Carmila SA
Carmila S.A. is a leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy. As of December 31, 2025, Carmila's portfolio was valued at "6.7 billion. Welcoming over 600 million visitors each year, Carmila creates local life hubs, vibrant places that are essential to everyday life. Anchored by Carrefour hypermarkets, these centres act as catalysts fo… Read more
Carmila SA (CARM) - Net Assets
Latest net assets as of December 2025: €3.40 Billion EUR
Based on the latest financial reports, Carmila SA (CARM) has net assets worth €3.40 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.69 Billion) and total liabilities (€3.29 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 | €3.40 Billion |
| % of Total Assets | 50.83% |
| Annual Growth Rate | 26.38% |
| 5-Year Change | 0.58% |
| 10-Year Change | 28.25% |
| Growth Volatility | 1009.59 |
Carmila SA - Net Assets Trend (2000–2025)
This chart illustrates how Carmila 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 Carmila SA (2000–2025)
The table below shows the annual net assets of Carmila SA from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.40 Billion | -0.56% |
| 2024-12-31 | €3.42 Billion | +3.83% |
| 2023-12-31 | €3.29 Billion | -6.11% |
| 2022-12-31 | €3.51 Billion | +3.75% |
| 2021-12-31 | €3.38 Billion | +3.43% |
| 2020-12-31 | €3.27 Billion | -7.83% |
| 2019-12-31 | €3.55 Billion | -2.92% |
| 2018-12-31 | €3.65 Billion | +3.11% |
| 2017-12-31 | €3.54 Billion | +33.62% |
| 2016-12-31 | €2.65 Billion | +4501.51% |
| 2015-12-31 | €57.62 Million | +13.24% |
| 2014-12-31 | €50.88 Million | -15.93% |
| 2013-12-31 | €60.52 Million | +23.03% |
| 2012-12-31 | €49.19 Million | +26.00% |
| 2011-12-31 | €39.04 Million | +4.38% |
| 2010-12-31 | €37.40 Million | +3.17% |
| 2009-12-31 | €36.25 Million | +2536.29% |
| 2008-12-31 | €-1.49 Million | +84.97% |
| 2007-12-31 | €-9.90 Million | -17.82% |
| 2006-12-31 | €-8.40 Million | -18.60% |
| 2005-12-31 | €-7.09 Million | -29.28% |
| 2004-12-31 | €-5.48 Million | -70.30% |
| 2003-12-31 | €-3.22 Million | -226.33% |
| 2002-12-31 | €2.55 Million | -41.81% |
| 2001-12-31 | €4.38 Million | -55.11% |
| 2000-12-31 | €9.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carmila 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 122974500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.23 Billion | 36.23% |
| Common Stock | €841.33 Million | 24.78% |
| Other Comprehensive Income | €21.22 Million | 0.63% |
| Other Components | €1.30 Billion | 38.36% |
| Total Equity | €3.39 Billion | 100.00% |
Carmila SA Competitors by Market Cap
The table below lists competitors of Carmila SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Huanghe Whirlwind Co Ltd
SHG:600172
|
$1.54 Billion |
|
Shenzhen Ysstech Info-Tech Co Ltd
SHE:300377
|
$1.54 Billion |
|
Shanghai Phichem Material Co Ltd Class A
SHE:300398
|
$1.54 Billion |
|
Camurus AB
ST:CAMX
|
$1.54 Billion |
|
BOC Aviation Limited
PINK:BCVVF
|
$1.54 Billion |
|
BWP Trust
PINK:BUNNF
|
$1.54 Billion |
|
Valterra Platinum Limited
PINK:ANGPY
|
$1.54 Billion |
|
Brookfield Reinsurance Ltd.
NYSE:BNRE
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carmila SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,413,874,000 to 3,394,536,000, a change of -19,338,000 (-0.6%).
- Net income of 185,467,000 contributed positively to equity growth.
- Dividend payments of 176,051,000 reduced retained earnings.
- Share repurchases of 29,377,000 reduced equity.
