Tessenderlo (TESB) - Net Assets

Latest as of June 2025: €1.80 Billion EUR ≈ $2.10 Billion USD

Based on the latest financial reports, Tessenderlo (TESB) has net assets worth €1.80 Billion EUR (≈ $2.10 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.83 Billion ≈ $3.31 Billion USD) and total liabilities (€1.03 Billion ≈ $1.21 Billion USD). 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. Check TESB financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€1.80 Billion
% of Total Assets	63.54%
Annual Growth Rate	3.68%
5-Year Change	111.53%
10-Year Change	268.98%
Growth Volatility	23.86

Tessenderlo - Net Assets Trend (2000–2024)

This chart illustrates how Tessenderlo's net assets have evolved over time, based on quarterly financial data. Also explore Tessenderlo asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Tessenderlo (2000–2024)

The table below shows the annual net assets of Tessenderlo from 2000 to 2024. For live valuation and market cap data, see TESB market cap overview.

Year	Net Assets	Change
2024-12-31	€1.91 Billion ≈ $2.24 Billion	-1.87%
2023-12-31	€1.95 Billion ≈ $2.28 Billion	+38.87%
2022-12-31	€1.40 Billion ≈ $1.64 Billion	+24.04%
2021-12-31	€1.13 Billion ≈ $1.32 Billion	+25.13%
2020-12-31	€904.10 Million ≈ $1.06 Billion	+9.79%
2019-12-31	€823.50 Million ≈ $962.76 Million	+11.69%
2018-12-31	€737.30 Million ≈ $861.98 Million	+15.31%
2017-12-31	€639.40 Million ≈ $747.53 Million	+5.51%
2016-12-31	€606.00 Million ≈ $708.48 Million	+16.92%
2015-12-31	€518.30 Million ≈ $605.95 Million	+18.63%
2014-12-31	€436.90 Million ≈ $510.78 Million	+82.12%
2013-12-31	€239.90 Million ≈ $280.47 Million	-34.31%
2012-12-31	€365.20 Million ≈ $426.96 Million	-39.60%
2011-12-31	€604.60 Million ≈ $706.84 Million	-17.02%
2010-12-31	€728.60 Million ≈ $851.81 Million	+2.98%
2009-12-31	€707.50 Million ≈ $827.14 Million	-21.56%
2008-12-31	€902.00 Million ≈ $1.05 Billion	+12.44%
2007-12-31	€802.20 Million ≈ $937.86 Million	+12.72%
2006-12-31	€711.70 Million ≈ $832.05 Million	-8.13%
2005-12-31	€774.70 Million ≈ $905.71 Million	+2.54%
2004-12-31	€755.50 Million ≈ $883.26 Million	-0.16%
2003-12-31	€756.74 Million ≈ $884.71 Million	-2.01%
2002-12-31	€772.27 Million ≈ $902.86 Million	-8.77%
2001-12-31	€846.48 Million ≈ $989.63 Million	+5.47%
2000-12-31	€802.57 Million ≈ $938.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tessenderlo'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 24470000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	€428.30 Million	22.59%
Other Comprehensive Income	€-31.20 Million	-1.65%
Other Components	€1.74 Billion	91.96%
Total Equity	€1.90 Billion	100.00%

Tessenderlo Competitors by Market Cap

The table below lists competitors of Tessenderlo ranked by their market capitalization.

Company	Market Cap
Trident Limited NSE:TRIDENT	$1.46 Billion
Deutsche EuroShop AG F:DEQ	$1.46 Billion
Reit 1 TA:RIT1	$1.46 Billion
Paramount Group Inc NYSE:PGRE	$1.46 Billion
SK IE Technology Co Ltd KO:361610	$1.46 Billion
IMDEX Ltd AU:IMD	$1.46 Billion
Faraday Technology Corp TW:3035	$1.46 Billion
Gs Retail KO:007070	$1.46 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tessenderlo's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,930,900,000 to 1,896,000,000, a change of -34,900,000 (-1.8%).
Net income of 42,700,000 contributed positively to equity growth.
Dividend payments of 54,000,000 reduced retained earnings.
Share repurchases of 47,300,000 reduced equity.
Other comprehensive income increased equity by 209,800,000.
Other factors decreased equity by 186,100,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€42.70 Million	+2.25%
Dividends Paid	€54.00 Million	-2.85%
Share Repurchases	€47.30 Million	-2.49%
Other Comprehensive Income	€209.80 Million	+11.07%
Other Changes	€-186.10 Million	-9.82%
Total Change	€-	-1.81%

