TOWNGAS CHINA
TOWNGAS CHINA operates in Diversified Metals & Mining.
TOWNGAS CHINA (PGJ) - Net Assets
Latest net assets as of December 2023: €25.23 Billion EUR
Based on the latest financial reports, TOWNGAS CHINA (PGJ) has net assets worth €25.23 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€53.46 Billion) and total liabilities (€28.23 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 | €25.23 Billion |
| % of Total Assets | 47.19% |
| Annual Growth Rate | 8.06% |
| 5-Year Change | 24.29% |
| 10-Year Change | N/A |
| Growth Volatility | 7.05 |
TOWNGAS CHINA - Net Assets Trend (2016–2023)
This chart illustrates how TOWNGAS CHINA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TOWNGAS CHINA (2016–2023)
The table below shows the annual net assets of TOWNGAS CHINA from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €25.23 Billion | +5.73% |
| 2022-12-31 | €23.86 Billion | -5.20% |
| 2021-12-31 | €25.17 Billion | +11.14% |
| 2020-12-31 | €22.65 Billion | +11.57% |
| 2019-12-31 | €20.30 Billion | +14.24% |
| 2018-12-31 | €17.77 Billion | +3.32% |
| 2017-12-31 | €17.20 Billion | +17.28% |
| 2016-12-31 | €14.66 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOWNGAS CHINA'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 123.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €14.95 Billion | 65.43% |
| Other Components | €7.90 Billion | 34.57% |
| Total Equity | €22.85 Billion | 100.00% |
TOWNGAS CHINA Competitors by Market Cap
The table below lists competitors of TOWNGAS CHINA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bactiquant AS
CO:BACTIQ
|
$4.15K |
|
POZZI MILANO S.P.A.
F:7TL
|
$4.16K |
|
Song Da No. 9 JSC
VN:SD9
|
$4.16K |
|
ABC BANKING CORPORATION LIMITED
SEM:ABCB
|
$4.16K |
|
CHEMICAL INDUSTRIES
BE:V1M
|
$4.15K |
|
Living 3D Holdings Inc
PINK:LTDH
|
$4.14K |
|
Opsy Holding AB
F:K6Q
|
$4.13K |
|
RMDRIP
NSE:RMDRIP
|
$4.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOWNGAS CHINA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 21,504,859,000 to 22,847,212,000, a change of 1,342,353,000 (6.2%).
- Net income of 1,574,623,000 contributed positively to equity growth.
- Dividend payments of 152,927,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.57 Billion | +6.89% |
| Dividends Paid | €152.93 Million | -0.67% |
| Other Changes | €-76.17 Million | -0.33% |
| Total Change | €- | 6.24% |
Book Value vs Market Value Analysis
This analysis compares TOWNGAS CHINA'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: 0.06x
- 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 | €5.72 | €0.44 | x |
| 2018-12-31 | €5.78 | €0.44 | x |
| 2019-12-31 | €6.48 | €0.44 | x |
| 2020-12-31 | €6.98 | €0.44 | x |
| 2021-12-31 | €7.25 | €0.44 | x |
| 2022-12-31 | €6.60 | €0.44 | x |
| 2023-12-31 | €6.83 | €0.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOWNGAS CHINA 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): 6.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.94%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.34x
- Recent ROE (6.89%) is above the historical average (6.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.22% | 13.56% | 0.26x | 2.08x | €-375.94 Million |
| 2017 | 8.62% | 15.59% | 0.27x | 2.07x | €-219.12 Million |
| 2018 | 7.54% | 10.39% | 0.35x | 2.10x | €-398.65 Million |
| 2019 | 7.03% | 10.12% | 0.34x | 2.05x | €-552.78 Million |
| 2020 | 6.98% | 11.28% | 0.30x | 2.07x | €-625.18 Million |
| 2021 | 5.47% | 7.32% | 0.32x | 2.37x | €-1.04 Billion |
| 2022 | 4.49% | 4.81% | 0.38x | 2.46x | €-1.19 Billion |
| 2023 | 6.89% | 7.94% | 0.37x | 2.34x | €-710.10 Million |
Industry Comparison
This section compares TOWNGAS CHINA's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOWNGAS CHINA (PGJ) | €25.23 Billion | 7.22% | 1.12x | $4.15K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |