CINCINNATI FINANCL
CINCINNATI FINANCL operates in Diversified Metals & Mining.
CINCINNATI FINANCL (CCJ) - Net Assets
Latest net assets as of September 2024: €13.80 Billion EUR
Based on the latest financial reports, CINCINNATI FINANCL (CCJ) has net assets worth €13.80 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€37.01 Billion) and total liabilities (€23.20 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.80 Billion |
| % of Total Assets | 37.3% |
| Annual Growth Rate | 8.0% |
| 5-Year Change | 22.65% |
| 10-Year Change | N/A |
| Growth Volatility | 14.81 |
CINCINNATI FINANCL - Net Assets Trend (2016–2023)
This chart illustrates how CINCINNATI FINANCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CINCINNATI FINANCL (2016–2023)
The table below shows the annual net assets of CINCINNATI FINANCL from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €12.10 Billion | +14.54% |
| 2022-12-31 | €10.56 Billion | -19.40% |
| 2021-12-31 | €13.11 Billion | +21.47% |
| 2020-12-31 | €10.79 Billion | +9.38% |
| 2019-12-31 | €9.86 Billion | +25.93% |
| 2018-12-31 | €7.83 Billion | -4.97% |
| 2017-12-31 | €8.24 Billion | +16.76% |
| 2016-12-31 | €7.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CINCINNATI FINANCL'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 159.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €13.08 Billion | 108.15% |
| Total Equity | €12.10 Billion | 100.00% |
CINCINNATI FINANCL Competitors by Market Cap
The table below lists competitors of CINCINNATI FINANCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brownie's Marine Group Inc
PINK:BWMG
|
$1.31 Million |
|
Advance Information Marketing Bhd
KLSE:0122
|
$1.32 Million |
|
Juggernaut Exploration Ltd
PINK:JUGRF
|
$1.32 Million |
|
ANOTO GROUP SK-60
F:XTL1
|
$1.32 Million |
|
NV Gold Corporation
OTCQB:NVGLF
|
$1.31 Million |
|
Krida Jaringan Nusantara Tbk PT
JK:KJEN
|
$1.31 Million |
|
Halo Technologies Holdings Ltd
AU:HAL
|
$1.31 Million |
|
Canadian Palladium Resources Inc
PINK:DCNNF
|
$1.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CINCINNATI FINANCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,562,000,000 to 12,098,000,000, a change of 1,536,000,000 (14.5%).
- Net income of 1,843,000,000 contributed positively to equity growth.
- Dividend payments of 454,000,000 reduced retained earnings.
- Share repurchases of 67,000,000 reduced equity.
- Other factors increased equity by 214,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.84 Billion | +15.23% |
| Dividends Paid | €454.00 Million | -3.75% |
| Share Repurchases | €67.00 Million | -0.55% |
| Other Changes | €214.00 Million | +1.77% |
| Total Change | €- | 14.54% |
Book Value vs Market Value Analysis
This analysis compares CINCINNATI FINANCL'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: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.78x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €50.29 | €139.65 | x |
| 2018-12-31 | €48.11 | €139.65 | x |
| 2019-12-31 | €60.55 | €139.65 | x |
| 2020-12-31 | €67.05 | €139.65 | x |
| 2021-12-31 | €81.75 | €139.65 | x |
| 2022-12-31 | €67.23 | €139.65 | x |
| 2023-12-31 | €77.06 | €139.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CINCINNATI FINANCL 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): 15.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.41%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.71x
- Recent ROE (15.23%) is above the historical average (11.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.37% | 10.85% | 0.27x | 2.89x | €-115.00 Million |
| 2017 | 12.68% | 18.23% | 0.26x | 2.65x | €220.70 Million |
| 2018 | 3.66% | 5.31% | 0.25x | 2.80x | €-496.30 Million |
| 2019 | 20.25% | 25.20% | 0.31x | 2.58x | €1.01 Billion |
| 2020 | 11.27% | 16.14% | 0.27x | 2.55x | €137.10 Million |
| 2021 | 22.65% | 30.83% | 0.31x | 2.40x | €1.66 Billion |
| 2022 | -4.61% | -7.42% | 0.22x | 2.81x | €-1.54 Billion |
| 2023 | 15.23% | 18.41% | 0.31x | 2.71x | €633.20 Million |
Industry Comparison
This section compares CINCINNATI FINANCL's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CINCINNATI FINANCL (CCJ) | €13.80 Billion | 8.37% | 1.68x | $1.31 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |