KBC Ancora
KBC Ancora SA engages in the maintenance and management of its participating interest in KBC Group SA. The company was formerly known as Almancora SCA and changed its name to KBC Ancora SA in June 2007. KBC Ancora SA was incorporated in 1998 and is based in Leuven, Belgium. KBC Ancora SA is a subsidiary of Cera S.C.R.L.
KBC Ancora (KBCA) - Net Assets
Latest net assets as of June 2025: €3.53 Billion EUR
Based on the latest financial reports, KBC Ancora (KBCA) has net assets worth €3.53 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.63 Billion) and total liabilities (€100.55 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 | €3.53 Billion |
| % of Total Assets | 97.23% |
| Annual Growth Rate | 1.98% |
| 5-Year Change | 6.29% |
| 10-Year Change | 72.54% |
| Growth Volatility | 28521.41 |
KBC Ancora - Net Assets Trend (2001–2025)
This chart illustrates how KBC Ancora's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KBC Ancora (2001–2025)
The table below shows the annual net assets of KBC Ancora from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €3.53 Billion | +1.30% |
| 2024-06-30 | €3.48 Billion | +0.10% |
| 2023-06-30 | €3.48 Billion | +1.41% |
| 2022-06-30 | €3.43 Billion | +3.38% |
| 2021-06-30 | €3.32 Billion | +18.32% |
| 2020-06-30 | €2.81 Billion | +102116.75% |
| 2019-06-30 | €2.74 Million | -99.90% |
| 2018-06-30 | €2.73 Billion | +100292.49% |
| 2017-06-30 | €2.72 Million | -99.87% |
| 2016-06-30 | €2.05 Billion | -1.02% |
| 2015-06-30 | €2.07 Billion | +1.33% |
| 2014-06-30 | €2.04 Billion | +1.31% |
| 2013-06-30 | €2.01 Billion | +2.59% |
| 2012-06-30 | €1.96 Billion | -1.53% |
| 2011-06-30 | €1.99 Billion | +1.54% |
| 2010-06-30 | €1.96 Billion | -1.53% |
| 2009-06-30 | €1.99 Billion | -38.71% |
| 2008-06-30 | €3.25 Billion | +0.44% |
| 2007-06-30 | €3.24 Billion | +0.39% |
| 2006-06-30 | €3.22 Billion | -- |
| 2005-06-30 | €0.00 | -- |
| 2004-06-30 | €3.21 Billion | +0.11% |
| 2003-06-30 | €3.21 Billion | +0.02% |
| 2002-06-30 | €3.21 Billion | +45.37% |
| 2001-06-30 | €2.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KBC Ancora'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 decreased by 97.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €161.77K | 0.00% |
| Other Components | €3.53 Billion | 100.00% |
| Total Equity | €3.53 Billion | 100.00% |
KBC Ancora Competitors by Market Cap
The table below lists competitors of KBC Ancora ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Queensland Ltd
AU:BOQ
|
$2.79 Billion |
|
LXP Industrial Trust
NYSE:LXP
|
$2.79 Billion |
|
Varonis Systems
NASDAQ:VRNS
|
$2.79 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
$2.79 Billion |
|
Kyndryl Holdings Inc
NYSE:KD
|
$2.79 Billion |
|
VICTORIAS SECRECT DL -01
F:8FR
|
$2.79 Billion |
|
Vita Coco Company Inc
NASDAQ:COCO
|
$2.78 Billion |
|
Pilbara Minerals Limited
PINK:PILBF
|
$2.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KBC Ancora's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,483,590,730 to 3,528,713,910, a change of 45,123,180 (1.3%).
- Net income of 315,435,000 contributed positively to equity growth.
- Dividend payments of 270,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 324,685,646.
