BELLINI NAUTICA S.P.A. (F2F) - Net Assets
Based on the latest financial reports, BELLINI NAUTICA S.P.A. (F2F) has net assets worth €11.50 Million EUR (≈ $13.45 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€31.94 Million ≈ $37.35 Million USD) and total liabilities (€20.44 Million ≈ $23.90 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 BELLINI NAUTICA S.P.A. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.50 Million |
| % of Total Assets | 36.01% |
| Annual Growth Rate | 44.44% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 62.32 |
BELLINI NAUTICA S.P.A. - Net Assets Trend (2021–2025)
This chart illustrates how BELLINI NAUTICA S.P.A.'s net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of BELLINI NAUTICA S.P.A. to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for BELLINI NAUTICA S.P.A. (2021–2025)
The table below shows the annual net assets of BELLINI NAUTICA S.P.A. from 2021 to 2025. For live valuation and market cap data, see F2F stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €11.50 Million ≈ $13.45 Million |
+57.41% |
| 2024-12-31 | €7.31 Million ≈ $8.54 Million |
-2.08% |
| 2023-12-31 | €7.46 Million ≈ $8.73 Million |
+10.19% |
| 2022-12-31 | €6.77 Million ≈ $7.92 Million |
+156.31% |
| 2021-12-31 | €2.64 Million ≈ $3.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to BELLINI NAUTICA S.P.A.'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 76.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.25 Million | 23.20% |
| Other Components | €7.44 Million | 76.80% |
| Total Equity | €9.69 Million | 100.00% |
BELLINI NAUTICA S.P.A. Competitors by Market Cap
The table below lists competitors of BELLINI NAUTICA S.P.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Diagnos Inc
V:ADK
|
$16.21 Million |
|
Sun&L Co Ltd
KO:002820
|
$16.21 Million |
|
Crookes Brothers Ltd
JSE:CKS
|
$16.21 Million |
|
Pungkang Co. Ltd
KQ:093380
|
$16.21 Million |
|
TG Metals Ltd
AU:TG6
|
$16.20 Million |
|
E for L Aim Public Company Limited
BK:EFORL
|
$16.20 Million |
|
Modernland Realty Ltd Tbk
JK:MDLN
|
$16.20 Million |
|
TFP Solutions Bhd
KLSE:0145
|
$16.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BELLINI NAUTICA S.P.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,117,088 to 9,692,463, a change of 2,575,375 (36.2%).
- Net income of 87,655 contributed positively to equity growth.
- New share issuances of 2,194,929 increased equity.
- Other factors increased equity by 292,791.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €87.66K | +0.9% |
| Share Issuances | €2.19 Million | +22.65% |
| Other Changes | €292.79K | +3.02% |
| Total Change | €- | 36.19% |
Book Value vs Market Value Analysis
This analysis compares BELLINI NAUTICA S.P.A.'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: 1.88x
- 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 6.87x to 1.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.42 | €2.86 | x |
| 2022-12-31 | €1.06 | €2.86 | x |
| 2023-12-31 | €1.13 | €2.86 | x |
| 2024-12-31 | €1.12 | €2.86 | x |
| 2025-12-31 | €1.52 | €2.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BELLINI NAUTICA S.P.A. 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): 0.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.37%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 3.30x
- Recent ROE (0.90%) is below the historical average (11.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 48.13% | 12.41% | 1.22x | 3.17x | €1.01 Million |
| 2022 | 9.96% | 5.07% | 0.92x | 2.14x | €-2.97K |
| 2023 | 3.33% | 2.05% | 0.66x | 2.47x | €-482.48K |
| 2024 | -2.82% | -0.99% | 0.99x | 2.87x | €-912.32K |
| 2025 | 0.90% | 0.37% | 0.75x | 3.30x | €-881.59K |
Industry Comparison
This section compares BELLINI NAUTICA S.P.A.'s net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $498,066,000
- Average return on equity (ROE) among peers: 7.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BELLINI NAUTICA S.P.A. (F2F) | €11.50 Million | 48.13% | 1.78x | $16.20 Million |
| FERRETTI S.P.A. O.N. (F3T1) | $498.07 Million | 7.54% | 1.10x | $1.20 Billion |
About BELLINI NAUTICA S.P.A.
Bellini Nautica S.p.A. engages in the sale of new and used yachts. It provides boat storage and harbour services; boat transfer and transportation; boat refitting and painting; mechanical assistance and maintenance; technical counseling and naval procedures. The company is also involved in the sale of new and used boats and customer support services; Riva vintage restoration and trading activitie… Read more