Electricite et Eaux de Madagascar SA
Electricité et Eaux de Madagascar Société Anonyme engages in the real estate business. It invests in and rents real estate properties. The company was formerly known as Viktoria Invest SA and changed its name to Electricité et Eaux de Madagascar Société Anonyme in January 2019. Electricité et Eaux de Madagascar Société Anonyme was incorporated in 1928 and is headquartered in Paris, France.
Electricite et Eaux de Madagascar SA (EEM) - Net Assets
Latest net assets as of June 2025: €12.84 Million EUR
Based on the latest financial reports, Electricite et Eaux de Madagascar SA (EEM) has net assets worth €12.84 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 (€19.63 Million) and total liabilities (€6.79 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 | €12.84 Million |
| % of Total Assets | 65.42% |
| Annual Growth Rate | -9.32% |
| 5-Year Change | -25.61% |
| 10-Year Change | -15.0% |
| Growth Volatility | 26.41 |
Electricite et Eaux de Madagascar SA - Net Assets Trend (2004–2024)
This chart illustrates how Electricite et Eaux de Madagascar 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 Electricite et Eaux de Madagascar SA (2004–2024)
The table below shows the annual net assets of Electricite et Eaux de Madagascar SA from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €11.06 Million | -41.03% |
| 2023-12-31 | €18.76 Million | +60.93% |
| 2022-12-31 | €11.66 Million | -3.99% |
| 2021-12-31 | €12.14 Million | -18.36% |
| 2020-12-31 | €14.87 Million | -10.71% |
| 2019-12-31 | €16.66 Million | -8.93% |
| 2018-12-31 | €18.29 Million | +8.04% |
| 2017-12-31 | €16.93 Million | +29.76% |
| 2016-12-31 | €13.05 Million | +0.23% |
| 2015-12-31 | €13.02 Million | +6.99% |
| 2014-12-31 | €12.17 Million | +3.70% |
| 2013-12-31 | €11.73 Million | -35.61% |
| 2012-12-31 | €18.22 Million | -75.35% |
| 2011-12-31 | €73.93 Million | +10.42% |
| 2010-12-31 | €66.95 Million | -1.66% |
| 2009-12-31 | €68.08 Million | +8.07% |
| 2008-12-31 | €63.00 Million | -8.08% |
| 2007-12-31 | €68.54 Million | -2.53% |
| 2006-12-31 | €70.32 Million | +3.43% |
| 2005-12-31 | €67.99 Million | -13.24% |
| 2004-12-31 | €78.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Electricite et Eaux de Madagascar 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 24400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €14.35 Million | 132.00% |
| Other Comprehensive Income | €-1.40 Million | -12.91% |
| Other Components | €5.11 Million | 46.99% |
| Total Equity | €10.87 Million | 100.00% |
Electricite et Eaux de Madagascar SA Competitors by Market Cap
The table below lists competitors of Electricite et Eaux de Madagascar SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hands Corporation Ltd
KO:143210
|
$4.90 Million |
|
AURELIUS Equity Opportunities SE & Co. KGaA
MU:AR4
|
$4.90 Million |
|
Soder Sportfiske AB
ST:SODER
|
$4.90 Million |
|
Pixon Technologies Corporation
TWO:5248
|
$4.90 Million |
|
BIO PLANET S.A. ZY 1
F:8WS
|
$4.90 Million |
|
LIVEONE INC. DL-001
F:3510
|
$4.90 Million |
|
RGT Bhd
KLSE:9954
|
$4.90 Million |
|
Itama Ranoraya
JK:IRRA
|
$4.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Electricite et Eaux de Madagascar SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,108,000 to 10,868,000, a change of -7,240,000 (-40.0%).
- Net loss of 7,226,000 reduced equity.
- Other comprehensive income increased equity by 2,858,000.
