Miquel y Costas & Miquel S.A.
Miquel y Costas & Miquel, S.A., together with its subsidiaries, engages in the manufacture and sale of thin and special lightweight paper for the tobacco industry in Spain, the European Union, OECD countries, and internationally. The company offers cigarette tissue, tipping paper, plug wrap paper, rolling paper booklets, textile pups for tobacco industry; specialty paper, decorative laminates, pa… Read more
Miquel y Costas & Miquel S.A. (MCM) - Net Assets
Latest net assets as of June 2025: €398.17 Million EUR
Based on the latest financial reports, Miquel y Costas & Miquel S.A. (MCM) has net assets worth €398.17 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€521.70 Million) and total liabilities (€123.54 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 | €398.17 Million |
| % of Total Assets | 76.32% |
| Annual Growth Rate | -13.59% |
| 5-Year Change | 30.7% |
| 10-Year Change | 61.62% |
| Growth Volatility | 21.56 |
Miquel y Costas & Miquel S.A. - Net Assets Trend (2000–2024)
This chart illustrates how Miquel y Costas & Miquel S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Miquel y Costas & Miquel S.A. (2000–2024)
The table below shows the annual net assets of Miquel y Costas & Miquel S.A. from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €385.12 Million | +8.55% |
| 2023-12-31 | €354.78 Million | +7.41% |
| 2022-12-31 | €330.29 Million | +1.89% |
| 2021-12-31 | €324.17 Million | +10.01% |
| 2020-12-31 | €294.67 Million | +4.52% |
| 2019-12-31 | €281.93 Million | +3.89% |
| 2018-12-31 | €271.36 Million | +6.09% |
| 2017-12-31 | €255.78 Million | +0.34% |
| 2016-12-31 | €254.92 Million | +6.98% |
| 2015-12-31 | €238.29 Million | +9.05% |
| 2014-12-31 | €218.51 Million | +3.50% |
| 2013-12-31 | €211.13 Million | +9.82% |
| 2012-12-31 | €192.25 Million | +7.58% |
| 2011-12-31 | €178.71 Million | +8.83% |
| 2010-12-31 | €164.21 Million | +9.16% |
| 2009-12-31 | €150.43 Million | +7.07% |
| 2008-12-31 | €140.49 Million | +3.99% |
| 2007-12-31 | €135.10 Million | +2.28% |
| 2006-12-31 | €132.09 Million | +3.64% |
| 2005-12-31 | €127.45 Million | +9.11% |
| 2004-12-31 | €116.81 Million | +15.65% |
| 2003-12-31 | €101.01 Million | +12.26% |
| 2002-12-31 | €89.97 Million | +11.11% |
| 2001-12-31 | €80.97 Million | -99.37% |
| 2000-12-31 | €12.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Miquel y Costas & Miquel S.A.'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 4869900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €48.70 Million | 12.65% |
| Common Stock | €80.00 Million | 20.77% |
| Other Comprehensive Income | €-2.46 Million | -0.64% |
| Other Components | €258.88 Million | 67.22% |
| Total Equity | €385.12 Million | 100.00% |
Miquel y Costas & Miquel S.A. Competitors by Market Cap
The table below lists competitors of Miquel y Costas & Miquel S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AVCON Information Tech
SHE:300074
|
$290.86 Million |
|
New Providence Acquisition Corp. III Units
NASDAQ:NPACU
|
$290.87 Million |
|
Sichuan Tianyi Comheart Telecom Co Ltd Class A
SHE:300504
|
$290.99 Million |
|
Beijing Huaru Technology Co. Ltd.
SHE:301302
|
$291.07 Million |
|
Velesto Energy Bhd
KLSE:5243
|
$290.79 Million |
|
Plastika Kritis S.A.
AT:PLAKR
|
$290.76 Million |
|
Stewards Inc.
NASDAQ:SWRD
|
$290.72 Million |
|
Transcom Inc
TW:5222
|
$290.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miquel y Costas & Miquel S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 354,781,000 to 385,118,000, a change of 30,337,000 (8.6%).
- Net income of 48,699,000 contributed positively to equity growth.
- Dividend payments of 19,895,000 reduced retained earnings.
- Share repurchases of 5,543,000 reduced equity.
- New share issuances of 2,721,000 increased equity.
- Other comprehensive income decreased equity by 248,033,000.
