Rocket Internet SE
Rocket Internet SE is an incubator, private equity, and venture capital firm specializing in incubation, early-stage, growth capital, late venture, later stage, start-ups, pre-seed and seed. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services. It prefers to invest in technology and Internet-based companies with a focus on financial technology… Read more
Rocket Internet SE (RKET) - Net Assets
Latest net assets as of June 2020: €3.97 Billion EUR
Based on the latest financial reports, Rocket Internet SE (RKET) has net assets worth €3.97 Billion EUR as of June 2020.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.22 Billion) and total liabilities (€243.60 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 | €3.97 Billion |
| % of Total Assets | 94.22% |
| Annual Growth Rate | 4.51% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.23 |
Rocket Internet SE - Net Assets Trend (2017–2021)
This chart illustrates how Rocket Internet SE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rocket Internet SE (2017–2021)
The table below shows the annual net assets of Rocket Internet SE from 2017 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | €4.92 Billion | +28.11% |
| 2020-12-31 | €3.84 Billion | -3.41% |
| 2019-12-31 | €3.98 Billion | -0.54% |
| 2018-12-31 | €4.00 Billion | -3.06% |
| 2017-12-31 | €4.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rocket Internet SE'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 1099.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.82 Billion | 57.58% |
| Common Stock | €108.10 Million | 2.21% |
| Other Components | €1.97 Billion | 40.22% |
| Total Equity | €4.90 Billion | 100.00% |
Rocket Internet SE Competitors by Market Cap
The table below lists competitors of Rocket Internet SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CH. Karnchang PCL
BK:CK
|
$492.20 Million |
|
Leshan Electric Power Co Ltd
SHG:600644
|
$492.45 Million |
|
W-SCOPE Corporation
PINK:WSPCF
|
$492.64 Million |
|
Galimmo SA
PA:GALIM
|
$492.75 Million |
|
Matas A/S
CO:MATAS
|
$492.09 Million |
|
Dianguang Explosion-proof Technology Co Ltd
SHE:002730
|
$491.99 Million |
|
Jiangsu Lianhuan Pharmaceutical Co Ltd
SHG:600513
|
$491.98 Million |
|
Rayonier Advanced Materials
NYSE:RYAM
|
$491.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rocket Internet SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 3,835,700,000 to 4,898,400,000, a change of 1,062,700,000 (27.7%).
- Net income of 1,059,900,000 contributed positively to equity growth.
- Dividend payments of 4,300,000 reduced retained earnings.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.06 Billion | +21.64% |
| Dividends Paid | €4.30 Million | -0.09% |
| Other Changes | €7.10 Million | +0.14% |
| Total Change | €- | 27.71% |
Book Value vs Market Value Analysis
This analysis compares Rocket Internet SE'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: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.04x to 0.57x 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 | €24.84 | €25.80 | x |
| 2018-12-31 | €26.13 | €25.80 | x |
| 2019-12-31 | €26.31 | €25.80 | x |
| 2021-12-31 | €45.40 | €25.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rocket Internet SE 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): 21.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 900.51%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.16x
- Recent ROE (21.64%) is above the historical average (8.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.05% | 6.13% | 0.01x | 1.11x | €-407.88 Million |
| 2018 | 5.05% | 453.60% | 0.01x | 1.03x | €-197.11 Million |
| 2019 | 7.20% | 424.07% | 0.02x | 1.05x | €-111.24 Million |
| 2020 | 10.11% | 359.83% | 0.03x | 1.05x | €4.33 Million |
| 2021 | 21.64% | 900.51% | 0.02x | 1.16x | €570.06 Million |
Industry Comparison
This section compares Rocket Internet SE's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $365,665,335
- Average return on equity (ROE) among peers: 1.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rocket Internet SE (RKET) | €3.97 Billion | 0.05% | 0.06x | $492.11 Million |
| Growens S.p.A. (0MU) | $56.87 Million | 102.36% | 0.45x | $22.92K |
| Patriot One Technologies Inc (0PL) | $33.53 Million | -35.74% | 0.02x | $58.49 Million |
| Paycom Soft (0PY) | $1.18 Billion | 23.79% | 2.30x | $5.38 Billion |
| innoscripta SE (1INN) | $35.15 Million | 71.39% | 0.67x | $124.83 Million |
| Nextech3D.AI Corporation (1SS) | $13.13 Million | -208.54% | 0.31x | $13.92 Million |
| WEIMOB INC. DL-0001 (36W) | $1.99 Billion | 15.68% | 0.66x | $647.04 Million |
| Modelon AB (publ) (3VM) | $173.11 Million | -16.46% | 0.23x | $7.36 Million |
| Hitek Global Inc. (4JX) | $28.34 Million | 3.70% | 0.25x | $4.96 Million |
| Envirosuite Limited (57P) | $127.30 Million | -9.82% | 0.18x | $39.98 Million |
| JanOne Inc (5AR1) | $16.82 Million | 65.36% | 1.78x | $133.90 Million |