Recticel
Recticel SA/NV, an insulation company, provides thermal and thermo-acoustic solutions in Belgium, France, the Netherlands, Germany, Slovenia, other European Union countries, the United Kingdom, the United States, and internationally. It offers thermal insulation boards consist of high-performance polyisocyanurate (PIR) foam used in various residential and non-residential applications; thermal aco… Read more
Recticel (RECT) - Net Assets
Latest net assets as of June 2025: €426.30 Million EUR
Based on the latest financial reports, Recticel (RECT) has net assets worth €426.30 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€692.57 Million) and total liabilities (€266.27 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 | €426.30 Million |
| % of Total Assets | 61.55% |
| Annual Growth Rate | 7.88% |
| 5-Year Change | 32.96% |
| 10-Year Change | 78.8% |
| Growth Volatility | 56.95 |
Recticel - Net Assets Trend (2001–2024)
This chart illustrates how Recticel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Recticel (2001–2024)
The table below shows the annual net assets of Recticel from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €445.13 Million | +1.63% |
| 2023-12-31 | €437.99 Million | -1.83% |
| 2022-12-31 | €446.15 Million | +14.02% |
| 2021-12-31 | €391.31 Million | +16.88% |
| 2020-12-31 | €334.78 Million | -57.20% |
| 2019-12-31 | €782.13 Million | +195.17% |
| 2018-12-31 | €264.98 Million | +1.22% |
| 2017-12-31 | €261.79 Million | +4.21% |
| 2016-12-31 | €251.21 Million | +0.90% |
| 2015-12-31 | €248.96 Million | +49.83% |
| 2014-12-31 | €166.16 Million | -11.03% |
| 2013-12-31 | €186.76 Million | -28.34% |
| 2012-12-31 | €260.62 Million | +4.75% |
| 2011-12-31 | €248.79 Million | +2.95% |
| 2010-12-31 | €241.67 Million | +6.95% |
| 2009-12-31 | €225.96 Million | -3.31% |
| 2008-12-31 | €233.70 Million | -5.89% |
| 2007-12-31 | €248.32 Million | +8.72% |
| 2006-12-31 | €228.40 Million | -9.09% |
| 2005-12-31 | €251.24 Million | -10.70% |
| 2004-12-31 | €281.35 Million | +187.59% |
| 2003-12-31 | €97.83 Million | +19.65% |
| 2002-12-31 | €81.77 Million | +5.23% |
| 2001-12-31 | €77.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Recticel'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 16249100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €162.49 Million | 36.63% |
| Common Stock | €141.51 Million | 31.90% |
| Other Comprehensive Income | €5.35 Million | 1.21% |
| Other Components | €134.25 Million | 30.26% |
| Total Equity | €443.60 Million | 100.00% |
Recticel Competitors by Market Cap
The table below lists competitors of Recticel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shelly Group SE
XETRA:SLYG
|
$383.95 Million |
|
Suzhou Delphi Laser Co. Ltd. A
SHG:688170
|
$384.00 Million |
|
Weikeng Industrial Co Ltd
TW:3033
|
$384.05 Million |
|
Hunting PLC
PINK:HNTIF
|
$384.12 Million |
|
Orion Group Holdings Inc
NYSE:ORN
|
$383.78 Million |
|
Yellow Hat Ltd.
PINK:YLLWF
|
$383.75 Million |
|
Shandong Synthesis Electronic Technology Co Ltd
SHE:300479
|
$383.73 Million |
|
Shenzhen Emperor Technology Co Ltd
SHE:300546
|
$383.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Recticel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 436,281,000 to 443,602,000, a change of 7,321,000 (1.7%).
- Net income of 18,132,000 contributed positively to equity growth.
