Soc Centrale Bois Scieries Manche SA

PA:CBSM France REIT - Diversified
Market Cap
$125.09 Million
€121.86 Million EUR
Market Cap Rank
#23697 Global
#201 in France
Share Price
€9.05
Change (1 day)
+0.00%
52-Week Range
€8.25 - €10.20
All Time High
€10.60
About

Societe Centrale des Bois et Scieries de la Manche engages in the ownership, management, and lease of real estate properties in France. It leases offices, business properties, mixed activity locations, and residences. The company is based in Paris, France.

Soc Centrale Bois Scieries Manche SA (CBSM) - Net Assets

Latest net assets as of June 2025: €262.60 Million EUR

Based on the latest financial reports, Soc Centrale Bois Scieries Manche SA (CBSM) has net assets worth €262.60 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 (€502.48 Million) and total liabilities (€239.88 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 €262.60 Million
% of Total Assets 52.26%
Annual Growth Rate 16.81%
5-Year Change 31.68%
10-Year Change 73.82%
Growth Volatility 41.68

Soc Centrale Bois Scieries Manche SA - Net Assets Trend (2005–2025)

This chart illustrates how Soc Centrale Bois Scieries Manche 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 Soc Centrale Bois Scieries Manche SA (2005–2025)

The table below shows the annual net assets of Soc Centrale Bois Scieries Manche SA from 2005 to 2025.

Year Net Assets Change
2025-06-30 €262.60 Million +3.63%
2024-06-30 €253.40 Million -0.14%
2023-06-30 €253.76 Million +7.54%
2022-06-30 €235.98 Million +18.32%
2021-06-30 €199.43 Million +8.64%
2020-06-30 €183.56 Million -15.61%
2019-06-30 €217.53 Million +30.97%
2018-06-30 €166.09 Million +29.24%
2017-06-30 €128.51 Million -14.94%
2016-06-30 €151.08 Million +15.49%
2015-06-30 €130.82 Million -14.61%
2014-06-30 €153.21 Million +21.37%
2013-06-30 €126.23 Million +43.50%
2012-06-30 €87.97 Million +9.40%
2011-06-30 €80.41 Million +23.50%
2010-06-30 €65.11 Million +10.80%
2009-06-30 €58.77 Million -25.34%
2008-06-30 €78.71 Million +19.91%
2007-06-30 €65.64 Million +133.60%
2006-06-30 €28.10 Million +139.34%
2005-06-30 €11.74 Million --

Equity Component Analysis

This analysis shows how different components contribute to Soc Centrale Bois Scieries Manche 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 184.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings €12.83 Million 4.89%
Common Stock €34.34 Million 13.08%
Other Comprehensive Income €228.20 Million 86.92%
Total Equity €262.53 Million 100.00%

Soc Centrale Bois Scieries Manche SA Competitors by Market Cap

The table below lists competitors of Soc Centrale Bois Scieries Manche SA ranked by their market capitalization.

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Soc Centrale Bois Scieries Manche SA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 253,352,000 to 262,532,000, a change of 9,180,000 (3.6%).
  • Net income of 12,829,000 contributed positively to equity growth.
  • Dividend payments of 2,298,000 reduced retained earnings.
  • Share repurchases of 1,477,000 reduced equity.
  • Other comprehensive income increased equity by 9,508,000.
  • Other factors decreased equity by 9,382,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income €12.83 Million +4.89%
Dividends Paid €2.30 Million -0.88%
Share Repurchases €1.48 Million -0.56%
Other Comprehensive Income €9.51 Million +3.62%
Other Changes €-9.38 Million -3.57%
Total Change €- 3.62%

Book Value vs Market Value Analysis

This analysis compares Soc Centrale Bois Scieries Manche 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: 0.47x
  • 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 1.98x to 0.47x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2009-06-30 €4.57 €9.05 x
2010-06-30 €4.81 €9.05 x
2011-06-30 €5.78 €9.05 x
2012-06-30 €6.36 €9.05 x
2013-06-30 €7.34 €9.05 x
2014-06-30 €8.27 €9.05 x
2015-06-30 €8.58 €9.05 x
2016-06-30 €8.99 €9.05 x
2017-06-30 €8.57 €9.05 x
2018-06-30 €9.31 €9.05 x
2019-06-30 €10.64 €9.05 x
2020-06-30 €12.56 €9.05 x
2021-06-30 €13.45 €9.05 x
2022-06-30 €17.56 €9.05 x
2023-06-30 €19.46 €9.05 x
2024-06-30 €18.51 €9.05 x
2025-06-30 €19.19 €9.05 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Soc Centrale Bois Scieries Manche 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): 4.89%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 56.89%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 1.91x
  • Recent ROE (4.89%) is below the historical average (11.14%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 38.41% 54.31% 0.16x 4.45x €3.34 Million
2006 41.13% 54.37% 0.21x 3.55x €8.75 Million
2007 33.61% 102.55% 0.07x 4.90x €15.50 Million
2008 3.33% 11.68% 0.07x 4.05x €-5.25 Million
2009 -14.74% -37.94% 0.08x 5.12x €-14.54 Million
2010 12.08% 34.00% 0.08x 4.50x €1.36 Million
2011 12.93% 47.88% 0.07x 3.61x €2.36 Million
2012 8.65% 39.18% 0.07x 3.12x €-1.19 Million
2013 3.41% 18.48% 0.06x 2.89x €-6.08 Million
2014 7.15% 38.36% 0.06x 3.20x €-2.83 Million
2015 7.46% 42.90% 0.06x 3.02x €-2.77 Million
2016 8.77% 56.85% 0.05x 2.90x €-1.44 Million
2017 8.27% 59.48% 0.05x 2.77x €-2.22 Million
2018 7.96% 60.54% 0.05x 2.51x €-2.81 Million
2019 11.87% 119.47% 0.04x 2.46x €2.97 Million
2020 12.61% 132.18% 0.05x 2.09x €4.79 Million
2021 8.02% 91.04% 0.04x 2.06x €-3.95 Million
2022 14.33% 180.22% 0.04x 2.07x €10.22 Million
2023 3.69% 46.62% 0.04x 1.89x €-16.01 Million
2024 0.13% 1.52% 0.05x 1.83x €-25.01 Million
2025 4.89% 56.89% 0.04x 1.91x €-13.42 Million

Industry Comparison

This section compares Soc Centrale Bois Scieries Manche SA's net assets metrics with peer companies in the REIT - Diversified industry.

Industry Context

  • Industry: REIT - Diversified
  • Average net assets among peers: $27,744,785
  • Average return on equity (ROE) among peers: 2.53%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Soc Centrale Bois Scieries Manche SA (CBSM) €262.60 Million 38.41% 0.91x $29.49 Million
Atland S.A. (ATLD) $24.16 Million 6.00% 3.33x $71.09 Million
Immobiliere Dassault SA (IMDA) $32.79 Million 1.48% 0.35x $31.66 Million
OK Business Properties SOCIMI S.A. (MLOKP) $26.28 Million 0.12% 1.60x $108.38K