Rigsave S.P.A. (H68) - Net Assets
Based on the latest financial reports, Rigsave S.P.A. (H68) has net assets worth €22.35 Million EUR (≈ $26.12 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€74.28 Million ≈ $86.84 Million USD) and total liabilities (€51.93 Million ≈ $60.72 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. See net asset quality index of Rigsave S.P.A. to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €22.35 Million |
| % of Total Assets | 30.08% |
| Annual Growth Rate | -20.73% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.07 |
Rigsave S.P.A. - Net Assets Trend (2022–2024)
This chart illustrates how Rigsave S.P.A.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see H68 market cap.
Annual Net Assets for Rigsave S.P.A. (2022–2024)
The table below shows the annual net assets of Rigsave S.P.A. from 2022 to 2024. Also explore Rigsave S.P.A. annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €21.01 Million ≈ $24.56 Million |
-41.94% |
| 2023-12-31 | €36.19 Million ≈ $42.30 Million |
+8.19% |
| 2022-12-31 | €33.44 Million ≈ $39.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rigsave 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 21505700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €22.10 Million | 105.19% |
| Total Equity | €21.01 Million | 100.00% |
Rigsave S.P.A. Competitors by Market Cap
The table below lists competitors of Rigsave S.P.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vessel Co. Ltd
KQ:177350
|
$10.21 Million |
|
Livium Ltd
AU:LIT
|
$10.22 Million |
|
Great Divide Mining Ltd
AU:GDM
|
$10.23 Million |
|
Poxel SA
PA:POXEL
|
$10.23 Million |
|
Ebang International Holdings
NASDAQ:EBON
|
$10.21 Million |
|
Skyline Investment S.A.
WAR:SKL
|
$10.20 Million |
|
Ucloudlink Group Inc
NASDAQ:UCL
|
$10.20 Million |
|
ECOUP OYJ EO 1
F:62H
|
$10.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rigsave S.P.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,185,302 to 21,008,905, a change of -15,176,397 (-41.9%).
- Net income of 71,669 contributed positively to equity growth.
- Other factors decreased equity by 15,248,066.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €71.67K | +0.34% |
| Other Changes | €-15.25 Million | -72.58% |
| Total Change | €- | -41.94% |
Book Value vs Market Value Analysis
This analysis compares Rigsave 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: 0.35x
- 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 increased from 0.22x to 0.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €12.90 | €2.83 | x |
| 2023-12-31 | €13.96 | €2.83 | x |
| 2024-12-31 | €8.10 | €2.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rigsave 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): 0.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.59%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 3.52x
- Recent ROE (0.34%) is above the historical average (-0.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -1.31% | -43.25% | 0.02x | 1.37x | €-3.78 Million |
| 2023 | -0.79% | -88.20% | 0.01x | 1.35x | €-3.91 Million |
| 2024 | 0.34% | 14.59% | 0.01x | 3.52x | €-2.03 Million |
Industry Comparison
This section compares Rigsave S.P.A.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rigsave S.P.A. (H68) | €22.35 Million | -1.31% | 2.32x | $10.21 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About Rigsave S.P.A.
Rigsave S.P.A., through its subsidiaries, engages in the provision of various financial services. The company was founded in 2014 and is based in Brescia, Italy.