Texton Property Fund Ltd Net Assets
Texton Property Fund Ltd net assets. Based on the latest financial reports, Texton Property Fund Ltd (TEX) has net assets worth ZAC1.72 Billion ZAC (≈ $911.96K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC2.47 Billion ≈ $1.31 Million USD) and total liabilities (ZAC757.36 Million ≈ $402.50K 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. See TEX net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC1.72 Billion |
| % of Total Assets | 69.38% |
| Annual Growth Rate | 0.68% |
| 5-Year Change | -19.06% |
| 10-Year Change | -52.26% |
| Growth Volatility | 27.75 |
Net Assets of Texton Property Fund Ltd (2014–2025)
Net assets of Texton Property Fund Ltd from 2014 to 2025. This chart illustrates how Texton Property Fund Ltd's net assets have evolved over time, based on quarterly financial data. Also explore net asset growth rate of Texton Property Fund Ltd to track the company's year-over-year net asset growth rate.
Annual Net Assets for Texton Property Fund Ltd (2014–2025)
The table below shows the annual net assets of Texton Property Fund Ltd from 2014 to 2025. For live market cap and overall valuation, see TEX company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | ZAC1.72 Billion ≈ $911.96K |
-10.57% |
| 2024-06-30 | ZAC1.92 Billion ≈ $1.02 Million |
-8.50% |
| 2023-06-30 | ZAC2.10 Billion ≈ $1.11 Million |
+6.75% |
| 2022-06-30 | ZAC1.96 Billion ≈ $1.04 Million |
-7.34% |
| 2021-06-30 | ZAC2.12 Billion ≈ $1.13 Million |
+7.47% |
| 2020-06-30 | ZAC1.97 Billion ≈ $1.05 Million |
-7.12% |
| 2019-06-30 | ZAC2.12 Billion ≈ $1.13 Million |
-7.54% |
| 2018-06-30 | ZAC2.30 Billion ≈ $1.22 Million |
-30.84% |
| 2017-06-30 | ZAC3.32 Billion ≈ $1.77 Million |
-7.59% |
| 2016-06-30 | ZAC3.59 Billion ≈ $1.91 Million |
+24.76% |
| 2015-06-30 | ZAC2.88 Billion ≈ $1.53 Million |
+80.93% |
| 2014-06-30 | ZAC1.59 Billion ≈ $846.23K |
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Equity Component Analysis
This analysis shows how different components contribute to Texton Property Fund 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 decreased by 224.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Texton Property Fund Ltd Net Assets Breakdown (June 2025)
Texton Property Fund Ltd net assets breakdown by equity component as of June 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ZAC2.51 Billion | 147.02% |
| Total Equity | ZAC1.71 Billion | 100.00% |
Texton Property Fund Ltd Competitors by Market Cap
The table below lists competitors of Texton Property Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brand Group (M.G) Ltd
TA:BRND
|
$43.93 Million |
|
Orbis AG
XETRA:OBS
|
$43.94 Million |
|
Xander International
TWO:6118
|
$43.96 Million |
|
Scan-D
TWO:6195
|
$43.96 Million |
|
Unifosa
TWO:8277
|
$43.88 Million |
|
Touchstone Exploration Inc
TO:TXP
|
$43.84 Million |
|
Han Shin Mach
KO:011700
|
$43.82 Million |
|
Estrella Resources Ltd
AU:ESR
|
$43.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Texton Property Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,918,794,000 to 1,710,281,000, a change of -208,513,000 (-10.9%).
- Net income of 97,873,000 contributed positively to equity growth.
- Share repurchases of 240,795,000 reduced equity.
- Other factors decreased equity by 65,591,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC97.87 Million | +5.72% |
| Share Repurchases | ZAC240.79 Million | -14.08% |
| Other Changes | ZAC-65.59 Million | -3.84% |
| Total Change | ZAC- | -10.87% |
Book Value vs Market Value Analysis
This analysis compares Texton Property Fund 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: 48.28x
- 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 29.22x to 48.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | ZAC9.48 | ZAC277.00 | x |
| 2018-06-30 | ZAC6.57 | ZAC277.00 | x |
| 2019-06-30 | ZAC6.08 | ZAC277.00 | x |
| 2020-06-30 | ZAC5.65 | ZAC277.00 | x |
| 2021-06-30 | ZAC6.07 | ZAC277.00 | x |
| 2022-06-30 | ZAC5.78 | ZAC277.00 | x |
| 2023-06-30 | ZAC6.22 | ZAC277.00 | x |
| 2024-06-30 | ZAC6.44 | ZAC277.00 | x |
| 2025-06-30 | ZAC5.74 | ZAC277.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Texton Property Fund 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): 5.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.65%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.45x
- Recent ROE (5.72%) is above the historical average (2.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.11% | 93.76% | 0.12x | 1.47x | ZAC97.29 Million |
| 2015 | 12.21% | 85.07% | 0.09x | 1.63x | ZAC63.80 Million |
| 2016 | 9.01% | 56.60% | 0.10x | 1.62x | ZAC-35.54 Million |
| 2017 | 9.18% | 50.91% | 0.11x | 1.67x | ZAC-27.28 Million |
| 2018 | -5.08% | -19.82% | 0.11x | 2.32x | ZAC-346.42 Million |
| 2019 | -25.33% | -96.81% | 0.12x | 2.11x | ZAC-750.33 Million |
| 2020 | -6.62% | -25.14% | 0.12x | 2.13x | ZAC-327.77 Million |
| 2021 | 9.53% | 45.73% | 0.12x | 1.72x | ZAC-10.01 Million |
| 2022 | 1.94% | 11.42% | 0.10x | 1.74x | ZAC-158.38 Million |
| 2023 | -0.67% | -4.74% | 0.10x | 1.50x | ZAC-223.85 Million |
| 2024 | -0.73% | -5.11% | 0.09x | 1.55x | ZAC-205.83 Million |
| 2025 | 5.72% | 37.65% | 0.11x | 1.45x | ZAC-73.16 Million |
Industry Comparison
This section compares Texton Property Fund Ltd's net assets metrics with peer companies in the REIT - Office industry.
No peer company data available for comparison.
About Texton Property Fund Ltd
Texton is a JSE-listed real estate investment trust ("REIT") that offers shareholders access to global direct and indirect real estate investments, which aim to deliver sustainable, risk-adjusted returns. Our direct property portfolio is valued at R1,9 billion as at 30 June 2025 (2024: R2,1 billion) and our international indirect property investment portfolio amounts to R415,4 million (2024: R443… Read more