Acanthe Développement
ACANTHE DÉVELOPPEMENT is a European Company, with a capital of "22,468,153, whose registered office is located in Paris 8th, 55 rue Pierre Charron, and registered with the Paris Trade and Companies Register under number 735 620 205. ACANTHE DÉVELOPPEMENT shares are listed on Euronext Paris of NYSE Euronext (compartment C, ISIN FR 0000064602).
Acanthe Développement (ACAN) - Net Assets
Latest net assets as of June 2025: €112.05 Million EUR
Based on the latest financial reports, Acanthe Développement (ACAN) has net assets worth €112.05 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€133.12 Million) and total liabilities (€21.07 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 | €112.05 Million |
| % of Total Assets | 84.17% |
| Annual Growth Rate | -6.53% |
| 5-Year Change | -24.28% |
| 10-Year Change | -45.48% |
| Growth Volatility | 11.66 |
Acanthe Développement - Net Assets Trend (2009–2024)
This chart illustrates how Acanthe Développement's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Acanthe Développement (2009–2024)
The table below shows the annual net assets of Acanthe Développement from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €112.21 Million | -5.68% |
| 2023-12-31 | €118.97 Million | -22.48% |
| 2022-12-31 | €153.47 Million | -2.26% |
| 2021-12-31 | €157.01 Million | +5.96% |
| 2020-12-31 | €148.19 Million | -2.62% |
| 2019-12-31 | €152.18 Million | +8.74% |
| 2018-12-31 | €139.95 Million | -18.97% |
| 2017-12-31 | €172.72 Million | -2.96% |
| 2016-12-31 | €177.98 Million | -13.52% |
| 2015-12-31 | €205.81 Million | +1.64% |
| 2014-12-31 | €202.49 Million | -0.30% |
| 2013-12-31 | €203.10 Million | -3.14% |
| 2012-12-31 | €209.68 Million | +6.47% |
| 2011-12-31 | €196.94 Million | -35.53% |
| 2010-12-31 | €305.48 Million | -1.21% |
| 2009-12-31 | €309.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Acanthe Développement'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 1564300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €22.47 Million | 20.02% |
| Other Comprehensive Income | €16.88 Million | 15.05% |
| Other Components | €76.83 Million | 68.47% |
| Total Equity | €112.21 Million | 100.00% |
Acanthe Développement Competitors by Market Cap
The table below lists competitors of Acanthe Développement ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ParaZero Technologies Ltd. Ordinary Shares
NASDAQ:PRZO
|
$17.78 Million |
|
SEAL Incorporated Bhd
KLSE:4286
|
$17.79 Million |
|
Tah Kong Chemical Industrial
TWO:4706
|
$17.79 Million |
|
Thanapiriya Public Company Limited
BK:TNP
|
$17.80 Million |
|
Volitionrx Ltd
NYSE MKT:VNRX
|
$17.77 Million |
|
Thai Rung Union Car Public Company Limited
BK:TRU
|
$17.77 Million |
|
Applus Servicios Tecnologicos
MC:APPS
|
$17.77 Million |
|
SYSTEM1 GROUP LS-01
F:BBA
|
$17.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Acanthe Développement's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 118,975,000 to 112,213,000, a change of -6,762,000 (-5.7%).
- Net loss of 4,000,000 reduced equity.
- Dividend payments of 2,812,000 reduced retained earnings.
- Other comprehensive income decreased equity by 12,778,000.
- Other factors increased equity by 12,828,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.00 Million | -3.56% |
| Dividends Paid | €2.81 Million | -2.51% |
| Other Comprehensive Income | €-12.78 Million | -11.39% |
| Other Changes | €12.83 Million | +11.43% |
| Total Change | €- | -5.68% |
Book Value vs Market Value Analysis
This analysis compares Acanthe Développement'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: 0.35x
- 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 increased from 0.08x to 0.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | €2.93 | €0.24 | x |
| 2010-12-31 | €3.05 | €0.24 | x |
| 2011-12-31 | €1.54 | €0.24 | x |
| 2012-12-31 | €1.61 | €0.24 | x |
| 2013-12-31 | €1.46 | €0.24 | x |
| 2014-12-31 | €1.32 | €0.24 | x |
| 2015-12-31 | €1.30 | €0.24 | x |
| 2016-12-31 | €1.16 | €0.24 | x |
| 2017-12-31 | €1.12 | €0.24 | x |
| 2018-12-31 | €0.89 | €0.24 | x |
| 2019-12-31 | €0.98 | €0.24 | x |
| 2020-12-31 | €0.95 | €0.24 | x |
| 2021-12-31 | €1.01 | €0.24 | x |
| 2022-12-31 | €1.04 | €0.24 | x |
| 2023-12-31 | €0.81 | €0.24 | x |
| 2024-12-31 | €0.68 | €0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Acanthe Développement 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): -3.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -102.01%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.18x
- Recent ROE (-3.56%) is below the historical average (3.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -6.46% | -183.42% | 0.03x | 1.39x | €-49.62 Million |
| 2010 | -0.06% | -1.77% | 0.02x | 1.42x | €-29.92 Million |
| 2011 | -0.49% | -9.26% | 0.03x | 1.53x | €-19.79 Million |
| 2012 | 7.47% | 168.10% | 0.03x | 1.46x | €-4.98 Million |
| 2013 | -2.53% | -46.15% | 0.03x | 1.63x | €-23.84 Million |
| 2014 | 0.81% | 14.00% | 0.03x | 1.67x | €-17.42 Million |
| 2015 | 22.94% | 444.51% | 0.03x | 1.48x | €24.84 Million |
| 2016 | 23.47% | 979.29% | 0.02x | 1.35x | €22.93 Million |
| 2017 | 5.50% | 204.47% | 0.02x | 1.34x | €-7.42 Million |
| 2018 | 8.15% | 209.59% | 0.03x | 1.33x | €-2.44 Million |
| 2019 | 8.84% | 231.36% | 0.03x | 1.41x | €-1.66 Million |
| 2020 | -2.70% | -77.79% | 0.03x | 1.36x | €-17.70 Million |
| 2021 | 5.47% | 209.12% | 0.02x | 1.12x | €-6.71 Million |
| 2022 | 3.20% | 131.30% | 0.02x | 1.07x | €-10.44 Million |
| 2023 | -9.84% | -295.19% | 0.03x | 1.15x | €-23.61 Million |
| 2024 | -3.56% | -102.01% | 0.03x | 1.18x | €-15.22 Million |
Industry Comparison
This section compares Acanthe Développement's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $488,812,502
- Average return on equity (ROE) among peers: -0.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Acanthe Développement (ACAN) | €112.05 Million | -6.46% | 0.19x | $17.78 Million |
| Societe de la Tour Eiffel SA (EIFF) | $560.50 Million | 0.25% | 2.07x | $504.02 Million |
| Fonciere Lyonnaise (FLY) | $818.87 Million | 4.20% | 1.62x | $60.78 Million |
| Maison Antoine Baud Société Anonyme (MLMAB) | $28.70 Million | 5.12% | 1.08x | $2.67 Million |
| Vitura S.A. (VTR) | $547.17 Million | -10.82% | 0.78x | $11.28 Million |