Exel Industries
EXEL Industries SA engages in the manufacture and sale of agricultural spraying equipment in France, the United Kingdom, the Netherlands, Denmark, Germany, Romania, the United States, Australia, and internationally. The company offers industrial spraying products under the Sames brand; technical hoses under the Tricoflex brand; garden products, such as watering and micro-irrigation, natural garde… Read more
Exel Industries (EXE) - Net Assets
Latest net assets as of March 2025: €460.36 Million EUR
Based on the latest financial reports, Exel Industries (EXE) has net assets worth €460.36 Million EUR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€932.50 Million) and total liabilities (€472.14 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 | €460.36 Million |
| % of Total Assets | 49.37% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | 35.96% |
| 10-Year Change | 66.17% |
| Growth Volatility | 5.08 |
Exel Industries - Net Assets Trend (2006–2024)
This chart illustrates how Exel Industries's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Exel Industries (2006–2024)
The table below shows the annual net assets of Exel Industries from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | €464.36 Million | +4.57% |
| 2023-09-30 | €444.07 Million | +5.82% |
| 2022-09-30 | €419.66 Million | +7.61% |
| 2021-09-30 | €389.97 Million | +14.18% |
| 2020-09-30 | €341.55 Million | -4.83% |
| 2019-09-30 | €358.88 Million | -1.05% |
| 2018-09-30 | €362.70 Million | +8.08% |
| 2017-09-30 | €335.60 Million | +12.21% |
| 2016-09-30 | €299.07 Million | +7.02% |
| 2015-09-30 | €279.44 Million | +11.45% |
| 2014-09-30 | €250.74 Million | +9.31% |
| 2013-09-30 | €229.39 Million | +8.05% |
| 2012-09-30 | €212.31 Million | +13.54% |
| 2011-09-30 | €186.99 Million | +4.40% |
| 2010-09-30 | €179.10 Million | +10.03% |
| 2009-09-30 | €162.77 Million | +3.10% |
| 2008-09-30 | €157.88 Million | +13.51% |
| 2007-09-30 | €139.09 Million | +13.39% |
| 2006-09-30 | €122.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Exel Industries'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 85.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €31.16 Million | 6.73% |
| Common Stock | €16.97 Million | 3.66% |
| Other Comprehensive Income | €412.72 Million | 89.11% |
| Other Components | €2.30 Million | 0.50% |
| Total Equity | €463.14 Million | 100.00% |
Exel Industries Competitors by Market Cap
The table below lists competitors of Exel Industries ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FLEURY MICHON INH.EO 305
F:4XZ
|
$37.98 Million |
|
NRXBF
OTCQB:NRXBF
|
$37.98 Million |
|
Soosan Heavy I
KO:017550
|
$38.00 Million |
|
Hengs Technology Co., Ltd.
TWO:4582
|
$38.01 Million |
|
Power Root Bhd
KLSE:7237
|
$37.96 Million |
|
Cineverse Corp.
NASDAQ:CNVS
|
$37.96 Million |
|
PT Indonesia Kendaraan Terminal Tbk
JK:IPCC
|
$37.96 Million |
|
Laxmi Goldorna House Ltd
NSE:LGHL
|
$37.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Exel Industries's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 442,855,000 to 463,141,000, a change of 20,286,000 (4.6%).
- Net income of 31,157,000 contributed positively to equity growth.
- Dividend payments of 10,661,000 reduced retained earnings.
- New share issuances of 43,000 increased equity.
- Other comprehensive income increased equity by 31,610,000.
- Other factors decreased equity by 31,863,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €31.16 Million | +6.73% |
| Dividends Paid | €10.66 Million | -2.3% |
| Share Issuances | €43.00K | +0.01% |
| Other Comprehensive Income | €31.61 Million | +6.83% |
| Other Changes | €-31.86 Million | -6.88% |
| Total Change | €- | 4.58% |
Book Value vs Market Value Analysis
This analysis compares Exel Industries'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: 0.50x
- 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 1.88x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-09-30 | €18.05 | €34.00 | x |
| 2007-09-30 | €20.47 | €34.00 | x |
| 2008-09-30 | €23.24 | €34.00 | x |
| 2009-09-30 | €23.97 | €34.00 | x |
| 2010-09-30 | €26.37 | €34.00 | x |
| 2011-09-30 | €27.53 | €34.00 | x |
| 2012-09-30 | €30.88 | €34.00 | x |
| 2013-09-30 | €33.75 | €34.00 | x |
| 2014-09-30 | €36.85 | €34.00 | x |
| 2015-09-30 | €41.55 | €34.00 | x |
| 2016-09-30 | €44.08 | €34.00 | x |
| 2017-09-30 | €49.62 | €34.00 | x |
| 2018-09-30 | €53.64 | €34.00 | x |
| 2019-09-30 | €52.88 | €34.00 | x |
| 2020-09-30 | €50.33 | €34.00 | x |
| 2021-09-30 | €57.46 | €34.00 | x |
| 2022-09-30 | €61.87 | €34.00 | x |
| 2023-09-30 | €65.29 | €34.00 | x |
| 2024-09-30 | €68.38 | €34.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Exel Industries 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): 6.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.83%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.92x
- Recent ROE (6.73%) is below the historical average (9.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 13.72% | 6.07% | 1.32x | 1.72x | €4.55 Million |
| 2007 | 14.57% | 6.84% | 1.23x | 1.73x | €6.35 Million |
| 2008 | 16.26% | 5.62% | 1.25x | 2.31x | €9.87 Million |
| 2009 | 6.27% | 2.26% | 1.38x | 2.01x | €-6.06 Million |
| 2010 | 9.78% | 4.55% | 1.19x | 1.81x | €-395.50K |
| 2011 | 7.01% | 3.05% | 1.18x | 1.95x | €-5.59 Million |
| 2012 | 12.30% | 4.97% | 1.22x | 2.02x | €4.89 Million |
| 2013 | 12.33% | 3.82% | 1.23x | 2.63x | €5.33 Million |
| 2014 | 13.57% | 4.39% | 1.13x | 2.73x | €8.94 Million |
| 2015 | 11.31% | 4.36% | 1.13x | 2.30x | €3.67 Million |
| 2016 | 10.55% | 4.17% | 1.08x | 2.33x | €1.65 Million |
| 2017 | 13.50% | 5.18% | 1.24x | 2.09x | €11.75 Million |
| 2018 | 10.81% | 4.67% | 1.18x | 1.95x | €2.95 Million |
| 2019 | 1.14% | 0.53% | 1.09x | 1.98x | €-31.79 Million |
| 2020 | -3.13% | -1.42% | 0.99x | 2.24x | €-44.84 Million |
| 2021 | 11.15% | 4.96% | 1.12x | 2.00x | €4.49 Million |
| 2022 | 6.81% | 2.92% | 1.09x | 2.13x | €-13.39 Million |
| 2023 | 9.60% | 3.88% | 1.24x | 2.00x | €-1.79 Million |
| 2024 | 6.73% | 2.83% | 1.24x | 1.92x | €-15.16 Million |
Industry Comparison
This section compares Exel Industries's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $414,588,000
- Average return on equity (ROE) among peers: 6.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Exel Industries (EXE) | €460.36 Million | 13.72% | 1.03x | $37.97 Million |
| Winfarm (ALWF) | $11.00 Million | 0.97% | 1.71x | $2.74 Million |
| Manitou BF S.A. (MTU) | $975.77 Million | 12.49% | 1.15x | $314.63 Million |
| Haulotte Group SA (PIG) | $256.99 Million | 6.95% | 1.09x | $25.32 Million |