Tecnisa S.A
Tecnisa S.A. engages in the incorporation, purchase, and sale of ready-built or off-plan residential and commercial properties, land, and ideal fractions in Brazil. It is involved in the construction of properties; and the provision of real estate consulting services. The company was formerly known as Tecnisa Engenharia. Tecnisa S.A. was founded in 1977 and is headquartered in São Paulo, Brazil.
Tecnisa S.A (TCSA3) - Net Assets
Latest net assets as of September 2025: R$316.39 Million BRL
Based on the latest financial reports, Tecnisa S.A (TCSA3) has net assets worth R$316.39 Million 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$1.10 Billion) and total liabilities (R$782.62 Million). 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$316.39 Million |
| % of Total Assets | 28.79% |
| Annual Growth Rate | 7.62% |
| 5-Year Change | -51.24% |
| 10-Year Change | -77.47% |
| Growth Volatility | 88.05 |
Tecnisa S.A - Net Assets Trend (2003–2024)
This chart illustrates how Tecnisa 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 Tecnisa S.A (2003–2024)
The table below shows the annual net assets of Tecnisa S.A from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$385.80 Million | -27.96% |
| 2023-12-31 | R$535.51 Million | -13.91% |
| 2022-12-31 | R$622.02 Million | -5.93% |
| 2021-12-31 | R$661.23 Million | -16.43% |
| 2020-12-31 | R$791.27 Million | -16.41% |
| 2019-12-31 | R$946.65 Million | +20.98% |
| 2018-12-31 | R$782.51 Million | -26.57% |
| 2017-12-31 | R$1.07 Billion | -26.41% |
| 2016-12-31 | R$1.45 Billion | -15.42% |
| 2015-12-31 | R$1.71 Billion | +0.69% |
| 2014-12-31 | R$1.70 Billion | +7.68% |
| 2013-12-31 | R$1.58 Billion | +10.17% |
| 2012-12-31 | R$1.43 Billion | -12.19% |
| 2011-12-31 | R$1.63 Billion | +36.55% |
| 2010-12-31 | R$1.20 Billion | +21.59% |
| 2009-12-31 | R$983.11 Million | +14.00% |
| 2008-12-31 | R$862.38 Million | +10.64% |
| 2007-12-31 | R$779.46 Million | +404.17% |
| 2006-12-31 | R$154.60 Million | +31.98% |
| 2005-12-31 | R$117.14 Million | +2.04% |
| 2004-12-31 | R$114.80 Million | +39.07% |
| 2003-12-31 | R$82.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tecnisa 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 decreased by 2386.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$1.87 Billion | 488.68% |
| Other Comprehensive Income | R$-39.68 Million | -10.38% |
| Total Equity | R$382.31 Million | 100.00% |
Tecnisa S.A Competitors by Market Cap
The table below lists competitors of Tecnisa S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
E Tech Resources Inc
V:REE
|
$9.95 Million |
|
Pacific Pipe Public Company Limited
BK:PAP
|
$9.96 Million |
|
Kidoz Inc
PINK:KDOZF
|
$9.97 Million |
|
Salazar Resources Limited
OTCQX:SRLZF
|
$9.97 Million |
|
OVB Holding AG
XETRA:O4B
|
$9.95 Million |
|
Aiptek International Inc
TW:6225
|
$9.95 Million |
|
068100
KQ:068100
|
$9.95 Million |
|
Penta Valent
JK:PEVE
|
$9.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tecnisa S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 534,525,000 to 382,315,000, a change of -152,210,000 (-28.5%).
- Net loss of 148,412,000 reduced equity.
- Other comprehensive income increased equity by 601,000.
