Rai Way SpA
Rai Way S.p.A. provides network infrastructure and services for broadcasters, telecommunications operators, private companies, and public administrations in Italy and internationally. It offers television and radio broadcasting services, such as digital terrestrial, satellite, and radio services, as well as hybrid services; and transmission services, including event contribution and content distr… Read more
Rai Way SpA (0R40) - Net Assets
Latest net assets as of September 2025: €173.86 Million EUR
Based on the latest financial reports, Rai Way SpA (0R40) has net assets worth €173.86 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 (€453.82 Million) and total liabilities (€279.95 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 | €173.86 Million |
| % of Total Assets | 38.31% |
| Annual Growth Rate | 3.15% |
| 5-Year Change | 16.74% |
| 10-Year Change | 20.81% |
| Growth Volatility | 5.03 |
Rai Way SpA - Net Assets Trend (2012–2024)
This chart illustrates how Rai Way SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rai Way SpA (2012–2024)
The table below shows the annual net assets of Rai Way SpA from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €192.40 Million | +1.96% |
| 2023-12-31 | €188.69 Million | +7.11% |
| 2022-12-31 | €176.16 Million | +6.18% |
| 2021-12-31 | €165.92 Million | +0.67% |
| 2020-12-31 | €164.81 Million | -10.52% |
| 2019-12-31 | €184.20 Million | +1.87% |
| 2018-12-31 | €180.82 Million | +2.51% |
| 2017-12-31 | €176.39 Million | +9.20% |
| 2016-12-31 | €161.53 Million | +1.43% |
| 2015-12-31 | €159.26 Million | +3.56% |
| 2014-12-31 | €153.79 Million | +8.54% |
| 2013-12-31 | €141.69 Million | +6.82% |
| 2012-12-31 | €132.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rai Way SpA'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 146.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €90.30 Million | 46.91% |
| Common Stock | €70.20 Million | 36.47% |
| Other Comprehensive Income | €14.00 Million | 7.27% |
| Other Components | €18.00 Million | 9.35% |
| Total Equity | €192.50 Million | 100.00% |
Rai Way SpA Competitors by Market Cap
The table below lists competitors of Rai Way SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westshore Terminals Investment Corp
PINK:WTSHF
|
$559.09 Million |
|
Shanxi Zhendong Pharmaceutical
SHE:300158
|
$559.25 Million |
|
Daxin Materials Corp
TW:5234
|
$559.45 Million |
|
Risesun Real Estate Development Co Ltd
SHE:002146
|
$559.61 Million |
|
Shanghai Yanpu Metal Products Co Ltd
SHG:605128
|
$558.83 Million |
|
Guangan
SHG:600979
|
$558.73 Million |
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$558.66 Million |
|
Sociedad Matriz SAAM SA
SN:SMSAAM
|
$558.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rai Way SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 188,693,307 to 192,500,000, a change of 3,806,693 (2.0%).
- Net income of 89,900,000 contributed positively to equity growth.
- Dividend payments of 86,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 37,768,029.
- Other factors increased equity by 38,174,722.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €89.90 Million | +46.7% |
| Dividends Paid | €86.50 Million | -44.94% |
| Other Comprehensive Income | €-37.77 Million | -19.62% |
| Other Changes | €38.17 Million | +19.83% |
| Total Change | €- | 2.02% |
Book Value vs Market Value Analysis
This analysis compares Rai Way SpA'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: 8.20x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.89x to 8.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | €0.49 | €5.80 | x |
| 2013-12-31 | €0.52 | €5.80 | x |
| 2014-12-31 | €0.57 | €5.80 | x |
| 2015-12-31 | €0.59 | €5.80 | x |
| 2016-12-31 | €0.59 | €5.80 | x |
| 2017-12-31 | €0.65 | €5.80 | x |
| 2018-12-31 | €0.66 | €5.80 | x |
| 2019-12-31 | €0.68 | €5.80 | x |
| 2020-12-31 | €0.61 | €5.80 | x |
| 2021-12-31 | €0.62 | €5.80 | x |
| 2022-12-31 | €0.66 | €5.80 | x |
| 2023-12-31 | €0.70 | €5.80 | x |
| 2024-12-31 | €0.71 | €5.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rai Way SpA 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): 46.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.56%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.40x
- Recent ROE (46.70%) is above the historical average (29.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 4.40% | 4.92% | 0.30x | 3.00x | €-7.43 Million |
| 2013 | 5.97% | 7.14% | 0.36x | 2.32x | €-5.72 Million |
| 2014 | 16.03% | 14.68% | 0.50x | 2.18x | €9.27 Million |
| 2015 | 24.45% | 18.34% | 0.55x | 2.43x | €23.02 Million |
| 2016 | 25.89% | 19.43% | 0.59x | 2.27x | €25.66 Million |
| 2017 | 31.90% | 26.02% | 0.64x | 1.91x | €38.62 Million |
| 2018 | 33.04% | 27.44% | 0.74x | 1.63x | €41.66 Million |
| 2019 | 34.40% | 28.62% | 0.64x | 1.86x | €44.94 Million |
| 2020 | 38.84% | 28.78% | 0.68x | 1.98x | €47.53 Million |
| 2021 | 39.41% | 28.69% | 0.59x | 2.34x | €48.79 Million |
| 2022 | 41.83% | 30.25% | 0.55x | 2.51x | €56.07 Million |
| 2023 | 45.96% | 31.89% | 0.58x | 2.49x | €67.85 Million |
| 2024 | 46.70% | 32.56% | 0.60x | 2.40x | €70.65 Million |
Industry Comparison
This section compares Rai Way SpA'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 |
|---|---|---|---|---|
| Rai Way SpA (0R40) | €173.86 Million | 4.40% | 1.61x | $558.87 Million |
| Nyfosa AB (0A0K) | $3.48 Billion | 34.90% | 2.92x | $966.63 Million |
| Tethys Oil AB (0A1V) | $56.23 Million | 21.07% | 0.01x | $122.95 Million |
| High Templar Tech Limited (0A2T) | $11.29 Billion | 0.81% | 0.10x | $258.25 Million |
| Strategy Inc (0A7O) | $361.50 Million | 1.39% | 0.55x | $38.08 Billion |
| NACON SASU (0A9N) | $210.72 Million | 8.63% | 0.51x | $7.82 Million |
| Antin Infrastructure Partners (0AA5) | $32.26 Million | 152.50% | 1.23x | $545.92 Million |
| Truecaller AB Series B (0AA7) | $1.51 Billion | 34.81% | 0.30x | $277.14 Million |
| Brockhaus Technologies AG (0AAW) | $315.34 Million | 15.55% | 1.46x | $74.17 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $-10.19 Million | 0.00% | 0.00x | $71.96 Million |
| Kalray S.A. (0ABT) | $39.07 Million | -59.55% | 1.26x | $33.84 Million |