Vunani Ltd (VUN) - Net Assets
Based on the latest financial reports, Vunani Ltd (VUN) has net assets worth ZAC423.89 Million ZAC (≈ $225.28K USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.99 Billion ≈ $1.06 Million USD) and total liabilities (ZAC1.57 Billion ≈ $831.89K 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 Vunani Ltd (VUN) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC423.89 Million |
| % of Total Assets | 21.31% |
| Annual Growth Rate | 3.19% |
| 5-Year Change | 10.87% |
| 10-Year Change | 20.16% |
| Growth Volatility | 62.05 |
Vunani Ltd - Net Assets Trend (2009–2026)
This chart illustrates how Vunani Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Vunani Ltd (VUN) market capitalisation.
Annual Net Assets for Vunani Ltd (2009–2026)
The table below shows the annual net assets of Vunani Ltd from 2009 to 2026. Also explore Vunani Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | ZAC423.89 Million ≈ $225.28K |
+17.34% |
| 2025-02-28 | ZAC361.26 Million ≈ $191.99K |
-7.34% |
| 2024-02-29 | ZAC389.86 Million ≈ $207.19K |
-3.43% |
| 2023-02-28 | ZAC403.69 Million ≈ $214.54K |
+5.58% |
| 2022-02-28 | ZAC382.35 Million ≈ $203.20K |
+14.65% |
| 2021-02-28 | ZAC333.50 Million ≈ $177.24K |
-40.21% |
| 2020-02-29 | ZAC557.76 Million ≈ $296.42K |
+16.77% |
| 2019-02-28 | ZAC477.65 Million ≈ $253.85K |
+19.61% |
| 2018-02-28 | ZAC399.34 Million ≈ $212.23K |
+13.20% |
| 2017-02-28 | ZAC352.78 Million ≈ $187.48K |
+37.19% |
| 2016-02-29 | ZAC257.15 Million ≈ $136.66K |
-0.01% |
| 2015-12-31 | ZAC257.19 Million ≈ $136.68K |
+0.92% |
| 2015-02-28 | ZAC254.84 Million ≈ $135.44K |
+22.38% |
| 2014-02-28 | ZAC208.25 Million ≈ $110.67K |
-2.83% |
| 2013-02-28 | ZAC214.31 Million ≈ $113.90K |
+0.76% |
| 2012-02-29 | ZAC212.70 Million ≈ $113.04K |
-49.86% |
| 2011-02-28 | ZAC424.22 Million ≈ $225.45K |
+250.06% |
| 2010-02-28 | ZAC121.18 Million ≈ $64.40K |
-51.21% |
| 2009-02-28 | ZAC248.38 Million ≈ $132.00K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Vunani 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 13797600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ZAC696.50 Million | 246.13% |
| Other Comprehensive Income | ZAC1.93 Million | 0.68% |
| Total Equity | ZAC282.98 Million | 100.00% |
Vunani Ltd Competitors by Market Cap
The table below lists competitors of Vunani Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Interwood-Xylemporia A.T.E.N.E.
AT:XYLEK
|
$16.34 Million |
|
New York City REIT Inc
NYSE:NYC
|
$16.35 Million |
|
Nuintek Co.Ltd
KQ:012340
|
$16.36 Million |
|
Monami
KO:005360
|
$16.37 Million |
|
Murano Global Investments PLC Ordinary Shares
NASDAQ:MRNO
|
$16.33 Million |
|
OneConstruction Group Limited Ordinary Shares
NASDAQ:ONEG
|
$16.32 Million |
|
All In! Games S.A.
WAR:ALG
|
$16.32 Million |
|
Noxopharm Ltd
AU:NOX
|
$16.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vunani Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 290,763,000 to 282,977,000, a change of -7,786,000 (-2.7%).
- Net income of 10,089,000 contributed positively to equity growth.
- Dividend payments of 56,318,000 reduced retained earnings.
- Share repurchases of 2,760,000 reduced equity.
- Other comprehensive income decreased equity by 965,000.
- Other factors increased equity by 42,168,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC10.09 Million | +3.57% |
| Dividends Paid | ZAC56.32 Million | -19.9% |
| Share Repurchases | ZAC2.76 Million | -0.98% |
| Other Comprehensive Income | ZAC-965.00K | -0.34% |
| Other Changes | ZAC42.17 Million | +14.9% |
| Total Change | ZAC- | -2.68% |
Book Value vs Market Value Analysis
This analysis compares Vunani 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: 108.71x
- 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 29.00x to 108.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-02-28 | ZAC6.59 | ZAC191.00 | x |
| 2010-02-28 | ZAC0.69 | ZAC191.00 | x |
| 2011-02-28 | ZAC2.92 | ZAC191.00 | x |
| 2012-02-29 | ZAC2.03 | ZAC191.00 | x |
| 2013-02-28 | ZAC2.00 | ZAC191.00 | x |
| 2014-02-28 | ZAC2.14 | ZAC191.00 | x |
| 2015-02-28 | ZAC2.51 | ZAC191.00 | x |
| 2016-02-29 | ZAC2.33 | ZAC191.00 | x |
| 2017-02-28 | ZAC2.81 | ZAC191.00 | x |
| 2018-02-28 | ZAC2.50 | ZAC191.00 | x |
| 2019-02-28 | ZAC2.84 | ZAC191.00 | x |
| 2020-02-29 | ZAC3.03 | ZAC191.00 | x |
| 2021-02-28 | ZAC1.75 | ZAC191.00 | x |
| 2022-02-28 | ZAC1.97 | ZAC191.00 | x |
| 2023-02-28 | ZAC2.09 | ZAC191.00 | x |
| 2024-02-29 | ZAC2.01 | ZAC191.00 | x |
| 2025-02-28 | ZAC1.81 | ZAC191.00 | x |
| 2026-02-28 | ZAC1.76 | ZAC191.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vunani 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): 3.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.15%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 7.03x
- Recent ROE (3.57%) is above the historical average (-70.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -510.31% | -351.52% | 0.11x | 12.72x | ZAC-799.49 Million |
| 2010 | -906.49% | -126.98% | 0.07x | 108.60x | ZAC-160.53 Million |
| 2011 | -17.87% | -22.83% | 0.10x | 8.14x | ZAC-69.72 Million |
| 2012 | -23.94% | -44.59% | 0.13x | 4.02x | ZAC-67.49 Million |
| 2013 | -0.11% | -0.18% | 0.21x | 2.93x | ZAC-20.37 Million |
| 2014 | 4.60% | 8.08% | 0.28x | 2.02x | ZAC-11.58 Million |
| 2015 | 21.75% | 43.01% | 0.28x | 1.82x | ZAC30.27 Million |
| 2015 | 2.39% | 4.29% | 0.32x | 1.74x | ZAC-19.46 Million |
| 2016 | 2.26% | 4.62% | 0.13x | 3.77x | ZAC-19.76 Million |
| 2017 | 10.67% | 20.01% | 0.15x | 3.60x | ZAC2.40 Million |
| 2018 | 10.27% | 11.52% | 0.28x | 3.21x | ZAC1.07 Million |
| 2019 | 18.87% | 20.29% | 0.55x | 1.70x | ZAC41.63 Million |
| 2020 | 7.37% | 7.47% | 0.30x | 3.33x | ZAC-12.82 Million |
| 2021 | 7.38% | 3.80% | 0.46x | 4.25x | ZAC-7.34 Million |
| 2022 | 19.24% | 9.21% | 0.53x | 3.94x | ZAC29.18 Million |
| 2023 | 15.73% | 7.24% | 0.53x | 4.08x | ZAC19.08 Million |
| 2024 | 4.50% | 2.10% | 0.51x | 4.22x | ZAC-17.58 Million |
| 2025 | -3.96% | -1.56% | 0.46x | 5.57x | ZAC-40.58 Million |
| 2026 | 3.57% | 1.15% | 0.44x | 7.03x | ZAC-18.21 Million |
Industry Comparison
This section compares Vunani Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $3,859,307,000
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vunani Ltd (VUN) | ZAC423.89 Million | -510.31% | 3.69x | $16.33 Million |
| Investec PLC (INP) | $3.86 Billion | 9.55% | 10.75x | $4.82 Billion |
About Vunani Ltd
Vunani Limited operates in the financial services sector in South Africa. It operates through Fund Management, Asset Administration, Insurance, Advisory Services, and Institutional Securities Broking segments. The company offers institutional and retail products, including equities, bonds, inflation-linked bonds and properties, as well as absolute return and beta funds. It also operates as a bene… Read more