Tubos Reunidos S.A (TRG) - Net Assets
Based on the latest financial reports, Tubos Reunidos S.A (TRG) has net assets worth €4.58 Million EUR (≈ $5.36 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 (€451.94 Million ≈ $528.36 Million USD) and total liabilities (€447.35 Million ≈ $523.00 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 TRG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.58 Million |
| % of Total Assets | 1.01% |
| Annual Growth Rate | -7.94% |
| 5-Year Change | N/A |
| 10-Year Change | -88.5% |
| Growth Volatility | 132.93 |
Tubos Reunidos S.A - Net Assets Trend (2003–2024)
This chart illustrates how Tubos Reunidos S.A's net assets have evolved over time, based on quarterly financial data. Also explore Tubos Reunidos S.A balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tubos Reunidos S.A (2003–2024)
The table below shows the annual net assets of Tubos Reunidos S.A from 2003 to 2024. For live valuation and market cap data, see Tubos Reunidos S.A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €28.09 Million ≈ $32.83 Million |
+545.63% |
| 2023-12-31 | €4.35 Million ≈ $5.09 Million |
+108.71% |
| 2022-12-31 | €-49.92 Million ≈ $-58.37 Million |
+47.38% |
| 2021-12-31 | €-94.89 Million ≈ $-110.93 Million |
-231.95% |
| 2020-12-31 | €-28.58 Million ≈ $-33.42 Million |
-141.73% |
| 2019-12-31 | €68.50 Million ≈ $80.09 Million |
-34.83% |
| 2018-12-31 | €105.12 Million ≈ $122.90 Million |
-27.06% |
| 2017-12-31 | €144.11 Million ≈ $168.48 Million |
-20.79% |
| 2016-12-31 | €181.94 Million ≈ $212.71 Million |
-25.49% |
| 2015-12-31 | €244.18 Million ≈ $285.47 Million |
-6.42% |
| 2014-12-31 | €260.94 Million ≈ $305.06 Million |
+6.06% |
| 2013-12-31 | €246.04 Million ≈ $287.64 Million |
+1.01% |
| 2012-12-31 | €243.59 Million ≈ $284.78 Million |
+2.21% |
| 2011-12-31 | €238.33 Million ≈ $278.63 Million |
+12.49% |
| 2010-12-31 | €211.87 Million ≈ $247.70 Million |
-6.96% |
| 2009-12-31 | €227.73 Million ≈ $266.24 Million |
-5.05% |
| 2008-12-31 | €239.84 Million ≈ $280.40 Million |
-32.72% |
| 2007-12-31 | €356.49 Million ≈ $416.77 Million |
+20.64% |
| 2006-12-31 | €295.50 Million ≈ $345.48 Million |
+20.84% |
| 2005-12-31 | €244.54 Million ≈ $285.89 Million |
+45.75% |
| 2004-12-31 | €167.78 Million ≈ $196.15 Million |
+5.09% |
| 2003-12-31 | €159.65 Million ≈ $186.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tubos Reunidos 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 3125100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €31.25 Million | 111.82% |
| Common Stock | €3.49 Million | 12.50% |
| Total Equity | €27.95 Million | 100.00% |
Tubos Reunidos S.A Competitors by Market Cap
The table below lists competitors of Tubos Reunidos S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nordic Iron Ore
ST:NIO
|
$29.24 Million |
|
Ucloudlink Group Inc
NASDAQ:UCL
|
$29.24 Million |
|
Dongkuk Refractories & Steel Co. Ltd
KQ:075970
|
$29.24 Million |
|
Nureca Limited
NSE:NURECA
|
$29.27 Million |
|
Ponni Sugars (Erode) Limited
NSE:PONNIERODE
|
$29.23 Million |
|
Horizon Space Acquisition I Corp. Ordinary Shares
NASDAQ:HSPO
|
$29.21 Million |
|
SSC Security Services Corp
V:SECU
|
$29.20 Million |
|
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS
IS:FLAP
|
$29.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tubos Reunidos S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,612,000 to 27,948,000, a change of 24,336,000 (673.8%).
- Net income of 28,631,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,980,000.
- Other factors decreased equity by 6,275,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €28.63 Million | +102.44% |
| Other Comprehensive Income | €1.98 Million | +7.08% |
| Other Changes | €-6.28 Million | -22.45% |
| Total Change | €- | 673.75% |
Book Value vs Market Value Analysis
This analysis compares Tubos Reunidos 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: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.12x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | €1.16 | €0.14 | x |
| 2006-12-31 | €5.61 | €0.14 | x |
| 2007-12-31 | €1.66 | €0.14 | x |
| 2008-12-31 | €1.40 | €0.14 | x |
| 2009-12-31 | €1.27 | €0.14 | x |
| 2010-12-31 | €1.17 | €0.14 | x |
| 2011-12-31 | €1.31 | €0.14 | x |
| 2012-12-31 | €1.35 | €0.14 | x |
| 2013-12-31 | €1.37 | €0.14 | x |
| 2014-12-31 | €1.41 | €0.14 | x |
| 2015-12-31 | €1.30 | €0.14 | x |
| 2016-12-31 | €1.02 | €0.14 | x |
| 2017-12-31 | €0.81 | €0.14 | x |
| 2018-12-31 | €0.62 | €0.14 | x |
| 2019-12-31 | €0.39 | €0.14 | x |
| 2020-12-31 | €-0.17 | €0.14 | x |
| 2021-12-31 | €-0.55 | €0.14 | x |
| 2022-12-31 | €-0.29 | €0.14 | x |
| 2023-12-31 | €0.02 | €0.14 | x |
| 2024-12-31 | €0.16 | €0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tubos Reunidos 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): 102.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.84%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 16.52x
- Recent ROE (102.44%) is above the historical average (74.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 2.95% | 1.25% | 0.78x | 3.02x | €-10.48 Million |
| 2004 | 8.08% | 3.11% | 0.84x | 3.10x | €-3.00 Million |
| 2005 | 13.55% | 6.23% | 0.89x | 2.44x | €8.42 Million |
| 2006 | 21.01% | 10.31% | 0.92x | 2.21x | €31.66 Million |
| 2007 | 25.21% | 13.44% | 0.84x | 2.24x | €51.68 Million |
| 2008 | 36.59% | 11.23% | 0.97x | 3.35x | €59.44 Million |
| 2009 | 0.68% | 0.38% | 0.60x | 3.03x | €-20.46 Million |
| 2010 | -6.57% | -3.89% | 0.50x | 3.38x | €-33.62 Million |
| 2011 | 11.05% | 5.42% | 0.66x | 3.09x | €2.36 Million |
| 2012 | 4.55% | 2.28% | 0.68x | 2.96x | €-12.66 Million |
| 2013 | 2.82% | 1.90% | 0.56x | 2.68x | €-16.90 Million |
| 2014 | 2.89% | 1.74% | 0.62x | 2.70x | €-17.43 Million |
| 2015 | -7.13% | -4.59% | 0.55x | 2.83x | €-38.89 Million |
| 2016 | -28.14% | -25.74% | 0.34x | 3.25x | €-68.00 Million |
| 2017 | -22.81% | -10.37% | 0.55x | 3.97x | €-46.60 Million |
| 2018 | -31.88% | -10.05% | 0.65x | 4.88x | €-45.23 Million |
| 2019 | -61.18% | -14.58% | 0.62x | 6.79x | €-48.25 Million |
| 2020 | 0.00% | -40.51% | 0.69x | 0.00x | €-94.99 Million |
| 2021 | 0.00% | -26.40% | 0.52x | 0.00x | €-55.13 Million |
| 2022 | 0.00% | 8.47% | 0.94x | 0.00x | €48.54 Million |
| 2023 | 1559.03% | 10.53% | 1.01x | 146.72x | €55.95 Million |
| 2024 | 102.44% | 8.84% | 0.70x | 16.52x | €25.84 Million |
Industry Comparison
This section compares Tubos Reunidos S.A's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $11,420,601,250
- Average return on equity (ROE) among peers: 8.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tubos Reunidos S.A (TRG) | €4.58 Million | 2.95% | 97.59x | $29.23 Million |
| Acerinox (ACX) | $2.02 Billion | 2.12% | 1.04x | $3.28 Billion |
| Aperam SA (APAM) | $2.52 Billion | 11.35% | 0.72x | $3.02 Billion |
| ArcelorMittal SA (MTS) | $40.85 Billion | 11.18% | 1.09x | $38.59 Billion |
| Tubacex S.A (TUB) | $285.10 Million | 8.33% | 1.46x | $396.10 Million |
About Tubos Reunidos S.A
Tubos Reunidos, S.A., together with its subsidiaries, engages in the manufacture and sale of seamless steel pipe products in the United States, the United Kingdom, Germany, Italy, Spain, Saudi Arabia, Mexico, South Korea, the Netherlands, and internationally. It offers hot-rolled and cold-drawn seamless carbon steel and alloy pipe products; carbon steels, alloys, stainless steels, high nickel all… Read more