Applus Servicios Tecnologicos
Applus Services, S.A., together with its subsidiaries, provides testing, inspection, and certification services. It operates through four segments: Applus+ Energy & Industry, Applus+ Laboratories, Applus+ Automotive, and Applus+ IDIADA. The Applus+ Energy & Industry segment offers non-destructive testing, quality accreditation and control, project management, supplier inspection, and facility ins… Read more
Applus Servicios Tecnologicos (APPS) - Net Assets
Latest net assets as of June 2024: €589.16 Million EUR
Based on the latest financial reports, Applus Servicios Tecnologicos (APPS) has net assets worth €589.16 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.41 Billion) and total liabilities (€1.82 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 | €589.16 Million |
| % of Total Assets | 24.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | -28.55% |
| 10-Year Change | -7.03% |
| Growth Volatility | 4237.05 |
Applus Servicios Tecnologicos - Net Assets Trend (2010–2023)
This chart illustrates how Applus Servicios Tecnologicos's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Applus Servicios Tecnologicos (2010–2023)
The table below shows the annual net assets of Applus Servicios Tecnologicos from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €589.09 Million | -8.38% |
| 2022-12-31 | €642.95 Million | -3.51% |
| 2021-12-31 | €666.35 Million | +5.12% |
| 2020-12-31 | €633.87 Million | -23.12% |
| 2019-12-31 | €824.46 Million | +1.67% |
| 2018-12-31 | €810.88 Million | +2.00% |
| 2017-12-31 | €794.96 Million | +20.89% |
| 2016-12-31 | €657.59 Million | +0.97% |
| 2015-12-31 | €651.30 Million | +2.79% |
| 2014-12-31 | €633.64 Million | +96.02% |
| 2013-12-31 | €323.25 Million | -17.20% |
| 2012-12-31 | €390.40 Million | +15336.89% |
| 2011-12-31 | €2.53 Million | +102.11% |
| 2010-12-31 | €-119.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applus Servicios Tecnologicos'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 46963200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €156.15 Million | 28.89% |
| Common Stock | €11.68 Million | 2.16% |
| Other Comprehensive Income | €-75.65 Million | -14.00% |
| Other Components | €448.36 Million | 82.95% |
| Total Equity | €540.53 Million | 100.00% |
Applus Servicios Tecnologicos Competitors by Market Cap
The table below lists competitors of Applus Servicios Tecnologicos ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thai Rung Union Car Public Company Limited
BK:TRU
|
$17.77 Million |
|
Volitionrx Ltd
NYSE MKT:VNRX
|
$17.77 Million |
|
Acanthe Développement
PA:ACAN
|
$17.78 Million |
|
ParaZero Technologies Ltd. Ordinary Shares
NASDAQ:PRZO
|
$17.78 Million |
|
SYSTEM1 GROUP LS-01
F:BBA
|
$17.77 Million |
|
Eildon Capital Group
AU:EDC
|
$17.75 Million |
|
Farmacias Benavides S.A.B. de C.V.
MX:BEVIDESB
|
$17.74 Million |
|
Kwang Myung El
KO:017040
|
$17.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applus Servicios Tecnologicos's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 606,747,000 to 540,529,000, a change of -66,218,000 (-10.9%).
- Net income of 20,191,000 contributed positively to equity growth.
- Dividend payments of 20,628,000 reduced retained earnings.
- Share repurchases of 36,103,000 reduced equity.
- Other comprehensive income decreased equity by 32,214,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €20.19 Million | +3.74% |
| Dividends Paid | €20.63 Million | -3.82% |
| Share Repurchases | €36.10 Million | -6.68% |
| Other Comprehensive Income | €-32.21 Million | -5.96% |
| Other Changes | €2.54 Million | +0.47% |
| Total Change | €- | -10.91% |
Book Value vs Market Value Analysis
This analysis compares Applus Servicios Tecnologicos'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: 3.05x
- 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 |
|---|---|---|---|
| 2011-12-31 | €-0.03 | €12.70 | x |
| 2012-12-31 | €0.59 | €12.70 | x |
| 2013-12-31 | €0.48 | €12.70 | x |
| 2014-12-31 | €4.84 | €12.70 | x |
| 2015-12-31 | €4.65 | €12.70 | x |
| 2016-12-31 | €4.72 | €12.70 | x |
| 2017-12-31 | €5.58 | €12.70 | x |
| 2018-12-31 | €5.29 | €12.70 | x |
| 2019-12-31 | €5.43 | €12.70 | x |
| 2020-12-31 | €4.09 | €12.70 | x |
| 2021-12-31 | €4.32 | €12.70 | x |
| 2022-12-31 | €4.43 | €12.70 | x |
| 2023-12-31 | €4.16 | €12.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applus Servicios Tecnologicos 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): 3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.98%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 4.52x
- Recent ROE (3.74%) is above the historical average (0.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.00% | -9.28% | 0.50x | 0.00x | €-89.07 Million |
| 2012 | -19.45% | -5.80% | 0.55x | 6.10x | €-104.72 Million |
| 2013 | 1.58% | 0.29% | 0.78x | 7.01x | €-24.29 Million |
| 2014 | 4.01% | 1.47% | 0.82x | 3.31x | €-35.66 Million |
| 2015 | 6.33% | 2.25% | 0.84x | 3.36x | €-22.17 Million |
| 2016 | 3.19% | 1.23% | 0.79x | 3.26x | €-41.77 Million |
| 2017 | 4.79% | 2.25% | 0.79x | 2.70x | €-38.78 Million |
| 2018 | 5.45% | 2.46% | 0.84x | 2.64x | €-34.41 Million |
| 2019 | 9.86% | 4.30% | 0.82x | 2.80x | €-1.06 Million |
| 2020 | -24.11% | -9.06% | 0.72x | 3.69x | €-199.61 Million |
| 2021 | 8.10% | 2.81% | 0.77x | 3.73x | €-11.76 Million |
| 2022 | 8.01% | 2.37% | 0.84x | 4.01x | €-12.07 Million |
| 2023 | 3.74% | 0.98% | 0.84x | 4.52x | €-33.86 Million |
Industry Comparison
This section compares Applus Servicios Tecnologicos's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $97,919,172
- Average return on equity (ROE) among peers: -16.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applus Servicios Tecnologicos (APPS) | €589.16 Million | 0.00% | 3.10x | $17.77 Million |
| Innovative Solutions Ecosystem SA (ISE) | $97.92 Million | -16.67% | 1.78x | $8.01 Million |