Tharisa plc (THA) - Net Assets
Based on the latest financial reports, Tharisa plc (THA) has net assets worth ZAC753.92 Million ZAC (≈ $400.67K USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.14 Billion ≈ $605.73K USD) and total liabilities (ZAC385.86 Million ≈ $205.07K 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 Tharisa plc (THA) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC753.92 Million |
| % of Total Assets | 66.15% |
| Annual Growth Rate | 30.29% |
| 5-Year Change | 142.99% |
| 10-Year Change | 335.65% |
| Growth Volatility | 82.06 |
Tharisa plc - Net Assets Trend (2012–2024)
This chart illustrates how Tharisa plc's net assets have evolved over time, based on quarterly financial data. Also explore THA total assets for the complete picture of this company's asset base.
Annual Net Assets for Tharisa plc (2012–2024)
The table below shows the annual net assets of Tharisa plc from 2012 to 2024. For live valuation and market cap data, see Tharisa plc (THA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | ZAC779.58 Million ≈ $414.31K |
+15.46% |
| 2023-09-30 | ZAC675.18 Million ≈ $358.82K |
+8.83% |
| 2022-09-30 | ZAC620.38 Million ≈ $329.70K |
+37.47% |
| 2021-09-30 | ZAC451.27 Million ≈ $239.83K |
+40.66% |
| 2020-09-30 | ZAC320.83 Million ≈ $170.50K |
+11.09% |
| 2019-09-30 | ZAC288.79 Million ≈ $153.48K |
-3.20% |
| 2018-09-30 | ZAC298.33 Million ≈ $158.55K |
+9.74% |
| 2017-09-30 | ZAC271.85 Million ≈ $144.47K |
+34.67% |
| 2016-09-30 | ZAC201.86 Million ≈ $107.28K |
+12.80% |
| 2015-09-30 | ZAC178.95 Million ≈ $95.10K |
-14.73% |
| 2014-09-30 | ZAC209.85 Million ≈ $111.53K |
+491.22% |
| 2013-09-30 | ZAC-53.64 Million ≈ $-28.51K |
-264.63% |
| 2012-09-30 | ZAC32.58 Million ≈ $17.32K |
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Equity Component Analysis
This analysis shows how different components contribute to Tharisa plc'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 62584500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC506.33 Million | 70.10% |
| Common Stock | ZAC303.00K | 0.04% |
| Other Components | ZAC215.62 Million | 29.85% |
| Total Equity | ZAC722.26 Million | 100.00% |
Tharisa plc Competitors by Market Cap
The table below lists competitors of Tharisa plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yubico AB
ST:YUBICO
|
$396.96 Million |
|
HD Renewable Energy Co. Ltd.
TW:6873
|
$396.97 Million |
|
Shanghai General Healthy Information and Technology Co. Ltd.
SHG:605186
|
$397.03 Million |
|
Huitong Construction Group Co.Ltd.
SHG:603176
|
$397.09 Million |
|
CPH Chemie und Papier Holding
SW:CPHN
|
$396.88 Million |
|
Foresee Pharmaceuticals Co Ltd
TWO:6576
|
$396.61 Million |
|
ZKH Group Limited
NYSE:ZKH
|
$396.57 Million |
|
Beijing Telesound Electronics Co Ltd
SHE:003004
|
$396.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tharisa plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 615,874,000 to 722,259,000, a change of 106,385,000 (17.3%).
- Net income of 82,895,000 contributed positively to equity growth.
- Dividend payments of 10,480,000 reduced retained earnings.
- Share repurchases of 5,001,000 reduced equity.
- Other comprehensive income increased equity by 205,350,000.
