Just Group plc
Just Group plc provides various retirement income products and services to individual, homeowners, and corporate clients in the United Kingdom. It offers defined benefit de-risking, guaranteed income for life, secure lifetime income, care plan, and lifetime mortgage solutions. The company also engages in professional services and distribution business, which offers technology, broking, and advice… Read more
Just Group plc (JTGPF) - Net Assets
Latest net assets as of June 2025: $1.27 Billion USD
Based on the latest financial reports, Just Group plc (JTGPF) has net assets worth $1.27 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 ($38.69 Billion) and total liabilities ($37.43 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 | $1.27 Billion |
| % of Total Assets | 3.27% |
| Annual Growth Rate | -11.69% |
| 5-Year Change | -49.97% |
| 10-Year Change | N/A |
| Growth Volatility | 18.73 |
Just Group plc - Net Assets Trend (2019–2024)
This chart illustrates how Just Group 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 Just Group plc (2019–2024)
The table below shows the annual net assets of Just Group plc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.25 Billion | +3.57% |
| 2023-12-31 | $1.20 Billion | -44.76% |
| 2022-12-31 | $2.18 Billion | -10.75% |
| 2021-12-31 | $2.44 Billion | -2.02% |
| 2020-12-31 | $2.49 Billion | +7.30% |
| 2019-12-31 | $2.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Just Group 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 decreased by 124.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.47 Billion | 117.58% |
| Total Equity | $1.25 Billion | 100.00% |
Just Group plc Competitors by Market Cap
The table below lists competitors of Just Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nextnav Acquisition Corp
NASDAQ:NN
|
$1.76 Billion |
|
Sigurd Microelectronics Corp
TW:6257
|
$1.76 Billion |
|
Roshow Technology Co Ltd
SHE:002617
|
$1.76 Billion |
|
Banca Popolare di Sondrio ScpA
LSE:0NWJ
|
$1.76 Billion |
|
V2X Inc
NYSE:VVX
|
$1.76 Billion |
|
Xometry Inc
NASDAQ:XMTR
|
$1.76 Billion |
|
WisdomTree Inc.
NYSE:WT
|
$1.76 Billion |
|
Far East Smarter Energy Co Ltd
SHG:600869
|
$1.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Just Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,205,000,000 to 1,246,000,000, a change of 41,000,000 (3.4%).
- Net income of 80,000,000 contributed positively to equity growth.
- Dividend payments of 23,000,000 reduced retained earnings.
- Other factors decreased equity by 16,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $80.00 Million | +6.42% |
| Dividends Paid | $23.00 Million | -1.85% |
| Other Changes | $-16.00 Million | -1.28% |
| Total Change | $- | 3.40% |
Book Value vs Market Value Analysis
This analysis compares Just Group 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: 1.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.85x to 1.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2.24 | $1.90 | x |
| 2020-12-31 | $2.40 | $1.90 | x |
| 2021-12-31 | $2.35 | $1.90 | x |
| 2022-12-31 | $2.10 | $1.90 | x |
| 2023-12-31 | $1.16 | $1.90 | x |
| 2024-12-31 | $1.20 | $1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Just Group 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): 6.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.04x
- • Equity Multiplier: 30.43x
- Recent ROE (6.42%) is above the historical average (4.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 13.03% | 7.94% | 0.15x | 11.15x | $70.42 Million |
| 2020 | 7.77% | 4.18% | 0.16x | 11.30x | $-55.63 Million |
| 2021 | -0.61% | -0.59% | 0.09x | 11.61x | $-259.19 Million |
| 2022 | -10.60% | 0.00% | -0.06x | 12.44x | $-449.13 Million |
| 2023 | 10.71% | 14.14% | 0.03x | 26.42x | $8.50 Million |
| 2024 | 6.42% | 0.00% | -0.04x | 30.43x | $-44.60 Million |
Industry Comparison
This section compares Just Group plc's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $1,750,559,688
- Average return on equity (ROE) among peers: 95.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Just Group plc (JTGPF) | $1.27 Billion | 13.03% | 29.56x | $1.76 Billion |
| ACMAT Corporation (ACMT) | $28.31 Million | 2.63% | 1.14x | $2.73 Million |
| Enact Holdings Inc (ACT) | $5.00 Billion | 13.77% | 0.31x | $1.07 Billion |
| Assured Guaranty Ltd (AGO) | $1.67 Billion | -18.20% | 1.28x | $3.59 Billion |
| Ambac Financial Group Inc (AMBC) | $1.43 Billion | 0.25% | 4.61x | $343.48 Million |
| AMERISAFE Inc (AMSF) | $253.27 Million | 17.31% | 3.37x | $604.47 Million |
| AXIS Capital Holdings Ltd (AXS) | $6.27 Billion | 8.18% | 2.32x | $7.46 Billion |
| Beazley plc (BZLYF) | $2.61 Billion | 0.73% | 0.02x | $6.37 Billion |
| Employers Holdings Inc (EIG) | $9.75 Million | 980.17% | 300.10x | $745.99 Million |
| Essent Group Ltd (ESNT) | $176.06 Million | -19.06% | 0.19x | $5.40 Billion |
| First Acceptance Corp (FACO) | $65.52 Million | -26.69% | 4.43x | $134.82 Million |