IRCE S.p.A
IRCE S.p.A. engages in the manufacturing and selling of winding wires and electrical cables in Italy, rest of European Union, and internationally. The company offers winding wires used in electric motors, generators, transformers, compressors, inductors, relays, solenoid valves, etc. It also provides low and medium voltage building and industrial cables, data cables, and power cords with plugs fo… Read more
IRCE S.p.A (IRQ) - Net Assets
Latest net assets as of September 2025: €156.02 Million EUR
Based on the latest financial reports, IRCE S.p.A (IRQ) has net assets worth €156.02 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€284.13 Million) and total liabilities (€128.12 Million). 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 | €156.02 Million |
| % of Total Assets | 54.91% |
| Annual Growth Rate | 1.13% |
| 5-Year Change | 22.83% |
| 10-Year Change | 15.12% |
| Growth Volatility | 5.16 |
IRCE S.p.A - Net Assets Trend (2013–2024)
This chart illustrates how IRCE S.p.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 IRCE S.p.A (2013–2024)
The table below shows the annual net assets of IRCE S.p.A from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €150.62 Million | -1.77% |
| 2023-12-31 | €153.33 Million | +5.90% |
| 2022-12-31 | €144.78 Million | +9.72% |
| 2021-12-31 | €131.96 Million | +7.62% |
| 2020-12-31 | €122.62 Million | -6.75% |
| 2019-12-31 | €131.50 Million | +0.16% |
| 2018-12-31 | €131.30 Million | -0.83% |
| 2017-12-31 | €132.40 Million | -3.52% |
| 2016-12-31 | €137.24 Million | +4.89% |
| 2015-12-31 | €130.83 Million | -5.00% |
| 2014-12-31 | €137.72 Million | +3.52% |
| 2013-12-31 | €133.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IRCE S.p.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 84.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.90 Million | 4.57% |
| Other Components | €144.02 Million | 95.43% |
| Total Equity | €150.92 Million | 100.00% |
IRCE S.p.A Competitors by Market Cap
The table below lists competitors of IRCE S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yulho Co. Ltd
KQ:072770
|
$24.10 Million |
|
Ymc Co. Ltd
KQ:155650
|
$24.10 Million |
|
NevGold Corp
OTCQX:NAUFF
|
$24.10 Million |
|
Is Yatirim Ortakligi AS
IS:ISYAT
|
$24.11 Million |
|
LSL Pharma Group Inc.
V:LSL
|
$24.09 Million |
|
M&F Bancorp Inc
PINK:MFBP
|
$24.09 Million |
|
MAGURO GROUP PUBLIC COMPANY LIMITED
BK:MAGURO
|
$24.09 Million |
|
SJ Group Co. Ltd
KQ:306040
|
$24.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRCE S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 153,649,000 to 150,924,000, a change of -2,725,000 (-1.8%).
- Net income of 6,900,000 contributed positively to equity growth.
- Dividend payments of 1,588,000 reduced retained earnings.
- Other factors decreased equity by 8,037,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.90 Million | +4.57% |
| Dividends Paid | €1.59 Million | -1.05% |
| Other Changes | €-8.04 Million | -5.33% |
| Total Change | €- | -1.77% |
Book Value vs Market Value Analysis
This analysis compares IRCE S.p.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: 0.33x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.97 | €1.90 | x |
| 2018-12-31 | €4.95 | €1.90 | x |
| 2019-12-31 | €4.96 | €1.90 | x |
| 2020-12-31 | €4.62 | €1.90 | x |
| 2021-12-31 | €4.98 | €1.90 | x |
| 2022-12-31 | €5.47 | €1.90 | x |
| 2023-12-31 | €5.80 | €1.90 | x |
| 2024-12-31 | €5.71 | €1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IRCE S.p.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): 4.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.73%
- • Asset Turnover: 1.55x
- • Equity Multiplier: 1.70x
- Recent ROE (4.57%) is above the historical average (3.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.08% | 0.03% | 1.52x | 1.78x | €-13.17 Million |
| 2014 | 2.76% | 1.08% | 1.41x | 1.81x | €-9.95 Million |
| 2015 | 2.26% | 0.84% | 1.61x | 1.66x | €-10.11 Million |
| 2016 | 0.04% | 0.02% | 1.32x | 1.64x | €-13.64 Million |
| 2017 | 3.53% | 1.31% | 1.49x | 1.81x | €-8.59 Million |
| 2018 | 4.46% | 1.65% | 1.53x | 1.77x | €-7.29 Million |
| 2019 | 1.47% | 0.62% | 1.48x | 1.60x | €-11.24 Million |
| 2020 | 2.22% | 0.92% | 1.41x | 1.70x | €-9.57 Million |
| 2021 | 7.09% | 2.05% | 1.78x | 1.94x | €-3.85 Million |
| 2022 | 6.36% | 2.01% | 1.83x | 1.73x | €-5.29 Million |
| 2023 | 5.35% | 2.04% | 1.66x | 1.59x | €-7.14 Million |
| 2024 | 4.57% | 1.73% | 1.55x | 1.70x | €-8.19 Million |
Industry Comparison
This section compares IRCE S.p.A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $10,833,924,100
- Average return on equity (ROE) among peers: -5.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IRCE S.p.A (IRQ) | €156.02 Million | 0.08% | 0.82x | $24.10 Million |
| Leoch International Technology Limited (0LT) | $3.27 Billion | 4.05% | 1.65x | $20.63 Million |
| AB Fagerhult (2F0) | $1.63 Billion | 23.41% | 1.96x | $216.55 Million |
| VPower Group International Holdings Limited (2V3) | $3.14 Billion | -10.09% | 1.84x | $15.64 Million |
| Plejd AB (publ) (3CA) | $727.69 Million | 24.77% | 0.45x | $464.11 Million |
| AQ Group AB (publ) (7AQ0) | $3.76 Billion | 16.80% | 0.58x | $1.01 Billion |
| Prysmian SpA (AEU) | $1.51 Billion | 14.20% | 3.15x | $28.75 Billion |
| Compleo Charging Solutions AG (C0M) | $3.95 Million | -65.34% | 2.17x | $303.00K |
| FRIWO AG (CEA) | $13.14 Million | 16.56% | 2.38x | $7.87 Million |
| Exosens (H8Y) | $172.11 Million | -86.55% | 1.68x | $1.82 Billion |
| Hosiden Corporation (HOD) | $94.11 Billion | 11.38% | 0.42x | $702.46 Million |