General de Alquiler de Maquinaria SA (GAM) - Net Assets
Based on the latest financial reports, General de Alquiler de Maquinaria SA (GAM) has net assets worth €107.48 Million EUR (≈ $125.66 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€551.32 Million ≈ $644.55 Million USD) and total liabilities (€443.83 Million ≈ $518.89 Million 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 tangible equity quality of General de Alquiler de Maquinaria SA to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €107.48 Million |
| % of Total Assets | 19.5% |
| Annual Growth Rate | 5.91% |
| 5-Year Change | 30.53% |
| 10-Year Change | 4554.97% |
| Growth Volatility | 128.83 |
General de Alquiler de Maquinaria SA - Net Assets Trend (2003–2024)
This chart illustrates how General de Alquiler de Maquinaria SA's net assets have evolved over time, based on quarterly financial data. See GAM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for General de Alquiler de Maquinaria SA (2003–2024)
The table below shows the annual net assets of General de Alquiler de Maquinaria SA from 2003 to 2024. For live valuation and market cap data, see General de Alquiler de Maquinaria SA market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €107.20 Million ≈ $125.33 Million |
+3.06% |
| 2023-12-31 | €104.03 Million ≈ $121.62 Million |
+6.64% |
| 2022-12-31 | €97.55 Million ≈ $114.04 Million |
+14.86% |
| 2021-12-31 | €84.92 Million ≈ $99.28 Million |
+3.40% |
| 2020-12-31 | €82.13 Million ≈ $96.02 Million |
+60.02% |
| 2019-12-31 | €51.32 Million ≈ $60.00 Million |
+395.54% |
| 2018-12-31 | €-17.37 Million ≈ $-20.30 Million |
-75.29% |
| 2017-12-31 | €-9.91 Million ≈ $-11.58 Million |
-22.63% |
| 2016-12-31 | €-8.08 Million ≈ $-9.45 Million |
-450.80% |
| 2015-12-31 | €2.30 Million ≈ $2.69 Million |
+103.21% |
| 2014-12-31 | €-71.80 Million ≈ $-83.94 Million |
-44.89% |
| 2013-12-31 | €-49.55 Million ≈ $-57.93 Million |
-55.60% |
| 2012-12-31 | €-31.84 Million ≈ $-37.23 Million |
-183.07% |
| 2011-12-31 | €38.33 Million ≈ $44.82 Million |
-75.79% |
| 2010-12-31 | €158.33 Million ≈ $185.10 Million |
-13.05% |
| 2009-12-31 | €182.10 Million ≈ $212.89 Million |
-4.05% |
| 2008-12-31 | €189.78 Million ≈ $221.88 Million |
+5.57% |
| 2007-12-31 | €179.78 Million ≈ $210.18 Million |
+57.83% |
| 2006-12-31 | €113.91 Million ≈ $133.17 Million |
+80.62% |
| 2005-12-31 | €63.06 Million ≈ $73.73 Million |
+25.18% |
| 2004-12-31 | €50.38 Million ≈ $58.90 Million |
+56.86% |
| 2003-12-31 | €32.12 Million ≈ $37.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to General de Alquiler de Maquinaria SA'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 decreased by 2359.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €94.61 Million | 89.96% |
| Other Components | €59.84 Million | 56.90% |
| Total Equity | €105.17 Million | 100.00% |
General de Alquiler de Maquinaria SA Competitors by Market Cap
The table below lists competitors of General de Alquiler de Maquinaria SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS
IS:INTEM
|
$112.67 Million |
|
Uniquest
KO:077500
|
$112.71 Million |
|
Perintis Triniti Properti PT
JK:TRIN
|
$112.73 Million |
|
ELK-Desa Resources Bhd
KLSE:5228
|
$112.75 Million |
|
Asia Pacific Satellite Inc
KQ:211270
|
$112.56 Million |
|
Thien Viet Securities JSC
VN:TVS
|
$112.56 Million |
|
Aeternal Mentis SA
MC:AMEN
|
$112.55 Million |
|
flyExclusive, Inc.
NYSE MKT:FLYX
|
$112.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General de Alquiler de Maquinaria SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 101,947,000 to 105,165,000, a change of 3,218,000 (3.2%).
- Net income of 4,397,000 contributed positively to equity growth.
- Share repurchases of 152,000 reduced equity.
- Other comprehensive income decreased equity by 3,025,000.
