Eurocommercial Properties N.V. (ECMPA) - Net Assets
Based on the latest financial reports, Eurocommercial Properties N.V. (ECMPA) has net assets worth €2.10 Billion EUR (≈ $2.46 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 (€4.00 Billion ≈ $4.68 Billion USD) and total liabilities (€1.90 Billion ≈ $2.22 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 Eurocommercial Properties N.V. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.10 Billion |
| % of Total Assets | 52.58% |
| Annual Growth Rate | 5.33% |
| 5-Year Change | 7.18% |
| 10-Year Change | 25.77% |
| Growth Volatility | 9.98 |
Eurocommercial Properties N.V. - Net Assets Trend (2002–2025)
This chart illustrates how Eurocommercial Properties N.V.'s net assets have evolved over time, based on quarterly financial data. Also explore Eurocommercial Properties N.V. (ECMPA) total assets for the complete picture of this company's asset base.
Annual Net Assets for Eurocommercial Properties N.V. (2002–2025)
The table below shows the annual net assets of Eurocommercial Properties N.V. from 2002 to 2025. For live valuation and market cap data, see ECMPA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €2.09 Billion ≈ $2.44 Billion |
+3.91% |
| 2024-06-30 | €2.01 Billion ≈ $2.35 Billion |
-4.93% |
| 2023-06-30 | €2.11 Billion ≈ $2.47 Billion |
+4.55% |
| 2022-06-30 | €2.02 Billion ≈ $2.36 Billion |
+3.77% |
| 2021-06-30 | €1.95 Billion ≈ $2.27 Billion |
+2.06% |
| 2019-06-30 | €1.91 Billion ≈ $2.23 Billion |
-1.71% |
| 2018-06-30 | €1.94 Billion ≈ $2.27 Billion |
-1.72% |
| 2017-06-30 | €1.97 Billion ≈ $2.31 Billion |
+10.16% |
| 2016-06-30 | €1.79 Billion ≈ $2.09 Billion |
+8.05% |
| 2015-06-30 | €1.66 Billion ≈ $1.94 Billion |
+19.59% |
| 2014-06-30 | €1.39 Billion ≈ $1.62 Billion |
+1.51% |
| 2013-06-30 | €1.37 Billion ≈ $1.60 Billion |
+5.07% |
| 2012-06-30 | €1.30 Billion ≈ $1.52 Billion |
-5.11% |
| 2011-06-30 | €1.37 Billion ≈ $1.60 Billion |
+12.83% |
| 2010-06-30 | €1.21 Billion ≈ $1.42 Billion |
+17.54% |
| 2009-06-30 | €1.03 Billion ≈ $1.21 Billion |
-20.59% |
| 2008-06-30 | €1.30 Billion ≈ $1.52 Billion |
+4.74% |
| 2007-06-30 | €1.24 Billion ≈ $1.45 Billion |
+19.70% |
| 2006-06-30 | €1.04 Billion ≈ $1.21 Billion |
+25.30% |
| 2005-06-30 | €828.14 Million ≈ $968.19 Million |
+17.06% |
| 2004-06-30 | €707.42 Million ≈ $827.05 Million |
+7.31% |
| 2003-06-30 | €659.22 Million ≈ $770.70 Million |
+4.43% |
| 2002-06-30 | €631.28 Million ≈ $738.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Eurocommercial Properties N.V.'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 357.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €176.82 Million | 8.48% |
| Common Stock | €545.79 Million | 26.17% |
| Other Comprehensive Income | €1.11 Billion | 53.20% |
| Other Components | €253.44 Million | 12.15% |
| Total Equity | €2.09 Billion | 100.00% |
Eurocommercial Properties N.V. Competitors by Market Cap
The table below lists competitors of Eurocommercial Properties N.V. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saurer Intelligent Technology Co Ltd Class A
SHG:600545
|
$1.44 Billion |
|
Scientex Bhd
KLSE:4731
|
$1.44 Billion |
|
Guangdong Shenglu Telecommunication Tech Co Ltd
SHE:002446
|
$1.44 Billion |
|
Companhiade Eletricidade do Estado da Bahia - COELBA
SA:CEEB3
|
$1.44 Billion |
|
ERAMET EO 305 ADR 1/10
F:ER70
|
$1.44 Billion |
|
FAP Agri Tbk PT
JK:FAPA
|
$1.44 Billion |
|
Res Robex Inc
V:RBX
|
$1.44 Billion |
|
Boai NKY Pharmaceuticals Ltd
SHE:300109
|
$1.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eurocommercial Properties N.V.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,007,180,000 to 2,085,606,000, a change of 78,426,000 (3.9%).
- Net income of 176,825,000 contributed positively to equity growth.
- Dividend payments of 71,035,000 reduced retained earnings.
- Share repurchases of 15,981,000 reduced equity.
- Other comprehensive income decreased equity by 126,563,000.
