VBARE Iberian Properties SOCIMI SA (YVBA) - Net Assets
Based on the latest financial reports, VBARE Iberian Properties SOCIMI SA (YVBA) has net assets worth €46.31 Million EUR (≈ $54.14 Million USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€71.57 Million ≈ $83.68 Million USD) and total liabilities (€25.26 Million ≈ $29.54 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 YVBA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €46.31 Million |
| % of Total Assets | 64.7% |
| Annual Growth Rate | 7.52% |
| 5-Year Change | -16.75% |
| 10-Year Change | N/A |
| Growth Volatility | 21.26 |
VBARE Iberian Properties SOCIMI SA - Net Assets Trend (2017–2023)
This chart illustrates how VBARE Iberian Properties SOCIMI SA's net assets have evolved over time, based on quarterly financial data. Also explore VBARE Iberian Properties SOCIMI SA asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for VBARE Iberian Properties SOCIMI SA (2017–2023)
The table below shows the annual net assets of VBARE Iberian Properties SOCIMI SA from 2017 to 2023. For live valuation and market cap data, see YVBA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €46.31 Million ≈ $54.14 Million |
+4.29% |
| 2022-12-31 | €44.41 Million ≈ $51.91 Million |
-4.23% |
| 2021-12-31 | €46.37 Million ≈ $54.21 Million |
-7.02% |
| 2020-12-31 | €49.87 Million ≈ $58.30 Million |
-10.35% |
| 2019-12-31 | €55.63 Million ≈ $65.03 Million |
+49.75% |
| 2018-12-31 | €37.15 Million ≈ $43.43 Million |
+23.93% |
| 2017-12-31 | €29.97 Million ≈ $35.04 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to VBARE Iberian Properties 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 grown by 73.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €13.48 Million | 29.10% |
| Other Components | €32.83 Million | 70.90% |
| Total Equity | €46.31 Million | 100.00% |
VBARE Iberian Properties SOCIMI SA Competitors by Market Cap
The table below lists competitors of VBARE Iberian Properties SOCIMI SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nara Mold & Die Co. Ltd
KQ:051490
|
$35.53 Million |
|
MClean Technologies Bhd
KLSE:0167
|
$35.54 Million |
|
Balco Group AB
ST:BALCO
|
$35.55 Million |
|
Inspirisys Solutions Limited
NSE:INSPIRISYS
|
$35.56 Million |
|
Hi Sharp Electronics Co Ltd
TWO:3128
|
$35.48 Million |
|
Fajarbaru Builder Group Bhd
KLSE:7047
|
$35.47 Million |
|
Bicicletas Monark S.A
SA:BMKS3
|
$35.47 Million |
|
Indonesia Pondasi Raya Tbk PT
JK:IDPR
|
$35.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VBARE Iberian Properties SOCIMI SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 44,405,000 to 46,309,000, a change of 1,904,000 (4.3%).
- Net income of 1,948,000 contributed positively to equity growth.
- Share repurchases of 196,000 reduced equity.
- New share issuances of 254,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.95 Million | +4.21% |
| Share Repurchases | €196.00K | -0.42% |
| Share Issuances | €254.00K | +0.55% |
| Other Changes | €-102.00K | -0.22% |
| Total Change | €- | 4.29% |
Book Value vs Market Value Analysis
This analysis compares VBARE Iberian Properties 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: 0.77x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €14.08 | €10.00 | x |
| 2018-12-31 | €15.68 | €10.00 | x |
| 2019-12-31 | €15.55 | €10.00 | x |
| 2020-12-31 | €13.97 | €10.00 | x |
| 2021-12-31 | €13.08 | €10.00 | x |
| 2022-12-31 | €12.48 | €10.00 | x |
| 2023-12-31 | €13.04 | €10.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VBARE Iberian Properties 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): 4.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 85.44%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.55x
- Recent ROE (4.21%) is above the historical average (3.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.51% | 209.20% | 0.03x | 1.24x | €-746.30K |
| 2018 | 12.93% | 336.44% | 0.03x | 1.49x | €1.09 Million |
| 2019 | 6.17% | 187.34% | 0.02x | 1.37x | €-2.13 Million |
| 2020 | -8.53% | -208.93% | 0.03x | 1.47x | €-9.24 Million |
| 2021 | 0.05% | 1.40% | 0.03x | 1.52x | €-4.61 Million |
| 2022 | 1.46% | 33.75% | 0.03x | 1.58x | €-3.79 Million |
| 2023 | 4.21% | 85.44% | 0.03x | 1.55x | €-2.68 Million |
Industry Comparison
This section compares VBARE Iberian Properties SOCIMI SA's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $44,130,005
- Average return on equity (ROE) among peers: -6.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VBARE Iberian Properties SOCIMI SA (YVBA) | €46.31 Million | 7.51% | 0.55x | $35.51 Million |
| Domo Activos Socimi SA (DOMO) | $24.91K | -139.60% | 0.62x | $13.65 Million |
| Advero Properties SOCIMI S.A. (YADV) | $31.17 Million | 0.48% | 0.27x | $79.03 Million |
| Fidere Patrimonio SOCIMI SA (YFID) | $48.73 Million | 83.22% | 14.38x | $431.18 Million |
| Galil Capital Re Spain SOCIMI SA (YGCS) | $19.21 Million | 0.00% | 0.35x | $25.75 Million |
| Home Capital Rentals SOCIMI S.A. (YHCR) | $45.17 Million | -2.80% | 0.21x | $37.02 Million |
| Inhome Prime Properties SOCIMI S.A. (YIPP) | $10.05 Million | -2.08% | 0.00x | $28.48 Million |
| Inversa Prime SOCIMI S.A. (YIPS) | $125.02 Million | 8.61% | 0.32x | $66.81 Million |
| Matritense Real Estate SOCIMI S.A. (YMAT) | $14.64 Million | -12.30% | 1.99x | $20.48 Million |
| Mistral Patrimonio Inmobiliario SOCIMI SA (YMPI) | $8.04 Million | -0.07% | 1.05x | $10.50 Million |
| Tempore Properties SOCIMI SAU (YTEM) | $139.24 Million | -4.67% | 1.63x | $119.34 Million |
About VBARE Iberian Properties SOCIMI SA
VBARE Iberian Properties SOCIMI, S.A. is a multi-family residential REIT company. It provides renting and operating own or leased real estate properties. The company was formerly known as VBA Real Estate Investment Trust 3000, SOCIMI, S.A. and changed its name to VBARE Iberian Properties SOCIMI, S.A. in September 2016. The company is based in Madrid, Spain.