Macfarlane Group PLC (MACF) - Net Assets
Based on the latest financial reports, Macfarlane Group PLC (MACF) has net assets worth GBX120.56 Million GBX (≈ $14.67K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX277.79 Million ≈ $33.80K USD) and total liabilities (GBX157.23 Million ≈ $19.13K 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 strategic asset allocation of Macfarlane Group PLC to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX120.56 Million |
| % of Total Assets | 43.4% |
| Annual Growth Rate | 5.6% |
| 5-Year Change | 27.05% |
| 10-Year Change | 206.59% |
| Growth Volatility | 15.08 |
Macfarlane Group PLC - Net Assets Trend (1985–2025)
This chart illustrates how Macfarlane Group PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Macfarlane Group PLC stock valuation.
Annual Net Assets for Macfarlane Group PLC (1985–2025)
The table below shows the annual net assets of Macfarlane Group PLC from 1985 to 2025. Also explore how fast is Macfarlane Group PLC growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX120.56 Million ≈ $14.67K |
-2.20% |
| 2024-12-31 | GBX123.27 Million ≈ $15.00K |
+7.59% |
| 2023-12-31 | GBX114.58 Million ≈ $13.94K |
+8.07% |
| 2022-12-31 | GBX106.02 Million ≈ $12.90K |
+11.72% |
| 2021-12-31 | GBX94.89 Million ≈ $11.55K |
+18.95% |
| 2020-12-31 | GBX79.78 Million ≈ $9.71K |
+16.06% |
| 2019-12-31 | GBX68.74 Million ≈ $8.36K |
+9.92% |
| 2018-12-31 | GBX62.53 Million ≈ $7.61K |
+9.30% |
| 2017-12-31 | GBX57.21 Million ≈ $6.96K |
+45.49% |
| 2016-12-31 | GBX39.32 Million ≈ $4.78K |
+17.48% |
| 2015-12-31 | GBX33.47 Million ≈ $4.07K |
+10.67% |
| 2014-12-31 | GBX30.25 Million ≈ $3.68K |
+14.46% |
| 2013-12-31 | GBX26.42 Million ≈ $3.22K |
+10.02% |
| 2012-12-31 | GBX24.02 Million ≈ $2.92K |
+1.28% |
| 2011-12-31 | GBX23.71 Million ≈ $2.89K |
-12.92% |
| 2010-12-31 | GBX27.23 Million ≈ $3.31K |
+9.11% |
| 2009-12-31 | GBX24.96 Million ≈ $3.04K |
-8.89% |
| 2008-12-31 | GBX27.40 Million ≈ $3.33K |
-9.41% |
| 2007-12-31 | GBX30.25 Million ≈ $3.68K |
+1.41% |
| 2006-12-31 | GBX29.82 Million ≈ $3.63K |
+17.24% |
| 2005-12-31 | GBX25.44 Million ≈ $3.10K |
-4.51% |
| 2004-12-31 | GBX26.64 Million ≈ $3.24K |
-33.18% |
| 2003-12-31 | GBX39.87 Million ≈ $4.85K |
-31.83% |
| 2002-12-31 | GBX58.49 Million ≈ $7.12K |
-17.24% |
| 2001-12-31 | GBX70.67 Million ≈ $8.60K |
+2.66% |
| 2000-12-31 | GBX68.84 Million ≈ $8.38K |
+1.70% |
| 1999-12-31 | GBX67.69 Million ≈ $8.24K |
-9.02% |
| 1998-12-31 | GBX74.40 Million ≈ $9.05K |
+6.96% |
| 1997-12-31 | GBX69.56 Million ≈ $8.46K |
+7.68% |
| 1996-12-31 | GBX64.60 Million ≈ $7.86K |
+4.69% |
| 1995-12-31 | GBX61.70 Million ≈ $7.51K |
+17.95% |
| 1994-12-31 | GBX52.31 Million ≈ $6.36K |
+7.10% |
| 1993-12-31 | GBX48.84 Million ≈ $5.94K |
+15.07% |
| 1992-12-31 | GBX42.45 Million ≈ $5.16K |
+11.63% |
| 1991-12-31 | GBX38.02 Million ≈ $4.63K |
+4.91% |
| 1990-12-31 | GBX36.25 Million ≈ $4.41K |
+30.50% |
| 1989-12-31 | GBX27.78 Million ≈ $3.38K |
+9.71% |
| 1988-12-31 | GBX25.32 Million ≈ $3.08K |
+16.48% |
| 1987-12-31 | GBX21.73 Million ≈ $2.64K |
+36.80% |
| 1986-12-31 | GBX15.89 Million ≈ $1.93K |
+16.74% |
| 1985-12-31 | GBX13.61 Million ≈ $1.66K |
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Equity Component Analysis
This analysis shows how different components contribute to Macfarlane 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 1227.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX66.15 Million | 54.87% |
| Common Stock | GBX39.32 Million | 32.61% |
| Other Comprehensive Income | GBX884.00K | 0.73% |
| Other Components | GBX14.21 Million | 11.78% |
| Total Equity | GBX120.56 Million | 100.00% |
Macfarlane Group PLC Competitors by Market Cap
The table below lists competitors of Macfarlane Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BlackRock Latin American Investment Trust plc
LSE:BRLA
|
$1.50 Million |
|
Pharos Energy plc
LSE:PHAR
|
$1.51 Million |
|
Phoenix Spree Deutschland Ltd
LSE:PSDL
|
$1.51 Million |
|
INCUVO S.A. ZY -50
F:68X
|
$1.51 Million |
|
BBS-Bioactive Bone Substitutes Oyj
HE:BONEH
|
$1.50 Million |
|
WILDCAT PRETR.LS -000028
F:8Y6
|
$1.50 Million |
|
Jiuzi Holdings Inc
NASDAQ:JZXN
|
$1.50 Million |
|
Heritage Distilling Holding Company, Inc.
