Concentric AB (publ)
Concentric AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes hydraulic and engine solutions in Sweden and internationally. The company operates through two segments, Engines and Hydraulics. It provides engine products, including lubricant, coolant, and fuel transfer pumps for diesel engines to OEMs and diesel engine manufacturers. The company's engine pro… Read more
Concentric AB (publ) (CCNTF) - Net Assets
Latest net assets as of June 2024: $2.20 Billion USD
Based on the latest financial reports, Concentric AB (publ) (CCNTF) has net assets worth $2.20 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.19 Billion) and total liabilities ($2.00 Billion). 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 | $2.20 Billion |
| % of Total Assets | 52.43% |
| Annual Growth Rate | 10.79% |
| 5-Year Change | 1697.22% |
| 10-Year Change | 1555.3% |
| Growth Volatility | 276.73 |
Concentric AB (publ) - Net Assets Trend (2013–2023)
This chart illustrates how Concentric AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Concentric AB (publ) (2013–2023)
The table below shows the annual net assets of Concentric AB (publ) from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.18 Billion | +5.36% |
| 2022-12-31 | $2.07 Billion | +41.59% |
| 2021-12-31 | $1.46 Billion | +37.02% |
| 2020-12-31 | $1.07 Billion | +779.25% |
| 2019-12-31 | $121.35 Million | -88.17% |
| 2018-12-31 | $1.03 Billion | +17.26% |
| 2017-12-31 | $875.00 Million | +2.10% |
| 2016-12-31 | $857.00 Million | +0.59% |
| 2015-12-31 | $852.00 Million | +546.64% |
| 2014-12-31 | $131.76 Million | -83.17% |
| 2013-12-31 | $783.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Concentric AB (publ)'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 1175.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.10 Billion | 50.30% |
| Common Stock | $97.00 Million | 4.45% |
| Other Comprehensive Income | $404.00 Million | 18.52% |
| Other Components | $583.00 Million | 26.73% |
| Total Equity | $2.18 Billion | 100.00% |
Concentric AB (publ) Competitors by Market Cap
The table below lists competitors of Concentric AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Chuanhuan Technology Co Ltd
SHE:300547
|
$686.47 Million |
|
NextNav Inc. Warrant
NASDAQ:NNAVW
|
$686.53 Million |
|
GREENTOWN SVC.G.HD-00001
F:GR1
|
$686.73 Million |
|
Hunan Changgao High Voltage Switchgear Group Co Ltd
SHE:002452
|
$686.89 Million |
|
COMSTOCK HLDG-A
F:CHO
|
$686.35 Million |
|
Mitsui E&S Holdings Co. Ltd
PINK:MIESF
|
$686.32 Million |
|
Pan Asian Microvent Tech (Jiangsu) Corp. A
SHG:688386
|
$685.84 Million |
|
Deepak Fertilizers and Petrochemicals Corporation Limited
NSE:DEEPAKFERT
|
$685.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Concentric AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,070,000,000 to 2,181,000,000, a change of 111,000,000 (5.4%).
- Net income of 417,000,000 contributed positively to equity growth.
- Dividend payments of 152,000,000 reduced retained earnings.
- Share repurchases of 100,000,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income decreased equity by 57,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $417.00 Million | +19.12% |
| Dividends Paid | $152.00 Million | -6.97% |
| Share Repurchases | $100.00 Million | -4.59% |
| Share Issuances | $1.00 Million | +0.05% |
| Other Comprehensive Income | $-57.00 Million | -2.61% |
| Other Changes | $2.00 Million | +0.09% |
| Total Change | $- | 5.36% |
Book Value vs Market Value Analysis
This analysis compares Concentric AB (publ)'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: 0.32x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $18.50 | x |
| 2016-12-31 | $0.00 | $18.50 | x |
| 2017-12-31 | $22.13 | $18.50 | x |
| 2018-12-31 | $26.56 | $18.50 | x |
| 2019-12-31 | $3.12 | $18.50 | x |
| 2020-12-31 | $28.18 | $18.50 | x |
| 2021-12-31 | $38.45 | $18.50 | x |
| 2022-12-31 | $54.43 | $18.50 | x |
| 2023-12-31 | $57.56 | $18.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Concentric AB (publ) 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): 19.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.92%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.97x
- Recent ROE (19.12%) is below the historical average (27.34%), 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 | 22.48% | 9.47% | 0.99x | 2.39x | $97.70 Million |
| 2014 | 29.72% | 11.60% | 1.01x | 2.55x | $25.98 Million |
| 2015 | 31.81% | 11.75% | 1.15x | 2.35x | $185.80 Million |
| 2016 | 28.70% | 12.28% | 0.98x | 2.38x | $160.30 Million |
| 2017 | 34.63% | 14.40% | 1.07x | 2.25x | $215.50 Million |
| 2018 | 39.47% | 16.80% | 1.08x | 2.18x | $302.40 Million |
| 2019 | 28.26% | 15.95% | 0.95x | 1.87x | $22.16 Million |
| 2020 | 19.21% | 13.65% | 0.73x | 1.92x | $98.30 Million |
| 2021 | 23.12% | 15.98% | 0.56x | 2.59x | $191.80 Million |
| 2022 | 24.20% | 12.35% | 0.90x | 2.17x | $294.00 Million |
| 2023 | 19.12% | 9.92% | 0.98x | 1.97x | $198.90 Million |
Industry Comparison
This section compares Concentric AB (publ)'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Concentric AB (publ) (CCNTF) | $2.20 Billion | 22.48% | 0.91x | $686.47 Million |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |