HIGH QUALITY FOOD (L24) - Net Assets
Based on the latest financial reports, HIGH QUALITY FOOD (L24) has net assets worth €8.35 Million EUR (≈ $9.77 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€23.62 Million ≈ $27.62 Million USD) and total liabilities (€15.27 Million ≈ $17.85 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 L24 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €8.35 Million |
| % of Total Assets | 35.37% |
| Annual Growth Rate | 30.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.81 |
HIGH QUALITY FOOD - Net Assets Trend (2022–2024)
This chart illustrates how HIGH QUALITY FOOD's net assets have evolved over time, based on quarterly financial data. Also explore L24 total assets for the complete picture of this company's asset base.
Annual Net Assets for HIGH QUALITY FOOD (2022–2024)
The table below shows the annual net assets of HIGH QUALITY FOOD from 2022 to 2024. For live valuation and market cap data, see market value of HIGH QUALITY FOOD.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €8.35 Million ≈ $9.77 Million |
+5.09% |
| 2023-12-31 | €7.95 Million ≈ $9.29 Million |
+62.70% |
| 2022-12-31 | €4.89 Million ≈ $5.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HIGH QUALITY FOOD'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 74491400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €43.08K | 0.53% |
| Other Components | €8.10 Million | 99.47% |
| Total Equity | €8.14 Million | 100.00% |
HIGH QUALITY FOOD Competitors by Market Cap
The table below lists competitors of HIGH QUALITY FOOD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROCCA SA ZY -05
F:82J
|
$5.14 Million |
|
CGN Resources Ltd
AU:CGR
|
$5.15 Million |
|
THOR MNG CUFS/1LS- 00001
F:T5MB
|
$5.15 Million |
|
Willow Biosciences Inc
TO:WLLW
|
$5.15 Million |
|
Mittal Life Style Limited
NSE:MITTAL
|
$5.14 Million |
|
Catella AB A
ST:CAT-A
|
$5.14 Million |
|
Rayong Wire Industries Public Company Limited
BK:RWI
|
$5.14 Million |
|
Better Choice Company Inc
NYSE MKT:BTTR
|
$5.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HIGH QUALITY FOOD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,967,994 to 8,138,520, a change of 170,526 (2.1%).
- Net income of 152,329 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €152.33K | +1.87% |
| Other Changes | €18.20K | +0.22% |
| Total Change | €- | 2.14% |
Book Value vs Market Value Analysis
This analysis compares HIGH QUALITY FOOD'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: 0.64x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.85x to 0.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €0.55 | €0.47 | x |
| 2023-12-31 | €0.71 | €0.47 | x |
| 2024-12-31 | €0.73 | €0.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HIGH QUALITY FOOD 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): 1.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.80%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.90x
- Recent ROE (1.87%) is below the historical average (5.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 7.13% | 1.79% | 1.11x | 3.60x | €-140.19K |
| 2023 | 7.34% | 2.91% | 0.94x | 2.67x | €-212.32K |
| 2024 | 1.87% | 0.80% | 0.80x | 2.90x | €-661.52K |
Industry Comparison
This section compares HIGH QUALITY FOOD's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $2,949,266,600
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HIGH QUALITY FOOD (L24) | €8.35 Million | 7.13% | 1.83x | $5.14 Million |
| Kernel Holding SA (0KE) | $1.69 Billion | -2.44% | 1.48x | $1.39 Billion |
| BUNZL PLC ADR/ LS-3214857 (BUZ) | $2.72 Billion | 17.44% | 2.19x | $8.59 Billion |
| JERONIMO MARTINS UN.ADR/2 (JEM0) | $3.07 Billion | 24.65% | 3.66x | $13.46 Billion |
| OLAM GROUP LTD (K25) | $7.17 Billion | 6.20% | 4.43x | $3.00 Billion |
| WASGAU Produktions & Handels AG (MSH) | $105.80 Million | 5.13% | 2.31x | $57.42 Million |
About HIGH QUALITY FOOD
High Quality Food S.p.A. engages in the production, transformation, and distribution of food products in Italy and internationally. It offers meat, cured meat, cheese, fish, shellfish and caviar, fruits, vegetables and herbs, rice and pasta, oils, vinegars and essences, flours, cereals, legumes and yeasts, salts, spices and sugars, mushrooms and truffles, eggs, milk and related derivatives, sweet… Read more