Altarea
Altarea is the leading property developer in France. As both a developer and an investor, the Group operates in the three main property markets (Retail, Residential and Business property), leading major mixed-use urban renewal projects in France. The Group has the required expertise in each sector to design, develop, market and manage made-to-measure property products. In Retail, Altarea managed … Read more
Altarea (0IRK) - Net Assets
Latest net assets as of June 2025: €2.96 Billion EUR
Based on the latest financial reports, Altarea (0IRK) has net assets worth €2.96 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.84 Billion) and total liabilities (€4.88 Billion). 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 | €2.96 Billion |
| % of Total Assets | 37.81% |
| Annual Growth Rate | -3.72% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.45 |
Altarea - Net Assets Trend (2021–2024)
This chart illustrates how Altarea's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Altarea (2021–2024)
The table below shows the annual net assets of Altarea from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.16 Billion | -1.76% |
| 2023-12-31 | €3.22 Billion | -18.69% |
| 2022-12-31 | €3.96 Billion | +11.74% |
| 2021-12-31 | €3.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altarea'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 97.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.10 Million | 0.36% |
| Common Stock | €334.60 Million | 19.75% |
| Other Comprehensive Income | €1.03 Billion | 60.77% |
| Other Components | €323.90 Million | 19.12% |
| Total Equity | €1.69 Billion | 100.00% |
Altarea Competitors by Market Cap
The table below lists competitors of Altarea ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Originaldow Advanced
SHG:603991
|
$868.78 Million |
|
Fujian Longma Envi Sanitation
SHG:603686
|
$869.10 Million |
|
Elders Limited
F:FTZ
|
$869.15 Million |
|
STARLUX Airlines Co. Ltd.
TWO:2646
|
$869.57 Million |
|
DL E&C Co. Ltd. Pfd.
KO:37550L
|
$868.41 Million |
|
Hainan Shennong Technology Co Ltd
SHE:300189
|
$868.32 Million |
|
CareDx Inc
NASDAQ:CDNA
|
$867.74 Million |
|
Puuilo Oyj
HE:PUUILO
|
$867.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altarea's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,747,600,000 to 1,694,300,000, a change of -53,300,000 (-3.0%).
- Net income of 6,100,000 contributed positively to equity growth.
- Dividend payments of 168,900,000 reduced retained earnings.
- Share repurchases of 1,000,000 reduced equity.
- Other comprehensive income decreased equity by 468,400,000.
- Other factors increased equity by 578,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.10 Million | +0.36% |
| Dividends Paid | €168.90 Million | -9.97% |
| Share Repurchases | €1.00 Million | -0.06% |
| Other Comprehensive Income | €-468.40 Million | -27.65% |
| Other Changes | €578.90 Million | +34.17% |
| Total Change | €- | -3.05% |
Book Value vs Market Value Analysis
This analysis compares Altarea'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: 1.49x
- 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 0.98x to 1.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €121.37 | €118.80 | x |
| 2022-12-31 | €115.02 | €118.80 | x |
| 2023-12-31 | €85.58 | €118.80 | x |
| 2024-12-31 | €79.50 | €118.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altarea 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): 0.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.22%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 4.96x
- Recent ROE (0.36%) is above the historical average (-0.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 11.43% | 8.51% | 0.32x | 4.19x | €31.98 Million |
| 2022 | 11.92% | 9.38% | 0.33x | 3.83x | €45.58 Million |
| 2023 | -27.06% | -17.42% | 0.33x | 4.77x | €-647.66 Million |
| 2024 | 0.36% | 0.22% | 0.33x | 4.96x | €-163.33 Million |
Industry Comparison
This section compares Altarea's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altarea (0IRK) | €2.96 Billion | 11.43% | 1.64x | $868.64 Million |
| Nyfosa AB (0A0K) | $13.33 Billion | 16.69% | 1.39x | $961.70 Million |
| Tethys Oil AB (0A1V) | $256.60 Million | 6.51% | 0.11x | $122.95 Million |
| High Templar Tech Limited (0A2T) | $12.04 Billion | -3.01% | 0.06x | $258.24 Million |
| Strategy Inc (0A7O) | $605.73 Million | 3.00% | 0.54x | $37.86 Billion |
| NACON SASU (0A9N) | $40.77 Million | 2.41% | 0.74x | $7.35 Million |
| Antin Infrastructure Partners (0AA5) | $32.26 Million | 152.50% | 1.23x | $579.46 Million |
| Truecaller AB Series B (0AA7) | $145.93 Million | -10.64% | 1.99x | $271.46 Million |
| Brockhaus Technologies AG (0AAW) | $315.34 Million | 15.55% | 1.46x | $75.78 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $39.07 Million | -39.37% | 0.22x | $71.96 Million |
| Kalray S.A. (0ABT) | $54.02 Million | -28.78% | 0.63x | $33.84 Million |