Vantage Towers AG
Vantage Towers AG, a tower infrastructure company, engages in the acquisition, leasing, construction, maintenance, and management of passive network infrastructure for mobile communications in Germany, Spain, Greece, Europe and internationally. It provides portfolio, including towers, masts, rooftop sites, distributed antenna systems, and small cells. The company also offers colocation, built-to-… Read more
Vantage Towers AG (VTWRF) - Net Assets
Latest net assets as of March 2023: $5.54 Billion USD
Based on the latest financial reports, Vantage Towers AG (VTWRF) has net assets worth $5.54 Billion USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.04 Billion) and total liabilities ($5.49 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 | $5.54 Billion |
| % of Total Assets | 50.23% |
| Annual Growth Rate | 2.33% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.02 |
Vantage Towers AG - Net Assets Trend (2021–2023)
This chart illustrates how Vantage Towers AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vantage Towers AG (2021–2023)
The table below shows the annual net assets of Vantage Towers AG from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-03-31 | $5.54 Billion | +3.35% |
| 2022-03-31 | $5.36 Billion | +1.31% |
| 2021-03-31 | $5.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vantage Towers AG'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 225.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $514.30 Million | 9.28% |
| Common Stock | $505.80 Million | 9.12% |
| Other Comprehensive Income | $23.74 Million | 0.43% |
| Other Components | $4.50 Billion | 81.17% |
| Total Equity | $5.54 Billion | 100.00% |
Vantage Towers AG Competitors by Market Cap
The table below lists competitors of Vantage Towers AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henzhen Zhaowei Machinery And Elect
SHE:003021
|
$1.16 Billion |
|
Live Oak Bancshares, Inc.
NYSE:LOB
|
$1.16 Billion |
|
ORG Packaging Co Ltd
SHE:002701
|
$1.16 Billion |
|
Zhongshan Public Utilities Group Co Ltd
SHE:000685
|
$1.16 Billion |
|
Veris Gold Corp
PINK:YNGFF
|
$1.16 Billion |
|
Fila Holdings Corp
KO:081660
|
$1.16 Billion |
|
Dottikon Es Holding AG
SW:DESN
|
$1.16 Billion |
|
GlaxoSmithKline Pharmaceuticals Limited
NSE:GLAXO
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vantage Towers AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,363,700,000 to 5,543,300,000, a change of 179,600,000 (3.3%).
- Net income of 473,100,000 contributed positively to equity growth.
- Dividend payments of 318,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,277,135,439.
- Other factors decreased equity by 2,252,035,439.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $473.10 Million | +8.53% |
| Dividends Paid | $318.60 Million | -5.75% |
| Other Comprehensive Income | $2.28 Billion | +41.08% |
| Other Changes | $-2.25 Billion | -40.63% |
| Total Change | $- | 3.35% |
Book Value vs Market Value Analysis
This analysis compares Vantage Towers AG'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: 3.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.34x to 3.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | $17.12 | $40.06 | x |
| 2022-03-31 | $10.59 | $40.06 | x |
| 2023-03-31 | $10.94 | $40.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vantage Towers AG 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): 8.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.20%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.99x
- Recent ROE (8.53%) is above the historical average (6.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.99% | 29.03% | 0.05x | 1.94x | $-371.23 Million |
| 2022 | 6.65% | 34.88% | 0.10x | 2.00x | $-179.47 Million |
| 2023 | 8.53% | 43.20% | 0.10x | 1.99x | $-81.23 Million |
Industry Comparison
This section compares Vantage Towers AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $860,434,363
- Average return on equity (ROE) among peers: -17.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vantage Towers AG (VTWRF) | $5.54 Billion | 2.99% | 0.99x | $1.16 Billion |
| Aroundtown SA (AANNF) | $2.43 Billion | 28.32% | 0.83x | $1.42 Billion |
| AAP Inc (AAPJ) | $-1.00 Million | 0.00% | 0.00x | $1.97 |
| Ambase Corp (ABCP) | $-4.12 Million | 0.00% | 0.00x | $6.43 Million |
| Americann Inc (ACAN) | $1.31 Million | -131.48% | 2.04x | $2.44K |
| Ascendas India Trust (ACNDF) | $1.32 Billion | 9.88% | 1.00x | $831.45 Million |
| Adler Group S.A (ADPPF) | $2.20 Billion | 17.61% | 0.90x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $487.65K | -21.43% | -0.50x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $13.17 Million | -41.42% | 0.60x | $32.30 Million |
| Avalon GloboCare Corp. (ALBT) | $7.31 Million | -47.40% | 0.73x | $2.25 Million |
| Allreal (ALRHF) | $2.64 Billion | 8.00% | 1.23x | $2.39 Billion |