Trigano S.A. (TRI) - Net Assets
Based on the latest financial reports, Trigano S.A. (TRI) has net assets worth €2.08 Billion EUR (≈ $2.43 Billion USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.28 Billion ≈ $3.83 Billion USD) and total liabilities (€1.19 Billion ≈ $1.40 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 TRI tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.08 Billion |
| % of Total Assets | 63.55% |
| Annual Growth Rate | 11.38% |
| 5-Year Change | 76.78% |
| 10-Year Change | 324.77% |
| Growth Volatility | 8.67 |
Trigano S.A. - Net Assets Trend (2004–2025)
This chart illustrates how Trigano S.A.'s net assets have evolved over time, based on quarterly financial data. See Trigano S.A. (TRI) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trigano S.A. (2004–2025)
The table below shows the annual net assets of Trigano S.A. from 2004 to 2025. For live valuation and market cap data, see Trigano S.A. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | €2.08 Billion ≈ $2.43 Billion |
+8.68% |
| 2024-08-31 | €1.92 Billion ≈ $2.24 Billion |
+19.29% |
| 2023-08-31 | €1.61 Billion ≈ $1.88 Billion |
+19.71% |
| 2022-08-31 | €1.34 Billion ≈ $1.57 Billion |
+13.91% |
| 2021-08-31 | €1.18 Billion ≈ $1.38 Billion |
+18.50% |
| 2020-08-31 | €993.54 Million ≈ $1.16 Billion |
+11.21% |
| 2019-08-31 | €893.42 Million ≈ $1.04 Billion |
+16.11% |
| 2018-08-31 | €769.47 Million ≈ $899.59 Million |
+30.03% |
| 2017-08-31 | €591.77 Million ≈ $691.84 Million |
+20.77% |
| 2016-08-31 | €489.99 Million ≈ $572.84 Million |
+16.27% |
| 2015-08-31 | €421.42 Million ≈ $492.68 Million |
+13.63% |
| 2014-08-31 | €370.88 Million ≈ $433.59 Million |
+4.54% |
| 2013-08-31 | €354.76 Million ≈ $414.75 Million |
+8.17% |
| 2012-08-31 | €327.97 Million ≈ $383.43 Million |
+1.04% |
| 2011-08-31 | €324.61 Million ≈ $379.50 Million |
+7.22% |
| 2010-08-31 | €302.76 Million ≈ $353.96 Million |
+5.67% |
| 2009-08-31 | €286.52 Million ≈ $334.97 Million |
-6.95% |
| 2008-08-31 | €307.91 Million ≈ $359.98 Million |
-2.34% |
| 2007-08-31 | €315.28 Million ≈ $368.60 Million |
+6.07% |
| 2006-08-31 | €297.24 Million ≈ $347.51 Million |
+11.87% |
| 2005-08-31 | €265.71 Million ≈ $310.65 Million |
+22.74% |
| 2004-08-31 | €216.49 Million ≈ $253.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trigano 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 (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €82.30 Million | 3.96% |
| Other Components | €2.00 Billion | 96.04% |
| Total Equity | €2.08 Billion | 100.00% |
Trigano S.A. Competitors by Market Cap
The table below lists competitors of Trigano S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nickel Industries Ltd
AU:NIC
|
$3.32 Billion |
|
Tian Di Science & Technology Co Ltd
SHG:600582
|
$3.32 Billion |
|
Merdeka Copper Gold PT
JK:MDKA
|
$3.32 Billion |
|
CSSC Offshore & Marine Engineering Group Co Ltd
SHG:600685
|
$3.32 Billion |
|
CI Financial Corp
TO:CIX
|
$3.32 Billion |
|
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
|
$3.32 Billion |
|
BankUnited Inc
NYSE:BKU
|
$3.31 Billion |
|
Elecnor S.A
MC:ENO
|
$3.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trigano S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,914,400,000 to 2,080,500,000, a change of 166,100,000 (8.7%).
- Net income of 239,300,000 contributed positively to equity growth.
- Dividend payments of 67,500,000 reduced retained earnings.
- Share repurchases of 1,900,000 reduced equity.
- Other comprehensive income decreased equity by 1,453,500,000.
