Tulikivi Corporation
Tulikivi Corporation manufactures and sells fireplaces, sauna heaters, and interior decoration products in Finland, the United States, and rest of Europe. The company offers heat-retaining soapstone and ceramic fireplaces, soapstone and ceramic fireplaces with bake oven, bake ovens and cookstoves, and convection fireplaces. It also offers senso fireplace controllers, pellet systems, and color fir… Read more
Tulikivi Corporation (TUZA) - Net Assets
Latest net assets as of September 2025: €17.60 Million EUR
Based on the latest financial reports, Tulikivi Corporation (TUZA) has net assets worth €17.60 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 (€36.70 Million) and total liabilities (€19.10 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 | €17.60 Million |
| % of Total Assets | 47.96% |
| Annual Growth Rate | -0.95% |
| 5-Year Change | 136.68% |
| 10-Year Change | 29.78% |
| Growth Volatility | 21.62 |
Tulikivi Corporation - Net Assets Trend (2013–2024)
This chart illustrates how Tulikivi Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tulikivi Corporation (2013–2024)
The table below shows the annual net assets of Tulikivi Corporation from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €18.70 Million | +3.12% |
| 2023-12-31 | €18.13 Million | +25.50% |
| 2022-12-31 | €14.45 Million | +50.92% |
| 2021-12-31 | €9.57 Million | +21.17% |
| 2020-12-31 | €7.90 Million | +2.38% |
| 2019-12-31 | €7.72 Million | -17.11% |
| 2018-12-31 | €9.31 Million | -16.58% |
| 2017-12-31 | €11.16 Million | -9.98% |
| 2016-12-31 | €12.40 Million | -13.96% |
| 2015-12-31 | €14.41 Million | -20.66% |
| 2014-12-31 | €18.16 Million | -12.60% |
| 2013-12-31 | €20.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tulikivi Corporation'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 545.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €20.00 Million | 106.95% |
| Total Equity | €18.70 Million | 100.00% |
Tulikivi Corporation Competitors by Market Cap
The table below lists competitors of Tulikivi Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hang Feng Technology Innovation Co., Ltd.
NASDAQ:FOFO
|
$11.30 Million |
|
ASIA ENERGY LOGIST.GR.SUB
F:EJ1C
|
$11.30 Million |
|
PT Hero Global Investment Tbk
JK:HGII
|
$11.30 Million |
|
Loyal Metals Ltd
AU:LLM
|
$11.30 Million |
|
HE Group Berhad
KLSE:0296
|
$11.28 Million |
|
Westell Technologies Inc
PINK:WSTL
|
$11.28 Million |
|
Computer And Technologies Holdings Limited
PINK:CXGEF
|
$11.28 Million |
|
Canadian Premium Sand Inc
PINK:CLMPF
|
$11.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tulikivi Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,134,000 to 18,700,000, a change of 566,000 (3.1%).
- Net income of 1,182,000 contributed positively to equity growth.
- Dividend payments of 584,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.18 Million | +6.32% |
| Dividends Paid | €584.00K | -3.12% |
| Other Changes | €-32.00K | -0.17% |
| Total Change | €- | 3.12% |
Book Value vs Market Value Analysis
This analysis compares Tulikivi Corporation'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: 1.50x
- 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 2.52x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.19 | €0.47 | x |
| 2018-12-31 | €0.16 | €0.47 | x |
| 2019-12-31 | €0.13 | €0.47 | x |
| 2020-12-31 | €0.13 | €0.47 | x |
| 2021-12-31 | €0.16 | €0.47 | x |
| 2022-12-31 | €0.24 | €0.47 | x |
| 2023-12-31 | €0.30 | €0.47 | x |
| 2024-12-31 | €0.31 | €0.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tulikivi Corporation 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): 6.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.55%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.96x
- Recent ROE (6.32%) is above the historical average (-4.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -21.20% | -10.04% | 0.80x | 2.63x | €-6.48 Million |
| 2014 | -14.50% | -6.65% | 0.84x | 2.60x | €-4.45 Million |
| 2015 | -26.93% | -11.95% | 0.82x | 2.73x | €-5.32 Million |
| 2016 | -17.20% | -6.99% | 0.81x | 3.02x | €-3.37 Million |
| 2017 | -11.12% | -4.24% | 0.80x | 3.28x | €-2.36 Million |
| 2018 | -19.29% | -6.28% | 0.83x | 3.72x | €-2.73 Million |
| 2019 | -21.29% | -5.73% | 0.84x | 4.41x | €-2.41 Million |
| 2020 | 3.00% | 0.81% | 0.89x | 4.13x | €-553.10K |
| 2021 | 17.28% | 4.93% | 0.99x | 3.52x | €696.60K |
| 2022 | 33.42% | 10.90% | 1.13x | 2.72x | €3.38 Million |
| 2023 | 20.76% | 8.31% | 1.17x | 2.13x | €1.95 Million |
| 2024 | 6.32% | 3.55% | 0.91x | 1.96x | €-688.00K |
Industry Comparison
This section compares Tulikivi Corporation's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $498,299,698
- Average return on equity (ROE) among peers: -10.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tulikivi Corporation (TUZA) | €17.60 Million | -21.20% | 1.09x | $11.29 Million |
| Zenergy AB (publ) (8T40) | $3.46 Million | -123.17% | 7.15x | $42.23K |
| CHINA GLASS HLDGS (C8G1) | $3.38 Billion | 21.80% | 2.07x | $187.21 Million |
| Centrotec SE (CEV) | $298.02 Million | 19.38% | 1.78x | $620.50 Million |
| Borgestad ASA (H460) | $755.84 Million | -10.36% | 0.86x | $8.86 Million |
| Natural Cool Holdings Limited (N7E) | $15.53 Million | 8.93% | 5.06x | $2.11 Million |
| STEULER FLIESENGRUPPE (NST) | $41.06 Million | -7.92% | 1.48x | $9.80 |
| E-Globe S.p.A. (NZ0) | $9.64 Million | -18.35% | 1.18x | $3.99K |
| Recticel SA/NV (RCZ) | $264.98 Million | 10.89% | 1.78x | $396.43 Million |
| Roy Ceramics AG (RY8) | $135.67 Million | -18.57% | 0.03x | $13.68K |
| InnoTec TSS AG (TSS) | $80.77 Million | 10.41% | 0.29x | $38.76 Million |