Serrano 61 Desarrollo SOCIMI SA (YSRR) - Net Assets
Based on the latest financial reports, Serrano 61 Desarrollo SOCIMI SA (YSRR) has net assets worth €44.92 Million EUR (≈ $52.51 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 (€81.89 Million ≈ $95.73 Million USD) and total liabilities (€36.97 Million ≈ $43.22 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. Read Serrano 61 Desarrollo SOCIMI SA debt and liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €44.92 Million |
| % of Total Assets | 54.85% |
| Annual Growth Rate | -3.23% |
| 5-Year Change | -12.13% |
| 10-Year Change | N/A |
| Growth Volatility | 1.55 |
Serrano 61 Desarrollo SOCIMI SA - Net Assets Trend (2018–2024)
This chart illustrates how Serrano 61 Desarrollo SOCIMI SA's net assets have evolved over time, based on quarterly financial data. Also explore Serrano 61 Desarrollo SOCIMI SA asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Serrano 61 Desarrollo SOCIMI SA (2018–2024)
The table below shows the annual net assets of Serrano 61 Desarrollo SOCIMI SA from 2018 to 2024. For live valuation and market cap data, see Serrano 61 Desarrollo SOCIMI SA (YSRR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €45.73 Million ≈ $53.47 Million |
-4.08% |
| 2023-12-31 | €47.68 Million ≈ $55.74 Million |
-1.41% |
| 2022-12-31 | €48.36 Million ≈ $56.54 Million |
-3.47% |
| 2021-12-31 | €50.09 Million ≈ $58.57 Million |
-3.74% |
| 2020-12-31 | €52.04 Million ≈ $60.84 Million |
-5.53% |
| 2019-12-31 | €55.09 Million ≈ $64.41 Million |
-1.05% |
| 2018-12-31 | €55.68 Million ≈ $65.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Serrano 61 Desarrollo 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 2550.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €56.12 Million | 122.71% |
| Total Equity | €45.73 Million | 100.00% |
Serrano 61 Desarrollo SOCIMI SA Competitors by Market Cap
The table below lists competitors of Serrano 61 Desarrollo SOCIMI SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AKA Brands Holding Corp
NYSE:AKA
|
$98.68 Million |
|
Q.S.I Co. LTD
KQ:066310
|
$98.70 Million |
|
Scientex Packaging
KLSE:8125
|
$98.70 Million |
|
Streamex Corp
NASDAQ:STEX
|
$98.70 Million |
|
Themis Medicare Limited
NSE:THEMISMED
|
$98.56 Million |
|
Mackolik Internet Hizmetleri Ticaret A.S.
IS:MACKO
|
$98.55 Million |
|
e-LITECOM CO. Ltd
KQ:041520
|
$98.45 Million |
|
Miwon Holdings Co. Ltd
KO:107590
|
$98.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Serrano 61 Desarrollo SOCIMI SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 47,676,381 to 45,731,817, a change of -1,944,564 (-4.1%).
- Net loss of 1,878,159 reduced equity.
- Share repurchases of 66,405 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.88 Million | -4.11% |
| Share Repurchases | €66.41K | -0.15% |
| Total Change | €- | -4.08% |
Book Value vs Market Value Analysis
This analysis compares Serrano 61 Desarrollo 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: 2.16x
- 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 1.77x to 2.16x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €11.17 | €19.80 | x |
| 2019-12-31 | €11.05 | €19.80 | x |
| 2020-12-31 | €10.44 | €19.80 | x |
| 2021-12-31 | €10.05 | €19.80 | x |
| 2022-12-31 | €9.70 | €19.80 | x |
| 2023-12-31 | €9.56 | €19.80 | x |
| 2024-12-31 | €9.18 | €19.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Serrano 61 Desarrollo 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): -4.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.22%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.81x
- Recent ROE (-4.11%) is below the historical average (-2.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 3.20% | 22.55% | 0.08x | 1.74x | €-3.78 Million |
| 2019 | 1.57% | 14.49% | 0.06x | 1.70x | €-4.64 Million |
| 2020 | -4.51% | -90.45% | 0.03x | 1.74x | €-7.55 Million |
| 2021 | -3.87% | -59.57% | 0.04x | 1.77x | €-6.95 Million |
| 2022 | -3.59% | -44.19% | 0.05x | 1.80x | €-6.57 Million |
| 2023 | -2.86% | -29.71% | 0.05x | 1.78x | €-6.13 Million |
| 2024 | -4.11% | -40.22% | 0.06x | 1.81x | €-6.45 Million |
Industry Comparison
This section compares Serrano 61 Desarrollo SOCIMI SA's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $220,895,050
- Average return on equity (ROE) among peers: 5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Serrano 61 Desarrollo SOCIMI SA (YSRR) | €44.92 Million | 3.20% | 0.82x | $98.65 Million |
| General de Galerias Comerciales SOCIMI S.A. (GGC) | $634.77 Million | 14.48% | 0.30x | $3.61 Billion |
| Castellana Properties Socimi (YCPS) | $182.84 Million | 3.64% | 0.80x | $1.24 Billion |
| Olimpo Real Estate SA (YORE) | $144.63 Million | 3.94% | 1.18x | $193.64 Million |
| Tander Inversiones SOCIMI SA (YTAN) | $68.22 Million | 4.89% | 1.63x | $113.43 Million |
| Trajano Iberia Socimi SA (YTRA) | $102.29 Million | 1.57% | 1.34x | $4.68 Million |
| Trivium Real Estate Socimi SA (YTRI) | $192.61 Million | 4.93% | 1.40x | $203.53 Million |
About Serrano 61 Desarrollo SOCIMI SA
Serrano 61 Desarrollo SOCIMI, S.A. develops, finances, and manages assets in the real estate sector in Spain. The company owns and operates ABC Serrano shopping center in Madrid. It also acquires and promotes real estates and parking spaces for leasing. The company was formerly known as Serrano 61 Desarrollo, S.A. and changed its name to Serrano 61 Desarrollo SOCIMI, S.A. in October 2017. Serrano… Read more