Trisul S.A
Trisul S.A. engages in the construction and development of real estate properties in Brazil. The company is involved in the subdivision of plots of land; and purchase and sale of properties. It also develops real estate projects with ownership interest of third parties. Trisul S.A. was founded in 2007 and is headquartered in São Paulo, Brazil.
Trisul S.A (TRIS3) - Net Assets
Latest net assets as of September 2025: R$1.62 Billion BRL
Based on the latest financial reports, Trisul S.A (TRIS3) has net assets worth R$1.62 Billion 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$3.50 Billion) and total liabilities (R$1.88 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$1.62 Billion |
| % of Total Assets | 46.2% |
| Annual Growth Rate | 20.57% |
| 5-Year Change | 22.69% |
| 10-Year Change | 172.36% |
| Growth Volatility | 135.69 |
Trisul S.A - Net Assets Trend (2007–2024)
This chart illustrates how Trisul 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 Trisul S.A (2007–2024)
The table below shows the annual net assets of Trisul S.A from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$1.49 Billion | +6.97% |
| 2023-12-31 | R$1.39 Billion | +6.31% |
| 2022-12-31 | R$1.31 Billion | +2.93% |
| 2021-12-31 | R$1.27 Billion | +4.80% |
| 2020-12-31 | R$1.21 Billion | +10.96% |
| 2019-12-31 | R$1.09 Billion | +82.04% |
| 2018-12-31 | R$600.49 Million | +9.61% |
| 2017-12-31 | R$547.87 Million | +4.56% |
| 2016-12-31 | R$523.99 Million | -4.10% |
| 2015-12-31 | R$546.37 Million | -4.18% |
| 2014-12-31 | R$570.23 Million | -4.79% |
| 2013-12-31 | R$598.91 Million | +1.99% |
| 2012-12-31 | R$587.21 Million | -8.02% |
| 2011-12-31 | R$638.38 Million | +25.56% |
| 2010-12-31 | R$508.41 Million | +9.80% |
| 2009-12-31 | R$463.02 Million | +10.04% |
| 2008-12-31 | R$420.78 Million | +580.26% |
| 2007-12-31 | R$61.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trisul 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 3781.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$651.53 Million | 44.66% |
| Common Stock | R$866.08 Million | 59.36% |
| Other Comprehensive Income | R$-21.32 Million | -1.46% |
| Total Equity | R$1.46 Billion | 100.00% |
Trisul S.A Competitors by Market Cap
The table below lists competitors of Trisul S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cato Corporation
NYSE:CATO
|
$41.31 Million |
|
BIOTON S.A. ZY 20
F:7U5
|
$41.31 Million |
|
Maywufa Co Ltd
TW:1731
|
$41.33 Million |
|
Nonthavej Hospital Public Company Limited
BK:NTV
|
$41.35 Million |
|
Innoprise Plantations Bhd
KLSE:6262
|
$41.30 Million |
|
GiG Software p.l.c.
F:K0W
|
$41.29 Million |
|
Intiland Development Tbk
JK:DILD
|
$41.29 Million |
|
InnoPharmax Inc.
TWO:4172
|
$41.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trisul S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,347,166,000 to 1,459,011,000, a change of 111,845,000 (8.3%).
- Net income of 171,556,000 contributed positively to equity growth.
- Dividend payments of 36,000,000 reduced retained earnings.
