Bourse Direct SA
Bourse Direct SA provides Internet stock brokerage services in France. It offers a platform of services, tools, and financial products, including French and foreign equities, derivatives, trackers, warrants, certificates, turbos, mutual funds, UCITS, and CFDs, as well as tax exemption, retirement, real estate, and life insurance products through the boursedirect.fr, capitol.fr, tradebox.fr, abssy… Read more
Bourse Direct SA (BSD) - Net Assets
Latest net assets as of June 2025: €78.32 Million EUR
Based on the latest financial reports, Bourse Direct SA (BSD) has net assets worth €78.32 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 (€1.28 Billion) and total liabilities (€1.20 Billion). 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 | €78.32 Million |
| % of Total Assets | 6.11% |
| Annual Growth Rate | 4.93% |
| 5-Year Change | 24.89% |
| 10-Year Change | 46.32% |
| Growth Volatility | 272.29 |
Bourse Direct SA - Net Assets Trend (2004–2024)
This chart illustrates how Bourse Direct 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 Bourse Direct SA (2004–2024)
The table below shows the annual net assets of Bourse Direct SA from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €80.51 Million | +15.18% |
| 2023-12-31 | €69.90 Million | +2.23% |
| 2022-12-31 | €68.38 Million | +2.09% |
| 2021-12-31 | €66.97 Million | +3.89% |
| 2020-12-31 | €64.46 Million | +4.63% |
| 2019-12-31 | €61.61 Million | -92.37% |
| 2018-12-31 | €807.32 Million | +1244.13% |
| 2017-12-31 | €60.06 Million | +4.76% |
| 2016-12-31 | €57.34 Million | +4.21% |
| 2015-12-31 | €55.02 Million | +5.66% |
| 2014-12-31 | €52.08 Million | +6.58% |
| 2013-12-31 | €48.86 Million | +7.53% |
| 2012-12-31 | €45.44 Million | +1.97% |
| 2011-12-31 | €44.56 Million | +4.04% |
| 2010-12-31 | €42.83 Million | +1.34% |
| 2009-12-31 | €42.26 Million | +0.66% |
| 2008-12-31 | €41.98 Million | +13.07% |
| 2007-12-31 | €37.13 Million | +66.09% |
| 2006-12-31 | €22.35 Million | -51.71% |
| 2005-12-31 | €46.29 Million | +50.45% |
| 2004-12-31 | €30.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bourse Direct 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 773.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €46.65 Million | 58.27% |
| Common Stock | €13.23 Million | 16.52% |
| Other Comprehensive Income | €53.59 Million | 66.94% |
| Total Equity | €80.06 Million | 100.00% |
Bourse Direct SA Competitors by Market Cap
The table below lists competitors of Bourse Direct SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adlai Nortye Ltd.
F:N2U0
|
$43.18 Million |
|
GENTIAN DIAGNOST. NO -01
F:6FK
|
$43.18 Million |
|
Hammond Manufacturing Company Limited
PINK:HMFAF
|
$43.21 Million |
|
Exel Composites Oyj
HE:EXL1V
|
$43.23 Million |
|
J.G.CHEMICALS LIMITED
NSE:JGCHEM
|
$43.15 Million |
|
Ariana Resources Plc
AU:AA2
|
$43.13 Million |
|
Patria Latin American Opportunity Acquisition Corp
NASDAQ:PLAOU
|
$43.12 Million |
|
Eche Izquierdo
SN:EISA
|
$43.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bourse Direct SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,356,722 to 80,058,000, a change of 3,701,278 (4.8%).
- Net income of 19,133,000 contributed positively to equity growth.
- Dividend payments of 8,260,000 reduced retained earnings.
- Share repurchases of 8,260,000 reduced equity.
- Other comprehensive income increased equity by 52,383,001.
