TCM Group (TCM) - Net Assets
Based on the latest financial reports, TCM Group (TCM) has net assets worth Dkr628.75 Million DKK (≈ $98.37 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 (Dkr1.38 Billion ≈ $216.11 Million USD) and total liabilities (Dkr752.53 Million ≈ $117.74 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 TCM Group liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr628.75 Million |
| % of Total Assets | 45.52% |
| Annual Growth Rate | 15.75% |
| 5-Year Change | 49.81% |
| 10-Year Change | 84.98% |
| Growth Volatility | 25.52 |
TCM Group - Net Assets Trend (2012–2025)
This chart illustrates how TCM Group's net assets have evolved over time, based on quarterly financial data. Also explore TCM Group (TCM) total assets for the complete picture of this company's asset base.
Annual Net Assets for TCM Group (2012–2025)
The table below shows the annual net assets of TCM Group from 2012 to 2025. For live valuation and market cap data, see how much is TCM Group worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Dkr628.75 Million ≈ $98.37 Million |
+6.66% |
| 2024-12-31 | Dkr589.48 Million ≈ $92.23 Million |
+11.30% |
| 2023-12-31 | Dkr529.65 Million ≈ $82.87 Million |
+25.92% |
| 2022-12-31 | Dkr420.63 Million ≈ $65.81 Million |
+0.22% |
| 2021-12-31 | Dkr419.69 Million ≈ $65.66 Million |
-26.93% |
| 2020-12-31 | Dkr574.37 Million ≈ $89.86 Million |
+21.50% |
| 2019-12-31 | Dkr472.74 Million ≈ $73.96 Million |
+15.63% |
| 2018-12-31 | Dkr408.84 Million ≈ $63.97 Million |
+34.14% |
| 2017-12-31 | Dkr304.78 Million ≈ $47.68 Million |
-10.33% |
| 2016-12-31 | Dkr339.90 Million ≈ $53.18 Million |
+85.03% |
| 2015-12-31 | Dkr183.70 Million ≈ $28.74 Million |
+35.67% |
| 2014-12-31 | Dkr135.40 Million ≈ $21.18 Million |
+21.60% |
| 2013-12-31 | Dkr111.35 Million ≈ $17.42 Million |
+18.54% |
| 2012-12-31 | Dkr93.93 Million ≈ $14.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TCM Group'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 66416100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr627.59 Million | 99.82% |
| Common Stock | Dkr1.05 Million | 0.17% |
| Other Comprehensive Income | Dkr120.00K | 0.02% |
| Total Equity | Dkr628.75 Million | 100.00% |
TCM Group Competitors by Market Cap
The table below lists competitors of TCM Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agora S.A.
WAR:AGO
|
$116.40 Million |
|
CTW Cayman Class A Ordinary Shares
NASDAQ:CTW
|
$116.42 Million |
|
Suraj Estate Developers Ltd.
NSE:SURAJEST
|
$116.43 Million |
|
Paragon Technologies Co Ltd
TW:3518
|
$116.44 Million |
|
Apiam Animal Health Ltd
AU:AHX
|
$116.33 Million |
|
Hankook Cosmetics Manufacturing Co Ltd
KO:003350
|
$116.32 Million |
|
Kalray SA
PA:ALKAL
|
$116.32 Million |
|
e-Credible Co. Ltd
KQ:092130
|
$116.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCM Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 589,484,000 to 628,747,000, a change of 39,263,000 (6.7%).
- Net income of 77,770,000 contributed positively to equity growth.
- Dividend payments of 30,985,000 reduced retained earnings.
- Share repurchases of 8,263,000 reduced equity.
- Other comprehensive income increased equity by 21,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr77.77 Million | +12.37% |
| Dividends Paid | Dkr30.98 Million | -4.93% |
| Share Repurchases | Dkr8.26 Million | -1.31% |
| Other Comprehensive Income | Dkr21.00K | +0.0% |
| Other Changes | Dkr720.00K | +0.11% |
| Total Change | Dkr- | 6.66% |
Book Value vs Market Value Analysis
This analysis compares TCM Group'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 100.03x 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 |
|---|---|---|---|
| 2012-12-31 | Dkr0.72 | Dkr72.00 | x |
| 2013-12-31 | Dkr0.85 | Dkr72.00 | x |
| 2014-12-31 | Dkr13.54 | Dkr72.00 | x |
| 2015-12-31 | Dkr18.37 | Dkr72.00 | x |
| 2016-12-31 | Dkr37.67 | Dkr72.00 | x |
| 2017-12-31 | Dkr28.63 | Dkr72.00 | x |
| 2018-12-31 | Dkr40.88 | Dkr72.00 | x |
| 2019-12-31 | Dkr47.27 | Dkr72.00 | x |
| 2020-12-31 | Dkr57.44 | Dkr72.00 | x |
| 2021-12-31 | Dkr43.75 | Dkr72.00 | x |
| 2022-12-31 | Dkr46.26 | Dkr72.00 | x |
| 2023-12-31 | Dkr54.15 | Dkr72.00 | x |
| 2024-12-31 | Dkr56.29 | Dkr72.00 | x |
| 2025-12-31 | Dkr60.50 | Dkr72.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCM Group 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): 12.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.20x
- Recent ROE (12.37%) is below the historical average (16.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 8.47% | 2.11% | 1.24x | 3.24x | Dkr-1.43 Million |
| 2013 | 15.39% | 4.29% | 1.47x | 2.45x | Dkr6.00 Million |
| 2014 | 17.80% | 5.52% | 1.33x | 2.42x | Dkr10.56 Million |
| 2015 | 26.24% | 8.98% | 1.45x | 2.02x | Dkr29.83 Million |
| 2016 | 9.33% | 5.29% | 0.75x | 2.34x | Dkr-2.29 Million |
| 2017 | 15.75% | 5.87% | 1.01x | 2.64x | Dkr17.52 Million |
| 2018 | 25.37% | 11.52% | 1.07x | 2.06x | Dkr62.83 Million |
| 2019 | 23.55% | 11.06% | 1.11x | 1.93x | Dkr64.05 Million |
| 2020 | 17.80% | 9.98% | 1.10x | 1.62x | Dkr44.81 Million |
| 2021 | 26.38% | 9.99% | 1.22x | 2.16x | Dkr68.74 Million |
| 2022 | 16.76% | 6.15% | 1.18x | 2.31x | Dkr28.43 Million |
| 2023 | 4.06% | 1.94% | 0.93x | 2.27x | Dkr-31.44 Million |
| 2024 | 9.78% | 4.79% | 1.00x | 2.05x | Dkr-1.27 Million |
| 2025 | 12.37% | 6.08% | 0.93x | 2.20x | Dkr14.90 Million |
Industry Comparison
This section compares TCM Group's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
No peer company data available for comparison.
About TCM Group
TCM Group A/S manufactures and sells kitchen and furniture products for bathrooms and storage in Denmark, Norway, and internationally. The company offers kitchen, bathroom and utility room fixtures, and sliding door cabinets under the Svane Køkkenet, Tvis køkken, Nettoline, AUBO, and private label brands. It also manufactures do-it-yourself solutions for private label and independent kitchen stor… Read more