INDUS Holding AG
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring. The firm typically invests in midd… Read more
INDUS Holding AG (INDHF) - Net Assets
Latest net assets as of September 2025: $843.98 Million USD
Based on the latest financial reports, INDUS Holding AG (INDHF) has net assets worth $843.98 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.25 Billion) and total liabilities ($1.41 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 | $843.98 Million |
| % of Total Assets | 37.44% |
| Annual Growth Rate | 6.72% |
| 5-Year Change | 3.5% |
| 10-Year Change | 17.56% |
| Growth Volatility | 11.08 |
INDUS Holding AG - Net Assets Trend (2008–2024)
This chart illustrates how INDUS Holding AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for INDUS Holding AG (2008–2024)
The table below shows the annual net assets of INDUS Holding AG from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $700.00 Million | -2.73% |
| 2023-12-31 | $719.66 Million | +5.03% |
| 2022-12-31 | $685.22 Million | -12.98% |
| 2021-12-31 | $787.47 Million | +16.43% |
| 2020-12-31 | $676.35 Million | -7.06% |
| 2019-12-31 | $727.72 Million | +2.52% |
| 2018-12-31 | $709.83 Million | +5.34% |
| 2017-12-31 | $673.81 Million | +4.54% |
| 2016-12-31 | $644.57 Million | +8.25% |
| 2015-12-31 | $595.43 Million | +8.29% |
| 2014-12-31 | $549.87 Million | +6.70% |
| 2013-12-31 | $515.33 Million | +25.66% |
| 2012-12-31 | $410.11 Million | +7.33% |
| 2011-12-31 | $382.10 Million | +23.46% |
| 2010-12-31 | $309.49 Million | +28.04% |
| 2009-12-31 | $241.71 Million | -2.30% |
| 2008-12-31 | $247.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to INDUS Holding AG'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 1168.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $350.99 Million | 50.32% |
| Common Stock | $69.93 Million | 10.02% |
| Other Comprehensive Income | $318.36 Million | 45.64% |
| Total Equity | $697.54 Million | 100.00% |
INDUS Holding AG Competitors by Market Cap
The table below lists competitors of INDUS Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NACHI-FUJIKOSHI
F:8UM
|
$503.77 Million |
|
Shanghai Xuerong Bio-Technology Co Ltd
SHE:300511
|
$503.80 Million |
|
China Modern Dairy Holdings Ltd
F:07M
|
$503.81 Million |
|
Wuhan Huazhong Numerical Control Co Ltd
SHE:300161
|
$503.84 Million |
|
DCB Bank Limited
NSE:DCBBANK
|
$503.70 Million |
|
China VTV Ltd
PINK:CVTV
|
$503.67 Million |
|
Liontown Resources Limited
PINK:LINRF
|
$503.49 Million |
|
MULLEN AUT. INC. DL -001
F:1N5
|
$503.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INDUS Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 717,937,000 to 697,543,000, a change of -20,394,000 (-2.8%).
- Net income of 53,709,000 contributed positively to equity growth.
- Dividend payments of 30,955,000 reduced retained earnings.
- Share repurchases of 41,741,000 reduced equity.
- Other comprehensive income increased equity by 317,002,999.
- Other factors decreased equity by 318,409,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $53.71 Million | +7.7% |
| Dividends Paid | $30.95 Million | -4.44% |
| Share Repurchases | $41.74 Million | -5.98% |
| Other Comprehensive Income | $317.00 Million | +45.45% |
| Other Changes | $-318.41 Million | -45.65% |
| Total Change | $- | -2.84% |
Book Value vs Market Value Analysis
This analysis compares INDUS Holding AG'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: 0.89x
- 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 2.30x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $10.41 | $23.90 | x |
| 2005-12-31 | $10.81 | $23.90 | x |
| 2006-12-31 | $11.28 | $23.90 | x |
| 2007-12-31 | $12.78 | $23.90 | x |
| 2008-12-31 | $13.34 | $23.90 | x |
| 2009-12-31 | $13.06 | $23.90 | x |
| 2010-12-31 | $16.48 | $23.90 | x |
| 2011-12-31 | $18.52 | $23.90 | x |
| 2012-12-31 | $18.39 | $23.90 | x |
| 2013-12-31 | $22.97 | $23.90 | x |
| 2014-12-31 | $22.41 | $23.90 | x |
| 2015-12-31 | $24.24 | $23.90 | x |
| 2016-12-31 | $26.25 | $23.90 | x |
| 2017-12-31 | $27.44 | $23.90 | x |
| 2018-12-31 | $28.92 | $23.90 | x |
| 2019-12-31 | $29.69 | $23.90 | x |
| 2020-12-31 | $27.62 | $23.90 | x |
| 2021-12-31 | $29.83 | $23.90 | x |
| 2022-12-31 | $25.40 | $23.90 | x |
| 2023-12-31 | $26.69 | $23.90 | x |
| 2024-12-31 | $26.87 | $23.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INDUS Holding AG 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): 7.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.12%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.59x
- Recent ROE (7.70%) is below the historical average (8.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 11.55% | 3.05% | 0.98x | 3.88x | $3.79 Million |
| 2009 | 4.75% | 1.48% | 0.84x | 3.81x | $-12.59 Million |
| 2010 | 15.25% | 4.83% | 1.00x | 3.16x | $16.16 Million |
| 2011 | 14.62% | 5.04% | 1.06x | 2.73x | $17.58 Million |
| 2012 | 12.73% | 4.71% | 1.05x | 2.57x | $11.18 Million |
| 2013 | 12.41% | 5.34% | 1.01x | 2.29x | $12.38 Million |
| 2014 | 11.52% | 5.03% | 0.96x | 2.39x | $8.35 Million |
| 2015 | 11.46% | 4.89% | 0.98x | 2.40x | $8.65 Million |
| 2016 | 12.47% | 5.54% | 0.95x | 2.37x | $15.85 Million |
| 2017 | 12.27% | 5.02% | 0.99x | 2.46x | $15.25 Million |
| 2018 | 10.02% | 4.14% | 0.99x | 2.43x | $141.70K |
| 2019 | 8.19% | 3.41% | 0.96x | 2.49x | $-13.13 Million |
| 2020 | -4.00% | -1.73% | 0.90x | 2.56x | $-94.52 Million |
| 2021 | 5.96% | 2.69% | 0.94x | 2.36x | $-31.75 Million |
| 2022 | -7.59% | -2.87% | 0.95x | 2.77x | $-120.14 Million |
| 2023 | 7.72% | 3.08% | 0.93x | 2.69x | $-16.36 Million |
| 2024 | 7.70% | 3.12% | 0.95x | 2.59x | $-16.05 Million |
Industry Comparison
This section compares INDUS Holding AG's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $104,908,722,791
- Average return on equity (ROE) among peers: -580.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| INDUS Holding AG (INDHF) | $843.98 Million | 11.55% | 1.67x | $503.74 Million |
| American Biltrite Inc (ABLT) | $54.10 Million | 22.74% | 0.53x | $786.16K |
| Agro Capital Management Corp (ACMB) | $-7.15 Million | 0.00% | 0.00x | $1.01 Million |
| African Discovery Group Inc (AFDG) | $54.66K | -5848.93% | 8.34x | $87.96 |
| Asahi Kaisei Corp (AHKSY) | $824.45 Billion | 6.51% | 1.18x | $14.57 Billion |
| Ai Holdings Corporation (AIHZF) | $80.51 Billion | 19.48% | 0.17x | $516.06 Million |
| Air T Inc (AIRT) | $21.31 Million | -34.15% | 5.60x | $21.25 Million |
| Alliance Global Group Inc (ALGGY) | $144.01 Billion | 9.65% | 0.89x | $1.28 Billion |
| Alpine 4 Holdings Inc (ALPP) | $-3.86 Million | 0.00% | 0.00x | $13.53K |
| Alaska Power & Telephone Company (APTL) | $48.02 Million | 21.25% | 1.61x | $538.24K |
| Alliance Recovery Corporation (ARVY) | $-1.81 Million | 0.00% | 0.00x | $26.21 |