Pennon Group Plc (PNN) - Net Assets
Based on the latest financial reports, Pennon Group Plc (PNN) has net assets worth GBX1.37 Billion GBX (≈ $166.09K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX7.38 Billion ≈ $898.44K USD) and total liabilities (GBX6.02 Billion ≈ $732.35K 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 Pennon Group Plc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.37 Billion |
| % of Total Assets | 18.49% |
| Annual Growth Rate | 6.72% |
| 5-Year Change | -51.4% |
| 10-Year Change | 21.62% |
| Growth Volatility | 37.46 |
Pennon Group Plc - Net Assets Trend (1986–2025)
This chart illustrates how Pennon Group Plc's net assets have evolved over time, based on quarterly financial data. Also explore Pennon Group Plc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Pennon Group Plc (1986–2025)
The table below shows the annual net assets of Pennon Group Plc from 1986 to 2025. For live valuation and market cap data, see Pennon Group Plc (PNN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX1.45 Billion ≈ $176.51K |
+24.78% |
| 2024-03-31 | GBX1.16 Billion ≈ $141.45K |
+3.32% |
| 2023-03-31 | GBX1.13 Billion ≈ $136.90K |
-11.72% |
| 2022-03-31 | GBX1.27 Billion ≈ $155.08K |
-57.30% |
| 2021-03-31 | GBX2.98 Billion ≈ $363.16K |
+110.88% |
| 2020-03-31 | GBX1.42 Billion ≈ $172.21K |
+2.34% |
| 2019-03-31 | GBX1.38 Billion ≈ $168.28K |
+3.03% |
| 2018-03-31 | GBX1.34 Billion ≈ $163.33K |
+10.54% |
| 2017-03-31 | GBX1.21 Billion ≈ $147.76K |
+1.81% |
| 2016-03-31 | GBX1.19 Billion ≈ $145.13K |
-11.91% |
| 2015-03-31 | GBX1.35 Billion ≈ $164.75K |
+13.07% |
| 2014-03-31 | GBX1.20 Billion ≈ $145.71K |
+11.71% |
| 2013-03-31 | GBX1.07 Billion ≈ $130.44K |
+30.41% |
| 2012-03-31 | GBX822.10 Million ≈ $100.03K |
+5.47% |
| 2011-03-31 | GBX779.50 Million ≈ $94.84K |
+17.59% |
| 2010-03-31 | GBX662.90 Million ≈ $80.66K |
+10.37% |
| 2009-03-31 | GBX600.60 Million ≈ $73.08K |
-6.20% |
| 2008-03-31 | GBX640.30 Million ≈ $77.91K |
+2.09% |
| 2007-03-31 | GBX627.20 Million ≈ $76.31K |
+7.91% |
| 2006-03-31 | GBX581.20 Million ≈ $70.72K |
-18.01% |
| 2005-03-31 | GBX708.90 Million ≈ $86.25K |
-21.20% |
| 2004-03-31 | GBX899.60 Million ≈ $109.46K |
+1.07% |
| 2003-03-31 | GBX890.10 Million ≈ $108.30K |
-8.82% |
| 2002-03-31 | GBX976.20 Million ≈ $118.78K |
+7.38% |
| 2001-03-31 | GBX909.10 Million ≈ $110.61K |
-3.63% |
| 2000-03-31 | GBX943.30 Million ≈ $114.77K |
+5.79% |
| 1999-03-31 | GBX891.70 Million ≈ $108.49K |
+10.26% |
| 1998-03-31 | GBX808.70 Million ≈ $98.40K |
-11.70% |
| 1997-03-31 | GBX915.90 Million ≈ $111.44K |
+9.02% |
| 1996-03-31 | GBX840.10 Million ≈ $102.22K |
-0.50% |
| 1995-03-31 | GBX844.30 Million ≈ $102.73K |
+2.80% |
| 1994-03-31 | GBX821.30 Million ≈ $99.93K |
+5.36% |
| 1993-03-31 | GBX779.50 Million ≈ $94.84K |
+5.59% |
| 1992-03-31 | GBX738.20 Million ≈ $89.82K |
+7.78% |
| 1991-03-31 | GBX684.90 Million ≈ $83.33K |
+8.39% |
| 1990-03-31 | GBX631.90 Million ≈ $76.88K |
+195.00% |
| 1989-03-31 | GBX214.20 Million ≈ $26.06K |
+21.29% |
| 1988-03-31 | GBX176.60 Million ≈ $21.49K |
+23.41% |
| 1987-03-31 | GBX143.10 Million ≈ $17.41K |
+24.43% |
| 1986-03-31 | GBX115.00 Million ≈ $13.99K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Pennon 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 115.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX248.00 Million | 17.12% |
| Common Stock | GBX288.10 Million | 19.89% |
| Other Comprehensive Income | GBX181.80 Million | 12.55% |
| Other Components | GBX730.30 Million | 50.43% |
| Total Equity | GBX1.45 Billion | 100.00% |
Pennon Group Plc Competitors by Market Cap
The table below lists competitors of Pennon Group Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dorsavi Ltd
AU:DVL
|
$31.12 Million |
|
Cosmos Yatirim Holding AS
IS:COSMO
|
$31.13 Million |
|
Maniker F & G Co. Ltd
KQ:195500
|
$31.13 Million |
|
Laird Superfood Inc
NYSE MKT:LSF
|
$31.13 Million |
|
Unifin Financiera S. A. B. de C. V
MX:UNIFINA
|
$31.11 Million |
|
Atlas Pearls Ltd
AU:ATP
|
$31.07 Million |
|
Polygiene AB
ST:POLYG
|
$31.05 Million |
|
Abico FS Co Ltd
TWO:8071
|
$31.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pennon Group Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,161,200,000 to 1,448,200,000, a change of 287,000,000 (24.7%).
- Net loss of 57,900,000 reduced equity.
- Dividend payments of 126,900,000 reduced retained earnings.
- New share issuances of 489,800,000 increased equity.
- Other comprehensive income decreased equity by 1,900,001.
- Other factors decreased equity by 16,099,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-57.90 Million | -4.0% |
| Dividends Paid | GBX126.90 Million | -8.76% |
| Share Issuances | GBX489.80 Million | +33.82% |
| Other Comprehensive Income | GBX-1.90 Million | -0.13% |
| Other Changes | GBX-16.10 Million | -1.11% |
| Total Change | GBX- | 24.72% |
Book Value vs Market Value Analysis
This analysis compares Pennon 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: 107.00x
- 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 1047.15x to 107.00x 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 | GBX0.52 | GBX542.00 | x |
| 1987-03-31 | GBX0.64 | GBX542.00 | x |
| 1988-03-31 | GBX0.79 | GBX542.00 | x |
| 1989-03-31 | GBX0.96 | GBX542.00 | x |
| 1990-03-31 | GBX2.84 | GBX542.00 | x |
| 1991-03-31 | GBX3.08 | GBX542.00 | x |
| 1992-03-31 | GBX3.31 | GBX542.00 | x |
| 1993-03-31 | GBX3.46 | GBX542.00 | x |
| 1994-03-31 | GBX3.60 | GBX542.00 | x |
| 1995-03-31 | GBX3.69 | GBX542.00 | x |
| 1996-03-31 | GBX3.64 | GBX542.00 | x |
| 1997-03-31 | GBX3.92 | GBX542.00 | x |
| 1998-03-31 | GBX3.39 | GBX542.00 | x |
| 1999-03-31 | GBX3.65 | GBX542.00 | x |
| 2000-03-31 | GBX3.80 | GBX542.00 | x |
| 2001-03-31 | GBX3.66 | GBX542.00 | x |
| 2002-03-31 | GBX3.92 | GBX542.00 | x |
| 2003-03-31 | GBX3.79 | GBX542.00 | x |
| 2004-03-31 | GBX3.98 | GBX542.00 | x |
| 2005-03-31 | GBX3.07 | GBX542.00 | x |
| 2006-03-31 | GBX2.26 | GBX542.00 | x |
| 2007-03-31 | GBX2.63 | GBX542.00 | x |
| 2008-03-31 | GBX2.73 | GBX542.00 | x |
| 2009-03-31 | GBX2.58 | GBX542.00 | x |
| 2010-03-31 | GBX2.83 | GBX542.00 | x |
| 2011-03-31 | GBX3.28 | GBX542.00 | x |
| 2012-03-31 | GBX3.42 | GBX542.00 | x |
| 2013-03-31 | GBX4.40 | GBX542.00 | x |
| 2014-03-31 | GBX4.87 | GBX542.00 | x |
| 2015-03-31 | GBX5.17 | GBX542.00 | x |
| 2016-03-31 | GBX4.34 | GBX542.00 | x |
| 2017-03-31 | GBX4.39 | GBX542.00 | x |
| 2018-03-31 | GBX4.80 | GBX542.00 | x |
| 2019-03-31 | GBX4.92 | GBX542.00 | x |
| 2020-03-31 | GBX5.03 | GBX542.00 | x |
| 2021-03-31 | GBX10.59 | GBX542.00 | x |
| 2022-03-31 | GBX4.06 | GBX542.00 | x |
| 2023-03-31 | GBX4.28 | GBX542.00 | x |
| 2024-03-31 | GBX4.36 | GBX542.00 | x |
| 2025-03-31 | GBX5.07 | GBX542.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pennon 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): -4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.53%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 4.87x
- Recent ROE (-4.00%) is below the historical average (10.85%), 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 | 20.78% | 28.69% | 0.29x | 2.46x | GBX12.40 Million |
| 1987 | 19.64% | 31.22% | 0.29x | 2.16x | GBX13.79 Million |
| 1988 | 18.97% | 34.90% | 0.28x | 1.94x | GBX15.84 Million |
| 1989 | 17.55% | 35.37% | 0.28x | 1.76x | GBX16.18 Million |
