TOD'S S.p.A
TOD'S S.p.A., together with its subsidiaries, creates, produces, and distributes shoes, leather goods and accessories, and apparel in Italy, rest of Europe, the Americas, Greater China, and internationally. It distributes its products through directly operated single-brand stores (DOS), the e-commerce channels, franchised retail outlets, and a series of selected independent multi-brand stores und… Read more
TOD'S S.p.A (TODGF) - Net Assets
Latest net assets as of December 2023: $1.09 Billion USD
Based on the latest financial reports, TOD'S S.p.A (TODGF) has net assets worth $1.09 Billion USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.10 Billion) and total liabilities ($1.01 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 | $1.09 Billion |
| % of Total Assets | 51.95% |
| Annual Growth Rate | 5.09% |
| 5-Year Change | 0.93% |
| 10-Year Change | 33.88% |
| Growth Volatility | 7.16 |
TOD'S S.p.A - Net Assets Trend (2003–2023)
This chart illustrates how TOD'S S.p.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TOD'S S.p.A (2003–2023)
The table below shows the annual net assets of TOD'S S.p.A from 2003 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.09 Billion | +4.72% |
| 2022-12-31 | $1.04 Billion | +4.30% |
| 2021-12-31 | $998.53 Million | -0.86% |
| 2020-12-31 | $1.01 Billion | -6.79% |
| 2019-12-31 | $1.08 Billion | +1.49% |
| 2018-12-31 | $1.06 Billion | -2.07% |
| 2017-12-31 | $1.09 Billion | -0.31% |
| 2016-12-31 | $1.09 Billion | +25.91% |
| 2015-12-31 | $866.08 Million | +6.32% |
| 2014-12-31 | $814.61 Million | +1.69% |
| 2013-12-31 | $801.10 Million | +4.86% |
| 2012-12-31 | $763.99 Million | +10.92% |
| 2011-12-31 | $688.79 Million | +11.37% |
| 2010-12-31 | $618.44 Million | -6.29% |
| 2009-12-31 | $659.93 Million | +8.84% |
| 2008-12-31 | $606.32 Million | +6.98% |
| 2007-12-31 | $566.76 Million | +8.38% |
| 2006-12-31 | $522.92 Million | +9.28% |
| 2005-12-31 | $478.50 Million | +12.88% |
| 2004-12-31 | $423.92 Million | +4.83% |
| 2003-12-31 | $404.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOD'S S.p.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 grown by 5001800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $50.02 Million | 4.59% |
| Common Stock | $66.19 Million | 6.07% |
| Other Comprehensive Income | $557.83 Million | 51.15% |
| Other Components | $416.59 Million | 38.20% |
| Total Equity | $1.09 Billion | 100.00% |
TOD'S S.p.A Competitors by Market Cap
The table below lists competitors of TOD'S S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Liba Enterprise Joint-Stock Co Ltd
SHG:603519
|
$232.46 Million |
|
Ningbo Sinyuan ZM Technology Co. Ltd. A
SHE:301398
|
$232.52 Million |
|
Hongda High-Tech Holding Co Ltd
SHE:002144
|
$232.55 Million |
|
Shui On Land Limited
F:OL5
|
$232.56 Million |
|
Suzhou Institute of Building Science Group Co Ltd
SHG:603183
|
$232.38 Million |
|
Tangshan Jidong Equipment Engineering Co Ltd
SHE:000856
|
$232.37 Million |
|
Dalian Friendship Group Co Ltd
SHE:000679
|
$232.35 Million |
|
Tiangong International Company Limited
F:34T1
|
$232.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOD'S S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,041,425,000 to 1,090,627,000, a change of 49,202,000 (4.7%).
- Net income of 50,018,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 523,715,000.
- Other factors decreased equity by 524,531,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $50.02 Million | +4.59% |
| Other Comprehensive Income | $523.72 Million | +48.02% |
| Other Changes | $-524.53 Million | -48.09% |
| Total Change | $- | 4.72% |
Book Value vs Market Value Analysis
This analysis compares TOD'S S.p.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: 1.14x
- 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 2.78x to 1.14x 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 | $13.56 | $37.65 | x |
| 2005-12-31 | $14.96 | $37.65 | x |
| 2006-12-31 | $16.36 | $37.65 | x |
| 2007-12-31 | $17.68 | $37.65 | x |
| 2008-12-31 | $19.30 | $37.65 | x |
| 2009-12-31 | $21.39 | $37.65 | x |
| 2010-12-31 | $19.98 | $37.65 | x |
| 2011-12-31 | $22.48 | $37.65 | x |
| 2012-12-31 | $24.77 | $37.65 | x |
| 2013-12-31 | $25.27 | $37.65 | x |
| 2014-12-31 | $25.72 | $37.65 | x |
| 2015-12-31 | $27.39 | $37.65 | x |
| 2016-12-31 | $33.03 | $37.65 | x |
| 2017-12-31 | $32.82 | $37.65 | x |
| 2018-12-31 | $32.19 | $37.65 | x |
| 2019-12-31 | $32.68 | $37.65 | x |
| 2020-12-31 | $30.43 | $37.65 | x |
| 2021-12-31 | $30.17 | $37.65 | x |
| 2022-12-31 | $31.47 | $37.65 | x |
| 2023-12-31 | $32.96 | $37.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOD'S S.p.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): 4.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.37%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.92x
- Recent ROE (4.59%) is below the historical average (9.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.41% | 6.68% | 0.74x | 1.29x | $-14.46 Million |
| 2004 | 7.28% | 6.82% | 0.81x | 1.31x | $-11.46 Million |
| 2005 | 11.33% | 10.71% | 0.78x | 1.36x | $6.33 Million |
| 2006 | 12.85% | 11.66% | 0.81x | 1.37x | $14.83 Million |
| 2007 | 14.02% | 11.98% | 0.86x | 1.36x | $22.56 Million |
| 2008 | 14.07% | 11.96% | 0.87x | 1.35x | $24.45 Million |
| 2009 | 13.16% | 12.08% | 0.84x | 1.29x | $20.67 Million |
| 2010 | 18.12% | 13.74% | 0.88x | 1.50x | $49.63 Million |
| 2011 | 19.72% | 14.92% | 0.87x | 1.52x | $66.88 Million |
| 2012 | 19.19% | 15.10% | 0.90x | 1.42x | $69.64 Million |
| 2013 | 16.82% | 13.83% | 0.87x | 1.39x | $54.23 Million |
| 2014 | 12.00% | 10.06% | 0.85x | 1.41x | $16.16 Million |
| 2015 | 10.76% | 8.94% | 0.85x | 1.41x | $6.53 Million |
| 2016 | 7.94% | 8.59% | 0.62x | 1.48x | $-22.43 Million |
| 2017 | 6.54% | 7.37% | 0.61x | 1.46x | $-37.62 Million |
| 2018 | 4.43% | 5.01% | 0.58x | 1.52x | $-59.37 Million |
| 2019 | 4.28% | 5.05% | 0.46x | 1.85x | $-61.88 Million |
| 2020 | -7.27% | -11.49% | 0.31x | 2.05x | $-173.91 Million |
| 2021 | -0.59% | -0.67% | 0.44x | 2.00x | $-105.79 Million |
| 2022 | 2.21% | 2.29% | 0.49x | 1.98x | $-81.08 Million |
| 2023 | 4.59% | 4.37% | 0.55x | 1.92x | $-59.04 Million |
Industry Comparison
This section compares TOD'S S.p.A's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $14,906,776,702
- Average return on equity (ROE) among peers: 15.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOD'S S.p.A (TODGF) | $1.09 Billion | 6.41% | 0.92x | $232.42 Million |
| Adidas AG (ADDDF) | $7.06 Billion | 28.00% | 1.93x | $29.25 Billion |
| American Rebel Holdings Inc (AREB) | $-5.01 Million | 0.00% | 0.00x | $820.83K |
| American Rebel Holdings Inc. Warrants (AREBW) | $-646.27K | 0.00% | 0.00x | $10.11K |
| ASICS Corporation (ASCCF) | $138.08 Billion | 9.97% | 0.77x | $14.51 Billion |
| Birkenstock Holding plc (BIRK) | $2.40 Billion | 3.13% | 1.01x | $2.66 Billion |
| Boss Holdings Inc (BSHI) | $18.59 Million | 4.22% | 0.25x | $144.31K |
| Eatware Inc (CHSH) | $3.45 Million | 18.93% | 0.33x | $0.97 |
| Crocs Inc (CROX) | $817.93 Million | 66.04% | 4.50x | $3.98 Billion |
| Designer Brands Inc (DBI) | $640.76 Million | 16.80% | 0.57x | $153.96 Million |
| Deckers Outdoor Corporation (DECK) | $57.10 Million | 7.88% | 0.31x | $14.69 Billion |