Tandem Group (TND) - Net Assets
Based on the latest financial reports, Tandem Group (TND) has net assets worth GBX26.09 Million GBX (≈ $3.17K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX35.00 Million ≈ $4.26K USD) and total liabilities (GBX8.91 Million ≈ $1.08K 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. Also explore TND total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX26.09 Million |
| % of Total Assets | 74.55% |
| Annual Growth Rate | 4.01% |
| 5-Year Change | 14.74% |
| 10-Year Change | 217.64% |
| Growth Volatility | 110.9 |
Tandem Group - Net Assets Trend (1986–2025)
This chart illustrates how Tandem Group's net assets have evolved over time, based on quarterly financial data. Check TND tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tandem Group (1986–2025)
The table below shows the annual net assets of Tandem Group from 1986 to 2025. For live valuation and market cap data, see Tandem Group stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX26.09 Million ≈ $3.17K |
+9.10% |
| 2024-12-31 | GBX23.91 Million ≈ $2.91K |
+0.44% |
| 2023-12-31 | GBX23.81 Million ≈ $2.90K |
-11.11% |
| 2022-12-31 | GBX26.79 Million ≈ $3.26K |
+17.81% |
| 2021-12-31 | GBX22.74 Million ≈ $2.77K |
+36.92% |
| 2020-12-31 | GBX16.61 Million ≈ $2.02K |
+16.05% |
| 2019-12-31 | GBX14.31 Million ≈ $1.74K |
+15.34% |
| 2018-12-31 | GBX12.41 Million ≈ $1.51K |
+12.11% |
| 2017-12-31 | GBX11.07 Million ≈ $1.35K |
+34.75% |
| 2016-12-31 | GBX8.21 Million ≈ $999.41 |
+5.05% |
| 2015-12-31 | GBX7.82 Million ≈ $951.35 |
+18.72% |
| 2014-12-31 | GBX6.59 Million ≈ $801.33 |
+16.77% |
| 2013-12-31 | GBX5.64 Million ≈ $686.22 |
+1.40% |
| 2012-12-31 | GBX5.56 Million ≈ $676.73 |
-9.53% |
| 2011-12-31 | GBX6.15 Million ≈ $748.03 |
-29.05% |
| 2011-01-31 | GBX8.66 Million ≈ $1.05K |
+23.73% |
| 2010-01-31 | GBX7.00 Million ≈ $852.06 |
+2.11% |
| 2009-01-31 | GBX6.86 Million ≈ $834.42 |
-0.52% |
| 2008-01-31 | GBX6.89 Million ≈ $838.80 |
+36.19% |
| 2007-01-31 | GBX5.06 Million ≈ $615.90 |
+72.06% |
| 2006-01-31 | GBX2.94 Million ≈ $357.96 |
-51.95% |
| 2005-01-31 | GBX6.12 Million ≈ $744.99 |
-16.12% |
| 2004-01-31 | GBX7.30 Million ≈ $888.20 |
+34.41% |
| 2003-01-31 | GBX5.43 Million ≈ $660.80 |
+75.65% |
| 2002-01-31 | GBX3.09 Million ≈ $376.21 |
+63.34% |
| 2001-01-31 | GBX1.89 Million ≈ $230.32 |
+139.26% |
| 2000-01-31 | GBX-4.82 Million ≈ $-586.70 |
+1.45% |
| 1999-01-31 | GBX-4.89 Million ≈ $-595.34 |
-629.55% |
| 1998-01-31 | GBX924.00K ≈ $112.42 |
-70.67% |
| 1997-01-31 | GBX3.15 Million ≈ $383.26 |
-58.02% |
| 1996-01-31 | GBX7.50 Million ≈ $912.90 |
-0.85% |
| 1995-01-31 | GBX7.57 Million ≈ $920.69 |
+9.52% |
| 1994-01-31 | GBX6.91 Million ≈ $840.63 |
+102.61% |
| 1993-01-31 | GBX3.41 Million ≈ $414.90 |
-57.98% |
| 1992-01-31 | GBX8.12 Million ≈ $987.36 |
-28.93% |
| 1990-09-30 | GBX11.42 Million ≈ $1.39K |
-2.08% |
| 1989-09-30 | GBX11.66 Million ≈ $1.42K |
-1.69% |
| 1988-09-30 | GBX11.86 Million ≈ $1.44K |
+3.72% |
| 1987-09-30 | GBX11.44 Million ≈ $1.39K |
+104.84% |
| 1986-09-30 | GBX5.58 Million ≈ $679.29 |
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Equity Component Analysis
This analysis shows how different components contribute to Tandem Group'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 1599600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX16.00 Million | 61.31% |
| Common Stock | GBX1.50 Million | 5.76% |
| Other Comprehensive Income | GBX2.11 Million | 8.09% |
| Other Components | GBX6.48 Million | 24.84% |
| Total Equity | GBX26.09 Million | 100.00% |
Tandem Group Competitors by Market Cap
The table below lists competitors of Tandem Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haydale Graphene Industries
LSE:HAYD
|
$131.49K |
|
REVEZ CORPORATION LTD.
