TECHNE CORP
TECHNE CORP operates in Diversified Metals & Mining.
TECHNE CORP (TE1) - Net Assets
Latest net assets as of June 2024: €2.07 Billion EUR
Based on the latest financial reports, TECHNE CORP (TE1) has net assets worth €2.07 Billion EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.70 Billion) and total liabilities (€635.02 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 | €2.07 Billion |
| % of Total Assets | 76.51% |
| Annual Growth Rate | 11.29% |
| 5-Year Change | 49.79% |
| 10-Year Change | N/A |
| Growth Volatility | 4.33 |
TECHNE CORP - Net Assets Trend (2016–2024)
This chart illustrates how TECHNE CORP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TECHNE CORP (2016–2024)
The table below shows the annual net assets of TECHNE CORP from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €2.07 Billion | +5.20% |
| 2023-06-30 | €1.97 Billion | +15.61% |
| 2022-06-30 | €1.70 Billion | +8.26% |
| 2021-06-30 | €1.57 Billion | +13.76% |
| 2020-06-30 | €1.38 Billion | +18.50% |
| 2019-06-30 | €1.17 Billion | +8.02% |
| 2018-06-30 | €1.08 Billion | +13.63% |
| 2017-06-30 | €949.63 Million | +8.00% |
| 2016-06-30 | €879.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TECHNE CORP'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 72.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.33 Billion | 64.06% |
| Other Components | €743.60 Million | 35.94% |
| Total Equity | €2.07 Billion | 100.00% |
TECHNE CORP Competitors by Market Cap
The table below lists competitors of TECHNE CORP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WILH. WILH HOLD -A-
BE:WML1
|
$502.56K |
|
FREEPORT MCMORAN (FPMB.SG)
STU:FPMB
|
$502.67K |
|
NO GRAVITY GAMES ZY -10
F:8YX
|
$502.85K |
|
Horizonte Minerals Plc
PINK:HZMMF
|
$503.14K |
|
ESSO (EH8.SG)
STU:EH8
|
$502.02K |
|
ABSA Bank Limited
JSE:ABSP
|
$501.80K |
|
InnoCan Pharma Corporation
OTCQB:INNPF
|
$501.28K |
|
Sentoria Group Bhd
KLSE:5213
|
$501.00K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TECHNE CORP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,966,516,000 to 2,068,850,000, a change of 102,334,000 (5.2%).
- Net income of 168,105,000 contributed positively to equity growth.
- Dividend payments of 50,419,000 reduced retained earnings.
- Share repurchases of 80,042,000 reduced equity.
- Other factors increased equity by 64,690,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €168.10 Million | +8.13% |
| Dividends Paid | €50.42 Million | -2.44% |
| Share Repurchases | €80.04 Million | -3.87% |
| Other Changes | €64.69 Million | +3.13% |
| Total Change | €- | 5.20% |
Book Value vs Market Value Analysis
This analysis compares TECHNE CORP'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: 3.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.96x to 3.81x 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 | €25.42 | €49.80 | x |
| 2018-06-30 | €28.69 | €49.80 | x |
| 2019-06-30 | €30.73 | €49.80 | x |
| 2020-06-30 | €35.92 | €49.80 | x |
| 2021-06-30 | €10.03 | €49.80 | x |
| 2022-06-30 | €10.86 | €49.80 | x |
| 2023-06-30 | €12.47 | €49.80 | x |
| 2024-06-30 | €13.08 | €49.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TECHNE CORP 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): 8.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.50%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.31x
- Recent ROE (8.13%) is below the historical average (11.56%), 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 | 11.88% | 20.94% | 0.44x | 1.28x | €16.55 Million |
| 2017 | 8.01% | 13.51% | 0.36x | 1.64x | €-18.88 Million |
| 2018 | 11.69% | 19.62% | 0.40x | 1.48x | €18.24 Million |
| 2019 | 8.24% | 13.46% | 0.38x | 1.62x | €-20.49 Million |
| 2020 | 16.60% | 31.04% | 0.36x | 1.47x | €91.18 Million |
| 2021 | 8.98% | 15.08% | 0.41x | 1.45x | €-15.89 Million |
| 2022 | 15.99% | 24.61% | 0.48x | 1.35x | €101.87 Million |
| 2023 | 14.51% | 25.10% | 0.43x | 1.34x | €88.61 Million |
| 2024 | 8.13% | 14.50% | 0.43x | 1.31x | €-38.78 Million |
Industry Comparison
This section compares TECHNE CORP's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $107,279,526,363
- Average return on equity (ROE) among peers: 7.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TECHNE CORP (TE1) | €2.07 Billion | 11.88% | 0.31x | $502.24K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $973.51K |
| Tokyu Corporation (01T) | $747.05 Billion | 9.38% | 2.03x | $93.98K |
| GUANGZHOU AUTO -H- (02G) | $77.92 Billion | 13.99% | 0.70x | $4.23K |
| MOSAIC (02M) | $9.37 Billion | -11.39% | 1.06x | $267.55K |
| MOSAIC (02M.SG) (02M) | $10.72 Billion | 9.59% | 0.71x | $264.31K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $22.74 Million | -14.04% | 3.68x | $1.51 Million |
| KRAKATAU STEEL -B- (07K) | $587.19 Million | 7.57% | 5.43x | $166.88 |
| CN MODERN DAIRY (07M.SG) (07M) | $8.04 Billion | 9.58% | 0.94x | $1.66K |
| TOURMALINE OIL (08T) | $13.69 Billion | 32.78% | 0.38x | $376.57K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $343.89 |