Tulikivi Oyj A (TULAV) - Net Assets

Latest as of September 2025: €17.60 Million EUR ≈ $20.58 Million USD

Based on the latest financial reports, Tulikivi Oyj A (TULAV) has net assets worth €17.60 Million EUR (≈ $20.58 Million USD) 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 ≈ $42.91 Million USD) and total liabilities (€19.10 Million ≈ $22.33 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 Tulikivi Oyj A liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore TULAV current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Tulikivi Oyj A stock valuation.

Year	Net Assets	Change
2024-12-31	€18.70 Million ≈ $21.86 Million	+3.12%
2023-12-31	€18.13 Million ≈ $21.20 Million	+25.50%
2022-12-31	€14.45 Million ≈ $16.89 Million	+50.92%
2021-12-31	€9.57 Million ≈ $11.19 Million	+21.17%
2020-12-31	€7.90 Million ≈ $9.24 Million	+2.38%
2019-12-31	€7.72 Million ≈ $9.02 Million	-17.11%
2018-12-31	€9.31 Million ≈ $10.88 Million	-16.58%
2017-12-31	€11.16 Million ≈ $13.05 Million	-9.98%
2016-12-31	€12.40 Million ≈ $14.49 Million	-13.96%
2015-12-31	€14.41 Million ≈ $16.85 Million	-20.66%
2014-12-31	€18.16 Million ≈ $21.23 Million	-12.60%
2013-12-31	€20.78 Million ≈ $24.29 Million	+14.41%
2012-12-31	€18.16 Million ≈ $21.23 Million	-3.41%
2011-12-31	€18.80 Million ≈ $21.98 Million	-15.03%
2010-12-31	€22.13 Million ≈ $25.87 Million	-6.95%
2009-12-31	€23.79 Million ≈ $27.81 Million	-12.69%
2008-12-31	€27.24 Million ≈ $31.85 Million	-1.19%
2007-12-31	€27.57 Million ≈ $32.23 Million	-10.22%
2006-12-31	€30.71 Million ≈ $35.90 Million	+20.36%
2005-12-31	€25.52 Million ≈ $29.83 Million	+10.00%
2004-12-31	€23.20 Million ≈ $27.12 Million	-4.87%
2003-12-31	€24.38 Million ≈ $28.51 Million	-6.08%
2002-12-31	€25.96 Million ≈ $30.35 Million	-3.50%
2001-12-31	€26.91 Million ≈ $31.45 Million	+12.00%
2000-12-31	€24.02 Million ≈ $28.09 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
Inmobiliaria Park Rose Iberoamericana SOCIMI SA MC:YPARK	$26.53 Million
Central Motek Co Ltd KO:308170	$26.55 Million
Medicenna Therapeutics Corp TO:MDNA	$26.55 Million
Etiler İnci Bufe Gida Sanayi ve Dis Ticaret AS IS:ETILR	$26.55 Million
Atec T& Co. Ltd KQ:224110	$26.50 Million
Obducat AB (publ) F:OBD	$26.50 Million
Victory New Materials Ltd Co TW:1340	$26.50 Million
Trimegah Karya Pratama Tbk PT JK:UVCR	$26.49 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: 1.85x
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 0.80x to 1.85x 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	€0.58	x
2003-12-31	€0.67	€0.58	x
2004-12-31	€0.64	€0.58	x
2005-12-31	€0.70	€0.58	x
2006-12-31	€0.83	€0.58	x
2007-12-31	€0.74	€0.58	x
2008-12-31	€0.73	€0.58	x
2009-12-31	€0.64	€0.58	x
2010-12-31	€0.60	€0.58	x
2011-12-31	€0.51	€0.58	x
2012-12-31	€0.49	€0.58	x
2013-12-31	€0.50	€0.58	x
2014-12-31	€0.30	€0.58	x
2015-12-31	€0.24	€0.58	x
2016-12-31	€0.21	€0.58	x
2017-12-31	€0.19	€0.58	x
2018-12-31	€0.16	€0.58	x
2019-12-31	€0.13	€0.58	x
2020-12-31	€0.13	€0.58	x
2021-12-31	€0.16	€0.58	x
2022-12-31	€0.24	€0.58	x
2023-12-31	€0.30	€0.58	x
2024-12-31	€0.31	€0.58	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.

No peer company data available for comparison.

About Tulikivi Oyj A

HE:TULAV Finland Building Products & Equipment

Market Cap

$35.18 Million

€30.09 Million EUR

Market Cap Rank

#24230 Global

#127 in Finland

Share Price

€0.58

Change (1 day)

-1.03%

52-Week Range

€0.43 - €0.65

All Time High

€0.88