TechTarget Inc
TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized ma… Read more
TechTarget Inc (EFT) - Net Assets
Latest net assets as of June 2024: €236.81 Million EUR
Based on the latest financial reports, TechTarget Inc (EFT) has net assets worth €236.81 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€717.15 Million) and total liabilities (€480.34 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 | €236.81 Million |
| % of Total Assets | 33.02% |
| Annual Growth Rate | 4.06% |
| 5-Year Change | 45.75% |
| 10-Year Change | N/A |
| Growth Volatility | 14.8 |
TechTarget Inc - Net Assets Trend (2014–2023)
This chart illustrates how TechTarget Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TechTarget Inc (2014–2023)
The table below shows the annual net assets of TechTarget Inc from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €222.93 Million | +2.51% |
| 2022-12-31 | €217.47 Million | -2.37% |
| 2021-12-31 | €222.76 Million | +10.00% |
| 2020-12-31 | €202.51 Million | +32.40% |
| 2019-12-31 | €152.95 Million | +15.36% |
| 2018-12-31 | €132.59 Million | +9.80% |
| 2017-12-31 | €120.75 Million | +2.71% |
| 2016-12-31 | €117.56 Million | -26.52% |
| 2015-12-31 | €160.00 Million | +2.67% |
| 2014-12-31 | €155.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TechTarget Inc'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 11080000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €84.83 Million | 38.05% |
| Other Components | €138.09 Million | 61.95% |
| Total Equity | €222.93 Million | 100.00% |
TechTarget Inc Competitors by Market Cap
The table below lists competitors of TechTarget Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Sunrise Technology Co Ltd
SHE:300360
|
$682.09 Million |
|
Brightsphere Investment Group Inc
NYSE:BSIG
|
$682.27 Million |
|
Zehnder
SW:ZEHN
|
$682.76 Million |
|
Xiamen Red Phase Instruments Inc
SHE:300427
|
$682.87 Million |
|
Victrex plc
PINK:VTXPF
|
$682.05 Million |
|
Olav Thon Eien
OL:OLT
|
$681.70 Million |
|
freee K.K
PINK:FREKF
|
$681.68 Million |
|
NFI Group Inc
PINK:NFYEF
|
$681.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TechTarget Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 217,474,000 to 222,927,000, a change of 5,453,000 (2.5%).
- Net income of 4,461,000 contributed positively to equity growth.
- Share repurchases of 83,852,000 reduced equity.
- Other factors increased equity by 84,844,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.46 Million | +2.0% |
| Share Repurchases | €83.85 Million | -37.61% |
| Other Changes | €84.84 Million | +38.06% |
| Total Change | €- | 2.51% |
Book Value vs Market Value Analysis
This analysis compares TechTarget Inc'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: 3.82x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.83x to 3.82x 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 | €4.39 | €30.00 | x |
| 2018-12-31 | €4.77 | €30.00 | x |
| 2019-12-31 | €5.43 | €30.00 | x |
| 2020-12-31 | €7.20 | €30.00 | x |
| 2021-12-31 | €7.52 | €30.00 | x |
| 2022-12-31 | €7.49 | €30.00 | x |
| 2023-12-31 | €7.85 | €30.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TechTarget Inc 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): 2.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.94%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 3.14x
- Recent ROE (2.00%) is below the historical average (6.56%), 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 | 2.62% | 3.84% | 0.60x | 1.14x | €-11.50 Million |
| 2015 | 4.49% | 6.43% | 0.63x | 1.11x | €-8.81 Million |
| 2016 | 2.06% | 2.27% | 0.63x | 1.45x | €-9.34 Million |
| 2017 | 5.63% | 6.27% | 0.63x | 1.43x | €-5.27 Million |
| 2018 | 9.77% | 10.68% | 0.69x | 1.33x | €-303.50K |
| 2019 | 11.03% | 12.60% | 0.60x | 1.45x | €1.58 Million |
| 2020 | 8.43% | 11.50% | 0.32x | 2.25x | €-3.18 Million |
| 2021 | 0.43% | 0.36% | 0.33x | 3.54x | €-21.33 Million |
| 2022 | 19.13% | 13.99% | 0.39x | 3.52x | €19.86 Million |
| 2023 | 2.00% | 1.94% | 0.33x | 3.14x | €-17.83 Million |
Industry Comparison
This section compares TechTarget Inc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TechTarget Inc (EFT) | €236.81 Million | 2.62% | 2.03x | $682.09 Million |
| Hanna Capital Corp (04U1) | $-79.29K | 0.00% | 0.00x | $116.52K |
| WESTMINSTER RES (08W) | $5.62 Million | -3.29% | 0.10x | $5.16 Million |
| Axonics Inc (0I3) | $482.44 Million | -16.60% | 0.14x | $3.29 Billion |
| Global Bioenergies SA (1DK) | $9.23 Million | -118.16% | 1.79x | $369.68K |
| GIEAG Immobilien AG (2GI) | $68.16 Million | -4.05% | 4.40x | $14.69K |
| 2invest AG (2INV) | $84.50 Million | 65.13% | 0.01x | $13.67 Million |
| PT Central Proteina Prima Tbk (4PT) | $3.18 Trillion | 11.74% | 1.15x | $6.90 Million |
| Eurobattery Minerals AB (5KD) | $57.72 Million | -326.44% | 2.20x | $77.17 Million |
| DGH Deutsche Grundwert Holding AG (5TR) | $0.00 | 0.00% | 0.00x | $16.88K |
| SOFTCHOICE CORP. (90Q) | $-27.47 Million | 0.00% | 0.00x | $470.36 Million |