The SPAR Group Ltd
The SPAR Group Ltd engages in the wholesale and distribution of goods and services to grocery stores and other group retail outlets in South Africa and internationally. The company offers fresh produce, in-store bakery, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, building and hardware products, coffee, dispensary and he… Read more
The SPAR Group Ltd (SGPPF) - Net Assets
Latest net assets as of September 2025: $5.31 Billion USD
Based on the latest financial reports, The SPAR Group Ltd (SGPPF) has net assets worth $5.31 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($46.22 Billion) and total liabilities ($40.91 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 | $5.31 Billion |
| % of Total Assets | 11.49% |
| Annual Growth Rate | 10.28% |
| 5-Year Change | -36.6% |
| 10-Year Change | -5.86% |
| Growth Volatility | 20.9 |
The SPAR Group Ltd - Net Assets Trend (2005–2025)
This chart illustrates how The SPAR Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The SPAR Group Ltd (2005–2025)
The table below shows the annual net assets of The SPAR Group Ltd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $5.31 Billion | -48.79% |
| 2024-09-30 | $10.37 Billion | +1.49% |
| 2023-09-30 | $10.22 Billion | +2.12% |
| 2022-09-30 | $10.01 Billion | +19.45% |
| 2021-09-30 | $8.38 Billion | +6.20% |
| 2020-09-30 | $7.89 Billion | +5.66% |
| 2019-09-30 | $7.47 Billion | +5.03% |
| 2018-09-30 | $7.11 Billion | +8.13% |
| 2017-09-30 | $6.58 Billion | +16.52% |
| 2016-09-30 | $5.64 Billion | +69.54% |
| 2015-09-30 | $3.33 Billion | +9.98% |
| 2014-09-30 | $3.03 Billion | -4.76% |
| 2013-09-30 | $3.18 Billion | +11.99% |
| 2012-09-30 | $2.84 Billion | +13.98% |
| 2011-09-30 | $2.49 Billion | +13.82% |
| 2010-09-30 | $2.19 Billion | +12.72% |
| 2009-09-30 | $1.94 Billion | +30.41% |
| 2008-09-30 | $1.49 Billion | +34.07% |
| 2007-09-30 | $1.11 Billion | +24.35% |
| 2006-09-30 | $892.40 Million | +18.86% |
| 2005-09-30 | $750.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The SPAR Group Ltd'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 221.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.34 Billion | 44.04% |
| Common Stock | $2.23 Billion | 42.01% |
| Other Components | $741.20 Million | 13.95% |
| Total Equity | $5.31 Billion | 100.00% |
The SPAR Group Ltd Competitors by Market Cap
The table below lists competitors of The SPAR Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sumec Corp Ltd
SHG:600710
|
$921.15 Million |
|
ChemoMetec A/S
CO:CHEMM
|
$921.20 Million |
|
ams AG
PINK:AUKUF
|
$921.39 Million |
|
LSHGF
OTCGREY:LSHGF
|
$921.43 Million |
|
PNC Process Systems Co Ltd
SHG:603690
|
$920.87 Million |
|
Acbel Polytech Inc
TW:6282
|
$920.78 Million |
|
Jungfraubahn Holding AG
OTCGREY:JFBHF
|
$920.41 Million |
|
Eastcompeace Technology Co Ltd
SHE:002017
|
$920.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The SPAR Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,373,700,000 to 5,312,300,000, a change of -5,061,400,000 (-48.8%).
- Net loss of 4,828,100,000 reduced equity.
- Share repurchases of 8,400,000 reduced equity.
- Other comprehensive income decreased equity by 1,014,400,000.
