Talgo SA
Talgo, S.A. engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide. The company offers high speed, intercity, commuter and regional, and locomotive railway products. It is also involved in the manufacture, delivery, and maintenance of commercialized rolling stock, auxiliary and other, machines, such as pit … Read more
Talgo SA (TLGO) - Net Assets
Latest net assets as of December 2025: €229.40 Million EUR
Based on the latest financial reports, Talgo SA (TLGO) has net assets worth €229.40 Million EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.51 Billion) and total liabilities (€1.28 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 | €229.40 Million |
| % of Total Assets | 15.16% |
| Annual Growth Rate | 5.2% |
| 5-Year Change | -21.14% |
| 10-Year Change | -21.92% |
| Growth Volatility | 19.91 |
Talgo SA - Net Assets Trend (2011–2025)
This chart illustrates how Talgo SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Talgo SA (2011–2025)
The table below shows the annual net assets of Talgo SA from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €229.40 Million | +28.06% |
| 2024-12-31 | €179.14 Million | -37.86% |
| 2023-12-31 | €288.29 Million | +1.13% |
| 2022-12-31 | €285.08 Million | -2.00% |
| 2021-12-31 | €290.90 Million | +12.90% |
| 2020-12-31 | €257.67 Million | -11.67% |
| 2019-12-31 | €291.73 Million | -11.09% |
| 2018-12-31 | €328.12 Million | +4.65% |
| 2017-12-31 | €313.54 Million | +6.72% |
| 2016-12-31 | €293.78 Million | +27.18% |
| 2015-12-31 | €231.00 Million | -7.46% |
| 2014-12-31 | €249.61 Million | +31.17% |
| 2013-12-31 | €190.30 Million | +27.44% |
| 2012-12-31 | €149.32 Million | +32.43% |
| 2011-12-31 | €112.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Talgo 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 grown by 198.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €140.60 Million | 62.96% |
| Common Stock | €40.50 Million | 18.14% |
| Other Components | €42.20 Million | 18.90% |
| Total Equity | €223.30 Million | 100.00% |
Talgo SA Competitors by Market Cap
The table below lists competitors of Talgo SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ODAS Elektrik Uretim Sanayi Ticaret AS
IS:ODAS
|
$180.62 Million |
|
Shanghai No1 Pharmacy Co Ltd
SHG:600833
|
$180.65 Million |
|
Graf Global Corp
NYSE MKT:GRAF
|
$180.65 Million |
|
ButOne Information Corp XiAn
SHG:600455
|
$180.66 Million |
|
Ecogas Inversiones S.A.
BA:ECOG
|
$180.51 Million |
|
Shandong Gold Phoenix Co Ltd
SHG:603586
|
$180.50 Million |
|
Vátryggingafélag Íslands hf
IC:SKAGI
|
$180.45 Million |
|
FACT II Acquisition Corp. Unit
NASDAQ:FACTU
|
$180.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Talgo SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 170,607,000 to 223,300,000, a change of 52,693,000 (30.9%).
- Net loss of 100,700,000 reduced equity.
- New share issuances of 150,000,000 increased equity.
- Other comprehensive income decreased equity by 1,977,999.
- Other factors increased equity by 5,370,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-100.70 Million | -45.1% |
| Share Issuances | €150.00 Million | +67.17% |
| Other Comprehensive Income | €-1.98 Million | -0.89% |
| Other Changes | €5.37 Million | +2.41% |
| Total Change | €- | 30.89% |
Book Value vs Market Value Analysis
This analysis compares Talgo 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: 1.57x
- 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 1.03x to 1.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €2.75 | €2.84 | x |
| 2014-12-31 | €182.42 | €2.84 | x |
| 2015-12-31 | €2.24 | €2.84 | x |
| 2016-12-31 | €2.15 | €2.84 | x |
| 2017-12-31 | €2.29 | €2.84 | x |
| 2018-12-31 | €2.40 | €2.84 | x |
| 2019-12-31 | €2.25 | €2.84 | x |
| 2020-12-31 | €2.09 | €2.84 | x |
| 2021-12-31 | €2.33 | €2.84 | x |
| 2022-12-31 | €2.30 | €2.84 | x |
| 2023-12-31 | €2.23 | €2.84 | x |
| 2024-12-31 | €1.38 | €2.84 | x |
| 2025-12-31 | €1.80 | €2.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Talgo 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): -45.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.29%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 6.78x
- Recent ROE (-45.10%) is below the historical average (0.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 16.28% | 9.48% | 0.61x | 2.82x | €11.95 Million |
| 2014 | 15.42% | 10.01% | 0.65x | 2.38x | €13.52 Million |
| 2015 | 25.79% | 11.44% | 0.77x | 2.91x | €36.48 Million |
| 2016 | 21.05% | 10.67% | 0.76x | 2.60x | €32.48 Million |
| 2017 | 10.94% | 8.92% | 0.46x | 2.69x | €2.95 Million |
| 2018 | 5.40% | 5.46% | 0.36x | 2.76x | €-15.10 Million |
| 2019 | 13.19% | 9.58% | 0.45x | 3.03x | €9.29 Million |
| 2020 | -6.77% | -3.58% | 0.54x | 3.50x | €-43.21 Million |
| 2021 | 9.60% | 4.96% | 0.54x | 3.59x | €-1.14 Million |
| 2022 | 0.51% | 0.31% | 0.41x | 4.04x | €-26.68 Million |
| 2023 | 4.93% | 2.10% | 0.58x | 4.01x | €-14.11 Million |
| 2024 | -62.17% | -15.85% | 0.53x | 7.45x | €-123.13 Million |
| 2025 | -45.10% | -16.29% | 0.41x | 6.78x | €-123.03 Million |
Industry Comparison
This section compares Talgo SA's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $21,374,087,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Talgo SA (TLGO) | €229.40 Million | 16.28% | 5.60x | $180.54 Million |
| Construcciones y Auxiliar de Ferrocarriles S.A. (CAF) | $21.37 Billion | 0.00% | 1.92x | $1.22 Billion |