Serco Group

LSE:SRP UK Specialty Business Services
Market Cap
$37.72 Million
GBX310.06 Billion GBX
Market Cap Rank
#38133 Global
#532 in UK
Share Price
GBX313.40
Change (1 day)
-1.14%
52-Week Range
GBX151.90 - GBX324.80
All Time High
GBX324.80
Categories
Companies in UK Specialty Business Services
About

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programme management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger tra… Read more

Serco Group (SRP) - Net Assets

Latest net assets as of June 2025: GBX871.30 Million GBX

Based on the latest financial reports, Serco Group (SRP) has net assets worth GBX871.30 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.84 Billion) and total liabilities (GBX1.97 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX871.30 Million
% of Total Assets 30.72%
Annual Growth Rate 13.99%
5-Year Change 17.83%
10-Year Change 198.65%
Growth Volatility 53.11

Serco Group - Net Assets Trend (1985–2024)

This chart illustrates how Serco Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Serco Group (1985–2024)

The table below shows the annual net assets of Serco Group from 1985 to 2024.

Year Net Assets Change
2024-12-31 GBX842.50 Million -18.50%
2023-12-31 GBX1.03 Billion +0.39%
2022-12-31 GBX1.03 Billion +2.11%
2021-12-31 GBX1.01 Billion +41.03%
2020-12-31 GBX715.00 Million +31.70%
2019-12-31 GBX542.90 Million +40.36%
2018-12-31 GBX386.80 Million +25.91%
2017-12-31 GBX307.20 Million -22.97%
2016-12-31 GBX398.80 Million +41.37%
2015-12-31 GBX282.10 Million +526.13%
2014-12-31 GBX-66.20 Million -106.04%
2013-12-31 GBX1.10 Billion -2.92%
2012-12-31 GBX1.13 Billion +12.46%
2011-12-31 GBX1.00 Billion +19.32%
2010-12-31 GBX841.30 Million +21.56%
2009-12-31 GBX692.10 Million +0.99%
2008-12-31 GBX685.30 Million +37.47%
2007-12-31 GBX498.50 Million +38.51%
2006-12-31 GBX359.90 Million +38.42%
2005-12-31 GBX260.00 Million +53.66%
2004-12-31 GBX169.20 Million -39.75%
2003-12-31 GBX280.81 Million +4.84%
2002-12-31 GBX267.86 Million +107.53%
2001-12-31 GBX129.07 Million +18.50%
2000-12-31 GBX108.92 Million +18.88%
1999-12-31 GBX91.63 Million +26.92%
1998-12-31 GBX72.19 Million +170.59%
1997-12-31 GBX26.68 Million +1.54%
1996-12-31 GBX26.27 Million +49.99%
1995-12-31 GBX17.52 Million +41.71%
1994-12-31 GBX12.36 Million +19.38%
1993-12-31 GBX10.36 Million -13.03%
1992-12-31 GBX11.91 Million -9.51%
1991-12-31 GBX13.16 Million +156.79%
1990-12-31 GBX5.12 Million -21.75%
1989-12-31 GBX6.55 Million +24.63%
1988-12-31 GBX5.25 Million +153.08%
1987-12-31 GBX2.08 Million -65.59%
1986-12-31 GBX6.03 Million +18.09%
1985-12-31 GBX5.11 Million --

Equity Component Analysis

This analysis shows how different components contribute to Serco Group'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 10162.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX524.30 Million 62.23%
Common Stock GBX20.50 Million 2.43%
Other Comprehensive Income GBX-144.70 Million -17.18%
Other Components GBX442.40 Million 52.51%
Total Equity GBX842.50 Million 100.00%

Serco Group Competitors by Market Cap

The table below lists competitors of Serco Group ranked by their market capitalization.

