Construtora Tenda S.A (TEND3) - Net Assets
Based on the latest financial reports, Construtora Tenda S.A (TEND3) has net assets worth R$1.24 Billion BRL (≈ $243.62 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$6.19 Billion ≈ $1.21 Billion USD) and total liabilities (R$4.95 Billion ≈ $971.04 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 asset resilience ratio of Construtora Tenda S.A to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$1.24 Billion |
| % of Total Assets | 20.06% |
| Annual Growth Rate | 24.59% |
| 5-Year Change | -37.0% |
| 10-Year Change | -15.13% |
| Growth Volatility | 813.91 |
Construtora Tenda S.A - Net Assets Trend (2004–2024)
This chart illustrates how Construtora Tenda S.A's net assets have evolved over time, based on quarterly financial data. Also explore TEND3 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Construtora Tenda S.A (2004–2024)
The table below shows the annual net assets of Construtora Tenda S.A from 2004 to 2024. For live valuation and market cap data, see Construtora Tenda S.A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$956.36 Million ≈ $187.65 Million |
+10.63% |
| 2023-12-31 | R$864.44 Million ≈ $169.62 Million |
+20.46% |
| 2022-12-31 | R$717.61 Million ≈ $140.81 Million |
-40.82% |
| 2021-12-31 | R$1.21 Billion ≈ $237.94 Million |
-20.12% |
| 2020-12-31 | R$1.52 Billion ≈ $297.88 Million |
+12.31% |
| 2019-12-31 | R$1.35 Billion ≈ $265.23 Million |
+12.29% |
| 2018-12-31 | R$1.20 Billion ≈ $236.20 Million |
+3.44% |
| 2017-12-31 | R$1.16 Billion ≈ $228.35 Million |
+8.19% |
| 2016-12-31 | R$1.08 Billion ≈ $211.06 Million |
-4.54% |
| 2015-12-31 | R$1.13 Billion ≈ $221.10 Million |
+4.11% |
| 2014-12-31 | R$1.08 Billion ≈ $212.38 Million |
-6.09% |
| 2013-12-31 | R$1.15 Billion ≈ $226.16 Million |
-38.58% |
| 2012-12-31 | R$1.88 Billion ≈ $368.24 Million |
-10.55% |
| 2011-12-31 | R$2.10 Billion ≈ $411.66 Million |
+11.64% |
| 2010-12-31 | R$1.88 Billion ≈ $368.74 Million |
+66.17% |
| 2009-12-31 | R$1.13 Billion ≈ $221.90 Million |
-29.86% |
| 2008-12-31 | R$1.61 Billion ≈ $316.39 Million |
+128.36% |
| 2007-12-31 | R$706.08 Million ≈ $138.55 Million |
+3740.09% |
| 2006-12-31 | R$18.39 Million ≈ $3.61 Million |
+27.29% |
| 2005-12-31 | R$14.45 Million ≈ $2.83 Million |
+22.62% |
| 2004-12-31 | R$11.78 Million ≈ $2.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Construtora Tenda 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 346.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$38.85 Million | 4.10% |
| Common Stock | R$910.73 Million | 96.19% |
| Other Comprehensive Income | R$-2.79 Million | -0.29% |
| Total Equity | R$946.79 Million | 100.00% |
Construtora Tenda S.A Competitors by Market Cap
The table below lists competitors of Construtora Tenda S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Yatirim Holding AS
IS:GLYHO
|
$668.23 Million |
|
Jiangsu Lianfa Textile Co Ltd
SHE:002394
|
$668.36 Million |
|
QuinStreet Inc
NASDAQ:QNST
|
$669.11 Million |
|
Bravura Solutions Ltd
AU:BVS
|
$669.29 Million |
|
Alpha Hpa Ltd
AU:A4N
|
$667.75 Million |
|
Shenzhen Aoto Electronics Co Ltd
SHE:002587
|
$667.39 Million |
|
Brilliance Technology Co Ltd
SHE:300542
|
$667.13 Million |
|
MAS Financial Services Limited
NSE:MASFIN
|
$667.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Construtora Tenda S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 859,524,000 to 946,786,000, a change of 87,262,000 (10.2%).
- Net income of 106,413,000 contributed positively to equity growth.
- New share issuances of 13,979,000 increased equity.
- Other comprehensive income increased equity by 5,004,000.
