Smiths Group PLC (SMIN) - Net Assets
Based on the latest financial reports, Smiths Group PLC (SMIN) has net assets worth GBX2.06 Billion GBX (≈ $250.64K USD) as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX4.01 Billion ≈ $488.02K USD) and total liabilities (GBX1.95 Billion ≈ $237.38K 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 Smiths Group PLC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.06 Billion |
| % of Total Assets | 51.36% |
| Annual Growth Rate | 6.55% |
| 5-Year Change | -14.98% |
| 10-Year Change | 24.1% |
| Growth Volatility | 21.82 |
Smiths Group PLC - Net Assets Trend (1986–2025)
This chart illustrates how Smiths Group PLC's net assets have evolved over time, based on quarterly financial data. Also explore how large is Smiths Group PLC's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Smiths Group PLC (1986–2025)
The table below shows the annual net assets of Smiths Group PLC from 1986 to 2025. For live valuation and market cap data, see market value of Smiths Group PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | GBX2.06 Billion ≈ $250.64K |
-8.53% |
| 2024-07-31 | GBX2.25 Billion ≈ $274.00K |
-6.40% |
| 2023-07-31 | GBX2.41 Billion ≈ $292.74K |
-11.58% |
| 2022-07-31 | GBX2.72 Billion ≈ $331.07K |
+12.30% |
| 2021-07-31 | GBX2.42 Billion ≈ $294.81K |
+1.21% |
| 2020-07-31 | GBX2.39 Billion ≈ $291.28K |
+0.55% |
| 2019-07-31 | GBX2.38 Billion ≈ $289.70K |
+4.06% |
| 2018-07-31 | GBX2.29 Billion ≈ $278.38K |
+8.75% |
| 2017-07-31 | GBX2.10 Billion ≈ $256.00K |
+26.75% |
| 2016-07-31 | GBX1.66 Billion ≈ $201.97K |
+16.25% |
| 2015-07-31 | GBX1.43 Billion ≈ $173.75K |
+14.66% |
| 2014-07-31 | GBX1.25 Billion ≈ $151.53K |
-16.62% |
| 2013-07-31 | GBX1.49 Billion ≈ $181.73K |
+52.28% |
| 2012-07-31 | GBX980.80 Million ≈ $119.33K |
-28.92% |
| 2011-07-31 | GBX1.38 Billion ≈ $167.89K |
+25.47% |
| 2010-07-31 | GBX1.10 Billion ≈ $133.81K |
+27.47% |
| 2009-07-31 | GBX862.80 Million ≈ $104.98K |
-6.03% |
| 2008-07-31 | GBX918.20 Million ≈ $111.72K |
+1.65% |
| 2007-07-31 | GBX903.30 Million ≈ $109.91K |
-33.72% |
| 2006-07-31 | GBX1.36 Billion ≈ $165.83K |
-8.15% |
| 2005-07-31 | GBX1.48 Billion ≈ $180.54K |
+15.51% |
| 2004-07-31 | GBX1.28 Billion ≈ $156.30K |
+8.61% |
| 2003-07-31 | GBX1.18 Billion ≈ $143.91K |
+20.55% |
| 2002-07-31 | GBX981.20 Million ≈ $119.38K |
+15.11% |
| 2001-07-31 | GBX852.40 Million ≈ $103.71K |
+70.89% |
| 2000-07-31 | GBX498.80 Million ≈ $60.69K |
+39.14% |
| 1999-07-31 | GBX358.50 Million ≈ $43.62K |
+58.35% |
| 1998-07-31 | GBX226.40 Million ≈ $27.55K |
-7.44% |
| 1997-07-31 | GBX244.60 Million ≈ $29.76K |
+15.49% |
| 1996-07-31 | GBX211.80 Million ≈ $25.77K |
-6.08% |
| 1995-07-31 | GBX225.50 Million ≈ $27.44K |
+6.37% |
| 1994-07-31 | GBX212.00 Million ≈ $25.79K |
-20.51% |
| 1993-07-31 | GBX266.70 Million ≈ $32.45K |
-19.18% |
| 1992-07-31 | GBX330.00 Million ≈ $40.15K |
+6.69% |
| 1991-07-31 | GBX309.30 Million ≈ $37.63K |
+2.96% |
| 1990-07-31 | GBX300.40 Million ≈ $36.55K |
+9.96% |
| 1989-07-31 | GBX273.19 Million ≈ $33.24K |
+7.42% |
| 1988-07-31 | GBX254.31 Million ≈ $30.94K |
+28.86% |
| 1987-07-31 | GBX197.36 Million ≈ $24.01K |
+13.81% |
| 1986-07-31 | GBX173.42 Million ≈ $21.10K |
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Equity Component Analysis
This analysis shows how different components contribute to Smiths 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 939.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.15 Billion | 56.34% |
| Common Stock | GBX124.00 Million | 6.09% |
| Other Comprehensive Income | GBX400.00 Million | 19.65% |
| Other Components | GBX365.00 Million | 17.93% |
| Total Equity | GBX2.04 Billion | 100.00% |
Smiths Group PLC Competitors by Market Cap
The table below lists competitors of Smiths Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Container Terminal Corp
TW:2613
|
$96.88 Million |
|
Sastasundar Ventures Limited
NSE:SASTASUNDR
|
$96.93 Million |
|
flyExclusive, Inc.
