Texaf SA (TEXF) - Net Assets
Based on the latest financial reports, Texaf SA (TEXF) has net assets worth €117.40 Million EUR (≈ $137.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€180.18 Million ≈ $210.65 Million USD) and total liabilities (€62.77 Million ≈ $73.39 Million 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 TEXF tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €117.40 Million |
| % of Total Assets | 65.16% |
| Annual Growth Rate | 6.92% |
| 5-Year Change | 14.02% |
| 10-Year Change | 50.33% |
| Growth Volatility | 6.63 |
Texaf SA - Net Assets Trend (2004–2025)
This chart illustrates how Texaf SA's net assets have evolved over time, based on quarterly financial data. See TEXF defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Texaf SA (2004–2025)
The table below shows the annual net assets of Texaf SA from 2004 to 2025. For live valuation and market cap data, see TEXF stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €117.40 Million ≈ $137.26 Million |
+2.23% |
| 2024-12-31 | €114.84 Million ≈ $134.26 Million |
+2.13% |
| 2023-12-31 | €112.45 Million ≈ $131.47 Million |
+5.40% |
| 2022-12-31 | €106.69 Million ≈ $124.73 Million |
+3.62% |
| 2021-12-31 | €102.96 Million ≈ $120.37 Million |
+3.13% |
| 2020-12-31 | €99.84 Million ≈ $116.72 Million |
+2.38% |
| 2019-12-31 | €97.52 Million ≈ $114.01 Million |
+8.09% |
| 2018-12-31 | €90.21 Million ≈ $105.47 Million |
+12.53% |
| 2017-12-31 | €80.17 Million ≈ $93.72 Million |
+2.65% |
| 2016-12-31 | €78.10 Million ≈ $91.31 Million |
+4.71% |
| 2015-12-31 | €74.59 Million ≈ $87.20 Million |
+5.11% |
| 2014-12-31 | €70.96 Million ≈ $82.96 Million |
+6.35% |
| 2013-12-31 | €66.73 Million ≈ $78.01 Million |
+9.97% |
| 2012-12-31 | €60.68 Million ≈ $70.94 Million |
+12.61% |
| 2011-12-31 | €53.88 Million ≈ $63.00 Million |
+1.59% |
| 2010-12-31 | €53.04 Million ≈ $62.01 Million |
+4.28% |
| 2009-12-31 | €50.86 Million ≈ $59.46 Million |
+8.89% |
| 2008-12-31 | €46.71 Million ≈ $54.61 Million |
+9.80% |
| 2007-12-31 | €42.54 Million ≈ $49.74 Million |
+32.90% |
| 2006-12-31 | €32.01 Million ≈ $37.42 Million |
+4.22% |
| 2005-12-31 | €30.72 Million ≈ $35.91 Million |
+6.73% |
| 2004-12-31 | €28.78 Million ≈ $33.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Texaf SA'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €25.50 Million | 22.00% |
| Other Components | €90.37 Million | 78.00% |
| Total Equity | €115.87 Million | 100.00% |
Texaf SA Competitors by Market Cap
The table below lists competitors of Texaf SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lucara Diamond Corp
TO:LUC
|
$161.36 Million |
|
Tianjin Capital Environmental Protection Group Company Limited
F:TIA
|
$161.38 Million |
|
Shane Global Holding Inc
TW:8482
|
$161.40 Million |
|
Bioversys AG
SW:BIOV
|
$161.41 Million |
|
Sangsin Energy Display Precision Co.Ltd
KQ:091580
|
$161.32 Million |
|
Ram Essential Services Property Fund
AU:REP
|
$161.31 Million |
|
Froch Enterprise Co Ltd
TW:2030
|
$161.28 Million |
|
Digia Oyj
HE:DIGIA
|
$161.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Texaf SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 113,286,000 to 115,871,000, a change of 2,585,000 (2.3%).
- Net income of 8,971,000 contributed positively to equity growth.
- Dividend payments of 6,443,000 reduced retained earnings.
- Other comprehensive income decreased equity by 87,789,000.
