Bénéteau S.A
Bénéteau S.A. designs, manufactures, and sells boats and leisure homes in France and internationally. It provides boats under the Beneteau, Jeanneau, Lagoon, Prestige, Four Winns, Scarab, WellCraft, EXCESS, and Delphia brand names; and leisure homes under the IRM, O'HARA, and Coco Sweet brand names. The company also offers bandofbaots.com, a community services platform for purchase and sale of ne… Read more
Bénéteau S.A (BTEAF) - Net Assets
Latest net assets as of December 2024: $885.86 Million USD
Based on the latest financial reports, Bénéteau S.A (BTEAF) has net assets worth $885.86 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.65 Billion) and total liabilities ($766.45 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 | $885.86 Million |
| % of Total Assets | 53.61% |
| Annual Growth Rate | 5.79% |
| 5-Year Change | 63.68% |
| 10-Year Change | 70.38% |
| Growth Volatility | 9.65 |
Bénéteau S.A - Net Assets Trend (2014–2024)
This chart illustrates how Bénéteau S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bénéteau S.A (2014–2024)
The table below shows the annual net assets of Bénéteau S.A from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $885.86 Million | +3.49% |
| 2023-12-31 | $856.02 Million | +21.17% |
| 2022-12-31 | $706.48 Million | +12.06% |
| 2021-12-31 | $630.46 Million | +16.49% |
| 2020-12-31 | $541.21 Million | -15.98% |
| 2019-12-31 | $644.12 Million | +1.71% |
| 2018-12-31 | $633.30 Million | +7.22% |
| 2017-12-31 | $590.64 Million | +10.97% |
| 2016-12-31 | $532.26 Million | +2.37% |
| 2015-12-31 | $519.92 Million | +3.07% |
| 2014-12-31 | $504.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bénéteau S.A'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 910.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $92.85 Million | 10.48% |
| Other Components | $793.14 Million | 89.52% |
| Total Equity | $885.99 Million | 100.00% |
Bénéteau S.A Competitors by Market Cap
The table below lists competitors of Bénéteau S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amtran Technology Co Ltd
TW:2489
|
$279.32 Million |
|
Zhejiang Zhaofeng Mechanical and Electronic Co Ltd
SHE:300695
|
$279.34 Million |
|
Uni-Trend Technology China Co. Ltd. A
SHG:688628
|
$279.34 Million |
|
Optotech Corp
TW:2340
|
$279.36 Million |
|
Wanma Technology Co Ltd
SHE:300698
|
$279.07 Million |
|
Xinlong Holding Group Co Ltd
SHE:000955
|
$279.03 Million |
|
Tianjin Jiuri New Materials Co Ltd
SHG:688199
|
$278.88 Million |
|
Shouyao Holdings (Beijing) Co. Ltd. A
SHG:688197
|
$278.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bénéteau S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 855,911,000 to 885,994,000, a change of 30,083,000 (3.5%).
- Net income of 92,851,000 contributed positively to equity growth.
- Dividend payments of 58,952,000 reduced retained earnings.
- Share repurchases of 4,639,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $92.85 Million | +10.48% |
| Dividends Paid | $58.95 Million | -6.65% |
| Share Repurchases | $4.64 Million | -0.52% |
| Other Changes | $823.00K | +0.09% |
| Total Change | $- | 3.51% |
Book Value vs Market Value Analysis
This analysis compares Bénéteau S.A'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.
- The price-to-book ratio has decreased from 1.10x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $7.68 | $8.43 | x |
| 2019-12-31 | $7.88 | $8.43 | x |
| 2020-12-31 | $6.67 | $8.43 | x |
| 2021-12-31 | $7.73 | $8.43 | x |
| 2022-12-31 | $8.80 | $8.43 | x |
| 2023-12-31 | $10.58 | $8.43 | x |
| 2024-12-31 | $11.00 | $8.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bénéteau S.A 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): 10.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.98%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.86x
- Recent ROE (10.48%) is above the historical average (7.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.82% | 1.14% | 0.96x | 1.68x | $-41.22 Million |
| 2015 | 2.47% | 1.32% | 1.08x | 1.73x | $-39.10 Million |
| 2016 | 4.66% | 2.29% | 1.18x | 1.73x | $-28.35 Million |
| 2017 | 10.13% | 4.94% | 1.17x | 1.75x | $778.40K |
| 2018 | 9.71% | 4.76% | 1.16x | 1.75x | $-1.84 Million |
| 2019 | 7.67% | 3.70% | 0.96x | 2.17x | $-15.03 Million |
| 2020 | -14.89% | -6.02% | 1.05x | 2.36x | $-135.17 Million |
| 2021 | 11.64% | 5.98% | 0.88x | 2.22x | $10.35 Million |
| 2022 | 14.60% | 8.24% | 0.72x | 2.44x | $32.49 Million |
| 2023 | 21.61% | 12.63% | 0.73x | 2.35x | $99.40 Million |
| 2024 | 10.48% | 8.98% | 0.63x | 1.86x | $4.25 Million |
Industry Comparison
This section compares Bénéteau S.A's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $75,771,700
- Average return on equity (ROE) among peers: -16.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bénéteau S.A (BTEAF) | $885.86 Million | 1.82% | 0.87x | $279.12 Million |
| Alternet Systems Inc (ALYI) | $-168.02K | 0.00% | 0.00x | $74.94K |
| Brunswick Corporation (BC) | $1.10 Billion | 7.12% | 2.09x | $4.64 Billion |
| Ev Dynamics (Holdings) Limited (CHDHF) | $21.54 Million | -64.69% | 0.65x | $2.95 Million |
| Curtiss Motorcycles Company Inc (CMOT) | $-1.30 Million | 0.00% | 0.00x | $411.06K |
| BRP Inc (DOOO) | $-474.90 Million | 0.00% | 0.00x | $2.73 Billion |
| Evil Empire Designs Inc. (EVVL) | $-119.34K | 0.00% | 0.00x | $5.82K |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $263.57K |
| Folkup Development Inc (FLDI) | $2.16K | -39.02% | 0.41x | $4.00 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $1.73 Million |