Racing Force S.p.A.
Racing Force S.P.A. engages in the production of safety equipment for the racing and motorsport industry in the Americas, Asia, Oceania, Europe, the Middle East, and Africa. The company offers various protection and performance products for professionals, amateur athletes, racing teams, and car manufacturers worldwide. It also provides non-technical apparel, fireproof and anti-abrasive suits, hel… Read more
Racing Force S.p.A. (ALRFG) - Net Assets
Latest net assets as of June 2025: €60.15 Million EUR
Based on the latest financial reports, Racing Force S.p.A. (ALRFG) has net assets worth €60.15 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 (€90.99 Million) and total liabilities (€30.83 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 | €60.15 Million |
| % of Total Assets | 66.11% |
| Annual Growth Rate | 63.45% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 97.93 |
Racing Force S.p.A. - Net Assets Trend (2020–2024)
This chart illustrates how Racing Force S.p.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 Racing Force S.p.A. (2020–2024)
The table below shows the annual net assets of Racing Force S.p.A. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €60.56 Million | +24.91% |
| 2023-12-31 | €48.48 Million | +32.88% |
| 2022-12-31 | €36.49 Million | +21.96% |
| 2021-12-31 | €29.92 Million | +252.55% |
| 2020-12-31 | €8.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Racing Force S.p.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 324.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €18.67 Million | 30.82% |
| Common Stock | €2.74 Million | 4.52% |
| Other Comprehensive Income | €2.06 Million | 3.40% |
| Other Components | €37.10 Million | 61.26% |
| Total Equity | €60.56 Million | 100.00% |
Racing Force S.p.A. Competitors by Market Cap
The table below lists competitors of Racing Force S.p.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GNA Axles Limited
NSE:GNA
|
$60.95 Million |
|
Esprit Holdings Limited
PINK:ESHDF
|
$60.99 Million |
|
KNH Enterprise Co Ltd
TW:9919
|
$61.01 Million |
|
CANBRIDGE PHARM.DL-00001
F:MF1
|
$61.07 Million |
|
Masoval AS
OL:MAS
|
$60.94 Million |
|
International Development & Investment Corp
VN:IDI
|
$60.94 Million |
|
The Andhra Sugars Limited
NSE:ANDHRSUGAR
|
$60.92 Million |
|
GAMBLING.COM GRP ON
F:6WH
|
$60.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Racing Force S.p.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,484,965 to 60,564,089, a change of 12,079,124 (24.9%).
- Net income of 5,799,071 contributed positively to equity growth.
- Dividend payments of 2,312,928 reduced retained earnings.
- Share repurchases of 250,194 reduced equity.
- New share issuances of 7,336,261 increased equity.
- Other comprehensive income increased equity by 1,616,706.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.80 Million | +9.58% |
| Dividends Paid | €2.31 Million | -3.82% |
| Share Repurchases | €250.19K | -0.41% |
| Share Issuances | €7.34 Million | +12.11% |
| Other Comprehensive Income | €1.62 Million | +2.67% |
| Other Changes | €-109.79K | -0.18% |
| Total Change | €- | 24.91% |
Book Value vs Market Value Analysis
This analysis compares Racing Force S.p.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: 2.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.06x to 2.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | €0.34 | €4.50 | x |
| 2021-12-31 | €1.26 | €4.50 | x |
| 2022-12-31 | €1.54 | €4.50 | x |
| 2023-12-31 | €1.89 | €4.50 | x |
| 2024-12-31 | €2.22 | €4.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Racing Force S.p.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): 9.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.83%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.49x
- Recent ROE (9.58%) is below the historical average (14.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 16.55% | 4.02% | 0.76x | 5.39x | €536.55K |
| 2021 | 13.93% | 8.93% | 0.72x | 2.17x | €1.18 Million |
| 2022 | 20.69% | 12.82% | 0.84x | 1.93x | €3.90 Million |
| 2023 | 9.89% | 7.65% | 0.80x | 1.61x | €-55.23K |
| 2024 | 9.58% | 8.83% | 0.73x | 1.49x | €-257.34K |
Industry Comparison
This section compares Racing Force S.p.A.'s net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $54,564,404
- Average return on equity (ROE) among peers: 6.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Racing Force S.p.A. (ALRFG) | €60.15 Million | 16.55% | 0.51x | $60.94 Million |
| Abeo SAS (ABEO) | $15.86 Million | 0.00% | 3.03x | $10.39 Million |
| Cybergun SA (ALCYB) | $40.48 Million | 0.70% | 0.73x | $501.55 |
| Lexibook Linguistic Electronic System SA (ALLEX) | $11.95 Million | 25.47% | 1.55x | $8.70 Million |
| Piscines Desjoyaux SA (ALPDX) | $119.28 Million | 9.23% | 0.46x | $35.23 Million |
| Compagnie Du Mont-Blanc (MLCMB) | $136.45 Million | 10.07% | 1.53x | $52.72 Million |
| Impulse Fitness Solutions SA (MLIFS) | $3.38 Million | -8.10% | 0.75x | $16.71 Million |