Ascencio (D)
Ascencio SA is a company incorporated under Belgian law, specializing in real estate investment commercial, and more particularly supermarkets and retail parks. The Company is present in Belgium, France and Spain, respectively under the statuses of SIR, SIIC and SOCIMI. With its multidisciplinary team, it manages its assets and its relationships with its retail tenants by adopting a responsible a… Read more
Ascencio (D) (ASCE) - Net Assets
Latest net assets as of September 2025: €450.19 Million EUR
Based on the latest financial reports, Ascencio (D) (ASCE) has net assets worth €450.19 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€773.58 Million) and total liabilities (€323.38 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 | €450.19 Million |
| % of Total Assets | 58.2% |
| Annual Growth Rate | 6.23% |
| 5-Year Change | 21.56% |
| 10-Year Change | 41.56% |
| Growth Volatility | 11.35 |
Ascencio (D) - Net Assets Trend (2007–2025)
This chart illustrates how Ascencio (D)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ascencio (D) (2007–2025)
The table below shows the annual net assets of Ascencio (D) from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | €450.19 Million | +1.64% |
| 2024-09-30 | €442.92 Million | -0.41% |
| 2023-09-30 | €444.76 Million | +1.77% |
| 2022-09-30 | €437.01 Million | +18.00% |
| 2021-09-30 | €370.35 Million | +6.08% |
| 2020-09-30 | €349.13 Million | -3.85% |
| 2019-09-30 | €363.12 Million | -0.25% |
| 2018-09-30 | €364.02 Million | +5.12% |
| 2017-09-30 | €346.28 Million | +8.88% |
| 2016-09-30 | €318.03 Million | +10.57% |
| 2015-09-30 | €287.62 Million | +4.92% |
| 2014-09-30 | €274.14 Million | +40.15% |
| 2013-09-30 | €195.61 Million | +4.11% |
| 2012-09-30 | €187.89 Million | -0.81% |
| 2011-09-30 | €189.41 Million | +29.64% |
| 2010-09-30 | €146.11 Million | -0.57% |
| 2009-09-30 | €146.95 Million | -3.84% |
| 2008-09-30 | €152.82 Million | +0.83% |
| 2007-09-30 | €151.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ascencio (D)'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 198.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €35.64 Million | 7.92% |
| Common Stock | €38.66 Million | 8.59% |
| Other Components | €375.90 Million | 83.50% |
| Total Equity | €450.19 Million | 100.00% |
Ascencio (D) Competitors by Market Cap
The table below lists competitors of Ascencio (D) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BTS Group AB (publ)
OTCGREY:BGPBF
|
$296.77 Million |
|
Cosmoam&T
KO:005070
|
$296.89 Million |
|
Gemini Space Station, Inc. Class A Common Stock
NASDAQ:GEMI
|
$296.90 Million |
|
Site Centers Corp
NYSE:SITC
|
$297.09 Million |
|
SG Fleet Group Ltd
AU:SGF
|
$296.64 Million |
|
Sungwoo Hitech Co. Ltd
KQ:015750
|
$296.62 Million |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
$296.54 Million |
|
Natures Sunshine Products Inc
NASDAQ:NATR
|
$296.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ascencio (D)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 442,921,000 to 450,195,000, a change of 7,274,000 (1.6%).
- Net income of 35,637,000 contributed positively to equity growth.
- Dividend payments of 28,363,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €35.64 Million | +7.92% |
| Dividends Paid | €28.36 Million | -6.3% |
| Total Change | €- | 1.64% |
Book Value vs Market Value Analysis
This analysis compares Ascencio (D)'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: 0.74x
- 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 decreased from 1.11x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-09-30 | €45.74 | €50.80 | x |
| 2008-09-30 | €46.12 | €50.80 | x |
| 2009-09-30 | €44.35 | €50.80 | x |
| 2010-09-30 | €44.10 | €50.80 | x |
| 2011-09-30 | €43.21 | €50.80 | x |
| 2012-09-30 | €42.86 | €50.80 | x |
| 2013-09-30 | €44.06 | €50.80 | x |
| 2014-09-30 | €53.42 | €50.80 | x |
| 2015-09-30 | €46.52 | €50.80 | x |
| 2016-09-30 | €49.97 | €50.80 | x |
| 2017-09-30 | €53.29 | €50.80 | x |
| 2018-09-30 | €55.19 | €50.80 | x |
| 2019-09-30 | €55.05 | €50.80 | x |
| 2020-09-30 | €52.93 | €50.80 | x |
| 2021-09-30 | €56.15 | €50.80 | x |
| 2022-09-30 | €66.25 | €50.80 | x |
| 2023-09-30 | €67.43 | €50.80 | x |
| 2024-09-30 | €67.15 | €50.80 | x |
| 2025-09-30 | €68.25 | €50.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ascencio (D) 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): 7.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.14%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.72x
- Recent ROE (7.92%) is above the historical average (7.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 7.87% | 86.90% | 0.06x | 1.45x | €-3.23 Million |
| 2008 | 5.49% | 48.58% | 0.07x | 1.73x | €-6.90 Million |
| 2009 | 1.95% | 15.53% | 0.07x | 1.83x | €-11.83 Million |
| 2010 | 4.91% | 38.23% | 0.07x | 1.96x | €-7.44 Million |
| 2011 | 6.60% | 59.15% | 0.06x | 1.82x | €-6.43 Million |
| 2012 | 5.36% | 35.13% | 0.08x | 1.96x | €-8.72 Million |
| 2013 | 8.39% | 53.91% | 0.08x | 1.95x | €-3.15 Million |
| 2014 | 5.17% | 37.73% | 0.08x | 1.80x | €-13.24 Million |
| 2015 | 7.84% | 54.05% | 0.08x | 1.85x | €-6.22 Million |
| 2016 | 12.65% | 90.22% | 0.08x | 1.83x | €8.43 Million |
| 2017 | 11.90% | 87.75% | 0.08x | 1.81x | €6.57 Million |
| 2018 | 9.35% | 71.62% | 0.08x | 1.73x | €-2.38 Million |
| 2019 | 5.88% | 44.62% | 0.08x | 1.75x | €-14.96 Million |
| 2020 | 2.65% | 17.99% | 0.07x | 2.04x | €-25.67 Million |
| 2021 | 12.33% | 85.80% | 0.07x | 1.97x | €8.62 Million |
| 2022 | 20.74% | 164.21% | 0.07x | 1.79x | €46.95 Million |
| 2023 | 7.60% | 56.21% | 0.08x | 1.77x | €-10.67 Million |
| 2024 | 5.76% | 41.48% | 0.08x | 1.76x | €-18.78 Million |
| 2025 | 7.92% | 57.14% | 0.08x | 1.72x | €-9.38 Million |
Industry Comparison
This section compares Ascencio (D)'s net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $253,548,000
- Average return on equity (ROE) among peers: 8.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ascencio (D) (ASCE) | €450.19 Million | 7.87% | 0.72x | $296.65 Million |
| QRF SCA (QRF) | $125.38 Million | 10.05% | 1.15x | $41.97 Million |
| Retail Estates - Sicafi (RET) | $147.09 Million | 15.65% | 0.80x | $982.80 Million |
| Vastned Retail Belgium (VASTB) | $122.44 Million | 0.00% | 0.47x | $212.59 Million |
| Wereldhav B-Sicafi (WEHB) | $619.28 Million | 8.83% | 0.43x | $304.03 Million |