Comet Holding AG
Comet Holding AG, together with its subsidiaries, provides X-ray and radio frequency (RF) power technology solutions in Europe, North America, Asia, and internationally. The company operates through three divisions: Plasma Control Technologies, X-Ray Systems, and Industrial X-Ray Modules. The Plasma Control Technologies division develops, manufactures, and markets vacuum capacitors, RF generators… Read more
Comet Holding AG (COTN) - Net Assets
Latest net assets as of June 2025: CHF308.14 Million CHF
Based on the latest financial reports, Comet Holding AG (COTN) has net assets worth CHF308.14 Million CHF as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF498.41 Million) and total liabilities (CHF190.26 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 | CHF308.14 Million |
| % of Total Assets | 61.83% |
| Annual Growth Rate | 7.87% |
| 5-Year Change | 51.4% |
| 10-Year Change | 100.63% |
| Growth Volatility | 13.74 |
Comet Holding AG - Net Assets Trend (2002–2024)
This chart illustrates how Comet Holding AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Comet Holding AG (2002–2024)
The table below shows the annual net assets of Comet Holding AG from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CHF325.44 Million | +9.91% |
| 2023-12-31 | CHF296.09 Million | -10.69% |
| 2022-12-31 | CHF331.53 Million | +20.57% |
| 2021-12-31 | CHF274.98 Million | +27.92% |
| 2020-12-31 | CHF214.96 Million | +9.70% |
| 2019-12-31 | CHF195.95 Million | -1.18% |
| 2018-12-31 | CHF198.29 Million | -1.62% |
| 2017-12-31 | CHF201.55 Million | +14.29% |
| 2016-12-31 | CHF176.34 Million | +8.72% |
| 2015-12-31 | CHF162.21 Million | +1.53% |
| 2014-12-31 | CHF159.77 Million | +15.90% |
| 2013-12-31 | CHF137.85 Million | +17.04% |
| 2012-12-31 | CHF117.79 Million | -1.27% |
| 2011-12-31 | CHF119.30 Million | +6.77% |
| 2010-12-31 | CHF111.73 Million | -0.57% |
| 2009-12-31 | CHF112.37 Million | -11.33% |
| 2008-12-31 | CHF126.73 Million | -1.94% |
| 2007-12-31 | CHF129.23 Million | +50.10% |
| 2006-12-31 | CHF86.09 Million | +1.73% |
| 2005-12-31 | CHF84.63 Million | +11.38% |
| 2004-12-31 | CHF75.98 Million | +25.44% |
| 2003-12-31 | CHF60.57 Million | -1.47% |
| 2002-12-31 | CHF61.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comet Holding AG'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 619.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF357.61 Million | 109.88% |
| Common Stock | CHF7.77 Million | 2.39% |
| Other Comprehensive Income | CHF-38.59 Million | -11.86% |
| Total Equity | CHF325.44 Million | 100.00% |
Comet Holding AG Competitors by Market Cap
The table below lists competitors of Comet Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
T&S Communications Co Ltd
SHE:300570
|
$2.20 Billion |
|
Vista Outdoor Inc
NYSE:VSTO
|
$2.20 Billion |
|
COL Digital Publishing Group Co Ltd
SHE:300364
|
$2.20 Billion |
|
SolarEdge Technologies Inc
NASDAQ:SEDG
|
$2.20 Billion |
|
EXOSENS PROM
PA:EXENS
|
$2.20 Billion |
|
Zhejiang Zheneng Electric Power Co Ltd
SHG:600023
|
$2.20 Billion |
|
PERPETUA RES CORP.
F:9MIB
|
$2.20 Billion |
|
Zhuzhou Smelter Group Co Ltd
SHG:600961
|
$2.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comet Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 296,092,000 to 325,438,000, a change of 29,346,000 (9.9%).
- Net income of 35,119,000 contributed positively to equity growth.
- Dividend payments of 7,772,000 reduced retained earnings.
- Share repurchases of 1,257,000 reduced equity.
- Other comprehensive income increased equity by 7,537,000.