- Other factors decreased equity by 166,379,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC82.89 Million | +11.48% |
| Dividends Paid | ZAC10.48 Million | -1.45% |
| Share Repurchases | ZAC5.00 Million | -0.69% |
| Other Comprehensive Income | ZAC205.35 Million | +28.43% |
| Other Changes | ZAC-166.38 Million | -23.04% |
| Total Change | ZAC- | 17.27% |
Book Value vs Market Value Analysis
This analysis compares Tharisa plc'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: 1081.37x
- 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 15916.82x to 1081.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-09-30 | ZAC0.16 | ZAC2540.00 | x |
| 2013-09-30 | ZAC-0.15 | ZAC2540.00 | x |
| 2014-09-30 | ZAC0.95 | ZAC2540.00 | x |
| 2015-09-30 | ZAC0.85 | ZAC2540.00 | x |
| 2016-09-30 | ZAC0.92 | ZAC2540.00 | x |
| 2017-09-30 | ZAC1.15 | ZAC2540.00 | x |
| 2018-09-30 | ZAC1.23 | ZAC2540.00 | x |
| 2019-09-30 | ZAC1.22 | ZAC2540.00 | x |
| 2020-09-30 | ZAC1.31 | ZAC2540.00 | x |
| 2021-09-30 | ZAC1.65 | ZAC2540.00 | x |
| 2022-09-30 | ZAC1.96 | ZAC2540.00 | x |
| 2023-09-30 | ZAC2.03 | ZAC2540.00 | x |
| 2024-09-30 | ZAC2.35 | ZAC2540.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tharisa plc 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): 11.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.49%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.67x
- Recent ROE (11.48%) is above the historical average (3.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -67.49% | -48.28% | 0.13x | 11.14x | ZAC-29.87 Million |
| 2013 | 0.00% | -22.44% | 0.56x | 0.00x | ZAC-44.60 Million |
| 2014 | -20.77% | -20.35% | 0.69x | 1.47x | ZAC-72.59 Million |
| 2015 | 2.13% | 1.87% | 0.82x | 1.39x | ZAC-17.05 Million |
| 2016 | 5.83% | 6.29% | 0.69x | 1.35x | ZAC-9.87 Million |
| 2017 | 19.40% | 16.48% | 0.91x | 1.30x | ZAC27.91 Million |
| 2018 | 14.91% | 11.92% | 0.89x | 1.40x | ZAC15.95 Million |
| 2019 | 2.60% | 2.44% | 0.76x | 1.40x | ZAC-23.90 Million |
| 2020 | 12.32% | 10.66% | 0.80x | 1.44x | ZAC8.16 Million |
| 2021 | 22.61% | 16.85% | 0.85x | 1.58x | ZAC56.03 Million |
| 2022 | 27.53% | 22.43% | 0.72x | 1.71x | ZAC97.98 Million |
| 2023 | 13.35% | 12.65% | 0.60x | 1.77x | ZAC20.65 Million |
| 2024 | 11.48% | 11.49% | 0.60x | 1.67x | ZAC10.67 Million |
Industry Comparison
This section compares Tharisa plc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $29,510,575,882
- Average return on equity (ROE) among peers: 20.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tharisa plc (THA) | ZAC753.92 Million | -67.49% | 0.51x | $396.90 Million |
| Anglo American Platinum Ltd (AMS) | $96.96 Billion | 50.69% | 0.82x | $10.35 Billion |
| Gemfields Group Ltd (GML) | $402.78 Million | -20.39% | 0.52x | $82.47 Million |
| Impala Platinum Holdings Ltd (IMP) | $45.73 Billion | 10.48% | 0.37x | $11.07 Billion |
| Northam Platinum Holdings Ltd (NPH) | $19.02 Billion | 49.34% | 1.00x | $6.70 Billion |
| Sibanye Stillwater Ltd (SSW) | $14.98 Billion | 4.78% | 0.89x | $7.47 Billion |
| Sable Exploration and Mining Ltd (SXM) | $-19.86 Million | 0.00% | 0.00x | $180.37K |
| Valterra Platinum Limited (VAL) | $29.50 Billion | 48.29% | 1.33x | $18.73 Billion |
About Tharisa plc
Tharisa plc, an investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, an internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing. The company sells PGM concentrates, incl… Read more