Believe SAS
Believe S.A. provides digital music services for independent labels and local artists in France, Germany, rest of Europe, the Americas, Asia, Oceania, and Pacific. It operates through two segments, Premium Solutions and Automated Solutions. The company engages in the sale, promotion, and delivery of digital content provided by artists and labels by developing their catalog on digital platforms an… Read more
Believe SAS (BLV) - Net Assets
Latest net assets as of December 2024: €360.52 Million EUR
Based on the latest financial reports, Believe SAS (BLV) has net assets worth €360.52 Million EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.17 Billion) and total liabilities (€811.38 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 | €360.52 Million |
| % of Total Assets | 30.76% |
| Annual Growth Rate | 41.7% |
| 5-Year Change | 137.92% |
| 10-Year Change | N/A |
| Growth Volatility | 143.03 |
Believe SAS - Net Assets Trend (2017–2024)
This chart illustrates how Believe SAS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Believe SAS (2017–2024)
The table below shows the annual net assets of Believe SAS from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €360.52 Million | -4.93% |
| 2023-12-31 | €379.21 Million | -1.47% |
| 2022-12-31 | €384.86 Million | -5.00% |
| 2021-12-31 | €405.10 Million | +167.34% |
| 2020-12-31 | €151.53 Million | -14.07% |
| 2019-12-31 | €176.34 Million | +398.02% |
| 2018-12-31 | €35.41 Million | +12.70% |
| 2017-12-31 | €31.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Believe SAS'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €503.00K | 0.14% |
| Other Comprehensive Income | €-121.85 Million | -33.91% |
| Other Components | €480.65 Million | 133.77% |
| Total Equity | €359.31 Million | 100.00% |
Believe SAS Competitors by Market Cap
The table below lists competitors of Believe SAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TG-17, Inc. Common Stock
NASDAQ:OBAI
|
$4.05 Million |
|
American Uranium Ltd
AU:AMU
|
$4.05 Million |
|
G-Yen Hutong Co., Ltd.
TWO:2761
|
$4.05 Million |
|
LTKM Bhd
KLSE:7085
|
$4.05 Million |
|
Render Cube S.A.
WAR:RND
|
$4.05 Million |
|
Yerbaé Brands Corp.
PINK:YERBF
|
$4.05 Million |
|
Hydrofarm Holdings Group Inc
NASDAQ:HYFM
|
$4.05 Million |
|
BQUE NATLE BELG. O.N.
F:BKB
|
$4.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Believe SAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 370,766,000 to 359,306,000, a change of -11,460,000 (-3.1%).
- Net loss of 3,054,000 reduced equity.
- Share repurchases of 11,787,000 reduced equity.
- Other comprehensive income decreased equity by 22,907,000.
- Other factors increased equity by 26,288,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.05 Million | -0.85% |
| Share Repurchases | €11.79 Million | -3.28% |
| Other Comprehensive Income | €-22.91 Million | -6.38% |
| Other Changes | €26.29 Million | +7.32% |
| Total Change | €- | -3.09% |
Book Value vs Market Value Analysis
This analysis compares Believe SAS'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: 4.74x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.36x to 4.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.21 | €17.20 | x |
| 2018-12-31 | €3.61 | €17.20 | x |
| 2019-12-31 | €1.84 | €17.20 | x |
| 2020-12-31 | €1.51 | €17.20 | x |
| 2021-12-31 | €4.19 | €17.20 | x |
| 2022-12-31 | €3.91 | €17.20 | x |
| 2023-12-31 | €3.83 | €17.20 | x |
| 2024-12-31 | €3.63 | €17.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Believe SAS 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): -0.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.31%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 3.26x
- Recent ROE (-0.85%) is above the historical average (-3.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 7.01% | 1.04% | 0.62x | 10.98x | €-1.05 Million |
| 2019 | 2.60% | 1.16% | 0.67x | 3.35x | €-13.04 Million |
| 2020 | -18.14% | -5.95% | 0.67x | 4.55x | €-40.78 Million |
| 2021 | -7.12% | -4.96% | 0.63x | 2.27x | €-68.85 Million |
| 2022 | -6.64% | -3.28% | 0.76x | 2.67x | €-62.56 Million |
| 2023 | -1.48% | -0.62% | 0.80x | 2.99x | €-42.56 Million |
| 2024 | -0.85% | -0.31% | 0.84x | 3.26x | €-38.98 Million |
Industry Comparison
This section compares Believe SAS's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $1,823,771,148
- Average return on equity (ROE) among peers: -13.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Believe SAS (BLV) | €360.52 Million | 7.01% | 2.25x | $4.05 Million |
| Alchimie Sa (ALCHI) | $5.14 Million | 0.00% | 4.05x | $98.16K |
| Europacorp (ALECP) | $96.51 Million | -124.22% | 5.90x | $6.71 Million |
| Iervolino & Lady Bacardi Entertainment S.p.A. (ALIE) | $47.65 Million | 42.50% | 1.16x | $8.02 Million |
| Bollore SA (BOL) | $9.71 Billion | 2.25% | 0.95x | $2.83 Billion |
| Eagle Football Group SA (EFG) | $39.38 Million | -64.00% | 20.09x | $9.32 Million |
| Gaumont SA (GAM) | $218.04 Million | 11.66% | 0.57x | $32.41 Million |
| VANTIVA SA (VANTI) | $4.48 Billion | 9.37% | 1.44x | $41.10 Million |
| Xilam Animation (XIL) | $48.22K | 10.70% | 0.79x | $10.09 Million |