Trencor

JSE:TRE South Africa Shell Companies
Market Cap
$10.05 Million
ZAC18.92 Billion ZAC
Market Cap Rank
#40980 Global
#174 in South Africa
Share Price
ZAC109.00
Change (1 day)
+0.00%
52-Week Range
ZAC98.00 - ZAC109.00
All Time High
ZAC3388.11
Categories
Companies in South Africa Shell Companies
About

Trencor Limited provides cash holding and administrative services in South Africa. The company was founded in 1929 and is based in Cape Town, South Africa.

Trencor (TRE) - Net Assets

Latest net assets as of December 2024: ZAC1.46 Billion ZAC

Based on the latest financial reports, Trencor (TRE) has net assets worth ZAC1.46 Billion ZAC as of December 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.47 Billion) and total liabilities (ZAC5.00 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 ZAC1.46 Billion
% of Total Assets 99.66%
Annual Growth Rate -0.77%
5-Year Change 28.22%
10-Year Change -93.12%
Growth Volatility 31.58

Trencor - Net Assets Trend (2002–2024)

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

Annual Net Assets for Trencor (2002–2024)

The table below shows the annual net assets of Trencor from 2002 to 2024.

Year Net Assets Change
2024-12-31 ZAC1.46 Billion +3.76%
2023-12-31 ZAC1.41 Billion +9.81%
2022-12-31 ZAC1.28 Billion +6.12%
2021-12-31 ZAC1.21 Billion +6.05%
2020-12-31 ZAC1.14 Billion -46.33%
2019-12-31 ZAC2.13 Billion -65.88%
2018-12-31 ZAC6.23 Billion -49.89%
2017-12-31 ZAC12.44 Billion -13.75%
2016-12-31 ZAC14.42 Billion -32.18%
2015-12-31 ZAC21.26 Billion +23.45%
2014-12-31 ZAC17.22 Billion +18.28%
2013-12-31 ZAC14.56 Billion +31.85%
2012-12-31 ZAC11.04 Billion +58.15%
2011-12-31 ZAC6.98 Billion +17.32%
2010-12-31 ZAC5.95 Billion +3.57%
2009-12-31 ZAC5.75 Billion -13.19%
2008-12-31 ZAC6.62 Billion +43.44%
2007-12-31 ZAC4.61 Billion +34.28%
2006-12-31 ZAC3.44 Billion +22.13%
2005-12-31 ZAC2.81 Billion +38.31%
2004-12-31 ZAC2.03 Billion +35.08%
2003-12-31 ZAC1.51 Billion -13.08%
2002-12-31 ZAC1.73 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Trencor'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock ZAC1.00 Million 0.07%
Other Components ZAC1.46 Billion 99.93%
Total Equity ZAC1.46 Billion 100.00%

Trencor Competitors by Market Cap

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

Company Market Cap
Avarone Metals Inc
PINK:AVRTF
 		$100.56K
BHDV39
SA:BHDV39
 		$100.62K
Perimeter Acquisition Corp. I
NASDAQ:PMTRU
 		$100.69K
Sequoia Logística e Transportes S.A
SA:SEQL3
 		$100.74K
DENSO - Dusseldorf Stock Exchang
DU:DNO
 		$100.52K
Lakeshore Acquisition III Corp. Unit
NASDAQ:LCCCU
 		$100.42K
INDIA FD INC. DL-001
F:IDF
 		$100.41K
BURT39
SA:BURT39
 		$100.30K

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,410,000,000 to 1,463,000,000, a change of 53,000,000 (3.8%).
  • Net income of 568,000,000 contributed positively to equity growth.
  • Other comprehensive income decreased equity by 515,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ZAC568.00 Million +38.82%
Other Comprehensive Income ZAC-515.00 Million -35.2%
Total Change ZAC- 3.76%