- Other factors decreased equity by 4,281,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF35.12 Million | +10.79% |
| Dividends Paid | CHF7.77 Million | -2.39% |
| Share Repurchases | CHF1.26 Million | -0.39% |
| Other Comprehensive Income | CHF7.54 Million | +2.32% |
| Other Changes | CHF-4.28 Million | -1.32% |
| Total Change | CHF- | 9.91% |
Book Value vs Market Value Analysis
This analysis compares Comet Holding AG'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: 6.19x
- 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 20.43x to 6.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CHF12.69 | CHF259.20 | x |
| 2003-12-31 | CHF12.45 | CHF259.20 | x |
| 2004-12-31 | CHF14.13 | CHF259.20 | x |
| 2005-12-31 | CHF14.38 | CHF259.20 | x |
| 2006-12-31 | CHF14.45 | CHF259.20 | x |
| 2007-12-31 | CHF19.29 | CHF259.20 | x |
| 2008-12-31 | CHF16.92 | CHF259.20 | x |
| 2009-12-31 | CHF14.88 | CHF259.20 | x |
| 2010-12-31 | CHF14.75 | CHF259.20 | x |
| 2011-12-31 | CHF15.69 | CHF259.20 | x |
| 2012-12-31 | CHF15.63 | CHF259.20 | x |
| 2013-12-31 | CHF18.22 | CHF259.20 | x |
| 2014-12-31 | CHF20.72 | CHF259.20 | x |
| 2015-12-31 | CHF20.98 | CHF259.20 | x |
| 2016-12-31 | CHF22.78 | CHF259.20 | x |
| 2017-12-31 | CHF26.01 | CHF259.20 | x |
| 2018-12-31 | CHF25.56 | CHF259.20 | x |
| 2019-12-31 | CHF25.24 | CHF259.20 | x |
| 2020-12-31 | CHF27.68 | CHF259.20 | x |
| 2021-12-31 | CHF35.40 | CHF259.20 | x |
| 2022-12-31 | CHF42.66 | CHF259.20 | x |
| 2023-12-31 | CHF38.10 | CHF259.20 | x |
| 2024-12-31 | CHF41.90 | CHF259.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comet Holding AG 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): 10.79%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.89%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.63x
- Recent ROE (10.79%) is above the historical average (8.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.55% | 7.07% | 0.66x | 1.83x | CHF-889.40K |
| 2003 | 1.71% | 1.84% | 0.54x | 1.72x | CHF-5.02 Million |
| 2004 | 3.69% | 3.47% | 0.63x | 1.68x | CHF-4.80 Million |
| 2005 | 8.73% | 8.13% | 0.67x | 1.60x | CHF-1.07 Million |
| 2006 | 2.84% | 2.55% | 0.70x | 1.59x | CHF-6.16 Million |
| 2007 | 4.18% | 3.16% | 0.63x | 2.12x | CHF-7.52 Million |
| 2008 | 6.53% | 3.72% | 0.89x | 1.97x | CHF-4.40 Million |
| 2009 | -11.33% | -8.44% | 0.66x | 2.04x | CHF-23.97 Million |
| 2010 | 6.70% | 3.44% | 1.01x | 1.92x | CHF-3.68 Million |
| 2011 | 8.43% | 4.63% | 1.04x | 1.75x | CHF-1.87 Million |
| 2012 | 5.03% | 2.76% | 1.06x | 1.72x | CHF-5.85 Million |
| 2013 | 11.67% | 6.45% | 1.10x | 1.65x | CHF2.31 Million |
| 2014 | 16.45% | 9.13% | 1.17x | 1.54x | CHF10.30 Million |
| 2015 | 10.55% | 6.06% | 1.10x | 1.58x | CHF885.50K |
| 2016 | 15.50% | 8.22% | 0.96x | 1.96x | CHF9.70 Million |
| 2017 | 17.59% | 8.00% | 1.14x | 1.93x | CHF15.31 Million |
| 2018 | 6.19% | 2.81% | 1.15x | 1.92x | CHF-7.55 Million |
| 2019 | 6.14% | 3.24% | 0.95x | 2.00x | CHF-7.57 Million |
| 2020 | 12.87% | 6.99% | 0.90x | 2.05x | CHF6.17 Million |
| 2021 | 24.52% | 13.13% | 1.04x | 1.79x | CHF39.94 Million |
| 2022 | 23.56% | 13.32% | 1.03x | 1.72x | CHF44.96 Million |
| 2023 | 5.20% | 3.87% | 0.84x | 1.60x | CHF-14.22 Million |
| 2024 | 10.79% | 7.89% | 0.84x | 1.63x | CHF2.58 Million |
Industry Comparison
This section compares Comet Holding AG's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $51,165,000
- Average return on equity (ROE) among peers: 8.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comet Holding AG (COTN) | CHF308.14 Million | 8.55% | 0.62x | $2.20 Billion |
| Inficon Holding (IFCN) | $41.36 Million | 17.83% | 0.36x | $2.55 Billion |
| Sensirion Holding AG (SENS) | $60.97 Million | -1.26% | 1.89x | $776.75 Million |