Book Value vs Market Value Analysis

This analysis compares Tessenderlo'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: 0.68x
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 0.81x to 0.68x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€25.89	€20.90	x
2003-12-31	€26.19	€20.90	x
2004-12-31	€26.14	€20.90	x
2005-12-31	€26.70	€20.90	x
2006-12-31	€24.30	€20.90	x
2007-12-31	€27.31	€20.90	x
2008-12-31	€30.56	€20.90	x
2009-12-31	€23.17	€20.90	x
2010-12-31	€23.17	€20.90	x
2011-12-31	€18.48	€20.90	x
2012-12-31	€9.86	€20.90	x
2013-12-31	€6.44	€20.90	x
2014-12-31	€13.48	€20.90	x
2015-12-31	€12.11	€20.90	x
2016-12-31	€14.08	€20.90	x
2017-12-31	€14.80	€20.90	x
2018-12-31	€17.04	€20.90	x
2019-12-31	€15.64	€20.90	x
2020-12-31	€20.94	€20.90	x
2021-12-31	€26.27	€20.90	x
2022-12-31	€32.53	€20.90	x
2023-12-31	€30.62	€20.90	x
2024-12-31	€30.85	€20.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tessenderlo 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): 2.25%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.61%
• Asset Turnover: 0.89x
• Equity Multiplier: 1.57x
Recent ROE (2.25%) is below the historical average (2.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	11.39%	4.97%	1.19x	1.93x	€11.02 Million
2001	7.77%	3.43%	1.10x	2.06x	€-18.58 Million
2002	10.11%	3.89%	1.21x	2.15x	€806.60K
2003	5.75%	2.20%	1.24x	2.10x	€-32.15 Million
2004	7.09%	2.60%	1.28x	2.13x	€-21.95 Million
2005	4.42%	1.59%	1.26x	2.21x	€-43.23 Million
2006	-3.42%	-1.09%	1.31x	2.40x	€-95.25 Million
2007	16.08%	5.35%	1.43x	2.10x	€48.68 Million
2008	15.60%	5.08%	1.53x	2.01x	€50.40 Million
2009	-23.64%	-7.96%	1.33x	2.24x	€-237.22 Million
2010	2.80%	0.84%	1.43x	2.34x	€-52.19 Million
2011	-15.93%	-4.50%	1.54x	2.30x	€-155.63 Million
2012	-63.65%	-9.33%	1.65x	4.13x	€-229.92 Million
2013	-31.34%	-3.58%	1.64x	5.34x	€-84.42 Million
2014	12.39%	3.74%	1.21x	2.73x	€10.35 Million
2015	16.35%	5.32%	1.22x	2.52x	€32.82 Million
2016	16.34%	6.21%	1.17x	2.25x	€38.33 Million
2017	4.01%	1.54%	1.17x	2.21x	€-38.17 Million
2018	12.47%	5.66%	0.88x	2.50x	€18.19 Million
2019	14.24%	5.51%	0.91x	2.83x	€28.62 Million
2020	10.97%	5.70%	0.88x	2.18x	€8.80 Million
2021	16.62%	9.02%	0.94x	1.95x	€74.80 Million
2022	16.19%	8.77%	1.12x	1.64x	€86.72 Million
2023	5.67%	3.74%	1.00x	1.51x	€-83.59 Million
2024	2.25%	1.61%	0.89x	1.57x	€-146.90 Million

Industry Comparison

This section compares Tessenderlo's net assets metrics with peer companies in the Agricultural Inputs industry.

Industry Context

Industry: Agricultural Inputs
Average net assets among peers: $25,569,000
Average return on equity (ROE) among peers: -80.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tessenderlo (TESB)	€1.80 Billion	11.39%	0.57x	$1.46 Billion
Biotalys NV (BTLS)	$25.57 Million	-80.21%	0.43x	$107.45 Million

About Tessenderlo

BR:TESB Belgium Agricultural Inputs

Market Cap

$1.46 Billion

€1.25 Billion EUR

Market Cap Rank

#7558 Global

#37 in Belgium

Share Price

€20.90

Change (1 day)

-2.34%

52-Week Range

€19.58 - €28.75

All Time High

€40.20