Bunzl plc
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers personal protection and safety equipment, including gloves, boots, hard hats, ear and eye protection, other workwear, as well as cleaning and hygiene supplies and asset protection products; and healthcare consumables, such as glov… Read more
Bunzl plc (BZLFF) - Net Assets
Latest net assets as of June 2025: $2.55 Billion USD
Based on the latest financial reports, Bunzl plc (BZLFF) has net assets worth $2.55 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.27 Billion) and total liabilities ($5.72 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 | $2.55 Billion |
| % of Total Assets | 30.84% |
| Annual Growth Rate | 6.93% |
| 5-Year Change | 45.42% |
| 10-Year Change | 174.59% |
| Growth Volatility | 11.87 |
Bunzl plc - Net Assets Trend (1988–2024)
This chart illustrates how Bunzl plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bunzl plc (1988–2024)
The table below shows the annual net assets of Bunzl plc from 1988 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.79 Billion | -5.92% |
| 2023-12-31 | $2.97 Billion | +9.02% |
| 2022-12-31 | $2.72 Billion | +23.46% |
| 2021-12-31 | $2.20 Billion | +14.84% |
| 2020-12-31 | $1.92 Billion | +10.02% |
| 2019-12-31 | $1.74 Billion | +2.94% |
| 2018-12-31 | $1.69 Billion | +16.98% |
| 2017-12-31 | $1.45 Billion | +10.37% |
| 2016-12-31 | $1.31 Billion | +29.14% |
| 2015-12-31 | $1.02 Billion | +3.29% |
| 2014-12-31 | $983.90 Million | +4.68% |
| 2013-12-31 | $939.90 Million | +6.14% |
| 2012-12-31 | $885.50 Million | +9.77% |
| 2011-12-31 | $806.70 Million | +1.29% |
| 2010-12-31 | $796.40 Million | +18.14% |
| 2009-12-31 | $674.10 Million | +7.14% |
| 2008-12-31 | $629.20 Million | +32.13% |
| 2007-12-31 | $476.20 Million | -2.42% |
| 2006-12-31 | $488.00 Million | +5.99% |
| 2005-12-31 | $460.40 Million | -5.81% |
| 2004-12-31 | $488.80 Million | +5.80% |
| 2003-12-31 | $462.00 Million | -3.25% |
| 2002-12-31 | $477.50 Million | +1.90% |
| 2001-12-31 | $468.60 Million | +17.92% |
| 2000-12-31 | $397.40 Million | +21.34% |
| 1999-12-31 | $327.50 Million | +21.88% |
| 1998-12-31 | $268.70 Million | +18.68% |
| 1997-12-31 | $226.40 Million | -22.47% |
| 1996-12-31 | $292.00 Million | -8.26% |
| 1995-12-31 | $318.30 Million | +27.58% |
| 1994-12-31 | $249.50 Million | +4.66% |
| 1993-12-31 | $238.40 Million | +8.02% |
| 1992-12-31 | $220.70 Million | +7.29% |
| 1991-12-31 | $205.70 Million | -6.75% |
| 1990-12-31 | $220.60 Million | -8.31% |
| 1989-12-31 | $240.60 Million | -3.88% |
| 1988-12-31 | $250.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bunzl 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 1846.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.77 Billion | 99.35% |
| Common Stock | $106.40 Million | 3.82% |
| Total Equity | $2.79 Billion | 100.00% |
Bunzl plc Competitors by Market Cap
The table below lists competitors of Bunzl plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Interconnection Electric SA ESP
OTCQX:IESFY
|
$8.90 Billion |
|
Carrefour SA
PINK:CRERF
|
$8.90 Billion |
|
VAT Group AG
PINK:VTTGF
|
$8.91 Billion |
|
SouthState Corporation
NASDAQ:SSB
|
$8.91 Billion |
|
China National Nuclear Power
SHG:601985
|
$8.89 Billion |
|
InterDigital Inc
NASDAQ:IDCC
|
$8.88 Billion |
|
Interpublic Group of Companies Inc
NYSE:IPG
|
$8.88 Billion |
|
China Resources Land Ltd
PINK:CRBJF
|
$8.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bunzl plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,966,300,000 to 2,787,400,000, a change of -178,900,000 (-6.0%).
