Purmo Group Oyj
Purmo Group Oyj provides indoor climate comfort solutions worldwide. It operates in two divisions, Climate Products & Systems; and Climate Solutions. The company manufactures panel, tubular, and electric radiators; radiant heating and cooling products, including underfloor heating, air heating and cooling, water distribution systems, and system components and controls to residential and non-resid… Read more
Purmo Group Oyj (PURMO) - Net Assets
Latest net assets as of September 2024: €415.40 Million EUR
Based on the latest financial reports, Purmo Group Oyj (PURMO) has net assets worth €415.40 Million EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€968.00 Million) and total liabilities (€552.60 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 | €415.40 Million |
| % of Total Assets | 42.91% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.39 |
Purmo Group Oyj - Net Assets Trend (2019–2023)
This chart illustrates how Purmo Group Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Purmo Group Oyj (2019–2023)
The table below shows the annual net assets of Purmo Group Oyj from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €435.70 Million | +8.03% |
| 2022-12-31 | €403.30 Million | +3.25% |
| 2021-12-31 | €390.60 Million | +222.48% |
| 2020-12-31 | €-318.90 Million | +13.95% |
| 2019-12-31 | €-370.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Purmo Group Oyj'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 1350000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €13.50 Million | 3.10% |
| Common Stock | €3.10 Million | 0.71% |
| Other Components | €419.20 Million | 96.19% |
| Total Equity | €435.80 Million | 100.00% |
Purmo Group Oyj Competitors by Market Cap
The table below lists competitors of Purmo Group Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Reserve Petroleum Company
PINK:RSRV
|
$14.95 Million |
|
KeyStar Corp
PINK:KEYR
|
$14.95 Million |
|
Adisyn Ltd
AU:AI1
|
$14.95 Million |
|
Wetteri Oyj
LSE:0G2O
|
$14.95 Million |
|
TMT Acquisition Corp Ordinary Shares
NASDAQ:TMTC
|
$14.94 Million |
|
Parkson Holdings Bhd
KLSE:5657
|
$14.94 Million |
|
China Green Agriculture Inc
NYSE:CGA
|
$14.93 Million |
|
Asian Pac Holdings Bhd
KLSE:4057
|
$14.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Purmo Group Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 403,300,000 to 435,800,000, a change of 32,500,000 (8.1%).
- Net loss of 9,300,000 reduced equity.
- Dividend payments of 11,100,000 reduced retained earnings.
- Share repurchases of 11,100,000 reduced equity.
- New share issuances of 700,000 increased equity.
- Other comprehensive income decreased equity by 375,800,000.
- Other factors increased equity by 439,100,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-9.30 Million | -2.13% |
| Dividends Paid | €11.10 Million | -2.55% |
| Share Repurchases | €11.10 Million | -2.55% |
| Share Issuances | €700.00K | +0.16% |
| Other Comprehensive Income | €-375.80 Million | -86.23% |
| Other Changes | €439.10 Million | +100.76% |
| Total Change | €- | 8.06% |
Book Value vs Market Value Analysis
This analysis compares Purmo Group Oyj'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: 1.08x
- 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 60861.22x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €0.00 | €11.40 | x |
| 2020-12-31 | €0.00 | €11.40 | x |
| 2021-12-31 | €13.41 | €11.40 | x |
| 2022-12-31 | €9.78 | €11.40 | x |
| 2023-12-31 | €10.52 | €11.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Purmo Group Oyj 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): -2.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.25%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.29x
- Recent ROE (-2.13%) is above the historical average (-13.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -26.28% | 0.00% | 301330.65x | 1.00x | €-838.84 |
| 2020 | -38.48% | 0.00% | 401951.13x | 1.00x | €-809.58 |
| 2021 | -4.81% | -2.23% | 0.81x | 2.68x | €-57.86 Million |
| 2022 | 3.25% | 1.45% | 0.92x | 2.44x | €-27.23 Million |
| 2023 | -2.13% | -1.25% | 0.74x | 2.29x | €-52.88 Million |
Industry Comparison
This section compares Purmo Group Oyj's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $7,717,000
- Average return on equity (ROE) among peers: -21.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Purmo Group Oyj (PURMO) | €415.40 Million | -26.28% | 1.33x | $14.95 Million |
| Tulikivi Oyj A (TULAV) | $7.72 Million | -21.29% | 3.41x | $11.74 Million |