Vodacom Group Ltd (VOD) - Net Assets

Latest as of September 2025: ZAC103.28 Billion ZAC

Based on the latest financial reports, Vodacom Group Ltd (VOD) has net assets worth ZAC103.28 Billion ZAC as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC249.76 Billion) and total liabilities (ZAC146.48 Billion). 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 ZAC103.28 Billion
% of Total Assets 41.35%
Annual Growth Rate 13.25%
5-Year Change 20.96%
10-Year Change 350.19%
Growth Volatility 43.58

Vodacom Group Ltd - Net Assets Trend (2004–2025)

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

Annual Net Assets for Vodacom Group Ltd (2004–2025)

The table below shows the annual net assets of Vodacom Group Ltd from 2004 to 2025.

Year Net Assets Change
2025-03-31 ZAC103.65 Billion -0.17%
2024-03-31 ZAC103.83 Billion +6.57%
2023-03-31 ZAC97.43 Billion +14.00%
2022-03-31 ZAC85.47 Billion -0.26%
2021-03-31 ZAC85.69 Billion -14.37%
2020-03-31 ZAC100.07 Billion +15.84%
2019-03-31 ZAC86.39 Billion +22.27%
2018-03-31 ZAC70.65 Billion +207.24%
2017-03-31 ZAC23.00 Billion -0.12%
2016-03-31 ZAC23.02 Billion +6.38%
2015-03-31 ZAC21.64 Billion -8.84%
2014-03-31 ZAC23.74 Billion +11.91%
2013-03-31 ZAC21.22 Billion +12.08%
2012-03-31 ZAC18.93 Billion +17.00%
2011-03-31 ZAC16.18 Billion +10.55%
2010-03-31 ZAC14.64 Billion -3.06%
2009-03-31 ZAC15.10 Billion +27.89%
2008-03-31 ZAC11.81 Billion +22.37%
2007-03-31 ZAC9.65 Billion +11.24%
2006-03-31 ZAC8.67 Billion +9.94%
2005-03-31 ZAC7.89 Billion +3.73%
2004-03-31 ZAC7.60 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Vodacom Group 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 grown by 575.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings ZAC52.94 Billion 57.53%
Common Stock ZAC89.92 Billion 97.72%
Total Equity ZAC92.02 Billion 100.00%

Vodacom Group Ltd Competitors by Market Cap

The table below lists competitors of Vodacom Group Ltd ranked by their market capitalization.

Company Market Cap
Solar Industries India Limited
NSE:SOLARINDS
 		$14.77 Billion
Tata Power Company Limited
NSE:TATAPOWER
 		$14.78 Billion
WFD Unibail Rodamco NV
F:1BR1
 		$14.79 Billion
Indian Railway Finance Corporation Limited
NSE:IRFC
 		$14.82 Billion
Roku Inc
NASDAQ:ROKU
 		$14.75 Billion
Lingyi iTech Guangdong Co
SHE:002600
 		$14.75 Billion
HAL Trust
AS:HAL
 		$14.75 Billion
Nan Ya Printed Circuit Board Corp
TW:8046
 		$14.74 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 92,764,000,000 to 92,019,000,000, a change of -745,000,000 (-0.8%).
  • Net income of 16,598,000,000 contributed positively to equity growth.
  • Dividend payments of 11,114,000,000 reduced retained earnings.
  • Share repurchases of 522,000,000 reduced equity.
  • New share issuances of 90,000,000 increased equity.
  • Other comprehensive income increased equity by 27,480,000,000.
  • Other factors decreased equity by 33,277,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC16.60 Billion +18.04%
Dividends Paid ZAC11.11 Billion -12.08%
Share Repurchases ZAC522.00 Million -0.57%
Share Issuances ZAC90.00 Million +0.1%
Other Comprehensive Income ZAC27.48 Billion +29.86%
Other Changes ZAC-33.28 Billion -36.16%
Total Change ZAC- -0.80%

Book Value vs Market Value Analysis

This analysis compares Vodacom Group 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: 306.73x
  • 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 2845.48x to 306.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-03-31 ZAC5.05 ZAC14364.00 x
2005-03-31 ZAC5.21 ZAC14364.00 x
2006-03-31 ZAC5.64 ZAC14364.00 x
2007-03-31 ZAC6.33 ZAC14364.00 x
2008-03-31 ZAC7.66 ZAC14364.00 x
2009-03-31 ZAC9.42 ZAC14364.00 x
2010-03-31 ZAC9.23 ZAC14364.00 x
2011-03-31 ZAC10.66 ZAC14364.00 x
2012-03-31 ZAC12.61 ZAC14364.00 x
2013-03-31 ZAC14.17 ZAC14364.00 x
2014-03-31 ZAC15.71 ZAC14364.00 x
2015-03-31 ZAC15.02 ZAC14364.00 x
2016-03-31 ZAC16.45 ZAC14364.00 x
2017-03-31 ZAC15.89 ZAC14364.00 x
2018-03-31 ZAC39.75 ZAC14364.00 x
2019-03-31 ZAC45.05 ZAC14364.00 x
2020-03-31 ZAC53.06 ZAC14364.00 x
2021-03-31 ZAC45.75 ZAC14364.00 x
2022-03-31 ZAC45.54 ZAC14364.00 x
2023-03-31 ZAC47.23 ZAC14364.00 x
2024-03-31 ZAC47.09 ZAC14364.00 x
2025-03-31 ZAC46.83 ZAC14364.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vodacom Group 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): 18.04%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.90%
  • • Asset Turnover: 0.61x
  • • Equity Multiplier: 2.72x
  • Recent ROE (18.04%) is below the historical average (41.40%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 40.29% 13.24% 1.13x 2.69x ZAC2.27 Billion
2005 49.69% 14.11% 1.21x 2.91x ZAC3.08 Billion
2006 59.75% 14.72% 1.37x 2.95x ZAC4.17 Billion
2007 67.29% 15.41% 1.45x 3.02x ZAC5.40 Billion
2008 68.51% 16.21% 1.41x 3.00x ZAC6.67 Billion
2009 44.17% 11.22% 1.17x 3.38x ZAC4.79 Billion
2010 30.57% 7.18% 1.40x 3.03x ZAC2.83 Billion
2011 51.08% 13.04% 1.48x 2.65x ZAC6.42 Billion
2012 55.06% 15.24% 1.39x 2.60x ZAC8.35 Billion
2013 62.46% 18.58% 1.26x 2.67x ZAC10.91 Billion
2014 57.44% 17.49% 1.25x 2.63x ZAC10.94 Billion
2015 57.44% 16.39% 1.08x 3.23x ZAC10.47 Billion
2016 53.47% 16.13% 1.02x 3.26x ZAC10.50 Billion
2017 55.76% 16.51% 1.00x 3.37x ZAC11.01 Billion
2018 23.80% 17.77% 0.66x 2.04x ZAC8.90 Billion
2019 19.00% 17.11% 0.56x 1.97x ZAC7.02 Billion
2020 17.40% 17.57% 0.48x 2.08x ZAC6.78 Billion
2021 20.89% 16.87% 0.57x 2.17x ZAC8.64 Billion
2022 21.61% 16.71% 0.58x 2.24x ZAC9.22 Billion
2023 19.51% 14.07% 0.52x 2.66x ZAC8.17 Billion
2024 17.56% 10.82% 0.63x 2.59x ZAC7.02 Billion
2025 18.04% 10.90% 0.61x 2.72x ZAC7.40 Billion

Industry Comparison

This section compares Vodacom Group Ltd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $33,777,284,942
  • Average return on equity (ROE) among peers: 11.38%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Vodacom Group Ltd (VOD) ZAC103.28 Billion 40.29% 1.42x $14.75 Billion
Blue Label Telecoms Ltd (BLU) $5.00 Billion 15.73% 0.74x $444.41 Million
MTN Group Ltd (MTN) $114.98 Billion 11.96% 2.18x $19.15 Billion
Telkom (TKG) $15.09 Billion 10.75% 2.55x $1.53 Billion
Telemasters Holdings Ltd (TLM) $34.70 Million 7.08% 0.58x $5.92 Million

About Vodacom Group Ltd

JSE:VOD South Africa Telecom Services
Market Cap
$14.75 Billion
ZAC27.75 Trillion ZAC
Market Cap Rank
#1475 Global
#11 in South Africa
Share Price
ZAC14364.00
Change (1 day)
-1.24%
52-Week Range
ZAC12790.00 - ZAC16398.00
All Time High
ZAC16398.00
Categories
Companies in South Africa Telecom Services
About

Vodacom Group Limited provides communications products and services. It offers voice, messaging, converged services, broadband, data connectivity, mobile financial services, and other value-added services. The company also provides mobile and fixed line connectivity solutions, as well as internet and virtual private network services to its customers in various wireless, fixed-line, satellite, mob… Read more