- Other factors decreased equity by 51,294,723.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €19.13 Million | +23.9% |
| Dividends Paid | €8.26 Million | -10.32% |
| Share Repurchases | €8.26 Million | -10.32% |
| Other Comprehensive Income | €52.38 Million | +65.43% |
| Other Changes | €-51.29 Million | -64.07% |
| Total Change | €- | 4.85% |
Book Value vs Market Value Analysis
This analysis compares Bourse Direct 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: 3.11x
- 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 8.64x to 3.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €0.56 | €4.80 | x |
| 2005-12-31 | €0.84 | €4.80 | x |
| 2006-12-31 | €0.40 | €4.80 | x |
| 2007-12-31 | €0.67 | €4.80 | x |
| 2008-12-31 | €0.75 | €4.80 | x |
| 2009-12-31 | €0.76 | €4.80 | x |
| 2010-12-31 | €0.77 | €4.80 | x |
| 2011-12-31 | €0.79 | €4.80 | x |
| 2012-12-31 | €0.87 | €4.80 | x |
| 2013-12-31 | €0.86 | €4.80 | x |
| 2014-12-31 | €0.93 | €4.80 | x |
| 2015-12-31 | €0.93 | €4.80 | x |
| 2016-12-31 | €1.02 | €4.80 | x |
| 2017-12-31 | €1.08 | €4.80 | x |
| 2018-12-31 | €1.12 | €4.80 | x |
| 2019-12-31 | €1.13 | €4.80 | x |
| 2020-12-31 | €1.19 | €4.80 | x |
| 2021-12-31 | €1.23 | €4.80 | x |
| 2022-12-31 | €1.26 | €4.80 | x |
| 2023-12-31 | €1.44 | €4.80 | x |
| 2024-12-31 | €1.54 | €4.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bourse Direct 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): 23.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.05%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 14.63x
- Recent ROE (23.90%) is above the historical average (10.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 17.38% | 66.30% | 0.05x | 5.57x | €2.27 Million |
| 2005 | -5.66% | -17.47% | 0.09x | 3.76x | €-7.25 Million |
| 2006 | 13.14% | 16.41% | 0.07x | 11.75x | €701.60K |
| 2007 | 39.79% | 55.63% | 0.09x | 7.63x | €11.06 Million |
| 2008 | 11.56% | 18.95% | 0.11x | 5.64x | €654.90K |
| 2009 | 5.93% | 11.10% | 0.08x | 6.99x | €-1.72 Million |
| 2010 | 6.52% | 12.03% | 0.07x | 8.24x | €-1.49 Million |
| 2011 | 8.91% | 13.89% | 0.07x | 9.16x | €-487.16K |
| 2012 | 6.86% | 12.02% | 0.05x | 11.60x | €-1.43 Million |
| 2013 | 7.01% | 11.62% | 0.05x | 11.33x | €-1.46 Million |
| 2014 | 6.18% | 8.60% | 0.06x | 11.07x | €-1.99 Million |
| 2015 | 5.35% | 7.97% | 0.06x | 10.74x | €-2.56 Million |
| 2016 | 4.04% | 6.75% | 0.05x | 12.20x | €-3.42 Million |
| 2017 | 5.09% | 8.84% | 0.04x | 13.77x | €-2.97 Million |
| 2018 | 3.70% | 7.00% | 0.04x | 12.93x | €-3.95 Million |
| 2019 | 2.24% | 4.32% | 0.03x | 16.72x | €-4.78 Million |
| 2020 | 9.47% | 13.60% | 0.04x | 18.37x | €-341.22K |
| 2021 | 10.81% | 15.42% | 0.03x | 20.44x | €539.10K |
| 2022 | 8.41% | 11.73% | 0.04x | 19.65x | €-1.07 Million |
| 2023 | 20.87% | 23.98% | 0.05x | 17.06x | €8.30 Million |
| 2024 | 23.90% | 25.05% | 0.07x | 14.63x | €11.13 Million |
Industry Comparison
This section compares Bourse Direct SA's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $128,566,754
- Average return on equity (ROE) among peers: 0.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bourse Direct SA (BSD) | €78.32 Million | 17.38% | 15.36x | $43.17 Million |
| One Experience Société anonyme (ALEXP) | $7.38 Million | -8.68% | 0.87x | $3.13 Million |
| Euroland Corporate SA (MLERO) | $2.06 Million | 0.51% | 1.19x | $31.18K |
| Photonike Capital SA (MLPHO) | $10.86 Million | 1.20% | 10.77x | $1.14K |
| VIEL & Cie société anonyme (VIL) | $493.96 Million | 8.75% | 4.64x | $260.57 Million |