TOTVS S.A
TOTVS S.A. develops and sells management software, and productivity and collaboration platforms in Brazil and internationally. It offers an ERP platform, which integrates software management, social networks, real-time reporting, and other applications; business intelligence solutions comprising data integration; Fluig platform; and HR solutions, such as payroll, electronic point, social security… Read more
TOTVS S.A (TOTS3) - Net Assets
Latest net assets as of December 2025: R$5.44 Billion BRL
Based on the latest financial reports, TOTVS S.A (TOTS3) has net assets worth R$5.44 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$9.45 Billion) and total liabilities (R$4.01 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$5.44 Billion |
| % of Total Assets | 57.59% |
| Annual Growth Rate | 27.13% |
| 5-Year Change | 21.34% |
| 10-Year Change | 345.85% |
| Growth Volatility | 75.84 |
TOTVS S.A - Net Assets Trend (2002–2025)
This chart illustrates how TOTVS 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 TOTVS S.A (2002–2025)
The table below shows the annual net assets of TOTVS S.A from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$5.44 Billion | +9.15% |
| 2024-12-31 | R$4.99 Billion | -0.51% |
| 2023-12-31 | R$5.01 Billion | +9.33% |
| 2022-12-31 | R$4.58 Billion | +2.20% |
| 2021-12-31 | R$4.49 Billion | +72.26% |
| 2020-12-31 | R$2.60 Billion | +5.07% |
| 2019-12-31 | R$2.48 Billion | +92.39% |
| 2018-12-31 | R$1.29 Billion | +2.11% |
| 2017-12-31 | R$1.26 Billion | +3.33% |
| 2016-12-31 | R$1.22 Billion | -1.36% |
| 2015-12-31 | R$1.24 Billion | +10.70% |
| 2014-12-31 | R$1.12 Billion | +4.51% |
| 2013-12-31 | R$1.07 Billion | +17.16% |
| 2012-12-31 | R$913.15 Million | +21.77% |
| 2011-12-31 | R$749.87 Million | +18.73% |
| 2010-12-31 | R$631.58 Million | +16.52% |
| 2009-12-31 | R$542.02 Million | +18.03% |
| 2008-12-31 | R$459.22 Million | +28.31% |
| 2007-12-31 | R$357.90 Million | +2.20% |
| 2006-12-31 | R$350.20 Million | +357.96% |
| 2005-12-31 | R$76.47 Million | +140.39% |
| 2004-12-31 | R$31.81 Million | +19.00% |
| 2003-12-31 | R$26.73 Million | +22.66% |
| 2002-12-31 | R$21.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOTVS 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 18327.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$1.98 Billion | 38.71% |
| Common Stock | R$2.96 Billion | 58.03% |
| Other Comprehensive Income | R$471.22 Million | 9.23% |
| Total Equity | R$5.11 Billion | 100.00% |
TOTVS S.A Competitors by Market Cap
The table below lists competitors of TOTVS S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scotts Miracle-Gro Company
NYSE:SMG
|
$2.76 Billion |
|
Greif Inc
NYSE:GEF-B
|
$2.76 Billion |
|
Bank of Queensland Ltd
AU:BOQ
|
$2.76 Billion |
|
Billionbrains Garage Ventures Ltd
NSE:GROWW
|
$2.76 Billion |
|
Hindustan Zinc Limited
NSE:HINDZINC
|
$2.75 Billion |
|
CSSC Offshore & Marine Engineering Group Co Ltd
SHG:600685
|
$2.75 Billion |
|
Hawkins Inc
NASDAQ:HWKN
|
$2.75 Billion |
|
Zhonghang Electronic Measuring Instruments Co Ltd
SHE:300114
|
$2.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOTVS S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,681,352,000 to 5,105,280,000, a change of 423,928,000 (9.1%).
- Net income of 891,741,000 contributed positively to equity growth.
- Dividend payments of 357,783,000 reduced retained earnings.
- Other comprehensive income increased equity by 117,727,001.