F:7IQ
|
$131.66K |
|
Eenergy Group PLC
LSE:EAAS
|
$131.92K |
|
LPA Group
LSE:LPA
|
$132.63K |
|
CleanTech Lithium plc
LSE:CTL
|
$129.63K |
|
GSTechnologies Ltd
LSE:GST
|
$129.14K |
|
Angus Energy PLC
LSE:ANGS
|
$129.12K |
|
Matahari Department Store Tbk
JK:LPPF
|
$128.83K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tandem Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,915,000 to 26,091,000, a change of 2,176,000 (9.1%).
- Net income of 850,000 contributed positively to equity growth.
- New share issuances of 58,000 increased equity.
- Other comprehensive income decreased equity by 4,041,000.
- Other factors increased equity by 5,309,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX850.00K | +3.26% |
| Share Issuances | GBX58.00K | +0.22% |
| Other Comprehensive Income | GBX-4.04 Million | -15.49% |
| Other Changes | GBX5.31 Million | +20.35% |
| Total Change | GBX- | 9.10% |
Book Value vs Market Value Analysis
This analysis compares Tandem Group'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: 41.27x
- 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 183.40x to 41.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | GBX1.06 | GBX195.00 | x |
| 1986-09-30 | GBX44.13 | GBX195.00 | x |
| 1987-09-30 | GBX65.20 | GBX195.00 | x |
| 1988-09-30 | GBX52.50 | GBX195.00 | x |
| 1989-09-30 | GBX49.88 | GBX195.00 | x |
| 1990-09-30 | GBX46.26 | GBX195.00 | x |
| 1993-01-31 | GBX13.66 | GBX195.00 | x |
| 1994-01-31 | GBX11.75 | GBX195.00 | x |
| 1995-01-31 | GBX10.10 | GBX195.00 | x |
| 1996-01-31 | GBX7.42 | GBX195.00 | x |
| 1997-01-31 | GBX1.44 | GBX195.00 | x |
| 1998-01-31 | GBX-0.09 | GBX195.00 | x |
| 1999-01-31 | GBX-3.97 | GBX195.00 | x |
| 2000-01-31 | GBX-3.99 | GBX195.00 | x |
| 2001-01-31 | GBX0.35 | GBX195.00 | x |
| 2002-01-31 | GBX0.40 | GBX195.00 | x |
| 2003-01-31 | GBX1.18 | GBX195.00 | x |
| 2004-01-31 | GBX1.15 | GBX195.00 | x |
| 2005-01-31 | GBX1.00 | GBX195.00 | x |
| 2006-01-31 | GBX0.49 | GBX195.00 | x |
| 2007-01-31 | GBX0.84 | GBX195.00 | x |
| 2008-01-31 | GBX1.13 | GBX195.00 | x |
| 2009-01-31 | GBX1.17 | GBX195.00 | x |
| 2010-01-31 | GBX1.24 | GBX195.00 | x |
| 2011-01-31 | GBX1.52 | GBX195.00 | x |
| 2012-12-31 | GBX1.19 | GBX195.00 | x |
| 2013-12-31 | GBX1.20 | GBX195.00 | x |
| 2014-12-31 | GBX1.38 | GBX195.00 | x |
| 2015-12-31 | GBX1.58 | GBX195.00 | x |
| 2016-12-31 | GBX1.66 | GBX195.00 | x |
| 2017-12-31 | GBX2.21 | GBX195.00 | x |
| 2018-12-31 | GBX2.46 | GBX195.00 | x |
| 2019-12-31 | GBX2.78 | GBX195.00 | x |
| 2020-12-31 | GBX3.11 | GBX195.00 | x |
| 2021-12-31 | GBX4.17 | GBX195.00 | x |
| 2022-12-31 | GBX4.89 | GBX195.00 | x |
| 2023-12-31 | GBX4.35 | GBX195.00 | x |
| 2024-12-31 | GBX4.37 | GBX195.00 | x |
| 2025-12-31 | GBX4.73 | GBX195.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tandem Group 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): 3.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.25%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.34x
- Recent ROE (3.26%) is above the historical average (2.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 10.84% | 1.94% | 2.44x | 2.29x | GBX45.70K |
| 1987 | 6.76% | 2.17% | 1.87x | 1.67x | GBX-367.10K |
| 1988 | 11.68% | 3.71% | 1.87x | 1.69x | GBX197.60K |
| 1989 | 12.69% | 3.50% | 1.51x | 2.41x | GBX313.90K |
