Tile Shop Holdings Inc (TTSH) - Net Assets
Based on the latest financial reports, Tile Shop Holdings Inc (TTSH) has net assets worth $122.56 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($315.44 Million) and total liabilities ($192.88 Million). 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 TTSH total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $122.56 Million |
| % of Total Assets | 38.85% |
| Annual Growth Rate | 25.7% |
| 5-Year Change | -11.61% |
| 10-Year Change | 6.69% |
| Growth Volatility | 266.57 |
Tile Shop Holdings Inc - Net Assets Trend (2010–2024)
This chart illustrates how Tile Shop Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore Tile Shop Holdings Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tile Shop Holdings Inc (2010–2024)
The table below shows the annual net assets of Tile Shop Holdings Inc from 2010 to 2024. For live valuation and market cap data, see TTSH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $122.91 Million | +2.69% |
| 2023-12-31 | $119.69 Million | +10.04% |
| 2022-12-31 | $108.77 Million | -11.01% |
| 2021-12-31 | $122.22 Million | -12.11% |
| 2020-12-31 | $139.06 Million | +6.24% |
| 2019-12-31 | $130.90 Million | -10.56% |
| 2018-12-31 | $146.35 Million | +1.72% |
| 2017-12-31 | $143.87 Million | +3.58% |
| 2016-12-31 | $138.90 Million | +20.57% |
| 2015-12-31 | $115.20 Million | +22.95% |
| 2014-12-31 | $93.69 Million | +17.32% |
| 2013-12-31 | $79.86 Million | +278.42% |
| 2012-12-31 | $-44.76 Million | -995.24% |
| 2011-12-31 | $5.00 Million | +0.00% |
| 2010-12-31 | $5.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tile Shop Holdings Inc'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 675403200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00K | 0.00% |
| Other Components | $129.70 Million | 105.52% |
| Total Equity | $122.91 Million | 100.00% |
Tile Shop Holdings Inc Competitors by Market Cap
The table below lists competitors of Tile Shop Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Paramount Communications Limited
NSE:PARACABLES
|
$130.15 Million |
|
Simmtech Holdings Co. Ltd
KQ:036710
|
$130.17 Million |
|
First Steamship Co Ltd
TW:2601
|
$130.18 Million |
|
Sinar Mas Multiartha Tbk
JK:SMMA
|
$130.24 Million |
|
ARRAIL GROUP LTD.
F:I1D
|
$130.12 Million |
|
John Hancock Income Securities Closed Fund
NYSE:JHS
|
$130.09 Million |
|
Corpovael S.A.B. de C.V
MX:CADUA
|
$130.02 Million |
|
Bhiraj Office Leasehold Real Estate Investment Trust
BK:BOFFICE
|
$129.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tile Shop Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 119,687,000 to 122,912,000, a change of 3,225,000 (2.7%).
- Net income of 2,321,000 contributed positively to equity growth.
- Share repurchases of 503,000 reduced equity.
- Other comprehensive income increased equity by 69,000.
- Other factors increased equity by 1,338,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.32 Million | +1.89% |
| Share Repurchases | $503.00K | -0.41% |
| Other Comprehensive Income | $69.00K | +0.06% |
| Other Changes | $1.34 Million | +1.09% |
| Total Change | $- | 2.69% |
Book Value vs Market Value Analysis
This analysis compares Tile Shop Holdings Inc'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: 1.04x
- 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 0.35x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $8.34 | $2.91 | x |
| 2011-12-31 | $0.15 | $2.91 | x |
| 2012-12-31 | $-1.25 | $2.91 | x |
| 2013-12-31 | $1.58 | $2.91 | x |
| 2014-12-31 | $1.84 | $2.91 | x |
| 2015-12-31 | $2.25 | $2.91 | x |
| 2016-12-31 | $2.68 | $2.91 | x |
| 2017-12-31 | $2.77 | $2.91 | x |
| 2018-12-31 | $2.81 | $2.91 | x |
| 2019-12-31 | $2.59 | $2.91 | x |
| 2020-12-31 | $2.75 | $2.91 | x |
| 2021-12-31 | $2.39 | $2.91 | x |
| 2022-12-31 | $2.21 | $2.91 | x |
| 2023-12-31 | $2.74 | $2.91 | x |
| 2024-12-31 | $2.80 | $2.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tile Shop Holdings Inc 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): 1.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.67%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 2.60x
- Recent ROE (1.89%) is below the historical average (2.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -0.03% | -0.03% | 1.07x | 1.04x | $-12.17 Million |
| 2011 | -9.59% | -0.31% | 1.22x | 25.12x | $-979.43K |
| 2012 | 0.00% | -25.67% | 1.04x | 0.00x | $-42.41 Million |
| 2013 | -45.43% | -15.53% | 0.95x | 3.09x | $-43.51 Million |
| 2014 | 11.26% | 4.10% | 1.02x | 2.69x | $1.18 Million |
| 2015 | 13.62% | 5.36% | 1.19x | 2.13x | $4.18 Million |
| 2016 | 13.29% | 5.70% | 1.22x | 1.91x | $4.57 Million |
| 2017 | 7.52% | 3.14% | 1.27x | 1.88x | $-3.57 Million |
| 2018 | 7.14% | 2.92% | 1.20x | 2.03x | $-4.19 Million |
| 2019 | -3.41% | -1.31% | 0.85x | 3.05x | $-17.55 Million |
| 2020 | 4.34% | 1.86% | 0.95x | 2.46x | $-7.88 Million |
| 2021 | 12.09% | 3.99% | 1.09x | 2.79x | $2.55 Million |
| 2022 | 14.44% | 3.98% | 1.14x | 3.18x | $4.83 Million |
| 2023 | 8.41% | 2.67% | 1.19x | 2.65x | $-1.90 Million |
| 2024 | 1.89% | 0.67% | 1.09x | 2.60x | $-9.97 Million |
Industry Comparison
This section compares Tile Shop Holdings Inc's net assets metrics with peer companies in the Home Improvement Retail industry.
Industry Context
- Industry: Home Improvement Retail
- Average net assets among peers: $3,141,692,750
- Average return on equity (ROE) among peers: 17.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tile Shop Holdings Inc (TTSH) | $122.56 Million | -0.03% | 1.57x | $130.12 Million |
| Floor & Decor Holdings Inc (FND) | $764.34 Million | 19.71% | 2.37x | $5.45 Billion |
| The Home Depot Inc (HD) | $9.32 Billion | 68.06% | 3.29x | $322.43 Billion |
| Haverty Furniture Companies Inc (HVT) | $260.50 Million | 8.39% | 1.15x | $327.12 Million |
| Haverty Furniture Companies Inc (HVT-A) | $291.92 Million | 5.48% | 0.61x | $28.13 Million |
| Kirklands Inc (KIRK) | $117.66 Million | 16.25% | 0.72x | $37.29 Million |
| Live Ventures Inc (LIVE) | $100.14 Million | -0.10% | 3.21x | $40.42 Million |
| Lowe's Companies Inc (LOW) | $14.30 Billion | 19.38% | 0.72x | $130.89 Billion |
| The Brand House Collective, Inc. (TBHC) | $-19.02 Million | 0.00% | 0.00x | $21.11 Million |
About Tile Shop Holdings Inc
Tile Shop Holdings, Inc. operates as a specialty retailer of man-made and natural stone tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury … Read more