Dromeas SA Net Assets
Dromeas SA net assets. Based on the latest financial reports, Dromeas SA (DROME) has net assets worth €28.85 Million EUR (≈ $33.73 Million USD) as of December 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€66.29 Million ≈ $77.50 Million USD) and total liabilities (€37.44 Million ≈ $43.77 Million 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. See DROME equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €28.85 Million |
| % of Total Assets | 43.52% |
| Annual Growth Rate | -0.09% |
| 5-Year Change | 11.39% |
| 10-Year Change | N/A |
| Growth Volatility | 3.49 |
Net Assets of Dromeas SA (2014–2022)
Net assets of Dromeas SA from 2014 to 2022. This chart illustrates how Dromeas SA's net assets have evolved over time, based on quarterly financial data. Also explore Dromeas SA equity growth rate to track the company's year-over-year net asset growth rate.
Annual Net Assets for Dromeas SA (2014–2022)
The table below shows the annual net assets of Dromeas SA from 2014 to 2022. For live market cap and overall valuation, see DROME stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €28.85 Million ≈ $33.73 Million |
+3.15% |
| 2021-12-31 | €27.97 Million ≈ $32.70 Million |
+3.29% |
| 2020-12-31 | €27.08 Million ≈ $31.66 Million |
+2.84% |
| 2019-12-31 | €26.33 Million ≈ $30.78 Million |
+1.66% |
| 2018-12-31 | €25.90 Million ≈ $30.28 Million |
+0.37% |
| 2017-12-31 | €25.81 Million ≈ $30.17 Million |
-3.30% |
| 2016-12-31 | €26.69 Million ≈ $31.20 Million |
-0.88% |
| 2015-12-31 | €26.93 Million ≈ $31.48 Million |
-7.37% |
| 2014-12-31 | €29.07 Million ≈ $33.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dromeas SA'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 173635800.0% over the analyzed period, indicating profitable operations and earnings retention.
Dromeas SA Net Assets Breakdown (December 2022)
Dromeas SA net assets breakdown by equity component as of December 2022.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €10.76 Million | 37.31% |
| Other Components | €19.20 Million | 66.56% |
| Total Equity | €28.85 Million | 100.00% |
Dromeas SA Competitors by Market Cap
The table below lists competitors of Dromeas SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUGA GROUP AB EO 029
F:W9Z
|
$11.22 Million |
|
CVS Group Plc
LSE:CVSG
|
$11.22 Million |
|
InnSuites Hospitality Trust
NYSE MKT:IHT
|
$11.23 Million |
|
Sirona Biochem Corp
V:SBM
|
$11.23 Million |
|
Star Diamond Corp
TO:DIAM
|
$11.20 Million |
|
OYAK Yatirim Ortakligi AS
IS:OYAYO
|
$11.19 Million |
|
BSA Ltd
AU:BSA
|
$11.19 Million |
|
Admiralty Resources NL
AU:ADY
|
$11.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dromeas SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 27,969,110 to 28,851,210, a change of 882,100 (3.2%).
- Net income of 798,600 contributed positively to equity growth.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €798.60K | +2.77% |
| Other Changes | €83.50K | +0.29% |
| Total Change | €- | 3.15% |
Book Value vs Market Value Analysis
This analysis compares Dromeas SA'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: 0.36x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | €0.78 | €0.30 | x |
| 2021-12-31 | €0.81 | €0.30 | x |
| 2022-12-31 | €0.83 | €0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dromeas SA 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): 2.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.08%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.30x
- Recent ROE (2.77%) is above the historical average (-0.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -6.60% | -20.43% | 0.15x | 2.17x | €-4.80 Million |
| 2015 | -8.06% | -23.85% | 0.15x | 2.31x | €-4.83 Million |
| 2016 | -0.30% | -0.57% | 0.22x | 2.34x | €-2.75 Million |
| 2017 | -3.45% | -8.13% | 0.18x | 2.42x | €-3.47 Million |
| 2018 | 0.33% | 0.51% | 0.28x | 2.32x | €-2.50 Million |
| 2019 | 1.57% | 2.34% | 0.28x | 2.36x | €-2.22 Million |
| 2020 | 2.77% | 3.57% | 0.32x | 2.42x | €-1.96 Million |
| 2021 | 3.73% | 4.72% | 0.34x | 2.32x | €-1.75 Million |
| 2022 | 2.77% | 3.08% | 0.39x | 2.30x | €-2.09 Million |
Industry Comparison
This section compares Dromeas SA's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $19,434,596
- Average return on equity (ROE) among peers: 6.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dromeas SA (DROME) | €28.85 Million | -6.60% | 1.30x | $11.21 Million |
| N. Varveris-Moda Bagno S.A (MODA) | $25.62 Million | 13.76% | 0.92x | $107.22 Million |
| Vogiatzoglou Systems S.A (VOSYS) | $13.25 Million | -0.15% | 0.49x | $12.90 Million |
About Dromeas SA
Dromeas SA produces and sells office furniture, partition walls, filing systems, and custom-made furniture solutions. It offers office chairs and desk seating products, including conference, executive, working, and visitor chairs; and public and auditorium seating products. The company also provides desk and workstations, such as home office products, conference and meeting tables, executive and … Read more