- Net income of 500,400,000 contributed positively to equity growth.
- Dividend payments of 228,600,000 reduced retained earnings.
- Share repurchases of 247,900,000 reduced equity.
- Other comprehensive income increased equity by 153,499,999.
- Other factors decreased equity by 341,999,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $500.40 Million | +17.95% |
| Dividends Paid | $228.60 Million | -8.2% |
| Share Repurchases | $247.90 Million | -8.89% |
| Other Comprehensive Income | $153.50 Million | +5.51% |
| Other Changes | $-342.00 Million | -12.27% |
| Total Change | $- | -6.03% |
Book Value vs Market Value Analysis
This analysis compares Bunzl 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: 5.00x
- 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 53.64x to 5.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $0.77 | $41.45 | x |
| 1989-12-31 | $0.74 | $41.45 | x |
| 1990-12-31 | $0.68 | $41.45 | x |
| 1991-12-31 | $0.63 | $41.45 | x |
| 1992-12-31 | $0.68 | $41.45 | x |
| 1993-12-31 | $0.72 | $41.45 | x |
| 1994-12-31 | $0.74 | $41.45 | x |
| 1995-12-31 | $0.92 | $41.45 | x |
| 1996-12-31 | $0.83 | $41.45 | x |
| 1997-12-31 | $0.63 | $41.45 | x |
| 1998-12-31 | $0.75 | $41.45 | x |
| 1999-12-31 | $0.92 | $41.45 | x |
| 2000-12-31 | $1.10 | $41.45 | x |
| 2001-12-31 | $1.29 | $41.45 | x |
| 2002-12-31 | $1.31 | $41.45 | x |
| 2003-12-31 | $1.29 | $41.45 | x |
| 2004-12-31 | $1.40 | $41.45 | x |
| 2005-12-31 | $1.35 | $41.45 | x |
| 2006-12-31 | $1.42 | $41.45 | x |
| 2007-12-31 | $1.45 | $41.45 | x |
| 2008-12-31 | $1.96 | $41.45 | x |
| 2009-12-31 | $2.10 | $41.45 | x |
| 2010-12-31 | $2.44 | $41.45 | x |
| 2011-12-31 | $2.48 | $41.45 | x |
| 2012-12-31 | $2.70 | $41.45 | x |
| 2013-12-31 | $2.85 | $41.45 | x |
| 2014-12-31 | $2.98 | $41.45 | x |
| 2015-12-31 | $3.06 | $41.45 | x |
| 2016-12-31 | $3.93 | $41.45 | x |
| 2017-12-31 | $4.36 | $41.45 | x |
| 2018-12-31 | $5.07 | $41.45 | x |
| 2019-12-31 | $5.22 | $41.45 | x |
| 2020-12-31 | $5.73 | $41.45 | x |
| 2021-12-31 | $6.56 | $41.45 | x |
| 2022-12-31 | $8.07 | $41.45 | x |
| 2023-12-31 | $8.80 | $41.45 | x |
| 2024-12-31 | $8.28 | $41.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bunzl 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): 17.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.25%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 3.42x
- Recent ROE (17.95%) is below the historical average (20.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 22.75% | 3.19% | 2.26x | 3.15x | $31.22 Million |
| 1989 | 7.57% | 1.08% | 2.15x | 3.26x | $-5.67 Million |
| 1990 | 11.11% | 1.64% | 2.41x | 2.82x | $2.38 Million |
| 1991 | -2.31% | -0.33% | 2.47x | 2.84x | $-24.55 Million |
| 1992 | 10.59% | 1.74% | 2.40x | 2.53x | $1.27 Million |
| 1993 | 14.73% | 2.26% | 2.67x | 2.45x | $11.02 Million |
