Tecnisa S.A (TCSA3) - Net Assets
Based on the latest financial reports, Tecnisa S.A (TCSA3) has net assets worth R$291.94 Million BRL (≈ $57.28 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$1.20 Billion ≈ $235.03 Million USD) and total liabilities (R$905.84 Million ≈ $177.74 Million USD). 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. Check how tangible is Tecnisa S.A's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$291.94 Million |
| % of Total Assets | 24.37% |
| Annual Growth Rate | 5.91% |
| 5-Year Change | -55.85% |
| 10-Year Change | -79.84% |
| Growth Volatility | 86.54 |
Tecnisa S.A - Net Assets Trend (2003–2025)
This chart illustrates how Tecnisa S.A's net assets have evolved over time, based on quarterly financial data. See Tecnisa S.A (TCSA3) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tecnisa S.A (2003–2025)
The table below shows the annual net assets of Tecnisa S.A from 2003 to 2025. For live valuation and market cap data, see Tecnisa S.A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$291.94 Million ≈ $57.28 Million |
-24.33% |
| 2024-12-31 | R$385.80 Million ≈ $75.70 Million |
-27.96% |
| 2023-12-31 | R$535.51 Million ≈ $105.08 Million |
-13.91% |
| 2022-12-31 | R$622.02 Million ≈ $122.05 Million |
-5.93% |
| 2021-12-31 | R$661.23 Million ≈ $129.75 Million |
-16.43% |
| 2020-12-31 | R$791.27 Million ≈ $155.26 Million |
-16.41% |
| 2019-12-31 | R$946.65 Million ≈ $185.75 Million |
+20.98% |
| 2018-12-31 | R$782.51 Million ≈ $153.54 Million |
-26.57% |
| 2017-12-31 | R$1.07 Billion ≈ $209.09 Million |
-26.41% |
| 2016-12-31 | R$1.45 Billion ≈ $284.14 Million |
-15.42% |
| 2015-12-31 | R$1.71 Billion ≈ $335.93 Million |
+0.69% |
| 2014-12-31 | R$1.70 Billion ≈ $333.63 Million |
+7.68% |
| 2013-12-31 | R$1.58 Billion ≈ $309.84 Million |
+10.17% |
| 2012-12-31 | R$1.43 Billion ≈ $281.24 Million |
-12.19% |
| 2011-12-31 | R$1.63 Billion ≈ $320.29 Million |
+36.55% |
| 2010-12-31 | R$1.20 Billion ≈ $234.56 Million |
+21.59% |
| 2009-12-31 | R$983.11 Million ≈ $192.90 Million |
+14.00% |
| 2008-12-31 | R$862.38 Million ≈ $169.21 Million |
+10.64% |
| 2007-12-31 | R$779.46 Million ≈ $152.94 Million |
+404.17% |
| 2006-12-31 | R$154.60 Million ≈ $30.34 Million |
+31.98% |
| 2005-12-31 | R$117.14 Million ≈ $22.99 Million |
+2.04% |
| 2004-12-31 | R$114.80 Million ≈ $22.53 Million |
+39.07% |
| 2003-12-31 | R$82.55 Million ≈ $16.20 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 2546.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$1.87 Billion | 653.80% |
| Other Comprehensive Income | R$-35.57 Million | -12.45% |
| Total Equity | R$285.76 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 |
|---|---|
|
Lode Resources Ltd
AU:LDR
|
$15.02 Million |
|
Pasinex Resources Limited
F:PNX
|
$15.02 Million |
|
FUTURE GAMING GRP INTL AB
F:6L50
|
$15.03 Million |
|
SemiLEDS Corporation
NASDAQ:LEDS
|
$15.03 Million |
|
Société Hôtelière et Immobilière de Nice S.A.
PA:MLHIN
|
$15.02 Million |
|
CONX Corp
NASDAQ:CONX
|
$15.01 Million |
|
Havsfrun Investment AB (publ)
ST:HAV-B
|
$15.00 Million |
|
Nico Resources Ltd
AU:NC1
|
$15.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tecnisa S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 382,315,000 to 285,763,000, a change of -96,552,000 (-25.3%).
- Net loss of 100,661,000 reduced equity.
- Other comprehensive income increased equity by 4,109,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$-100.66 Million | -35.23% |
| Other Comprehensive Income | R$4.11 Million | +1.44% |
| Total Change | R$- | -25.25% |
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: 0.27x
- 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 increased from 0.15x to 0.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | R$6.95 | R$1.04 | x |
| 2006-12-31 | R$8.88 | R$1.04 | x |
| 2007-12-31 | R$46.54 | R$1.04 | x |
| 2008-12-31 | R$48.63 | R$1.04 | x |
| 2009-12-31 | R$53.91 | R$1.04 | x |
| 2010-12-31 | R$57.41 | R$1.04 | x |
| 2011-12-31 | R$73.33 | R$1.04 | x |
| 2012-12-31 | R$63.26 | R$1.04 | x |
| 2013-12-31 | R$68.36 | R$1.04 | x |
| 2014-12-31 | R$73.05 | R$1.04 | x |
| 2015-12-31 | R$92.33 | R$1.04 | x |
| 2016-12-31 | R$66.87 | R$1.04 | x |
| 2017-12-31 | R$32.94 | R$1.04 | x |
| 2018-12-31 | R$23.44 | R$1.04 | x |
| 2019-12-31 | R$18.17 | R$1.04 | x |
| 2020-12-31 | R$10.54 | R$1.04 | x |
| 2021-12-31 | R$8.02 | R$1.04 | x |
| 2022-12-31 | R$8.01 | R$1.04 | x |
| 2023-12-31 | R$7.26 | R$1.04 | x |
| 2024-12-31 | R$5.19 | R$1.04 | x |
| 2025-12-31 | R$3.88 | R$1.04 | 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): -35.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -46.92%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 4.19x
- Recent ROE (-35.23%) is below the historical average (-4.48%), 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 |
| 2025 | -35.23% | -46.92% | 0.18x | 4.19x | R$-129.24 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: $252,105,222
- Average return on equity (ROE) among peers: 16.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tecnisa S.A (TCSA3) | R$291.94 Million | 45.53% | 3.10x | $15.02 Million |
| Cury Construtora e Incorporadora S.A (CURY3) | $642.39 Million | 25.03% | 1.56x | $1.98 Billion |
| Direcional Engenharia S.A. (DIRR3) | $827.86 Million | 20.12% | 1.03x | $1.37 Billion |
| Even Construtora e Incorporadora S.A (EVEN3) | $804.00 Million | 7.35% | 1.13x | $224.01 Million |
| EZTEC Empreendimentos e Participações S.A (EZTC3) | $790.28 Million | 12.93% | 0.16x | $726.55 Million |
| JHSF Participações S.A. (JHSF3) | $201.08 Million | 26.27% | 1.32x | $1.42 Billion |
| MRV Engenharia e Participações S.A (MRVE3) | $1.38 Billion | 3.11% | 0.38x | $585.31 Million |
| PDG Realty S.A. Empreendimentos e Participações (PDGR3) | $-3.23 Billion | 0.00% | 0.00x | $928.89K |
| Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) | $230.14 Million | 57.44% | 3.18x | $346.39 Million |
| RNI Negócios Imobiliários S.A (RDNI3) | $625.47 Million | 0.24% | 1.53x | $17.72 Million |
About Tecnisa S.A
Tecnisa S.A. engages in the development of residential projects in Brazil. The company is also involved in the construction of properties. Its portfolio includes apartments, studios, and shops and slabs. Tecnisa S.A. was founded in 1977 and is headquartered in São Paulo, Brazil.