TIM S.A.
TIM S.A. engages in the telecommunications sector in Brazil. It offers landline switched telephone services in local, national, and international long-distance modes, as well as personal mobile and multimedia communication services. The company is based in Rio de Janeiro, Brazil. TIM S.A. is a subsidiary of TIM Brasil Serviços e Participações S.A.
TIM S.A. (TIMS3) - Net Assets
Latest net assets as of December 2025: R$23.98 Billion BRL
Based on the latest financial reports, TIM S.A. (TIMS3) has net assets worth R$23.98 Billion BRL as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$56.94 Billion) and total liabilities (R$32.96 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$23.98 Billion |
| % of Total Assets | 42.11% |
| Annual Growth Rate | 13.85% |
| 5-Year Change | -4.5% |
| 10-Year Change | 39.5% |
| Growth Volatility | 39.89 |
TIM S.A. - Net Assets Trend (1998–2025)
This chart illustrates how TIM 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 TIM S.A. (1998–2025)
The table below shows the annual net assets of TIM S.A. from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$23.98 Billion | -9.19% |
| 2024-12-31 | R$26.40 Billion | +1.49% |
| 2023-12-31 | R$26.02 Billion | +2.44% |
| 2022-12-31 | R$25.40 Billion | +1.16% |
| 2021-12-31 | R$25.11 Billion | +8.30% |
| 2020-12-31 | R$23.18 Billion | +3.35% |
| 2019-12-31 | R$22.43 Billion | +13.32% |
| 2018-12-31 | R$19.79 Billion | +9.06% |
| 2017-12-31 | R$18.15 Billion | +5.61% |
| 2016-12-31 | R$17.19 Billion | +1.50% |
| 2015-12-31 | R$16.93 Billion | +10.51% |
| 2014-12-31 | R$15.32 Billion | +4.98% |
| 2013-12-31 | R$14.59 Billion | +5.51% |
| 2012-12-31 | R$13.83 Billion | +6.76% |
| 2011-12-31 | R$12.96 Billion | +25.78% |
| 2010-12-31 | R$10.30 Billion | +23.77% |
| 2009-12-31 | R$8.32 Billion | +6.83% |
| 2008-12-31 | R$7.79 Billion | +0.52% |
| 2007-12-31 | R$7.75 Billion | -1.49% |
| 2006-12-31 | R$7.87 Billion | +186.51% |
| 2005-12-31 | R$2.75 Billion | +13.75% |
| 2004-12-31 | R$2.41 Billion | +119.46% |
| 2003-12-31 | R$1.10 Billion | +9.47% |
| 2002-12-31 | R$1.00 Billion | +4.90% |
| 2001-12-31 | R$958.00 Million | +4.99% |
| 2000-12-31 | R$912.43 Million | +11.98% |
| 1999-12-31 | R$814.83 Million | +12.89% |
| 1998-12-31 | R$721.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TIM 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 4212.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$10.23 Billion | 42.65% |
| Common Stock | R$13.48 Billion | 56.21% |
| Other Comprehensive Income | R$10.58 Billion | 44.12% |
| Total Equity | R$23.98 Billion | 100.00% |
TIM S.A. Competitors by Market Cap
The table below lists competitors of TIM S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TIMS3F
SA:TIMS3F
|
$43.04K |
|
Pakistan Tobacco Company Ltd
KAR:PAKT
|
$43.05K |
|
Korea Cast Iron Pipe Industry Co. Ltd.
KQ:000970
|
$43.20K |
|
ZIJIN MINING -H- - Dusseldorf Stock Exchang
DU:FJZ
|
$43.20K |
|
Crixus BH3 Acquisition Company Warrants
PINK:BHACW
|
$42.97K |
|
ROBOSENSE TECHNOLOGY CO
NYSE:RBSTF
|
$42.94K |
|
PANNERGY PLC
BUD:PERGY
|
$42.89K |
|
Loungers PLC
LSE:LGRS
|
$42.89K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TIM S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,404,636,000 to 23,977,391,000, a change of -2,427,245,000 (-9.2%).
- Net income of 4,311,984,000 contributed positively to equity growth.
- Dividend payments of 5,360,083,000 reduced retained earnings.
- Share repurchases of 748,268,000 reduced equity.
- Other comprehensive income increased equity by 8,686,217,000.
