Vulcabras Azaleia S.A (VULC3) - Net Assets
Based on the latest financial reports, Vulcabras Azaleia S.A (VULC3) has net assets worth R$2.43 Billion BRL (≈ $476.29 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$3.88 Billion ≈ $761.13 Million USD) and total liabilities (R$1.45 Billion ≈ $284.84 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 VULC3 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$2.43 Billion |
| % of Total Assets | 62.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | 78.93% |
| 10-Year Change | 4580.3% |
| Growth Volatility | 829.12 |
Vulcabras Azaleia S.A - Net Assets Trend (2000–2025)
This chart illustrates how Vulcabras Azaleia S.A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Vulcabras Azaleia S.A for the complete picture of this company's asset base.
Annual Net Assets for Vulcabras Azaleia S.A (2000–2025)
The table below shows the annual net assets of Vulcabras Azaleia S.A from 2000 to 2025. For live valuation and market cap data, see market cap of Vulcabras Azaleia S.A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$2.43 Billion ≈ $476.29 Million |
+15.02% |
| 2024-12-31 | R$2.11 Billion ≈ $414.09 Million |
+5.77% |
| 2023-12-31 | R$2.00 Billion ≈ $391.51 Million |
+16.56% |
| 2022-12-31 | R$1.71 Billion ≈ $335.89 Million |
+26.19% |
| 2021-12-31 | R$1.36 Billion ≈ $266.18 Million |
+20.54% |
| 2020-12-31 | R$1.13 Billion ≈ $220.82 Million |
+3.49% |
| 2019-12-31 | R$1.09 Billion ≈ $213.37 Million |
+15.50% |
| 2018-12-31 | R$941.46 Million ≈ $184.73 Million |
+20.00% |
| 2017-12-31 | R$784.57 Million ≈ $153.95 Million |
+1412.78% |
| 2016-12-31 | R$51.86 Million ≈ $10.18 Million |
+45.06% |
| 2015-12-31 | R$35.75 Million ≈ $7.02 Million |
-41.40% |
| 2014-12-31 | R$61.01 Million ≈ $11.97 Million |
-54.29% |
| 2013-12-31 | R$133.47 Million ≈ $26.19 Million |
+2262.79% |
| 2012-12-31 | R$5.65 Million ≈ $1.11 Million |
-97.35% |
| 2011-12-31 | R$213.03 Million ≈ $41.80 Million |
-59.77% |
| 2010-12-31 | R$529.52 Million ≈ $103.90 Million |
+20.96% |
| 2009-12-31 | R$437.75 Million ≈ $85.90 Million |
+12.33% |
| 2008-12-31 | R$389.69 Million ≈ $76.46 Million |
+78.47% |
| 2007-12-31 | R$218.35 Million ≈ $42.84 Million |
+16.07% |
| 2006-12-31 | R$188.13 Million ≈ $36.91 Million |
+62.07% |
| 2005-12-31 | R$116.07 Million ≈ $22.78 Million |
+139.68% |
| 2004-12-31 | R$48.43 Million ≈ $9.50 Million |
+3203.41% |
| 2003-12-31 | R$1.47 Million ≈ $287.66K |
+104.82% |
| 2002-12-31 | R$-30.44 Million ≈ $-5.97 Million |
-165.40% |
| 2001-12-31 | R$-11.47 Million ≈ $-2.25 Million |
+61.53% |
| 2000-12-31 | R$-29.82 Million ≈ $-5.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vulcabras Azaleia 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$1.58 Billion | 64.90% |
| Other Comprehensive Income | R$851.81 Million | 35.10% |
| Total Equity | R$2.43 Billion | 100.00% |
Vulcabras Azaleia S.A Competitors by Market Cap
The table below lists competitors of Vulcabras Azaleia S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangxi Liuzhou Pharm Co Ltd
SHG:603368
|
$973.00 Million |
|
SmartStop Self Storage REIT, Inc.
NYSE:SMA
|
$973.11 Million |
|
Guangdong Hongtu Technology Holdings Co Ltd
SHE:002101
|
$973.16 Million |
|
Shenzhen Jiang and Associates Creative Design Co Ltd
SHE:300668
|
$973.96 Million |
|
Suning Universal Co Ltd
SHE:000718
|
$972.50 Million |
|
Hbt Financial Inc
NASDAQ:HBT
|
$972.40 Million |
|
Shanghai Hajime Advanced Material Technology Co. Ltd.
SHE:301000
|
$972.39 Million |
|
MA Financial Group Ltd
AU:MAF
|
$972.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vulcabras Azaleia S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,109,976,000 to 2,427,005,000, a change of 317,029,000 (15.0%).
- Net income of 1,165,321,000 contributed positively to equity growth.
- Dividend payments of 978,645,000 reduced retained earnings.
- Share repurchases of 11,537,000 reduced equity.
- New share issuances of 4,409,000 increased equity.
- Other comprehensive income increased equity by 808,607,000.
