AS Tallinna Vesi (A1T) - Net Assets

Latest as of June 2026: €116.55 Million EUR ≈ $136.26 Million USD

Based on the latest financial reports, AS Tallinna Vesi (A1T) has net assets worth €116.55 Million EUR (≈ $136.26 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€372.48 Million ≈ $435.46 Million USD) and total liabilities (€255.92 Million ≈ $299.20 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 asset allocation strategy of AS Tallinna Vesi to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets €116.55 Million
% of Total Assets 31.29%
Annual Growth Rate 3.24%
5-Year Change 7.26%
10-Year Change 38.48%
Growth Volatility 6.83

AS Tallinna Vesi - Net Assets Trend (2014–2025)

This chart illustrates how AS Tallinna Vesi's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see A1T market cap.

Annual Net Assets for AS Tallinna Vesi (2014–2025)

The table below shows the annual net assets of AS Tallinna Vesi from 2014 to 2025. Also explore AS Tallinna Vesi (A1T) equity growth momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 €123.80 Million
≈ $144.73 Million		 +3.03%
2024-12-31 €120.15 Million
≈ $140.47 Million		 +2.63%
2023-12-31 €117.07 Million
≈ $136.87 Million		 +5.63%
2022-12-31 €110.83 Million
≈ $129.57 Million		 -3.98%
2021-12-31 €115.42 Million
≈ $134.94 Million		 +2.82%
2020-12-31 €112.25 Million
≈ $131.24 Million		 -2.83%
2019-12-31 €115.52 Million
≈ $135.06 Million		 +12.42%
2018-12-31 €102.77 Million
≈ $120.14 Million		 +19.75%
2017-12-31 €85.82 Million
≈ $100.33 Million		 -4.00%
2016-12-31 €89.40 Million
≈ $104.51 Million		 +0.44%
2015-12-31 €89.01 Million
≈ $104.06 Million		 +2.13%
2014-12-31 €87.15 Million
≈ $101.89 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 70.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings €85.78 Million 69.29%
Other Components €38.01 Million 30.71%
Total Equity €123.80 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
Mulpha International Bhd
KLSE:3905
 $216.01 Million
Hot Chili Ltd
AU:HCH
 $216.01 Million
KABE Group AB (publ.)
ST:KABE-B
 $216.05 Million
Capitan Silver Corp.
V:CAPT
 $216.12 Million
Solvar Ltd
AU:SVR
 $215.82 Million
Hyundai Corp
KO:011760
 $215.70 Million
VIA Labs Inc
TW:6756
 $215.66 Million
Nitco Limited
NSE:NITCO
 $215.57 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 2024 to 2025, total equity changed from 120,153,000 to 123,795,000, a change of 3,642,000 (3.0%).
  • Net income of 14,242,000 contributed positively to equity growth.
  • Dividend payments of 10,600,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income €14.24 Million +11.5%
Dividends Paid €10.60 Million -8.56%
Total Change €- 3.03%

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: 1.71x
  • 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 2.47x to 1.71x 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 €10.60 x
2018-12-31 €5.14 €10.60 x
2019-12-31 €5.78 €10.60 x
2020-12-31 €5.61 €10.60 x
2021-12-31 €5.77 €10.60 x
2022-12-31 €5.54 €10.60 x
2023-12-31 €5.85 €10.60 x
2024-12-31 €6.01 €10.60 x
2025-12-31 €6.19 €10.60 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): 11.50%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 19.65%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 2.94x
  • Recent ROE (11.50%) is below the historical average (15.79%), 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% 20.41% 0.21x 2.61x €1.27 Million
2025 11.50% 19.65% 0.20x 2.94x €1.86 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: $4,706,525,199
  • Average return on equity (ROE) among peers: -1.69%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AS Tallinna Vesi (A1T) €116.55 Million 20.59% 2.20x $216.00 Million
Kangda International Environmental Company Limited (27K) $5.74 Billion 4.11% 2.30x $184.56 Million
Yunnan Water Investment Co. Limited (2WI) $4.49 Billion -21.23% 9.40x $2.98 Million
PENNON GROUP PLC UNS.ADR2 (3PN0) $1.27 Billion 1.21% 3.19x $3.04 Billion
Eastern Water Resources Development and Management Public Company Limited (7ES1) $10.81 Billion 10.34% 0.86x $217.95 Million
MEMIONTEC HOLDINGS LTD (8900) $21.66 Million 14.93% 1.55x $669.97K
CLEAN TEQ WATER LTD (9NK) $9.08 Million -47.15% 0.64x $39.63 Million
AQUA SA ZY 16 (9S0) $402.08 Million 2.50% 0.37x $34.29 Million
American Water Works Company Inc. (AWC) $6.45 Billion 10.99% 2.84x $20.87 Billion
CN EVERBRIGHT WATER HD 1 (BIU2) $13.16 Billion 9.12% 1.50x $420.55 Million

About AS Tallinna Vesi

F:A1T Germany Utilities - Regulated Water
Market Cap
$247.85 Million
€212.00 Million EUR
Market Cap Rank
#16354 Global
#1552 in Germany
Share Price
€10.60
Change (1 day)
+0.00%
52-Week Range
€10.30 - €11.95
All Time High
€13.57
Categories
Companies in Germany Utilities - Regulated Water
About

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, water supply, stormwater and wastewater collection and treatment, and discharging; road maintenance, jet wash, and transport services; and project management… Read more