IRSA Propiedades Comerciales S.A (IRCP) - Net Assets
Based on the latest financial reports, IRSA Propiedades Comerciales S.A (IRCP) has net assets worth AR$83.45 Billion ARS (≈ $60.39 Million USD) as of September 2021. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$186.76 Billion ≈ $135.14 Million USD) and total liabilities (AR$103.30 Billion ≈ $74.75 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. Check IRSA Propiedades Comerciales S.A liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AR$83.45 Billion |
| % of Total Assets | 44.69% |
| Annual Growth Rate | 115.69% |
| 5-Year Change | 238.95% |
| 10-Year Change | N/A |
| Growth Volatility | 495.52 |
IRSA Propiedades Comerciales S.A - Net Assets Trend (2016–2021)
This chart illustrates how IRSA Propiedades Comerciales S.A's net assets have evolved over time, based on quarterly financial data. Also explore IRSA Propiedades Comerciales S.A asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for IRSA Propiedades Comerciales S.A (2016–2021)
The table below shows the annual net assets of IRSA Propiedades Comerciales S.A from 2016 to 2021. For live valuation and market cap data, see IRSA Propiedades Comerciales S.A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2021-06-30 | AR$78.01 Billion ≈ $56.45 Million |
+3.23% |
| 2020-06-30 | AR$75.57 Billion ≈ $54.69 Million |
+86.08% |
| 2019-06-30 | AR$40.61 Billion ≈ $29.39 Million |
+6.98% |
| 2018-06-30 | AR$37.96 Billion ≈ $27.47 Million |
+64.94% |
| 2017-06-30 | AR$23.02 Billion ≈ $16.65 Million |
+1276.48% |
| 2016-06-30 | AR$1.67 Billion ≈ $1.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IRSA Propiedades Comerciales S.A'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 decreased by 199.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AR$54.12 Billion | 74.69% |
| Other Components | AR$37.27 Billion | 51.43% |
| Total Equity | AR$72.46 Billion | 100.00% |
IRSA Propiedades Comerciales S.A Competitors by Market Cap
The table below lists competitors of IRSA Propiedades Comerciales S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IFirma SA
WAR:IFI
|
$50.55 Million |
|
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd
SHE:200530
|
$50.56 Million |
|
Poh Huat Resources Holdings
KLSE:7088
|
$50.56 Million |
|
Klotho Neurosciences, Inc.
NASDAQ:KLTO
|
$50.59 Million |
|
Cufe Ltd
AU:CUF
|
$50.47 Million |
|
Kleannara
KO:004540
|
$50.45 Million |
|
Ewein Bhd
KLSE:7249
|
$50.44 Million |
|
Guandian Defense Technology Co. Ltd. A
SHG:688287
|
$50.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRSA Propiedades Comerciales S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 71,484,679,000 to 72,464,000,000, a change of 979,321,000 (1.4%).
- Net loss of 21,933,000,000 reduced equity.
- Dividend payments of 2,587,000,000 reduced retained earnings.
- Other factors increased equity by 25,499,321,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$-21.93 Billion | -30.27% |
| Dividends Paid | AR$2.59 Billion | -3.57% |
| Other Changes | AR$25.50 Billion | +35.19% |
| Total Change | AR$- | 1.37% |
Book Value vs Market Value Analysis
This analysis compares IRSA Propiedades Comerciales S.A'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: 0.96x
- 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 increased from 0.73x to 0.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AR$175.73 | AR$128.90 | x |
| 2018-06-30 | AR$290.17 | AR$128.90 | x |
| 2019-06-30 | AR$305.01 | AR$128.90 | x |
| 2020-06-30 | AR$567.28 | AR$128.90 | x |
| 2021-06-30 | AR$133.89 | AR$128.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IRSA Propiedades Comerciales S.A 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): -30.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -199.34%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.45x
- Recent ROE (-30.27%) is below the historical average (9.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 54.76% | 21.16% | 0.41x | 6.24x | AR$667.46 Million |
| 2017 | 14.72% | 65.25% | 0.12x | 1.92x | AR$1.05 Billion |
| 2018 | 41.30% | 253.81% | 0.09x | 1.85x | AR$11.44 Billion |
| 2019 | -46.92% | -177.30% | 0.13x | 2.11x | AR$-21.88 Billion |
| 2020 | 23.91% | 146.41% | 0.08x | 2.02x | AR$9.94 Billion |
| 2021 | -30.27% | -199.34% | 0.06x | 2.45x | AR$-29.18 Billion |
Industry Comparison
This section compares IRSA Propiedades Comerciales S.A's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IRSA Propiedades Comerciales S.A (IRCP) | AR$83.45 Billion | 54.76% | 1.24x | $50.48 Million |
| United States Steel Corp (X) | $4.20 Billion | 26.53% | 1.61x | $1.18 Billion |
About IRSA Propiedades Comerciales S.A
IRSA Propiedades Comerciales S.A. operates as an investment arm of IRSA Inversiones y Representaciones S.A. Alto Palermo S.A. engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square mete… Read more