Sun International Ltd (SUI) - Net Assets

Latest as of December 2025: ZAC3.67 Billion ZAC ≈ $1.95 Million USD

Based on the latest financial reports, Sun International Ltd (SUI) has net assets worth ZAC3.67 Billion ZAC (≈ $1.95 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC13.64 Billion ≈ $7.25 Million USD) and total liabilities (ZAC9.98 Billion ≈ $5.30 Million USD). 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. Check Sun International Ltd (SUI) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ZAC3.67 Billion
% of Total Assets	26.87%
Annual Growth Rate	-0.89%
5-Year Change	113.64%
10-Year Change	452.11%
Growth Volatility	263.97

Sun International Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Sun International Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Sun International Ltd.

Annual Net Assets for Sun International Ltd (2001–2025)

The table below shows the annual net assets of Sun International Ltd from 2001 to 2025. Also explore SUI year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	ZAC3.67 Billion ≈ $1.95 Million	+12.59%
2024-12-31	ZAC3.26 Billion ≈ $1.73 Million	+61.99%
2023-12-31	ZAC2.01 Billion ≈ $1.07 Million	-1.08%
2022-12-31	ZAC2.03 Billion ≈ $1.08 Million	+18.41%
2021-12-31	ZAC1.72 Billion ≈ $911.97K	+17.37%
2020-12-31	ZAC1.46 Billion ≈ $776.98K	-65.48%
2019-12-31	ZAC4.24 Billion ≈ $2.25 Million	-1.19%
2018-12-31	ZAC4.29 Billion ≈ $2.28 Million	+1300.65%
2017-12-31	ZAC306.00 Million ≈ $162.62K	-53.92%
2016-12-31	ZAC664.00 Million ≈ $352.88K	-32.11%
2015-12-31	ZAC978.00 Million ≈ $519.76K	-64.38%
2014-12-31	ZAC2.75 Billion ≈ $1.46 Million	+38.13%
2013-12-31	ZAC1.99 Billion ≈ $1.06 Million	-49.19%
2012-12-31	ZAC3.91 Billion ≈ $2.08 Million	+43.70%
2011-12-31	ZAC2.72 Billion ≈ $1.45 Million	-3.34%
2010-12-31	ZAC2.82 Billion ≈ $1.50 Million	+8.01%
2009-12-31	ZAC2.61 Billion ≈ $1.39 Million	+64.13%
2008-12-31	ZAC1.59 Billion ≈ $844.47K	+138.95%
2007-12-31	ZAC665.00 Million ≈ $353.41K	-77.76%
2006-12-31	ZAC2.99 Billion ≈ $1.59 Million	-21.84%
2005-12-31	ZAC3.83 Billion ≈ $2.03 Million	-4.59%
2004-12-31	ZAC4.01 Billion ≈ $2.13 Million	-2.68%
2003-12-31	ZAC4.12 Billion ≈ $2.19 Million	+1.24%
2002-12-31	ZAC4.07 Billion ≈ $2.16 Million	-10.46%
2001-12-31	ZAC4.55 Billion ≈ $2.42 Million	--

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 437.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ZAC6.46 Billion	200.56%
Common Stock	ZAC2.80 Billion	87.01%
Other Comprehensive Income	ZAC-5.52 Billion	-171.36%
Total Equity	ZAC3.22 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
Chengdu M&S Electronics Technology Co Ltd SHG:688311	$592.04 Million
Propert & Buil TA:PTBL	$592.23 Million
Citi Trends Inc NASDAQ:CTRN	$592.75 Million
Yongji Printing Co Ltd SHG:603058	$592.87 Million
Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd SHE:300478	$591.86 Million
Vaalco Energy Inc NYSE:EGY	$591.78 Million
Hefei Lifeon Pharmaceutical Co Ltd SHE:003020	$591.77 Million
Valor Estate Limited NSE:DBREALTY	$591.75 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 2024 to 2025, total equity changed from 2,831,000,000 to 3,219,000,000, a change of 388,000,000 (13.7%).
Net income of 1,776,000,000 contributed positively to equity growth.
Dividend payments of 1,149,000,000 reduced retained earnings.
Share repurchases of 166,000,000 reduced equity.
Other comprehensive income decreased equity by 93,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ZAC1.78 Billion	+55.17%
Dividends Paid	ZAC1.15 Billion	-35.69%
Share Repurchases	ZAC166.00 Million	-5.16%
Other Comprehensive Income	ZAC-93.00 Million	-2.89%
Other Changes	ZAC20.00 Million	+0.62%
Total Change	ZAC-	13.71%

