Tulikivi Oyj A
Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior stone products in Finland, the United States, and rest of Europe. The company offers heat-retaining and convection fireplaces. It also provides electric sauna and wood burning heaters, as well as sauna control panel and smoke sauna heaters. In addition, the company offers soapstone tiles. Tulikivi Corporation was … Read more
Tulikivi Oyj A (TULAV) - Net Assets
Latest net assets as of September 2025: €17.60 Million EUR
Based on the latest financial reports, Tulikivi Oyj A (TULAV) has net assets worth €17.60 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.70 Million) and total liabilities (€19.10 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 | €17.60 Million |
| % of Total Assets | 47.96% |
| Annual Growth Rate | -1.04% |
| 5-Year Change | 136.68% |
| 10-Year Change | 29.78% |
| Growth Volatility | 16.64 |
Tulikivi Oyj A - Net Assets Trend (2000–2024)
This chart illustrates how Tulikivi Oyj A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tulikivi Oyj A (2000–2024)
The table below shows the annual net assets of Tulikivi Oyj A from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €18.70 Million | +3.12% |
| 2023-12-31 | €18.13 Million | +25.50% |
| 2022-12-31 | €14.45 Million | +50.92% |
| 2021-12-31 | €9.57 Million | +21.17% |
| 2020-12-31 | €7.90 Million | +2.38% |
| 2019-12-31 | €7.72 Million | -17.11% |
| 2018-12-31 | €9.31 Million | -16.58% |
| 2017-12-31 | €11.16 Million | -9.98% |
| 2016-12-31 | €12.40 Million | -13.96% |
| 2015-12-31 | €14.41 Million | -20.66% |
| 2014-12-31 | €18.16 Million | -12.60% |
| 2013-12-31 | €20.78 Million | +14.41% |
| 2012-12-31 | €18.16 Million | -3.41% |
| 2011-12-31 | €18.80 Million | -15.03% |
| 2010-12-31 | €22.13 Million | -6.95% |
| 2009-12-31 | €23.79 Million | -12.69% |
| 2008-12-31 | €27.24 Million | -1.19% |
| 2007-12-31 | €27.57 Million | -10.22% |
| 2006-12-31 | €30.71 Million | +20.36% |
| 2005-12-31 | €25.52 Million | +10.00% |
| 2004-12-31 | €23.20 Million | -4.87% |
| 2003-12-31 | €24.38 Million | -6.08% |
| 2002-12-31 | €25.96 Million | -3.50% |
| 2001-12-31 | €26.91 Million | +12.00% |
| 2000-12-31 | €24.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tulikivi Oyj A'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 decreased by 119.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €6.30 Million | 33.69% |
| Other Comprehensive Income | €13.81 Million | 73.87% |
| Total Equity | €18.70 Million | 100.00% |
Tulikivi Oyj A Competitors by Market Cap
The table below lists competitors of Tulikivi Oyj A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lipidor Ab
ST:LIPI
|
$11.74 Million |
|
24SevenOffice Scandinavia AB
ST:247
|
$11.74 Million |
|
Vikas EcoTech Limited
NSE:VIKASECO
|
$11.74 Million |
|
CQV Co. Ltd
KQ:101240
|
$11.74 Million |
|
Silver Ridge Holdings Bhd
KLSE:0129
|
$11.73 Million |
|
Union Petrochemical Public Company Limited
BK:UKEM
|
$11.72 Million |
|
Barloworld Ltd
JSE:BAW
|
$11.72 Million |
|
Gem Diamonds Limited
PINK:GMDMF
|
$11.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tulikivi Oyj A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,134,000 to 18,700,000, a change of 566,000 (3.1%).
- Net income of 1,182,000 contributed positively to equity growth.
- Dividend payments of 584,000 reduced retained earnings.
- Other comprehensive income decreased equity by 612,000.