- Other factors increased equity by 115,180,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €176.82 Million | +8.48% |
| Dividends Paid | €71.03 Million | -3.41% |
| Share Repurchases | €15.98 Million | -0.77% |
| Other Comprehensive Income | €-126.56 Million | -6.07% |
| Other Changes | €115.18 Million | +5.52% |
| Total Change | €- | 3.91% |
Book Value vs Market Value Analysis
This analysis compares Eurocommercial Properties N.V.'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: 0.71x
- 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 2.27x to 0.71x 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 | €12.06 | €27.35 | x |
| 2003-06-30 | €22.23 | €27.35 | x |
| 2004-06-30 | €22.86 | €27.35 | x |
| 2005-06-30 | €25.49 | €27.35 | x |
| 2006-06-30 | €28.73 | €27.35 | x |
| 2007-06-30 | €34.09 | €27.35 | x |
| 2008-06-30 | €35.21 | €27.35 | x |
| 2009-06-30 | €27.82 | €27.35 | x |
| 2010-06-30 | €30.43 | €27.35 | x |
| 2011-06-30 | €32.29 | €27.35 | x |
| 2012-06-30 | €30.25 | €27.35 | x |
| 2013-06-30 | €31.41 | €27.35 | x |
| 2014-06-30 | €31.30 | €27.35 | x |
| 2015-06-30 | €37.43 | €27.35 | x |
| 2016-06-30 | €36.75 | €27.35 | x |
| 2017-06-30 | €39.95 | €27.35 | x |
| 2018-06-30 | €38.73 | €27.35 | x |
| 2019-06-30 | €3.57 | €27.35 | x |
| 2021-06-30 | €3.56 | €27.35 | x |
| 2022-06-30 | €37.04 | €27.35 | x |
| 2023-06-30 | €38.65 | €27.35 | x |
| 2024-06-30 | €37.83 | €27.35 | x |
| 2025-06-30 | €38.78 | €27.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eurocommercial Properties N.V. 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): 8.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 65.06%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.88x
- Recent ROE (8.48%) is above the historical average (7.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.80% | 55.02% | 0.05x | 1.93x | €-26.50 Million |
| 2003 | 6.27% | 61.46% | 0.05x | 1.90x | €-24.58 Million |
| 2004 | 6.34% | 48.13% | 0.07x | 2.00x | €-25.87 Million |
| 2005 | 13.76% | 105.04% | 0.07x | 1.93x | €31.14 Million |
| 2006 | 22.54% | 202.69% | 0.06x | 1.82x | €130.16 Million |
| 2007 | 20.89% | 203.32% | 0.06x | 1.83x | €135.26 Million |
| 2008 | 8.48% | 74.73% | 0.06x | 1.94x | €-19.81 Million |
| 2009 | -17.49% | -116.33% | 0.07x | 2.10x | €-284.01 Million |
| 2010 | 7.72% | 57.48% | 0.07x | 2.06x | €-27.69 Million |
| 2011 | 14.69% | 112.05% | 0.07x | 1.95x | €64.26 Million |
| 2012 | -0.93% | -6.36% | 0.07x | 2.19x | €-142.13 Million |
| 2013 | 9.00% | 61.15% | 0.07x | 2.11x | €-13.69 Million |
| 2014 | 7.20% | 49.58% | 0.07x | 2.02x | €-38.87 Million |
| 2015 | 10.12% | 84.62% | 0.06x | 1.88x | €1.95 Million |
| 2016 | 11.58% | 100.70% | 0.06x | 1.98x | €28.23 Million |
| 2017 | 13.21% | 122.71% | 0.06x | 1.95x | €63.38 Million |
| 2018 | 3.72% | 31.98% | 0.06x | 2.09x | €-121.91 Million |
| 2019 | 3.91% | 31.84% | 0.06x | 2.21x | €-116.07 Million |
| 2021 | 2.67% | 21.49% | 0.06x | 2.17x | €-138.28 Million |
| 2022 | 5.35% | 44.03% | 0.06x | 2.06x | €-91.08 Million |
| 2023 | 9.82% | 82.93% | 0.06x | 1.93x | €-3.65 Million |
| 2024 | -1.34% | -10.27% | 0.07x | 1.91x | €-227.59 Million |
| 2025 | 8.48% | 65.06% | 0.07x | 1.88x | €-31.74 Million |
Industry Comparison
This section compares Eurocommercial Properties N.V.'s net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $1,499,751,000
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eurocommercial Properties N.V. (ECMPA) | €2.10 Billion | 5.80% | 0.90x | $1.44 Billion |
| Wereldhave NV (WHA) | $1.50 Billion | 2.63% | 0.55x | $996.10 Million |
About Eurocommercial Properties N.V.
Eurocommercial Properties N.V. is a Euronext-quoted property investment company and one of Europe's shopping centre specialists. Founded in 1991, Eurocommercial currently owns and operates 24 shopping centres in Belgium, France, Italy, and Sweden with total assets of "4 billion.