Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco operates in the gaming, hotels, and rental sectors in Monaco. It operates casinos; hotels; restaurants; lounge bars and nightclubs; wellness and leisure facilities; shows and concert halls; shopping centers; and meetings and events centers. The company is also involved in the slot machines, table games, and other activities; and… Read more
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (RJ8) - Net Assets
Latest net assets as of March 2025: €1.64 Billion EUR
Based on the latest financial reports, Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (RJ8) has net assets worth €1.64 Billion EUR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.19 Billion) and total liabilities (€549.17 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 | €1.64 Billion |
| % of Total Assets | 74.95% |
| Annual Growth Rate | 11.45% |
| 5-Year Change | 189.62% |
| 10-Year Change | 150.36% |
| Growth Volatility | 38.44 |
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco - Net Assets Trend (2014–2025)
This chart illustrates how Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (2014–2025)
The table below shows the annual net assets of Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €1.64 Billion | +4.85% |
| 2024-03-31 | €1.57 Billion | +3.77% |
| 2023-03-31 | €1.51 Billion | +131.20% |
| 2022-03-31 | €653.07 Million | +15.13% |
| 2021-03-31 | €567.24 Million | -12.78% |
| 2020-03-31 | €650.35 Million | +4.38% |
| 2019-03-31 | €623.06 Million | -0.27% |
| 2018-03-31 | €624.75 Million | -2.33% |
| 2017-03-31 | €639.63 Million | -2.52% |
| 2016-03-31 | €656.17 Million | -3.56% |
| 2015-03-31 | €680.36 Million | +36.41% |
| 2014-03-31 | €498.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco'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 538.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €110.13 Million | 6.70% |
| Other Components | €1.53 Billion | 93.30% |
| Total Equity | €1.64 Billion | 100.00% |
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco Competitors by Market Cap
The table below lists competitors of Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sable Offshore Corp.
NYSE:SOC
|
$586.10 Million |
|
Beijing Urban Rural Commercial Group Co Ltd
SHG:600861
|
$586.15 Million |
|
Supalai Public Company Limited
PINK:SUPCF
|
$586.56 Million |
|
Tokyo Steel Manufacturing Co., Ltd.
PINK:TOKSF
|
$587.11 Million |
|
Shenzhen Gas Corp Ltd
SHG:601139
|
$585.93 Million |
|
Macmic Science & Technology Co Ltd
SHG:688711
|
$585.91 Million |
|
Root Inc
NASDAQ:ROOT
|
$585.76 Million |
|
Shenzhen Colibri Technologies Co Ltd
SHE:002957
|
$585.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,566,788,000 to 1,642,822,000, a change of 76,034,000 (4.9%).
- Net income of 110,134,000 contributed positively to equity growth.
- Dividend payments of 36,900,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €110.13 Million | +6.7% |
| Dividends Paid | €36.90 Million | -2.25% |
| Other Changes | €2.80 Million | +0.17% |
| Total Change | €- | 4.85% |
Book Value vs Market Value Analysis
This analysis compares Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco'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: 1.93x
- 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 4.97x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €26.07 | €129.50 | x |
| 2018-03-31 | €25.46 | €129.50 | x |
| 2019-03-31 | €25.38 | €129.50 | x |
| 2020-03-31 | €26.49 | €129.50 | x |
| 2021-03-31 | €23.11 | €129.50 | x |
| 2022-03-31 | €26.64 | €129.50 | x |
| 2023-03-31 | €61.59 | €129.50 | x |
| 2024-03-31 | €63.91 | €129.50 | x |
| 2025-03-31 | €67.01 | €129.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco 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): 6.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.34%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.33x
- Recent ROE (6.70%) is above the historical average (5.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.46% | 3.65% | 0.55x | 1.72x | €-32.60 Million |
| 2015 | 1.48% | 2.22% | 0.45x | 1.49x | €-57.96 Million |
| 2016 | -4.44% | -6.32% | 0.45x | 1.56x | €-94.73 Million |
| 2017 | -5.69% | -7.93% | 0.44x | 1.64x | €-100.30 Million |
| 2018 | -2.34% | -3.08% | 0.40x | 1.89x | €-77.01 Million |
| 2019 | 0.41% | 0.49% | 0.38x | 2.23x | €-59.65 Million |
| 2020 | 4.02% | 4.21% | 0.44x | 2.19x | €-38.82 Million |
| 2021 | -13.96% | -23.48% | 0.26x | 2.27x | €-135.76 Million |
| 2022 | 11.69% | 14.39% | 0.41x | 1.98x | €11.04 Million |
| 2023 | 59.36% | 134.37% | 0.32x | 1.36x | €745.22 Million |
| 2024 | 6.63% | 14.76% | 0.34x | 1.34x | €-52.73 Million |
| 2025 | 6.70% | 14.34% | 0.35x | 1.33x | €-54.15 Million |
Industry Comparison
This section compares Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $18,444,573,497
- Average return on equity (ROE) among peers: 0.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (RJ8) | €1.64 Billion | 3.46% | 0.33x | $586.09 Million |
| Eldorado Resorts Inc (2ER) | $298.45 Million | 8.31% | 3.34x | $3.31 Billion |
| Resorttrust Inc (5FY) | $118.38 Billion | 9.30% | 2.56x | $1.72 Billion |
| Emma Villas S.p.A. (B1K) | $4.41 Million | -29.62% | 3.37x | $12.52K |
| Emperor Entertainment Hotel Limited (EM7A) | $5.88 Billion | 6.70% | 0.17x | $14.11 Million |
| Marriott Vacations Worldwide Corporation (M8V) | $3.47 Billion | 1.59% | 1.60x | $1.68 Billion |
| Rich Goldman Holdings Limited (MRU3) | $1.08 Billion | -9.19% | 0.25x | $1.87 Million |
| Regenbogen AG (RGB) | $11.81 Million | 19.80% | 1.74x | $61.68K |