Kitwave Group PLC (KITW) - Net Assets
Based on the latest financial reports, Kitwave Group PLC (KITW) has net assets worth GBX123.16 Million GBX (≈ $14.99K USD) as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX379.02 Million ≈ $46.12K USD) and total liabilities (GBX255.86 Million ≈ $31.13K 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 Kitwave Group PLC (KITW) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX123.16 Million |
| % of Total Assets | 32.49% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 61.49 |
Kitwave Group PLC - Net Assets Trend (2016–2024)
This chart illustrates how Kitwave Group PLC's net assets have evolved over time, based on quarterly financial data. Also explore KITW total assets for the complete picture of this company's asset base.
Annual Net Assets for Kitwave Group PLC (2016–2024)
The table below shows the annual net assets of Kitwave Group PLC from 2016 to 2024. For live valuation and market cap data, see Kitwave Group PLC (KITW) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | GBX124.55 Million ≈ $15.15K |
+47.49% |
| 2023-10-31 | GBX84.44 Million ≈ $10.27K |
+17.47% |
| 2022-10-31 | GBX71.89 Million ≈ $8.75K |
+16.73% |
| 2021-10-31 | GBX61.58 Million ≈ $7.49K |
+116296.23% |
| 2020-10-31 | GBX-53.00K ≈ $-6.45 |
-111.86% |
| 2019-04-30 | GBX447.00K ≈ $54.39 |
+113.93% |
| 2018-04-30 | GBX-3.21 Million ≈ $-390.56 |
+65.44% |
| 2017-04-30 | GBX-9.29 Million ≈ $-1.13K |
-7.95% |
| 2016-04-30 | GBX-8.60 Million ≈ $-1.05K |
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Equity Component Analysis
This analysis shows how different components contribute to Kitwave Group 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 416.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX59.41 Million | 47.70% |
| Common Stock | GBX804.00K | 0.65% |
| Other Comprehensive Income | GBX-29.86 Million | -23.97% |
| Other Components | GBX94.19 Million | 75.62% |
| Total Equity | GBX124.55 Million | 100.00% |
Kitwave Group PLC Competitors by Market Cap
The table below lists competitors of Kitwave Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gooch & Housego Plc
LSE:GHH
|
$3.00 Million |
|
Metalex Ventures Ltd.
V:MTX
|
$3.00 Million |
|
Automax Motors Ltd
TA:AMX
|
$3.00 Million |
|
James Fisher and Sons PLC
LSE:FSJ
|
$3.00 Million |
|
BP Prudhoe Bay Royalty Trust
NYSE:BPT
|
$2.99 Million |
|
Century Global Commodities Corp
TO:CNT
|
$2.99 Million |
|
MQ Technology Bhd
KLSE:0070
|
$2.99 Million |
|
Geekco Technologies Corp
V:GKO
|
$2.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kitwave Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 84,445,000 to 124,545,000, a change of 40,100,000 (47.5%).
- Net income of 16,718,000 contributed positively to equity growth.
- Dividend payments of 7,922,000 reduced retained earnings.
- New share issuances of 30,106,000 increased equity.
- Other comprehensive income increased equity by 1,198,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX16.72 Million | +13.42% |
| Dividends Paid | GBX7.92 Million | -6.36% |
| Share Issuances | GBX30.11 Million | +24.17% |
| Other Comprehensive Income | GBX1.20 Million | +0.96% |
| Total Change | GBX- | 47.49% |
Book Value vs Market Value Analysis
This analysis compares Kitwave Group 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: 175.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-04-30 | GBX-0.12 | GBX294.00 | x |
| 2017-04-30 | GBX-0.13 | GBX294.00 | x |
| 2018-04-30 | GBX-0.05 | GBX294.00 | x |
| 2019-04-30 | GBX0.01 | GBX294.00 | x |
| 2020-10-31 | GBX0.00 | GBX294.00 | x |
| 2021-10-31 | GBX0.88 | GBX294.00 | x |
| 2022-10-31 | GBX1.03 | GBX294.00 | x |
| 2023-10-31 | GBX1.16 | GBX294.00 | x |
| 2024-10-31 | GBX1.67 | GBX294.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kitwave Group 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): 13.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.52%
- • Asset Turnover: 1.85x
- • Equity Multiplier: 2.88x
- Recent ROE (13.42%) is below the historical average (97.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.65% | 6.68x | 0.00x | GBX4.93 Million |
| 2017 | 0.00% | -0.23% | 2.59x | 0.00x | GBX244.80K |
| 2018 | 0.00% | 1.01% | 2.90x | 0.00x | GBX3.75 Million |
| 2019 | 818.12% | 1.00% | 2.97x | 276.26x | GBX3.61 Million |
| 2020 | 0.00% | -0.08% | 4.56x | 0.00x | GBX-494.70K |
| 2021 | 1.78% | 0.29% | 2.56x | 2.42x | GBX-5.06 Million |
| 2022 | 19.95% | 2.85% | 2.80x | 2.50x | GBX7.15 Million |
| 2023 | 22.45% | 3.15% | 2.87x | 2.48x | GBX10.51 Million |
| 2024 | 13.42% | 2.52% | 1.85x | 2.88x | GBX4.26 Million |
Industry Comparison
This section compares Kitwave Group PLC's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $250,300,000
- Average return on equity (ROE) among peers: 22.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kitwave Group PLC (KITW) | GBX123.16 Million | 0.00% | 2.08x | $3.00 Million |
| Bunzl PLC (BNZL) | $250.30 Million | 22.25% | 2.09x | $95.25 Million |
About Kitwave Group PLC
Kitwave Group plc engages in the food and drink wholesale business in the United Kingdom. The company operates through Ambient, Frozen & Chilled, and Foodservice divisions. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. It serves independent convenience stores, vending operators, national retailers, and other wholesalers. The Frozen & Chilled division of… Read more