MEARS GROUP
MEARS GROUP operates in Diversified Metals & Mining.
MEARS GROUP (MM7) - Net Assets
Latest net assets as of December 2023: €200.46 Million EUR
Based on the latest financial reports, MEARS GROUP (MM7) has net assets worth €200.46 Million EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€700.01 Million) and total liabilities (€499.55 Million). 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 | €200.46 Million |
| % of Total Assets | 28.64% |
| Annual Growth Rate | 0.13% |
| 5-Year Change | 68.46% |
| 10-Year Change | N/A |
| Growth Volatility | 23.06 |
MEARS GROUP - Net Assets Trend (2016–2023)
This chart illustrates how MEARS GROUP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MEARS GROUP (2016–2023)
The table below shows the annual net assets of MEARS GROUP from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €200.46 Million | -6.25% |
| 2022-12-31 | €213.82 Million | +6.36% |
| 2021-12-31 | €201.04 Million | +28.83% |
| 2020-12-31 | €156.05 Million | +31.14% |
| 2019-12-31 | €118.99 Million | -43.41% |
| 2018-12-31 | €210.28 Million | +0.33% |
| 2017-12-31 | €209.59 Million | +5.49% |
| 2016-12-31 | €198.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MEARS GROUP'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 104.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €189.43 Million | 95.91% |
| Other Components | €8.08 Million | 4.09% |
| Total Equity | €197.51 Million | 100.00% |
MEARS GROUP Competitors by Market Cap
The table below lists competitors of MEARS GROUP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinhan Alpha REIT Co Ltd
KO:293940
|
$39.40K |
|
SAINSBURY
MU:SUY1
|
$39.43K |
|
Fastpasscorp A/S
CO:FASTPC
|
$39.44K |
|
Kelani Cables PLC
CM:KCABN0000
|
$39.44K |
|
BLE KEDROS REIC EO 1
F:N67
|
$39.34K |
|
EFOR CAY SANAYI
IS:EFORC
|
$39.32K |
|
Scotiabank Peru S.A.A.
LIM:SCOTIAC1
|
$39.28K |
|
Sun Pacific Holding Corp
PINK:SNPW
|
$39.26K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MEARS GROUP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 212,333,000 to 197,508,000, a change of -14,825,000 (-7.0%).
- Net income of 35,204,000 contributed positively to equity growth.
- Dividend payments of 11,760,000 reduced retained earnings.
- Share repurchases of 37,887,000 reduced equity.
- New share issuances of 2,557,000 increased equity.
- Other factors decreased equity by 2,939,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €35.20 Million | +17.82% |
| Dividends Paid | €11.76 Million | -5.95% |
| Share Repurchases | €37.89 Million | -19.18% |
| Share Issuances | €2.56 Million | +1.29% |
| Other Changes | €-2.94 Million | -1.49% |
| Total Change | €- | -6.98% |
Book Value vs Market Value Analysis
This analysis compares MEARS GROUP'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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €2.02 | €4.17 | x |
| 2018-12-31 | €1.91 | €4.17 | x |
| 2019-12-31 | €1.08 | €4.17 | x |
| 2020-12-31 | €1.40 | €4.17 | x |
| 2021-12-31 | €1.81 | €4.17 | x |
| 2022-12-31 | €1.91 | €4.17 | x |
| 2023-12-31 | €1.94 | €4.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MEARS GROUP 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): 17.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 3.54x
- Recent ROE (17.82%) is above the historical average (4.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.80% | 2.29% | 1.94x | 2.43x | €1.59 Million |
| 2017 | 3.62% | 0.84% | 1.89x | 2.27x | €-13.37 Million |
| 2018 | 11.42% | 2.77% | 1.66x | 2.49x | €2.99 Million |
| 2019 | -55.75% | -7.34% | 1.19x | 6.38x | €-78.30 Million |
| 2020 | 28.65% | 5.52% | 1.19x | 4.35x | €28.98 Million |
| 2021 | 7.05% | 1.61% | 1.39x | 3.17x | €-5.90 Million |
| 2022 | 13.33% | 2.95% | 1.52x | 2.97x | €7.07 Million |
| 2023 | 17.82% | 3.23% | 1.56x | 3.54x | €15.45 Million |
Industry Comparison
This section compares MEARS GROUP'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 |
|---|---|---|---|---|
| MEARS GROUP (MM7) | €200.46 Million | 10.80% | 2.49x | $39.38K |
| 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 |