| 1990 | 5.82% | 30.41% | 0.17x | 1.11x | GBX-26.39 Million |
| 1991 | 11.74% | 55.91% | 0.16x | 1.34x | GBX11.91 Million |
| 1992 | 10.99% | 48.71% | 0.14x | 1.64x | GBX7.28 Million |
| 1993 | 10.80% | 43.31% | 0.14x | 1.79x | GBX6.25 Million |
| 1994 | 10.46% | 34.14% | 0.16x | 1.96x | GBX3.77 Million |
| 1995 | 6.51% | 19.22% | 0.17x | 2.00x | GBX-29.43 Million |
| 1996 | 11.76% | 31.42% | 0.20x | 1.89x | GBX14.79 Million |
| 1997 | 12.92% | 34.43% | 0.20x | 1.84x | GBX26.71 Million |
| 1998 | -1.29% | -2.72% | 0.22x | 2.18x | GBX-91.27 Million |
| 1999 | 12.24% | 24.96% | 0.24x | 2.06x | GBX19.93 Million |
| 2000 | 12.36% | 24.97% | 0.25x | 2.01x | GBX22.27 Million |
| 2001 | 6.23% | 13.01% | 0.20x | 2.36x | GBX-34.31 Million |
| 2002 | 7.59% | 17.48% | 0.18x | 2.36x | GBX-23.52 Million |
| 2003 | 6.42% | 13.69% | 0.18x | 2.66x | GBX-31.91 Million |
| 2004 | 6.84% | 13.05% | 0.18x | 2.85x | GBX-28.46 Million |
| 2005 | 9.25% | 11.90% | 0.20x | 3.81x | GBX-5.29 Million |
| 2006 | 6.50% | 5.85% | 0.24x | 4.70x | GBX-20.32 Million |
| 2007 | 14.97% | 12.55% | 0.25x | 4.76x | GBX31.18 Million |
| 2008 | 20.87% | 15.27% | 0.25x | 5.41x | GBX69.57 Million |
| 2009 | 14.95% | 9.37% | 0.27x | 5.95x | GBX29.74 Million |
| 2010 | 21.35% | 13.24% | 0.27x | 5.86x | GBX75.21 Million |
| 2011 | 22.01% | 14.80% | 0.28x | 5.31x | GBX93.65 Million |
| 2012 | 20.97% | 13.98% | 0.29x | 5.20x | GBX90.19 Million |
| 2013 | 1.92% | 1.72% | 0.25x | 4.45x | GBX-86.61 Million |
| 2014 | 11.90% | 10.79% | 0.27x | 4.16x | GBX22.74 Million |
| 2015 | 9.33% | 9.31% | 0.25x | 3.99x | GBX-9.11 Million |
| 2016 | 12.75% | 11.25% | 0.24x | 4.78x | GBX32.82 Million |
| 2017 | 13.53% | 12.14% | 0.23x | 4.90x | GBX42.86 Million |
| 2018 | 14.96% | 14.40% | 0.23x | 4.60x | GBX66.51 Million |
| 2019 | 16.75% | 36.60% | 0.10x | 4.67x | GBX93.31 Million |
| 2020 | 14.65% | 32.57% | 0.09x | 4.78x | GBX65.87 Million |
| 2021 | 2.66% | 12.74% | 0.10x | 2.15x | GBX-218.99 Million |
| 2022 | 1.21% | 1.94% | 0.15x | 4.19x | GBX-112.05 Million |
| 2023 | 0.01% | 0.01% | 0.15x | 4.61x | GBX-112.38 Million |
| 2024 | -0.82% | -1.05% | 0.15x | 5.37x | GBX-125.62 Million |
| 2025 | -4.00% | -5.53% | 0.15x | 4.87x | GBX-202.72 Million |
Industry Comparison
This section compares Pennon Group Plc's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $1,353,109,667
- Average return on equity (ROE) among peers: 17.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pennon Group Plc (PNN) | GBX1.37 Billion | 20.78% | 4.41x | $31.12 Million |
| The Alumasc Group plc (ALU) | $15.93 Million | 27.47% | 3.26x | $1.07 Million |
| Severn Trent PLC (SVT) | $1.90 Billion | 11.67% | 2.75x | $117.12 Million |
| United Utilities Group PLC (UU) | $2.14 Billion | 12.14% | 3.73x | $117.52 Million |
About Pennon Group Plc
Pennon Group Plc provides water and wastewater services in the United Kingdom. The company operates through two segments, Water and Non-Household Retail. Pennon Group Plc was incorporated in 1989 and is based in Exeter, the United Kingdom.