Manitou BF S.A. (MTU) - Net Assets
Based on the latest financial reports, Manitou BF S.A. (MTU) has net assets worth €935.43 Million EUR (≈ $1.09 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.99 Billion ≈ $2.33 Billion USD) and total liabilities (€1.06 Billion ≈ $1.24 Billion USD). 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. Check Manitou BF S.A. (MTU) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €935.43 Million |
| % of Total Assets | 46.93% |
| Annual Growth Rate | 4.77% |
| 5-Year Change | 45.65% |
| 10-Year Change | 97.14% |
| Growth Volatility | 10.03 |
Manitou BF S.A. - Net Assets Trend (2002–2024)
This chart illustrates how Manitou BF S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Manitou BF S.A. for the complete picture of this company's asset base.
Annual Net Assets for Manitou BF S.A. (2002–2024)
The table below shows the annual net assets of Manitou BF S.A. from 2002 to 2024. For live valuation and market cap data, see market cap of Manitou BF S.A..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €975.77 Million ≈ $1.14 Billion |
+9.00% |
| 2023-12-31 | €895.18 Million ≈ $1.05 Billion |
+13.09% |
| 2022-12-31 | €791.58 Million ≈ $925.44 Million |
+5.37% |
| 2021-12-31 | €751.26 Million ≈ $878.31 Million |
+12.14% |
| 2020-12-31 | €669.95 Million ≈ $783.24 Million |
+0.80% |
| 2019-12-31 | €664.65 Million ≈ $777.04 Million |
+11.34% |
| 2018-12-31 | €596.97 Million ≈ $697.93 Million |
+11.98% |
| 2017-12-31 | €533.10 Million ≈ $623.25 Million |
+4.13% |
| 2016-12-31 | €511.96 Million ≈ $598.53 Million |
+3.43% |
| 2015-12-31 | €494.97 Million ≈ $578.67 Million |
+8.46% |
| 2014-12-31 | €456.35 Million ≈ $533.52 Million |
+10.44% |
| 2013-12-31 | €413.22 Million ≈ $483.10 Million |
-5.35% |
| 2012-12-31 | €436.59 Million ≈ $510.42 Million |
+7.20% |
| 2011-12-31 | €407.25 Million ≈ $476.12 Million |
+22.36% |
| 2010-12-31 | €332.84 Million ≈ $389.12 Million |
-0.44% |
| 2009-12-31 | €334.30 Million ≈ $390.84 Million |
-28.73% |
| 2008-12-31 | €469.06 Million ≈ $548.38 Million |
-10.97% |
| 2007-12-31 | €526.86 Million ≈ $615.96 Million |
+4.18% |
| 2006-12-31 | €505.72 Million ≈ $591.24 Million |
+8.90% |
| 2005-12-31 | €464.39 Million ≈ $542.93 Million |
+11.43% |
| 2004-12-31 | €416.75 Million ≈ $487.22 Million |
+10.22% |
| 2003-12-31 | €378.12 Million ≈ $442.06 Million |
+8.09% |
| 2002-12-31 | €349.81 Million ≈ $408.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Manitou BF S.A.'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €39.67 Million | 4.07% |
| Other Comprehensive Income | €913.68 Million | 93.65% |
| Other Components | €22.29 Million | 2.29% |
| Total Equity | €975.64 Million | 100.00% |
Manitou BF S.A. Competitors by Market Cap
The table below lists competitors of Manitou BF S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Admie Holding S.A
AT:ADMIE
|
$696.51 Million |
|
Hg Technologies Co Ltd
SHE:300847
|
$696.51 Million |
|
Shenzhen Xinhao Photoelectricity Technology Co. Ltd
SHE:301051
|
$697.04 Million |
|
CEWE Stiftung & Co. KGaA
XETRA:CWC
|
$697.08 Million |
|
Sinclair Broadcast Group Inc
NASDAQ:SBGI
|
$696.43 Million |
|
Harbin Dongan Auto Engine Co Ltd
SHG:600178
|
$696.25 Million |
|
Assure Tech Hangzhou Co Ltd
SHG:688075
|
$695.87 Million |
|
Svenska Cellulosa Aktiebolaget SCA (publ)
ST:SCA-A
|
$695.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manitou BF S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 894,755,000 to 975,639,000, a change of 80,884,000 (9.0%).
- Net income of 121,877,000 contributed positively to equity growth.
- Dividend payments of 51,779,000 reduced retained earnings.
- New share issuances of 79,000 increased equity.
- Other comprehensive income increased equity by 80,804,000.