- Other factors decreased equity by 671,126,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.17 Billion | +48.01% |
| Dividends Paid | R$978.64 Million | -40.32% |
| Share Repurchases | R$11.54 Million | -0.48% |
| Share Issuances | R$4.41 Million | +0.18% |
| Other Comprehensive Income | R$808.61 Million | +33.32% |
| Other Changes | R$-671.13 Million | -27.65% |
| Total Change | R$- | 15.03% |
Book Value vs Market Value Analysis
This analysis compares Vulcabras Azaleia 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: 1.78x
- 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 5.87x to 1.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | R$2.69 | R$15.78 | x |
| 2007-12-31 | R$3.12 | R$15.78 | x |
| 2008-12-31 | R$5.57 | R$15.78 | x |
| 2009-12-31 | R$6.25 | R$15.78 | x |
| 2010-12-31 | R$7.56 | R$15.78 | x |
| 2011-12-31 | R$3.04 | R$15.78 | x |
| 2012-12-31 | R$-1.35 | R$15.78 | x |
| 2013-12-31 | R$1.13 | R$15.78 | x |
| 2014-12-31 | R$0.33 | R$15.78 | x |
| 2015-12-31 | R$0.19 | R$15.78 | x |
| 2016-12-31 | R$0.28 | R$15.78 | x |
| 2017-12-31 | R$3.99 | R$15.78 | x |
| 2018-12-31 | R$3.82 | R$15.78 | x |
| 2019-12-31 | R$4.34 | R$15.78 | x |
| 2020-12-31 | R$4.48 | R$15.78 | x |
| 2021-12-31 | R$5.38 | R$15.78 | x |
| 2022-12-31 | R$6.85 | R$15.78 | x |
| 2023-12-31 | R$8.08 | R$15.78 | x |
| 2024-12-31 | R$7.80 | R$15.78 | x |
| 2025-12-31 | R$8.86 | R$15.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vulcabras Azaleia S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 48.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.73%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.60x
- Recent ROE (48.01%) is above the historical average (-4.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.58% | 0.09% | 1.21x | 5.55x | R$-4.56 Million |
| 2005 | 11.95% | 4.01% | 1.08x | 2.76x | R$2.26 Million |
| 2006 | 16.32% | 6.91% | 1.01x | 2.33x | R$11.90 Million |
| 2007 | -5.59% | -1.23% | 0.72x | 6.36x | R$-34.05 Million |
| 2008 | 44.44% | 10.63% | 1.13x | 3.70x | R$134.22 Million |
| 2009 | 31.28% | 8.57% | 1.00x | 3.66x | R$93.11 Million |
| 2010 | 22.86% | 6.20% | 1.21x | 3.05x | R$68.07 Million |
| 2011 | -148.42% | -20.66% | 0.99x | 7.26x | R$-337.28 Million |
| 2012 | 0.00% | -20.77% | 1.08x | 0.00x | R$-298.53 Million |
| 2013 | -95.04% | -9.55% | 1.05x | 9.51x | R$-140.01 Million |
| 2014 | -119.75% | -5.75% | 1.00x | 20.91x | R$-78.88 Million |
| 2015 | -140.65% | -5.17% | 0.78x | 34.86x | R$-53.47 Million |
| 2016 | 69.12% | 3.15% | 1.05x | 20.89x | R$30.53 Million |
| 2017 | 24.09% | 14.96% | 1.13x | 1.43x | R$110.48 Million |
| 2018 | 16.16% | 12.18% | 0.94x | 1.41x | R$58.00 Million |
| 2019 | 13.16% | 10.52% | 1.00x | 1.25x | R$34.35 Million |
| 2020 | 2.81% | 2.68% | 0.70x | 1.49x | R$-80.92 Million |
| 2021 | 23.14% | 16.81% | 0.94x | 1.47x | R$178.21 Million |
| 2022 | 27.46% | 18.52% | 1.01x | 1.47x | R$298.75 Million |
| 2023 | 24.81% | 17.56% | 1.02x | 1.39x | R$295.39 Million |
| 2024 | 27.01% | 18.69% | 1.02x | 1.42x | R$358.88 Million |
| 2025 | 48.01% | 32.73% | 0.92x | 1.60x | R$922.62 Million |
Industry Comparison
This section compares Vulcabras Azaleia S.A's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $2,499,712,500
- Average return on equity (ROE) among peers: 17.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vulcabras Azaleia S.A (VULC3) | R$2.43 Billion | 0.58% | 0.60x | $972.59 Million |
| Alpargatas S.A (ALPA3) | $3.32 Billion | 17.11% | 0.83x | $739.46 Million |
| Grendene S.A (GRND3) | $1.68 Billion | 18.65% | 0.19x | $775.35 Million |
About Vulcabras Azaleia S.A
Vulcabras S.A., together with its subsidiaries, engages in the production and sale of synthetic footwear products in Brazil and internationally. The company provides sports-oriented clothing products, footwear, and accessories. It also offers safety boots for hospital workers, mining companies, steelmakers, agribusiness, civil construction, and other sectors. The company markets its products thro… Read more