- Other factors increased equity by 252,388,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €48.70 Million | +12.65% |
| Dividends Paid | €19.89 Million | -5.17% |
| Share Repurchases | €5.54 Million | -1.44% |
| Share Issuances | €2.72 Million | +0.71% |
| Other Comprehensive Income | €-248.03 Million | -64.4% |
| Other Changes | €252.39 Million | +65.54% |
| Total Change | €- | 8.55% |
Book Value vs Market Value Analysis
This analysis compares Miquel y Costas & Miquel S.A.'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: 1.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.56x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | €9.02 | €14.05 | x |
| 2004-12-31 | €2.32 | €14.05 | x |
| 2005-12-31 | €2.53 | €14.05 | x |
| 2006-12-31 | €2.64 | €14.05 | x |
| 2007-12-31 | €2.71 | €14.05 | x |
| 2008-12-31 | €2.82 | €14.05 | x |
| 2009-12-31 | €3.06 | €14.05 | x |
| 2010-12-31 | €3.35 | €14.05 | x |
| 2011-12-31 | €3.67 | €14.05 | x |
| 2012-12-31 | €4.10 | €14.05 | x |
| 2013-12-31 | €4.53 | €14.05 | x |
| 2014-12-31 | €4.75 | €14.05 | x |
| 2015-12-31 | €5.22 | €14.05 | x |
| 2016-12-31 | €5.63 | €14.05 | x |
| 2017-12-31 | €5.80 | €14.05 | x |
| 2018-12-31 | €6.86 | €14.05 | x |
| 2019-12-31 | €6.84 | €14.05 | x |
| 2020-12-31 | €7.32 | €14.05 | x |
| 2021-12-31 | €8.24 | €14.05 | x |
| 2022-12-31 | €8.55 | €14.05 | x |
| 2023-12-31 | €9.25 | €14.05 | x |
| 2024-12-31 | €10.12 | €14.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miquel y Costas & Miquel S.A. 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): 12.65%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.75%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.33x
- Recent ROE (12.65%) is below the historical average (12.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 19.79% | 12.09% | 1.06x | 1.55x | €9.89 Million |
| 2004 | 17.54% | 12.31% | 0.98x | 1.45x | €8.70 Million |
| 2005 | 13.23% | 10.58% | 0.88x | 1.42x | €4.08 Million |
| 2006 | 8.78% | 7.34% | 0.86x | 1.40x | €-1.60 Million |
| 2007 | 7.16% | 6.00% | 0.86x | 1.39x | €-3.81 Million |
| 2008 | 8.42% | 6.79% | 0.87x | 1.42x | €-2.19 Million |
| 2009 | 11.73% | 10.79% | 0.78x | 1.40x | €2.56 Million |
| 2010 | 12.49% | 11.18% | 0.78x | 1.43x | €4.01 Million |
| 2011 | 13.27% | 12.09% | 0.70x | 1.57x | €5.70 Million |
| 2012 | 14.26% | 13.64% | 0.66x | 1.59x | €8.18 Million |
| 2013 | 12.84% | 14.09% | 0.58x | 1.58x | €6.00 Million |
| 2014 | 11.30% | 12.11% | 0.62x | 1.49x | €2.84 Million |
| 2015 | 12.99% | 13.72% | 0.64x | 1.48x | €7.04 Million |
| 2016 | 13.54% | 15.03% | 0.65x | 1.39x | €8.94 Million |
| 2017 | 14.59% | 15.26% | 0.65x | 1.47x | €11.65 Million |
| 2018 | 13.81% | 14.38% | 0.64x | 1.50x | €10.29 Million |
| 2019 | 13.98% | 14.93% | 0.65x | 1.44x | €11.16 Million |
| 2020 | 15.28% | 16.37% | 0.66x | 1.42x | €15.52 Million |
| 2021 | 15.73% | 16.86% | 0.66x | 1.41x | €18.50 Million |
| 2022 | 9.58% | 9.38% | 0.75x | 1.36x | €-1.40 Million |
| 2023 | 12.04% | 13.71% | 0.67x | 1.31x | €7.24 Million |
| 2024 | 12.65% | 15.75% | 0.60x | 1.33x | €10.19 Million |
Industry Comparison
This section compares Miquel y Costas & Miquel S.A.'s net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $542,483,000
- Average return on equity (ROE) among peers: 19.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Miquel y Costas & Miquel S.A. (MCM) | €398.17 Million | 19.79% | 0.31x | $290.83 Million |
| ENCE Energía y Celulosa S.A (ENC) | $818.14 Million | 30.22% | 1.18x | $260.51 Million |
| Iberpapel Gestion SA (IBG) | $266.83 Million | 8.12% | 0.42x | $179.82 Million |