists competitors of Sun International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Readcloud Ltd
AU:RCL
|
$4.83 Million |
|
Xref Ltd
AU:XF1
|
$4.84 Million |
|
Redcastle Resources Ltd
AU:RC1
|
$4.84 Million |
|
Megachem (Thailand) Public Company Limited
BK:MGT
|
$4.84 Million |
|
Umang Dairies Limited
NSE:UMANGDAIRY
|
$4.83 Million |
|
Stardust Solar Holdings Inc.
V:SUN
|
$4.83 Million |
|
Austral Gold Limited
PINK:AGLDF
|
$4.83 Million |
|
Garibaldi Resources Corp
PINK:GGIFF
|
$4.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sun International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,139,000,000 to 2,831,000,000, a change of 692,000,000 (32.4%).
- Net income of 1,858,000,000 contributed positively to equity growth.
- Dividend payments of 1,092,000,000 reduced retained earnings.
- Share repurchases of 173,000,000 reduced equity.
- Other comprehensive income decreased equity by 829,000,000.
- Other factors increased equity by 928,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC1.86 Billion | +65.63% |
| Dividends Paid | ZAC1.09 Billion | -38.57% |
| Share Repurchases | ZAC173.00 Million | -6.11% |
| Other Comprehensive Income | ZAC-829.00 Million | -29.28% |
| Other Changes | ZAC928.00 Million | +32.78% |
| Total Change | ZAC- | 32.35% |
Book Value vs Market Value Analysis
This analysis compares Sun International 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: 319.67x
- 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 increased from 140.25x to 319.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | ZAC26.35 | ZAC3695.00 | x |
| 2002-12-31 | ZAC22.52 | ZAC3695.00 | x |
| 2003-12-31 | ZAC27.12 | ZAC3695.00 | x |
| 2004-12-31 | ZAC24.34 | ZAC3695.00 | x |
| 2005-12-31 | ZAC17.56 | ZAC3695.00 | x |
| 2006-12-31 | ZAC13.36 | ZAC3695.00 | x |
| 2007-12-31 | ZAC-3.92 | ZAC3695.00 | x |
| 2008-12-31 | ZAC5.31 | ZAC3695.00 | x |
| 2009-12-31 | ZAC10.77 | ZAC3695.00 | x |
| 2010-12-31 | ZAC13.37 | ZAC3695.00 | x |
| 2011-12-31 | ZAC13.15 | ZAC3695.00 | x |
| 2012-12-31 | ZAC19.95 | ZAC3695.00 | x |
| 2013-12-31 | ZAC13.36 | ZAC3695.00 | x |
| 2014-12-31 | ZAC20.68 | ZAC3695.00 | x |
| 2015-12-31 | ZAC-11.55 | ZAC3695.00 | x |
| 2016-12-31 | ZAC-19.41 | ZAC3695.00 | x |
| 2017-12-31 | ZAC-26.50 | ZAC3695.00 | x |
| 2018-12-31 | ZAC18.53 | ZAC3695.00 | x |
| 2019-12-31 | ZAC17.93 | ZAC3695.00 | x |
| 2020-12-31 | ZAC9.80 | ZAC3695.00 | x |
| 2021-12-31 | ZAC7.99 | ZAC3695.00 | x |
| 2022-12-31 | ZAC9.41 | ZAC3695.00 | x |
| 2023-12-31 | ZAC8.71 | ZAC3695.00 | x |
| 2024-12-31 | ZAC11.56 | ZAC3695.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sun International 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): 65.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.78%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 4.77x
- Recent ROE (65.63%) is above the historical average (25.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -14.10% | -68.23% | 0.07x | 2.94x | ZAC-695.76 Million |
| 2002 | 8.09% | 33.34% | 0.08x | 2.95x | ZAC-47.13 Million |
| 2003 | 34.86% | 156.37% | 0.08x | 2.80x | ZAC662.64 Million |
| 2004 | 29.07% | 18.44% | 0.67x | 2.37x | ZAC621.72 Million |
| 2005 | 51.01% | 20.08% | 0.79x | 3.21x | ZAC960.54 Million |
| 2006 | 59.91% | 14.73% | 0.85x | 4.77x | ZAC851.40 Million |
| 2007 | 0.00% | 9.36% | 0.88x | 0.00x | ZAC755.70 Million |
| 2008 | 123.02% | 8.84% | 0.79x | 17.55x | ZAC643.10 Million |
| 2009 | 54.96% | 8.35% | 0.74x | 8.93x | ZAC544.00 Million |
| 2010 | 37.97% | 6.66% | 0.80x | 7.15x | ZAC424.30 Million |
| 2011 | 42.25% | 6.66% | 0.81x | 7.83x | ZAC482.40 Million |
| 2012 | 31.85% | 6.89% | 0.79x | 5.89x | ZAC485.00 Million |
| 2013 | 34.60% | 4.79% | 0.77x | 9.40x | ZAC368.30 Million |
| 2014 | 38.28% | 8.43% | 0.73x | 6.18x | ZAC657.50 Million |
| 2015 | 0.00% | -3.40% | 0.51x | 0.00x | ZAC-278.40 Million |
| 2016 | 0.00% | 1.67% | 0.52x | 0.00x | ZAC437.20 Million |
| 2017 | 0.00% | -1.58% | 0.63x | 0.00x | ZAC16.30 Million |
| 2018 | -0.28% | -0.04% | 0.68x | 9.81x | ZAC-254.80 Million |
| 2019 | 40.33% | 6.13% | 0.73x | 9.01x | ZAC794.90 Million |
| 2020 | -108.10% | -30.62% | 0.45x | 7.80x | ZAC-2.03 Billion |
| 2021 | 13.10% | 3.37% | 0.59x | 6.56x | ZAC62.30 Million |
| 2022 | 23.55% | 4.92% | 0.83x | 5.75x | ZAC319.30 Million |
| 2023 | 56.33% | 9.97% | 0.89x | 6.34x | ZAC991.10 Million |
| 2024 | 65.63% | 14.78% | 0.93x | 4.77x | ZAC1.57 Billion |
Industry Comparison
This section compares Sun International Ltd's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $7,937,186,000
- Average return on equity (ROE) among peers: 7.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sun International Ltd (SUI) | ZAC3.36 Billion | -14.10% | 2.93x | $4.83 Million |
| Tsogo Sun (TSG) | $7.94 Billion | 7.63% | 1.05x | $3.76 Million |