Spurcorp

JSE:SUR South Africa Restaurants
Market Cap
$171.67 Million
ZAC323.03 Billion ZAC
Market Cap Rank
#34789 Global
#103 in South Africa
Share Price
ZAC4000.00
Change (1 day)
-2.44%
52-Week Range
ZAC3000.00 - ZAC4317.00
All Time High
ZAC4317.00
Categories
Companies in South Africa Restaurants
About

Spur Corporation Ltd, together with its subsidiaries, operates as a restaurant franchisor in South Africa and internationally. It operates and franchises restaurants under the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas, Casa Bella, Nikos, Doppio Zero, Modern Tailor, and Piza e Vino brands, fast casual brand, RocoMamas and three bespoke sp… Read more

Spurcorp (SUR) - Net Assets

Latest net assets as of June 2025: ZAC925.01 Million ZAC

Based on the latest financial reports, Spurcorp (SUR) has net assets worth ZAC925.01 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 (ZAC1.53 Billion) and total liabilities (ZAC608.93 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 ZAC925.01 Million
% of Total Assets 60.3%
Annual Growth Rate 9.13%
5-Year Change 45.63%
10-Year Change 6.98%
Growth Volatility 41.2

Spurcorp - Net Assets Trend (2002–2025)

This chart illustrates how Spurcorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Spurcorp (2002–2025)

The table below shows the annual net assets of Spurcorp from 2002 to 2025.

Year Net Assets Change
2025-06-30 ZAC925.01 Million +10.77%
2024-06-30 ZAC835.06 Million +11.09%
2023-06-30 ZAC751.71 Million +9.58%
2022-06-30 ZAC686.02 Million +8.00%
2021-06-30 ZAC635.17 Million +18.59%
2020-06-30 ZAC535.62 Million -38.88%
2019-06-30 ZAC876.29 Million -0.19%
2018-06-30 ZAC877.96 Million +4.87%
2017-06-30 ZAC837.18 Million -3.18%
2016-06-30 ZAC864.66 Million +1.24%
2015-06-30 ZAC854.10 Million +64.37%
2014-06-30 ZAC519.62 Million +10.36%
2013-06-30 ZAC470.86 Million +10.63%
2012-06-30 ZAC425.61 Million +4.25%
2011-06-30 ZAC408.24 Million +1.23%
2010-06-30 ZAC403.30 Million -8.05%
2009-06-30 ZAC438.62 Million +0.35%
2008-06-30 ZAC437.10 Million +8.29%
2007-06-30 ZAC403.64 Million +11.30%
2006-06-30 ZAC362.64 Million +190.52%
2005-06-30 ZAC124.83 Million -9.94%
2004-06-30 ZAC138.61 Million +8.13%
2003-06-30 ZAC128.18 Million +3.49%
2002-06-30 ZAC123.87 Million --

Equity Component Analysis

This analysis shows how different components contribute to Spurcorp'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 101826400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings ZAC908.74 Million 100.59%
Common Stock ZAC1.00K 0.00%
Other Comprehensive Income ZAC82.94 Million 9.18%
Total Equity ZAC903.41 Million 100.00%

Spurcorp Competitors by Market Cap

The table below lists competitors of Spurcorp ranked by their market capitalization.

Company Market Cap
CHEVRON - Dusseldorf Stock Exchang
DU:CHV
 		$1.67 Million
Libas Consumer Products Limited
NSE:LIBAS
 		$1.67 Million
SRx Health Solutions Inc.
NYSE MKT:SRXH
 		$1.67 Million
Iris Acquisition Corp
NASDAQ:IRAA
 		$1.67 Million
Wegmans Holdings Berhad
KLSE:0197
 		$1.67 Million
Elevate Service Group Inc.
V:SERV
 		$1.67 Million
QUEST DIAGNOSTICS - Dusseldorf Stock Exchang
DU:QDI
 		$1.67 Million
Zanlakol Ltd
TA:ZNKL
 		$1.67 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Spurcorp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 820,891,000 to 903,409,000, a change of 82,518,000 (10.1%).
  • Net income of 273,067,000 contributed positively to equity growth.
  • Dividend payments of 188,837,000 reduced retained earnings.
  • Share repurchases of 38,763,000 reduced equity.
  • Other comprehensive income increased equity by 14,679,000.
  • Other factors increased equity by 22,372,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC273.07 Million +30.23%
Dividends Paid ZAC188.84 Million -20.9%
Share Repurchases ZAC38.76 Million -4.29%
Other Comprehensive Income ZAC14.68 Million +1.62%
Other Changes ZAC22.37 Million +2.48%
Total Change ZAC- 10.05%

