Thermador Groupe SA
Thermador Groupe SA, together with its subsidiaries, engages in the distribution business in France and internationally. The company offers central heating and domestic hot water accessories, pumps for heating, plumbing equipment, taps, valves for building, ventilation equipment and accessories, industrial valves and fittings, cold water pumps, swimming pool equipment and accessories, air compres… Read more
Thermador Groupe SA (THEP) - Net Assets
Latest net assets as of June 2025: €383.76 Million EUR
Based on the latest financial reports, Thermador Groupe SA (THEP) has net assets worth €383.76 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 (€548.98 Million) and total liabilities (€165.22 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 | €383.76 Million |
| % of Total Assets | 69.9% |
| Annual Growth Rate | 9.52% |
| 5-Year Change | 58.28% |
| 10-Year Change | 135.42% |
| Growth Volatility | 2.86 |
Thermador Groupe SA - Net Assets Trend (2004–2024)
This chart illustrates how Thermador Groupe 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 Thermador Groupe SA (2004–2024)
The table below shows the annual net assets of Thermador Groupe SA from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €382.39 Million | +6.58% |
| 2023-12-31 | €358.77 Million | +12.53% |
| 2022-12-31 | €318.83 Million | +14.42% |
| 2021-12-31 | €278.64 Million | +15.34% |
| 2020-12-31 | €241.58 Million | +9.98% |
| 2019-12-31 | €219.66 Million | +7.96% |
| 2018-12-31 | €203.47 Million | +7.25% |
| 2017-12-31 | €189.71 Million | +9.51% |
| 2016-12-31 | €173.23 Million | +6.65% |
| 2015-12-31 | €162.43 Million | +10.90% |
| 2014-12-31 | €146.46 Million | +8.07% |
| 2013-12-31 | €135.53 Million | +5.10% |
| 2012-12-31 | €128.95 Million | +6.81% |
| 2011-12-31 | €120.72 Million | +8.48% |
| 2010-12-31 | €111.28 Million | +7.24% |
| 2009-12-31 | €103.77 Million | +7.94% |
| 2008-12-31 | €96.13 Million | +12.66% |
| 2007-12-31 | €85.33 Million | +13.67% |
| 2006-12-31 | €75.06 Million | +11.50% |
| 2005-12-31 | €67.32 Million | +8.55% |
| 2004-12-31 | €62.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thermador Groupe 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 decreased by 98.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €573.00K | 0.15% |
| Common Stock | €36.80 Million | 9.62% |
| Other Comprehensive Income | €92.05 Million | 24.07% |
| Other Components | €252.96 Million | 66.15% |
| Total Equity | €382.39 Million | 100.00% |
Thermador Groupe SA Competitors by Market Cap
The table below lists competitors of Thermador Groupe SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Simply Better Brands Corp.
OTCQB:SBBCF
|
$60.46 Million |
|
Grazziotin S.A
SA:CGRA3
|
$60.47 Million |
|
Yesco Holdings Co. Ltd
KO:015360
|
$60.49 Million |
|
Daejoo Inc
KQ:003310
|
$60.49 Million |
|
TK Chemical Corporation
KQ:104480
|
$60.43 Million |
|
Talisker Resources Ltd
OTCQX:TSKFF
|
$60.43 Million |
|
PYRUM INNOV.AG NA O.N.
F:PYR
|
$60.41 Million |
|
HK TELEVISION NET
MU:XHN1
|
$60.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thermador Groupe SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 358,769,000 to 382,388,000, a change of 23,619,000 (6.6%).
- Net income of 44,743,000 contributed positively to equity growth.
- Dividend payments of 19,137,000 reduced retained earnings.
- Share repurchases of 2,334,000 reduced equity.
- Other comprehensive income increased equity by 13,708,999.