- Other factors increased equity by 580,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.18 Million | +6.32% |
| Dividends Paid | €584.00K | -3.12% |
| Other Comprehensive Income | €-612.00K | -3.27% |
| Other Changes | €580.00K | +3.1% |
| Total Change | €- | 3.12% |
Book Value vs Market Value Analysis
This analysis compares Tulikivi Oyj A'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: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.66x to 1.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €0.72 | €0.48 | x |
| 2003-12-31 | €0.67 | €0.48 | x |
| 2004-12-31 | €0.64 | €0.48 | x |
| 2005-12-31 | €0.70 | €0.48 | x |
| 2006-12-31 | €0.83 | €0.48 | x |
| 2007-12-31 | €0.74 | €0.48 | x |
| 2008-12-31 | €0.73 | €0.48 | x |
| 2009-12-31 | €0.64 | €0.48 | x |
| 2010-12-31 | €0.60 | €0.48 | x |
| 2011-12-31 | €0.51 | €0.48 | x |
| 2012-12-31 | €0.49 | €0.48 | x |
| 2013-12-31 | €0.50 | €0.48 | x |
| 2014-12-31 | €0.30 | €0.48 | x |
| 2015-12-31 | €0.24 | €0.48 | x |
| 2016-12-31 | €0.21 | €0.48 | x |
| 2017-12-31 | €0.19 | €0.48 | x |
| 2018-12-31 | €0.16 | €0.48 | x |
| 2019-12-31 | €0.13 | €0.48 | x |
| 2020-12-31 | €0.13 | €0.48 | x |
| 2021-12-31 | €0.16 | €0.48 | x |
| 2022-12-31 | €0.24 | €0.48 | x |
| 2023-12-31 | €0.30 | €0.48 | x |
| 2024-12-31 | €0.31 | €0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tulikivi Oyj A 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): 6.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.55%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.96x
- Recent ROE (6.32%) is above the historical average (-0.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.67% | 4.29% | 1.22x | 1.66x | €-346.20K |
| 2003 | 12.43% | 5.65% | 1.29x | 1.71x | €591.60K |
| 2004 | 14.89% | 6.25% | 1.33x | 1.80x | €1.13 Million |
| 2005 | 17.11% | 7.45% | 1.44x | 1.59x | €1.81 Million |
| 2006 | 18.64% | 6.97% | 1.24x | 2.17x | €2.65 Million |
| 2007 | 1.31% | 0.52% | 1.11x | 2.28x | €-2.40 Million |
| 2008 | 5.25% | 2.15% | 1.01x | 2.43x | €-1.30 Million |
| 2009 | -9.92% | -4.44% | 0.88x | 2.54x | €-4.74 Million |
| 2010 | -3.70% | -1.46% | 0.93x | 2.70x | €-3.03 Million |
| 2011 | -12.92% | -4.13% | 1.04x | 3.01x | €-4.31 Million |
| 2012 | -3.44% | -1.22% | 0.99x | 2.85x | €-2.44 Million |
| 2013 | -21.20% | -10.07% | 0.80x | 2.63x | €-6.48 Million |
| 2014 | -14.50% | -6.70% | 0.83x | 2.60x | €-4.45 Million |
| 2015 | -26.93% | -12.15% | 0.81x | 2.73x | €-5.32 Million |
| 2016 | -17.20% | -6.99% | 0.81x | 3.02x | €-3.37 Million |
| 2017 | -11.12% | -4.24% | 0.80x | 3.28x | €-2.36 Million |
| 2018 | -19.29% | -6.28% | 0.83x | 3.72x | €-2.73 Million |
| 2019 | -21.29% | -5.73% | 0.84x | 4.41x | €-2.41 Million |
| 2020 | 3.00% | 0.81% | 0.89x | 4.13x | €-553.10K |
| 2021 | 17.28% | 4.93% | 0.99x | 3.52x | €696.60K |
| 2022 | 33.42% | 10.90% | 1.13x | 2.72x | €3.38 Million |
| 2023 | 20.76% | 8.31% | 1.17x | 2.13x | €1.95 Million |
| 2024 | 6.32% | 3.55% | 0.91x | 1.96x | €-688.00K |
Industry Comparison
This section compares Tulikivi Oyj A's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $435,700,000
- Average return on equity (ROE) among peers: -2.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tulikivi Oyj A (TULAV) | €17.60 Million | 8.67% | 1.09x | $11.74 Million |
| Purmo Group Oyj (PURMO) | $435.70 Million | -2.13% | 1.29x | $14.95 Million |