| 1994 | -13.86% | -2.08% | 2.73x | 2.44x | $-58.19 Million |
| 1995 | 21.59% | 3.84% | 2.76x | 2.04x | $36.23 Million |
| 1996 | 25.37% | 4.06% | 2.77x | 2.26x | $44.16 Million |
| 1997 | 36.03% | 4.57% | 2.50x | 3.15x | $57.94 Million |
| 1998 | 26.94% | 3.71% | 2.63x | 2.77x | $45.21 Million |
| 1999 | 28.78% | 4.40% | 2.48x | 2.64x | $61.14 Million |
| 2000 | 27.31% | 4.31% | 2.19x | 2.90x | $68.39 Million |
| 2001 | 25.06% | 4.06% | 2.23x | 2.77x | $70.25 Million |
| 2002 | 26.26% | 4.40% | 2.18x | 2.74x | $77.28 Million |
| 2003 | 27.13% | 4.57% | 2.16x | 2.75x | $78.68 Million |
| 2004 | 28.91% | 5.75% | 1.42x | 3.55x | $91.71 Million |
| 2005 | 26.85% | 4.23% | 1.84x | 3.46x | $77.56 Million |
| 2006 | 26.52% | 3.88% | 1.93x | 3.53x | $80.60 Million |
| 2007 | 27.32% | 3.63% | 1.72x | 4.37x | $82.48 Million |
| 2008 | 22.60% | 3.40% | 1.52x | 4.38x | $79.28 Million |
| 2009 | 22.09% | 3.20% | 1.85x | 3.72x | $81.49 Million |
| 2010 | 19.96% | 3.29% | 1.82x | 3.34x | $79.36 Million |
| 2011 | 15.35% | 2.42% | 1.86x | 3.40x | $43.13 Million |
| 2012 | 21.60% | 3.57% | 1.82x | 3.33x | $102.75 Million |
| 2013 | 22.00% | 3.39% | 1.92x | 3.38x | $112.81 Million |
| 2014 | 21.41% | 3.42% | 1.87x | 3.34x | $112.31 Million |
| 2015 | 22.90% | 3.59% | 1.67x | 3.82x | $131.07 Million |
| 2016 | 20.26% | 3.58% | 1.62x | 3.48x | $134.65 Million |
| 2017 | 21.43% | 3.62% | 1.64x | 3.62x | $165.64 Million |
| 2018 | 19.27% | 3.60% | 1.62x | 3.31x | $157.05 Million |
| 2019 | 20.02% | 3.74% | 1.58x | 3.39x | $174.77 Million |
| 2020 | 22.41% | 4.25% | 1.48x | 3.56x | $238.09 Million |
| 2021 | 20.09% | 4.31% | 1.45x | 3.23x | $222.41 Million |
| 2022 | 17.44% | 3.94% | 1.39x | 3.19x | $202.31 Million |
| 2023 | 17.74% | 4.46% | 1.35x | 2.95x | $229.57 Million |
| 2024 | 17.95% | 4.25% | 1.24x | 3.42x | $221.66 Million |
Industry Comparison
This section compares Bunzl plc's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $3,121,484,586
- Average return on equity (ROE) among peers: 4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bunzl plc (BZLFF) | $2.55 Billion | 22.75% | 2.24x | $8.90 Billion |
| Asian Citrus Holdings Limited (ACITF) | $-186.47 Million | 0.00% | 0.00x | $2.98 Million |
| Amsterdam Commodities NV (ACNFF) | $407.10 Million | 9.76% | 0.84x | $397.21 Million |
| AiXin Life International Inc (AIXN) | $-74.82K | 0.00% | 0.00x | $360.40K |
| The Andersons Inc (ANDE) | $89.84 Million | 11.22% | 3.82x | $2.22 Billion |
| Mission Produce Inc (AVO) | $313.45 Million | 23.10% | 0.98x | $497.39 Million |
| Bid Corporation Limited (BPPPF) | $26.79 Billion | 13.23% | 1.31x | $7.96 Billion |
| Ceres Global Ag Corp (CERGF) | $121.29 Million | -14.37% | 0.73x | $28.68 Million |
| Century Global Commodities Corp (CEUMF) | $21.67 Million | -12.45% | 0.12x | $844.53K |
| The Chefs Warehouse Inc (CHEF) | $537.65 Million | 10.32% | 2.46x | $2.21 Billion |