Howden Joinery Group Plc (HWDN) - Net Assets
Based on the latest financial reports, Howden Joinery Group Plc (HWDN) has net assets worth GBX1.08 Billion GBX (≈ $131.36K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.25 Billion ≈ $273.78K USD) and total liabilities (GBX1.17 Billion ≈ $142.43K 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 HWDN tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.08 Billion |
| % of Total Assets | 47.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | 56.59% |
| 10-Year Change | 167.65% |
| Growth Volatility | 87.29 |
Howden Joinery Group Plc - Net Assets Trend (1989–2024)
This chart illustrates how Howden Joinery Group Plc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Howden Joinery Group Plc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Howden Joinery Group Plc (1989–2024)
The table below shows the annual net assets of Howden Joinery Group Plc from 1989 to 2024. For live valuation and market cap data, see HWDN company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX1.13 Billion ≈ $137.33K |
+15.36% |
| 2023-12-31 | GBX978.40 Million ≈ $119.04K |
+12.24% |
| 2022-12-31 | GBX871.70 Million ≈ $106.06K |
-12.08% |
| 2021-12-31 | GBX991.50 Million ≈ $120.64K |
+37.56% |
| 2020-12-31 | GBX720.80 Million ≈ $87.70K |
+17.17% |
| 2019-12-31 | GBX615.20 Million ≈ $74.85K |
+8.48% |
| 2018-12-31 | GBX567.10 Million ≈ $69.00K |
+24.86% |
| 2017-12-31 | GBX454.20 Million ≈ $55.26K |
+14.41% |
| 2016-12-31 | GBX397.00 Million ≈ $48.30K |
-5.86% |
| 2015-12-31 | GBX421.70 Million ≈ $51.31K |
+43.00% |
| 2014-12-31 | GBX294.90 Million ≈ $35.88K |
+12.69% |
| 2013-12-31 | GBX261.70 Million ≈ $31.84K |
0.00% |
| 2013-12-28 | GBX261.70 Million ≈ $31.84K |
+132.00% |
| 2012-12-31 | GBX112.80 Million ≈ $13.72K |
+60.68% |
| 2011-12-31 | GBX70.20 Million ≈ $8.54K |
+203.90% |
| 2010-12-31 | GBX23.10 Million ≈ $2.81K |
+131.34% |
| 2009-12-31 | GBX-73.70 Million ≈ $-8.97K |
-27.51% |
| 2008-12-31 | GBX-57.80 Million ≈ $-7.03K |
-255.80% |
| 2007-12-31 | GBX37.10 Million ≈ $4.51K |
+147.87% |
| 2006-12-31 | GBX-77.50 Million ≈ $-9.43K |
-288.11% |
| 2005-12-31 | GBX41.20 Million ≈ $5.01K |
-81.14% |
| 2004-12-31 | GBX218.50 Million ≈ $26.59K |
-51.14% |
| 2003-12-31 | GBX447.20 Million ≈ $54.41K |
+6.96% |
| 2002-12-31 | GBX418.10 Million ≈ $50.87K |
+11.34% |
| 2001-12-31 | GBX375.50 Million ≈ $45.69K |
+8.34% |
| 2000-12-31 | GBX346.60 Million ≈ $42.17K |
+12.10% |
| 1999-12-31 | GBX309.20 Million ≈ $37.62K |
0.00% |
| 1999-04-30 | GBX309.20 Million ≈ $37.62K |
+36.63% |
| 1998-04-30 | GBX226.30 Million ≈ $27.53K |
+1.39% |
| 1997-04-30 | GBX223.20 Million ≈ $27.16K |
+13.24% |
| 1996-04-30 | GBX197.10 Million ≈ $23.98K |
+13.15% |
| 1995-04-30 | GBX174.20 Million ≈ $21.20K |
+13.34% |
| 1994-04-30 | GBX153.70 Million ≈ $18.70K |
+29.60% |
| 1993-04-30 | GBX118.60 Million ≈ $14.43K |
+137.25% |
| 1992-04-30 | GBX-318.40 Million ≈ $-38.74K |
+0.87% |
| 1991-04-30 | GBX-321.20 Million ≈ $-39.08K |
-10.11% |
| 1990-04-30 | GBX-291.70 Million ≈ $-35.49K |
-4.93% |
| 1989-04-30 | GBX-278.00 Million ≈ $-33.82K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Howden Joinery Group Plc'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 2122.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX973.50 Million | 86.25% |
| Common Stock | GBX55.40 Million | 4.91% |
| Other Comprehensive Income | GBX31.10 Million | 2.76% |
| Other Components | GBX68.70 Million | 6.09% |
| Total Equity | GBX1.13 Billion | 100.00% |
Howden Joinery Group Plc Competitors by Market Cap
The table below lists competitors of Howden Joinery Group Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brimag -L
TA:BRMG
|
$52.70 Million |
|
Metair
JSE:MTA
|
$52.71 Million |
|
Advani Hotels & Resorts (India) Limited
NSE:ADVANIHOTR
|
$52.72 Million |
|
EgnsINVEST Ejendomme Tyskland A/S
CO:EGNETY
|
$52.74 Million |
|
Novotek AB
ST:NTEK-B
|
$52.69 Million |
|
Toivo Group Oyj
HE:TOIVO
|
$52.62 Million |
|
LondonMetric Property Plc
LSE:LMP
|
$52.61 Million |
|
Dongil Ind
KO:004890
|
$52.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Howden Joinery Group Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 978,400,000 to 1,128,700,000, a change of 150,300,000 (15.4%).
