Business Engineering Corporation
Business Engineering Corporation designs, develops, and implements corporate information systems, primarily using ERP package products developed by other companies worldwide. It operates through the Solution Business, Product Business, and System Support Business segments. The company provides IT planning consulting, system implementation consulting, system utilization consulting, project managem… Read more
Business Engineering Corporation (TBY) - Net Assets
Latest net assets as of March 2025: €13.38 Billion EUR
Based on the latest financial reports, Business Engineering Corporation (TBY) has net assets worth €13.38 Billion EUR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€18.45 Billion) and total liabilities (€5.07 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 | €13.38 Billion |
| % of Total Assets | 72.54% |
| Annual Growth Rate | 16.7% |
| 5-Year Change | 109.19% |
| 10-Year Change | N/A |
| Growth Volatility | 15.06 |
Business Engineering Corporation - Net Assets Trend (2016–2025)
This chart illustrates how Business Engineering Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Business Engineering Corporation (2016–2025)
The table below shows the annual net assets of Business Engineering Corporation from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €13.38 Billion | +22.23% |
| 2024-03-31 | €10.95 Billion | +17.91% |
| 2023-03-31 | €9.29 Billion | +24.24% |
| 2022-03-31 | €7.48 Billion | +16.84% |
| 2021-03-31 | €6.40 Billion | +27.12% |
| 2020-03-31 | €5.03 Billion | +15.10% |
| 2019-03-31 | €4.37 Billion | +43.00% |
| 2018-03-31 | €3.06 Billion | -16.70% |
| 2017-03-31 | €3.67 Billion | +10.11% |
| 2016-03-31 | €3.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Business Engineering Corporation'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 444.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €12.03 Billion | 89.91% |
| Other Components | €1.35 Billion | 10.09% |
| Total Equity | €13.38 Billion | 100.00% |
Business Engineering Corporation Competitors by Market Cap
The table below lists competitors of Business Engineering Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TT Electronics plc
PINK:TTGPF
|
$171.46 Million |
|
Exzeo Group, Inc.
NYSE:XZO
|
$171.50 Million |
|
WEYCO GRP INC. DL 1
F:WY1
|
$171.51 Million |
|
JDC Group AG
XETRA:JDC
|
$171.53 Million |
|
MEDIA DO Co. Ltd
PINK:MDDCF
|
$171.29 Million |
|
Blackedge Ltd
TA:BLEG
|
$171.26 Million |
|
Endava Ltd
NYSE:DAVA
|
$171.25 Million |
|
ADD Industry Zhejiang Co Ltd
SHG:603089
|
$171.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Business Engineering Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,950,414,000 to 13,384,527,000, a change of 2,434,113,000 (22.2%).
- Net income of 3,330,791,000 contributed positively to equity growth.
- Dividend payments of 1,054,820,000 reduced retained earnings.
- Share repurchases of 102,000 reduced equity.
- Other factors increased equity by 158,244,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.33 Billion | +24.89% |
| Dividends Paid | €1.05 Billion | -7.88% |
| Share Repurchases | €102.00K | -0.0% |
| Other Changes | €158.24 Million | +1.18% |
| Total Change | €- | 22.23% |
Book Value vs Market Value Analysis
This analysis compares Business Engineering Corporation'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: 0.01x
- 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 |
|---|---|---|---|
| 2017-03-31 | €611.88 | €7.10 | x |
| 2018-03-31 | €559.52 | €7.10 | x |
| 2019-03-31 | €746.54 | €7.10 | x |
| 2020-03-31 | €853.77 | €7.10 | x |
| 2021-03-31 | €1076.50 | €7.10 | x |
| 2022-03-31 | €622.96 | €7.10 | x |
| 2023-03-31 | €773.95 | €7.10 | x |
| 2024-03-31 | €914.49 | €7.10 | x |
| 2025-03-31 | €1117.77 | €7.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Business Engineering Corporation 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): 24.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.03%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 1.38x
- Recent ROE (24.89%) is above the historical average (19.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.48% | 2.52% | 2.03x | 1.86x | €-17.40 Million |
| 2017 | 11.95% | 3.30% | 1.99x | 1.82x | €71.69 Million |
| 2018 | 15.85% | 3.60% | 1.90x | 2.32x | €178.86 Million |
| 2019 | 18.40% | 5.28% | 1.88x | 1.85x | €367.48 Million |
| 2020 | 16.95% | 4.81% | 2.06x | 1.71x | €349.87 Million |
| 2021 | 21.55% | 7.72% | 1.70x | 1.64x | €739.18 Million |
| 2022 | 21.99% | 9.25% | 1.55x | 1.54x | €896.12 Million |
| 2023 | 25.07% | 12.58% | 1.38x | 1.44x | €1.40 Billion |
| 2024 | 23.98% | 13.47% | 1.24x | 1.44x | €1.53 Billion |
| 2025 | 24.89% | 16.03% | 1.13x | 1.38x | €1.99 Billion |
Industry Comparison
This section compares Business Engineering Corporation's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $167,970,079
- Average return on equity (ROE) among peers: -29.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Business Engineering Corporation (TBY) | €13.38 Billion | 9.48% | 0.38x | $171.33 Million |
| Growens S.p.A. (0MU) | $17.53 Million | 2.21% | 2.31x | $22.54K |
| Patriot One Technologies Inc (0PL) | $62.22 Million | -40.38% | 0.06x | $61.07 Million |
| Paycom Soft (0PY) | $116.53 Million | 60.43% | 8.26x | $5.35 Billion |
| innoscripta SE (1INN) | $12.71 Million | 47.99% | 1.36x | $122.57 Million |
| Nextech3D.AI Corporation (1SS) | $13.13 Million | -208.54% | 0.31x | $15.17 Million |
| WEIMOB INC. DL-0001 (36W) | $1.25 Billion | -92.35% | 3.67x | $688.78 Million |
| Modelon AB (publ) (3VM) | $173.11 Million | -16.46% | 0.23x | $7.82 Million |
| Hitek Global Inc. (4JX) | $28.34 Million | 3.70% | 0.25x | $5.00 Million |
| Envirosuite Limited (57P) | $12.33 Million | -48.63% | 0.29x | $39.98 Million |
| JanOne Inc (5AR1) | $-8.68 Million | 0.00% | 0.00x | $130.38 Million |