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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Adcorp Holdings's retained earnings for the quarter that ended in Feb. 2026 was R-123 Mil.
Adcorp Holdings's quarterly retained earnings
increased
from Feb. 2025 (R-189 Mil) to Aug. 2025 (R-187 Mil) and
increased
from Aug. 2025 (R-187 Mil) to Feb. 2026 (R-123 Mil).
Adcorp Holdings's annual retained earnings
increased
from Feb. 2024 (R-292 Mil) to Feb. 2025 (R-189 Mil) and
increased
from Feb. 2025 (R-189 Mil) to Feb. 2026 (R-123 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Adcorp Holdings Retained Earnings Historical Data
* Premium members only.
The historical data trend for Adcorp Holdings's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Adcorp Holdings (JSE:ADR) has a Retained Earnings of R-123 Mil as of Feb. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Adcorp Holdings and its competitors.
Is Adcorp Holdings' Retained Earnings too high?
Adcorp Holdings' current Retained Earnings is R-123 Mil. Overall, Adcorp Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' Retained Earnings compare to KFY and RHI?
Adcorp Holdings' Retained Earnings of R-123 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Business Services company?
A good Retained Earnings depends on the Business Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Adcorp Holdings and its competitors. Adcorp Holdings's current Retained Earnings is R-123 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.45 — trading 40.2% above its estimated fair value. The current Retained Earnings is R-123 Mil. Adcorp Holdings' overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Adcorp Holdings (JSE:ADR), the current Retained Earnings is R-123 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Adcorp Holdings (JSE:ADR) Overvalued in 2026?
Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued.
The current stock price of R6.45 is trading 40.2% above its estimated GF Value™ of R4.60.
GuruFocus considers Adcorp Holdings to be Significantly Overvalued.
Key valuation signals for JSE:ADR:
Retained Earnings: R-123 Mil
GF Value™: R4.60 vs. price of R6.45 (40.2% above fair value)
No single metric tells the full story. See the JSE:ADR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
59GF Score
Get the complete analysis for JSE:ADR
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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