- Other factors decreased equity by 38,134,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$106.41 Million | +11.24% |
| Share Issuances | R$13.98 Million | +1.48% |
| Other Comprehensive Income | R$5.00 Million | +0.53% |
| Other Changes | R$-38.13 Million | -4.03% |
| Total Change | R$- | 10.15% |
Book Value vs Market Value Analysis
This analysis compares Construtora Tenda 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: 3.82x
- 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 11.11x to 3.82x 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$2.53 | R$28.10 | x |
| 2005-12-31 | R$3.10 | R$28.10 | x |
| 2006-12-31 | R$3.95 | R$28.10 | x |
| 2007-12-31 | R$2.16 | R$28.10 | x |
| 2008-12-31 | R$6.07 | R$28.10 | x |
| 2009-12-31 | R$3.39 | R$28.10 | x |
| 2010-12-31 | R$8.51 | R$28.10 | x |
| 2011-12-31 | R$9.42 | R$28.10 | x |
| 2012-12-31 | R$8.34 | R$28.10 | x |
| 2013-12-31 | R$10.44 | R$28.10 | x |
| 2014-12-31 | R$9.80 | R$28.10 | x |
| 2015-12-31 | R$9.90 | R$28.10 | x |
| 2016-12-31 | R$9.09 | R$28.10 | x |
| 2017-12-31 | R$10.04 | R$28.10 | x |
| 2018-12-31 | R$10.70 | R$28.10 | x |
| 2019-12-31 | R$12.86 | R$28.10 | x |
| 2020-12-31 | R$14.39 | R$28.10 | x |
| 2021-12-31 | R$12.50 | R$28.10 | x |
| 2022-12-31 | R$7.34 | R$28.10 | x |
| 2023-12-31 | R$7.84 | R$28.10 | x |
| 2024-12-31 | R$7.35 | R$28.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Construtora Tenda 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): 11.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.24%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 5.65x
- Recent ROE (11.24%) is above the historical average (1.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 36.14% | 9.45% | 0.74x | 5.15x | R$3.08 Million |
| 2005 | 18.45% | 4.23% | 0.83x | 5.24x | R$1.22 Million |
| 2006 | 21.76% | 5.30% | 0.79x | 5.20x | R$2.16 Million |
| 2007 | -1.06% | -3.13% | 0.27x | 1.25x | R$-78.08 Million |
| 2008 | 10.34% | 34.34% | 0.09x | 3.44x | R$5.41 Million |
| 2009 | 25.20% | 9.43% | 1.35x | 1.98x | R$171.85 Million |
| 2010 | 4.39% | 6.12% | 0.44x | 1.63x | R$-105.43 Million |
| 2011 | -31.73% | -83.76% | 0.23x | 1.65x | R$-868.07 Million |
| 2012 | -6.71% | -11.56% | 0.32x | 1.79x | R$-307.78 Million |
| 2013 | -8.06% | -11.12% | 0.33x | 2.16x | R$-203.72 Million |
| 2014 | -13.38% | -24.84% | 0.27x | 2.01x | R$-247.49 Million |
| 2015 | 2.78% | 3.56% | 0.45x | 1.75x | R$-78.77 Million |
| 2016 | 5.40% | 5.38% | 0.57x | 1.77x | R$-48.26 Million |
| 2017 | 9.21% | 7.86% | 0.64x | 1.84x | R$-9.18 Million |
| 2018 | 16.72% | 11.91% | 0.64x | 2.19x | R$80.52 Million |
| 2019 | 19.51% | 13.51% | 0.56x | 2.58x | R$128.48 Million |
| 2020 | 13.20% | 8.78% | 0.54x | 2.79x | R$48.55 Million |
| 2021 | -15.91% | -7.54% | 0.57x | 3.69x | R$-311.82 Million |
| 2022 | -76.84% | -22.69% | 0.58x | 5.80x | R$-618.53 Million |
| 2023 | -11.15% | -3.30% | 0.64x | 5.29x | R$-181.80 Million |
| 2024 | 11.24% | 3.24% | 0.61x | 5.65x | R$11.73 Million |
Industry Comparison
This section compares Construtora Tenda 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: $979,908,200
- Average return on equity (ROE) among peers: 8.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Construtora Tenda S.A (TEND3) | R$1.24 Billion | 36.14% | 3.99x | $668.16 Million |
| Cury Construtora e Incorporadora S.A (CURY3) | $336.70 Million | 33.51% | 2.79x | $1.82 Billion |
| Direcional Engenharia S.A. (DIRR3) | $70.45 Million | 0.00% | 0.33x | $1.31 Billion |
| Even Construtora e Incorporadora S.A (EVEN3) | $1.99 Billion | -16.96% | 1.39x | $239.62 Million |
| EZTEC Empreendimentos e Participações S.A (EZTC3) | $4.54 Billion | 7.15% | 0.22x | $759.20 Million |
| JHSF Participações S.A. (JHSF3) | $880.23 Million | 17.18% | 0.83x | $1.65 Billion |
| MRV Engenharia e Participações S.A (MRVE3) | $4.37 Billion | 9.69% | 1.34x | $764.22 Million |
| PDG Realty S.A. Empreendimentos e Participações (PDGR3) | $-3.33 Billion | 0.00% | 0.00x | $1.03 Million |
| Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) | $410.24 Million | 32.59% | 2.95x | $405.71 Million |
| RNI Negócios Imobiliários S.A (RDNI3) | $461.15 Million | -42.01% | 3.17x | $17.72 Million |
| Tecnisa S.A (TCSA3) | $82.55 Million | 44.88% | 1.32x | $18.20 Million |
About Construtora Tenda S.A
Construtora Tenda S.A. operates as a construction company in Brazil. It engages in the execution and management of civil construction works; real estate development; purchase and sale of real estate and land; provision of civil construction management services; and intermediation of the sale of consortium shares. The company was founded in 1969 is headquartered in São Paulo, Brazil.