Serco Group (SRP) - Net Assets
Based on the latest financial reports, Serco Group (SRP) has net assets worth GBX871.30 Million GBX (≈ $106.01K USD) 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 ≈ $345.10K USD) and total liabilities (GBX1.97 Billion ≈ $239.08K 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 Serco Group PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see Serco Group (SRP) total market value.
Annual Net Assets for Serco Group (1985–2024)
The table below shows the annual net assets of Serco Group from 1985 to 2024. Also explore how fast is Serco Group growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX842.50 Million ≈ $102.51K |
-18.50% |
| 2023-12-31 | GBX1.03 Billion ≈ $125.77K |
+0.39% |
| 2022-12-31 | GBX1.03 Billion ≈ $125.28K |
+2.11% |
| 2021-12-31 | GBX1.01 Billion ≈ $122.69K |
+41.03% |
| 2020-12-31 | GBX715.00 Million ≈ $86.99K |
+31.70% |
| 2019-12-31 | GBX542.90 Million ≈ $66.06K |
+40.36% |
| 2018-12-31 | GBX386.80 Million ≈ $47.06K |
+25.91% |
| 2017-12-31 | GBX307.20 Million ≈ $37.38K |
-22.97% |
| 2016-12-31 | GBX398.80 Million ≈ $48.52K |
+41.37% |
| 2015-12-31 | GBX282.10 Million ≈ $34.32K |
+526.13% |
| 2014-12-31 | GBX-66.20 Million ≈ $-8.05K |
-106.04% |
| 2013-12-31 | GBX1.10 Billion ≈ $133.34K |
-2.92% |
| 2012-12-31 | GBX1.13 Billion ≈ $137.35K |
+12.46% |
| 2011-12-31 | GBX1.00 Billion ≈ $122.13K |
+19.32% |
| 2010-12-31 | GBX841.30 Million ≈ $102.36K |
+21.56% |
| 2009-12-31 | GBX692.10 Million ≈ $84.21K |
+0.99% |
| 2008-12-31 | GBX685.30 Million ≈ $83.38K |
+37.47% |
| 2007-12-31 | GBX498.50 Million ≈ $60.65K |
+38.51% |
| 2006-12-31 | GBX359.90 Million ≈ $43.79K |
+38.42% |
| 2005-12-31 | GBX260.00 Million ≈ $31.63K |
+53.66% |
| 2004-12-31 | GBX169.20 Million ≈ $20.59K |
-39.75% |
| 2003-12-31 | GBX280.81 Million ≈ $34.17K |
+4.84% |
| 2002-12-31 | GBX267.86 Million ≈ $32.59K |
+107.53% |
| 2001-12-31 | GBX129.07 Million ≈ $15.70K |
+18.50% |
| 2000-12-31 | GBX108.92 Million ≈ $13.25K |
+18.88% |
| 1999-12-31 | GBX91.63 Million ≈ $11.15K |
+26.92% |
| 1998-12-31 | GBX72.19 Million ≈ $8.78K |
+170.59% |
| 1997-12-31 | GBX26.68 Million ≈ $3.25K |
+1.54% |
| 1996-12-31 | GBX26.27 Million ≈ $3.20K |
+49.99% |
| 1995-12-31 | GBX17.52 Million ≈ $2.13K |
+41.71% |
| 1994-12-31 | GBX12.36 Million ≈ $1.50K |
+19.38% |
| 1993-12-31 | GBX10.36 Million ≈ $1.26K |
-13.03% |
| 1992-12-31 | GBX11.91 Million ≈ $1.45K |
-9.51% |
| 1991-12-31 | GBX13.16 Million ≈ $1.60K |
+156.79% |
| 1990-12-31 | GBX5.12 Million ≈ $623.44 |
-21.75% |
| 1989-12-31 | GBX6.55 Million ≈ $796.70 |
+24.63% |
| 1988-12-31 | GBX5.25 Million ≈ $639.26 |
+153.08% |
| 1987-12-31 | GBX2.08 Million ≈ $252.59 |
-65.59% |
| 1986-12-31 | GBX6.03 Million ≈ $734.04 |
+18.09% |
| 1985-12-31 | GBX5.11 Million ≈ $621.62 |
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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 |
|---|---|
|
Unifin Financiera S. A. B. de C. V
MX:UNIFINA
|
$31.11 Million |
|
Kalamazoo Resources Ltd
AU:KZR
|
$31.12 Million |
|
Rubicon Water Ltd
AU:RWL
|
$31.12 Million |
|
Aquirian Ltd