- Other factors decreased equity by 9,317,095,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$4.31 Billion | +17.98% |
| Dividends Paid | R$5.36 Billion | -22.35% |
| Share Repurchases | R$748.27 Million | -3.12% |
| Other Comprehensive Income | R$8.69 Billion | +36.23% |
| Other Changes | R$-9.32 Billion | -38.86% |
| Total Change | R$- | -9.19% |
Book Value vs Market Value Analysis
This analysis compares TIM 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: 2.68x
- 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 15.35x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | R$1.73 | R$26.60 | x |
| 1999-12-31 | R$1.95 | R$26.60 | x |
| 2000-12-31 | R$2.30 | R$26.60 | x |
| 2001-12-31 | R$2.40 | R$26.60 | x |
| 2002-12-31 | R$2.46 | R$26.60 | x |
| 2003-12-31 | R$2.59 | R$26.60 | x |
| 2004-12-31 | R$2.88 | R$26.60 | x |
| 2005-12-31 | R$3.12 | R$26.60 | x |
| 2006-12-31 | R$3.38 | R$26.60 | x |
| 2007-12-31 | R$3.33 | R$26.60 | x |
| 2008-12-31 | R$3.32 | R$26.60 | x |
| 2009-12-31 | R$3.55 | R$26.60 | x |
| 2010-12-31 | R$4.16 | R$26.60 | x |
| 2011-12-31 | R$5.72 | R$26.60 | x |
| 2012-12-31 | R$5.72 | R$26.60 | x |
| 2013-12-31 | R$6.04 | R$26.60 | x |
| 2014-12-31 | R$6.33 | R$26.60 | x |
| 2015-12-31 | R$7.00 | R$26.60 | x |
| 2016-12-31 | R$7.10 | R$26.60 | x |
| 2017-12-31 | R$7.50 | R$26.60 | x |
| 2018-12-31 | R$8.18 | R$26.60 | x |
| 2019-12-31 | R$9.27 | R$26.60 | x |
| 2020-12-31 | R$9.58 | R$26.60 | x |
| 2021-12-31 | R$10.37 | R$26.60 | x |
| 2022-12-31 | R$10.49 | R$26.60 | x |
| 2023-12-31 | R$10.75 | R$26.60 | x |
| 2024-12-31 | R$10.91 | R$26.60 | x |
| 2025-12-31 | R$9.93 | R$26.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TIM 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): 17.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.20%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.37x
- Recent ROE (17.98%) is above the historical average (9.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 20.92% | 23.62% | 0.52x | 1.69x | R$62.50 Million |
| 1999 | 3.29% | 3.03% | 0.53x | 2.05x | R$-43.86 Million |
| 2000 | 2.00% | 2.14% | 0.49x | 1.90x | R$-61.63 Million |
| 2001 | 7.41% | 7.57% | 0.53x | 1.86x | R$-20.94 Million |
| 2002 | 7.78% | 7.38% | 0.54x | 1.95x | R$-18.76 Million |
| 2003 | 13.03% | 11.10% | 0.66x | 1.77x | R$27.99 Million |
| 2004 | 13.16% | 10.37% | 0.71x | 1.78x | R$63.88 Million |
| 2005 | 14.54% | 13.68% | 0.67x | 1.60x | R$124.61 Million |
| 2006 | -3.83% | -2.98% | 0.71x | 1.80x | R$-1.09 Billion |
| 2007 | 0.98% | 0.61% | 0.86x | 1.88x | R$-698.90 Million |
| 2008 | 2.31% | 1.38% | 0.81x | 2.08x | R$-598.89 Million |
| 2009 | 2.58% | 1.64% | 0.75x | 2.10x | R$-617.38 Million |
| 2010 | 21.47% | 15.30% | 0.75x | 1.88x | R$1.18 Billion |
| 2011 | 9.89% | 7.50% | 0.73x | 1.81x | R$-14.45 Million |
| 2012 | 10.47% | 7.72% | 0.72x | 1.88x | R$65.60 Million |
| 2013 | 10.32% | 7.56% | 0.71x | 1.93x | R$46.15 Million |
| 2014 | 10.09% | 7.93% | 0.60x | 2.13x | R$14.22 Million |
| 2015 | 12.23% | 12.08% | 0.48x | 2.09x | R$377.84 Million |
| 2016 | 4.37% | 4.81% | 0.45x | 2.02x | R$-968.32 Million |
| 2017 | 6.80% | 7.60% | 0.50x | 1.80x | R$-580.61 Million |
| 2018 | 12.86% | 14.99% | 0.53x | 1.61x | R$565.62 Million |
| 2019 | 16.15% | 20.84% | 0.43x | 1.80x | R$1.38 Billion |
| 2020 | 7.89% | 10.59% | 0.41x | 1.80x | R$-490.02 Million |
| 2021 | 11.78% | 16.38% | 0.36x | 1.98x | R$446.46 Million |
| 2022 | 6.58% | 7.76% | 0.38x | 2.22x | R$-868.98 Million |
| 2023 | 10.91% | 11.90% | 0.43x | 2.12x | R$235.83 Million |
| 2024 | 11.94% | 12.39% | 0.45x | 2.13x | R$513.42 Million |
| 2025 | 17.98% | 16.20% | 0.47x | 2.37x | R$1.91 Billion |
Industry Comparison
This section compares TIM S.A.'s net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,046,812,111
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TIM S.A. (TIMS3) | R$23.98 Billion | 20.92% | 1.37x | $42.98K |
| Atom Empreendimentos e Participações S.A (ATOM3) | $-20.33 Million | 0.00% | 0.00x | $5.10 Million |
| Brisanet Participacoes SA (BRIT3) | $127.20 Million | 22.90% | 7.01x | $46.28 Million |
| BRISANET ON NM (BRST3) | $1.52 Billion | 4.00% | 1.65x | $41.01 Million |
| Desktop - Sigmanet Comunicação Multimídia S.A. (DESK3) | $1.28 Billion | 7.97% | 1.54x | $71.45 Million |
| DTCOM - Direct to Company S.A (DTCY3) | $3.72 Million | -35.03% | 3.35x | $765.33K |
| Fictor Alimentos S.A. (FICT3) | $5.08 Million | 41.59% | 2.15x | $470.31K |
| Unifique Telecomunicações S.A. (FIQE3) | $33.76 Million | 42.28% | 1.01x | $87.71 Million |
| Livetech da Bahia Industria (LVTC3) | $635.11 Million | -1.87% | 1.13x | $11.09 Million |
| Oi S.A (OIBR3) | $5.83 Billion | 9.64% | 0.29x | $9.03 Million |