ECMPF
Eurocommercial Properties N.V. is a Euronext-quoted property investment company and one of Europe's shopping centre specialists. Founded in 1991, Eurocommercial currently owns and operates 24 shopping centres in Belgium, France, Italy, and Sweden with total assets of "4 billion.
ECMPF (ECMPF) - Net Assets
Latest net assets as of June 2025: $2.07 Billion USD
Based on the latest financial reports, ECMPF (ECMPF) has net assets worth $2.07 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 ($4.04 Billion) and total liabilities ($1.97 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 | $2.07 Billion |
| % of Total Assets | 51.27% |
| Annual Growth Rate | 1.51% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.27 |
ECMPF - Net Assets Trend (2018–2024)
This chart illustrates how ECMPF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ECMPF (2018–2024)
The table below shows the annual net assets of ECMPF from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.09 Billion | +3.91% |
| 2023-12-31 | $2.01 Billion | -4.93% |
| 2022-12-31 | $2.11 Billion | +4.55% |
| 2021-12-31 | $2.02 Billion | +5.91% |
| 2018-12-31 | $1.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ECMPF'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 137.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $176.82 Million | 8.48% |
| Other Components | $1.91 Billion | 91.52% |
| Total Equity | $2.09 Billion | 100.00% |
ECMPF Competitors by Market Cap
The table below lists competitors of ECMPF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MIPS AB (publ)
OTCGREY:MPZAF
|
$1.11 Billion |
|
Couchbase Inc
NASDAQ:BASE
|
$1.11 Billion |
|
GPS Participações e Empreendimentos S.A
SA:GGPS3
|
$1.11 Billion |
|
Celebi Hava Servisi AS
IS:CLEBI
|
$1.11 Billion |
|
Motherson Sumi Wiring India Limited
NSE:MSUMI
|
$1.11 Billion |
|
Kalbe Farma Tbk PT
JK:KLBF
|
$1.11 Billion |
|
An Hui Wenergy Co Ltd
SHE:000543
|
$1.11 Billion |
|
GigaCloud Technology Inc Class A Ordinary Shares
NASDAQ:GCT
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ECMPF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,007,180,000 to 2,085,606,000, a change of 78,426,000 (3.9%).
- Net income of 176,825,000 contributed positively to equity growth.
- Dividend payments of 71,035,000 reduced retained earnings.
- Share repurchases of 15,981,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $176.82 Million | +8.48% |
| Dividends Paid | $71.03 Million | -3.41% |
| Share Repurchases | $15.98 Million | -0.77% |
| Other Changes | $-11.38 Million | -0.55% |
| Total Change | $- | 3.91% |
Book Value vs Market Value Analysis
This analysis compares ECMPF'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: 0.57x
- 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 |
|---|---|---|---|
| 2018-12-31 | $36.56 | $22.35 | x |
| 2021-12-31 | $37.05 | $22.35 | x |
| 2022-12-31 | $38.68 | $22.35 | x |
| 2023-12-31 | $37.68 | $22.35 | x |
| 2024-12-31 | $39.03 | $22.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ECMPF 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): 8.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.21%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.88x
- Recent ROE (8.48%) is above the historical average (5.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 3.91% | 31.84% | 0.06x | 2.21x | $-116.07 Million |
| 2021 | 5.35% | 44.03% | 0.06x | 2.06x | $-91.08 Million |
| 2022 | 9.82% | 82.93% | 0.06x | 1.93x | $-3.65 Million |
| 2023 | -1.34% | -10.46% | 0.07x | 1.91x | $-227.59 Million |
| 2024 | 8.48% | 67.21% | 0.07x | 1.88x | $-31.74 Million |
Industry Comparison
This section compares ECMPF's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ECMPF (ECMPF) | $2.07 Billion | 3.91% | 0.95x | $1.11 Billion |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |