TIMKEN
TIMKEN operates in Diversified Metals & Mining.
TIMKEN (TKH) - Net Assets
Latest net assets as of September 2024: €3.09 Billion EUR
Based on the latest financial reports, TIMKEN (TKH) has net assets worth €3.09 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 (€6.77 Billion) and total liabilities (€3.68 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 | €3.09 Billion |
| % of Total Assets | 45.67% |
| Annual Growth Rate | 10.95% |
| 5-Year Change | 38.24% |
| 10-Year Change | N/A |
| Growth Volatility | 6.01 |
TIMKEN - Net Assets Trend (2016–2023)
This chart illustrates how TIMKEN's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TIMKEN (2016–2023)
The table below shows the annual net assets of TIMKEN from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €2.70 Billion | +14.85% |
| 2022-12-31 | €2.35 Billion | -1.04% |
| 2021-12-31 | €2.38 Billion | +6.85% |
| 2020-12-31 | €2.23 Billion | +13.83% |
| 2019-12-31 | €1.95 Billion | +19.00% |
| 2018-12-31 | €1.64 Billion | +11.38% |
| 2017-12-31 | €1.47 Billion | +12.93% |
| 2016-12-31 | €1.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TIMKEN'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 46.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.23 Billion | 86.44% |
| Other Components | €350.20 Million | 13.56% |
| Total Equity | €2.58 Billion | 100.00% |
TIMKEN Competitors by Market Cap
The table below lists competitors of TIMKEN ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Core Assets Corp
OTCQB:CCOOF
|
$741.32K |
|
Ankit Metal & Power Limited
NSE:ANKITMETAL
|
$741.37K |
|
BTV (ZTY.SG)
STU:ZTY
|
$742.04K |
|
Uniinfo Telecom Services Limited
NSE:UNIINFO
|
$742.56K |
|
Signet International Holdings Inc
PINK:AQPW
|
$740.86K |
|
Osteopore Ltd
AU:OSX
|
$740.73K |
|
Yubo International Biotech Limited
PINK:YBGJ
|
$740.35K |
|
VONTOBEL HLDG N
MU:VTLN
|
$739.77K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TIMKEN's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,268,300,000 to 2,582,400,000, a change of 314,100,000 (13.8%).
- Net income of 394,100,000 contributed positively to equity growth.
- Dividend payments of 94,000,000 reduced retained earnings.
- Share repurchases of 250,900,000 reduced equity.
- New share issuances of 284,800,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €394.10 Million | +15.26% |
| Dividends Paid | €94.00 Million | -3.64% |
| Share Repurchases | €250.90 Million | -9.72% |
| Share Issuances | €284.80 Million | +11.03% |
| Other Changes | €-19.90 Million | -0.77% |
| Total Change | €- | 13.85% |
Book Value vs Market Value Analysis
This analysis compares TIMKEN'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: 1.98x
- 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 3.93x to 1.98x 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 | €18.57 | €73.00 | x |
| 2018-12-31 | €20.80 | €73.00 | x |
| 2019-12-31 | €24.73 | €73.00 | x |
| 2020-12-31 | €28.45 | €73.00 | x |
| 2021-12-31 | €30.45 | €73.00 | x |
| 2022-12-31 | €31.25 | €73.00 | x |
| 2023-12-31 | €36.82 | €73.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TIMKEN 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): 15.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.26%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.53x
- Recent ROE (15.26%) is below the historical average (15.89%), 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 | 11.97% | 5.72% | 0.97x | 2.16x | €25.11 Million |
| 2017 | 14.10% | 6.77% | 0.88x | 2.36x | €59.13 Million |
| 2018 | 19.17% | 8.46% | 0.81x | 2.81x | €144.84 Million |
| 2019 | 19.38% | 9.55% | 0.78x | 2.60x | €175.28 Million |
| 2020 | 13.21% | 8.10% | 0.70x | 2.34x | €69.21 Million |
| 2021 | 16.08% | 8.93% | 0.80x | 2.25x | €139.61 Million |
| 2022 | 17.96% | 9.06% | 0.78x | 2.54x | €180.57 Million |
| 2023 | 15.26% | 8.26% | 0.73x | 2.53x | €135.86 Million |
Industry Comparison
This section compares TIMKEN'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 |
|---|---|---|---|---|
| TIMKEN (TKH) | €3.09 Billion | 11.97% | 1.19x | $740.93K |
| 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 |