Numulae Gestion de Servicios SOCIMI SA (YNUM) - Net Assets
Based on the latest financial reports, Numulae Gestion de Servicios SOCIMI SA (YNUM) has net assets worth €18.24 Million EUR (≈ $21.32 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€39.75 Million ≈ $46.47 Million USD) and total liabilities (€21.51 Million ≈ $25.15 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 YNUM strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.24 Million |
| % of Total Assets | 45.88% |
| Annual Growth Rate | 0.56% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 18.18 |
Numulae Gestion de Servicios SOCIMI SA - Net Assets Trend (2019–2023)
This chart illustrates how Numulae Gestion de Servicios SOCIMI SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Numulae Gestion de Servicios SOCIMI SA market cap and net worth.
Annual Net Assets for Numulae Gestion de Servicios SOCIMI SA (2019–2023)
The table below shows the annual net assets of Numulae Gestion de Servicios SOCIMI SA from 2019 to 2023. Also explore Numulae Gestion de Servicios SOCIMI SA equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €15.23 Million ≈ $17.81 Million |
-23.06% |
| 2022-12-31 | €19.80 Million ≈ $23.15 Million |
+14.59% |
| 2021-12-31 | €17.28 Million ≈ $20.20 Million |
-6.17% |
| 2020-12-31 | €18.42 Million ≈ $21.53 Million |
+23.64% |
| 2019-12-31 | €14.89 Million ≈ $17.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Numulae Gestion de Servicios SOCIMI 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 223.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €16.41 Million | 107.70% |
| Total Equity | €15.23 Million | 100.00% |
Numulae Gestion de Servicios SOCIMI SA Competitors by Market Cap
The table below lists competitors of Numulae Gestion de Servicios SOCIMI SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winix Inc
KQ:044340
|
$29.73 Million |
|
Globon Co. Ltd
KQ:019660
|
$29.74 Million |
|
Allakos Inc
NASDAQ:ALLK
|
$29.74 Million |
|
Rich Sparkle Holdings Limited Ordinary Shares
NASDAQ:ANPA
|
$29.75 Million |
|
Advance Zinctek Ltd
AU:ANO
|
$29.71 Million |
|
SEKONIX Co. Ltd
KQ:053450
|
$29.69 Million |
|
Tong-Hwa Synthetic Fiber Co Ltd
TW:1418
|
$29.69 Million |
|
HCT Co. Ltd
KQ:072990
|
$29.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Numulae Gestion de Servicios SOCIMI SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 19,799,690 to 15,233,714, a change of -4,565,976 (-23.1%).
- Net loss of 361,607 reduced equity.
- Share repurchases of 5,450 reduced equity.
- Other factors decreased equity by 4,198,918.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-361.61K | -2.37% |
| Share Repurchases | €5.45K | -0.04% |
| Other Changes | €-4.20 Million | -27.56% |
| Total Change | €- | -23.06% |
Book Value vs Market Value Analysis
This analysis compares Numulae Gestion de Servicios SOCIMI 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: 2.00x
- 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 1.56x to 2.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €1.51 | €2.36 | x |
| 2020-12-31 | €1.42 | €2.36 | x |
| 2021-12-31 | €1.34 | €2.36 | x |
| 2022-12-31 | €1.50 | €2.36 | x |
| 2023-12-31 | €1.18 | €2.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Numulae Gestion de Servicios SOCIMI 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): -2.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.79%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.59x
- Recent ROE (-2.37%) is below the historical average (-2.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 2.49% | 17.44% | 0.09x | 1.57x | €-1.12 Million |
| 2020 | -6.03% | -28.64% | 0.10x | 2.17x | €-2.95 Million |
| 2021 | -3.48% | -12.08% | 0.13x | 2.23x | €-2.33 Million |
| 2022 | -2.12% | -7.66% | 0.13x | 2.19x | €-2.40 Million |
| 2023 | -2.37% | -5.79% | 0.16x | 2.59x | €-1.88 Million |
Industry Comparison
This section compares Numulae Gestion de Servicios SOCIMI SA's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $201,089,362
- Average return on equity (ROE) among peers: 1.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Numulae Gestion de Servicios SOCIMI SA (YNUM) | €18.24 Million | 2.49% | 1.18x | $29.72 Million |
| Jaba I Inversiones Inmobiliarias Socimi SA (YABA) | $35.24 Million | -1.12% | 0.34x | $36.59 Million |
| All Iron Re I Socimi Sa (YAI1) | $137.12 Million | 4.56% | 0.39x | $222.35 Million |
| Arrienda Rental Properties SOCIMI SA (YARP) | $25.07 Million | 8.51% | 0.88x | $60.46 Million |
| Azaria Rental SOCIMI S.A. (YAZR) | $41.58 Million | -0.49% | 1.83x | $79.42 Million |
| Entre Cua Socimi (YENT) | $60.83 Million | 3.42% | 0.66x | $101.35 Million |
| GMP Property SOCIMI SA (YGMP) | $1.49 Billion | 6.11% | 0.64x | $1.24 Billion |
| GreenOak Spain Holdings SOCIMI S.A. (YGO2) | $17.02 Million | -20.10% | 3.26x | $10.95 Million |
| Grupo Ortiz Properties Socimi (YGOP) | $126.38 Million | 7.31% | 0.73x | $101.93 Million |
| Hispanotels Inversiones SOCIMI SA (YHSP) | $51.21 Million | 10.97% | 0.41x | $102.79 Million |
| IBI Lion SOCIMI S.A. (YIBI) | $22.07 Million | -2.24% | 0.45x | $86.48 Million |
About Numulae Gestion de Servicios SOCIMI SA
Numulae Gestión de Servicios SOCIMI, S.A. operates as a real estate investment company in Spain. The company operates Parque Astur and El Arcángel shopping centers in Avilés and Córdoba; and Torrijos market in madrid. Numulae Gestión de Servicios SOCIMI, S.A. was incorporated in 2009 and is based in Madrid, Spain. Numulae Gestión de Servicios SOCIMI, S.A. is a subsidiary of La Fe Previsora Compañ… Read more