- Other factors increased equity by 1,998,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.40 Million | +4.18% |
| Share Repurchases | €152.00K | -0.14% |
| Other Comprehensive Income | €-3.02 Million | -2.88% |
| Other Changes | €2.00 Million | +1.9% |
| Total Change | €- | 3.16% |
Book Value vs Market Value Analysis
This analysis compares General de Alquiler de Maquinaria SA'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: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.07x to 1.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | €20.59 | €1.51 | x |
| 2004-12-31 | €28.01 | €1.51 | x |
| 2005-12-31 | €12.92 | €1.51 | x |
| 2006-12-31 | €26.06 | €1.51 | x |
| 2007-12-31 | €42.15 | €1.51 | x |
| 2008-12-31 | €41.40 | €1.51 | x |
| 2009-12-31 | €40.13 | €1.51 | x |
| 2010-12-31 | €109.34 | €1.51 | x |
| 2011-12-31 | €6.42 | €1.51 | x |
| 2012-12-31 | €-5.50 | €1.51 | x |
| 2013-12-31 | €-35.22 | €1.51 | x |
| 2014-12-31 | €-11.44 | €1.51 | x |
| 2015-12-31 | €0.07 | €1.51 | x |
| 2016-12-31 | €-0.12 | €1.51 | x |
| 2017-12-31 | €-0.11 | €1.51 | x |
| 2018-12-31 | €-0.15 | €1.51 | x |
| 2019-12-31 | €0.58 | €1.51 | x |
| 2020-12-31 | €1.21 | €1.51 | x |
| 2021-12-31 | €0.89 | €1.51 | x |
| 2022-12-31 | €0.99 | €1.51 | x |
| 2023-12-31 | €1.08 | €1.51 | x |
| 2024-12-31 | €1.20 | €1.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General de Alquiler de Maquinaria SA 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): 4.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.45%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 5.24x
- Recent ROE (4.18%) is above the historical average (-15.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.79% | 9.24% | 0.19x | 3.84x | €-1.03 Million |
| 2004 | 27.13% | 15.70% | 0.37x | 4.68x | €8.63 Million |
| 2005 | 20.52% | 10.24% | 0.39x | 5.15x | €6.64 Million |
| 2006 | 15.20% | 9.33% | 0.42x | 3.87x | €5.92 Million |
| 2007 | 13.91% | 507.88% | 0.01x | 5.27x | €7.02 Million |
| 2008 | 7.17% | 3.73% | 0.39x | 4.90x | €-5.36 Million |
| 2009 | -4.91% | -3.22% | 0.34x | 4.45x | €-27.15 Million |
| 2010 | -39.74% | -26.46% | 0.33x | 4.56x | €-78.76 Million |
| 2011 | -156.57% | -29.86% | 0.37x | 14.22x | €-63.85 Million |
| 2012 | 0.00% | -43.94% | 0.37x | 0.00x | €-58.15 Million |
| 2013 | 0.00% | -14.15% | 0.42x | 0.00x | €-11.98 Million |
| 2014 | 0.00% | -27.26% | 0.44x | 0.00x | €-21.01 Million |
| 2015 | -338.96% | -5.54% | 0.48x | 126.42x | €-5.99 Million |
| 2016 | 0.00% | -10.59% | 0.49x | 0.00x | €-10.27 Million |
| 2017 | 0.00% | -6.65% | 0.57x | 0.00x | €-6.70 Million |
| 2018 | 0.00% | -3.06% | 0.64x | 0.00x | €-2.28 Million |
| 2019 | 78.32% | 28.04% | 0.61x | 4.57x | €34.90 Million |
| 2020 | 1.39% | 0.85% | 0.49x | 3.35x | €-7.04 Million |
| 2021 | 3.11% | 1.56% | 0.50x | 4.01x | €-5.82 Million |
| 2022 | 8.19% | 3.43% | 0.50x | 4.81x | €-1.69 Million |
| 2023 | 8.90% | 3.23% | 0.52x | 5.27x | €-1.13 Million |
| 2024 | 4.18% | 1.45% | 0.55x | 5.24x | €-6.12 Million |
Industry Comparison
This section compares General de Alquiler de Maquinaria SA's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $46,771,321
- Average return on equity (ROE) among peers: 12.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General de Alquiler de Maquinaria SA (GAM) | €107.48 Million | 6.79% | 4.13x | $112.58 Million |
| Alquiber Quality SA (ALQ) | $46.77 Million | 12.99% | 5.12x | $83.70 Million |
About General de Alquiler de Maquinaria SA
General de Alquiler de Maquinaria, S.A. primarily engages in the equipment rental business in Spain, Portugal, Latam, and internationally. It rents lifting, load handling, energy, maintenance, and other equipment. The company also purchases and sells new and secondhand machinery; rents equipment for large events; and provides maintenance services for equipment and machinery, as well as undertakes… Read more