- Other factors increased equity by 324,673,826.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €315.44 Million | +8.94% |
| Dividends Paid | €270.30 Million | -7.66% |
| Other Comprehensive Income | €-324.69 Million | -9.2% |
| Other Changes | €324.67 Million | +9.2% |
| Total Change | €- | 1.30% |
Book Value vs Market Value Analysis
This analysis compares KBC Ancora'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: 1.57x
- 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 2.55x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-06-30 | €28.17 | €71.80 | x |
| 2002-06-30 | €40.96 | €71.80 | x |
| 2003-06-30 | €40.97 | €71.80 | x |
| 2004-06-30 | €41.01 | €71.80 | x |
| 2005-06-30 | €127.22 | €71.80 | x |
| 2006-06-30 | €42.44 | €71.80 | x |
| 2007-06-30 | €41.34 | €71.80 | x |
| 2008-06-30 | €41.52 | €71.80 | x |
| 2009-06-30 | €25.45 | €71.80 | x |
| 2010-06-30 | €25.12 | €71.80 | x |
| 2011-06-30 | €25.44 | €71.80 | x |
| 2012-06-30 | €25.05 | €71.80 | x |
| 2013-06-30 | €25.75 | €71.80 | x |
| 2014-06-30 | €26.04 | €71.80 | x |
| 2015-06-30 | €26.39 | €71.80 | x |
| 2016-06-30 | €26.12 | €71.80 | x |
| 2017-06-30 | €34.76 | €71.80 | x |
| 2018-06-30 | €34.89 | €71.80 | x |
| 2019-06-30 | €0.04 | €71.80 | x |
| 2020-06-30 | €35.83 | €71.80 | x |
| 2021-06-30 | €42.40 | €71.80 | x |
| 2022-06-30 | €43.90 | €71.80 | x |
| 2023-06-30 | €45.19 | €71.80 | x |
| 2024-06-30 | €45.23 | €71.80 | x |
| 2025-06-30 | €45.82 | €71.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KBC Ancora 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): 8.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.68%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.03x
- Recent ROE (8.94%) is below the historical average (423.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 2.51% | 100.00% | 0.01x | 2.02x | €-240.51 Million |
| 2005 | 1.41% | 100.00% | 0.04x | 0.35x | €-828.25 Million |
| 2006 | 5.48% | 92.05% | 0.06x | 1.01x | €-145.71 Million |
| 2007 | 7.76% | 96.88% | 0.08x | 1.06x | €-72.38 Million |
| 2008 | 8.63% | 90.18% | 0.08x | 1.18x | €-44.65 Million |
| 2009 | -63.17% | 0.00% | -0.49x | 1.30x | €-1.46 Billion |
| 2010 | -1.55% | -126919800.00% | 0.00x | 1.32x | €-226.67 Million |
| 2011 | 1.51% | 48.92% | 0.02x | 1.30x | €-169.05 Million |
| 2012 | -1.55% | -3669.08% | 0.00x | 1.32x | €-226.61 Million |
| 2013 | 2.52% | 95.47% | 0.02x | 1.29x | €-150.46 Million |
| 2014 | 1.29% | 92.11% | 0.01x | 1.20x | €-177.50 Million |
| 2015 | 0.01% | 86.16% | 0.00x | 1.18x | €-206.49 Million |
| 2016 | 0.00% | -21252.46% | 0.00x | 1.19x | €-204.54 Million |
| 2017 | 30.98% | 97.64% | 0.28x | 1.14x | €571.04K |
| 2018 | 0.01% | 92.43% | 0.00x | 1.14x | €-273.02 Million |
| 2019 | 9244.21% | 99.02% | 82.95x | 1.13x | €253.47 Million |
| 2020 | 2.17% | 135679.48% | 0.00x | 1.12x | €-219.73 Million |
| 2021 | 15.96% | 1550.52% | 0.01x | 1.10x | €197.71 Million |
| 2022 | 23.45% | 97.95% | 0.22x | 1.07x | €461.63 Million |
| 2023 | 8.59% | 96.11% | 0.09x | 1.05x | €-49.16 Million |
| 2024 | 10.57% | 97.36% | 0.11x | 1.03x | €19.93 Million |
| 2025 | 8.94% | 97.68% | 0.09x | 1.03x | €-37.44 Million |
Industry Comparison
This section compares KBC Ancora's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $927,440,963
- Average return on equity (ROE) among peers: 0.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KBC Ancora (KBCA) | €3.53 Billion | 2.51% | 0.03x | $2.79 Billion |
| Brederode SA (BREB) | $4.14 Billion | 9.98% | 0.00x | $1.18 Billion |
| Candela Invest SA (CAND) | $6.24 Million | 17.25% | 1.54x | $73.08K |
| Compagnie du Bois Sauvage SA (COMB) | $385.57 Million | -46.01% | 0.99x | $253.83 Million |
| GIMV NV (GIMB) | $1.30 Billion | 15.78% | 0.35x | $1.71 Billion |
| Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V (MOP) | $55.32 Million | 2.99% | 0.00x | $21.20 Million |
| Quest For Growth - Pricaf (QFG) | $134.97 Million | 0.40% | 0.00x | $42.21K |
| TINC Comm VA (TINC) | $463.62 Million | 5.39% | 0.00x | $430.75 Million |