- Other factors decreased equity by 2,872,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-7.23 Million | -66.49% |
| Other Comprehensive Income | €2.86 Million | +26.3% |
| Other Changes | €-2.87 Million | -26.43% |
| Total Change | €- | -39.98% |
Book Value vs Market Value Analysis
This analysis compares Electricite et Eaux de Madagascar 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: 1.27x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.14x to 1.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €17.52 | €2.40 | x |
| 2005-12-31 | €16.91 | €2.40 | x |
| 2006-12-31 | €18.25 | €2.40 | x |
| 2007-12-31 | €18.31 | €2.40 | x |
| 2008-12-31 | €16.72 | €2.40 | x |
| 2009-12-31 | €19.22 | €2.40 | x |
| 2010-12-31 | €18.53 | €2.40 | x |
| 2011-12-31 | €20.65 | €2.40 | x |
| 2012-12-31 | €5.12 | €2.40 | x |
| 2013-12-31 | €3.41 | €2.40 | x |
| 2014-12-31 | €3.82 | €2.40 | x |
| 2015-12-31 | €4.05 | €2.40 | x |
| 2016-12-31 | €3.99 | €2.40 | x |
| 2017-12-31 | €4.22 | €2.40 | x |
| 2018-12-31 | €3.43 | €2.40 | x |
| 2019-12-31 | €2.80 | €2.40 | x |
| 2020-12-31 | €2.53 | €2.40 | x |
| 2021-12-31 | €1.99 | €2.40 | x |
| 2022-12-31 | €1.97 | €2.40 | x |
| 2023-12-31 | €3.18 | €2.40 | x |
| 2024-12-31 | €1.89 | €2.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Electricite et Eaux de Madagascar 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): -66.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2571.53%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.11x
- Recent ROE (-66.49%) is below the historical average (-20.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -9.54% | -33.50% | 0.19x | 1.53x | €-15.21 Million |
| 2005 | -8.99% | -23.29% | 0.25x | 1.53x | €-12.86 Million |
| 2006 | -6.66% | -30.31% | 0.16x | 1.40x | €-11.67 Million |
| 2007 | 1.76% | 6.51% | 0.18x | 1.49x | €-5.58 Million |
| 2008 | -6.69% | -22.38% | 0.19x | 1.54x | €-10.33 Million |
| 2009 | -0.91% | -94.94% | 0.01x | 1.37x | €-7.24 Million |
| 2010 | -0.31% | -42.89% | 0.01x | 1.42x | €-6.72 Million |
| 2011 | 13.90% | 324.22% | 0.03x | 1.29x | €2.88 Million |
| 2012 | -244.01% | -938.12% | 0.13x | 2.03x | €-46.32 Million |
| 2013 | -58.39% | -129.35% | 0.18x | 2.48x | €-8.01 Million |
| 2014 | 2.99% | 6.26% | 0.19x | 2.47x | €-847.20K |
| 2015 | 2.88% | 3.22% | 0.43x | 2.06x | €-913.60K |
| 2016 | -7.71% | -190.00% | 0.02x | 2.00x | €-2.27 Million |
| 2017 | -23.38% | -444.53% | 0.04x | 1.50x | €-5.63 Million |
| 2018 | -7.86% | -838.18% | 0.01x | 1.47x | €-3.14 Million |
| 2019 | -11.31% | -1179.08% | 0.01x | 1.50x | €-3.40 Million |
| 2020 | -16.50% | -2735.63% | 0.00x | 1.60x | €-3.82 Million |
| 2021 | -15.15% | -2535.71% | 0.00x | 1.71x | €-2.95 Million |
| 2022 | -20.67% | -1523.68% | 0.01x | 1.66x | €-3.44 Million |
| 2023 | 44.92% | 1473.55% | 0.02x | 1.78x | €6.32 Million |
| 2024 | -66.49% | -2571.53% | 0.01x | 2.11x | €-8.31 Million |
Industry Comparison
This section compares Electricite et Eaux de Madagascar SA's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,039,955,990
- Average return on equity (ROE) among peers: 9.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Electricite et Eaux de Madagascar SA (EEM) | €12.84 Million | -9.54% | 0.53x | $4.90 Million |
| ABC arbitrage SA (ABCA) | $83.85 Million | 48.46% | 4.09x | $207.45 Million |
| Audacia SAS (ALAUD) | $13.03 Million | 2.02% | 0.90x | $12.12 Million |
| Compagnie Lebon S.A. (ALBON) | $211.88 Million | 5.65% | 0.58x | $36.50 Million |
| Crypto Blockchain Industries SA (ALCBI) | $666.90K | 22.78% | 0.47x | $6.61 Million |
| Hamilton Global Opportunities PLC (ALHGO) | $13.55 Million | -5.77% | 0.03x | $14.14 Million |
| Antin IP SA (ANTIN) | $499.71 Million | 26.43% | 0.30x | $575.99 Million |
| Compagnie du Cambodge (CBDG) | $7.38 Billion | 0.62% | 0.02x | $65.84 Million |
| Transition Evergreen (EGR) | $2.04 Million | -16.80% | 1.82x | $121.15K |
| Financiere Moncey S.A. (FMONC) | $1.15 Billion | 0.50% | 0.01x | $95.66 Million |