Tiangong International Company Limited (34T1) - Net Assets
Based on the latest financial reports, Tiangong International Company Limited (34T1) has net assets worth €7.81 Billion EUR (≈ $9.13 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 (€13.77 Billion ≈ $16.10 Billion USD) and total liabilities (€5.96 Billion ≈ $6.97 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 34T1 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.81 Billion |
| % of Total Assets | 56.69% |
| Annual Growth Rate | 8.05% |
| 5-Year Change | 32.13% |
| 10-Year Change | 92.26% |
| Growth Volatility | 7.75 |
Tiangong International Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Tiangong International Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Tiangong International Company Limited (34T1) total assets for the complete picture of this company's asset base.
Annual Net Assets for Tiangong International Company Limited (2013–2024)
The table below shows the annual net assets of Tiangong International Company Limited from 2013 to 2024. For live valuation and market cap data, see 34T1 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €7.45 Billion ≈ $8.71 Billion |
+0.92% |
| 2023-12-31 | €7.38 Billion ≈ $8.63 Billion |
+3.41% |
| 2022-12-31 | €7.14 Billion ≈ $8.35 Billion |
+3.61% |
| 2021-12-31 | €6.89 Billion ≈ $8.06 Billion |
+22.20% |
| 2020-12-31 | €5.64 Billion ≈ $6.59 Billion |
+8.40% |
| 2019-12-31 | €5.20 Billion ≈ $6.08 Billion |
+7.88% |
| 2018-12-31 | €4.82 Billion ≈ $5.64 Billion |
+12.08% |
| 2017-12-31 | €4.30 Billion ≈ $5.03 Billion |
+3.55% |
| 2016-12-31 | €4.16 Billion ≈ $4.86 Billion |
+7.20% |
| 2015-12-31 | €3.88 Billion ≈ $4.53 Billion |
-1.36% |
| 2014-12-31 | €3.93 Billion ≈ $4.59 Billion |
+23.64% |
| 2013-12-31 | €3.18 Billion ≈ $3.72 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Tiangong International Company Limited'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 92.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.41 Billion | 48.08% |
| Other Components | €3.68 Billion | 51.92% |
| Total Equity | €7.09 Billion | 100.00% |
Tiangong International Company Limited Competitors by Market Cap
The table below lists competitors of Tiangong International Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Strong Biotechnologies Inc
SHE:300406
|
$1.09 Billion |
|
Elders Ltd
AU:ELD
|
$1.09 Billion |
|
H Lundbeck A/S
CO:HLUN-A
|
$1.09 Billion |
|
Omai Gold Mines Corp
V:OMG
|
$1.09 Billion |
|
OceanFirst Financial Corp
NASDAQ:OCFC
|
$1.09 Billion |
|
Generation Development Group Ltd
AU:GDG
|
$1.09 Billion |
|
Mirae Asset Venture Investment Co. Ltd
KQ:100790
|
$1.09 Billion |
|
Teva Pharmaceutical Industries Ltd
TA:TEVA
|
$1.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tiangong International Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,064,555,000 to 7,093,077,000, a change of 28,522,000 (0.4%).
- Net income of 358,757,000 contributed positively to equity growth.
- Dividend payments of 164,184,000 reduced retained earnings.
- Share repurchases of 78,830,000 reduced equity.
- Other factors decreased equity by 87,221,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €358.76 Million | +5.06% |
| Dividends Paid | €164.18 Million | -2.31% |
| Share Repurchases | €78.83 Million | -1.11% |
| Other Changes | €-87.22 Million | -1.23% |
| Total Change | €- | 0.40% |
Book Value vs Market Value Analysis
This analysis compares Tiangong International Company Limited'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: 0.14x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.86 | €0.37 | x |
| 2018-12-31 | €1.84 | €0.37 | x |
| 2019-12-31 | €1.96 | €0.37 | x |
| 2020-12-31 | €2.10 | €0.37 | x |
| 2021-12-31 | €2.37 | €0.37 | x |
| 2022-12-31 | €2.46 | €0.37 | x |
| 2023-12-31 | €2.55 | €0.37 | x |
| 2024-12-31 | €2.60 | €0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tiangong International Company Limited 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): 5.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.42%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.87x
- Recent ROE (5.06%) is below the historical average (7.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 14.79% | 13.83% | 0.47x | 2.25x | €152.14 Million |
| 2014 | 11.80% | 10.22% | 0.54x | 2.13x | €70.67 Million |
| 2015 | 1.87% | 2.12% | 0.41x | 2.16x | €-315.01 Million |
| 2016 | 2.75% | 3.28% | 0.41x | 2.06x | €-291.20 Million |
| 2017 | 4.07% | 4.34% | 0.45x | 2.09x | €-246.87 Million |
| 2018 | 5.54% | 5.15% | 0.50x | 2.15x | €-208.32 Million |
| 2019 | 7.85% | 7.36% | 0.53x | 2.03x | €-108.49 Million |
| 2020 | 9.82% | 10.29% | 0.47x | 2.05x | €-10.00 Million |
| 2021 | 10.02% | 11.56% | 0.46x | 1.90x | €1.35 Million |
| 2022 | 7.34% | 9.94% | 0.38x | 1.95x | €-182.49 Million |
| 2023 | 5.24% | 7.17% | 0.38x | 1.92x | €-336.25 Million |
| 2024 | 5.06% | 7.42% | 0.36x | 1.87x | €-350.55 Million |
Industry Comparison
This section compares Tiangong International Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $22,758,384,222
- Average return on equity (ROE) among peers: 7.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tiangong International Company Limited (34T1) | €7.81 Billion | 14.79% | 0.76x | $1.09 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $41.28 Million | -3.37% | 0.00x | $33.09 Million |
| Aperam SA (7AA) | $2.68 Billion | 3.55% | 0.94x | $2.84 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.21 Billion | 0.28% | 0.61x | $2.60 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.58 Billion | 8.74% | 1.51x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $56.54 Billion | 5.80% | 0.73x | $35.56 Billion |
| BCI Minerals Limited (BC3) | $172.66 Million | 12.73% | 0.32x | $658.02 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $18.53 Billion | 9.65% | 0.45x | $74.24 Million |
| Da Ming International Holdings Limited (DM7) | $2.41 Billion | 16.08% | 2.22x | $106.54 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $118.66 Billion | 15.17% | 0.47x | $3.02 Billion |
About Tiangong International Company Limited
Tiangong International Company Limited, together with its subsidiaries, manufactures and sells alloy steel, cutting tools, titanium alloys, and related products. The company is involved in the trading of goods and special steel; provision of investment management and advisory related services; processes and sells electric tool sets; manufacturing and selling of die steel and high-speed steel; and… Read more