| 1990 | 1.70% | 0.39% | 1.60x | 2.72x | GBX-947.90K |
| 1993 | -174.22% | -29.11% | 1.49x | 4.03x | GBX-6.28 Million |
| 1994 | 1.69% | 0.81% | 1.42x | 1.48x | GBX-573.90K |
| 1995 | 11.79% | 8.96% | 1.02x | 1.29x | GBX135.30K |
| 1996 | -34.93% | -12.69% | 0.43x | 6.37x | GBX-2.96 Million |
| 1997 | -158.20% | -5.64% | 2.29x | 12.27x | GBX-3.65 Million |
| 1998 | 0.00% | -5.87% | 1.46x | 0.00x | GBX-2.29 Million |
| 1999 | 0.00% | -18.82% | 1.88x | 0.00x | GBX-5.28 Million |
| 2000 | 0.00% | 0.03% | 2.49x | 0.00x | GBX606.50K |
| 2001 | 212.08% | 6.03% | 1.90x | 18.55x | GBX1.52 Million |
| 2002 | 26.11% | 1.44% | 2.17x | 8.35x | GBX314.70K |
| 2003 | 8.37% | 1.06% | 2.05x | 3.87x | GBX-76.90K |
| 2004 | 8.84% | 1.02% | 2.35x | 3.70x | GBX-76.10K |
| 2005 | 18.05% | 2.10% | 2.26x | 3.81x | GBX492.70K |
| 2006 | -78.48% | -5.40% | 2.54x | 5.73x | GBX-2.60 Million |
| 2007 | 18.69% | 2.80% | 2.10x | 3.18x | GBX439.80K |
| 2008 | 16.03% | 3.17% | 1.95x | 2.60x | GBX415.60K |
| 2009 | 4.59% | 0.90% | 1.83x | 2.80x | GBX-370.80K |
| 2010 | 14.29% | 2.81% | 2.24x | 2.28x | GBX300.70K |
| 2011 | 12.52% | 3.13% | 1.84x | 2.17x | GBX218.50K |
| 2012 | 12.10% | 2.32% | 1.87x | 2.78x | GBX116.80K |
| 2013 | 6.28% | 1.25% | 1.46x | 3.45x | GBX-210.00K |
| 2014 | 24.69% | 5.19% | 1.36x | 3.48x | GBX967.40K |
| 2015 | 12.80% | 2.91% | 1.46x | 3.01x | GBX219.10K |
| 2016 | 9.46% | 2.02% | 1.64x | 2.85x | GBX-44.40K |
| 2017 | 15.76% | 4.73% | 1.58x | 2.11x | GBX637.20K |
| 2018 | 13.07% | 4.99% | 1.33x | 1.97x | GBX381.20K |
| 2019 | 14.21% | 5.24% | 1.48x | 1.83x | GBX602.90K |
| 2020 | 20.82% | 9.33% | 1.14x | 1.95x | GBX1.80 Million |
| 2021 | 16.83% | 9.35% | 1.04x | 1.73x | GBX1.55 Million |
| 2022 | 2.52% | 2.53% | 0.74x | 1.35x | GBX-2.00 Million |
| 2023 | -5.20% | -5.56% | 0.68x | 1.37x | GBX-3.62 Million |
| 2024 | -0.25% | -0.24% | 0.70x | 1.46x | GBX-2.45 Million |
| 2025 | 3.26% | 3.25% | 0.75x | 1.34x | GBX-1.76 Million |
Industry Comparison
This section compares Tandem Group's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $50,811,000
- Average return on equity (ROE) among peers: -17.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tandem Group (TND) | GBX26.09 Million | 10.84% | 0.34x | $130.91K |
| Hollywood Bowl Group PLC (BOWL) | $101.64 Million | 21.93% | 0.57x | $5.94 Million |
| Character Group (CCT) | $2.46 Million | 50.83% | 8.10x | $675.65K |
| Games Workshop Group PLC (GAW) | $29.53 Million | -2.51% | 1.29x | $76.27 Million |
| The GYM Group PLC (GYM) | $131.60 Million | 3.34% | 3.45x | $4.45 Million |
| Hornby PLC (HRN) | $13.27 Million | 6.22% | 0.39x | $13.31K |
| Brighton Pier Group PLC (PIER) | $3.93 Million | -146.93% | 1.91x | $52.17K |
| Focusrite Plc (TUNE) | $115.96 Million | 2.25% | 0.75x | $1.65 Million |
| XP Factory PLC (XPF) | $8.10 Million | -74.62% | 0.56x | $400.73K |
About Tandem Group
Tandem Group plc designs, develops, distributes, and retails of sports, leisure, and mobility products in the United Kingdom. It operates in four segments: Toy, Sports & Leisure, Bicycles, and Home & Garden. The company offers bicycles and accessories under the Amflow, Boss, Claud Butler, Dashel, Dawes, Elswick, Falcon, Gocycle, Hoy, Orbea, Pure, Swytch, Squish, Tern, Trek, Whyte, VanMoof, and Zo… Read more