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: 350.28x
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 176.39x to 350.28x 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	ZAC4647.00	x
2002-12-31	ZAC22.52	ZAC4647.00	x
2003-12-31	ZAC27.12	ZAC4647.00	x
2004-12-31	ZAC24.34	ZAC4647.00	x
2005-12-31	ZAC17.56	ZAC4647.00	x
2006-12-31	ZAC13.36	ZAC4647.00	x
2007-12-31	ZAC-3.92	ZAC4647.00	x
2008-12-31	ZAC5.31	ZAC4647.00	x
2009-12-31	ZAC10.77	ZAC4647.00	x
2010-12-31	ZAC13.37	ZAC4647.00	x
2011-12-31	ZAC13.15	ZAC4647.00	x
2012-12-31	ZAC19.95	ZAC4647.00	x
2013-12-31	ZAC13.36	ZAC4647.00	x
2014-12-31	ZAC20.68	ZAC4647.00	x
2015-12-31	ZAC-11.55	ZAC4647.00	x
2016-12-31	ZAC-19.41	ZAC4647.00	x
2017-12-31	ZAC-26.50	ZAC4647.00	x
2018-12-31	ZAC18.53	ZAC4647.00	x
2019-12-31	ZAC17.93	ZAC4647.00	x
2020-12-31	ZAC9.80	ZAC4647.00	x
2021-12-31	ZAC7.99	ZAC4647.00	x
2022-12-31	ZAC9.41	ZAC4647.00	x
2023-12-31	ZAC8.71	ZAC4647.00	x
2024-12-31	ZAC11.56	ZAC4647.00	x
2025-12-31	ZAC13.27	ZAC4647.00	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): 55.17%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.68%
• Asset Turnover: 0.95x
• Equity Multiplier: 4.24x
Recent ROE (55.17%) is above the historical average (26.53%), 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	31.40%	6.79%	0.79x	5.89x	ZAC475.00 Million
2013	34.60%	5.20%	0.71x	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%	1.36%	0.64x	0.00x	ZAC437.20 Million
2017	0.00%	-1.58%	0.63x	0.00x	ZAC16.30 Million
2018	-0.20%	-0.03%	0.68x	9.81x	ZAC-252.80 Million
2019	24.91%	5.52%	0.50x	9.01x	ZAC390.90 Million
2020	-106.65%	-30.21%	0.45x	7.80x	ZAC-2.00 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%	10.07%	0.88x	6.34x	ZAC991.10 Million
2024	65.63%	14.78%	0.93x	4.77x	ZAC1.57 Billion
2025	55.17%	13.68%	0.95x	4.24x	ZAC1.45 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: $5,172,000,000
Average return on equity (ROE) among peers: 24.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sun International Ltd (SUI)	ZAC3.67 Billion	-14.10%	2.72x	$591.93 Million
Tsogo Sun (TSG)	$5.17 Billion	24.05%	1.95x	$373.62 Million

About Sun International Ltd

JSE:SUI South Africa Resorts & Casinos

Market Cap

$591.93 Million

ZAC1.11 Trillion ZAC

Market Cap Rank

#11531 Global

#84 in South Africa

Share Price

ZAC4647.00

Change (1 day)

-3.23%

52-Week Range

ZAC3672.00 - ZAC5528.00

All Time High

ZAC6426.84