- Other factors decreased equity by 13,361,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €44.74 Million | +11.7% |
| Dividends Paid | €19.14 Million | -5.0% |
| Share Repurchases | €2.33 Million | -0.61% |
| Other Comprehensive Income | €13.71 Million | +3.59% |
| Other Changes | €-13.36 Million | -3.49% |
| Total Change | €- | 6.58% |
Book Value vs Market Value Analysis
This analysis compares Thermador Groupe 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: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.04x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €8.90 | €71.50 | x |
| 2005-12-31 | €9.66 | €71.50 | x |
| 2006-12-31 | €10.25 | €71.50 | x |
| 2007-12-31 | €11.65 | €71.50 | x |
| 2008-12-31 | €13.14 | €71.50 | x |
| 2009-12-31 | €14.18 | €71.50 | x |
| 2010-12-31 | €14.04 | €71.50 | x |
| 2011-12-31 | €14.14 | €71.50 | x |
| 2012-12-31 | €15.10 | €71.50 | x |
| 2013-12-31 | €15.86 | €71.50 | x |
| 2014-12-31 | €11.79 | €71.50 | x |
| 2015-12-31 | €12.86 | €71.50 | x |
| 2016-12-31 | €13.56 | €71.50 | x |
| 2017-12-31 | €14.74 | €71.50 | x |
| 2018-12-31 | €21.14 | €71.50 | x |
| 2019-12-31 | €22.84 | €71.50 | x |
| 2020-12-31 | €24.89 | €71.50 | x |
| 2021-12-31 | €28.71 | €71.50 | x |
| 2022-12-31 | €32.88 | €71.50 | x |
| 2023-12-31 | €36.98 | €71.50 | x |
| 2024-12-31 | €39.54 | €71.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thermador Groupe 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): 11.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.88%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.37x
- Recent ROE (11.70%) is below the historical average (16.29%), 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 | 17.69% | 9.31% | 1.29x | 1.47x | €4.76 Million |
| 2005 | 18.74% | 10.12% | 1.24x | 1.49x | €5.88 Million |
| 2006 | 21.46% | 11.16% | 1.27x | 1.52x | €8.59 Million |
| 2007 | 23.06% | 11.99% | 1.34x | 1.43x | €11.13 Million |
| 2008 | 20.99% | 11.02% | 1.23x | 1.55x | €10.55 Million |
| 2009 | 15.28% | 9.16% | 1.23x | 1.36x | €5.47 Million |
| 2010 | 15.29% | 9.59% | 1.17x | 1.36x | €5.88 Million |
| 2011 | 17.06% | 10.61% | 1.18x | 1.36x | €8.52 Million |
| 2012 | 16.47% | 10.08% | 1.23x | 1.33x | €8.34 Million |
| 2013 | 14.76% | 9.71% | 1.14x | 1.34x | €6.44 Million |
| 2014 | 13.57% | 9.66% | 1.09x | 1.28x | €5.22 Million |
| 2015 | 12.44% | 9.17% | 1.04x | 1.31x | €3.96 Million |
| 2016 | 11.91% | 8.91% | 1.03x | 1.29x | €3.31 Million |
| 2017 | 13.84% | 9.80% | 0.91x | 1.56x | €7.29 Million |
| 2018 | 14.33% | 9.36% | 0.95x | 1.61x | €8.81 Million |
| 2019 | 14.75% | 8.78% | 1.03x | 1.62x | €10.42 Million |
| 2020 | 14.99% | 9.15% | 1.04x | 1.57x | €12.04 Million |
| 2021 | 19.00% | 10.87% | 1.11x | 1.57x | €25.05 Million |
| 2022 | 18.47% | 10.63% | 1.09x | 1.59x | €27.02 Million |
| 2023 | 16.25% | 10.04% | 1.11x | 1.45x | €22.42 Million |
| 2024 | 11.70% | 8.88% | 0.97x | 1.37x | €6.50 Million |
Industry Comparison
This section compares Thermador Groupe SA's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $481,379,000
- Average return on equity (ROE) among peers: 8.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thermador Groupe SA (THEP) | €383.76 Million | 17.69% | 0.43x | $60.45 Million |
| Samse SA (SAMS) | $481.38 Million | 8.54% | 1.12x | $46.41 Million |