Associated British Foods PLC (ABF) - Net Assets
Based on the latest financial reports, Associated British Foods PLC (ABF) has net assets worth GBX11.19 Billion GBX (≈ $1.36 Million USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX19.29 Billion ≈ $2.35 Million USD) and total liabilities (GBX8.11 Billion ≈ $986.14K 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 Associated British Foods PLC (ABF) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX11.19 Billion |
| % of Total Assets | 57.99% |
| Annual Growth Rate | 6.51% |
| 5-Year Change | 11.82% |
| 10-Year Change | 57.06% |
| Growth Volatility | 10.87 |
Associated British Foods PLC - Net Assets Trend (1986–2025)
This chart illustrates how Associated British Foods PLC's net assets have evolved over time, based on quarterly financial data. Also explore Associated British Foods PLC assets under control for the complete picture of this company's asset base.
Annual Net Assets for Associated British Foods PLC (1986–2025)
The table below shows the annual net assets of Associated British Foods PLC from 1986 to 2025. For live valuation and market cap data, see ABF stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | GBX11.19 Billion ≈ $1.36 Million |
-0.82% |
| 2024-09-30 | GBX11.28 Billion ≈ $1.37 Million |
+0.76% |
| 2023-09-30 | GBX11.19 Billion ≈ $1.36 Million |
-3.12% |
| 2022-09-30 | GBX11.55 Billion ≈ $1.41 Million |
+15.49% |
| 2021-09-30 | GBX10.00 Billion ≈ $1.22 Million |
+5.99% |
| 2020-08-31 | GBX9.44 Billion ≈ $1.15 Million |
-1.16% |
| 2019-08-31 | GBX9.55 Billion ≈ $1.16 Million |
+2.73% |
| 2018-08-31 | GBX9.30 Billion ≈ $1.13 Million |
+10.51% |
| 2017-09-30 | GBX8.41 Billion ≈ $1.02 Million |
+18.11% |
| 2016-09-30 | GBX7.12 Billion ≈ $866.54K |
+9.38% |
| 2015-08-31 | GBX6.51 Billion ≈ $792.20K |
-2.94% |
| 2014-08-31 | GBX6.71 Billion ≈ $816.17K |
+2.90% |
| 2013-08-31 | GBX6.52 Billion ≈ $793.17K |
+4.44% |
| 2012-08-31 | GBX6.24 Billion ≈ $759.47K |
+1.09% |
| 2011-08-31 | GBX6.17 Billion ≈ $751.32K |
+7.50% |
| 2010-08-31 | GBX5.74 Billion ≈ $698.88K |
+13.16% |
| 2009-08-31 | GBX5.08 Billion ≈ $617.60K |
+4.79% |
| 2008-08-31 | GBX4.84 Billion ≈ $589.37K |
+8.51% |
| 2007-08-31 | GBX4.46 Billion ≈ $543.14K |
+6.74% |
| 2006-08-31 | GBX4.18 Billion ≈ $508.83K |
+7.87% |
| 2005-08-31 | GBX3.88 Billion ≈ $471.72K |
+10.90% |
| 2004-08-31 | GBX3.50 Billion ≈ $425.36K |
+6.04% |
| 2003-08-31 | GBX3.30 Billion ≈ $401.15K |
+7.53% |
| 2002-08-31 | GBX3.07 Billion ≈ $373.04K |
+7.02% |
| 2001-08-31 | GBX2.87 Billion ≈ $348.59K |
+0.84% |
| 2000-08-31 | GBX2.84 Billion ≈ $345.67K |
+3.20% |
| 1999-08-31 | GBX2.75 Billion ≈ $334.96K |
-10.12% |
| 1998-08-31 | GBX3.06 Billion ≈ $372.68K |
+2.51% |
| 1997-08-31 | GBX2.99 Billion ≈ $363.55K |
+18.29% |
| 1996-08-31 | GBX2.53 Billion ≈ $307.34K |
