Helbor Empreendimentos S.A
Helbor Empreendimentos S.A. engages in the real estate development business in Brazil. Its portfolio includes residential and commercial properties. The company was formerly known as Helbor Empreendimentos Imobiliarios Ltda. The company was founded in 1977 and is headquartered in Mogi das Cruzes, Brazil.
Helbor Empreendimentos S.A (HBOR3) - Net Assets
Latest net assets as of September 2025: R$2.80 Billion BRL
Based on the latest financial reports, Helbor Empreendimentos S.A (HBOR3) has net assets worth R$2.80 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$6.58 Billion) and total liabilities (R$3.78 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 | R$2.80 Billion |
| % of Total Assets | 42.58% |
| Annual Growth Rate | 16.4% |
| 5-Year Change | 61.87% |
| 10-Year Change | 44.96% |
| Growth Volatility | 29.28 |
Helbor Empreendimentos S.A - Net Assets Trend (2004–2024)
This chart illustrates how Helbor Empreendimentos S.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 Helbor Empreendimentos S.A (2004–2024)
The table below shows the annual net assets of Helbor Empreendimentos S.A from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$2.71 Billion | +14.42% |
| 2023-12-31 | R$2.37 Billion | +11.52% |
| 2022-12-31 | R$2.12 Billion | +17.11% |
| 2021-12-31 | R$1.81 Billion | +8.33% |
| 2020-12-31 | R$1.67 Billion | +4.46% |
| 2019-12-31 | R$1.60 Billion | +39.55% |
| 2018-12-31 | R$1.15 Billion | -36.00% |
| 2017-12-31 | R$1.80 Billion | -4.28% |
| 2016-12-31 | R$1.88 Billion | +0.29% |
| 2015-12-31 | R$1.87 Billion | +5.13% |
| 2014-12-31 | R$1.78 Billion | +3.83% |
| 2013-12-31 | R$1.71 Billion | +51.87% |
| 2012-12-31 | R$1.13 Billion | +24.11% |
| 2011-12-31 | R$908.99 Million | +24.89% |
| 2010-12-31 | R$727.83 Million | +69.33% |
| 2009-12-31 | R$429.83 Million | +17.85% |
| 2008-12-31 | R$364.73 Million | +5.45% |
| 2007-12-31 | R$345.87 Million | +108.74% |
| 2006-12-31 | R$165.70 Million | +11.28% |
| 2005-12-31 | R$148.90 Million | +14.50% |
| 2004-12-31 | R$130.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Helbor Empreendimentos 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 grown by 720.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$199.51 Million | 13.74% |
| Common Stock | R$1.31 Billion | 90.23% |
| Total Equity | R$1.45 Billion | 100.00% |
Helbor Empreendimentos S.A Competitors by Market Cap
The table below lists competitors of Helbor Empreendimentos S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MEITAV INVESTMENTS HOUSE R1 RIGHTS
TA:MTAV
|
$28.87 Million |
|
Adveritas Ltd
AU:AV1
|
$28.87 Million |
|
Chungdamglobal Co. Ltd.
KQ:362320
|
$28.87 Million |
|
Jindal Poly Investment and Finance Company Limited
NSE:JPOLYINVST
|
$28.88 Million |
|
Acarix A/S
ST:ACARIX
|
$28.86 Million |
|
Téléverbier SA
PA:TVRB
|
$28.85 Million |
|
Borosil Scientific
NSE:BOROSCI
|
$28.85 Million |
|
Nordic Aqua Partners As
OL:NOAP
|
$28.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Helbor Empreendimentos S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,409,509,000 to 1,452,150,000, a change of 42,641,000 (3.0%).
- Net income of 56,508,000 contributed positively to equity growth.
- Dividend payments of 12,077,000 reduced retained earnings.
- Other comprehensive income decreased equity by 124,336,000.
- Other factors increased equity by 122,546,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$56.51 Million | +3.89% |
| Dividends Paid | R$12.08 Million | -0.83% |
| Other Comprehensive Income | R$-124.34 Million | -8.56% |
| Other Changes | R$122.55 Million | +8.44% |
| Total Change | R$- | 3.03% |
Book Value vs Market Value Analysis
This analysis compares Helbor Empreendimentos 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: 0.24x
- 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.
