Xpel Inc
XPEL, Inc. manufactures, installs, sells, and distributes protective films, coatings and related services. It offers automotive surface and paint protection, windshield protection, and automotive and architectural window films, as well as proprietary DAP software. The company also provides pre-cut film products, merchandise and apparel, ceramic coatings, installation, and tools and accessories. I… Read more
Xpel Inc (XPEL) - Net Assets
Latest net assets as of September 2025: $273.85 Million USD
Based on the latest financial reports, Xpel Inc (XPEL) has net assets worth $273.85 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 ($387.69 Million) and total liabilities ($113.84 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $273.85 Million |
| % of Total Assets | 70.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | 322.34% |
| 10-Year Change | 2602.75% |
| Growth Volatility | 54.48 |
Xpel Inc - Net Assets Trend (2003–2024)
This chart illustrates how Xpel Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xpel Inc (2003–2024)
The table below shows the annual net assets of Xpel Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $225.46 Million | +25.26% |
| 2023-12-31 | $179.99 Million | +44.31% |
| 2022-12-31 | $124.72 Million | +47.67% |
| 2021-12-31 | $84.46 Million | +58.22% |
| 2020-12-31 | $53.38 Million | +52.99% |
| 2019-12-31 | $34.89 Million | +69.28% |
| 2018-12-31 | $20.61 Million | +48.80% |
| 2017-12-31 | $13.85 Million | +34.58% |
| 2016-12-31 | $10.29 Million | +23.40% |
| 2015-12-31 | $8.34 Million | +11.46% |
| 2014-12-31 | $7.48 Million | +73.43% |
| 2013-12-31 | $4.32 Million | +44.08% |
| 2012-12-31 | $2.99 Million | +63.41% |
| 2011-12-31 | $1.83 Million | +83.12% |
| 2010-12-31 | $1.00 Million | +74.05% |
| 2009-12-31 | $575.01K | -43.62% |
| 2008-12-31 | $1.02 Million | -77.87% |
| 2007-12-31 | $4.61 Million | +2871.02% |
| 2006-12-31 | $-166.32K | -125.90% |
| 2005-12-31 | $642.12K | +782.74% |
| 2004-12-31 | $-94.05K | -80.29% |
| 2003-12-31 | $-52.17K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xpel 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 grown by 21416516700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $214.11 Million | 94.97% |
| Common Stock | $28.00K | 0.01% |
| Other Comprehensive Income | $-4.24 Million | -1.88% |
| Other Components | $15.55 Million | 6.90% |
| Total Equity | $225.46 Million | 100.00% |
Xpel Inc Competitors by Market Cap
The table below lists competitors of Xpel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino Wealth Electronic Ltd
SHE:300327
|
$905.59 Million |
|
Braskem SA Class A
NYSE:BAK
|
$905.63 Million |
|
Univest Corporation Pennsylvania
NASDAQ:UVSP
|
$906.49 Million |
|
RLJ Lodging Trust
NYSE:RLJ
|
$906.56 Million |
|
Haima Automobile Group Co Ltd
SHE:000572
|
$904.42 Million |
|
Zhejiang Jingxing Paper Joint Stock Co Ltd
SHE:002067
|
$904.31 Million |
|
INDOF.CBP SUK.MAKM.RP 50
F:48I
|
$904.17 Million |
|
Wuxi Huaguang Boiler Co Ltd
SHG:600475
|
$903.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xpel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,989,000 to 225,455,000, a change of 45,466,000 (25.3%).
- Net income of 45,489,000 contributed positively to equity growth.
- Share repurchases of 193,000 reduced equity.
- Other comprehensive income decreased equity by 3,027,000.