- Other factors increased equity by 789,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.83 Billion | -90.89% |
| Share Repurchases | $8.40 Million | -0.16% |
| Other Comprehensive Income | $-1.01 Billion | -19.1% |
| Other Changes | $789.50 Million | +14.86% |
| Total Change | $- | -48.79% |
Book Value vs Market Value Analysis
This analysis compares The SPAR Group Ltd'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: 0.21x
- 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 1.35x to 0.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-09-30 | $4.34 | $5.88 | x |
| 2006-09-30 | $5.07 | $5.88 | x |
| 2007-09-30 | $6.35 | $5.88 | x |
| 2008-09-30 | $8.52 | $5.88 | x |
| 2009-09-30 | $11.09 | $5.88 | x |
| 2010-09-30 | $12.09 | $5.88 | x |
| 2011-09-30 | $13.63 | $5.88 | x |
| 2012-09-30 | $15.34 | $5.88 | x |
| 2013-09-30 | $17.21 | $5.88 | x |
| 2014-09-30 | $16.36 | $5.88 | x |
| 2015-09-30 | $17.71 | $5.88 | x |
| 2016-09-30 | $31.07 | $5.88 | x |
| 2017-09-30 | $33.93 | $5.88 | x |
| 2018-09-30 | $36.66 | $5.88 | x |
| 2019-09-30 | $38.61 | $5.88 | x |
| 2020-09-30 | $41.25 | $5.88 | x |
| 2021-09-30 | $42.50 | $5.88 | x |
| 2022-09-30 | $50.77 | $5.88 | x |
| 2023-09-30 | $53.08 | $5.88 | x |
| 2024-09-30 | $53.85 | $5.88 | x |
| 2025-09-30 | $27.57 | $5.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The SPAR Group Ltd 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): -90.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.67%
- • Asset Turnover: 2.84x
- • Equity Multiplier: 8.70x
- Recent ROE (-90.89%) is below the historical average (27.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 45.63% | 2.49% | 5.08x | 3.60x | $267.52 Million |
| 2006 | 45.67% | 2.37% | 4.86x | 3.96x | $318.36 Million |
| 2007 | 47.13% | 2.39% | 4.33x | 4.56x | $412.03 Million |
| 2008 | 45.81% | 2.53% | 4.63x | 3.92x | $532.82 Million |
| 2009 | 38.41% | 2.31% | 4.93x | 3.37x | $551.17 Million |
| 2010 | 41.87% | 2.63% | 4.63x | 3.44x | $697.08 Million |
| 2011 | 38.26% | 2.48% | 4.63x | 3.33x | $703.65 Million |
| 2012 | 37.32% | 2.45% | 4.36x | 3.49x | $775.14 Million |
| 2013 | 37.46% | 2.51% | 4.84x | 3.08x | $872.73 Million |
| 2014 | 44.44% | 2.47% | 3.22x | 5.60x | $1.04 Billion |
| 2015 | 42.69% | 1.94% | 3.79x | 5.81x | $1.09 Billion |
| 2016 | 32.16% | 2.00% | 3.32x | 4.85x | $1.25 Billion |
| 2017 | 27.68% | 1.91% | 3.38x | 4.29x | $1.16 Billion |
| 2018 | 25.70% | 1.81% | 3.23x | 4.40x | $1.12 Billion |
| 2019 | 28.97% | 1.98% | 3.21x | 4.56x | $1.42 Billion |
| 2020 | 26.06% | 1.67% | 2.36x | 6.63x | $1.28 Billion |
| 2021 | 27.62% | 1.77% | 2.46x | 6.35x | $1.45 Billion |
| 2022 | 22.00% | 1.59% | 2.37x | 5.84x | $1.17 Billion |
| 2023 | 3.93% | 0.27% | 2.38x | 6.03x | $-620.21 Million |
| 2024 | 3.39% | 0.23% | 2.57x | 5.71x | $-685.47 Million |
| 2025 | -90.89% | -3.67% | 2.84x | 8.70x | $-5.36 Billion |
Industry Comparison
This section compares The SPAR Group Ltd's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $2,940,586,128
- Average return on equity (ROE) among peers: 6.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The SPAR Group Ltd (SGPPF) | $5.31 Billion | 45.63% | 7.70x | $920.87 Million |
| 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 | $2.24 Billion |
| Mission Produce Inc (AVO) | $313.45 Million | 23.10% | 0.98x | $470.71 Million |
| Bid Corporation Limited (BPPPF) | $26.79 Billion | 13.23% | 1.31x | $7.96 Billion |
| Bunzl plc (BZLFF) | $1.31 Billion | 20.26% | 2.48x | $8.90 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 | $2.33 Billion |