Grupo Security (SECURITY) - Net Assets
Based on the latest financial reports, Grupo Security (SECURITY) has net assets worth CL$1.09 Trillion CLP (≈ $1.22 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 (CL$15.89 Trillion ≈ $17.77 Billion USD) and total liabilities (CL$14.80 Trillion ≈ $16.55 Billion USD). 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. Check Grupo Security (SECURITY) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CL$1.09 Trillion |
| % of Total Assets | 6.88% |
| Annual Growth Rate | 7.79% |
| 5-Year Change | 30.5% |
| 10-Year Change | 96.85% |
| Growth Volatility | 5.41 |
Grupo Security - Net Assets Trend (2014–2024)
This chart illustrates how Grupo Security's net assets have evolved over time, based on quarterly financial data. Also explore how large is Grupo Security's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Grupo Security (2014–2024)
The table below shows the annual net assets of Grupo Security from 2014 to 2024. For live valuation and market cap data, see SECURITY market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CL$1.12 Trillion ≈ $1.26 Billion |
+5.02% |
| 2023-12-31 | CL$1.07 Trillion ≈ $1.20 Billion |
+15.93% |
| 2022-12-31 | CL$923.60 Billion ≈ $1.03 Billion |
+6.52% |
| 2021-12-31 | CL$867.08 Billion ≈ $969.69 Million |
+0.62% |
| 2020-12-31 | CL$861.74 Billion ≈ $963.73 Million |
+9.90% |
| 2019-12-31 | CL$784.15 Billion ≈ $876.95 Million |
+4.69% |
| 2018-12-31 | CL$749.04 Billion ≈ $837.68 Million |
+3.67% |
| 2017-12-31 | CL$722.53 Billion ≈ $808.03 Million |
+19.28% |
| 2016-12-31 | CL$605.72 Billion ≈ $677.40 Million |
+6.03% |
| 2015-12-31 | CL$571.28 Billion ≈ $638.88 Million |
+7.58% |
| 2014-12-31 | CL$531.03 Billion ≈ $593.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grupo Security'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 231.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CL$708.11 Billion | 64.93% |
| Other Components | CL$382.39 Billion | 35.07% |
| Total Equity | CL$1.09 Trillion | 100.00% |
Grupo Security Competitors by Market Cap
The table below lists competitors of Grupo Security ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bright Dairy & Food Co Ltd
SHG:600597
|
$1.49 Billion |
|
Etablissements Maurel et Prom SA
PA:MAU
|
$1.49 Billion |
|
Zhejiang Huatong Meat Products Co Ltd
SHE:002840
|
$1.49 Billion |
|
Global Blue Group Holding Ltd
NYSE:GB
|
$1.49 Billion |
|
Richinfo Technology Co Ltd Class A
SHE:300634
|
$1.49 Billion |
|
GuoChuang Software Co Ltd
SHE:300520
|
$1.49 Billion |
|
NGL Energy Partners LP
NYSE:NGL
|
$1.49 Billion |
|
Molymet
SN:MOLYMET
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grupo Security's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,034,165,640,000 to 1,090,504,263,000, a change of 56,338,623,000 (5.4%).
- Net income of 155,595,536,000 contributed positively to equity growth.
- Dividend payments of 74,085,608,000 reduced retained earnings.
- Other factors decreased equity by 25,171,305,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CL$155.60 Billion | +14.27% |
| Dividends Paid | CL$74.09 Billion | -6.79% |
| Other Changes | CL$-25.17 Billion | -2.31% |
| Total Change | CL$- | 5.45% |
Book Value vs Market Value Analysis
This analysis compares Grupo Security'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: 1.22x
- 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 1.75x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CL$191.39 | CL$334.00 | x |
| 2018-12-31 | CL$197.16 | CL$334.00 | x |
| 2019-12-31 | CL$208.32 | CL$334.00 | x |
| 2020-12-31 | CL$206.69 | CL$334.00 | x |
| 2021-12-31 | CL$209.24 | CL$334.00 | x |
| 2022-12-31 | CL$224.81 | CL$334.00 | x |
| 2023-12-31 | CL$258.84 | CL$334.00 | x |
| 2024-12-31 | CL$272.94 | CL$334.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grupo Security 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): 14.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.95%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 14.36x
- Recent ROE (14.27%) is above the historical average (12.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.67% | 24.11% | 0.03x | 14.67x | CL$8.74 Billion |
| 2015 | 11.79% | 24.41% | 0.03x | 15.60x | CL$9.86 Billion |
| 2016 | 12.73% | 8.92% | 0.09x | 15.93x | CL$15.96 Billion |
| 2017 | 10.60% | 7.52% | 0.10x | 13.96x | CL$4.22 Billion |
| 2018 | 11.06% | 9.98% | 0.08x | 14.47x | CL$7.70 Billion |
| 2019 | 10.54% | 8.82% | 0.08x | 15.75x | CL$4.18 Billion |
| 2020 | 7.80% | 7.49% | 0.07x | 14.27x | CL$-18.41 Billion |
| 2021 | 10.58% | 8.37% | 0.08x | 16.34x | CL$4.82 Billion |
| 2022 | 14.51% | 6.80% | 0.13x | 16.49x | CL$40.50 Billion |
| 2023 | 19.01% | 13.56% | 0.09x | 15.21x | CL$93.15 Billion |
| 2024 | 14.27% | 9.95% | 0.10x | 14.36x | CL$46.55 Billion |
Industry Comparison
This section compares Grupo Security's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,252,547,000,000
- Average return on equity (ROE) among peers: 11.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grupo Security (SECURITY) | CL$1.09 Trillion | 11.67% | 13.54x | $1.49 Billion |
| Banco de Credito e Inversiones (BCI) | $3.89 Trillion | 8.15% | 13.68x | $14.86 Billion |
| Banco Santander Chile (BSANTANDER) | $5.32 Trillion | 10.90% | 12.37x | $15.16 Billion |
| Banco de Chile (CHILE) | $3.55 Trillion | 16.14% | 8.18x | $19.06 Billion |
About Grupo Security
Grupo Security S.A., a diversified financial holding company, provides commercial and retail banking, insurance, factoring, asset management, and other products and services to large and medium-sized companies, and high-income individuals in Chile. The company offers financing services to companies and individuals; and factoring and stock brokerage services. It also provides investment, asset and… Read more