- Other factors increased equity by 3,197,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $45.49 Million | +20.18% |
| Share Repurchases | $193.00K | -0.09% |
| Other Comprehensive Income | $-3.03 Million | -1.34% |
| Other Changes | $3.20 Million | +1.42% |
| Total Change | $- | 25.26% |
Book Value vs Market Value Analysis
This analysis compares Xpel 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: 4.69x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.00 | $38.28 | x |
| 2004-12-31 | $-0.01 | $38.28 | x |
| 2005-12-31 | $0.03 | $38.28 | x |
| 2006-12-31 | $-0.01 | $38.28 | x |
| 2007-12-31 | $0.20 | $38.28 | x |
| 2008-12-31 | $0.04 | $38.28 | x |
| 2009-12-31 | $0.02 | $38.28 | x |
| 2010-12-31 | $0.04 | $38.28 | x |
| 2011-12-31 | $0.07 | $38.28 | x |
| 2012-12-31 | $0.12 | $38.28 | x |
| 2013-12-31 | $0.17 | $38.28 | x |
| 2014-12-31 | $0.29 | $38.28 | x |
| 2015-12-31 | $0.32 | $38.28 | x |
| 2016-12-31 | $0.40 | $38.28 | x |
| 2017-12-31 | $0.51 | $38.28 | x |
| 2018-12-31 | $0.75 | $38.28 | x |
| 2019-12-31 | $1.27 | $38.28 | x |
| 2020-12-31 | $1.93 | $38.28 | x |
| 2021-12-31 | $3.06 | $38.28 | x |
| 2022-12-31 | $4.52 | $38.28 | x |
| 2023-12-31 | $6.51 | $38.28 | x |
| 2024-12-31 | $8.16 | $38.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xpel 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): 20.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.82%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.27x
- Recent ROE (20.18%) is above the historical average (-6.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | -2.01% | 5.21x | 0.00x | $-35.28K |
| 2004 | 0.00% | -25.25% | 4.23x | 0.00x | $-645.84K |
| 2005 | -115.69% | -24.41% | 2.75x | 1.73x | $-807.07K |
| 2006 | 0.00% | -42.76% | 3.25x | 0.00x | $-1.43 Million |
| 2007 | -17.88% | -14.07% | 0.84x | 1.52x | $-1.28 Million |
| 2008 | -384.13% | -50.38% | 2.54x | 3.00x | $-4.02 Million |
| 2009 | -98.51% | -14.77% | 2.44x | 2.73x | $-623.91K |
| 2010 | 42.55% | 10.31% | 2.46x | 1.68x | $325.73K |
| 2011 | 44.52% | 13.50% | 1.87x | 1.77x | $632.62K |
| 2012 | 38.81% | 10.89% | 1.98x | 1.80x | $862.72K |
| 2013 | 30.60% | 7.38% | 2.78x | 1.49x | $888.75K |
| 2014 | 41.87% | 10.45% | 2.35x | 1.70x | $2.36 Million |
| 2015 | 18.63% | 3.75% | 2.12x | 2.34x | $720.08K |
| 2016 | 21.41% | 4.28% | 2.37x | 2.11x | $1.18 Million |
| 2017 | 8.50% | 1.75% | 2.33x | 2.08x | $-208.75K |
| 2018 | 41.88% | 7.93% | 3.60x | 1.47x | $6.63 Million |
| 2019 | 39.87% | 10.76% | 2.52x | 1.47x | $10.47 Million |
| 2020 | 34.25% | 11.50% | 1.90x | 1.57x | $12.94 Million |
| 2021 | 37.37% | 12.18% | 1.61x | 1.91x | $23.12 Million |
| 2022 | 33.18% | 12.77% | 1.68x | 1.55x | $28.91 Million |
| 2023 | 29.34% | 13.32% | 1.57x | 1.40x | $34.80 Million |
| 2024 | 20.18% | 10.82% | 1.47x | 1.27x | $22.94 Million |
Industry Comparison
This section compares Xpel Inc's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $103,481,752,622
- Average return on equity (ROE) among peers: 15.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xpel Inc (XPEL) | $273.85 Million | 0.00% | 0.42x | $905.47 Million |
| Altisource Asset Management Corporation (AAMCF) | $-89.89 Million | 0.00% | 0.00x | $94.00 |
| Advance Auto Parts Inc (AAP) | $2.00 Billion | 24.66% | 2.98x | $3.18 Billion |
| AB Dynamics plc (ABDDF) | $17.52 Million | 22.12% | 0.22x | $390.81 Million |
| Adient PLC (ADNT) | $2.60 Billion | 7.88% | 2.62x | $1.54 Billion |
| Agristar Inc (AGRS) | $687.77K | -63.01% | 1.48x | $96.09 |
| Akebono Brake Industry Co. Ltd (AKBIF) | $53.88 Billion | 46.13% | 1.76x | $73.29 Million |
| Allison Transmission Holdings Inc (ALSN) | $689.00 Million | 73.15% | 5.10x | $9.85 Billion |
| Autoliv Inc (ALV) | $2.40 Billion | 11.99% | 1.21x | $7.72 Billion |
| Aptiv PLC (APTV) | $4.01 Billion | 24.68% | 2.36x | $15.08 Billion |
| Aisin Seiki Co Ltd (ASEKY) | $969.31 Billion | 5.73% | 1.14x | $5.03 Billion |