NYSE MKT:FLYX
|
$96.93 Million |
|
Swift Haulage Bhd
KLSE:5303
|
$97.00 Million |
|
Meridia Real Estate III Socimi SA
MC:YMRE
|
$96.83 Million |
|
PCC Exol SA
WAR:PCX
|
$96.81 Million |
|
INFINITT Healthcare Co. Ltd
KQ:071200
|
$96.80 Million |
|
Hankook Cosmet
KO:123690
|
$96.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smiths Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,230,000,000 to 2,036,000,000, a change of -194,000,000 (-8.7%).
- Net income of 292,000,000 contributed positively to equity growth.
- Dividend payments of 152,000,000 reduced retained earnings.
- Share repurchases of 326,000,000 reduced equity.
- Other comprehensive income increased equity by 206,000,000.
- Other factors decreased equity by 214,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX292.00 Million | +14.34% |
| Dividends Paid | GBX152.00 Million | -7.47% |
| Share Repurchases | GBX326.00 Million | -16.01% |
| Other Comprehensive Income | GBX206.00 Million | +10.12% |
| Other Changes | GBX-214.00 Million | -10.51% |
| Total Change | GBX- | -8.70% |
Book Value vs Market Value Analysis
This analysis compares Smiths 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: 426.72x
- 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 3148.82x to 426.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-07-31 | GBX0.81 | GBX2538.00 | x |
| 1987-07-31 | GBX0.92 | GBX2538.00 | x |
| 1988-07-31 | GBX0.90 | GBX2538.00 | x |
| 1989-07-31 | GBX0.94 | GBX2538.00 | x |
| 1990-07-31 | GBX1.03 | GBX2538.00 | x |
| 1991-07-31 | GBX1.06 | GBX2538.00 | x |
| 1992-07-31 | GBX1.12 | GBX2538.00 | x |
| 1993-07-31 | GBX0.90 | GBX2538.00 | x |
| 1994-07-31 | GBX0.71 | GBX2538.00 | x |
| 1995-07-31 | GBX0.75 | GBX2538.00 | x |
| 1996-07-31 | GBX0.70 | GBX2538.00 | x |
| 1997-07-31 | GBX0.79 | GBX2538.00 | x |
| 1998-07-31 | GBX0.71 | GBX2538.00 | x |
| 1999-07-31 | GBX1.12 | GBX2538.00 | x |
| 2000-07-31 | GBX1.55 | GBX2538.00 | x |
| 2001-07-31 | GBX2.23 | GBX2538.00 | x |
| 2002-07-31 | GBX2.23 | GBX2538.00 | x |
| 2003-07-31 | GBX2.29 | GBX2538.00 | x |
| 2004-07-31 | GBX2.98 | GBX2538.00 | x |
| 2005-07-31 | GBX3.94 | GBX2538.00 | x |
| 2006-07-31 | GBX3.62 | GBX2538.00 | x |
| 2007-07-31 | GBX2.48 | GBX2538.00 | x |
| 2008-07-31 | GBX2.43 | GBX2538.00 | x |
| 2009-07-31 | GBX2.28 | GBX2538.00 | x |
| 2010-07-31 | GBX2.90 | GBX2538.00 | x |
| 2011-07-31 | GBX3.64 | GBX2538.00 | x |
| 2012-07-31 | GBX2.58 | GBX2538.00 | x |
| 2013-07-31 | GBX3.94 | GBX2538.00 | x |
| 2014-07-31 | GBX3.28 | GBX2538.00 | x |
| 2015-07-31 | GBX3.76 | GBX2538.00 | x |
| 2016-07-31 | GBX4.37 | GBX2538.00 | x |
| 2017-07-31 | GBX5.54 | GBX2538.00 | x |
| 2018-07-31 | GBX6.03 | GBX2538.00 | x |
| 2019-07-31 | GBX6.26 | GBX2538.00 | x |
| 2020-07-31 | GBX6.30 | GBX2538.00 | x |
| 2021-07-31 | GBX6.37 | GBX2538.00 | x |
| 2022-07-31 | GBX7.16 | GBX2538.00 | x |
| 2023-07-31 | GBX6.33 | GBX2538.00 | x |
| 2024-07-31 | GBX6.42 | GBX2538.00 | x |
| 2025-07-31 | GBX5.95 | GBX2538.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smiths 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): 14.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.02%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.97x
- Recent ROE (14.34%) is below the historical average (26.79%), 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 | 18.23% | 7.88% | 1.29x | 1.79x | GBX14.27 Million |
| 1987 | 21.22% | 9.74% | 1.26x | 1.73x | GBX22.13 Million |
| 1988 | 25.79% | 9.84% | 1.40x | 1.87x | GBX40.16 Million |
