TECH INVEST GROUP ZY-02 (6N2) - Net Assets
Based on the latest financial reports, TECH INVEST GROUP ZY-02 (6N2) has net assets worth €2.51 Million EUR (≈ $2.94 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€11.40 Million ≈ $13.33 Million USD) and total liabilities (€8.89 Million ≈ $10.39 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 TECH INVEST GROUP ZY-02 (6N2) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.51 Million |
| % of Total Assets | 22.03% |
| Annual Growth Rate | -24.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 16.32 |
TECH INVEST GROUP ZY-02 - Net Assets Trend (2021–2023)
This chart illustrates how TECH INVEST GROUP ZY-02's net assets have evolved over time, based on quarterly financial data. Also explore TECH INVEST GROUP ZY-02 (6N2) total assets for the complete picture of this company's asset base.
Annual Net Assets for TECH INVEST GROUP ZY-02 (2021–2023)
The table below shows the annual net assets of TECH INVEST GROUP ZY-02 from 2021 to 2023. For live valuation and market cap data, see market cap of TECH INVEST GROUP ZY-02.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €5.65 Million ≈ $6.60 Million |
-6.60% |
| 2022-12-31 | €6.05 Million ≈ $7.07 Million |
-39.24% |
| 2021-12-31 | €9.95 Million ≈ $11.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TECH INVEST GROUP ZY-02'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 430443482.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €21.12 Million | 374.04% |
| Total Equity | €5.65 Million | 100.00% |
TECH INVEST GROUP ZY-02 Competitors by Market Cap
The table below lists competitors of TECH INVEST GROUP ZY-02 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Novra Technologies Inc
V:NVI
|
$2.66 Million |
|
Nordon Indústrias Metalúrgicas S/A
SA:NORD3
|
$2.66 Million |
|
Morarjee Textiles Limited
NSE:MORARJEE
|
$2.67 Million |
|
Li Bang International Corporation Inc. Ordinary Shares
NASDAQ:LBGJ
|
$2.67 Million |
|
EDENVILLE ENERGY PLC-01
F:UZH0
|
$2.66 Million |
|
Westar Resources Ltd
AU:WSR
|
$2.66 Million |
|
Sri Havisha Hospitality and Infrastructure Limited
NSE:HAVISHA
|
$2.66 Million |
|
Staffing 360 Solutions Inc
NASDAQ:STAF
|
$2.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TECH INVEST GROUP ZY-02's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,046,470 to 5,647,314, a change of -399,156 (-6.6%).
- Net loss of 399,156 reduced equity.
- Dividend payments of 158,524 reduced retained earnings.
- Other factors increased equity by 158,524.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-399.16K | -7.07% |
| Dividends Paid | €158.52K | -2.81% |
| Other Changes | €158.52K | +2.81% |
| Total Change | €- | -6.60% |
Book Value vs Market Value Analysis
This analysis compares TECH INVEST GROUP ZY-02'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: 0.40x
- 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 increased from 0.23x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.06 | €0.01 | x |
| 2022-12-31 | €0.03 | €0.01 | x |
| 2023-12-31 | €0.03 | €0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TECH INVEST GROUP ZY-02 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): -7.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.87%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 3.00x
- Recent ROE (-7.07%) is above the historical average (-24.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.39% | -0.04% | 3.76x | 2.47x | €-1.03 Million |
| 2022 | -64.71% | -4.76% | 4.27x | 3.18x | €-4.52 Million |
| 2023 | -7.07% | -1.87% | 1.26x | 3.00x | €-963.89K |
Industry Comparison
This section compares TECH INVEST GROUP ZY-02's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $10,540,996,433
- Average return on equity (ROE) among peers: 5.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TECH INVEST GROUP ZY-02 (6N2) | €2.51 Million | -0.39% | 3.54x | $2.66 Million |
| Xinyi Solar Holdings Ltd (13X) | $7.43 Billion | 26.73% | 1.26x | $3.37 Billion |
| XINYI SOLAR UNSP.ADR/20 (13X0) | $31.51 Billion | 10.70% | 0.44x | $2.88 Billion |
| FLAT GLASS GROUP H YC-25 (72T) | $11.81 Billion | 17.95% | 0.70x | $490.59 Million |
| COMTEC SOLAR SYS HD -004 (8C11) | $-113.46 Million | 0.00% | 0.00x | $10.53 Million |
| XINTE ENERGY CO. CL.H YC1 (9M7) | $41.23 Billion | 10.54% | 1.08x | $305.65 Million |
| 7C Solarparken AG (HRPK) | $227.18 Million | 10.35% | 1.42x | $130.67 Million |
| Global PVQ SE (QCE) | $882.70 Million | 2.14% | 1.47x | $329.86K |
| SMA Solar Technology AG (S92) | $410.41 Million | -5.60% | 1.56x | $1.10 Billion |
| Solartron Public Company Limited (TUUF) | $1.48 Billion | -25.93% | 1.01x | $75.57 |
About TECH INVEST GROUP ZY-02
Erato Energy S.A. engages in the photovoltaic installation business in Poland. It offers photovoltaic design, assembly, and installation services for homes, businesses, industries, and farmers. The company was formerly known as Erato Energy Alternatywna Spólka Inwestycyjna Spólka Akcyjna and changed its name to Erato Energy S.A. in February 2022. The company was incorporated in 2010 and is headqu… Read more