Serco Group plc
Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programme management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger tra… Read more
Serco Group plc (SECCF) - Net Assets
Latest net assets as of June 2025: $871.30 Million USD
Based on the latest financial reports, Serco Group plc (SECCF) has net assets worth $871.30 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.84 Billion) and total liabilities ($1.97 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 | $871.30 Million |
| % of Total Assets | 30.72% |
| Annual Growth Rate | 13.99% |
| 5-Year Change | 17.83% |
| 10-Year Change | 198.65% |
| Growth Volatility | 52.91 |
Serco Group plc - Net Assets Trend (1985–2024)
This chart illustrates how Serco 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 Serco Group plc (1985–2024)
The table below shows the annual net assets of Serco Group plc from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $842.50 Million | -18.50% |
| 2023-12-31 | $1.03 Billion | +0.39% |
| 2022-12-31 | $1.03 Billion | +2.11% |
| 2021-12-31 | $1.01 Billion | +41.03% |
| 2020-12-31 | $715.00 Million | +31.70% |
| 2019-12-31 | $542.90 Million | +40.36% |
| 2018-12-31 | $386.80 Million | +45.80% |
| 2017-12-31 | $265.30 Million | -33.48% |
| 2016-12-31 | $398.80 Million | +41.37% |
| 2015-12-31 | $282.10 Million | +526.13% |
| 2014-12-31 | $-66.20 Million | -106.04% |
| 2013-12-31 | $1.10 Billion | -2.92% |
| 2012-12-31 | $1.13 Billion | +12.46% |
| 2011-12-31 | $1.00 Billion | +19.32% |
| 2010-12-31 | $841.30 Million | +21.56% |
| 2009-12-31 | $692.10 Million | +0.99% |
| 2008-12-31 | $685.30 Million | +37.47% |
| 2007-12-31 | $498.50 Million | +38.51% |
| 2006-12-31 | $359.90 Million | +38.42% |
| 2005-12-31 | $260.00 Million | +53.66% |
| 2004-12-31 | $169.20 Million | -39.75% |
| 2003-12-31 | $280.81 Million | +12.48% |
| 2002-12-31 | $249.65 Million | +93.42% |
| 2001-12-31 | $129.07 Million | +18.50% |
| 2000-12-31 | $108.92 Million | +18.88% |
| 1999-12-31 | $91.63 Million | +26.92% |
| 1998-12-31 | $72.19 Million | +170.59% |
| 1997-12-31 | $26.68 Million | +1.54% |
| 1996-12-31 | $26.27 Million | +49.99% |
| 1995-12-31 | $17.52 Million | +41.71% |
| 1994-12-31 | $12.36 Million | +19.38% |
| 1993-12-31 | $10.36 Million | -13.03% |
| 1992-12-31 | $11.91 Million | -9.51% |
| 1991-12-31 | $13.16 Million | +156.79% |
| 1990-12-31 | $5.12 Million | -21.75% |
| 1989-12-31 | $6.55 Million | +24.63% |
| 1988-12-31 | $5.25 Million | +153.08% |
| 1987-12-31 | $2.08 Million | -65.59% |
| 1986-12-31 | $6.03 Million | +18.09% |
| 1985-12-31 | $5.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Serco 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 grown by 10162.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $524.30 Million | 62.23% |
| Common Stock | $20.50 Million | 2.43% |
| Other Components | $297.70 Million | 35.34% |
| Total Equity | $842.50 Million | 100.00% |
Serco Group plc Competitors by Market Cap
The table below lists competitors of Serco Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Puma SE
PINK:PMMAF
|
$2.16 Billion |
|
Yadea Group Holdings Ltd
PINK:YADGF
|
$2.16 Billion |
|
Pirelli & C. S.p.A
OTCGREY:PLLIF
|
$2.16 Billion |
|
Shan XI Hua Yang Group New Energy Co Ltd
SHG:600348
|
$2.16 Billion |
|
Sankyu Inc
F:SNK
|
$2.16 Billion |
|
Diebold Nixdorf, Incorporated
NYSE:DBD
|
$2.16 Billion |
|
FREEDOM HLDG DL-001
F:DMW2
|
$2.15 Billion |
|
First Busey Corporation
NASDAQ:BUSEP
|
$2.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Serco Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,034,000,000 to 842,500,000, a change of -191,500,000 (-18.5%).
