AS Tallinna Vesi
AS Tallinna Vesi, a water utility company, provides drinking water and wastewater services in Estonia. It operates through three segments: Water Services, Construction Services, and Other Services. The company provides fire hydrants service, overpollution charges, and discharging; road maintenance, jet wash, and transport services; and project management, owner supervision, and other activities. … Read more
AS Tallinna Vesi (A1T) - Net Assets
Latest net assets as of June 2025: €114.36 Million EUR
Based on the latest financial reports, AS Tallinna Vesi (A1T) has net assets worth €114.36 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€329.79 Million) and total liabilities (€215.43 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 | €114.36 Million |
| % of Total Assets | 34.68% |
| Annual Growth Rate | 3.26% |
| 5-Year Change | 7.04% |
| 10-Year Change | 34.99% |
| Growth Volatility | 7.16 |
AS Tallinna Vesi - Net Assets Trend (2014–2024)
This chart illustrates how AS Tallinna Vesi's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AS Tallinna Vesi (2014–2024)
The table below shows the annual net assets of AS Tallinna Vesi from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €120.15 Million | +2.63% |
| 2023-12-31 | €117.07 Million | +5.63% |
| 2022-12-31 | €110.83 Million | -3.98% |
| 2021-12-31 | €115.42 Million | +2.82% |
| 2020-12-31 | €112.25 Million | -2.83% |
| 2019-12-31 | €115.52 Million | +12.42% |
| 2018-12-31 | €102.77 Million | +19.75% |
| 2017-12-31 | €85.82 Million | -4.00% |
| 2016-12-31 | €89.40 Million | +0.44% |
| 2015-12-31 | €89.01 Million | +2.13% |
| 2014-12-31 | €87.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AS Tallinna Vesi'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 62.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €82.14 Million | 68.36% |
| Other Components | €38.01 Million | 31.64% |
| Total Equity | €120.15 Million | 100.00% |
AS Tallinna Vesi Competitors by Market Cap
The table below lists competitors of AS Tallinna Vesi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SDI Group plc
PINK:SDIIF
|
$58.54 Million |
|
Muthoot Microfin Limited
NSE:MUTHOOTMF
|
$58.56 Million |
|
GIC Housing Finance Limited
NSE:GICHSGFIN
|
$58.58 Million |
|
Daewonkangup
KO:000430
|
$58.61 Million |
|
RS Public Company Limited
BK:RS-R
|
$58.53 Million |
|
CTCBIO Inc
KQ:060590
|
$58.53 Million |
|
Bank of Botetourt
PINK:BORTP
|
$58.52 Million |
|
Currency Exchange International Corp
PINK:CURN
|
$58.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AS Tallinna Vesi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 117,070,000 to 120,153,000, a change of 3,083,000 (2.6%).
- Net income of 13,283,000 contributed positively to equity growth.
- Dividend payments of 10,069,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €13.28 Million | +11.06% |
| Dividends Paid | €10.07 Million | -8.38% |
| Other Changes | €-131.00K | -0.11% |
| Total Change | €- | 2.63% |
Book Value vs Market Value Analysis
This analysis compares AS Tallinna Vesi'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: 1.93x
- 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 2.70x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.29 | €11.60 | x |
| 2018-12-31 | €5.14 | €11.60 | x |
| 2019-12-31 | €5.78 | €11.60 | x |
| 2020-12-31 | €5.61 | €11.60 | x |
| 2021-12-31 | €5.77 | €11.60 | x |
| 2022-12-31 | €5.54 | €11.60 | x |
| 2023-12-31 | €5.85 | €11.60 | x |
| 2024-12-31 | €6.01 | €11.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AS Tallinna Vesi 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): 11.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.63%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.61x
- Recent ROE (11.06%) is below the historical average (16.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 20.59% | 33.70% | 0.26x | 2.36x | €9.23 Million |
| 2015 | 22.31% | 35.51% | 0.27x | 2.35x | €10.96 Million |
| 2016 | 20.57% | 31.18% | 0.28x | 2.39x | €9.45 Million |
| 2017 | 8.41% | 12.07% | 0.26x | 2.66x | €-1.36 Million |
| 2018 | 23.50% | 38.47% | 0.25x | 2.43x | €13.87 Million |
| 2019 | 24.03% | 43.77% | 0.24x | 2.28x | €16.21 Million |
| 2020 | 14.91% | 32.35% | 0.20x | 2.28x | €5.51 Million |
| 2021 | 14.01% | 30.33% | 0.21x | 2.22x | €4.62 Million |
| 2022 | 7.58% | 15.41% | 0.22x | 2.29x | €-2.68 Million |
| 2023 | 10.97% | 21.01% | 0.22x | 2.41x | €1.14 Million |
| 2024 | 11.06% | 20.63% | 0.21x | 2.61x | €1.27 Million |
Industry Comparison
This section compares AS Tallinna Vesi's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $7,913,689,433
- Average return on equity (ROE) among peers: 8.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AS Tallinna Vesi (A1T) | €114.36 Million | 20.59% | 1.88x | $58.54 Million |
| Kangda International Environmental Company Limited (27K) | $3.69 Billion | 9.06% | 2.02x | $41.48 Million |
| Luzhou Xinglu Water (Group) Co., Ltd. (2LX) | $2.84 Billion | 7.15% | 1.51x | $6.85 Million |
| Yunnan Water Investment Co. Limited (2WI) | $7.61 Billion | 4.48% | 5.21x | $3.88 Million |
| Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SAJA) | $17.51 Billion | 14.39% | 1.26x | $11.28 Billion |