Trencor (TRE) - Net Assets
Based on the latest financial reports, Trencor (TRE) has net assets worth ZAC1.46 Billion ZAC (≈ $777.51K USD) 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 ≈ $780.17K USD) and total liabilities (ZAC5.00 Million ≈ $2.66K 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 TRE cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Trencor (TRE) total assets for the complete picture of this company's asset base.
Annual Net Assets for Trencor (2002–2024)
The table below shows the annual net assets of Trencor from 2002 to 2024. For live valuation and market cap data, see Trencor market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ZAC1.46 Billion ≈ $777.51K |
+3.76% |
| 2023-12-31 | ZAC1.41 Billion ≈ $749.34K |
+9.81% |
| 2022-12-31 | ZAC1.28 Billion ≈ $682.38K |
+6.12% |
| 2021-12-31 | ZAC1.21 Billion ≈ $643.05K |
+6.05% |
| 2020-12-31 | ZAC1.14 Billion ≈ $606.38K |
-46.33% |
| 2019-12-31 | ZAC2.13 Billion ≈ $1.13 Million |
-65.88% |
| 2018-12-31 | ZAC6.23 Billion ≈ $3.31 Million |
-49.89% |
| 2017-12-31 | ZAC12.44 Billion ≈ $6.61 Million |
-13.75% |
| 2016-12-31 | ZAC14.42 Billion ≈ $7.66 Million |
-32.18% |
| 2015-12-31 | ZAC21.26 Billion ≈ $11.30 Million |
+23.45% |
| 2014-12-31 | ZAC17.22 Billion ≈ $9.15 Million |
+18.28% |
| 2013-12-31 | ZAC14.56 Billion ≈ $7.74 Million |
+31.85% |
| 2012-12-31 | ZAC11.04 Billion ≈ $5.87 Million |
+58.15% |
| 2011-12-31 | ZAC6.98 Billion ≈ $3.71 Million |
+17.32% |
| 2010-12-31 | ZAC5.95 Billion ≈ $3.16 Million |
+3.57% |
| 2009-12-31 | ZAC5.75 Billion ≈ $3.05 Million |
-13.19% |
| 2008-12-31 | ZAC6.62 Billion ≈ $3.52 Million |
+43.44% |
| 2007-12-31 | ZAC4.61 Billion ≈ $2.45 Million |
+34.28% |
| 2006-12-31 | ZAC3.44 Billion ≈ $1.83 Million |
+22.13% |
| 2005-12-31 | ZAC2.81 Billion ≈ $1.50 Million |
+38.31% |
| 2004-12-31 | ZAC2.03 Billion ≈ $1.08 Million |
+35.08% |
| 2003-12-31 | ZAC1.51 Billion ≈ $800.47K |
-13.08% |
| 2002-12-31 | ZAC1.73 Billion ≈ $920.89K |
-- |
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 |
|---|---|
|
M3-Brigade Acquisition V Corp. Warrant
NASDAQ:MBAVW
|
$10.06 Million |
|
Highfield Resources Ltd
AU:HFR
|
$10.06 Million |
|
Priceworth International Bhd
KLSE:7123
|
$10.07 Million |
|
XWELL Inc.
NASDAQ:XWEL
|
$10.07 Million |
|
Asmallworld AG
SW:ASWN
|
$10.05 Million |
|
Adcore Inc
TO:ADCO
|
$10.05 Million |
|
The Global Smaller Companies Trust Plc
LSE:GSCT
|
$10.04 Million |
|
SONOKONG Co. Ltd
KQ:066910
|
$10.04 Million |
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 | $10.05 Million |
| Sab Zenzele Kabili Holdings (SZK) | $2.43 Million | -22.73% | 1.22x | $73.06 Million |
About Trencor
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.