Kumulus Vape SA
Kumulus Vape S.A., an e-merchant, sells and distributes vaping products and related products in France. The company operates two sales platforms, such as kumulusvape.fr and kmls.fr. The company offers equipment, including electronic cigarettes, boxes and batteries, puffs, and pods, as well as clearomizers, resistors, tanks, drippers, and pod cartridges; e-liquids; accessories, such as drip tips, … Read more
Kumulus Vape SA (ALVAP) - Net Assets
Latest net assets as of June 2025: €16.57 Million EUR
Based on the latest financial reports, Kumulus Vape SA (ALVAP) has net assets worth €16.57 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 (€27.63 Million) and total liabilities (€11.06 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 | €16.57 Million |
| % of Total Assets | 59.98% |
| Annual Growth Rate | 69.52% |
| 5-Year Change | 249.34% |
| 10-Year Change | N/A |
| Growth Volatility | 91.37 |
Kumulus Vape SA - Net Assets Trend (2016–2024)
This chart illustrates how Kumulus Vape SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kumulus Vape SA (2016–2024)
The table below shows the annual net assets of Kumulus Vape SA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €16.48 Million | +10.27% |
| 2023-12-31 | €14.94 Million | +26.63% |
| 2022-12-31 | €11.80 Million | +27.04% |
| 2021-12-31 | €9.29 Million | +96.92% |
| 2020-12-31 | €4.72 Million | +296.07% |
| 2019-12-31 | €1.19 Million | +31.51% |
| 2018-12-31 | €905.59K | +45.25% |
| 2017-12-31 | €623.49K | +157.98% |
| 2016-12-31 | €241.69K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kumulus Vape 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 grown by 3992.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.99 Million | 12.10% |
| Common Stock | €153.33K | 0.93% |
| Other Comprehensive Income | €6.51 Million | 39.53% |
| Other Components | €7.82 Million | 47.43% |
| Total Equity | €16.48 Million | 100.00% |
Kumulus Vape SA Competitors by Market Cap
The table below lists competitors of Kumulus Vape SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pininfarina S.p.A
F:PNF
|
$8.94 Million |
|
Charlotte's Web Holdings Inc
OTCQX:CWBHF
|
$8.94 Million |
|
Shengfeng Development Limited Class A Ordinary Shares
NASDAQ:SFWL
|
$8.94 Million |
|
Canso Select Opportunities Corporation
V:CSOC-B
|
$8.94 Million |
|
Ostasiatiske Kompagni A/S
CO:OKEAC
|
$8.93 Million |
|
Fernheizwerk Neukölln Aktiengesellschaft
F:FHW
|
$8.93 Million |
|
Biotechnology Assets S.A.
MC:BST
|
$8.93 Million |
|
Kuobrothers
TWO:8477
|
$8.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kumulus Vape SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,943,152 to 16,478,507, a change of 1,535,355 (10.3%).
- Net income of 2,641,941 contributed positively to equity growth.
- Dividend payments of 459,337 reduced retained earnings.
- Other comprehensive income increased equity by 2,094,859.
- Other factors decreased equity by 2,742,108.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.64 Million | +16.03% |
| Dividends Paid | €459.34K | -2.79% |
| Other Comprehensive Income | €2.09 Million | +12.71% |
| Other Changes | €-2.74 Million | -16.64% |
| Total Change | €- | 10.27% |
Book Value vs Market Value Analysis
This analysis compares Kumulus Vape 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: 0.68x
- 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 28.79x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | €0.12 | €3.50 | x |
| 2017-12-31 | €0.31 | €3.50 | x |
| 2018-12-31 | €0.46 | €3.50 | x |
| 2019-12-31 | €0.60 | €3.50 | x |
| 2020-12-31 | €1.90 | €3.50 | x |
| 2021-12-31 | €3.26 | €3.50 | x |
| 2022-12-31 | €4.02 | €3.50 | x |
| 2023-12-31 | €4.88 | €3.50 | x |
| 2024-12-31 | €5.11 | €3.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kumulus Vape 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): 16.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.35%
- • Asset Turnover: 2.25x
- • Equity Multiplier: 1.64x
- Recent ROE (16.03%) is below the historical average (18.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 20.16% | 3.48% | 3.84x | 1.51x | €24.57K |
| 2017 | 21.94% | 4.54% | 3.08x | 1.57x | €74.46K |
| 2018 | 31.15% | 4.34% | 3.79x | 1.89x | €191.54K |
| 2019 | 6.51% | 0.73% | 3.71x | 2.39x | €-41.55K |
| 2020 | 17.50% | 3.67% | 2.96x | 1.61x | €354.00K |
| 2021 | 14.36% | 3.87% | 2.79x | 1.33x | €404.80K |
| 2022 | 18.89% | 3.99% | 3.11x | 1.52x | €1.05 Million |
| 2023 | 16.99% | 4.23% | 2.55x | 1.58x | €1.05 Million |
| 2024 | 16.03% | 4.35% | 2.25x | 1.64x | €994.09K |
Industry Comparison
This section compares Kumulus Vape SA's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $58,595,214
- Average return on equity (ROE) among peers: -6.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kumulus Vape SA (ALVAP) | €16.57 Million | 20.16% | 0.67x | $8.93 Million |
| Spartoo SAS (ALSPT) | $38.38 Million | 3.97% | 1.75x | $1.53 Million |
| Vente Unique.com (ALVU) | $7.95 Million | 26.51% | 2.07x | $35.59 Million |
| Colipays Reunion SA (MLCLP) | $2.85K | -58.58% | 0.81x | $24.41K |
| SRP Groupe SA (SRP) | $188.05 Million | 2.73% | 0.82x | $18.34 Million |