AU:AQN
|
$31.12 Million |
|
Battalion Oil Corp
NYSE MKT:BATL
|
$31.10 Million |
|
Genoway
PA:ALGEN
|
$31.09 Million |
|
Qinetiq Group PLC
LSE:QQ
|
$31.09 Million |
|
Promise Technology Inc
TW:3057
|
$31.07 Million |
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: 330.66x
- 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 8207.30x to 330.66x 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 | GBX258.40 | x |
| 1986-12-31 | GBX0.04 | GBX258.40 | x |
| 1987-12-31 | GBX0.01 | GBX258.40 | x |
| 1988-12-31 | GBX0.02 | GBX258.40 | x |
| 1989-12-31 | GBX0.02 | GBX258.40 | x |
| 1990-12-31 | GBX0.02 | GBX258.40 | x |
| 1991-12-31 | GBX0.04 | GBX258.40 | x |
| 1992-12-31 | GBX0.03 | GBX258.40 | x |
| 1993-12-31 | GBX0.02 | GBX258.40 | x |
| 1994-12-31 | GBX0.03 | GBX258.40 | x |
| 1995-12-31 | GBX0.04 | GBX258.40 | x |
| 1996-12-31 | GBX0.06 | GBX258.40 | x |
| 1997-12-31 | GBX0.06 | GBX258.40 | x |
| 1998-12-31 | GBX0.15 | GBX258.40 | x |
| 1999-12-31 | GBX0.19 | GBX258.40 | x |
| 2000-12-31 | GBX0.22 | GBX258.40 | x |
| 2001-12-31 | GBX0.27 | GBX258.40 | x |
| 2002-12-31 | GBX0.51 | GBX258.40 | x |
| 2003-12-31 | GBX0.53 | GBX258.40 | x |
| 2004-12-31 | GBX0.31 | GBX258.40 | x |
| 2005-12-31 | GBX0.45 | GBX258.40 | x |
| 2006-12-31 | GBX0.61 | GBX258.40 | x |
| 2007-12-31 | GBX0.82 | GBX258.40 | x |
| 2008-12-31 | GBX1.13 | GBX258.40 | x |
| 2009-12-31 | GBX1.14 | GBX258.40 | x |
| 2010-12-31 | GBX1.36 | GBX258.40 | x |
| 2011-12-31 | GBX1.63 | GBX258.40 | x |
| 2012-12-31 | GBX1.82 | GBX258.40 | x |
| 2013-12-31 | GBX1.77 | GBX258.40 | x |
| 2014-12-31 | GBX-0.10 | GBX258.40 | x |
| 2015-12-31 | GBX0.28 | GBX258.40 | x |
| 2016-12-31 | GBX0.35 | GBX258.40 | x |
| 2017-12-31 | GBX0.27 | GBX258.40 | x |
| 2018-12-31 | GBX0.34 | GBX258.40 | x |
| 2019-12-31 | GBX0.45 | GBX258.40 | x |
| 2020-12-31 | GBX0.57 | GBX258.40 | x |
| 2021-12-31 | GBX0.81 | GBX258.40 | x |
| 2022-12-31 | GBX0.85 | GBX258.40 | x |
| 2023-12-31 | GBX0.92 | GBX258.40 | x |
| 2024-12-31 | GBX0.78 | GBX258.40 | 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: $96,584,712
- Average return on equity (ROE) among peers: 40.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Serco Group (SRP) | GBX871.30 Million | 18.58% | 2.26x | $31.10 Million |
| Capita PLC (CPI) | $915.50 Million | 25.77% | 4.37x | $371.92 Million |
| CPPGroup Plc (CPP) | $15.73 Million | -10.15% | 2.63x | $22.34K |
| Christie Group plc (CTG) | $2.12 Million | -5.39% | 7.68x | $592.47K |
| De La Rue PLC (DLAR) | $16.80 Million | 398.21% | 24.33x | $3.18 Million |
| DSW Capital PLC (DSW) | $1.46 Million | 47.19% | 0.21x | $120.78K |
| Franchise Brands PLC (FRAN) | $47.33 Million | 8.94% | 0.42x | $3.68 Million |
| GenIP PLC (GNIP) | $1.27 Million | -69.71% | 0.28x | $5.86K |
| Inspired Plc (INSE) | $59.34 Million | 5.74% | 1.06x | $134.49K |
| Intertek Group PLC (ITRK) | $-198.60 Million | 0.00% | 0.00x | $109.54 Million |
| Johnson Service Group Plc (JSG) | $104.90 Million | 6.58% | 1.29x | $5.95 Million |
About Serco Group
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