Coreo AG
Coreo AG operates as a real estate company in Germany. The company is involved in investment, acquisition, development, and management of medium-sized residential properties. Coreo AG was formerly known as Nanostart AG. The company was founded in 2003 and is headquartered in Frankfurt am Main, Germany.
Coreo AG (CORE) - Net Assets
Latest net assets as of December 2023: €20.04 Million EUR
Based on the latest financial reports, Coreo AG (CORE) has net assets worth €20.04 Million EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€94.78 Million) and total liabilities (€74.74 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 | €20.04 Million |
| % of Total Assets | 21.14% |
| Annual Growth Rate | 0.4% |
| 5-Year Change | -29.24% |
| 10-Year Change | N/A |
| Growth Volatility | 28.42 |
Coreo AG - Net Assets Trend (2015–2023)
This chart illustrates how Coreo AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Coreo AG (2015–2023)
The table below shows the annual net assets of Coreo AG from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €20.04 Million | -34.28% |
| 2022-12-31 | €30.49 Million | +12.56% |
| 2021-12-31 | €27.09 Million | -7.53% |
| 2020-12-31 | €29.30 Million | +3.44% |
| 2019-12-31 | €28.32 Million | -6.35% |
| 2018-12-31 | €30.24 Million | +65.61% |
| 2017-12-31 | €18.26 Million | +19.59% |
| 2016-12-31 | €15.27 Million | -21.35% |
| 2015-12-31 | €19.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Coreo AG'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 2032245900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €47.15 Million | 233.70% |
| Total Equity | €20.18 Million | 100.00% |
Coreo AG Competitors by Market Cap
The table below lists competitors of Coreo AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Investec plc
LSE:INVR
|
$713.57K |
|
First Energy Metals Ltd
OTCQB:FEMFF
|
$713.72K |
|
Elron Electronic Industries Ltd
TA:ELRN
|
$715.25K |
|
SODEP-Marsa Maroc
BC:SODEP-Marsa-Maroc
|
$715.83K |
|
Hestia Insight Inc
OTCQB:HSTA
|
$712.45K |
|
RECKITT BENCK GRP - Dusseldorf Stock Exchang
DU:3RB
|
$712.40K |
|
Emmaus Life Sciences Inc
OTCQB:EMMA
|
$712.27K |
|
SYROS PHARMAC.NEW DL-001
F:0S90
|
$712.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coreo AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 30,454,000 to 20,175,000, a change of -10,279,000 (-33.8%).
- Net loss of 10,441,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-10.44 Million | -51.75% |
| Other Changes | €162.00K | +0.8% |
| Total Change | €- | -33.75% |
Book Value vs Market Value Analysis
This analysis compares Coreo AG'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: 2.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.25x to 2.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.85 | €2.33 | x |
| 2018-12-31 | €1.89 | €2.33 | x |
| 2019-12-31 | €1.77 | €2.33 | x |
| 2020-12-31 | €1.66 | €2.33 | x |
| 2021-12-31 | €1.53 | €2.33 | x |
| 2022-12-31 | €1.35 | €2.33 | x |
| 2023-12-31 | €0.89 | €2.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coreo AG 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): -51.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -137.40%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 4.70x
- Recent ROE (-51.75%) is below the historical average (-14.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -28.58% | -253623.72% | 0.00x | 1.01x | €-7.49 Million |
| 2016 | -47.58% | -5300221.84% | 0.00x | 1.02x | €-8.79 Million |
| 2017 | 16.38% | 5073.55% | 0.00x | 1.02x | €1.17 Million |
| 2018 | 5.40% | 17.50% | 0.14x | 2.27x | €-1.38 Million |
| 2019 | -3.00% | -14.22% | 0.09x | 2.36x | €-3.66 Million |
| 2020 | -8.31% | -24.72% | 0.12x | 2.90x | €-5.34 Million |
| 2021 | -3.43% | -6.23% | 0.15x | 3.60x | €-3.63 Million |
| 2022 | -6.13% | -20.80% | 0.09x | 3.46x | €-4.91 Million |
| 2023 | -51.75% | -137.40% | 0.08x | 4.70x | €-12.46 Million |
Industry Comparison
This section compares Coreo AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $7,323,327,296
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Coreo AG (CORE) | €20.04 Million | -28.58% | 3.73x | $712.58K |
| Intea Fastigheter AB (publ) (1DZ0) | $7.21 Billion | 27.32% | 1.57x | $1.64 Billion |
| The RMR Group Inc (26R) | $540.90 Million | 5.32% | 0.28x | $202.36 Million |
| Latvian Forest Company AB (publ) (2FD) | $33.43 Million | 0.82% | 0.28x | $19.28 Million |
| PHN (2PN) | $2.28 Billion | 3.03% | 0.66x | $30.69 Million |
| RomReal Limited (3RR) | $16.64 Million | 2.97% | 0.03x | $999.26K |
| Red Star Macalline Group Corporation Ltd (3S5) | $57.53 Billion | 3.56% | 1.35x | $234.20 Million |
| AMASTEN (4M2B) | $5.21 Billion | 11.02% | 1.33x | $207.35 Million |
| ZUEBLIN IMMO.H.NAM.SF22,5 (61Z1) | $141.97 Million | 6.12% | 0.69x | $138.66 Million |
| Accentro Real Estate AG (A4Y) | $136.84 Million | 19.21% | 1.20x | $104.15 |
| Hasen-Immobilien AG (ABHA) | $136.91 Million | 3.44% | 0.62x | $6.07 Million |