Company Market Cap
Dellia Grp ASA
OL:DELIA
 		$356.75K
Direct Digital Holdings Inc
NASDAQ:DRCT
 		$357.19K
Groove Botanicals Inc
PINK:GRVE
 		$357.83K
RheinLand Holding AG
DU:RLV
 		$357.90K
Sempio Co.
KQ:007540
 		$356.51K
CAPITAL POWER
BE:2CP
 		$356.42K
Genesis AI Corp.
PINK:AIGFF
 		$356.36K
NIPPON MEAT PACKERS - Dusseldorf Stock Exchang
DU:NI6
 		$356.25K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Serco Group's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,034,000,000 to 842,500,000, a change of -191,500,000 (-18.5%).
  • Net income of 44,200,000 contributed positively to equity growth.
  • Dividend payments of 38,400,000 reduced retained earnings.
  • Share repurchases of 164,100,000 reduced equity.
  • New share issuances of 100,000 increased equity.
  • Other comprehensive income decreased equity by 49,400,000.
  • Other factors increased equity by 16,100,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX44.20 Million +5.25%
Dividends Paid GBX38.40 Million -4.56%
Share Repurchases GBX164.10 Million -19.48%
Share Issuances GBX100.00K +0.01%
Other Comprehensive Income GBX-49.40 Million -5.86%
Other Changes GBX16.10 Million +1.91%
Total Change GBX- -18.52%

Book Value vs Market Value Analysis

This analysis compares Serco Group'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: 401.04x
  • 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 9954.21x to 401.04x 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 GBX0.03 GBX313.40 x
1986-12-31 GBX0.04 GBX313.40 x
1987-12-31 GBX0.01 GBX313.40 x
1988-12-31 GBX0.02 GBX313.40 x
1989-12-31 GBX0.02 GBX313.40 x
1990-12-31 GBX0.02 GBX313.40 x
1991-12-31 GBX0.04 GBX313.40 x
1992-12-31 GBX0.03 GBX313.40 x
1993-12-31 GBX0.02 GBX313.40 x
1994-12-31 GBX0.03 GBX313.40 x
1995-12-31 GBX0.04 GBX313.40 x
1996-12-31 GBX0.06 GBX313.40 x
1997-12-31 GBX0.06 GBX313.40 x
1998-12-31 GBX0.15 GBX313.40 x
1999-12-31 GBX0.19 GBX313.40 x
2000-12-31 GBX0.22 GBX313.40 x
2001-12-31 GBX0.27 GBX313.40 x
2002-12-31 GBX0.51 GBX313.40 x
2003-12-31 GBX0.53 GBX313.40 x
2004-12-31 GBX0.31 GBX313.40 x
2005-12-31 GBX0.45 GBX313.40 x
2006-12-31 GBX0.61 GBX313.40 x
2007-12-31 GBX0.82 GBX313.40 x
2008-12-31 GBX1.13 GBX313.40 x
2009-12-31 GBX1.14 GBX313.40 x
2010-12-31 GBX1.36 GBX313.40 x
2011-12-31 GBX1.63 GBX313.40 x
2012-12-31 GBX1.82 GBX313.40 x
2013-12-31 GBX1.77 GBX313.40 x
2014-12-31 GBX-0.10 GBX313.40 x
2015-12-31 GBX0.28 GBX313.40 x
2016-12-31 GBX0.35 GBX313.40 x
2017-12-31 GBX0.27 GBX313.40 x
2018-12-31 GBX0.34 GBX313.40 x
2019-12-31 GBX0.45 GBX313.40 x
2020-12-31 GBX0.57 GBX313.40 x
2021-12-31 GBX0.81 GBX313.40 x
2022-12-31 GBX0.85 GBX313.40 x
2023-12-31 GBX0.92 GBX313.40 x
2024-12-31 GBX0.78 GBX313.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Serco Group 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): 5.25%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.92%
  • • Asset Turnover: 1.80x
  • • Equity Multiplier: 3.16x
