Grandstand Limited (GRSD) - Net Assets
Based on the latest financial reports, Grandstand Limited (GRSD) has net assets worth $107.15 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($290.65 Million) and total liabilities ($183.51 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. Also explore GRSD net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $107.15 Million |
| % of Total Assets | 36.86% |
| 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. See debt-free asset ratio of Grandstand Limited to measure how much of total assets are equity-financed.
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 how much is Grandstand Limited worth.
| 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 Components | $65.55 Million | 60.72% |
| 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 |
|---|---|
|
Sangsangin Co. Ltd
KQ:038540
|
$66.99 Million |
|
Hoffmann Green Cement Technologies
PA:ALHGR
|
$66.99 Million |
|
E & M Computing Ltd
TA:EMCO
|
$67.01 Million |
|
GreenMobility A/S
CO:GREENM
|
$67.02 Million |
|
Paradigm Biopharmaceuticals Ltd
AU:PAR
|
$66.92 Million |
|
AV Tech Corp
TW:8072
|
$66.92 Million |
|
N. B. I. Industrial Finance Company Limited
NSE:NBIFIN
|
$66.87 Million |
|
DCM Corp
KO:024090
|
$66.85 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 factors increased equity by 22,901,000.
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 Changes | $22.90 Million | +21.21% |
| 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: 0.74x
- 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 0.95x to 0.74x 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 | $2.28 | x |
| 2023-12-31 | $3.19 | $2.28 | x |
| 2024-12-31 | $3.54 | $2.28 | x |
| 2025-12-31 | $3.08 | $2.28 | 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: $339,048,022
- Average return on equity (ROE) among peers: 13.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grandstand Limited (GRSD) | $107.15 Million | 2.74% | 1.71x | $66.97 Million |
| Accel Entertainment Inc (ACEL) | $158.46 Million | 19.92% | 2.89x | $1.01 Billion |
| PlayAGS Inc (AGS) | $67.67 Million | 0.63% | 9.05x | $518.40 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $2.14 Billion |
| Codere Online US Corp (CDRO) | $24.22 Million | 16.14% | 2.08x | $402.64 Million |
| Churchill Downs Incorporated (CHDN) | $306.80 Million | 81.19% | 8.72x | $6.12 Billion |
| DraftKings Inc (DKNG) | $631.46 Million | 0.59% | 6.18x | $11.92 Billion |
| Everi Holdings Inc (EVRI) | $-140.63 Million | 0.00% | 0.00x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $12.49 Million | 51.28% | 2.16x | $8.53 Million |
| Gan Ltd (GAN) | $11.96 Million | -64.37% | 0.89x | $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