Logwin AG (TGHN) - Net Assets
Based on the latest financial reports, Logwin AG (TGHN) has net assets worth €395.67 Million EUR (≈ $462.57 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€790.27 Million ≈ $923.91 Million USD) and total liabilities (€394.61 Million ≈ $461.34 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 tangible equity quality of Logwin AG to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €395.67 Million |
| % of Total Assets | 50.07% |
| Annual Growth Rate | 12.31% |
| 5-Year Change | 40.07% |
| 10-Year Change | N/A |
| Growth Volatility | 7.79 |
Logwin AG - Net Assets Trend (2016–2025)
This chart illustrates how Logwin AG's net assets have evolved over time, based on quarterly financial data. See Logwin AG (TGHN) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Logwin AG (2016–2025)
The table below shows the annual net assets of Logwin AG from 2016 to 2025. For live valuation and market cap data, see TGHN stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €395.67 Million ≈ $462.57 Million |
+5.11% |
| 2024-12-31 | €376.41 Million ≈ $440.07 Million |
+7.04% |
| 2023-12-31 | €351.66 Million ≈ $411.13 Million |
+1.52% |
| 2022-12-31 | €346.39 Million ≈ $404.97 Million |
+22.62% |
| 2021-12-31 | €282.49 Million ≈ $330.25 Million |
+25.63% |
| 2020-12-31 | €224.85 Million ≈ $262.88 Million |
+7.82% |
| 2019-12-31 | €208.55 Million ≈ $243.82 Million |
+12.92% |
| 2018-12-31 | €184.69 Million ≈ $215.92 Million |
+19.10% |
| 2017-12-31 | €155.07 Million ≈ $181.29 Million |
+11.44% |
| 2016-12-31 | €139.15 Million ≈ $162.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Logwin 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 18687800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €146.96 Million | 37.16% |
| Other Components | €248.47 Million | 62.84% |
| Total Equity | €395.44 Million | 100.00% |
Logwin AG Competitors by Market Cap
The table below lists competitors of Logwin AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Johns LYNG Group Ltd
AU:JLG
|
$806.21 Million |
|
MASTERBRAND INC. DL-001
F:D55
|
$806.30 Million |
|
Yieh Phui Enterprise Co Ltd
TW:2023
|
$806.33 Million |
|
Shanghai Ganglian E Commerce
SHE:300226
|
$806.39 Million |
|
Orient International Enterprise Ltd
SHG:600278
|
$805.89 Million |
|
Close Brothers Group plc
F:CS3
|
$805.45 Million |
|
Whirlpool S.A
SA:WHRL3
|
$805.38 Million |
|
Chongqing Wangbian Electric (Group) Corp. Ltd.
SHG:603191
|
$804.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Logwin AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 375,179,000 to 395,436,000, a change of 20,257,000 (5.4%).
- Net income of 60,900,000 contributed positively to equity growth.
- Dividend payments of 36,854,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €60.90 Million | +15.4% |
| Dividends Paid | €36.85 Million | -9.32% |
| Other Changes | €-3.79 Million | -0.96% |
| Total Change | €- | 5.40% |
Book Value vs Market Value Analysis
This analysis compares Logwin 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: 1.97x
- 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 5.04x to 1.97x 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 | €53.53 | €270.00 | x |
| 2018-12-31 | €63.70 | €270.00 | x |
| 2019-12-31 | €71.94 | €270.00 | x |
| 2020-12-31 | €77.76 | €270.00 | x |
| 2021-12-31 | €97.65 | €270.00 | x |
| 2022-12-31 | €119.46 | €270.00 | x |
| 2023-12-31 | €121.46 | €270.00 | x |
| 2024-12-31 | €130.31 | €270.00 | x |
| 2025-12-31 | €137.34 | €270.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Logwin 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): 15.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.47%
- • Asset Turnover: 1.72x
- • Equity Multiplier: 2.00x
- Recent ROE (15.40%) is below the historical average (18.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 18.75% | 2.62% | 2.49x | 2.88x | €12.10 Million |
| 2017 | 17.01% | 2.35% | 2.64x | 2.74x | €10.82 Million |
| 2018 | 21.03% | 3.36% | 2.44x | 2.56x | €20.27 Million |
| 2019 | 16.80% | 3.08% | 1.92x | 2.83x | €14.11 Million |
| 2020 | 15.36% | 3.06% | 1.96x | 2.56x | €12.01 Million |
| 2021 | 22.34% | 3.39% | 2.32x | 2.83x | €34.69 Million |
| 2022 | 21.01% | 3.20% | 2.71x | 2.42x | €37.85 Million |
| 2023 | 22.67% | 6.31% | 1.72x | 2.09x | €44.32 Million |
| 2024 | 17.20% | 4.47% | 1.80x | 2.13x | €27.01 Million |
| 2025 | 15.40% | 4.47% | 1.72x | 2.00x | €21.36 Million |
Industry Comparison
This section compares Logwin AG's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $20,540,023,098
- Average return on equity (ROE) among peers: 21.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Logwin AG (TGHN) | €395.67 Million | 18.75% | 1.00x | $806.18 Million |
| INPOST S.A UNSP.ADR/1/2 (6690) | $2.46 Billion | 50.79% | 4.25x | $7.52 Billion |
| MOVEBYBIKE EUROPE AB (6ZR) | $-19.06 Million | 0.00% | 0.00x | $464.77K |
| JD LOGISTICS DL-000025 (822) | $62.97 Billion | 9.84% | 0.87x | $10.10 Billion |
| BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH) | $219.32 Million | 13.08% | 2.23x | $43.78 Million |
| Deutsche Post AG (DHL) | $8.27 Billion | 7.78% | 3.20x | $56.42 Billion |
| DSV ADR 2 DK 1 (DS8) | $71.74 Billion | 24.49% | 1.22x | $52.08 Billion |
| Kuehne + Nagel International AG (KNIU) | $4.15 Billion | 63.76% | 2.56x | $22.79 Billion |
| Müller - Die lila Logistik AG (MLL) | $27.97 Million | 11.66% | 0.73x | $39.30 Million |
| SINOTRANS LTD H YC 1 (SIY) | $35.05 Billion | 10.60% | 1.12x | $1.13 Billion |
About Logwin AG
Logwin AG provides logistics and transport solutions in Germany, Austria, rest of European Union, the Asia/Pacific, and internationally. It operates in two segments, Air + Ocean and Solution. The Air + Ocean segment offers logistics and forwarding solutions, such as intercontinental air and ocean freight, and upstream and downstream value-added services. The Solutions segment is involved in contr… Read more