- Net income of 44,200,000 contributed positively to equity growth.
- Dividend payments of 38,400,000 reduced retained earnings.
- Share repurchases of 164,100,000 reduced equity.
- New share issuances of 100,000 increased equity.
- Other comprehensive income increased equity by 110,300,000.
- Other factors decreased equity by 143,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $44.20 Million | +5.25% |
| Dividends Paid | $38.40 Million | -4.56% |
| Share Repurchases | $164.10 Million | -19.48% |
| Share Issuances | $100.00K | +0.01% |
| Other Comprehensive Income | $110.30 Million | +13.09% |
| Other Changes | $-143.60 Million | -17.04% |
| Total Change | $- | -18.52% |
Book Value vs Market Value Analysis
This analysis compares Serco 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: 2.75x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 68.29x to 2.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.03 | $2.15 | x |
| 1986-12-31 | $0.04 | $2.15 | x |
| 1987-12-31 | $0.01 | $2.15 | x |
| 1988-12-31 | $0.02 | $2.15 | x |
| 1989-12-31 | $0.02 | $2.15 | x |
| 1990-12-31 | $0.02 | $2.15 | x |
| 1991-12-31 | $0.04 | $2.15 | x |
| 1992-12-31 | $0.03 | $2.15 | x |
| 1993-12-31 | $0.02 | $2.15 | x |
| 1994-12-31 | $0.03 | $2.15 | x |
| 1995-12-31 | $0.04 | $2.15 | x |
| 1996-12-31 | $0.06 | $2.15 | x |
| 1997-12-31 | $0.06 | $2.15 | x |
| 1998-12-31 | $0.15 | $2.15 | x |
| 1999-12-31 | $0.19 | $2.15 | x |
| 2000-12-31 | $0.22 | $2.15 | x |
| 2001-12-31 | $0.27 | $2.15 | x |
| 2002-12-31 | $0.48 | $2.15 | x |
| 2003-12-31 | $0.53 | $2.15 | x |
| 2004-12-31 | $0.31 | $2.15 | x |
| 2005-12-31 | $0.45 | $2.15 | x |
| 2006-12-31 | $0.61 | $2.15 | x |
| 2007-12-31 | $0.82 | $2.15 | x |
| 2008-12-31 | $1.13 | $2.15 | x |
| 2009-12-31 | $1.14 | $2.15 | x |
| 2010-12-31 | $1.36 | $2.15 | x |
| 2011-12-31 | $1.63 | $2.15 | x |
| 2012-12-31 | $1.82 | $2.15 | x |
| 2013-12-31 | $1.77 | $2.15 | x |
| 2014-12-31 | $-0.10 | $2.15 | x |
| 2015-12-31 | $0.28 | $2.15 | x |
| 2016-12-31 | $0.37 | $2.15 | x |
| 2017-12-31 | $0.24 | $2.15 | x |
| 2018-12-31 | $0.34 | $2.15 | x |
| 2019-12-31 | $0.45 | $2.15 | x |
| 2020-12-31 | $0.57 | $2.15 | x |
| 2021-12-31 | $0.81 | $2.15 | x |
| 2022-12-31 | $0.85 | $2.15 | x |
| 2023-12-31 | $0.92 | $2.15 | x |
| 2024-12-31 | $0.78 | $2.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Serco 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): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.92%
- • Asset Turnover: 1.80x
- • Equity Multiplier: 3.16x
- Recent ROE (5.25%) is below the historical average (22.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 18.58% | 3.71% | 2.27x | 2.20x | $438.10K |
| 1986 | 14.90% | 2.95% | 2.25x | 2.24x | $295.70K |
| 1987 | 87.67% | 4.63% | 2.23x | 8.49x | $1.61 Million |
| 1988 | 41.21% | 4.60% | 2.29x | 3.92x | $1.64 Million |
| 1989 | 33.09% | 3.70% | 2.39x | 3.75x | $1.51 Million |
