Tikehau Capital (TKO) - Net Assets
Based on the latest financial reports, Tikehau Capital (TKO) has net assets worth €3.15 Billion EUR (≈ $3.69 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.39 Billion ≈ $6.30 Billion USD) and total liabilities (€2.23 Billion ≈ $2.61 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 TKO asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.15 Billion |
| % of Total Assets | 58.53% |
| Annual Growth Rate | 24.64% |
| 5-Year Change | 3.47% |
| 10-Year Change | 178.54% |
| Growth Volatility | 59.99 |
Tikehau Capital - Net Assets Trend (2012–2025)
This chart illustrates how Tikehau Capital's net assets have evolved over time, based on quarterly financial data. Also explore Tikehau Capital (TKO) total assets for the complete picture of this company's asset base.
Annual Net Assets for Tikehau Capital (2012–2025)
The table below shows the annual net assets of Tikehau Capital from 2012 to 2025. For live valuation and market cap data, see TKO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.15 Billion ≈ $3.69 Billion |
-2.92% |
| 2024-12-31 | €3.25 Billion ≈ $3.80 Billion |
+1.86% |
| 2023-12-31 | €3.19 Billion ≈ $3.73 Billion |
+1.22% |
| 2022-12-31 | €3.15 Billion ≈ $3.68 Billion |
+3.37% |
| 2021-12-31 | €3.05 Billion ≈ $3.56 Billion |
+8.92% |
| 2020-12-31 | €2.80 Billion ≈ $3.27 Billion |
-11.03% |
| 2019-12-31 | €3.15 Billion ≈ $3.68 Billion |
+38.26% |
| 2018-12-31 | €2.28 Billion ≈ $2.66 Billion |
-10.06% |
| 2017-12-31 | €2.53 Billion ≈ $2.96 Billion |
+123.40% |
| 2016-12-31 | €1.13 Billion ≈ $1.32 Billion |
+201.09% |
| 2015-12-31 | €376.08 Million ≈ $439.68 Million |
-0.71% |
| 2014-12-31 | €378.78 Million ≈ $442.84 Million |
+32.09% |
| 2013-12-31 | €286.77 Million ≈ $335.26 Million |
+59.28% |
| 2012-12-31 | €180.04 Million ≈ $210.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tikehau Capital'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 34418500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €2.10 Billion | 66.81% |
| Other Comprehensive Income | €-2.40 Million | -0.08% |
| Other Components | €1.39 Billion | 44.20% |
| Total Equity | €3.15 Billion | 100.00% |
Tikehau Capital Competitors by Market Cap
The table below lists competitors of Tikehau Capital ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Virbac SA
PA:VIRP
|
$3.01 Billion |
|
AIR CHINA LTD H ADR/20
F:AD2B
|
$3.01 Billion |
|
Chengdu Xingrong Investment Co Ltd
SHE:000598
|
$3.01 Billion |
|
Standex International Corporation
NYSE:SXI
|
$3.01 Billion |
|
Twist Bioscience Corp
NASDAQ:TWST
|
$3.01 Billion |
|
Upstart Holdings Inc
NASDAQ:UPST
|
$3.01 Billion |
|
OPENLANE, Inc.
NYSE:OPLN
|
$3.01 Billion |
|
CSSC Steel Structure Engineering Co Ltd
SHG:600072
|
$3.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tikehau Capital's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,245,000,000 to 3,147,565,000, a change of -97,435,000 (-3.0%).
- Net income of 136,400,000 contributed positively to equity growth.
- Dividend payments of 139,353,000 reduced retained earnings.
- Other comprehensive income increased equity by 415,501,000.