- Other factors decreased equity by 70,097,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €121.88 Million | +12.49% |
| Dividends Paid | €51.78 Million | -5.31% |
| Share Issuances | €79.00K | +0.01% |
| Other Comprehensive Income | €80.80 Million | +8.28% |
| Other Changes | €-70.10 Million | -7.18% |
| Total Change | €- | 9.04% |
Book Value vs Market Value Analysis
This analysis compares Manitou BF S.A.'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: 0.80x
- 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 2.32x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €8.77 | €20.35 | x |
| 2003-12-31 | €9.50 | €20.35 | x |
| 2004-12-31 | €10.70 | €20.35 | x |
| 2005-12-31 | €12.11 | €20.35 | x |
| 2006-12-31 | €13.40 | €20.35 | x |
| 2007-12-31 | €14.11 | €20.35 | x |
| 2008-12-31 | €12.41 | €20.35 | x |
| 2009-12-31 | €9.03 | €20.35 | x |
| 2010-12-31 | €8.97 | €20.35 | x |
| 2011-12-31 | €10.51 | €20.35 | x |
| 2012-12-31 | €11.16 | €20.35 | x |
| 2013-12-31 | €12.30 | €20.35 | x |
| 2014-12-31 | €11.56 | €20.35 | x |
| 2015-12-31 | €12.56 | €20.35 | x |
| 2016-12-31 | €13.24 | €20.35 | x |
| 2017-12-31 | €13.91 | €20.35 | x |
| 2018-12-31 | €15.48 | €20.35 | x |
| 2019-12-31 | €17.22 | €20.35 | x |
| 2020-12-31 | €17.33 | €20.35 | x |
| 2021-12-31 | €19.60 | €20.35 | x |
| 2022-12-31 | €20.67 | €20.35 | x |
| 2023-12-31 | €23.40 | €20.35 | x |
| 2024-12-31 | €25.50 | €20.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manitou BF S.A. 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): 12.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.59%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 2.15x
- Recent ROE (12.49%) is above the historical average (7.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 13.88% | 6.79% | 1.21x | 1.68x | €12.85 Million |
| 2003 | 12.95% | 6.81% | 1.09x | 1.75x | €10.57 Million |
| 2004 | 14.65% | 7.23% | 1.14x | 1.77x | €18.80 Million |
| 2005 | 16.12% | 7.49% | 1.26x | 1.71x | €28.01 Million |
| 2006 | 17.62% | 7.79% | 1.28x | 1.76x | €37.98 Million |
| 2007 | 16.45% | 6.83% | 1.35x | 1.78x | €33.74 Million |
| 2008 | 2.23% | 0.81% | 0.97x | 2.83x | €-36.18 Million |
| 2009 | -39.30% | -19.18% | 0.80x | 2.57x | €-164.64 Million |
| 2010 | -5.01% | -1.99% | 1.05x | 2.41x | €-49.93 Million |
| 2011 | 8.94% | 3.22% | 1.27x | 2.18x | €-4.31 Million |
| 2012 | 10.39% | 3.59% | 1.48x | 1.96x | €1.71 Million |
| 2013 | 0.16% | 0.06% | 1.41x | 2.02x | €-40.65 Million |
| 2014 | 6.66% | 2.44% | 1.35x | 2.02x | €-15.25 Million |
| 2015 | 6.53% | 2.51% | 1.34x | 1.94x | €-17.19 Million |
| 2016 | 8.38% | 3.22% | 1.31x | 1.99x | €-8.28 Million |
| 2017 | 11.29% | 3.77% | 1.45x | 2.07x | €6.84 Million |
| 2018 | 14.20% | 4.47% | 1.46x | 2.18x | €24.87 Million |
| 2019 | 14.51% | 4.57% | 1.51x | 2.10x | €29.74 Million |
| 2020 | 5.97% | 2.50% | 1.25x | 1.91x | €-26.73 Million |
| 2021 | 11.56% | 4.63% | 1.25x | 2.01x | €11.73 Million |
| 2022 | 6.92% | 2.32% | 1.34x | 2.23x | €-24.36 Million |
| 2023 | 16.03% | 4.99% | 1.33x | 2.42x | €53.92 Million |
| 2024 | 12.49% | 4.59% | 1.27x | 2.15x | €24.31 Million |
Industry Comparison
This section compares Manitou BF S.A.'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: $162,551,667
- Average return on equity (ROE) among peers: 6.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manitou BF S.A. (MTU) | €935.43 Million | 13.88% | 1.13x | $696.47 Million |
| Winfarm (ALWF) | $11.00 Million | 0.97% | 1.71x | $8.78 Million |
| Exel Industries (EXE) | $212.31 Million | 12.30% | 1.02x | $215.58 Million |
| Haulotte Group SA (PIG) | $264.35 Million | 7.35% | 1.21x | $60.98 Million |
About Manitou BF S.A.
Manitou BF SA, together with its subsidiaries, engages in the development, manufacture, and distribution of equipment and services in France, Southern Europe, Northern Europe, the Americas, Asia, the Pacific, Africa, and the Middle East. The company operates in two segments, Product, and Services and Solutions. It offers material handling, access, and earthmoving equipment, including rough-terrai… Read more