NASDAQ:IPST
|
$1.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Macfarlane Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 123,273,000 to 120,562,000, a change of -2,711,000 (-2.2%).
- Net income of 6,316,000 contributed positively to equity growth.
- Dividend payments of 5,822,000 reduced retained earnings.
- Share repurchases of 2,130,000 reduced equity.
- Other comprehensive income increased equity by 793,000.
- Other factors decreased equity by 1,868,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX6.32 Million | +5.24% |
| Dividends Paid | GBX5.82 Million | -4.83% |
| Share Repurchases | GBX2.13 Million | -1.77% |
| Other Comprehensive Income | GBX793.00K | +0.66% |
| Other Changes | GBX-1.87 Million | -1.55% |
| Total Change | GBX- | -2.20% |
Book Value vs Market Value Analysis
This analysis compares Macfarlane 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: 103.93x
- 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 606.83x to 103.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | GBX0.13 | GBX79.00 | x |
| 1986-12-31 | GBX0.15 | GBX79.00 | x |
| 1987-12-31 | GBX0.21 | GBX79.00 | x |
| 1988-12-31 | GBX0.23 | GBX79.00 | x |
| 1989-12-31 | GBX0.25 | GBX79.00 | x |
| 1990-12-31 | GBX0.32 | GBX79.00 | x |
| 1991-12-31 | GBX0.34 | GBX79.00 | x |
| 1992-12-31 | GBX0.37 | GBX79.00 | x |
| 1993-12-31 | GBX0.43 | GBX79.00 | x |
| 1994-12-31 | GBX0.44 | GBX79.00 | x |
| 1995-12-31 | GBX0.51 | GBX79.00 | x |
| 1996-12-31 | GBX0.53 | GBX79.00 | x |
| 1997-12-31 | GBX0.55 | GBX79.00 | x |
| 1998-12-31 | GBX0.59 | GBX79.00 | x |
| 1999-12-31 | GBX0.53 | GBX79.00 | x |
| 2000-12-31 | GBX0.54 | GBX79.00 | x |
| 2001-12-31 | GBX0.57 | GBX79.00 | x |
| 2002-12-31 | GBX0.47 | GBX79.00 | x |
| 2003-12-31 | GBX0.35 | GBX79.00 | x |
| 2004-12-31 | GBX0.24 | GBX79.00 | x |
| 2005-12-31 | GBX0.22 | GBX79.00 | x |
| 2006-12-31 | GBX0.26 | GBX79.00 | x |
| 2007-12-31 | GBX0.27 | GBX79.00 | x |
| 2008-12-31 | GBX0.24 | GBX79.00 | x |
| 2009-12-31 | GBX0.22 | GBX79.00 | x |
| 2010-12-31 | GBX0.24 | GBX79.00 | x |
| 2011-12-31 | GBX0.21 | GBX79.00 | x |
| 2012-12-31 | GBX0.21 | GBX79.00 | x |
| 2013-12-31 | GBX0.23 | GBX79.00 | x |
| 2014-12-31 | GBX0.26 | GBX79.00 | x |
| 2015-12-31 | GBX0.27 | GBX79.00 | x |
| 2016-12-31 | GBX0.30 | GBX79.00 | x |
| 2017-12-31 | GBX0.40 | GBX79.00 | x |
| 2018-12-31 | GBX0.40 | GBX79.00 | x |
| 2019-12-31 | GBX0.43 | GBX79.00 | x |
| 2020-12-31 | GBX0.50 | GBX79.00 | x |
| 2021-12-31 | GBX0.60 | GBX79.00 | x |
| 2022-12-31 | GBX0.66 | GBX79.00 | x |
| 2023-12-31 | GBX0.71 | GBX79.00 | x |
| 2024-12-31 | GBX0.77 | GBX79.00 | x |
| 2025-12-31 | GBX0.76 | GBX79.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Macfarlane 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): 5.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.10%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 2.30x
- Recent ROE (5.24%) is below the historical average (11.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 17.05% | 4.82% | 1.88x | 1.88x | GBX960.00K |
| 1986 | 18.38% | 5.35% | 1.74x | 1.98x | GBX1.33 Million |