- Other factors increased equity by 87,846,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €8.97 Million | +7.74% |
| Dividends Paid | €6.44 Million | -5.56% |
| Other Comprehensive Income | €-87.79 Million | -75.76% |
| Other Changes | €87.85 Million | +75.81% |
| Total Change | €- | 2.28% |
Book Value vs Market Value Analysis
This analysis compares Texaf SA'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: 1.29x
- 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 4.52x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €9.02 | €40.80 | x |
| 2005-12-31 | €9.62 | €40.80 | x |
| 2006-12-31 | €10.03 | €40.80 | x |
| 2007-12-31 | €10.54 | €40.80 | x |
| 2008-12-31 | €11.52 | €40.80 | x |
| 2009-12-31 | €12.96 | €40.80 | x |
| 2010-12-31 | €13.72 | €40.80 | x |
| 2011-12-31 | €14.09 | €40.80 | x |
| 2012-12-31 | €15.81 | €40.80 | x |
| 2013-12-31 | €17.51 | €40.80 | x |
| 2014-12-31 | €20.15 | €40.80 | x |
| 2015-12-31 | €20.44 | €40.80 | x |
| 2016-12-31 | €21.40 | €40.80 | x |
| 2017-12-31 | €21.97 | €40.80 | x |
| 2018-12-31 | €24.73 | €40.80 | x |
| 2019-12-31 | €26.73 | €40.80 | x |
| 2020-12-31 | €27.60 | €40.80 | x |
| 2021-12-31 | €27.98 | €40.80 | x |
| 2022-12-31 | €28.99 | €40.80 | x |
| 2023-12-31 | €30.48 | €40.80 | x |
| 2024-12-31 | €30.90 | €40.80 | x |
| 2025-12-31 | €31.67 | €40.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Texaf SA 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): 7.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.92%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.55x
- Recent ROE (7.74%) is above the historical average (7.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 2.10% | 47.27% | 0.02x | 2.00x | €-2.27 Million |
| 2005 | 0.72% | 4.78% | 0.10x | 1.53x | €-2.85 Million |
| 2006 | 5.60% | 30.54% | 0.12x | 1.50x | €-1.41 Million |
| 2007 | 7.21% | 37.57% | 0.09x | 2.03x | €-962.60K |
| 2008 | 9.48% | 42.72% | 0.11x | 2.00x | €-196.90K |
| 2009 | 4.52% | 14.13% | 0.15x | 2.17x | €-2.32 Million |
| 2010 | 6.70% | 17.47% | 0.18x | 2.14x | €-1.48 Million |
| 2011 | 3.97% | 13.40% | 0.14x | 2.12x | €-2.78 Million |
| 2012 | 12.60% | 37.78% | 0.17x | 1.96x | €1.34 Million |
| 2013 | 11.31% | 34.80% | 0.17x | 1.88x | €750.40K |
| 2014 | 6.63% | 24.75% | 0.17x | 1.56x | €-2.38 Million |
| 2015 | 7.35% | 27.77% | 0.16x | 1.62x | €-1.97 Million |
| 2016 | 7.01% | 29.65% | 0.15x | 1.56x | €-2.32 Million |
| 2017 | 5.69% | 24.95% | 0.15x | 1.51x | €-3.44 Million |
| 2018 | 14.36% | 68.41% | 0.15x | 1.39x | €3.92 Million |
| 2019 | 11.09% | 49.66% | 0.17x | 1.35x | €1.06 Million |
| 2020 | 4.60% | 20.90% | 0.17x | 1.30x | €-5.38 Million |
| 2021 | 5.08% | 22.91% | 0.17x | 1.32x | €-5.05 Million |
| 2022 | 7.86% | 30.45% | 0.18x | 1.40x | €-2.28 Million |
| 2023 | 10.42% | 39.71% | 0.18x | 1.49x | €464.90K |
| 2024 | 6.56% | 22.99% | 0.18x | 1.54x | €-3.90 Million |
| 2025 | 7.74% | 23.92% | 0.21x | 1.55x | €-2.62 Million |
Industry Comparison
This section compares Texaf SA's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $162,880,951
- Average return on equity (ROE) among peers: 5.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Texaf SA (TEXF) | €117.40 Million | 2.10% | 0.53x | $161.33 Million |
| Accentis (ACCB) | $42.85 Million | 1.47% | 3.34x | $34.10 Million |
| Inclusio Sca (INCLU) | $227.11 Million | 8.57% | 0.71x | $134.88 Million |
| Immo Mcc NV (MCC) | $62.00 | 0.00% | 393.81x | $15.68 Million |
| Softimat S.A. (SOFT) | $7.47 Million | -4.81% | 0.16x | $3.17 Million |
| VGP NV (VGP) | $699.78 Million | 29.38% | 1.32x | $2.63 Billion |
| Immo-Zenobe Gramme SA (ZEN) | $76.09K | 0.85% | 214.53x | $13.76 Million |
About Texaf SA
Texaf S.A. develops, owns, and leases real estate properties in the Democratic Republic of Congo. It operates through Real Estate, Digital, and Quarries segments. The company's portfolio comprises 426 homes, including 53 villas and 373 flats with a residential area of 82,200 square meters; 26,300 square meters of office and retail premises; and 30,000 square meters of warehouses, as well as the T… Read more