JSE Limited
JSE Limited operates as a multi-asset class stock exchange in South Africa. It offers listing services for securities and debt instruments; trading, colocation, and client support services across its markets; post-trade services, such as risk management, as well as clearing and settlement assurance for the exchange's equity, bonds, and derivatives markets; transfer secretarial services, including… Read more
JSE Limited (JSEJF) - Net Assets
Latest net assets as of June 2025: $4.43 Billion USD
Based on the latest financial reports, JSE Limited (JSEJF) has net assets worth $4.43 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 ($56.93 Billion) and total liabilities ($52.50 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 | $4.43 Billion |
| % of Total Assets | 7.78% |
| Annual Growth Rate | 10.67% |
| 5-Year Change | 12.72% |
| 10-Year Change | 58.41% |
| Growth Volatility | 44.63 |
JSE Limited - Net Assets Trend (2005–2024)
This chart illustrates how JSE Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JSE Limited (2005–2024)
The table below shows the annual net assets of JSE Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.68 Billion | +6.76% |
| 2023-12-31 | $4.39 Billion | +5.10% |
| 2022-12-31 | $4.17 Billion | -1.09% |
| 2021-12-31 | $4.22 Billion | +1.56% |
| 2020-12-31 | $4.15 Billion | +4.65% |
| 2019-12-31 | $3.97 Billion | +0.03% |
| 2018-12-31 | $3.97 Billion | +9.43% |
| 2017-12-31 | $3.63 Billion | +10.91% |
| 2016-12-31 | $3.27 Billion | +10.60% |
| 2015-12-31 | $2.96 Billion | +19.49% |
| 2014-12-31 | $2.47 Billion | +13.05% |
| 2013-12-31 | $2.19 Billion | +16.97% |
| 2012-12-31 | $1.87 Billion | +174.10% |
| 2005-12-31 | $682.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JSE 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 393274000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.93 Billion | 83.98% |
| Other Comprehensive Income | $932.48 Million | 19.91% |
| Total Equity | $4.68 Billion | 100.00% |
JSE Limited Competitors by Market Cap
The table below lists competitors of JSE Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Changshu Automotive Trim Co
SHG:603035
|
$490.33 Million |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
$490.48 Million |
|
Dril-Quip Inc
F:DQU
|
$490.49 Million |
|
PayPoint plc
OTCGREY:PYPTF
|
$490.59 Million |
|
Third Coast Bancshares, Inc.
NASDAQ:TCBX
|
$490.13 Million |
|
Tatwah Smartech Co Ltd
SHE:002512
|
$489.89 Million |
|
JW Pharmaceutical Corp
KO:001067
|
$489.75 Million |
|
Shenzhen Yanmade Technology Inc
SHG:688312
|
$489.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JSE Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,386,147,000 to 4,682,746,000, a change of 296,599,000 (6.8%).
- Net income of 917,754,000 contributed positively to equity growth.
- Dividend payments of 659,842,000 reduced retained earnings.
- Share repurchases of 127,796,000 reduced equity.
- New share issuances of 95,149,000 increased equity.
- Other comprehensive income increased equity by 86,196,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $917.75 Million | +19.6% |
| Dividends Paid | $659.84 Million | -14.09% |
| Share Repurchases | $127.80 Million | -2.73% |
| Share Issuances | $95.15 Million | +2.03% |
| Other Comprehensive Income | $86.20 Million | +1.84% |
| Other Changes | $-14.86 Million | -0.32% |
| Total Change | $- | 6.76% |
Book Value vs Market Value Analysis
This analysis compares JSE 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: 0.11x
- 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 1.04x to 0.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $6.09 | $6.33 | x |