- Other factors increased equity by 1,449,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €239.30 Million | +11.5% |
| Dividends Paid | €67.50 Million | -3.24% |
| Share Repurchases | €1.90 Million | -0.09% |
| Other Comprehensive Income | €-1.45 Billion | -69.86% |
| Other Changes | €1.45 Billion | +69.68% |
| Total Change | €- | 8.68% |
Book Value vs Market Value Analysis
This analysis compares Trigano 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: 1.59x
- 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 15.56x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-08-31 | €10.10 | €157.20 | x |
| 2005-08-31 | €12.51 | €157.20 | x |
| 2006-08-31 | €13.91 | €157.20 | x |
| 2007-08-31 | €14.82 | €157.20 | x |
| 2008-08-31 | €14.64 | €157.20 | x |
| 2009-08-31 | €13.64 | €157.20 | x |
| 2010-08-31 | €14.43 | €157.20 | x |
| 2011-08-31 | €15.60 | €157.20 | x |
| 2012-08-31 | €16.19 | €157.20 | x |
| 2013-08-31 | €17.60 | €157.20 | x |
| 2014-08-31 | €19.21 | €157.20 | x |
| 2015-08-31 | €21.98 | €157.20 | x |
| 2016-08-31 | €25.57 | €157.20 | x |
| 2017-08-31 | €30.88 | €157.20 | x |
| 2018-08-31 | €39.81 | €157.20 | x |
| 2019-08-31 | €46.28 | €157.20 | x |
| 2020-08-31 | €51.48 | €157.20 | x |
| 2021-08-31 | €61.01 | €157.20 | x |
| 2022-08-31 | €70.21 | €157.20 | x |
| 2023-08-31 | €83.07 | €157.20 | x |
| 2024-08-31 | €99.15 | €157.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trigano 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): 11.50%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.54%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 1.57x
- Recent ROE (11.50%) is below the historical average (13.45%), 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 | 19.85% | 6.08% | 1.57x | 2.08x | €21.17 Million |
| 2005 | 18.07% | 6.08% | 1.37x | 2.17x | €21.34 Million |
| 2006 | 14.16% | 4.80% | 1.43x | 2.06x | €12.30 Million |
| 2007 | 9.95% | 3.35% | 1.32x | 2.26x | €-165.50K |
| 2008 | 5.22% | 1.83% | 1.17x | 2.44x | €-14.70 Million |
| 2009 | -5.57% | -2.51% | 1.12x | 1.98x | €-44.60 Million |
| 2010 | 5.02% | 2.18% | 1.28x | 1.80x | €-15.06 Million |
| 2011 | 8.76% | 3.79% | 1.38x | 1.68x | €-4.01 Million |
| 2012 | 4.44% | 1.97% | 1.31x | 1.73x | €-18.21 Million |
| 2013 | 9.19% | 3.98% | 1.23x | 1.88x | €-2.86 Million |
| 2014 | 5.69% | 2.36% | 1.40x | 1.72x | €-15.98 Million |
| 2015 | 14.14% | 5.54% | 1.49x | 1.71x | €17.45 Million |
| 2016 | 18.34% | 6.82% | 1.56x | 1.72x | €40.82 Million |
| 2017 | 21.50% | 7.45% | 1.60x | 1.80x | €68.03 Million |
| 2018 | 24.38% | 8.10% | 1.46x | 2.06x | €110.56 Million |
| 2019 | 18.75% | 7.19% | 1.44x | 1.81x | €78.05 Million |
| 2020 | 14.05% | 6.39% | 1.26x | 1.75x | €40.19 Million |
| 2021 | 18.93% | 7.59% | 1.34x | 1.87x | €105.06 Million |
| 2022 | 20.77% | 8.76% | 1.36x | 1.74x | €144.33 Million |
| 2023 | 19.20% | 8.85% | 1.38x | 1.58x | €147.62 Million |
| 2024 | 19.56% | 9.54% | 1.36x | 1.51x | €182.96 Million |
| 2025 | 11.50% | 6.54% | 1.12x | 1.57x | €31.25 Million |
Industry Comparison
This section compares Trigano S.A.'s net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $205,510,583
- Average return on equity (ROE) among peers: 16.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trigano S.A. (TRI) | €2.08 Billion | 19.85% | 0.57x | $3.32 Billion |
| Fountaine Pajo (ALFPC) | $54.44 Million | 13.08% | 2.28x | $155.02 Million |
| Bénéteau S.A. (BEN) | $509.13 Million | 9.23% | 0.57x | $615.54 Million |
| SA Catana Group (CATG) | $52.97 Million | 26.68% | 1.15x | $103.36 Million |
About Trigano S.A.
Trigano S.A., together with its subsidiaries, designs, manufactures, and distributes leisure vehicles for individuals and professionals in France, Germany, the United Kingdom, Benelux, Italy, Spain, Northern Europe, and internationally. It operates through Leisure Vehicles and Leisure Equipment segments. The company offers tents, caravans, motorhomes, mobile homes, trailers, outdoor living equipm… Read more