- Dividend payments of 17,344,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,898,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.13 Million | +4.09% |
| Dividends Paid | €17.34 Million | -3.91% |
| Other Comprehensive Income | €2.90 Million | +0.65% |
| Other Changes | €3.63 Million | +0.82% |
| Total Change | €- | 1.68% |
Book Value vs Market Value Analysis
This analysis compares Recticel'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: 1.19x
- 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 5.14x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | €1.82 | €9.36 | x |
| 2002-12-31 | €1.78 | €9.36 | x |
| 2003-12-31 | €1.30 | €9.36 | x |
| 2004-12-31 | €6.13 | €9.36 | x |
| 2005-12-31 | €5.02 | €9.36 | x |
| 2006-12-31 | €4.39 | €9.36 | x |
| 2007-12-31 | €4.85 | €9.36 | x |
| 2008-12-31 | €5.90 | €9.36 | x |
| 2009-12-31 | €6.37 | €9.36 | x |
| 2010-12-31 | €6.77 | €9.36 | x |
| 2011-12-31 | €6.02 | €9.36 | x |
| 2012-12-31 | €6.26 | €9.36 | x |
| 2013-12-31 | €5.35 | €9.36 | x |
| 2014-12-31 | €4.69 | €9.36 | x |
| 2015-12-31 | €5.57 | €9.36 | x |
| 2016-12-31 | €4.21 | €9.36 | x |
| 2017-12-31 | €4.52 | €9.36 | x |
| 2018-12-31 | €4.81 | €9.36 | x |
| 2019-12-31 | €4.98 | €9.36 | x |
| 2020-12-31 | €6.03 | €9.36 | x |
| 2021-12-31 | €6.93 | €9.36 | x |
| 2022-12-31 | €7.84 | €9.36 | x |
| 2023-12-31 | €7.72 | €9.36 | x |
| 2024-12-31 | €7.85 | €9.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Recticel 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.58x
- Recent ROE (4.09%) is below the historical average (5.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 31.89% | 1.69% | 1.39x | 13.51x | €13.43 Million |
| 2002 | 37.56% | 1.91% | 1.42x | 13.86x | €16.51 Million |
| 2003 | -16.23% | -0.60% | 1.40x | 19.26x | €-11.50 Million |
| 2004 | 2.60% | 0.42% | 1.30x | 4.78x | €-15.26 Million |
| 2005 | -14.80% | -1.82% | 1.47x | 5.52x | €-42.54 Million |
| 2006 | -12.54% | -1.29% | 1.60x | 6.05x | €-34.25 Million |
| 2007 | 12.09% | 1.38% | 1.81x | 4.86x | €3.83 Million |
| 2008 | 2.18% | 0.30% | 1.73x | 4.27x | €-16.46 Million |
| 2009 | 8.88% | 1.57% | 1.68x | 3.36x | €-2.52 Million |
| 2010 | 6.05% | 1.08% | 1.73x | 3.22x | €-9.54 Million |
| 2011 | 7.00% | 1.26% | 1.89x | 2.93x | €-7.46 Million |
| 2012 | 5.89% | 1.48% | 1.48x | 2.69x | €-10.71 Million |
| 2013 | -19.35% | -3.70% | 1.59x | 3.28x | €-54.81 Million |
| 2014 | -5.87% | -0.99% | 1.54x | 3.84x | €-26.37 Million |
| 2015 | 1.82% | 0.44% | 1.53x | 2.72x | €-20.35 Million |
| 2016 | 6.50% | 1.56% | 1.51x | 2.76x | €-8.79 Million |
| 2017 | 9.13% | 2.11% | 1.55x | 2.79x | €-2.27 Million |
| 2018 | 10.89% | 2.58% | 1.52x | 2.78x | €2.35 Million |
| 2019 | 9.01% | 2.82% | 1.09x | 2.92x | €-2.71 Million |
| 2020 | 18.90% | 10.24% | 0.88x | 2.09x | €29.74 Million |
| 2021 | 13.73% | 11.91% | 0.43x | 2.71x | €14.54 Million |
| 2022 | 14.04% | 10.62% | 0.55x | 2.42x | €17.97 Million |
| 2023 | 0.76% | 0.63% | 0.80x | 1.51x | €-40.32 Million |
| 2024 | 4.09% | 2.97% | 0.87x | 1.58x | €-26.23 Million |
Industry Comparison
This section compares Recticel's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $214,185,000
- Average return on equity (ROE) among peers: 1.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Recticel (RECT) | €426.30 Million | 31.89% | 0.62x | $383.79 Million |
| Deceuninck (DECB) | $214.19 Million | 1.89% | 1.04x | $163.38 Million |