Tivoli A/S
Tivoli A/S engages in the entertainment business in Denmark. The company offers rides and amusements, games, meetings, events, programs, performances, and concerts. It also operates Nimb Hotel, a 5-star boutique hotel; and Nimb Club with fitness, pool, and spa, as well as restaurants and outlets under the Nimb brand. In addition, the company leases stalls, shops, and restaurants, as well as outle… Read more
Tivoli A/S (TIV) - Net Assets
Latest net assets as of September 2025: Dkr1.14 Billion DKK
Based on the latest financial reports, Tivoli A/S (TIV) has net assets worth Dkr1.14 Billion DKK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr1.81 Billion) and total liabilities (Dkr662.80 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 | Dkr1.14 Billion |
| % of Total Assets | 63.31% |
| Annual Growth Rate | 5.93% |
| 5-Year Change | 27.02% |
| 10-Year Change | 57.67% |
| Growth Volatility | 12.68 |
Tivoli A/S - Net Assets Trend (2000–2024)
This chart illustrates how Tivoli A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tivoli A/S (2000–2024)
The table below shows the annual net assets of Tivoli A/S from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr1.15 Billion | +9.32% |
| 2023-12-31 | Dkr1.05 Billion | +6.14% |
| 2022-12-31 | Dkr988.40 Million | +12.75% |
| 2021-12-31 | Dkr876.60 Million | -2.91% |
| 2020-12-31 | Dkr902.90 Million | -13.99% |
| 2019-12-31 | Dkr1.05 Billion | +14.06% |
| 2018-12-31 | Dkr920.40 Million | +8.70% |
| 2017-12-31 | Dkr846.70 Million | +7.78% |
| 2016-12-31 | Dkr785.60 Million | +8.00% |
| 2015-12-31 | Dkr727.40 Million | +5.02% |
| 2014-12-31 | Dkr692.60 Million | +4.65% |
| 2013-12-31 | Dkr661.80 Million | +5.43% |
| 2012-12-31 | Dkr627.70 Million | +3.86% |
| 2011-12-31 | Dkr604.40 Million | +2.72% |
| 2010-12-31 | Dkr588.40 Million | +0.07% |
| 2009-12-31 | Dkr588.00 Million | +1.29% |
| 2008-12-31 | Dkr580.50 Million | +8.34% |
| 2007-12-31 | Dkr535.80 Million | +2.12% |
| 2006-12-31 | Dkr524.70 Million | +5.83% |
| 2005-12-31 | Dkr495.80 Million | +6.24% |
| 2004-12-31 | Dkr466.70 Million | +6.38% |
| 2003-12-31 | Dkr438.70 Million | +3.83% |
| 2002-12-31 | Dkr422.50 Million | +1.37% |
| 2002-03-31 | Dkr416.80 Million | -10.09% |
| 2001-12-31 | Dkr463.60 Million | +61.03% |
| 2000-12-31 | Dkr287.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tivoli A/S'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 107990000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr1.08 Billion | 94.16% |
| Common Stock | Dkr57.20 Million | 4.99% |
| Other Comprehensive Income | Dkr9.80 Million | 0.85% |
| Other Components | Dkr1.00 | 0.00% |
| Total Equity | Dkr1.15 Billion | 100.00% |
Tivoli A/S Competitors by Market Cap
The table below lists competitors of Tivoli A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tharisa plc
PINK:TIHRF
|
$210.97 Million |
|
LIFENET INSURANCE CO.
F:7XJ
|
$211.12 Million |
|
Handsome
KO:020000
|
$211.12 Million |
|
Cinderson Tech (Suzhou) Co., Ltd.
SHG:603344
|
$211.12 Million |
|
WPG (Shanghai) Smart Water Public Co. Ltd
SHG:603956
|
$210.86 Million |
|
Petrovietnam Camau Fertilizer
VN:DCM
|
$210.85 Million |
|
Sichuan Zigong Conveying Machine Group Co Ltd
SHE:001288
|
$210.70 Million |
|
AXWAY SOFTWARE EO 2
F:1XV
|
$210.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tivoli A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,049,100,000 to 1,146,900,000, a change of 97,800,000 (9.3%).
- Net income of 123,600,000 contributed positively to equity growth.
