Fiera Milano SpA
Fiera Milano S.p.A., together with its subsidiaries, engages in hosting exhibitions, fairs, and other events in Italy and internationally. It operates through Italian Exhibitions Business, Foreign Exhibitions Business, and Congresses segments. The company is involved in hosting conferences and training courses; promoting and making available equipped exhibition spaces; staging of exhibitions; and… Read more
Fiera Milano SpA (FM3) - Net Assets
Latest net assets as of September 2025: €149.88 Million EUR
Based on the latest financial reports, Fiera Milano SpA (FM3) has net assets worth €149.88 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€745.17 Million) and total liabilities (€595.29 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 | €149.88 Million |
| % of Total Assets | 20.11% |
| Annual Growth Rate | 12.39% |
| 5-Year Change | 148.41% |
| 10-Year Change | N/A |
| Growth Volatility | 31.82 |
Fiera Milano SpA - Net Assets Trend (2016–2024)
This chart illustrates how Fiera Milano SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fiera Milano SpA (2016–2024)
The table below shows the annual net assets of Fiera Milano SpA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €157.07 Million | +5.82% |
| 2023-12-31 | €148.43 Million | +39.77% |
| 2022-12-31 | €106.19 Million | -2.56% |
| 2021-12-31 | €108.98 Million | +72.36% |
| 2020-12-31 | €63.23 Million | -41.37% |
| 2019-12-31 | €107.86 Million | +31.38% |
| 2018-12-31 | €82.09 Million | +30.24% |
| 2017-12-31 | €63.03 Million | +2.20% |
| 2016-12-31 | €61.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fiera Milano SpA'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 12119500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €103.17 Million | 65.86% |
| Other Components | €53.49 Million | 34.14% |
| Total Equity | €156.66 Million | 100.00% |
Fiera Milano SpA Competitors by Market Cap
The table below lists competitors of Fiera Milano SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nextensa NV
BR:NEXTA
|
$93.65 Million |
|
DEFAMA Deutsche Fachmarkt AG
XETRA:DEF
|
$93.65 Million |
|
Asia Plus Group Holdings PCL
BK:ASP
|
$93.67 Million |
|
Pharmosa Biopharm Inc.
TWO:6875
|
$93.73 Million |
|
Exchange Bank
PINK:EXSR
|
$93.63 Million |
|
Golden Long Teng Development Co Ltd
TWO:3188
|
$93.62 Million |
|
Lyons Bancorp Inc
OTCQX:LYBC
|
$93.62 Million |
|
Vantage Drilling International
PINK:VTDRF
|
$93.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fiera Milano SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 147,896,000 to 156,664,000, a change of 8,768,000 (5.9%).
- Net income of 19,273,000 contributed positively to equity growth.
- Dividend payments of 9,960,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €19.27 Million | +12.3% |
| Dividends Paid | €9.96 Million | -6.36% |
| Other Changes | €-545.00K | -0.35% |
| Total Change | €- | 5.93% |
Book Value vs Market Value Analysis
This analysis compares Fiera Milano SpA'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: 3.29x
- 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 8.27x to 3.29x 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 | €0.88 | €7.28 | x |
| 2018-12-31 | €1.16 | €7.28 | x |
| 2019-12-31 | €1.51 | €7.28 | x |
| 2020-12-31 | €0.88 | €7.28 | x |
| 2021-12-31 | €1.51 | €7.28 | x |
| 2022-12-31 | €1.48 | €7.28 | x |
| 2023-12-31 | €2.08 | €7.28 | x |
| 2024-12-31 | €2.21 | €7.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fiera Milano SpA 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): 12.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.06%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 4.20x
- Recent ROE (12.30%) is above the historical average (5.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -37.36% | -10.31% | 0.90x | 4.03x | €-28.89 Million |
| 2017 | 2.62% | 0.60% | 1.22x | 3.55x | €-4.61 Million |
| 2018 | 22.98% | 7.62% | 1.10x | 2.75x | €10.64 Million |
| 2019 | 32.09% | 12.31% | 0.38x | 6.85x | €23.70 Million |
| 2020 | -53.98% | -46.10% | 0.11x | 10.38x | €-40.23 Million |
| 2021 | 40.95% | 34.19% | 0.17x | 7.06x | €33.53 Million |
| 2022 | -5.30% | -2.54% | 0.31x | 6.79x | €-16.16 Million |
| 2023 | 30.74% | 16.02% | 0.38x | 5.10x | €30.68 Million |
| 2024 | 12.30% | 7.06% | 0.41x | 4.20x | €3.61 Million |
Industry Comparison
This section compares Fiera Milano SpA's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $115,279,105
- Average return on equity (ROE) among peers: 18.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fiera Milano SpA (FM3) | €149.88 Million | -37.36% | 3.97x | $93.64 Million |
| ID Logistics SAS (1ID) | $107.97 Million | 16.67% | 3.97x | $961.68 Million |
| Karnov Group AB (publ) (3UA) | $625.21 Million | -8.15% | 4.43x | $495.03 Million |
| Cimpress plc (3UF) | $93.95 Million | 46.55% | 16.59x | $970.93 Million |
| Bastogi S.p.A (BAOA) | $88.15 Million | 4.16% | 2.55x | $12.86 Million |
| ENGILITY HLDGS (EH2) | $29.49 Million | 10.49% | 2.59x | $18.24 Million |
| Francotyp-Postalia Holding AG (FPH) | $15.74 Million | 2.32% | 9.60x | $3.67 Million |
| A-Smart Holdings Ltd. (IOTA) | $20.11 Million | 0.56% | 0.40x | $4.72 Million |
| Mha Plc (MU2) | $50.86 Million | 86.50% | 1.02x | $87.91 Million |
| NorCom Information Technology GmbH & Co. KGaA (NC5A) | $6.04 Million | 10.92% | 1.06x | $2.02 Million |