- Other factors decreased equity by 4,399,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$-148.41 Million | -38.82% |
| Other Comprehensive Income | R$601.00K | +0.16% |
| Other Changes | R$-4.40 Million | -1.15% |
| Total Change | R$- | -28.48% |
Book Value vs Market Value Analysis
This analysis compares Tecnisa 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: 0.26x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | R$6.95 | R$1.35 | x |
| 2006-12-31 | R$8.88 | R$1.35 | x |
| 2007-12-31 | R$46.54 | R$1.35 | x |
| 2008-12-31 | R$48.63 | R$1.35 | x |
| 2009-12-31 | R$53.91 | R$1.35 | x |
| 2010-12-31 | R$57.41 | R$1.35 | x |
| 2011-12-31 | R$73.33 | R$1.35 | x |
| 2012-12-31 | R$63.26 | R$1.35 | x |
| 2013-12-31 | R$68.36 | R$1.35 | x |
| 2014-12-31 | R$73.05 | R$1.35 | x |
| 2015-12-31 | R$92.33 | R$1.35 | x |
| 2016-12-31 | R$66.87 | R$1.35 | x |
| 2017-12-31 | R$32.94 | R$1.35 | x |
| 2018-12-31 | R$23.44 | R$1.35 | x |
| 2019-12-31 | R$18.17 | R$1.35 | x |
| 2020-12-31 | R$10.54 | R$1.35 | x |
| 2021-12-31 | R$8.02 | R$1.35 | x |
| 2022-12-31 | R$8.01 | R$1.35 | x |
| 2023-12-31 | R$7.26 | R$1.35 | x |
| 2024-12-31 | R$5.19 | R$1.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tecnisa 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): -38.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.60%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.50x
- Recent ROE (-38.82%) is below the historical average (-3.08%), 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 | 45.53% | 23.60% | 0.82x | 2.35x | R$28.91 Million |
| 2004 | 24.06% | 15.71% | 0.75x | 2.03x | R$15.89 Million |
| 2005 | 22.35% | 16.23% | 0.54x | 2.54x | R$14.03 Million |
| 2006 | 6.66% | 12.11% | 0.16x | 3.51x | R$-4.85 Million |
| 2007 | 4.27% | 9.61% | 0.30x | 1.47x | R$-43.56 Million |
| 2008 | 9.47% | 15.26% | 0.34x | 1.83x | R$-4.21 Million |
| 2009 | 12.55% | 15.55% | 0.32x | 2.55x | R$22.49 Million |
| 2010 | 16.74% | 14.66% | 0.44x | 2.62x | R$80.51 Million |
| 2011 | 9.59% | 9.34% | 0.39x | 2.62x | R$-6.11 Million |
| 2012 | -13.02% | -12.78% | 0.32x | 3.17x | R$-302.28 Million |
| 2013 | 15.66% | 12.32% | 0.38x | 3.32x | R$79.90 Million |
| 2014 | 10.45% | 9.96% | 0.33x | 3.23x | R$6.72 Million |
| 2015 | 14.16% | 19.16% | 0.33x | 2.21x | R$69.84 Million |
| 2016 | -31.60% | -136.60% | 0.11x | 2.20x | R$-591.08 Million |
| 2017 | -49.63% | -174.23% | 0.13x | 2.21x | R$-625.56 Million |
| 2018 | -35.89% | -165.20% | 0.09x | 2.51x | R$-354.25 Million |
| 2019 | -27.42% | -71.95% | 0.21x | 1.83x | R$-351.98 Million |
| 2020 | -21.25% | -94.65% | 0.10x | 2.25x | R$-242.42 Million |
| 2021 | -31.30% | -131.04% | 0.09x | 2.64x | R$-243.75 Million |
| 2022 | 0.18% | 0.45% | 0.14x | 2.73x | R$-57.95 Million |
| 2023 | -10.51% | -13.27% | 0.28x | 2.86x | R$-109.62 Million |
| 2024 | -38.82% | -32.60% | 0.34x | 3.50x | R$-186.64 Million |
Industry Comparison
This section compares Tecnisa S.A's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,584,251,200
- Average return on equity (ROE) among peers: 8.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tecnisa S.A (TCSA3) | R$316.39 Million | 45.53% | 2.47x | $9.95 Million |
| Alphaville S.A (AVLL3) | $-771.73 Million | 0.00% | 0.00x | $14.14 Million |
| Cury Construtora e Incorporadora S.A (CURY3) | $315.15 Million | 28.87% | 2.51x | $900.19 Million |
| Direcional Engenharia S.A. (DIRR3) | $319.76 Million | 20.15% | 0.81x | $731.83 Million |
| Even Construtora e Incorporadora S.A (EVEN3) | $1.81 Billion | -8.89% | 1.68x | $184.49 Million |
| EZTEC Empreendimentos e Participações S.A (EZTC3) | $1.41 Billion | 23.41% | 0.22x | $237.39 Million |
| Fica Empreendimentos Imobiliarios S.A (FIEI3) | $80.08 Million | -15.81% | 0.17x | $1.33 Million |
| JHSF Participações S.A. (JHSF3) | $2.66 Billion | 4.07% | 1.46x | $413.50 Million |
| MRV Engenharia e Participações S.A (MRVE3) | $3.05 Billion | 20.78% | 1.22x | $395.75 Million |
| Mitre Realty Empreendimentos e Participações S.A (MTRE3) | $1.00 Billion | 3.47% | 1.05x | $38.43 Million |
| PDG Realty S.A. Empreendimentos e Participações (PDGR3) | $5.96 Billion | 13.24% | 1.58x | $410.71K |