- Dividend payments of 21,600,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,200,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr123.60 Million | +10.78% |
| Dividends Paid | Dkr21.60 Million | -1.88% |
| Other Comprehensive Income | Dkr-4.20 Million | -0.37% |
| Other Changes | Dkr1.00 | +0.0% |
| Total Change | Dkr- | 9.32% |
Book Value vs Market Value Analysis
This analysis compares Tivoli A/S'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: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 68.20x to 3.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | Dkr9.18 | Dkr626.00 | x |
| 2007-12-31 | Dkr9.37 | Dkr626.00 | x |
| 2008-12-31 | Dkr10.15 | Dkr626.00 | x |
| 2009-12-31 | Dkr10.29 | Dkr626.00 | x |
| 2010-12-31 | Dkr10.29 | Dkr626.00 | x |
| 2011-12-31 | Dkr105.73 | Dkr626.00 | x |
| 2012-12-31 | Dkr109.80 | Dkr626.00 | x |
| 2013-12-31 | Dkr115.77 | Dkr626.00 | x |
| 2014-12-31 | Dkr121.15 | Dkr626.00 | x |
| 2015-12-31 | Dkr127.24 | Dkr626.00 | x |
| 2016-12-31 | Dkr137.42 | Dkr626.00 | x |
| 2017-12-31 | Dkr148.11 | Dkr626.00 | x |
| 2018-12-31 | Dkr161.00 | Dkr626.00 | x |
| 2019-12-31 | Dkr183.64 | Dkr626.00 | x |
| 2020-12-31 | Dkr157.94 | Dkr626.00 | x |
| 2021-12-31 | Dkr153.34 | Dkr626.00 | x |
| 2022-12-31 | Dkr172.90 | Dkr626.00 | x |
| 2023-12-31 | Dkr183.51 | Dkr626.00 | x |
| 2024-12-31 | Dkr200.43 | Dkr626.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tivoli A/S 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): 10.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.36%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.56x
- Recent ROE (10.78%) is above the historical average (5.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.47% | 2.70% | 0.66x | 1.94x | Dkr-18.79 Million |
| 2001 | 1.77% | 2.25% | 0.54x | 1.46x | Dkr-38.16 Million |
| 2002 | 2.70% | 3.10% | 0.64x | 1.36x | Dkr-30.85 Million |
| 2003 | 3.67% | 3.98% | 0.67x | 1.37x | Dkr-27.77 Million |
| 2004 | 7.22% | 7.95% | 0.70x | 1.30x | Dkr-12.97 Million |
| 2005 | 7.04% | 8.15% | 0.60x | 1.43x | Dkr-14.68 Million |
| 2006 | 7.17% | 7.04% | 0.66x | 1.53x | Dkr-14.87 Million |
| 2007 | 3.83% | 3.52% | 0.65x | 1.66x | Dkr-33.08 Million |
| 2008 | 9.73% | 10.64% | 0.59x | 1.55x | Dkr-1.55 Million |
| 2009 | 2.67% | 2.73% | 0.61x | 1.60x | Dkr-43.10 Million |
| 2010 | 1.02% | 1.03% | 0.62x | 1.60x | Dkr-52.84 Million |
| 2011 | 4.05% | 3.80% | 0.67x | 1.58x | Dkr-35.94 Million |
| 2012 | 5.00% | 4.73% | 0.67x | 1.57x | Dkr-31.37 Million |
| 2013 | 5.59% | 5.31% | 0.69x | 1.54x | Dkr-29.18 Million |
| 2014 | 6.41% | 5.52% | 0.78x | 1.49x | Dkr-24.86 Million |
| 2015 | 6.02% | 4.83% | 0.87x | 1.44x | Dkr-28.94 Million |
| 2016 | 9.59% | 8.38% | 0.76x | 1.51x | Dkr-3.26 Million |
| 2017 | 9.27% | 8.33% | 0.61x | 1.83x | Dkr-6.17 Million |
| 2018 | 10.23% | 8.90% | 0.66x | 1.74x | Dkr2.16 Million |
| 2019 | 15.95% | 15.92% | 0.58x | 1.73x | Dkr62.42 Million |
| 2020 | -15.83% | -29.91% | 0.27x | 1.93x | Dkr-233.19 Million |
| 2021 | -4.73% | -5.77% | 0.46x | 1.80x | Dkr-129.16 Million |
| 2022 | 6.59% | 5.76% | 0.68x | 1.69x | Dkr-33.74 Million |
| 2023 | 8.23% | 7.11% | 0.71x | 1.63x | Dkr-18.61 Million |
| 2024 | 10.78% | 9.36% | 0.74x | 1.56x | Dkr8.91 Million |
Industry Comparison
This section compares Tivoli A/S's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $18,979,000
- Average return on equity (ROE) among peers: -215.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tivoli A/S (TIV) | Dkr1.14 Billion | 3.47% | 0.58x | $210.87 Million |
| Aalborg Boldspilklub A/S (AAB) | $18.98 Million | -215.95% | 3.14x | $6.98 Million |