Grandstand Limited (GRSD) - Net Assets
Based on the latest financial reports, Grandstand Limited (GRSD) has net assets worth $104.64 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($284.42 Million) and total liabilities ($179.78 Million). 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. See Grandstand Limited net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $104.64 Million |
| % of Total Assets | 36.79% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.36 |
Grandstand Limited - Net Assets Trend (2022–2025)
This chart illustrates how Grandstand Limited's net assets have evolved over time, based on quarterly financial data. Also explore Grandstand Limited equity growth rate to track the company's year-over-year net asset growth rate.
Annual Net Assets for Grandstand Limited (2022–2025)
The table below shows the annual net assets of Grandstand Limited from 2022 to 2025. For live market cap and overall valuation, see GRSD stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $107.95 Million | -12.37% |
| 2024-12-31 | $123.19 Million | +3.59% |
| 2023-12-31 | $118.92 Million | +36.52% |
| 2022-12-31 | $87.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grandstand Limited'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 60.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $42.41 Million | 39.28% |
| Other Comprehensive Income | $85.67 Million | 79.36% |
| Total Equity | $107.95 Million | 100.00% |
Grandstand Limited Competitors by Market Cap
The table below lists competitors of Grandstand Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chia Her Industrial Co Ltd
TW:1449
|
$52.34 Million |
|
Evrofarma SA
AT:EVROF
|
$52.35 Million |
|
Energia Latina SA
SN:ENLASA
|
$52.37 Million |
|
Gihon Telekomunikasi Indonesia Tbk PT
JK:GHON
|
$52.37 Million |
|
Uzma Bhd
KLSE:7250
|
$52.31 Million |
|
Unick Corporation
KQ:011320
|
$52.31 Million |
|
Nimbus Group AB
ST:BOAT
|
$52.30 Million |
|
Chorokbaem Media Co. Ltd
KQ:047820
|
$52.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grandstand Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 123,188,000 to 107,955,000, a change of -15,233,000 (-12.4%).
- Net loss of 32,930,000 reduced equity.
- Share repurchases of 5,578,000 reduced equity.
- New share issuances of 374,000 increased equity.
- Other comprehensive income increased equity by 18,449,000.
- Other factors increased equity by 4,452,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-32.93 Million | -30.5% |
| Share Repurchases | $5.58 Million | -5.17% |
| Share Issuances | $374.00K | +0.35% |
| Other Comprehensive Income | $18.45 Million | +17.09% |
| Other Changes | $4.45 Million | +4.12% |
| Total Change | $- | -12.37% |
Book Value vs Market Value Analysis
This analysis compares Grandstand Limited'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: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.62x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $2.39 | $1.47 | x |
| 2023-12-31 | $3.19 | $1.47 | x |
| 2024-12-31 | $3.54 | $1.47 | x |
| 2025-12-31 | $3.04 | $1.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grandstand Limited 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): -30.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.90%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.78x
- Recent ROE (-30.50%) is below the historical average (3.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 2.74% | 3.12% | 0.55x | 1.59x | $-6.32 Million |
| 2023 | 15.35% | 16.81% | 0.70x | 1.30x | $6.37 Million |
| 2024 | 24.90% | 24.12% | 0.71x | 1.45x | $18.36 Million |
| 2025 | -30.50% | -19.90% | 0.55x | 2.78x | $-43.73 Million |
Industry Comparison
This section compares Grandstand Limited's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $342,264,000
- Average return on equity (ROE) among peers: 11.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grandstand Limited (GRSD) | $104.64 Million | 2.74% | 1.72x | $52.33 Million |
| Accel Entertainment Inc (ACEL) | $259.31 Million | 13.59% | 3.04x | $895.32 Million |
| PlayAGS Inc (AGS) | $41.57 Million | -54.30% | 16.63x | $518.40 Million |
| Brightstar Lottery PLC (BRSL) | $2.06 Billion | 16.89% | 3.99x | $1.82 Billion |
| Codere Online US Corp (CDRO) | $28.70 Million | 4.50% | 1.82x | $423.32 Million |
| Churchill Downs Incorporated (CHDN) | $473.30 Million | 74.54% | 2.65x | $5.57 Billion |
| DraftKings Inc (DKNG) | $-185.23 Million | 0.00% | 0.00x | $9.72 Billion |
| Everi Holdings Inc (EVRI) | $143.48 Million | 12.19% | 2.19x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $34.21 Million | 44.29% | 0.33x | $11.77 Million |
| Gan Ltd (GAN) | $224.04 Million | -11.11% | 0.16x | $91.53 Million |
About Grandstand Limited
Grandstand Limited provides marketing and sports data services for the gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally. The company offers digital marketing, and consumer and enterprise data subscription services for iGaming and social casino products. It also provides intra group and ticketing services, as well as fantasy data. In addition, th… Read more