Ricardo

LSE:RCDO UK Consulting Services
Market Cap
$478.51
GBX3.93 Million GBX
Market Cap Rank
#43028 Global
#691 in UK
Share Price
GBX430.00
Change (1 day)
+0.23%
52-Week Range
GBX225.00 - GBX445.00
All Time High
GBX917.54
Categories
Companies in UK Consulting Services
About

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. The company operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Established, Automotive and Industrial (A&I) Emerging, Defense, and Performance Products (PP) segments. The EE segment pro… Read more

Ricardo (RCDO) - Net Assets

Latest net assets as of December 2024: GBX183.80 Million GBX

Based on the latest financial reports, Ricardo (RCDO) has net assets worth GBX183.80 Million GBX as of December 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX457.70 Million) and total liabilities (GBX273.90 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 GBX183.80 Million
% of Total Assets 40.16%
Annual Growth Rate 6.87%
5-Year Change 10.8%
10-Year Change 42.41%
Growth Volatility 18.52

Ricardo - Net Assets Trend (1986–2024)

This chart illustrates how Ricardo's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Ricardo (1986–2024)

The table below shows the annual net assets of Ricardo from 1986 to 2024.

Year Net Assets Change
2024-06-30 GBX165.20 Million -6.46%
2023-06-30 GBX176.60 Million -10.63%
2022-06-30 GBX197.60 Million +8.10%
2021-06-30 GBX182.80 Million +22.60%
2020-06-30 GBX149.10 Million -13.26%
2019-06-30 GBX171.90 Million +0.64%
2018-06-30 GBX170.80 Million +9.70%
2017-06-30 GBX155.70 Million +11.61%
2016-06-30 GBX139.50 Million +20.26%
2015-06-30 GBX116.00 Million +7.81%
2014-06-30 GBX107.60 Million +7.71%
2013-06-30 GBX99.90 Million +11.25%
2012-06-30 GBX89.80 Million +0.22%
2011-06-30 GBX89.60 Million +38.27%
2010-06-30 GBX64.80 Million -3.14%
2009-06-30 GBX66.90 Million -0.30%
2008-06-30 GBX67.10 Million +8.75%
2007-06-30 GBX61.70 Million +23.15%
2006-06-30 GBX50.10 Million +36.51%
2005-06-30 GBX36.70 Million -34.65%
2004-06-30 GBX56.16 Million -13.52%
2003-06-30 GBX64.94 Million +15.57%
2002-06-30 GBX56.19 Million +15.89%
2001-06-30 GBX48.49 Million +27.02%
2000-06-30 GBX38.17 Million +21.66%
1999-06-30 GBX31.38 Million +17.05%
1998-06-30 GBX26.81 Million +14.72%
1997-06-30 GBX23.37 Million -16.29%
1996-06-30 GBX27.92 Million +0.60%
1995-06-30 GBX27.75 Million +6.18%
1994-06-30 GBX26.14 Million +19.38%
1993-06-30 GBX21.89 Million -0.31%
1992-06-30 GBX21.96 Million -3.11%
1991-06-30 GBX22.67 Million +1.06%
1990-06-30 GBX22.43 Million +78.52%
1989-06-30 GBX12.56 Million -3.86%
1988-06-30 GBX13.07 Million +1.80%
1987-06-30 GBX12.84 Million -3.12%
1986-06-30 GBX13.25 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ricardo'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 980.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2024)

Component Amount Percentage
Retained Earnings GBX96.10 Million 58.35%
Common Stock GBX15.60 Million 9.47%
Other Comprehensive Income GBX36.20 Million 21.98%
Other Components GBX16.80 Million 10.20%
Total Equity GBX164.70 Million 100.00%

Ricardo Competitors by Market Cap

The table below lists competitors of Ricardo ranked by their market capitalization.

Company Market Cap
Coloseum Holding a.s.
PR:COLOS
 		$32.56K
Bata Pakistan Ltd
KAR:BATA
 		$32.66K
Hansung Enterprise Co. Ltd.
KQ:003680
 		$32.69K
EUCA4F
SA:EUCA4F
 		$32.70K
SINGTEL (SIT4.SG)
STU:SIT4
 		$32.53K
Hanshin Machinery Co. Ltd.
KQ:011700
 		$32.47K
Aquabb
WAR:AQU
 		$32.47K
Western Sierra Mining Corp
PINK:WSRC
 		$32.46K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ricardo's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 176,200,000 to 164,700,000, a change of -11,500,000 (-6.5%).
  • Net income of 700,000 contributed positively to equity growth.
  • Dividend payments of 7,700,000 reduced retained earnings.
  • Share repurchases of 700,000 reduced equity.
  • Other comprehensive income increased equity by 23,500,000.
  • Other factors decreased equity by 26,600,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX700.00K +0.43%
Dividends Paid GBX7.70 Million -4.68%
Share Repurchases GBX700.00K -0.43%
Other Comprehensive Income GBX23.50 Million +14.27%
Other Changes GBX-26.60 Million -16.15%
Total Change GBX- -6.53%

Book Value vs Market Value Analysis

This analysis compares Ricardo'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: 163.96x
  • 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 484.22x to 163.96x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1986-06-30 GBX0.89 GBX430.00 x
1987-06-30 GBX0.86 GBX430.00 x
1988-06-30 GBX0.87 GBX430.00 x
1989-06-30 GBX0.83 GBX430.00 x
1990-06-30 GBX1.12 GBX430.00 x
1991-06-30 GBX0.70 GBX430.00 x
1992-06-30 GBX0.67 GBX430.00 x
1993-06-30 GBX0.67 GBX430.00 x
1994-06-30 GBX0.76 GBX430.00 x
1995-06-30 GBX0.63 GBX430.00 x
1996-06-30 GBX0.61 GBX430.00 x
1997-06-30 GBX0.51 GBX430.00 x
1998-06-30 GBX0.58 GBX430.00 x
1999-06-30 GBX0.64 GBX430.00 x
2000-06-30 GBX0.78 GBX430.00 x
2001-06-30 GBX0.98 GBX430.00 x
2002-06-30 GBX1.14 GBX430.00 x
2003-06-30 GBX1.30 GBX430.00 x
2004-06-30 GBX1.12 GBX430.00 x
2005-06-30 GBX0.72 GBX430.00 x
2006-06-30 GBX0.98 GBX430.00 x
2007-06-30 GBX1.20 GBX430.00 x
2008-06-30 GBX1.30 GBX430.00 x
2009-06-30 GBX1.30 GBX430.00 x
2010-06-30 GBX1.26 GBX430.00 x
2011-06-30 GBX1.73 GBX430.00 x
2012-06-30 GBX1.72 GBX430.00 x
2013-06-30 GBX1.91 GBX430.00 x
2014-06-30 GBX2.04 GBX430.00 x
2015-06-30 GBX2.19 GBX430.00 x
2016-06-30 GBX2.62 GBX430.00 x
2017-06-30 GBX2.91 GBX430.00 x
2018-06-30 GBX3.18 GBX430.00 x
2019-06-30 GBX3.20 GBX430.00 x
2020-06-30 GBX2.78 GBX430.00 x
2021-06-30 GBX3.10 GBX430.00 x
2022-06-30 GBX3.17 GBX430.00 x
2023-06-30 GBX2.83 GBX430.00 x
2024-06-30 GBX2.62 GBX430.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ricardo 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): 0.43%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.15%
  • • Asset Turnover: 1.11x
  • • Equity Multiplier: 2.60x
  • Recent ROE (0.43%) is below the historical average (10.55%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1986 12.90% 10.08% 0.89x 1.43x GBX382.00K
1987 -0.43% -0.33% 1.02x 1.26x GBX-1.33 Million
1988 5.30% 6.01% 0.70x 1.26x GBX-611.80K
1989 8.06% 6.29% 0.86x 1.48x GBX-242.40K
1990 12.07% 8.18% 0.80x 1.85x GBX463.10K
1991 12.19% 4.34% 1.60x 1.76x GBX494.40K
1992 5.27% 2.00% 1.49x 1.76x GBX-1.04 Million
1993 6.12% 2.04% 1.58x 1.90x GBX-846.30K
1994 10.99% 4.56% 1.00x 2.42x GBX259.40K
1995 14.46% 4.66% 1.43x 2.17x GBX1.24 Million
1996 9.56% 2.62% 1.37x 2.68x GBX-122.00K
1997 -64.72% -15.94% 1.56x 2.61x GBX-17.43 Million
1998 20.03% 6.51% 1.29x 2.39x GBX2.69 Million
1999 23.04% 7.56% 1.23x 2.47x GBX4.09 Million
2000 23.55% 7.37% 1.27x 2.51x GBX5.13 Million
2001 22.11% 7.61% 1.29x 2.26x GBX5.83 Million
2002 21.57% 8.42% 1.19x 2.16x GBX6.47 Million
2003 18.98% 8.94% 0.96x 2.22x GBX5.78 Million
2004 -2.29% -0.87% 1.21x 2.17x GBX-6.84 Million
2005 20.44% 4.68% 1.00x 4.37x GBX3.78 Million
2006 24.44% 7.04% 0.94x 3.71x GBX7.15 Million
2007 24.51% 8.75% 1.12x 2.49x GBX8.88 Million
2008 18.44% 6.76% 1.00x 2.73x GBX5.63 Million
2009 13.45% 5.03% 1.14x 2.33x GBX2.31 Million
2010 11.73% 4.67% 1.01x 2.48x GBX1.12 Million
2011 16.96% 7.74% 1.19x 1.84x GBX6.24 Million
2012 16.82% 7.65% 1.19x 1.85x GBX6.12 Million
2013 17.02% 7.40% 1.32x 1.74x GBX7.01 Million
2014 17.84% 8.13% 1.25x 1.76x GBX8.44 Million
2015 16.03% 7.22% 1.00x 2.21x GBX7.00 Million
2016 18.35% 7.70% 1.07x 2.22x GBX11.65 Million
2017 15.83% 6.99% 1.03x 2.19x GBX9.06 Million
2018 11.03% 4.97% 1.13x 1.96x GBX1.76 Million
2019 11.55% 5.15% 1.03x 2.17x GBX2.66 Million
2020 -4.37% -1.85% 0.83x 2.87x GBX-21.36 Million
2021 0.93% 0.49% 0.88x 2.14x GBX-16.56 Million
2022 4.36% 2.26% 0.91x 2.12x GBX-11.14 Million
2023 -3.06% -1.21% 0.99x 2.55x GBX-23.02 Million
2024 0.43% 0.15% 1.11x 2.60x GBX-15.77 Million

Industry Comparison

This section compares Ricardo's net assets metrics with peer companies in the Consulting Services industry.

Industry Context

  • Industry: Consulting Services
  • Average net assets among peers: $37,451,250
  • Average return on equity (ROE) among peers: 2.83%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ricardo (RCDO) GBX183.80 Million 12.90% 1.49x $32.55K
Begbies Traynor Group PLC (BEG) $60.98 Million -0.99% 0.71x $23.74K
Fintel PLC (FNTL) $-12.13 Million 0.00% 0.00x $28.90K
Gateley (Holdings) Plc (GTLY) $67.50 Million 2.02% 1.15x $18.42K
Science Group plc (SAG) $33.45 Million 10.27% 0.52x $28.12K