SIMPAR S.A
SIMPAR S.A. provides light vehicle rental, and fleet management and outsourcing services in Brazil. The company provides road logistics; car rental and fleet management sector; rental of trucks, machinery, and equipment; Volkswagen/man truck and bus dealerships; and light and heavy vehicle fleets, including complete service management, customization, maintenance, and fleet operation with driver. … Read more
SIMPAR S.A (SIMH3) - Net Assets
Latest net assets as of September 2025: R$6.17 Billion BRL
Based on the latest financial reports, SIMPAR S.A (SIMH3) has net assets worth R$6.17 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$84.17 Billion) and total liabilities (R$78.00 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$6.17 Billion |
| % of Total Assets | 7.33% |
| Annual Growth Rate | 13.75% |
| 5-Year Change | 77.58% |
| 10-Year Change | 461.34% |
| Growth Volatility | 48.1 |
SIMPAR S.A - Net Assets Trend (2007–2024)
This chart illustrates how SIMPAR 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 SIMPAR S.A (2007–2024)
The table below shows the annual net assets of SIMPAR S.A from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$5.72 Billion | -15.21% |
| 2023-12-31 | R$6.75 Billion | +20.96% |
| 2022-12-31 | R$5.58 Billion | -4.16% |
| 2021-12-31 | R$5.82 Billion | +80.66% |
| 2020-12-31 | R$3.22 Billion | +26.43% |
| 2019-12-31 | R$2.55 Billion | +104.24% |
| 2018-12-31 | R$1.25 Billion | +4.98% |
| 2017-12-31 | R$1.19 Billion | +95.29% |
| 2016-12-31 | R$608.99 Million | -40.29% |
| 2015-12-31 | R$1.02 Billion | -9.72% |
| 2014-12-31 | R$1.13 Billion | -0.27% |
| 2013-12-31 | R$1.13 Billion | +19.25% |
| 2012-12-31 | R$949.92 Million | +12.62% |
| 2011-12-31 | R$843.49 Million | +3.72% |
| 2010-12-31 | R$813.21 Million | +125.86% |
| 2009-12-31 | R$360.06 Million | -1.18% |
| 2008-12-31 | R$364.36 Million | -43.07% |
| 2007-12-31 | R$640.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SIMPAR 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 1.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$232.37 Million | 8.45% |
| Common Stock | R$1.17 Billion | 42.68% |
| Other Comprehensive Income | R$1.50 Billion | 54.54% |
| Total Equity | R$2.75 Billion | 100.00% |
SIMPAR S.A Competitors by Market Cap
The table below lists competitors of SIMPAR S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei Chutian Expressway Co Ltd
SHG:600035
|
$389.55 Million |
|
Jiangsu Transimage Technology Co Ltd
SHE:002866
|
$389.57 Million |
|
Stark Technology Inc
TW:2480
|
$389.58 Million |
|
Pierre et Vacances SA
PA:VAC
|
$389.62 Million |
|
Beijing Deep Glint Technology Co. Ltd. A
SHG:688207
|
$389.49 Million |
|
Inox Wind Limited
NSE:INOXWIND
|
$389.47 Million |
|
Asseco South Eastern Europe S.A.
WAR:ASE
|
$389.34 Million |
|
Glenmark Life Sciences Limited
NSE:GLS
|
$389.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SIMPAR S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,326,246,000 to 2,751,515,000, a change of -574,731,000 (-17.3%).
- Net loss of 198,156,000 reduced equity.
- Dividend payments of 157,178,000 reduced retained earnings.
- Share repurchases of 99,687,000 reduced equity.
- New share issuances of 12,674,000 increased equity.
- Other comprehensive income decreased equity by 371,823,000.