| 1989 | 26.91% | 10.43% | 1.30x | 1.99x | GBX46.21 Million |
| 1990 | 23.64% | 10.55% | 1.22x | 1.84x | GBX40.96 Million |
| 1991 | 22.89% | 10.80% | 1.07x | 1.99x | GBX39.87 Million |
| 1992 | 20.79% | 10.80% | 1.04x | 1.86x | GBX35.60 Million |
| 1993 | 26.55% | 9.75% | 1.15x | 2.37x | GBX44.13 Million |
| 1994 | 37.59% | 10.40% | 1.31x | 2.76x | GBX58.50 Million |
| 1995 | 41.64% | 10.44% | 1.41x | 2.82x | GBX71.35 Million |
| 1996 | 55.62% | 11.68% | 1.42x | 3.35x | GBX96.62 Million |
| 1997 | 54.78% | 12.24% | 1.40x | 3.20x | GBX107.66 Million |
| 1998 | 66.85% | 12.37% | 1.50x | 3.59x | GBX126.03 Million |
| 1999 | 46.32% | 12.33% | 1.38x | 2.72x | GBX127.97 Million |
| 2000 | 36.13% | 12.09% | 1.13x | 2.65x | GBX128.01 Million |
| 2001 | -24.53% | -4.15% | 1.53x | 3.86x | GBX-289.97 Million |
| 2002 | 22.02% | 5.74% | 1.23x | 3.12x | GBX101.04 Million |
| 2003 | 12.93% | 3.65% | 1.06x | 3.34x | GBX25.24 Million |
| 2004 | 18.97% | 7.79% | 1.08x | 2.26x | GBX100.65 Million |
| 2005 | 18.32% | 9.04% | 0.76x | 2.65x | GBX123.42 Million |
| 2006 | 1.78% | 1.11% | 0.58x | 2.77x | GBX-112.09 Million |
| 2007 | 187.55% | 79.97% | 0.78x | 3.02x | GBX1.64 Billion |
| 2008 | 29.32% | 11.57% | 0.79x | 3.20x | GBX176.91 Million |
| 2009 | 31.37% | 10.11% | 0.84x | 3.70x | GBX183.60 Million |
| 2010 | 28.32% | 11.19% | 0.80x | 3.16x | GBX200.52 Million |
| 2011 | 27.94% | 13.50% | 0.78x | 2.64x | GBX246.45 Million |
| 2012 | 26.38% | 8.47% | 0.84x | 3.71x | GBX159.32 Million |
| 2013 | 24.00% | 11.47% | 0.76x | 2.74x | GBX208.00 Million |
| 2014 | 18.81% | 7.89% | 0.83x | 2.88x | GBX109.06 Million |
| 2015 | 17.34% | 8.49% | 0.73x | 2.80x | GBX104.10 Million |
| 2016 | 15.74% | 8.78% | 0.66x | 2.72x | GBX94.40 Million |
| 2017 | 27.29% | 17.38% | 0.64x | 2.47x | GBX361.10 Million |
| 2018 | 12.19% | 8.62% | 0.62x | 2.28x | GBX49.80 Million |
| 2019 | 6.02% | 5.68% | 0.47x | 2.25x | GBX-94.00 Million |
| 2020 | 2.82% | 2.63% | 0.47x | 2.28x | GBX-170.30 Million |
| 2021 | 6.54% | 6.53% | 0.45x | 2.22x | GBX-83.20 Million |
| 2022 | 0.48% | 0.51% | 0.49x | 1.94x | GBX-256.90 Million |
| 2023 | 9.69% | 7.61% | 0.70x | 1.83x | GBX-7.40 Million |
| 2024 | 11.21% | 7.98% | 0.74x | 1.90x | GBX27.00 Million |
| 2025 | 14.34% | 10.02% | 0.73x | 1.97x | GBX88.40 Million |
Industry Comparison
This section compares Smiths Group PLC's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $90,758,904
- Average return on equity (ROE) among peers: -4.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smiths Group PLC (SMIN) | GBX2.06 Billion | 18.23% | 0.95x | $96.85 Million |
| Avingtrans Plc (AVG) | $98.96 Million | 4.03% | 0.44x | $2.57 Million |
| Bodycote PLC (BOY) | $31.46 Million | 18.28% | 0.83x | $14.10 Million |
| Castings PLC (CGS) | $60.73 Million | 11.18% | 0.37x | $1.42 Million |
| Clean Power Hydrogen PLC (CPH2) | $25.17 Million | -13.68% | 0.17x | $659.67K |
| EQTEC plc (EQT) | $817.04K | -127.41% | 12.99x | $3.20 Million |
| Goodwin PLC (GDWN) | $142.21 Million | 17.28% | 1.01x | $11.18 Million |
| IMI PLC (IMI) | $402.00 Million | 32.39% | 2.46x | $81.97 Million |
| ITM Power (ITM) | $8.44 Million | -14.29% | 0.02x | $12.18 Million |
| Morgan Advanced Materials plc (MGAM) | $96.80 Million | 13.43% | 1.06x | $7.29 Million |
| MPAC Group PLC (MPAC) | $41.00 Million | 17.32% | 0.93x | $859.88K |
About Smiths Group PLC
Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. The company operates through four segments: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Flex-Tek business offers en… Read more