- Share repurchases of 12,388,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$171.56 Million | +11.76% |
| Dividends Paid | R$36.00 Million | -2.47% |
| Share Repurchases | R$12.39 Million | -0.85% |
| Other Changes | R$-11.32 Million | -0.78% |
| Total Change | R$- | 8.30% |
Book Value vs Market Value Analysis
This analysis compares Trisul 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: 0.73x
- 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 decreased from 2.18x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | R$2.72 | R$5.93 | x |
| 2008-12-31 | R$2.67 | R$5.93 | x |
| 2009-12-31 | R$3.10 | R$5.93 | x |
| 2010-12-31 | R$3.13 | R$5.93 | x |
| 2011-12-31 | R$2.83 | R$5.93 | x |
| 2012-12-31 | R$2.96 | R$5.93 | x |
| 2013-12-31 | R$3.10 | R$5.93 | x |
| 2014-12-31 | R$3.25 | R$5.93 | x |
| 2015-12-31 | R$3.44 | R$5.93 | x |
| 2016-12-31 | R$3.45 | R$5.93 | x |
| 2017-12-31 | R$7.11 | R$5.93 | x |
| 2018-12-31 | R$3.84 | R$5.93 | x |
| 2019-12-31 | R$6.69 | R$5.93 | x |
| 2020-12-31 | R$6.23 | R$5.93 | x |
| 2021-12-31 | R$6.61 | R$5.93 | x |
| 2022-12-31 | R$6.93 | R$5.93 | x |
| 2023-12-31 | R$7.40 | R$5.93 | x |
| 2024-12-31 | R$8.12 | R$5.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trisul S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.74%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.09x
- Recent ROE (11.76%) is above the historical average (6.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 4.94% | 12.31% | 0.24x | 1.68x | R$-22.56 Million |
| 2008 | 2.09% | 2.79% | 0.35x | 2.15x | R$-33.30 Million |
| 2009 | 11.11% | 9.17% | 0.52x | 2.34x | R$5.15 Million |
| 2010 | 7.95% | 5.09% | 0.44x | 3.58x | R$-10.31 Million |
| 2011 | -8.32% | -4.93% | 0.43x | 3.96x | R$-84.83 Million |
| 2012 | 5.61% | 4.05% | 0.41x | 3.40x | R$-21.37 Million |
| 2013 | 6.03% | 5.91% | 0.42x | 2.43x | R$-20.19 Million |
| 2014 | 3.94% | 5.46% | 0.34x | 2.15x | R$-31.04 Million |
| 2015 | 3.75% | 5.04% | 0.40x | 1.88x | R$-31.89 Million |
| 2016 | 0.51% | 0.86% | 0.35x | 1.73x | R$-47.82 Million |
| 2017 | 6.70% | 7.92% | 0.47x | 1.80x | R$-17.21 Million |
| 2018 | 12.83% | 13.19% | 0.50x | 1.94x | R$15.87 Million |
| 2019 | 13.40% | 17.54% | 0.44x | 1.72x | R$35.57 Million |
| 2020 | 14.65% | 19.35% | 0.40x | 1.87x | R$53.99 Million |
| 2021 | 9.87% | 15.57% | 0.33x | 1.92x | R$-1.56 Million |
| 2022 | 5.38% | 8.93% | 0.30x | 2.04x | R$-58.24 Million |
| 2023 | 9.20% | 11.84% | 0.38x | 2.05x | R$-10.84 Million |
| 2024 | 11.76% | 12.74% | 0.44x | 2.09x | R$25.65 Million |
Industry Comparison
This section compares Trisul S.A's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,678,911,500
- Average return on equity (ROE) among peers: -518.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trisul S.A (TRIS3) | R$1.62 Billion | 4.94% | 1.16x | $41.31 Million |
| Allos S.A. (ALOS3) | $1.67 Billion | 12.73% | 0.40x | $1.56 Billion |
| Helbor Empreendimentos S.A (HBOR3) | $1.78 Billion | 11.85% | 1.84x | $28.87 Million |
| HBR Realty Empreendimentos Imobiliários S.A (HBRE3) | $717.58 Million | 11.59% | 0.96x | $22.45 Million |
| Jereissati Participações S.A. (IGTI11) | $4.18 Billion | 7.29% | 0.88x | $1.39 Billion |
| Iguatemi S.A. (IGTI4) | $4.31 Billion | 9.28% | 0.97x | $334.54 Million |
| João Fortes Engenharia S.A. (JFEN3) | $972.09 Million | -27.48% | 2.13x | $1.53 Million |
| Lavvi Empreendimentos Imobiliários S.A (LAVV3) | $115.52 Million | 38.29% | 2.17x | $98.19 Million |
| LOG Commercial Properties e Participações S.A (LOGG3) | $2.95 Billion | 3.05% | 0.35x | $216.64 Million |
| LPS Brasil - Consultoria de Imóveis S.A (LPSB3) | $1.30 Million | -5141.71% | 222.39x | $20.57 Million |
| Moura Dubeux Engenharia S.A (MDNE3) | $90.26 Million | -106.72% | 23.84x | $254.94 Million |