Spurcorp Net Assets
Spurcorp net assets. Based on the latest financial reports, Spurcorp (SUR) has net assets worth ZAC885.27 Million ZAC (≈ $470.48K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.51 Billion ≈ $801.57K USD) and total liabilities (ZAC623.00 Million ≈ $331.09K 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. Also explore net asset growth rate of Spurcorp to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC885.27 Million |
| % of Total Assets | 58.69% |
| Annual Growth Rate | 9.13% |
| 5-Year Change | 45.63% |
| 10-Year Change | 6.98% |
| Growth Volatility | 41.2 |
Net Assets of Spurcorp (2002–2025)
Net assets of Spurcorp from 2002 to 2025. This chart illustrates how Spurcorp's net assets have evolved over time, based on quarterly financial data. See Spurcorp (SUR) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Spurcorp (2002–2025)
The table below shows the annual net assets of Spurcorp from 2002 to 2025. For live market cap and overall valuation, see SUR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ZAC925.01 Million ≈ $491.59K |
+10.77% |
| 2024-06-30 | ZAC835.06 Million ≈ $443.79K |
+11.09% |
| 2023-06-30 | ZAC751.71 Million ≈ $399.49K |
+9.58% |
| 2022-06-30 | ZAC686.02 Million ≈ $364.58K |
+8.00% |
| 2021-06-30 | ZAC635.17 Million ≈ $337.56K |
+18.59% |
| 2020-06-30 | ZAC535.62 Million ≈ $284.65K |
-38.88% |
| 2019-06-30 | ZAC876.29 Million ≈ $465.71K |
-0.19% |
| 2018-06-30 | ZAC877.96 Million ≈ $466.59K |
+4.87% |
| 2017-06-30 | ZAC837.18 Million ≈ $444.92K |
-3.18% |
| 2016-06-30 | ZAC864.66 Million ≈ $459.52K |
+1.24% |
| 2015-06-30 | ZAC854.10 Million ≈ $453.91K |
+64.37% |
| 2014-06-30 | ZAC519.62 Million ≈ $276.15K |
+10.36% |
| 2013-06-30 | ZAC470.86 Million ≈ $250.24K |
+10.63% |
| 2012-06-30 | ZAC425.61 Million ≈ $226.19K |
+4.25% |
| 2011-06-30 | ZAC408.24 Million ≈ $216.96K |
+1.23% |
| 2010-06-30 | ZAC403.30 Million ≈ $214.33K |
-8.05% |
| 2009-06-30 | ZAC438.62 Million ≈ $233.10K |
+0.35% |
| 2008-06-30 | ZAC437.10 Million ≈ $232.30K |
+8.29% |
| 2007-06-30 | ZAC403.64 Million ≈ $214.51K |
+11.30% |
| 2006-06-30 | ZAC362.64 Million ≈ $192.72K |
+190.52% |
| 2005-06-30 | ZAC124.83 Million ≈ $66.34K |
-9.94% |
| 2004-06-30 | ZAC138.61 Million ≈ $73.66K |
+8.13% |
| 2003-06-30 | ZAC128.18 Million ≈ $68.12K |
+3.49% |
| 2002-06-30 | ZAC123.87 Million ≈ $65.83K |
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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.
Spurcorp Net Assets Breakdown (June 2025)
Spurcorp net assets breakdown by equity component as of 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 |
|---|---|
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
$179.00 Million |
|
LIFELINE SPAC I OYJ A EO1
F:0CD
|
$179.00 Million |
|
Venus Remedies Limited
NSE:VENUSREM
|
$179.05 Million |
|
Guolian Securities Co. Ltd
F:34V
|
$179.05 Million |
|
Apogee Acquisition Corp Class A Ordinary Shares
NASDAQ:AACP
|
$178.97 Million |
|
Vuzix Corp Cmn Stk
NASDAQ:VUZI
|
$178.96 Million |
|
Franklin Covey Company
NYSE:FC
|
$178.89 Million |
|
Gwangjushinseg
KO:037710
|
$178.84 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: 381.61x
- 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 3143.38x to 381.61x 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 | ZAC4150.00 | x |
| 2003-06-30 | ZAC1.35 | ZAC4150.00 | x |
| 2004-06-30 | ZAC1.48 | ZAC4150.00 | x |
| 2005-06-30 | ZAC1.37 | ZAC4150.00 | x |
| 2006-06-30 | ZAC4.08 | ZAC4150.00 | x |
| 2007-06-30 | ZAC4.40 | ZAC4150.00 | x |
| 2008-06-30 | ZAC4.70 | ZAC4150.00 | x |
| 2009-06-30 | ZAC4.80 | ZAC4150.00 | x |
| 2010-06-30 | ZAC4.44 | ZAC4150.00 | x |
| 2011-06-30 | ZAC4.62 | ZAC4150.00 | x |
| 2012-06-30 | ZAC4.93 | ZAC4150.00 | x |
| 2013-06-30 | ZAC5.54 | ZAC4150.00 | x |
| 2014-06-30 | ZAC6.12 | ZAC4150.00 | x |
| 2015-06-30 | ZAC9.14 | ZAC4150.00 | x |
| 2016-06-30 | ZAC8.86 | ZAC4150.00 | x |
| 2017-06-30 | ZAC8.60 | ZAC4150.00 | x |
| 2018-06-30 | ZAC9.05 | ZAC4150.00 | x |
| 2019-06-30 | ZAC9.08 | ZAC4150.00 | x |
| 2020-06-30 | ZAC6.04 | ZAC4150.00 | x |
| 2021-06-30 | ZAC7.38 | ZAC4150.00 | x |
| 2022-06-30 | ZAC7.99 | ZAC4150.00 | x |
| 2023-06-30 | ZAC9.01 | ZAC4150.00 | x |
| 2024-06-30 | ZAC9.89 | ZAC4150.00 | x |
| 2025-06-30 | ZAC10.87 | ZAC4150.00 | 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: $1,851,937,000
- Average return on equity (ROE) among peers: -1.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spurcorp (SUR) | ZAC885.27 Million | 29.72% | 0.70x | $178.97 Million |
| Granprade (GPL) | $1.85 Billion | -1.95% | 0.45x | $42.09 Million |
About Spurcorp
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