Singapore Exchange Limited
Singapore Exchange Limited, an investment holding, engages in the operation of integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore. It operates through Fixed Income, Currencies and Commodities; Equities " Cash; Equities " Derivatives; and Platform and Others segments. The company offers treasury management; management and administrative … Read more
Singapore Exchange Limited (SPXCF) - Net Assets
Latest net assets as of December 2025: $2.29 Billion USD
Based on the latest financial reports, Singapore Exchange Limited (SPXCF) has net assets worth $2.29 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.16 Billion) and total liabilities ($1.87 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 | $2.29 Billion |
| % of Total Assets | 54.99% |
| Annual Growth Rate | 4.09% |
| 5-Year Change | 58.29% |
| 10-Year Change | 122.31% |
| Growth Volatility | 13.81 |
Singapore Exchange Limited - Net Assets Trend (2002–2025)
This chart illustrates how Singapore Exchange 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 Singapore Exchange Limited (2002–2025)
The table below shows the annual net assets of Singapore Exchange Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $2.20 Billion | +12.17% |
| 2024-06-30 | $1.96 Billion | +15.12% |
| 2023-06-30 | $1.70 Billion | +9.95% |
| 2022-06-30 | $1.55 Billion | +11.49% |
| 2021-06-30 | $1.39 Billion | +11.25% |
| 2020-06-30 | $1.25 Billion | +14.52% |
| 2019-06-30 | $1.09 Billion | -0.49% |
| 2018-06-30 | $1.10 Billion | +6.17% |
| 2017-06-30 | $1.03 Billion | +4.34% |
| 2016-06-30 | $989.58 Million | +1.35% |
| 2015-06-30 | $976.40 Million | +5.89% |
| 2014-06-30 | $922.08 Million | +3.76% |
| 2013-06-30 | $888.62 Million | +6.67% |
| 2012-06-30 | $833.05 Million | +1.10% |
| 2011-06-30 | $823.98 Million | +0.99% |
| 2010-06-30 | $815.92 Million | +4.86% |
| 2009-06-30 | $778.11 Million | -12.96% |
| 2008-06-30 | $893.93 Million | +7.65% |
| 2007-06-30 | $830.37 Million | +41.49% |
| 2006-06-30 | $586.86 Million | +23.66% |
| 2005-06-30 | $474.57 Million | -32.87% |
| 2004-06-30 | $706.95 Million | -15.63% |
| 2003-06-30 | $837.95 Million | -4.31% |
| 2002-06-30 | $875.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Singapore Exchange 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 152494100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.52 Billion | 69.32% |
| Common Stock | $419.20 Million | 19.06% |
| Other Components | $255.78 Million | 11.63% |
| Total Equity | $2.20 Billion | 100.00% |
Singapore Exchange Limited Competitors by Market Cap
The table below lists competitors of Singapore Exchange Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smith (DS) PLC
PINK:DSSMY
|
$10.38 Billion |
|
Boliden AB
ST:BOL
|
$10.39 Billion |
|
InterGlobe Aviation Limited
NSE:INDIGO
|
$10.39 Billion |
|
Medpace Holdings Inc
NASDAQ:MEDP
|
$10.40 Billion |
|
Zhongjin Gold Corp Ltd
SHG:600489
|
$10.35 Billion |
|
Ally Financial Inc
NYSE:ALLY
|
$10.34 Billion |
|
YPF S.A. D
BA:YPFD
|
$10.34 Billion |
|
Luckin Coffee
PINK:LKNCY
|
$10.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Singapore Exchange Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,959,846,000 to 2,199,921,000, a change of 240,075,000 (12.2%).
- Net income of 647,983,000 contributed positively to equity growth.
- Dividend payments of 385,346,000 reduced retained earnings.
- Share repurchases of 26,329,000 reduced equity.
- Other comprehensive income decreased equity by 152,145,000.
