IRSA Propiedades Comerciales S.A Net Assets
IRSA Propiedades Comerciales S.A 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. Also explore IRCP net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of IRSA Propiedades Comerciales S.A (2016–2021)
Net assets of IRSA Propiedades Comerciales S.A from 2016 to 2021. This chart illustrates how IRSA Propiedades Comerciales S.A's net assets have evolved over time, based on quarterly financial data. See IRSA Propiedades Comerciales S.A (IRCP) balance sheet quality index to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see market value of IRSA Propiedades Comerciales S.A.
| 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 |
-- |
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.
IRSA Propiedades Comerciales S.A Net Assets Breakdown (June 2021)
IRSA Propiedades Comerciales S.A net assets breakdown by equity component as of 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 |
|---|---|
|
Nordisk Bergteknik AB Series B
ST:NORB-B
|
$50.51 Million |
|
Manuka Resources Ltd
AU:MKR
|
$50.52 Million |
|
Kumho Electric
KO:001210
|
$50.53 Million |
|
Exascale Labs Holdings Inc. Class A Common Stock
NASDAQ:XLAB
|
$50.53 Million |
|
Awanbiru Technology Bhd
KLSE:5204
|
$50.47 Million |
|
De Poan Pneumatic
TWO:1570
|
$50.46 Million |
|
S Chand And Company Limited
NSE:SCHAND
|
$50.46 Million |
|
Cryomax Cooling System Corp
TW:1587
|
$50.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRSA Propiedades Comerciales S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 71,484,679,000 to 72,464,000,000, a change of 979,321,000 (1.4%).
- Net loss of 21,933,000,000 reduced equity.
- Dividend payments of 2,587,000,000 reduced retained earnings.
- Other factors increased equity by 25,499,321,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$-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