Workforce Holdings Ltd
Workforce Holdings Limited, an investment holding company, provides human capital solutions in South Africa, Mozambique, Botswana, Namibia, Rwanda, Zambia, Tanzania, Botswana, Uganda, Scotland, Mauritius, and South America. It operates through four segments: Staffing and Outsourcing, Training and Education, Financial Services, and Healthcare. The company offers temporary employment, functional ou… Read more
Workforce Holdings Ltd (WKF) - Net Assets
Latest net assets as of June 2024: ZAC910.48 Million ZAC
Based on the latest financial reports, Workforce Holdings Ltd (WKF) has net assets worth ZAC910.48 Million ZAC as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.60 Billion) and total liabilities (ZAC684.65 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 | ZAC910.48 Million |
| % of Total Assets | 57.08% |
| Annual Growth Rate | 12.64% |
| 5-Year Change | 27.32% |
| 10-Year Change | 224.9% |
| Growth Volatility | 9.78 |
Workforce Holdings Ltd - Net Assets Trend (2008–2023)
This chart illustrates how Workforce Holdings 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 Workforce Holdings Ltd (2008–2023)
The table below shows the annual net assets of Workforce Holdings Ltd from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ZAC884.75 Million | -3.29% |
| 2022-12-31 | ZAC914.80 Million | +9.98% |
| 2021-12-31 | ZAC831.77 Million | +13.28% |
| 2020-12-31 | ZAC734.24 Million | +5.67% |
| 2019-12-31 | ZAC694.88 Million | +15.23% |
| 2018-12-31 | ZAC603.02 Million | +11.19% |
| 2017-12-31 | ZAC542.35 Million | +21.39% |
| 2016-12-31 | ZAC446.77 Million | +26.12% |
| 2015-12-31 | ZAC354.25 Million | +30.09% |
| 2014-12-31 | ZAC272.31 Million | +28.32% |
| 2013-12-31 | ZAC212.21 Million | -3.70% |
| 2012-12-31 | ZAC220.35 Million | +11.58% |
| 2011-12-31 | ZAC197.49 Million | +13.63% |
| 2010-12-31 | ZAC173.80 Million | +9.16% |
| 2009-12-31 | ZAC159.22 Million | +7.25% |
| 2008-12-31 | ZAC148.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Workforce Holdings 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 1404.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC653.34 Million | 74.71% |
| Common Stock | ZAC235.22 Million | 26.90% |
| Other Comprehensive Income | ZAC-3.47 Million | -0.40% |
| Total Equity | ZAC874.57 Million | 100.00% |
Workforce Holdings Ltd Competitors by Market Cap
The table below lists competitors of Workforce Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great Dane Europa Value
CO:GDIEUV
|
$155.79K |
|
BIYC39
SA:BIYC39
|
$155.91K |
|
G.WILLI-FOOD
BE:D4V
|
$156.18K |
|
RKVA
STU:RKVA
|
$156.18K |
|
BABCOCK INTL GRP - Dusseldorf Stock Exchang
DU:BW3
|
$155.67K |
|
NATL OILWELL VARCO
MU:NO8
|
$155.67K |
|
Mahube Infrastructure Ltd
JSE:MHB
|
$155.64K |
|
CHN
STU:CHN
|
$155.47K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Workforce Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 908,842,000 to 874,565,000, a change of -34,277,000 (-3.8%).
- Net loss of 30,977,000 reduced equity.
- Dividend payments of 1,198,000 reduced retained earnings.
- Other comprehensive income decreased equity by 6,300,999.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC-30.98 Million | -3.54% |
| Dividends Paid | ZAC1.20 Million | -0.14% |
| Other Comprehensive Income | ZAC-6.30 Million | -0.72% |
| Other Changes | ZAC4.20 Million | +0.48% |
| Total Change | ZAC- | -3.77% |
Book Value vs Market Value Analysis
This analysis compares Workforce Holdings 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: 40.01x
- 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 235.68x to 40.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | ZAC0.65 | ZAC154.00 | x |
| 2009-12-31 | ZAC0.70 | ZAC154.00 | x |
| 2010-12-31 | ZAC0.77 | ZAC154.00 | x |
| 2011-12-31 | ZAC0.87 | ZAC154.00 | x |
| 2012-12-31 | ZAC0.98 | ZAC154.00 | x |
| 2013-12-31 | ZAC0.94 | ZAC154.00 | x |
| 2014-12-31 | ZAC1.21 | ZAC154.00 | x |
| 2015-12-31 | ZAC1.50 | ZAC154.00 | x |
| 2016-12-31 | ZAC1.86 | ZAC154.00 | x |
| 2017-12-31 | ZAC2.28 | ZAC154.00 | x |
| 2018-12-31 | ZAC2.62 | ZAC154.00 | x |
| 2019-12-31 | ZAC2.99 | ZAC154.00 | x |
| 2020-12-31 | ZAC3.24 | ZAC154.00 | x |
| 2021-12-31 | ZAC3.66 | ZAC154.00 | x |
| 2022-12-31 | ZAC4.04 | ZAC154.00 | x |
| 2023-12-31 | ZAC3.85 | ZAC154.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Workforce Holdings 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): -3.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.69%
- • Asset Turnover: 2.84x
- • Equity Multiplier: 1.81x
- Recent ROE (-3.54%) is below the historical average (11.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.04% | 1.03% | 3.08x | 2.55x | ZAC-2.90 Million |
| 2009 | 7.36% | 1.12% | 2.74x | 2.40x | ZAC-4.18 Million |
| 2010 | 9.21% | 1.39% | 2.93x | 2.26x | ZAC-1.37 Million |
| 2011 | 11.88% | 1.74% | 3.01x | 2.27x | ZAC3.71 Million |
| 2012 | 10.53% | 1.55% | 2.88x | 2.36x | ZAC1.17 Million |
| 2013 | 1.66% | 0.21% | 3.11x | 2.51x | ZAC-17.72 Million |
| 2014 | 21.71% | 3.29% | 3.20x | 2.06x | ZAC31.94 Million |
| 2015 | 21.67% | 3.94% | 2.84x | 1.94x | ZAC41.36 Million |
| 2016 | 20.52% | 3.63% | 2.84x | 1.99x | ZAC46.95 Million |
| 2017 | 18.12% | 3.51% | 2.82x | 1.83x | ZAC44.16 Million |
| 2018 | 17.48% | 3.51% | 2.66x | 1.87x | ZAC45.33 Million |
| 2019 | 13.77% | 2.97% | 2.52x | 1.84x | ZAC26.24 Million |
| 2020 | 4.28% | 1.12% | 2.14x | 1.78x | ZAC-41.81 Million |
| 2021 | 10.78% | 2.54% | 2.40x | 1.76x | ZAC6.46 Million |
| 2022 | 11.61% | 2.44% | 2.60x | 1.83x | ZAC14.65 Million |
| 2023 | -3.54% | -0.69% | 2.84x | 1.81x | ZAC-118.43 Million |
Industry Comparison
This section compares Workforce Holdings Ltd's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $492,703,000
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Workforce Holdings Ltd (WKF) | ZAC910.48 Million | 8.04% | 0.75x | $155.79K |
| Adcorp (ADR) | $907.94 Million | 11.49% | 0.84x | $376.37K |
| Primeserv Group Ltd (PMV) | $77.46 Million | 7.37% | 0.89x | $111.39K |