  • Recent ROE (5.25%) is below the historical average (23.00%), 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 18.58% 3.71% 2.27x 2.20x GBX438.10K
1986 14.90% 2.95% 2.25x 2.24x GBX295.70K
1987 87.67% 4.63% 2.23x 8.49x GBX1.61 Million
1988 41.21% 4.60% 2.29x 3.92x GBX1.64 Million
1989 33.09% 3.70% 2.39x 3.75x GBX1.51 Million
1990 49.84% 3.12% 2.51x 6.35x GBX1.96 Million
1991 22.10% 2.77% 2.08x 3.83x GBX1.59 Million
1992 36.32% 2.89% 2.11x 5.97x GBX3.13 Million
1993 52.76% 2.92% 1.90x 9.49x GBX4.43 Million
1994 57.52% 2.73% 2.42x 8.69x GBX5.87 Million
1995 50.86% 2.76% 2.30x 8.02x GBX7.16 Million
1996 43.09% 2.85% 2.75x 5.49x GBX8.69 Million
1997 54.47% 2.97% 2.42x 7.57x GBX11.87 Million
1998 24.13% 3.03% 2.07x 3.85x GBX10.20 Million
1999 21.60% 2.96% 1.81x 4.03x GBX10.63 Million
2000 21.09% 2.98% 1.74x 4.07x GBX12.08 Million
2001 20.94% 2.96% 1.56x 4.54x GBX14.12 Million
2002 12.06% 2.94% 1.56x 2.63x GBX5.52 Million
2003 11.86% 2.51% 1.07x 4.40x GBX5.22 Million
2004 25.97% 2.66% 1.15x 8.48x GBX26.75 Million
2005 20.71% 2.36% 1.07x 8.19x GBX27.61 Million
2006 21.87% 3.07% 1.53x 4.65x GBX42.50 Million
2007 16.47% 2.91% 1.61x 3.50x GBX32.18 Million
2008 14.52% 3.19% 1.24x 3.67x GBX30.98 Million
2009 18.82% 3.28% 1.57x 3.66x GBX61.00 Million
2010 18.63% 3.62% 1.72x 2.99x GBX72.57 Million
2011 17.44% 3.77% 1.46x 3.17x GBX74.72 Million
2012 21.75% 4.99% 1.51x 2.88x GBX132.54 Million
2013 8.71% 2.22% 1.53x 2.56x GBX-14.12 Million
2014 0.00% -34.07% 1.78x 0.00x GBX-1.34 Billion
2015 -54.38% -4.80% 1.73x 6.56x GBX-180.66 Million
2016 -0.30% -0.04% 1.71x 4.44x GBX-40.94 Million
2017 -0.07% -0.01% 1.95x 4.95x GBX-30.79 Million
2018 17.49% 2.38% 1.83x 4.03x GBX28.86 Million
2019 9.31% 1.55% 1.56x 3.84x GBX-3.74 Million
2020 18.76% 3.44% 1.61x 3.38x GBX62.47 Million
2021 30.19% 6.87% 1.62x 2.72x GBX203.23 Million
2022 15.11% 3.43% 1.65x 2.67x GBX52.58 Million
2023 19.57% 4.15% 1.87x 2.52x GBX99.00 Million
2024 5.25% 0.92% 1.80x 3.16x GBX-40.05 Million

Industry Comparison

This section compares Serco Group's net assets metrics with peer companies in the Specialty Business Services industry.

Industry Context

  • Industry: Specialty Business Services
  • Average net assets among peers: $23,837,787
  • Average return on equity (ROE) among peers: 25.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Serco Group (SRP) GBX871.30 Million 18.58% 2.26x $356.54K
CPPGroup Plc (CPP) $10.02 Million 208.06% 5.12x $815.98
Christie Group plc (CTG) $2.09 Million -29.79% 1.95x $3.20K
DSW Capital PLC (DSW) $7.99 Million -4.18% 0.13x $1.76K
Franchise Brands PLC (FRAN) $24.44 Million 9.54% 0.71x $30.45K
GenIP PLC (GNIP) $1.27 Million -69.71% 0.28x $415.62
Inspired Plc (INSE) $14.87 Million 22.87% 1.36x $16.11K
Keystone Law Group PLC (KEYS) $16.59 Million 26.10% 1.01x $24.23K
Knights Group Holdings plc (KGH) $92.81 Million 8.56% 1.29x $18.21K
Mha Ltd (MHA) $50.86 Million 86.50% 1.02x $43.59K
Mind Gym Ltd (MIND) $17.45 Million -1.33% 0.98x $1.77K