| 1987 | 17.80% | 5.76% | 1.55x | 2.00x | GBX1.70 Million |
| 1988 | 18.15% | 5.38% | 1.67x | 2.02x | GBX2.06 Million |
| 1989 | 21.73% | 6.62% | 1.59x | 2.07x | GBX3.26 Million |
| 1990 | 24.63% | 8.70% | 1.74x | 1.62x | GBX5.30 Million |
| 1991 | 11.87% | 5.46% | 1.48x | 1.47x | GBX712.50K |
| 1992 | 15.66% | 7.64% | 1.42x | 1.44x | GBX2.40 Million |
| 1993 | 17.53% | 8.85% | 1.36x | 1.46x | GBX3.68 Million |
| 1994 | 20.69% | 9.25% | 1.37x | 1.63x | GBX5.59 Million |
| 1995 | 23.65% | 9.20% | 1.65x | 1.56x | GBX8.42 Million |
| 1996 | 21.61% | 8.89% | 1.53x | 1.59x | GBX7.50 Million |
| 1997 | 22.25% | 8.01% | 1.51x | 1.85x | GBX8.52 Million |
| 1998 | 14.26% | 5.52% | 1.47x | 1.76x | GBX3.17 Million |
| 1999 | -0.59% | -0.20% | 1.56x | 1.86x | GBX-7.17 Million |
| 2000 | 11.23% | 3.91% | 1.41x | 2.05x | GBX848.30K |
| 2001 | -6.36% | -2.27% | 1.72x | 1.63x | GBX-11.56 Million |
| 2002 | -6.53% | -2.55% | 1.39x | 1.84x | GBX-9.67 Million |
| 2003 | -43.22% | -13.16% | 1.51x | 2.17x | GBX-21.22 Million |
| 2004 | -0.89% | -0.19% | 1.42x | 3.25x | GBX-2.90 Million |
| 2005 | 13.31% | 2.66% | 1.54x | 3.25x | GBX841.10K |
| 2006 | 6.88% | 1.93% | 1.31x | 2.71x | GBX-931.50K |
| 2007 | 6.05% | 1.53% | 1.52x | 2.60x | GBX-1.19 Million |
| 2008 | 6.55% | 1.37% | 1.56x | 3.08x | GBX-944.80K |
| 2009 | 9.30% | 1.88% | 1.50x | 3.31x | GBX-175.10K |
| 2010 | 10.96% | 2.20% | 1.61x | 3.08x | GBX262.50K |
| 2011 | 14.42% | 2.37% | 1.65x | 3.69x | GBX1.05 Million |
| 2012 | 17.45% | 2.95% | 1.71x | 3.46x | GBX1.79 Million |
| 2013 | 13.08% | 2.40% | 1.76x | 3.10x | GBX813.60K |
| 2014 | 14.69% | 2.89% | 1.60x | 3.19x | GBX1.42 Million |
| 2015 | 16.28% | 3.22% | 1.66x | 3.05x | GBX2.10 Million |
| 2016 | 15.39% | 3.37% | 1.52x | 3.02x | GBX2.12 Million |
| 2017 | 12.98% | 3.79% | 1.41x | 2.42x | GBX1.70 Million |
| 2018 | 13.98% | 4.02% | 1.53x | 2.27x | GBX2.49 Million |
| 2019 | 13.97% | 4.26% | 1.30x | 2.51x | GBX2.73 Million |
| 2020 | 12.75% | 4.84% | 1.22x | 2.16x | GBX2.19 Million |
| 2021 | 13.28% | 4.76% | 1.22x | 2.28x | GBX3.11 Million |
| 2022 | 14.75% | 5.38% | 1.34x | 2.04x | GBX5.04 Million |
| 2023 | 13.07% | 5.33% | 1.27x | 1.93x | GBX3.52 Million |
| 2024 | 12.60% | 5.74% | 1.10x | 2.00x | GBX3.20 Million |
| 2025 | 5.24% | 2.10% | 1.08x | 2.30x | GBX-5.74 Million |
Industry Comparison
This section compares Macfarlane Group PLC's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $807,841,750
- Average return on equity (ROE) among peers: -8.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Macfarlane Group PLC (MACF) | GBX120.56 Million | 17.05% | 1.30x | $1.50 Million |
| Coral Products (CRU) | $12.74 Million | 3.73% | 0.41x | $52.42K |
| Robinson plc (RBN) | $22.93 Million | 3.03% | 0.76x | $259.90K |
| Smurfit Westrock Plc (SWR) | $3.19 Billion | 6.72% | 2.96x | $214.34 Million |
| Symphony Environmental Technologies plc (SYM) | $3.27 Million | -47.16% | 0.26x | $230.07K |
About Macfarlane Group PLC
Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. It operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe. The Manufacturing Operations segment desi… Read more