Book Value vs Market Value Analysis

This analysis compares Trencor'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: 12.93x
  • 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 11.80x to 12.93x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 ZAC9.24 ZAC109.00 x
2003-12-31 ZAC8.04 ZAC109.00 x
2004-12-31 ZAC9.45 ZAC109.00 x
2005-12-31 ZAC10.67 ZAC109.00 x
2006-12-31 ZAC12.60 ZAC109.00 x
2007-12-31 ZAC16.98 ZAC109.00 x
2008-12-31 ZAC24.00 ZAC109.00 x
2009-12-31 ZAC20.47 ZAC109.00 x
2010-12-31 ZAC20.73 ZAC109.00 x
2011-12-31 ZAC26.81 ZAC109.00 x
2012-12-31 ZAC36.22 ZAC109.00 x
2013-12-31 ZAC44.68 ZAC109.00 x
2014-12-31 ZAC52.33 ZAC109.00 x
2015-12-31 ZAC66.52 ZAC109.00 x
2016-12-31 ZAC46.30 ZAC109.00 x
2017-12-31 ZAC39.80 ZAC109.00 x
2018-12-31 ZAC35.22 ZAC109.00 x
2019-12-31 ZAC12.24 ZAC109.00 x
2020-12-31 ZAC6.58 ZAC109.00 x
2021-12-31 ZAC6.97 ZAC109.00 x
2022-12-31 ZAC7.40 ZAC109.00 x
2023-12-31 ZAC8.13 ZAC109.00 x
2024-12-31 ZAC8.43 ZAC109.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Trencor 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): 38.82%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.00%
  • • Asset Turnover: 0.00x
  • • Equity Multiplier: 1.00x
  • Recent ROE (38.82%) is above the historical average (11.13%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 -16.72% -49.19% 0.07x 5.17x ZAC-462.98 Million
2003 0.92% 1.89% 0.10x 4.97x ZAC-136.82 Million
2004 11.52% 15.23% 0.14x 5.53x ZAC22.47 Million
2005 32.01% 30.33% 0.22x 4.72x ZAC437.95 Million
2006 20.99% 22.03% 0.19x 4.92x ZAC259.02 Million
2007 30.13% 45.09% 0.21x 3.17x ZAC641.32 Million
2008 20.34% 32.41% 0.20x 3.21x ZAC465.33 Million
2009 6.74% 13.23% 0.16x 3.11x ZAC-125.10 Million
2010 27.78% 45.98% 0.18x 3.43x ZAC692.50 Million
2011 34.31% 35.38% 0.23x 4.24x ZAC1.17 Billion
2012 16.01% 22.56% 0.15x 4.82x ZAC385.60 Million
2013 17.58% 21.11% 0.15x 5.64x ZAC599.80 Million
2014 10.36% 11.92% 0.15x 5.82x ZAC33.20 Million
2015 -1.24% -1.57% 0.13x 5.99x ZAC-1.32 Billion
2016 -21.26% -18.60% 0.16x 6.97x ZAC-2.56 Billion
2017 -4.55% -3.85% 0.16x 7.42x ZAC-1.03 Billion
2018 45.71% 524.49% 0.06x 1.35x ZAC2.22 Billion
2019 -21.45% 0.00% 0.00x 1.10x ZAC-668.60 Million
2020 -3.33% -475.00% 0.01x 1.01x ZAC-152.10 Million
2021 0.50% 0.00% 0.00x 1.00x ZAC-115.00 Million
2022 2.10% 0.00% 0.00x 1.00x ZAC-101.40 Million
2023 8.79% 0.00% 0.00x 1.01x ZAC-17.00 Million
2024 38.82% 0.00% 0.00x 1.00x ZAC421.70 Million

Industry Comparison

This section compares Trencor's net assets metrics with peer companies in the Shell Companies industry.

Industry Context

  • Industry: Shell Companies
  • Average net assets among peers: $2,432,447
  • Average return on equity (ROE) among peers: -22.73%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Trencor (TRE) ZAC1.46 Billion -16.72% 0.00x $100.53K
Sab Zenzele Kabili Holdings (SZK) $2.43 Million -22.73% 1.22x $732.71K