- Net income of 249,300,000 contributed positively to equity growth.
- Dividend payments of 115,900,000 reduced retained earnings.
- New share issuances of 400,000 increased equity.
- Other comprehensive income increased equity by 4,699,999.
- Other factors increased equity by 11,800,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX249.30 Million | +22.09% |
| Dividends Paid | GBX115.90 Million | -10.27% |
| Share Issuances | GBX400.00K | +0.04% |
| Other Comprehensive Income | GBX4.70 Million | +0.42% |
| Other Changes | GBX11.80 Million | +1.05% |
| Total Change | GBX- | 15.36% |
Book Value vs Market Value Analysis
This analysis compares Howden Joinery Group Plc'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: 390.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-04-30 | GBX-2.15 | GBX803.50 | x |
| 1990-04-30 | GBX-1.40 | GBX803.50 | x |
| 1991-04-30 | GBX-1.10 | GBX803.50 | x |
| 1992-04-30 | GBX-0.99 | GBX803.50 | x |
| 1993-04-30 | GBX0.25 | GBX803.50 | x |
| 1994-04-30 | GBX0.26 | GBX803.50 | x |
| 1995-04-30 | GBX0.30 | GBX803.50 | x |
| 1996-04-30 | GBX0.34 | GBX803.50 | x |
| 1997-04-30 | GBX0.38 | GBX803.50 | x |
| 1998-04-30 | GBX0.38 | GBX803.50 | x |
| 1999-04-30 | GBX0.52 | GBX803.50 | x |
| 1999-12-31 | GBX0.52 | GBX803.50 | x |
| 2000-12-31 | GBX0.57 | GBX803.50 | x |
| 2001-12-31 | GBX0.60 | GBX803.50 | x |
| 2002-12-31 | GBX0.66 | GBX803.50 | x |
| 2003-12-31 | GBX0.69 | GBX803.50 | x |
| 2004-12-31 | GBX0.38 | GBX803.50 | x |
| 2005-12-31 | GBX0.07 | GBX803.50 | x |
| 2006-12-31 | GBX-0.13 | GBX803.50 | x |
| 2007-12-31 | GBX0.06 | GBX803.50 | x |
| 2008-12-31 | GBX-0.09 | GBX803.50 | x |
| 2009-12-31 | GBX-0.12 | GBX803.50 | x |
| 2010-12-31 | GBX0.04 | GBX803.50 | x |
| 2011-12-31 | GBX0.11 | GBX803.50 | x |
| 2012-12-31 | GBX0.18 | GBX803.50 | x |
| 2013-12-28 | GBX0.41 | GBX803.50 | x |
| 2014-12-31 | GBX0.46 | GBX803.50 | x |
| 2015-12-31 | GBX0.65 | GBX803.50 | x |
| 2016-12-31 | GBX0.63 | GBX803.50 | x |
| 2017-12-31 | GBX0.73 | GBX803.50 | x |
| 2018-12-31 | GBX0.93 | GBX803.50 | x |
| 2019-12-31 | GBX1.03 | GBX803.50 | x |
| 2020-12-31 | GBX1.21 | GBX803.50 | x |
| 2021-12-31 | GBX1.67 | GBX803.50 | x |
| 2022-12-31 | GBX1.53 | GBX803.50 | x |
| 2023-12-31 | GBX1.78 | GBX803.50 | x |
| 2024-12-31 | GBX2.06 | GBX803.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Howden Joinery Group Plc 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): 22.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.74%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.98x
- Recent ROE (22.09%) is below the historical average (24.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 0.00% | 7.61% | 1.40x | 0.00x | GBX90.57 Million |
| 1990 | 0.00% | -1.55% | 1.60x | 0.00x | GBX36.06 Million |
| 1991 | 0.00% | -3.95% | 1.72x | 0.00x | GBX23.71 Million |
| 1992 | 0.00% | 0.62% | 1.86x | 0.00x | GBX48.05 Million |
| 1993 | 12.90% | 2.53% | 1.74x | 2.92x | GBX3.44 Million |