- Other factors increased equity by 155,912,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $647.98 Million | +29.45% |
| Dividends Paid | $385.35 Million | -17.52% |
| Share Repurchases | $26.33 Million | -1.2% |
| Other Comprehensive Income | $-152.15 Million | -6.92% |
| Other Changes | $155.91 Million | +7.09% |
| Total Change | $- | 12.25% |
Book Value vs Market Value Analysis
This analysis compares Singapore Exchange 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: 4.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.67x to 4.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-06-30 | $0.84 | $9.75 | x |
| 2003-06-30 | $0.80 | $9.75 | x |
| 2004-06-30 | $0.62 | $9.75 | x |
| 2005-06-30 | $0.46 | $9.75 | x |
| 2006-06-30 | $0.56 | $9.75 | x |
| 2007-06-30 | $0.78 | $9.75 | x |
| 2008-06-30 | $0.84 | $9.75 | x |
| 2009-06-30 | $0.73 | $9.75 | x |
| 2010-06-30 | $0.76 | $9.75 | x |
| 2011-06-30 | $0.77 | $9.75 | x |
| 2012-06-30 | $0.78 | $9.75 | x |
| 2013-06-30 | $0.83 | $9.75 | x |
| 2014-06-30 | $0.86 | $9.75 | x |
| 2015-06-30 | $0.91 | $9.75 | x |
| 2016-06-30 | $0.92 | $9.75 | x |
| 2017-06-30 | $0.96 | $9.75 | x |
| 2018-06-30 | $1.02 | $9.75 | x |
| 2019-06-30 | $1.02 | $9.75 | x |
| 2020-06-30 | $1.16 | $9.75 | x |
| 2021-06-30 | $1.28 | $9.75 | x |
| 2022-06-30 | $1.40 | $9.75 | x |
| 2023-06-30 | $1.54 | $9.75 | x |
| 2024-06-30 | $1.79 | $9.75 | x |
| 2025-06-30 | $2.05 | $9.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Singapore Exchange 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): 29.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.28%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.88x
- Recent ROE (29.45%) is below the historical average (32.33%), 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 | 7.28% | 26.63% | 0.19x | 1.46x | $-22.75 Million |
| 2003 | 2.00% | 7.32% | 0.18x | 1.48x | $-63.93 Million |
| 2004 | 20.76% | 42.04% | 0.32x | 1.57x | $68.92 Million |
| 2005 | 21.99% | 37.99% | 0.27x | 2.17x | $56.91 Million |
| 2006 | 31.97% | 46.03% | 0.43x | 1.63x | $128.93 Million |
| 2007 | 50.79% | 73.20% | 0.31x | 2.23x | $338.74 Million |
| 2008 | 53.51% | 62.23% | 0.40x | 2.14x | $388.93 Million |
| 2009 | 39.28% | 51.39% | 0.42x | 1.82x | $227.85 Million |
| 2010 | 39.23% | 50.03% | 0.46x | 1.72x | $238.48 Million |
| 2011 | 35.78% | 44.63% | 0.44x | 1.84x | $212.46 Million |
| 2012 | 35.02% | 45.03% | 0.37x | 2.08x | $208.45 Million |
| 2013 | 37.80% | 46.97% | 0.40x | 2.02x | $247.04 Million |
| 2014 | 34.75% | 46.65% | 0.42x | 1.78x | $228.23 Million |
| 2015 | 35.70% | 44.78% | 0.43x | 1.85x | $250.97 Million |
| 2016 | 35.27% | 42.11% | 0.39x | 2.13x | $250.06 Million |
| 2017 | 32.90% | 42.12% | 0.39x | 1.98x | $236.44 Million |
| 2018 | 33.13% | 42.47% | 0.40x | 1.93x | $253.58 Million |
| 2019 | 35.85% | 42.99% | 0.43x | 1.95x | $282.01 Million |
| 2020 | 37.90% | 44.82% | 0.39x | 2.15x | $347.33 Million |
| 2021 | 32.16% | 42.18% | 0.35x | 2.18x | $306.92 Million |
| 2022 | 29.23% | 41.07% | 0.29x | 2.50x | $296.96 Million |
| 2023 | 33.56% | 47.80% | 0.32x | 2.22x | $400.80 Million |
| 2024 | 30.51% | 48.54% | 0.31x | 2.03x | $401.92 Million |
| 2025 | 29.45% | 47.28% | 0.33x | 1.88x | $427.99 Million |
Industry Comparison
This section compares Singapore Exchange 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 |
|---|---|---|---|---|
| Singapore Exchange Limited (SPXCF) | $2.29 Billion | 7.28% | 0.82x | $10.37 Billion |
| 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 |