TAG Immobilien AG (TEG) - Net Assets
Based on the latest financial reports, TAG Immobilien AG (TEG) has net assets worth €3.52 Billion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.88 Billion) and total liabilities (€5.36 Billion). 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 | €3.52 Billion |
| % of Total Assets | 39.61% |
| Annual Growth Rate | 9.63% |
| 5-Year Change | 15.6% |
| 10-Year Change | 176.64% |
| Growth Volatility | 11.5 |
TAG Immobilien AG - Net Assets Trend (2013–2024)
This chart illustrates how TAG Immobilien AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TAG Immobilien AG (2013–2024)
The table below shows the annual net assets of TAG Immobilien AG from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.10 Billion | +4.57% |
| 2023-12-31 | €2.96 Billion | -10.38% |
| 2022-12-31 | €3.31 Billion | +5.69% |
| 2021-12-31 | €3.13 Billion | +16.71% |
| 2020-12-31 | €2.68 Billion | +12.00% |
| 2019-12-31 | €2.39 Billion | +16.89% |
| 2018-12-31 | €2.05 Billion | +24.39% |
| 2017-12-31 | €1.65 Billion | +20.58% |
| 2016-12-31 | €1.37 Billion | +21.87% |
| 2015-12-31 | €1.12 Billion | +11.49% |
| 2014-12-31 | €1.01 Billion | -10.85% |
| 2013-12-31 | €1.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TAG Immobilien AG'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 641.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.09 Billion | 69.17% |
| Other Components | €931.00 Million | 30.83% |
| Total Equity | €3.02 Billion | 100.00% |
TAG Immobilien AG Competitors by Market Cap
The table below lists competitors of TAG Immobilien AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lagardere SCA
PA:MMB
|
$2.69 Billion |
|
KCC Corporation
KO:002380
|
$2.70 Billion |
|
Cetc Potevio Science&Technology Co Ltd
SHE:002544
|
$2.70 Billion |
|
Newmark Group Inc
NASDAQ:NMRK
|
$2.70 Billion |
|
CCC S.A.
WAR:CCC
|
$2.69 Billion |
|
Himadri Speciality Chemical Limited
NSE:HSCL
|
$2.69 Billion |
|
Aegis Logistics Limited
NSE:AEGISLOG
|
$2.69 Billion |
|
Gold Road Resources Ltd
AU:GOR
|
$2.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAG Immobilien AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,885,168,000 to 3,019,577,000, a change of 134,409,000 (4.7%).
- Net income of 121,123,000 contributed positively to equity growth.
- Share repurchases of 1,514,000 reduced equity.
- New share issuances of 352,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €121.12 Million | +4.01% |
| Share Repurchases | €1.51 Million | -0.05% |
| Share Issuances | €352.00K | +0.01% |
| Other Changes | €14.45 Million | +0.48% |
| Total Change | €- | 4.66% |
Book Value vs Market Value Analysis
This analysis compares TAG Immobilien AG'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: 0.89x
- 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 1.38x to 0.89x 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 | €11.10 | €15.28 | x |
| 2018-12-31 | €13.71 | €15.28 | x |
| 2019-12-31 | €16.01 | €15.28 | x |
| 2020-12-31 | €17.79 | €15.28 | x |
| 2021-12-31 | €65.54 | €15.28 | x |
| 2022-12-31 | €18.23 | €15.28 | x |
| 2023-12-31 | €16.44 | €15.28 | x |
| 2024-12-31 | €17.21 | €15.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAG Immobilien AG 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): 4.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.18%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.57x
- Recent ROE (4.01%) is below the historical average (10.26%), 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 | 2.53% | 8.12% | 0.09x | 3.44x | €-82.68 Million |
| 2014 | 2.48% | 4.53% | 0.14x | 3.92x | €-71.72 Million |
| 2015 | 13.39% | 31.51% | 0.12x | 3.50x | €36.79 Million |
| 2016 | 14.91% | 61.21% | 0.08x | 2.97x | €66.28 Million |
| 2017 | 19.13% | 72.95% | 0.09x | 2.85x | €148.50 Million |
| 2018 | 23.97% | 90.84% | 0.11x | 2.51x | €280.32 Million |
| 2019 | 19.05% | 89.53% | 0.09x | 2.41x | €212.00 Million |
| 2020 | 15.12% | 57.77% | 0.11x | 2.49x | €133.26 Million |
| 2021 | 18.77% | 93.20% | 0.09x | 2.33x | €266.48 Million |
| 2022 | 3.54% | 11.84% | 0.12x | 2.57x | €-206.76 Million |
| 2023 | -13.76% | -29.85% | 0.18x | 2.53x | €-685.43 Million |
| 2024 | 4.01% | 11.18% | 0.14x | 2.57x | €-180.83 Million |
Industry Comparison
This section compares TAG Immobilien AG's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $46,435,535,931
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TAG Immobilien AG (TEG) | €3.52 Billion | 2.53% | 1.52x | $2.69 Billion |
| Appeninn Vagyonkezelo Holding Nyilvanosan Mukodo Reszvenytarsasag (0AP) | $73.81 Million | 16.41% | 1.58x | $87.39 Million |
| AS Pro Kapital Grupp (17E) | $54.42 Million | -1.65% | 0.97x | $51.03 Million |
| Daito Trust Construction Co.Ltd (4D7) | $405.80 Billion | 18.40% | 1.66x | $6.37 Billion |
| ECHO INVESTMENT ZY 005 (4I3) | $1.66 Billion | -2.02% | 2.97x | $505.86 Million |
| FASTIG. AB TRIANON B (7J00) | $5.31 Billion | 5.81% | 1.58x | $311.32 Million |
| 9M00 (9M00) | $962.26 Million | 3.73% | 1.27x | $42.65 Million |
| John Mattson Fastighetsföretagen AB (publ) (AR5) | $6.03 Billion | 7.12% | 1.45x | $413.12 Million |
| COREM PROPERTY GRP CL.D (BJV) | $16.49 Billion | -20.08% | 2.22x | $190.29 Million |
| Century City International Holdings Limited (CQA2) | $21.09 Billion | -2.56% | 1.24x | $27.79 Million |
| Diös Fastigheter AB (publ) (D1F) | $6.89 Billion | 14.91% | 1.86x | $860.78 Million |
About TAG Immobilien AG
TAG Immobilien AG, a real estate company, engages in the acquisition, development, and management of residential real estate properties in Germany. It operates residential flats and apartments. The company also rents commercial real estate properties. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in Septemb… Read more