Book Value vs Market Value Analysis

This analysis compares Spurcorp'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: 367.82x
  • 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 3029.77x to 367.82x 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 ZAC1.32 ZAC4000.00 x
2003-06-30 ZAC1.35 ZAC4000.00 x
2004-06-30 ZAC1.48 ZAC4000.00 x
2005-06-30 ZAC1.37 ZAC4000.00 x
2006-06-30 ZAC4.08 ZAC4000.00 x
2007-06-30 ZAC4.40 ZAC4000.00 x
2008-06-30 ZAC4.70 ZAC4000.00 x
2009-06-30 ZAC4.80 ZAC4000.00 x
2010-06-30 ZAC4.44 ZAC4000.00 x
2011-06-30 ZAC4.62 ZAC4000.00 x
2012-06-30 ZAC4.93 ZAC4000.00 x
2013-06-30 ZAC5.54 ZAC4000.00 x
2014-06-30 ZAC6.12 ZAC4000.00 x
2015-06-30 ZAC9.14 ZAC4000.00 x
2016-06-30 ZAC8.86 ZAC4000.00 x
2017-06-30 ZAC8.60 ZAC4000.00 x
2018-06-30 ZAC9.05 ZAC4000.00 x
2019-06-30 ZAC9.08 ZAC4000.00 x
2020-06-30 ZAC6.04 ZAC4000.00 x
2021-06-30 ZAC7.38 ZAC4000.00 x
2022-06-30 ZAC7.99 ZAC4000.00 x
2023-06-30 ZAC9.01 ZAC4000.00 x
2024-06-30 ZAC9.89 ZAC4000.00 x
2025-06-30 ZAC10.87 ZAC4000.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Spurcorp 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): 30.23%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.07%
  • • Asset Turnover: 2.52x
  • • Equity Multiplier: 1.70x
  • Recent ROE (30.23%) is above the historical average (21.62%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 29.72% 26.67% 0.90x 1.24x ZAC24.42 Million
2003 21.58% 17.72% 1.03x 1.18x ZAC14.84 Million
2004 26.82% 20.54% 1.07x 1.22x ZAC23.32 Million
2005 41.66% 25.92% 1.23x 1.31x ZAC39.52 Million
2006 15.89% 31.57% 0.42x 1.21x ZAC21.38 Million
2007 20.29% 37.95% 0.43x 1.25x ZAC41.46 Million
2008 13.91% 20.15% 0.53x 1.30x ZAC16.75 Million
2009 14.85% 19.54% 0.60x 1.27x ZAC20.84 Million
2010 19.64% 22.52% 0.66x 1.33x ZAC38.47 Million
2011 16.72% 16.88% 0.73x 1.36x ZAC27.36 Million
2012 26.46% 22.62% 0.83x 1.40x ZAC70.85 Million
2013 27.75% 20.26% 0.95x 1.44x ZAC84.61 Million
2014 26.03% 18.61% 0.99x 1.41x ZAC83.96 Million
2015 15.06% 16.78% 0.69x 1.31x ZAC42.85 Million
2016 15.95% 21.42% 0.59x 1.25x ZAC50.59 Million
2017 16.26% 20.70% 0.65x 1.20x ZAC51.63 Million
2018 18.28% 23.76% 0.65x 1.19x ZAC71.81 Million
2019 19.07% 17.48% 0.91x 1.20x ZAC78.55 Million
2020 12.69% 8.79% 0.96x 1.51x ZAC14.21 Million
2021 14.89% 13.58% 0.75x 1.46x ZAC30.38 Million
2022 18.01% 5.07% 2.28x 1.56x ZAC53.90 Million
2023 28.74% 6.97% 2.61x 1.58x ZAC138.36 Million
2024 28.46% 6.72% 2.50x 1.69x ZAC151.51 Million
2025 30.23% 7.07% 2.52x 1.70x ZAC182.73 Million

Industry Comparison

This section compares Spurcorp's net assets metrics with peer companies in the Restaurants industry.

Industry Context

  • Industry: Restaurants
  • Average net assets among peers: $1,653,540,000
  • Average return on equity (ROE) among peers: 7.95%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Spurcorp (SUR) ZAC925.01 Million 29.72% 0.66x $1.67 Million
Granprade (GPL) $1.65 Billion 7.95% 0.21x $455.02K