- Other factors decreased equity by 509,983,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €136.40 Million | +4.33% |
| Dividends Paid | €139.35 Million | -4.43% |
| Other Comprehensive Income | €415.50 Million | +13.2% |
| Other Changes | €-509.98 Million | -16.2% |
| Total Change | €- | -3.00% |
Book Value vs Market Value Analysis
This analysis compares Tikehau Capital'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: 0.98x
- 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 4.48x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €3.94 | €17.64 | x |
| 2014-12-31 | €5.21 | €17.64 | x |
| 2015-12-31 | €16.90 | €17.64 | x |
| 2016-12-31 | €35.95 | €17.64 | x |
| 2017-12-31 | €28.69 | €17.64 | x |
| 2018-12-31 | €22.05 | €17.64 | x |
| 2019-12-31 | €25.50 | €17.64 | x |
| 2020-12-31 | €15.89 | €17.64 | x |
| 2021-12-31 | €19.30 | €17.64 | x |
| 2022-12-31 | €17.45 | €17.64 | x |
| 2023-12-31 | €17.63 | €17.64 | x |
| 2024-12-31 | €17.99 | €17.64 | x |
| 2025-12-31 | €17.96 | €17.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tikehau Capital 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): 4.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.02%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.71x
- Recent ROE (4.33%) is below the historical average (5.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.53% | 69.35% | 0.20x | 1.32x | €24.45 Million |
| 2014 | -1.61% | -53.56% | 0.02x | 1.32x | €-43.98 Million |
| 2015 | 2.55% | 48.02% | 0.03x | 1.65x | €-28.02 Million |
| 2016 | 6.41% | 514.30% | 0.01x | 1.14x | €-40.53 Million |
| 2017 | 12.58% | 70.61% | 0.14x | 1.25x | €64.44 Million |
| 2018 | -4.72% | -303.54% | 0.01x | 1.38x | €-334.79 Million |
| 2019 | 5.69% | 67.73% | 0.06x | 1.38x | €-135.20 Million |
| 2020 | -7.38% | -1245.06% | 0.00x | 1.44x | €-485.31 Million |
| 2021 | 10.48% | 70.09% | 0.10x | 1.52x | €14.56 Million |
| 2022 | 10.18% | 53.15% | 0.12x | 1.56x | €5.76 Million |
| 2023 | 5.55% | 28.48% | 0.13x | 1.54x | €-141.76 Million |
| 2024 | 4.80% | 27.93% | 0.11x | 1.60x | €-168.70 Million |
| 2025 | 4.33% | 22.02% | 0.11x | 1.71x | €-178.36 Million |
Industry Comparison
This section compares Tikehau Capital's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,256,031,976
- Average return on equity (ROE) among peers: 16.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tikehau Capital (TKO) | €3.15 Billion | 18.53% | 0.71x | $3.01 Billion |
| ABC arbitrage SA (ABCA) | $125.86 Million | 23.05% | 4.24x | $335.81 Million |
| Audacia SAS (ALAUD) | $7.87 Million | 13.73% | 3.22x | $27.75 Million |
| Crypto Blockchain Industries SA (ALCBI) | $14.09 Million | -3.37% | 1.00x | $34.48 Million |
| Hamilton Global Opportunities PLC (ALHGO) | $23.28 Million | 2.60% | 0.17x | $27.02 Million |
| Amundi SA (AMUN) | $8.20 Billion | 8.31% | 1.29x | $15.54 Billion |
| Antin IP SA (ANTIN) | $23.79 Million | 108.98% | 1.09x | $1.75 Billion |
| Compagnie du Cambodge (CBDG) | $3.57 Billion | 9.90% | 1.11x | $5.86 Billion |
| Electricite et Eaux de Madagascar SA (EEM) | $70.32 Million | -6.64% | 0.40x | $8.77 Million |
| Transition Evergreen (EGR) | $130.79 Million | -5.88% | 0.26x | $3.12 Million |
| IDI S.C.A. (IDIP) | $389.76 Million | 17.94% | 0.21x | $523.70 Million |
About Tikehau Capital
Tikehau Capital is an alternative asset management group with 46.1 billion euro of assets under management (as of 30 June 2024). Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets, private equity, and capital markets strategies), as well as multi-asset and special opportunities strategies. Tikehau Capital provides financing solutions to co… Read more