- Other factors decreased equity by 227,757,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$891.74 Million | +17.47% |
| Dividends Paid | R$357.78 Million | -7.01% |
| Other Comprehensive Income | R$117.73 Million | +2.31% |
| Other Changes | R$-227.76 Million | -4.46% |
| Total Change | R$- | 9.06% |
Book Value vs Market Value Analysis
This analysis compares TOTVS 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: 4.05x
- 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 436.69x to 4.05x 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$0.08 | R$34.59 | x |
| 2005-12-31 | R$0.19 | R$34.59 | x |
| 2006-12-31 | R$0.87 | R$34.59 | x |
| 2007-12-31 | R$0.89 | R$34.59 | x |
| 2008-12-31 | R$0.97 | R$34.59 | x |
| 2009-12-31 | R$1.11 | R$34.59 | x |
| 2010-12-31 | R$1.25 | R$34.59 | x |
| 2011-12-31 | R$1.50 | R$34.59 | x |
| 2012-12-31 | R$1.83 | R$34.59 | x |
| 2013-12-31 | R$2.14 | R$34.59 | x |
| 2014-12-31 | R$2.25 | R$34.59 | x |
| 2015-12-31 | R$2.50 | R$34.59 | x |
| 2016-12-31 | R$2.48 | R$34.59 | x |
| 2017-12-31 | R$2.55 | R$34.59 | x |
| 2018-12-31 | R$2.60 | R$34.59 | x |
| 2019-12-31 | R$4.53 | R$34.59 | x |
| 2020-12-31 | R$4.53 | R$34.59 | x |
| 2021-12-31 | R$7.20 | R$34.59 | x |
| 2022-12-31 | R$7.00 | R$34.59 | x |
| 2023-12-31 | R$7.70 | R$34.59 | x |
| 2024-12-31 | R$7.74 | R$34.59 | x |
| 2025-12-31 | R$8.53 | R$34.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOTVS 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): 17.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.45%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.85x
- Recent ROE (17.47%) is above the historical average (16.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 32.40% | 7.26% | 2.32x | 1.93x | R$4.88 Million |
| 2003 | 30.09% | 7.22% | 2.46x | 1.70x | R$5.37 Million |
| 2004 | 30.77% | 6.71% | 2.53x | 1.82x | R$6.62 Million |
| 2005 | 20.12% | 6.99% | 1.84x | 1.57x | R$7.71 Million |
| 2006 | 3.16% | 3.16% | 0.83x | 1.21x | R$-23.89 Million |
| 2007 | 10.43% | 8.47% | 0.99x | 1.24x | R$1.52 Million |
| 2008 | 10.91% | 7.29% | 0.65x | 2.29x | R$4.14 Million |
| 2009 | 23.41% | 12.43% | 0.73x | 2.57x | R$70.39 Million |
| 2010 | 22.32% | 12.24% | 0.80x | 2.29x | R$76.28 Million |
| 2011 | 22.52% | 13.20% | 0.96x | 1.78x | R$93.92 Million |
| 2012 | 22.69% | 14.65% | 1.00x | 1.56x | R$115.83 Million |
| 2013 | 20.84% | 13.81% | 0.87x | 1.73x | R$115.75 Million |
| 2014 | 23.54% | 14.83% | 0.83x | 1.92x | R$151.16 Million |
| 2015 | 15.80% | 10.24% | 0.72x | 2.15x | R$71.76 Million |
| 2016 | 12.50% | 6.99% | 0.89x | 2.00x | R$30.54 Million |
| 2017 | 7.37% | 4.17% | 0.89x | 1.98x | R$-33.16 Million |
| 2018 | 4.63% | 2.82% | 0.88x | 1.86x | R$-69.16 Million |
| 2019 | 8.47% | 9.19% | 0.65x | 1.43x | R$-37.93 Million |
| 2020 | 11.33% | 11.36% | 0.50x | 1.98x | R$34.54 Million |
| 2021 | 8.71% | 12.38% | 0.30x | 2.35x | R$-54.80 Million |
| 2022 | 11.56% | 13.13% | 0.36x | 2.46x | R$67.27 Million |
| 2023 | 15.57% | 16.55% | 0.50x | 1.87x | R$262.76 Million |
| 2024 | 15.33% | 13.73% | 0.61x | 1.82x | R$249.38 Million |
| 2025 | 17.47% | 15.45% | 0.61x | 1.85x | R$381.21 Million |
Industry Comparison
This section compares TOTVS S.A's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $424,515,750
- Average return on equity (ROE) among peers: 1.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOTVS S.A (TOTS3) | R$5.44 Billion | 32.40% | 0.74x | $2.76 Billion |
| Allied Tecnologia S.A (ALLD3) | $970.12 Million | 10.37% | 2.28x | $33.22 Million |
| Neogrid Participações S.A (NGRD3) | $449.94 Million | 0.58% | 0.45x | $38.85 Million |
| GetNinjas S.A (NINJ3) | $278.76 Million | -5.68% | 0.07x | $38.41 Million |
| TC Traders Club Ltda (TRAD3) | $-759.00K | 0.00% | 0.00x | $6.03 Million |