Recticel SA/NV
Recticel SA/NV, an insulation company, provides thermal and thermo-acoustic solutions in Belgium, France, the Netherlands, Germany, Slovenia, other European Union countries, the United Kingdom, the United States, and internationally. It offers thermal insulation boards consist of high-performance polyisocyanurate (PIR) foam used in various residential and non-residential applications; thermal aco… Read more
Recticel SA/NV (RCZ) - Net Assets
Latest net assets as of June 2025: €426.30 Million EUR
Based on the latest financial reports, Recticel SA/NV (RCZ) has net assets worth €426.30 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€692.57 Million) and total liabilities (€266.27 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 | €426.30 Million |
| % of Total Assets | 61.55% |
| Annual Growth Rate | 8.22% |
| 5-Year Change | 32.96% |
| 10-Year Change | 78.8% |
| Growth Volatility | 15.56 |
Recticel SA/NV - Net Assets Trend (2013–2024)
This chart illustrates how Recticel SA/NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Recticel SA/NV (2013–2024)
The table below shows the annual net assets of Recticel SA/NV from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €445.13 Million | +1.63% |
| 2023-12-31 | €437.99 Million | -2.00% |
| 2022-12-31 | €446.94 Million | +14.22% |
| 2021-12-31 | €391.31 Million | +16.88% |
| 2020-12-31 | €334.78 Million | +21.56% |
| 2019-12-31 | €275.40 Million | +3.93% |
| 2018-12-31 | €264.98 Million | +1.22% |
| 2017-12-31 | €261.79 Million | +4.21% |
| 2016-12-31 | €251.21 Million | +0.90% |
| 2015-12-31 | €248.96 Million | +49.83% |
| 2014-12-31 | €166.16 Million | -11.03% |
| 2013-12-31 | €186.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Recticel SA/NV'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 376.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €162.49 Million | 36.63% |
| Other Components | €281.11 Million | 63.37% |
| Total Equity | €443.60 Million | 100.00% |
Recticel SA/NV Competitors by Market Cap
The table below lists competitors of Recticel SA/NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SVOLDER AB B O.N.
F:SKD
|
$396.47 Million |
|
Guangdong Feinan Resources Recycling Co Ltd
SHE:301500
|
$396.55 Million |
|
PAX Global Technology Limited
PINK:PXGYF
|
$396.58 Million |
|
PT. Mitra Adiperkasa Tbk
F:QGI
|
$396.59 Million |
|
Gujarat Narmada Valley Fertilizers and Chemicals Limited
NSE:GNFC
|
$396.41 Million |
|
HarborOne Bancorp Inc
NASDAQ:HONE
|
$396.28 Million |
|
Fitipower Integrated Technology Inc
TW:4961
|
$396.25 Million |
|
Shenzhen Sea Star Technology
SHE:002137
|
$396.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Recticel SA/NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 436,281,000 to 443,602,000, a change of 7,321,000 (1.7%).
- Net income of 18,132,000 contributed positively to equity growth.
- Dividend payments of 17,344,000 reduced retained earnings.
- Other factors increased equity by 6,533,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.13 Million | +4.09% |
| Dividends Paid | €17.34 Million | -3.91% |
| Other Changes | €6.53 Million | +1.47% |
| Total Change | €- | 1.68% |
Book Value vs Market Value Analysis
This analysis compares Recticel SA/NV'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: 1.23x
- 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 2.01x to 1.23x 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 | €4.81 | €9.67 | x |
| 2018-12-31 | €4.83 | €9.67 | x |
| 2019-12-31 | €4.99 | €9.67 | x |
| 2020-12-31 | €6.03 | €9.67 | x |
| 2021-12-31 | €7.01 | €9.67 | x |
| 2022-12-31 | €7.96 | €9.67 | x |
| 2023-12-31 | €7.80 | €9.67 | x |
| 2024-12-31 | €7.88 | €9.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Recticel SA/NV 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.58x
- Recent ROE (4.09%) is below the historical average (5.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -19.35% | -3.70% | 1.59x | 3.28x | €-54.81 Million |
| 2014 | -5.87% | -0.99% | 1.54x | 3.84x | €-26.37 Million |
| 2015 | 1.82% | 0.44% | 1.53x | 2.72x | €-20.35 Million |
| 2016 | 6.50% | 1.56% | 1.51x | 2.76x | €-8.79 Million |
| 2017 | 9.13% | 2.11% | 1.55x | 2.79x | €-2.27 Million |
| 2018 | 10.89% | 2.58% | 1.52x | 2.78x | €2.35 Million |
| 2019 | 9.01% | 2.38% | 1.29x | 2.92x | €-2.71 Million |
| 2020 | 18.90% | 7.62% | 1.19x | 2.09x | €29.74 Million |
| 2021 | 13.73% | 5.18% | 0.98x | 2.71x | €14.54 Million |
| 2022 | 14.20% | 11.25% | 0.52x | 2.42x | €18.67 Million |
| 2023 | 0.76% | 0.63% | 0.80x | 1.51x | €-40.32 Million |
| 2024 | 4.09% | 2.97% | 0.87x | 1.58x | €-26.23 Million |
Industry Comparison
This section compares Recticel SA/NV's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $524,224,331
- Average return on equity (ROE) among peers: -13.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Recticel SA/NV (RCZ) | €426.30 Million | -19.35% | 0.62x | $396.43 Million |
| Zenergy AB (publ) (8T40) | $3.46 Million | -123.17% | 7.15x | $42.23K |
| CHINA GLASS HLDGS (C8G1) | $3.38 Billion | 21.80% | 2.07x | $187.21 Million |
| Centrotec SE (CEV) | $298.02 Million | 19.38% | 1.78x | $620.50 Million |
| Borgestad ASA (H460) | $755.84 Million | -10.36% | 0.86x | $8.86 Million |
| Natural Cool Holdings Limited (N7E) | $15.53 Million | 8.93% | 5.06x | $2.11 Million |
| STEULER FLIESENGRUPPE (NST) | $41.06 Million | -7.92% | 1.48x | $9.80 |
| E-Globe S.p.A. (NZ0) | $9.64 Million | -18.35% | 1.18x | $3.99K |
| Roy Ceramics AG (RY8) | $135.67 Million | -18.57% | 0.03x | $13.68K |
| InnoTec TSS AG (TSS) | $80.77 Million | 10.41% | 0.29x | $38.76 Million |