Tallinna Kaubamaja Grupp AS (UE8) - Net Assets
Based on the latest financial reports, Tallinna Kaubamaja Grupp AS (UE8) has net assets worth €234.60 Million EUR (≈ $274.27 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€721.69 Million ≈ $843.74 Million USD) and total liabilities (€487.09 Million ≈ $569.46 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 UE8 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €234.60 Million |
| % of Total Assets | 32.51% |
| Annual Growth Rate | 2.26% |
| 5-Year Change | 9.96% |
| 10-Year Change | N/A |
| Growth Volatility | 3.91 |
Tallinna Kaubamaja Grupp AS - Net Assets Trend (2018–2025)
This chart illustrates how Tallinna Kaubamaja Grupp AS's net assets have evolved over time, based on quarterly financial data. See UE8 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tallinna Kaubamaja Grupp AS (2018–2025)
The table below shows the annual net assets of Tallinna Kaubamaja Grupp AS from 2018 to 2025. For live valuation and market cap data, see market value of Tallinna Kaubamaja Grupp AS.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €263.75 Million ≈ $308.35 Million |
+0.85% |
| 2024-12-31 | €261.53 Million ≈ $305.75 Million |
-0.70% |
| 2023-12-31 | €263.38 Million ≈ $307.91 Million |
+8.99% |
| 2022-12-31 | €241.66 Million ≈ $282.52 Million |
+0.75% |
| 2021-12-31 | €239.87 Million ≈ $280.43 Million |
+7.56% |
| 2020-12-31 | €223.01 Million ≈ $260.72 Million |
-2.12% |
| 2019-12-31 | €227.84 Million ≈ $266.36 Million |
+0.98% |
| 2018-12-31 | €225.62 Million ≈ $263.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tallinna Kaubamaja Grupp AS'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 9.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €124.23 Million | 47.10% |
| Other Components | €139.53 Million | 52.90% |
| Total Equity | €263.75 Million | 100.00% |
Tallinna Kaubamaja Grupp AS Competitors by Market Cap
The table below lists competitors of Tallinna Kaubamaja Grupp AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plaza Retail REIT
TO:PLZ-UN
|
$374.70 Million |
|
Sinopower Semiconductor
TWO:6435
|
$374.72 Million |
|
General Accident PLC
LSE:GACA
|
$374.75 Million |
|
Shanthi Gears Limited
NSE:SHANTIGEAR
|
$374.84 Million |
|
Beijing Airport High-Tech Park Co Ltd
SHG:600463
|
$374.46 Million |
|
Cre8 Direct Ningbo Co Ltd
SHE:300703
|
$374.31 Million |
|
Cigniti Technologies Limited
NSE:CIGNITITEC
|
$374.23 Million |
|
Guangxi Bossco Environmental Protection Technology Co Ltd
SHE:300422
|
$374.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tallinna Kaubamaja Grupp AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 261,528,000 to 263,753,000, a change of 2,225,000 (0.9%).
- Net income of 17,527,000 contributed positively to equity growth.
- Dividend payments of 26,473,000 reduced retained earnings.
- Other factors increased equity by 11,171,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €17.53 Million | +6.65% |
| Dividends Paid | €26.47 Million | -10.04% |
| Other Changes | €11.17 Million | +4.24% |
| Total Change | €- | 0.85% |
Book Value vs Market Value Analysis
This analysis compares Tallinna Kaubamaja Grupp AS'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: 1.37x
- 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 1.60x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €5.54 | €8.85 | x |
| 2019-12-31 | €5.59 | €8.85 | x |
| 2020-12-31 | €5.48 | €8.85 | x |
| 2021-12-31 | €5.89 | €8.85 | x |
| 2022-12-31 | €5.93 | €8.85 | x |
| 2023-12-31 | €6.47 | €8.85 | x |
| 2024-12-31 | €6.42 | €8.85 | x |
| 2025-12-31 | €6.48 | €8.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tallinna Kaubamaja Grupp AS 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): 6.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 2.65x
- Recent ROE (6.65%) is below the historical average (11.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 13.49% | 4.47% | 1.66x | 1.82x | €7.88 Million |
| 2019 | 13.67% | 4.34% | 1.37x | 2.29x | €8.35 Million |
| 2020 | 8.74% | 2.63% | 1.24x | 2.68x | €-2.80 Million |
| 2021 | 13.35% | 3.90% | 1.29x | 2.65x | €8.03 Million |
| 2022 | 12.20% | 3.42% | 1.33x | 2.68x | €5.32 Million |
| 2023 | 14.21% | 3.95% | 1.37x | 2.63x | €11.09 Million |
| 2024 | 10.51% | 2.91% | 1.34x | 2.70x | €1.32 Million |
| 2025 | 6.65% | 1.91% | 1.32x | 2.65x | €-8.85 Million |
Industry Comparison
This section compares Tallinna Kaubamaja Grupp AS's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $45,258,169,667
- Average return on equity (ROE) among peers: 9.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tallinna Kaubamaja Grupp AS (UE8) | €234.60 Million | 13.49% | 2.08x | $374.67 Million |
| RYOHIN UNSP.ADR/1 (3RKU) | $335.92 Billion | 15.14% | 0.68x | $9.71 Billion |
| Maoye International Holdings Limited (5MIA) | $12.08 Billion | 0.38% | 2.81x | $46.26 Million |
| Companhia Brasileira de Distribuição (C1B2) | $13.55 Billion | 5.83% | 3.32x | $287.63 Million |
| LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG (ECK) | $64.39 Million | 11.47% | 0.65x | $93.85 Million |
| Lianhua Supermarket Holdings Co. Ltd (LSJ) | $3.65 Billion | 1.45% | 4.62x | $6.32 Million |
| MARKS SPENCER ADR LS-25 (MA6A) | $2.68 Billion | 13.56% | 2.39x | $9.25 Billion |
| Parkson Retail Group Limited (P5IB) | $3.32 Billion | 2.00% | 2.34x | $28.98 Million |
| Sun Art Retail Group Limited (SRI) | $25.36 Billion | 11.18% | 1.81x | $1.19 Billion |
| WOOLWORTHS HDGS GDR (WN30) | $10.71 Billion | 22.81% | 2.81x | $2.32 Billion |
About Tallinna Kaubamaja Grupp AS
TKM Grupp AS, together with its subsidiaries, owns and operates supermarkets and department stores primarily in Estonia, Latvia, and Lithuania. The company operates through Supermarkets, Department Stores, Car Trade, Security, and Real Estate segments. It engages in the retail and wholesale trade of catering products and services under the Delice brand and E-Selver brands, as well as operates gro… Read more