- Other comprehensive income increased equity by 3,388,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €185.47 Million | +5.46% |
| Dividends Paid | €176.05 Million | -5.19% |
| Share Repurchases | €29.38 Million | -0.87% |
| Other Comprehensive Income | €3.39 Million | +0.1% |
| Other Changes | €-2.77 Million | -0.08% |
| Total Change | €- | -0.57% |
Book Value vs Market Value Analysis
This analysis compares Carmila 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: 0.74x
- 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 1.58x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | €11.40 | €17.96 | x |
| 2010-12-31 | €11.52 | €17.96 | x |
| 2011-12-31 | €11.98 | €17.96 | x |
| 2012-12-31 | €15.10 | €17.96 | x |
| 2013-12-31 | €18.57 | €17.96 | x |
| 2014-12-31 | €15.62 | €17.96 | x |
| 2015-12-31 | €1.10 | €17.96 | x |
| 2016-12-31 | €25.57 | €17.96 | x |
| 2017-12-31 | €29.64 | €17.96 | x |
| 2018-12-31 | €26.84 | €17.96 | x |
| 2019-12-31 | €25.90 | €17.96 | x |
| 2020-12-31 | €23.27 | €17.96 | x |
| 2021-12-31 | €23.35 | €17.96 | x |
| 2022-12-31 | €24.25 | €17.96 | x |
| 2023-12-31 | €23.02 | €17.96 | x |
| 2024-12-31 | €24.05 | €17.96 | x |
| 2025-12-31 | €24.18 | €17.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carmila 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): 5.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.29%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.97x
- Recent ROE (5.46%) is below the historical average (6.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -15.09% | -234.35% | 0.06x | 1.08x | €-9.10 Million |
| 2010 | 3.09% | 50.93% | 0.06x | 1.07x | €-2.58 Million |
| 2011 | 4.23% | 69.56% | 0.06x | 1.06x | €-2.25 Million |
| 2012 | 20.64% | 443.90% | 0.04x | 1.29x | €5.23 Million |
| 2013 | 18.72% | 59.69% | 0.17x | 1.81x | €5.28 Million |
| 2014 | 12.26% | 314.95% | 0.03x | 1.42x | €1.15 Million |
| 2015 | 17.85% | 244.30% | 0.06x | 1.22x | €4.52 Million |
| 2016 | 11.14% | 103.93% | 0.05x | 1.97x | €30.25 Million |
| 2017 | 8.87% | 99.06% | 0.05x | 1.71x | €-39.86 Million |
| 2018 | 4.48% | 38.62% | 0.07x | 1.78x | €-201.13 Million |
| 2019 | 3.06% | 23.93% | 0.07x | 1.84x | €-245.83 Million |
| 2020 | -6.09% | -45.18% | 0.07x | 1.98x | €-525.03 Million |
| 2021 | 5.69% | 43.24% | 0.07x | 1.89x | €-145.36 Million |
| 2022 | 6.26% | 46.40% | 0.07x | 1.86x | €-130.84 Million |
| 2023 | 0.08% | 0.57% | 0.07x | 2.05x | €-326.00 Million |
| 2024 | 9.19% | 61.91% | 0.08x | 1.98x | €-27.55 Million |
| 2025 | 5.46% | 32.29% | 0.09x | 1.97x | €-153.99 Million |
Industry Comparison
This section compares Carmila SA's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $262,500,042
- Average return on equity (ROE) among peers: 8.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carmila SA (CARM) | €3.40 Billion | -15.09% | 0.97x | $1.54 Billion |
| Frey SA (FREY) | $13.66 Million | 10.45% | 1.50x | $313.62 Million |
| Mercialys SA (MERY) | $895.12 Million | 9.59% | 2.04x | $1.05 Billion |
| M.R.M. SA (MRM) | $21.30 Million | 11.77% | 13.17x | $31.86 Million |
| Patrimoine et Commerce SA (PAT) | $317.40 Million | 8.39% | 1.20x | $135.14 Million |
| Selectirente (SELER) | $65.02 Million | 3.84% | 1.09x | $108.18 Million |