Mills Estruturas e Serviços de Engenharia S.A
Mills Locação, Serviços e Logística S.A. operates as a machinery and equipment rental company in Brazil. It rents, sells, imports, and exports steel and aluminum tubular structures, shoring and access equipment for civil construction works, and reusable concrete forms. The company also develops related engineering projects and provides supervisory and optional assembly services. Additionally, it … Read more
Mills Estruturas e Serviços de Engenharia S.A (MILS3) - Net Assets
Latest net assets as of September 2025: R$1.68 Billion BRL
Based on the latest financial reports, Mills Estruturas e Serviços de Engenharia S.A (MILS3) has net assets worth R$1.68 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$4.48 Billion) and total liabilities (R$2.80 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$1.68 Billion |
| % of Total Assets | 37.54% |
| Annual Growth Rate | 21.22% |
| 5-Year Change | 31.89% |
| 10-Year Change | 50.49% |
| Growth Volatility | 68.01 |
Mills Estruturas e Serviços de Engenharia S.A - Net Assets Trend (2007–2024)
This chart illustrates how Mills Estruturas e Serviços de Engenharia 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 Mills Estruturas e Serviços de Engenharia S.A (2007–2024)
The table below shows the annual net assets of Mills Estruturas e Serviços de Engenharia S.A from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$1.45 Billion | -0.93% |
| 2023-12-31 | R$1.46 Billion | +17.93% |
| 2022-12-31 | R$1.24 Billion | +13.40% |
| 2021-12-31 | R$1.09 Billion | -0.45% |
| 2020-12-31 | R$1.10 Billion | -0.86% |
| 2019-12-31 | R$1.11 Billion | +47.59% |
| 2018-12-31 | R$750.31 Million | -11.37% |
| 2017-12-31 | R$846.58 Million | -15.17% |
| 2016-12-31 | R$997.95 Million | +3.71% |
| 2015-12-31 | R$962.23 Million | -9.17% |
| 2014-12-31 | R$1.06 Billion | +4.22% |
| 2013-12-31 | R$1.02 Billion | +18.29% |
| 2012-12-31 | R$859.33 Million | +16.73% |
| 2011-12-31 | R$736.14 Million | +12.36% |
| 2010-12-31 | R$655.15 Million | +279.49% |
| 2009-12-31 | R$172.64 Million | +57.50% |
| 2008-12-31 | R$109.61 Million | +99.53% |
| 2007-12-31 | R$54.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mills Estruturas e Serviços de Engenharia 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 54423000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$543.29 Million | 37.59% |
| Common Stock | R$1.09 Billion | 75.53% |
| Other Comprehensive Income | R$-159.81 Million | -11.06% |
| Total Equity | R$1.45 Billion | 100.00% |
Mills Estruturas e Serviços de Engenharia S.A Competitors by Market Cap
The table below lists competitors of Mills Estruturas e Serviços de Engenharia S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Immuneering Corp
NASDAQ:IMRX
|
$244.63 Million |
|
Vista Gold Corporation
NYSE MKT:VGZ
|
$244.72 Million |
|
Hong Leong Industries Bhd
KLSE:3301
|
$244.73 Million |
|
AUSTRALIAN ETHICAL INV.
F:1OP
|
$244.74 Million |
|
Genfit S.A.
NASDAQ:GNFT
|
$244.43 Million |
|
Immutep Limited
PINK:PRRUF
|
$244.42 Million |
|
Hanson International Tbk
JK:MYRX
|
$244.37 Million |
|
Liaoning SG Automotive Group Co Ltd
SHG:600303
|
$244.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mills Estruturas e Serviços de Engenharia S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,459,166,000 to 1,445,279,000, a change of -13,887,000 (-1.0%).
- Net income of 284,890,000 contributed positively to equity growth.
- Dividend payments of 33,906,000 reduced retained earnings.
- Share repurchases of 169,233,000 reduced equity.
- Other comprehensive income decreased equity by 124,136,000.