+8.74% |
| 1995-08-31 | GBX2.32 Billion ≈ $282.64K |
+8.40% |
| 1994-08-31 | GBX2.14 Billion ≈ $260.74K |
+11.50% |
| 1993-08-31 | GBX1.92 Billion ≈ $233.85K |
+10.27% |
| 1992-08-31 | GBX1.74 Billion ≈ $212.07K |
+4.02% |
| 1991-08-31 | GBX1.68 Billion ≈ $203.87K |
-14.39% |
| 1990-03-31 | GBX1.96 Billion ≈ $238.13K |
+12.92% |
| 1989-03-31 | GBX1.73 Billion ≈ $210.89K |
+11.52% |
| 1988-03-31 | GBX1.55 Billion ≈ $189.10K |
+4.13% |
| 1987-03-31 | GBX1.49 Billion ≈ $181.59K |
+60.14% |
| 1986-03-31 | GBX932.00 Million ≈ $113.40K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Associated British Foods PLC'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 1258.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX11.38 Billion | 102.88% |
| Common Stock | GBX40.00 Million | 0.36% |
| Other Comprehensive Income | GBX-359.00 Million | -3.25% |
| Total Equity | GBX11.06 Billion | 100.00% |
Associated British Foods PLC Competitors by Market Cap
The table below lists competitors of Associated British Foods PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Dividend Growth Split Corp Class A
TO:GDV
|
$157.42 Million |
|
Southern Silver Exploration Corp.
V:SSV
|
$157.44 Million |
|
KORE Group Holdings Inc
NYSE:KORE
|
$157.48 Million |
|
Atrem S.A.
WAR:ATR
|
$157.50 Million |
|
Brand Engagement Network Inc
NASDAQ:BNAI
|
$157.29 Million |
|
Forth Smart Service Public Company Limited
BK:FSMART
|
$157.28 Million |
|
Sermsang Power Corporation Public Company Limited
BK:SSP
|
$157.24 Million |
|
Ordinary Fully Paid Deferred Settlement
AU:BTRDA
|
$157.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Associated British Foods PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,186,000,000 to 11,059,000,000, a change of -127,000,000 (-1.1%).
- Net income of 1,025,000,000 contributed positively to equity growth.
- Dividend payments of 656,000,000 reduced retained earnings.
- Share repurchases of 629,000,000 reduced equity.
- Other comprehensive income decreased equity by 108,000,000.
- Other factors increased equity by 241,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.02 Billion | +9.27% |
| Dividends Paid | GBX656.00 Million | -5.93% |
| Share Repurchases | GBX629.00 Million | -5.69% |
| Other Comprehensive Income | GBX-108.00 Million | -0.98% |
| Other Changes | GBX241.00 Million | +2.18% |
| Total Change | GBX- | -1.14% |
Book Value vs Market Value Analysis
This analysis compares Associated British Foods PLC'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: 120.00x
- 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 1400.04x to 120.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | GBX1.31 | GBX1833.00 | x |
| 1987-03-31 | GBX1.99 | GBX1833.00 | x |
| 1988-03-31 | GBX1.95 | GBX1833.00 | x |
| 1989-03-31 | GBX2.16 | GBX1833.00 | x |