| 1994 | 37.87% | 8.83% | 1.76x | 2.44x | GBX42.83 Million |
| 1995 | 25.43% | 6.15% | 1.90x | 2.17x | GBX26.88 Million |
| 1996 | 23.95% | 6.16% | 1.67x | 2.33x | GBX27.49 Million |
| 1997 | 21.73% | 5.74% | 1.67x | 2.26x | GBX26.18 Million |
| 1998 | 18.47% | 4.70% | 1.66x | 2.37x | GBX19.17 Million |
| 1999 | -8.02% | -3.06% | 1.20x | 2.18x | GBX-55.72 Million |
| 1999 | 3.36% | 1.95% | 1.03x | 1.68x | GBX-20.52 Million |
| 2000 | 14.28% | 5.50% | 1.67x | 1.56x | GBX14.84 Million |
| 2001 | 11.16% | 3.89% | 1.74x | 1.65x | GBX4.35 Million |
| 2002 | 13.73% | 4.46% | 1.70x | 1.81x | GBX15.59 Million |
| 2003 | 19.41% | 5.86% | 1.73x | 1.91x | GBX42.08 Million |
| 2004 | 3.39% | 0.49% | 1.69x | 4.11x | GBX-14.45 Million |
| 2005 | -304.37% | -20.17% | 0.82x | 18.44x | GBX-129.52 Million |
| 2006 | 0.00% | -23.29% | 1.61x | 0.00x | GBX-162.95 Million |
| 2007 | 118.33% | 4.50% | 2.37x | 11.10x | GBX40.19 Million |
| 2008 | 0.00% | -6.35% | 2.02x | 0.00x | GBX-45.42 Million |
| 2009 | 0.00% | 5.94% | 2.14x | 0.00x | GBX53.07 Million |
| 2010 | 289.61% | 8.28% | 2.13x | 16.43x | GBX64.59 Million |
| 2011 | 104.42% | 8.59% | 2.11x | 5.78x | GBX66.28 Million |
| 2012 | 74.65% | 9.49% | 1.98x | 3.98x | GBX72.92 Million |
| 2013 | 37.18% | 10.17% | 1.88x | 1.94x | GBX71.13 Million |
| 2014 | 53.51% | 14.47% | 1.69x | 2.19x | GBX128.31 Million |
| 2015 | 41.59% | 14.37% | 1.78x | 1.63x | GBX133.23 Million |
| 2016 | 46.75% | 14.20% | 1.75x | 1.88x | GBX145.90 Million |
| 2017 | 40.73% | 13.18% | 1.74x | 1.78x | GBX139.58 Million |
| 2018 | 33.57% | 12.60% | 1.75x | 1.53x | GBX133.69 Million |
| 2019 | 33.97% | 13.20% | 1.68x | 1.53x | GBX147.48 Million |
| 2020 | 20.48% | 9.54% | 0.92x | 2.34x | GBX75.52 Million |
| 2021 | 31.72% | 15.02% | 1.02x | 2.07x | GBX215.35 Million |
| 2022 | 42.93% | 16.14% | 1.14x | 2.33x | GBX287.03 Million |
| 2023 | 26.02% | 11.02% | 1.12x | 2.11x | GBX156.76 Million |
| 2024 | 22.09% | 10.74% | 1.04x | 1.98x | GBX136.43 Million |
Industry Comparison
This section compares Howden Joinery Group Plc's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $23,596,226
- Average return on equity (ROE) among peers: 11.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Howden Joinery Group Plc (HWDN) | GBX1.08 Billion | 0.00% | 1.08x | $52.70 Million |
| Colefax Group (CFX) | $14.64 Million | 17.32% | 1.20x | $886.18K |
| Churchill China plc (CHH) | $33.89 Million | 18.92% | 0.52x | $454.96K |
| Headlam Group (HEAD) | $1.77 Million | 0.90% | 1.16x | $226.62K |
| Likewise Group PLC (LIKE) | $39.52 Million | 2.14% | 1.57x | $833.99K |
| Portmeirion Group PLC (PMP) | $31.50 Million | 17.81% | 0.32x | $88.10K |
| Sanderson Design Group PLC (SDG) | $21.39 Million | 14.15% | 1.37x | $650.65K |
| Victoria PLC (VCP) | $22.45 Million | 9.31% | 0.90x | $701.76K |
About Howden Joinery Group Plc
Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, such as fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances. Howden Jo… Read more