Capelli SA (ALCAP) - Net Assets

Latest as of March 2024: €26.04 Million EUR ≈ $30.44 Million USD

Based on the latest financial reports, Capelli SA (ALCAP) has net assets worth €26.04 Million EUR (≈ $30.44 Million USD) as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€671.05 Million ≈ $784.53 Million USD) and total liabilities (€645.01 Million ≈ $754.08 Million USD). 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. Check asset resilience ratio of Capelli SA to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€26.04 Million
% of Total Assets	3.88%
Annual Growth Rate	-0.66%
5-Year Change	-63.94%
10-Year Change	-28.92%
Growth Volatility	21.8

Capelli SA - Net Assets Trend (2008–2023)

This chart illustrates how Capelli SA's net assets have evolved over time, based on quarterly financial data. Also explore ALCAP total assets for the complete picture of this company's asset base.

Annual Net Assets for Capelli SA (2008–2023)

The table below shows the annual net assets of Capelli SA from 2008 to 2023. For live valuation and market cap data, see ALCAP market cap.

Year	Net Assets	Change
2023-12-31	€26.04 Million ≈ $30.44 Million	-69.59%
2022-12-31	€85.63 Million ≈ $100.11 Million	+19.40%
2021-12-31	€71.72 Million ≈ $83.84 Million	-3.42%
2020-12-31	€74.26 Million ≈ $86.81 Million	+2.84%
2019-12-31	€72.21 Million ≈ $84.42 Million	+2.61%
2018-12-31	€70.37 Million ≈ $82.27 Million	+20.52%
2017-12-31	€58.39 Million ≈ $68.27 Million	+36.77%
2016-12-31	€42.69 Million ≈ $49.91 Million	+9.33%
2015-12-31	€39.05 Million ≈ $45.65 Million	+6.59%
2014-12-31	€36.63 Million ≈ $42.83 Million	+3.70%
2013-12-31	€35.33 Million ≈ $41.30 Million	+1.60%
2012-12-31	€34.77 Million ≈ $40.65 Million	+6.53%
2011-12-31	€32.64 Million ≈ $38.16 Million	+8.07%
2010-12-31	€30.20 Million ≈ $35.31 Million	+4.61%
2009-12-31	€28.87 Million ≈ $33.75 Million	+0.43%
2008-12-31	€28.75 Million ≈ $33.61 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Capelli SA'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 2007.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2023)

Component	Amount	Percentage
Common Stock	€15.14 Million	102.05%
Other Components	€52.47 Million	353.67%
Total Equity	€14.84 Million	100.00%

Capelli SA Competitors by Market Cap

The table below lists competitors of Capelli SA ranked by their market capitalization.

Company	Market Cap
Heliospectra publ AB ST:HELIO	$6.75 Million
XTL Biopharmaceuticals Ltd F:H2K2	$6.75 Million
Chewathai Public Company Limited BK:CHEWA	$6.76 Million
Itech Minerals Ltd AU:ITM	$6.76 Million
Pentanet Ltd AU:5GG	$6.74 Million
Rochester Resources Ltd V:RCT	$6.74 Million
Culpeo Minerals Ltd AU:CPO	$6.74 Million
XOX Technology Bhd KLSE:0017	$6.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Capelli SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 71,882,000 to 14,835,000, a change of -57,047,000 (-79.4%).
Net loss of 52,771,000 reduced equity.
Other comprehensive income decreased equity by 54,860,000.
Other factors increased equity by 50,584,000.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	€-52.77 Million	-355.72%
Other Comprehensive Income	€-54.86 Million	-369.8%
Other Changes	€50.58 Million	+340.98%
Total Change	€-	-79.36%

Book Value vs Market Value Analysis

This analysis compares Capelli SA'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: 0.45x
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 0.24x to 0.45x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	€12.74	€3.08	x
2009-12-31	€10.76	€3.08	x
2010-12-31	€12.94	€3.08	x
2011-12-31	€83.93	€3.08	x
2012-12-31	€89.03	€3.08	x
2013-12-31	€91.38	€3.08	x
2014-12-31	€15.77	€3.08	x
2015-12-31	€16.54	€3.08	x
2016-12-31	€17.86	€3.08	x
2017-12-31	€24.71	€3.08	x
2018-12-31	€31.27	€3.08	x
2019-12-31	€32.48	€3.08	x
2020-12-31	€34.00	€3.08	x
2021-12-31	€33.21	€3.08	x
2022-12-31	€32.80	€3.08	x
2023-12-31	€6.77	€3.08	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Capelli SA 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): -355.72%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -78.77%
• Asset Turnover: 0.10x
• Equity Multiplier: 45.23x
Recent ROE (-355.72%) is below the historical average (-18.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	7.69%	4.13%	0.50x	3.69x	€-624.90K
2009	1.80%	1.14%	0.48x	3.27x	€-2.25 Million
2010	4.08%	2.77%	0.51x	2.87x	€-1.69 Million
2011	7.71%	4.99%	0.55x	2.82x	€-710.00K
2012	8.88%	5.82%	0.48x	3.14x	€-367.40K
2013	6.11%	3.78%	0.46x	3.48x	€-1.31 Million
2014	6.63%	3.54%	0.49x	3.80x	€-1.18 Million
2015	7.59%	3.04%	0.51x	4.85x	€-883.80K
2016	10.04%	3.14%	0.56x	5.74x	€16.70K
2017	10.07%	3.39%	0.49x	6.07x	€36.60K
2018	9.71%	3.56%	0.43x	6.38x	€-198.20K
2019	0.09%	0.03%	0.34x	8.24x	€-7.04 Million
2020	5.79%	1.54%	0.43x	8.72x	€-3.14 Million
2021	3.33%	0.83%	0.38x	10.62x	€-4.86 Million
2022	-28.38%	-10.12%	0.23x	11.95x	€-27.59 Million
2023	-355.72%	-78.77%	0.10x	45.23x	€-54.25 Million

Industry Comparison

This section compares Capelli SA's net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $268,061,861
Average return on equity (ROE) among peers: 10.43%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Capelli SA (ALCAP)	€26.04 Million	7.69%	24.77x	$6.75 Million
Realites (ALREA)	$180.76 Million	1.51%	4.72x	$2.18 Million
Altareit (AREIT)	$682.70 Million	-9.81%	3.91x	$1.04 Billion
Bassac (BASS)	$208.27 Million	7.33%	2.08x	$834.62 Million
Les Constructeurs Du Bois SA (MLLCB)	$516.45K	42.70%	2.29x	$12.34 Million

About Capelli SA

PA:ALCAP France Real Estate - Development

Market Cap

$7.89 Million

€6.75 Million EUR

Market Cap Rank

#27766 Global

#499 in France

Share Price

€3.08

Change (1 day)

+0.00%

52-Week Range

€3.08 - €3.08

All Time High

€50.21