- Other factors increased equity by 28,498,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$284.89 Million | +19.71% |
| Dividends Paid | R$33.91 Million | -2.35% |
| Share Repurchases | R$169.23 Million | -11.71% |
| Other Comprehensive Income | R$-124.14 Million | -8.59% |
| Other Changes | R$28.50 Million | +1.97% |
| Total Change | R$- | -0.95% |
Book Value vs Market Value Analysis
This analysis compares Mills Estruturas e Serviços de Engenharia 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: 2.19x
- 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 22.54x to 2.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | R$0.62 | R$13.96 | x |
| 2008-12-31 | R$1.24 | R$13.96 | x |
| 2009-12-31 | R$1.94 | R$13.96 | x |
| 2010-12-31 | R$5.15 | R$13.96 | x |
| 2011-12-31 | R$5.74 | R$13.96 | x |
| 2012-12-31 | R$6.77 | R$13.96 | x |
| 2013-12-31 | R$7.94 | R$13.96 | x |
| 2014-12-31 | R$8.26 | R$13.96 | x |
| 2015-12-31 | R$7.60 | R$13.96 | x |
| 2016-12-31 | R$6.22 | R$13.96 | x |
| 2017-12-31 | R$5.27 | R$13.96 | x |
| 2018-12-31 | R$4.67 | R$13.96 | x |
| 2019-12-31 | R$5.57 | R$13.96 | x |
| 2020-12-31 | R$5.29 | R$13.96 | x |
| 2021-12-31 | R$5.25 | R$13.96 | x |
| 2022-12-31 | R$5.95 | R$13.96 | x |
| 2023-12-31 | R$5.94 | R$13.96 | x |
| 2024-12-31 | R$6.37 | R$13.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mills Estruturas e Serviços de Engenharia 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): 19.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.08%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.68x
- Recent ROE (19.71%) is above the historical average (9.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 19.20% | 5.48% | 1.45x | 2.42x | R$5.05 Million |
| 2008 | 27.91% | 10.22% | 0.81x | 3.39x | R$19.63 Million |
| 2009 | 39.61% | 16.92% | 0.92x | 2.55x | R$51.12 Million |
| 2010 | 15.76% | 18.78% | 0.60x | 1.41x | R$37.77 Million |
| 2011 | 12.52% | 13.60% | 0.53x | 1.75x | R$18.56 Million |
| 2012 | 17.63% | 22.77% | 0.40x | 1.94x | R$65.58 Million |
| 2013 | 16.98% | 20.74% | 0.46x | 1.77x | R$70.94 Million |
| 2014 | 6.07% | 8.09% | 0.42x | 1.79x | R$-41.67 Million |
| 2015 | -10.16% | -16.98% | 0.35x | 1.70x | R$-194.02 Million |
| 2016 | -9.96% | -25.06% | 0.26x | 1.51x | R$-199.20 Million |
| 2017 | -16.35% | -46.46% | 0.24x | 1.45x | R$-223.04 Million |
| 2018 | -12.66% | -30.53% | 0.31x | 1.35x | R$-170.00 Million |
| 2019 | -4.06% | -10.24% | 0.32x | 1.24x | R$-155.72 Million |
| 2020 | -0.43% | -0.94% | 0.34x | 1.34x | R$-114.54 Million |
| 2021 | 9.40% | 13.88% | 0.51x | 1.33x | R$-6.59 Million |
| 2022 | 17.50% | 19.83% | 0.42x | 2.09x | R$92.79 Million |
| 2023 | 19.05% | 20.17% | 0.50x | 1.88x | R$132.01 Million |
| 2024 | 19.71% | 18.08% | 0.41x | 2.68x | R$140.36 Million |
Industry Comparison
This section compares Mills Estruturas e Serviços de Engenharia S.A's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,119,835,750
- Average return on equity (ROE) among peers: 7.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mills Estruturas e Serviços de Engenharia S.A (MILS3) | R$1.68 Billion | 19.20% | 1.66x | $244.55 Million |
| Armac Locacao Logistica (ARML3) | $1.31 Billion | 12.98% | 2.54x | $53.14 Million |
| Movida Participações S.A (MOVI3) | $1.28 Billion | 5.17% | 2.12x | $213.48 Million |
| SIMPAR S.A (SIMH3) | $1.19 Billion | -0.23% | 8.67x | $389.49 Million |
| Vamos Locação de Caminhões Máquinas e Equipamentos S.A (VAMO3) | $694.16 Million | 11.62% | 1.90x | $260.18 Million |