- Other factors increased equity by 239,439,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$-198.16 Million | -7.2% |
| Dividends Paid | R$157.18 Million | -5.71% |
| Share Repurchases | R$99.69 Million | -3.62% |
| Share Issuances | R$12.67 Million | +0.46% |
| Other Comprehensive Income | R$-371.82 Million | -13.51% |
| Other Changes | R$239.44 Million | +8.7% |
| Total Change | R$- | -17.28% |
Book Value vs Market Value Analysis
This analysis compares SIMPAR 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: 3.38x
- 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 decreased from 12.23x to 3.38x 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$0.89 | R$10.83 | x |
| 2008-12-31 | R$0.50 | R$10.83 | x |
| 2009-12-31 | R$0.50 | R$10.83 | x |
| 2010-12-31 | R$1.12 | R$10.83 | x |
| 2011-12-31 | R$1.07 | R$10.83 | x |
| 2012-12-31 | R$1.11 | R$10.83 | x |
| 2013-12-31 | R$0.76 | R$10.83 | x |
| 2014-12-31 | R$0.75 | R$10.83 | x |
| 2015-12-31 | R$0.73 | R$10.83 | x |
| 2016-12-31 | R$0.75 | R$10.83 | x |
| 2017-12-31 | R$0.85 | R$10.83 | x |
| 2018-12-31 | R$0.91 | R$10.83 | x |
| 2019-12-31 | R$1.10 | R$10.83 | x |
| 2020-12-31 | R$2.27 | R$10.83 | x |
| 2021-12-31 | R$4.31 | R$10.83 | x |
| 2022-12-31 | R$3.44 | R$10.83 | x |
| 2023-12-31 | R$4.02 | R$10.83 | x |
| 2024-12-31 | R$3.20 | R$10.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SIMPAR 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): -7.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.48%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 30.54x
- Recent ROE (-7.20%) is below the historical average (6.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 13.54% | 8.43% | 0.76x | 2.11x | R$22.68 Million |
| 2008 | 15.88% | 3.91% | 0.87x | 4.65x | R$21.42 Million |
| 2009 | 17.48% | 4.26% | 0.80x | 5.15x | R$26.94 Million |
| 2010 | 11.44% | 4.59% | 0.71x | 3.54x | R$11.69 Million |
| 2011 | 6.74% | 2.36% | 0.63x | 4.56x | R$-27.48 Million |
| 2012 | 8.18% | 1.93% | 0.88x | 4.81x | R$-17.27 Million |
| 2013 | 7.13% | 0.98% | 0.77x | 9.42x | R$-18.73 Million |
| 2014 | 3.45% | 0.40% | 0.71x | 12.28x | R$-41.70 Million |
| 2015 | 7.53% | 0.78% | 0.69x | 14.07x | R$-15.35 Million |
| 2016 | -30.08% | -2.81% | 0.74x | 14.56x | R$-244.07 Million |
| 2017 | -0.40% | -0.04% | 0.63x | 16.75x | R$-71.42 Million |
| 2018 | 17.43% | 1.63% | 0.51x | 21.08x | R$55.96 Million |
| 2019 | 13.04% | 1.23% | 0.46x | 23.13x | R$27.81 Million |
| 2020 | 14.58% | 2.81% | 0.38x | 13.51x | R$86.76 Million |
| 2021 | 23.39% | 5.93% | 0.29x | 13.64x | R$470.65 Million |
| 2022 | 16.73% | 2.00% | 0.39x | 21.40x | R$193.91 Million |
| 2023 | -14.89% | -1.56% | 0.45x | 21.09x | R$-827.85 Million |
| 2024 | -7.20% | -0.48% | 0.49x | 30.54x | R$-473.31 Million |
Industry Comparison
This section compares SIMPAR 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: $1,132,350,000
- Average return on equity (ROE) among peers: 11.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SIMPAR S.A (SIMH3) | R$6.17 Billion | 13.54% | 12.64x | $389.49 Million |
| Armac Locacao Logistica (ARML3) | $1.31 Billion | 12.98% | 2.54x | $53.14 Million |
| Mills Estruturas e Serviços de Engenharia S.A (MILS3) | $1.24 Billion | 17.47% | 1.09x | $244.55 Million |
| Movida Participações S.A (MOVI3) | $1.28 Billion | 5.17% | 2.12x | $213.48 Million |
| Vamos Locação de Caminhões Máquinas e Equipamentos S.A (VAMO3) | $694.16 Million | 11.62% | 1.90x | $260.18 Million |