- The price-to-book ratio has decreased from 2.24x to 0.24x 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 | R$1.19 | R$2.68 | x |
| 2005-12-31 | R$1.38 | R$2.68 | x |
| 2006-12-31 | R$1.57 | R$2.68 | x |
| 2007-12-31 | R$7.77 | R$2.68 | x |
| 2008-12-31 | R$8.19 | R$2.68 | x |
| 2009-12-31 | R$9.45 | R$2.68 | x |
| 2010-12-31 | R$12.87 | R$2.68 | x |
| 2011-12-31 | R$15.40 | R$2.68 | x |
| 2012-12-31 | R$19.05 | R$2.68 | x |
| 2013-12-31 | R$21.90 | R$2.68 | x |
| 2014-12-31 | R$23.83 | R$2.68 | x |
| 2015-12-31 | R$25.71 | R$2.68 | x |
| 2016-12-31 | R$26.38 | R$2.68 | x |
| 2017-12-31 | R$19.60 | R$2.68 | x |
| 2018-12-31 | R$9.11 | R$2.68 | x |
| 2019-12-31 | R$12.38 | R$2.68 | x |
| 2020-12-31 | R$9.53 | R$2.68 | x |
| 2021-12-31 | R$10.05 | R$2.68 | x |
| 2022-12-31 | R$10.34 | R$2.68 | x |
| 2023-12-31 | R$10.62 | R$2.68 | x |
| 2024-12-31 | R$10.94 | R$2.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Helbor Empreendimentos 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): 3.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.45%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.61x
- Recent ROE (3.89%) is below the historical average (7.10%), 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 | 19.77% | 9.75% | 0.52x | 3.88x | R$5.02 Million |
| 2005 | 14.92% | 7.42% | 0.55x | 3.68x | R$2.92 Million |
| 2006 | 12.33% | 6.40% | 0.51x | 3.81x | R$1.58 Million |
| 2007 | 1.88% | 2.73% | 0.34x | 2.06x | R$-28.08 Million |
| 2008 | 15.26% | 16.10% | 0.37x | 2.57x | R$19.18 Million |
| 2009 | 18.69% | 12.00% | 0.56x | 2.76x | R$36.57 Million |
| 2010 | 27.65% | 19.67% | 0.47x | 2.99x | R$123.78 Million |
| 2011 | 25.21% | 18.10% | 0.45x | 3.11x | R$128.73 Million |
| 2012 | 26.22% | 19.00% | 0.42x | 3.32x | R$168.33 Million |
| 2013 | 25.11% | 15.64% | 0.40x | 4.05x | R$183.00 Million |
| 2014 | 15.99% | 11.42% | 0.37x | 3.83x | R$78.98 Million |
| 2015 | 4.99% | 5.27% | 0.26x | 3.68x | R$-69.28 Million |
| 2016 | -7.39% | -11.44% | 0.17x | 3.84x | R$-242.78 Million |
| 2017 | -22.64% | -59.66% | 0.10x | 3.64x | R$-445.64 Million |
| 2018 | -41.41% | -53.81% | 0.15x | 5.03x | R$-423.26 Million |
| 2019 | -8.33% | -8.07% | 0.28x | 3.70x | R$-229.26 Million |
| 2020 | 2.10% | 2.72% | 0.22x | 3.44x | R$-99.91 Million |
| 2021 | 7.57% | 10.65% | 0.22x | 3.23x | R$-32.35 Million |
| 2022 | 3.72% | 5.63% | 0.17x | 3.79x | R$-86.16 Million |
| 2023 | 3.61% | 3.98% | 0.21x | 4.31x | R$-90.10 Million |
| 2024 | 3.89% | 4.45% | 0.19x | 4.61x | R$-88.71 Million |
Industry Comparison
This section compares Helbor Empreendimentos S.A's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,965,398,889
- Average return on equity (ROE) among peers: 9.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Helbor Empreendimentos S.A (HBOR3) | R$2.80 Billion | 19.77% | 1.35x | $28.87 Million |
| Allos S.A. (ALOS3) | $3.17 Billion | 4.95% | 0.50x | $1.52 Billion |
| HBR Realty Empreendimentos Imobiliários S.A (HBRE3) | $1.11 Billion | 17.44% | 1.12x | $22.45 Million |
| Jereissati Participações S.A. (IGTI3) | $3.44 Billion | 6.95% | 1.14x | $87.01 Million |
| Iguatemi S.A. (IGTI4) | $4.18 Billion | 7.29% | 0.87x | $334.54 Million |
| João Fortes Engenharia S.A. (JFEN3) | $-289.63 Million | 0.00% | 0.00x | $1.53 Million |
| Lavvi Empreendimentos Imobiliários S.A (LAVV3) | $1.26 Billion | 9.15% | 0.54x | $98.19 Million |
| LOG Commercial Properties e Participações S.A (LOGG3) | $2.95 Billion | 3.05% | 0.35x | $216.64 Million |
| LPS Brasil - Consultoria de Imóveis S.A (LPSB3) | $530.96 Million | 26.86% | 1.13x | $20.57 Million |
| Moura Dubeux Engenharia S.A (MDNE3) | $1.34 Billion | 11.65% | 1.57x | $254.94 Million |