| 2003-12-31 | $6.32 | $6.33 | x |
| 2004-12-31 | $7.38 | $6.33 | x |
| 2005-12-31 | $8.16 | $6.33 | x |
| 2006-12-31 | $9.90 | $6.33 | x |
| 2007-12-31 | $12.93 | $6.33 | x |
| 2008-12-31 | $15.92 | $6.33 | x |
| 2009-12-31 | $18.58 | $6.33 | x |
| 2010-12-31 | $20.77 | $6.33 | x |
| 2011-12-31 | $20.50 | $6.33 | x |
| 2012-12-31 | $21.65 | $6.33 | x |
| 2013-12-31 | $25.42 | $6.33 | x |
| 2014-12-31 | $28.63 | $6.33 | x |
| 2015-12-31 | $34.19 | $6.33 | x |
| 2016-12-31 | $37.76 | $6.33 | x |
| 2017-12-31 | $42.13 | $6.33 | x |
| 2018-12-31 | $46.00 | $6.33 | x |
| 2019-12-31 | $46.31 | $6.33 | x |
| 2020-12-31 | $49.23 | $6.33 | x |
| 2021-12-31 | $50.60 | $6.33 | x |
| 2022-12-31 | $50.23 | $6.33 | x |
| 2023-12-31 | $52.88 | $6.33 | x |
| 2024-12-31 | $56.48 | $6.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JSE 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): 19.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.89%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 11.89x
- Recent ROE (19.60%) is below the historical average (19.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 9.42% | 13.73% | 0.10x | 6.61x | $-2.95 Million |
| 2003 | 3.70% | 5.94% | 0.08x | 7.49x | $-33.31 Million |
| 2004 | 14.39% | 23.62% | 0.07x | 8.48x | $27.13 Million |
| 2005 | 15.67% | 26.22% | 0.06x | 10.15x | $38.74 Million |
| 2006 | 16.92% | 22.03% | 0.06x | 12.80x | $57.70 Million |
| 2007 | 24.65% | 31.14% | 0.05x | 17.38x | $162.37 Million |
| 2008 | 27.26% | 33.68% | 0.07x | 12.12x | $237.01 Million |
| 2009 | 22.78% | 30.56% | 0.07x | 10.33x | $205.13 Million |
| 2010 | 21.10% | 28.96% | 0.08x | 9.58x | $198.90 Million |
| 2011 | 19.32% | 24.12% | 0.08x | 9.80x | $164.89 Million |
| 2012 | 16.15% | 21.82% | 0.08x | 9.13x | $115.01 Million |
| 2013 | 23.15% | 32.11% | 0.07x | 9.77x | $287.78 Million |
| 2014 | 25.64% | 35.66% | 0.06x | 11.81x | $386.94 Million |
| 2015 | 30.43% | 42.16% | 0.06x | 13.05x | $603.86 Million |
| 2016 | 28.13% | 39.32% | 0.05x | 14.06x | $592.75 Million |
| 2017 | 23.04% | 37.48% | 0.06x | 10.67x | $472.87 Million |
| 2018 | 22.77% | 41.10% | 0.05x | 10.56x | $506.74 Million |
| 2019 | 17.51% | 31.78% | 0.05x | 10.13x | $298.15 Million |
| 2020 | 18.91% | 31.82% | 0.05x | 12.54x | $366.72 Million |
| 2021 | 17.12% | 28.70% | 0.04x | 14.47x | $300.54 Million |
| 2022 | 17.94% | 28.25% | 0.04x | 14.70x | $331.24 Million |
| 2023 | 18.95% | 29.47% | 0.05x | 13.63x | $392.36 Million |
| 2024 | 19.60% | 30.89% | 0.05x | 11.89x | $449.48 Million |
Industry Comparison
This section compares JSE Limited's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $9,077,174,558
- Average return on equity (ROE) among peers: -171.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JSE Limited (JSEJF) | $4.43 Billion | 9.42% | 11.85x | $490.29 Million |
| ASX Limited (ASXFF) | $2.76 Billion | 10.63% | 2.45x | $7.32 Billion |
| B3 S.A. - Brasil Bolsa Balcão (BOLSY) | $25.40 Billion | 10.69% | 0.58x | $16.93 Billion |
| Bolsa Mexicana de Valores S.A.B. de C.V (BOMXF) | $7.67 Billion | 19.68% | 0.15x | $1.05 Billion |
| Bursa Malaysia Bhd Ord (BSMAF) | $827.48 Million | 20.92% | 1.10x | $835.52 Million |
| Bit Origin Ltd (BTOG) | $909.58K | -1927.48% | 6.35x | $2.63 Million |
| Cboe Global Markets Inc (CBOE) | $3.60 Billion | 14.67% | 0.89x | $30.38 Billion |
| CME Group Inc (CME) | $28.73 Billion | 14.08% | 5.91x | $110.13 Billion |
| Coinbase Global Inc (COIN) | $10.28 Billion | 25.10% | 1.19x | $46.24 Billion |
| Deutsche Börse AG (DBOEF) | $11.26 Billion | 17.31% | 18.73x | $44.04 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $250.60 Million | 82.44% | 4.68x | $2.89 Billion |