| 1990 | 49.84% | 3.12% | 2.51x | 6.35x | $1.96 Million |
| 1991 | 22.10% | 2.77% | 2.08x | 3.83x | $1.59 Million |
| 1992 | 36.32% | 2.89% | 2.11x | 5.97x | $3.13 Million |
| 1993 | 52.76% | 2.92% | 1.90x | 9.49x | $4.43 Million |
| 1994 | 57.52% | 2.73% | 2.42x | 8.69x | $5.87 Million |
| 1995 | 50.86% | 2.76% | 2.30x | 8.02x | $7.16 Million |
| 1996 | 43.09% | 2.85% | 2.75x | 5.49x | $8.69 Million |
| 1997 | 54.47% | 2.97% | 2.42x | 7.57x | $11.87 Million |
| 1998 | 24.13% | 3.03% | 2.07x | 3.85x | $10.20 Million |
| 1999 | 21.60% | 2.96% | 1.81x | 4.03x | $10.63 Million |
| 2000 | 21.09% | 2.98% | 1.74x | 4.07x | $12.08 Million |
| 2001 | 20.94% | 2.96% | 1.56x | 4.54x | $14.12 Million |
| 2002 | 12.94% | 2.94% | 1.60x | 2.75x | $7.34 Million |
| 2003 | 11.86% | 2.51% | 1.07x | 4.40x | $5.22 Million |
| 2004 | 25.97% | 2.66% | 1.15x | 8.48x | $26.75 Million |
| 2005 | 20.71% | 2.36% | 1.07x | 8.19x | $27.61 Million |
| 2006 | 21.87% | 3.07% | 1.53x | 4.65x | $42.50 Million |
| 2007 | 16.47% | 2.91% | 1.61x | 3.50x | $32.18 Million |
| 2008 | 14.52% | 3.19% | 1.24x | 3.67x | $30.98 Million |
| 2009 | 18.82% | 3.28% | 1.57x | 3.66x | $61.00 Million |
| 2010 | 18.63% | 3.62% | 1.72x | 2.99x | $72.57 Million |
| 2011 | 17.44% | 3.77% | 1.46x | 3.17x | $74.72 Million |
| 2012 | 21.32% | 5.92% | 1.41x | 2.55x | $127.64 Million |
| 2013 | 8.98% | 2.30% | 1.53x | 2.56x | $-11.12 Million |
| 2014 | 0.00% | -37.47% | 1.62x | 0.00x | $-1.34 Billion |
| 2015 | -54.38% | -4.80% | 1.73x | 6.56x | $-180.66 Million |
| 2016 | -0.30% | -0.04% | 1.71x | 4.44x | $-40.94 Million |
| 2017 | -3.14% | -0.28% | 1.94x | 5.77x | $-34.70 Million |
| 2018 | 17.49% | 2.32% | 1.87x | 4.03x | $28.86 Million |
| 2019 | 9.31% | 1.55% | 1.56x | 3.84x | $-3.74 Million |
| 2020 | 18.76% | 3.44% | 1.61x | 3.38x | $62.47 Million |
| 2021 | 30.19% | 6.87% | 1.62x | 2.72x | $203.23 Million |
| 2022 | 15.11% | 3.43% | 1.65x | 2.67x | $52.58 Million |
| 2023 | 19.57% | 4.15% | 1.87x | 2.52x | $99.00 Million |
| 2024 | 5.25% | 0.92% | 1.80x | 3.16x | $-40.05 Million |
Industry Comparison
This section compares Serco Group plc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $772,489,888
- Average return on equity (ROE) among peers: -12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Serco Group plc (SECCF) | $871.30 Million | 18.58% | 2.26x | $2.16 Billion |
| All American Pet Co (AAPT) | $-1.12 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $284.02K | -124.30% | 3.55x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $4.20 Billion |
| Anacomp Inc (ANMP) | $101.14 Million | -0.68% | 0.63x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $30.94 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $-35.01 Million | 0.00% | 0.00x | $110.98 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $10.51 Billion |
| Atento S.A. (ATTOF) | $-348.87 Million | 0.00% | 0.00x | $945.48 |