| 1990-03-31 | GBX2.44 | GBX1833.00 | x |
| 1991-08-31 | GBX2.07 | GBX1833.00 | x |
| 1992-08-31 | GBX2.16 | GBX1833.00 | x |
| 1993-08-31 | GBX2.38 | GBX1833.00 | x |
| 1994-08-31 | GBX2.64 | GBX1833.00 | x |
| 1995-08-31 | GBX2.85 | GBX1833.00 | x |
| 1996-08-31 | GBX3.10 | GBX1833.00 | x |
| 1997-08-31 | GBX3.68 | GBX1833.00 | x |
| 1998-08-31 | GBX3.80 | GBX1833.00 | x |
| 1999-08-31 | GBX3.11 | GBX1833.00 | x |
| 2000-08-31 | GBX3.50 | GBX1833.00 | x |
| 2001-08-31 | GBX3.54 | GBX1833.00 | x |
| 2002-08-31 | GBX3.79 | GBX1833.00 | x |
| 2003-08-31 | GBX4.19 | GBX1833.00 | x |
| 2004-08-31 | GBX4.40 | GBX1833.00 | x |
| 2005-08-31 | GBX4.88 | GBX1833.00 | x |
| 2006-08-31 | GBX5.01 | GBX1833.00 | x |
| 2007-08-31 | GBX5.37 | GBX1833.00 | x |
| 2008-08-31 | GBX5.76 | GBX1833.00 | x |
| 2009-08-31 | GBX6.02 | GBX1833.00 | x |
| 2010-08-31 | GBX6.72 | GBX1833.00 | x |
| 2011-08-31 | GBX7.29 | GBX1833.00 | x |
| 2012-08-31 | GBX7.42 | GBX1833.00 | x |
| 2013-08-31 | GBX7.79 | GBX1833.00 | x |
| 2014-08-31 | GBX8.13 | GBX1833.00 | x |
| 2015-08-31 | GBX8.00 | GBX1833.00 | x |
| 2016-09-30 | GBX8.92 | GBX1833.00 | x |
| 2018-08-31 | GBX11.66 | GBX1833.00 | x |
| 2019-08-31 | GBX11.96 | GBX1833.00 | x |
| 2020-08-31 | GBX11.84 | GBX1833.00 | x |
| 2021-09-30 | GBX12.56 | GBX1833.00 | x |
| 2022-09-30 | GBX14.51 | GBX1833.00 | x |
| 2023-09-30 | GBX14.26 | GBX1833.00 | x |
| 2024-09-30 | GBX14.89 | GBX1833.00 | x |
| 2025-08-31 | GBX15.27 | GBX1833.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Associated British Foods PLC 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): 9.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.27%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.74x
- Recent ROE (9.27%) is below the historical average (10.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 12.19% | 3.57% | 2.08x | 1.64x | GBX20.09 Million |
| 1987 | 30.56% | 20.50% | 1.13x | 1.32x | GBX303.69 Million |
| 1988 | 7.11% | 4.79% | 1.13x | 1.32x | GBX-44.16 Million |
| 1989 | 11.53% | 7.86% | 1.13x | 1.30x | GBX26.06 Million |
| 1990 | 13.89% | 9.63% | 1.12x | 1.29x | GBX74.80 Million |
| 1991 | 11.84% | 3.97% | 1.76x | 1.69x | GBX30.04 Million |
| 1992 | 9.72% | 4.20% | 1.44x | 1.61x | GBX-4.70 Million |
| 1993 | 12.14% | 5.20% | 1.49x | 1.57x | GBX40.20 Million |
| 1994 | 14.74% | 6.82% | 1.41x | 1.53x | GBX99.00 Million |
| 1995 | 11.07% | 5.11% | 1.45x | 1.50x | GBX24.20 Million |
| 1996 | 11.33% | 4.87% | 1.56x | 1.49x | GBX32.70 Million |
| 1997 | 23.35% | 13.09% | 1.30x | 1.37x | GBX389.30 Million |
| 1998 | 8.84% | 6.32% | 1.05x | 1.34x | GBX-34.70 Million |
| 1999 | 6.88% | 4.28% | 1.16x | 1.38x | GBX-83.40 Million |
| 2000 | 4.99% | 3.13% | 1.14x | 1.40x | GBX-138.30 Million |
| 2001 | 8.71% | 5.50% | 1.13x | 1.40x | GBX-36.00 Million |
| 2002 | 10.77% | 7.08% | 1.04x | 1.47x | GBX22.90 Million |
| 2003 | 9.87% | 6.64% | 1.04x | 1.43x | GBX-4.40 Million |
| 2004 | 9.86% | 6.62% | 1.05x | 1.42x | GBX-4.90 Million |
| 2005 | 9.85% | 6.74% | 0.93x | 1.58x | GBX-5.80 Million |
| 2006 | 7.60% | 5.02% | 0.92x | 1.64x | GBX-94.80 Million |
| 2007 | 8.69% | 5.43% | 0.97x | 1.64x | GBX-55.40 Million |
| 2008 | 7.84% | 4.34% | 1.01x | 1.79x | GBX-98.40 Million |
| 2009 | 7.56% | 3.88% | 1.02x | 1.90x | GBX-115.80 Million |
| 2010 | 10.32% | 5.37% | 1.09x | 1.75x | GBX16.70 Million |
| 2011 | 9.41% | 4.89% | 1.08x | 1.77x | GBX-33.80 Million |
| 2012 | 9.48% | 4.53% | 1.19x | 1.75x | GBX-30.50 Million |
| 2013 | 9.50% | 4.39% | 1.28x | 1.69x | GBX-30.50 Million |
| 2014 | 11.87% | 5.89% | 1.24x | 1.62x | GBX120.00 Million |
| 2015 | 8.35% | 4.13% | 1.25x | 1.62x | GBX-104.10 Million |
| 2016 | 11.60% | 6.10% | 1.18x | 1.61x | GBX112.60 Million |
| 2018 | 10.93% | 6.47% | 1.14x | 1.49x | GBX85.90 Million |
| 2019 | 9.29% | 5.55% | 1.15x | 1.46x | GBX-67.20 Million |
| 2020 | 4.86% | 3.26% | 0.84x | 1.78x | GBX-480.50 Million |
| 2021 | 4.82% | 3.44% | 0.82x | 1.70x | GBX-514.10 Million |
| 2022 | 6.11% | 4.12% | 0.86x | 1.73x | GBX-444.80 Million |
| 2023 | 9.41% | 5.29% | 1.05x | 1.70x | GBX-65.30 Million |
| 2024 | 13.01% | 7.25% | 1.06x | 1.70x | GBX336.40 Million |
| 2025 | 9.27% | 5.27% | 1.01x | 1.74x | GBX-80.90 Million |
Industry Comparison
This section compares Associated British Foods PLC's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $144,618,556
- Average return on equity (ROE) among peers: 5.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associated British Foods PLC (ABF) | GBX11.19 Billion | 12.19% | 0.72x | $157.41 Million |
| Anpario Plc (ANP) | $30.52 Million | 9.78% | 0.22x | $1.10 Million |
| Bakkavor Group PLC (BAKK) | $88.21 Million | 0.00% | 2.09x | $18.25 Million |
| Benchmark Holdings Plc (BMK) | $323.29 Million | -9.42% | 0.63x | $135.69 Million |
| Carr's Group plc (CARR) | $67.86 Million | 12.54% | 1.43x | $840.50K |
| Cranswick PLC (CWK) | $245.93 Million | 15.24% | 0.63x | $34.96 Million |
| Greencore Group (GNC) | $492.00 Million | 11.71% | 1.59x | $12.99 Million |
| Hilton Food Group Plc (HFG) | $221.94 Million | 17.90% | 3.75x | $5.89 Million |
| Premier Foods PLC (PFD) | $-180.20 Million | 0.00% | 0.00x | $20.77 Million |
| Science in Sport plc (SIS) | $12.02 Million | -12.56% | 0.13x | $938.40K |
About Associated British Foods PLC
Associated British Foods plc engages in the food, ingredients, and retail businesses worldwide. It operates through five segments: Retail, Grocery, Ingredients, Sugar, and Agriculture. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women's, men's, and kidswear, as well as beauty, homeware, and accessor… Read more