InCity Immobilien AG (IC8) - Net Assets
Based on the latest financial reports, InCity Immobilien AG (IC8) has net assets worth €76.53 Million EUR (≈ $89.47 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€157.48 Million ≈ $184.12 Million USD) and total liabilities (€80.95 Million ≈ $94.64 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 IC8 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €76.53 Million |
| % of Total Assets | 48.6% |
| Annual Growth Rate | 20.48% |
| 5-Year Change | -6.68% |
| 10-Year Change | 507.13% |
| Growth Volatility | 86.11 |
InCity Immobilien AG - Net Assets Trend (2006–2023)
This chart illustrates how InCity Immobilien AG's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of InCity Immobilien AG to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for InCity Immobilien AG (2006–2023)
The table below shows the annual net assets of InCity Immobilien AG from 2006 to 2023. For live valuation and market cap data, see IC8 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €78.22 Million ≈ $91.45 Million |
-7.18% |
| 2022-12-31 | €84.27 Million ≈ $98.52 Million |
-3.41% |
| 2021-12-31 | €87.25 Million ≈ $102.01 Million |
+1.17% |
| 2020-12-31 | €86.24 Million ≈ $100.82 Million |
+2.88% |
| 2019-12-31 | €83.82 Million ≈ $98.00 Million |
-2.20% |
| 2018-12-31 | €85.70 Million ≈ $100.20 Million |
-0.64% |
| 2017-12-31 | €86.25 Million ≈ $100.84 Million |
+44.92% |
| 2016-12-31 | €59.52 Million ≈ $69.58 Million |
+46.26% |
| 2015-12-31 | €40.69 Million ≈ $47.58 Million |
+215.85% |
| 2014-12-31 | €12.88 Million ≈ $15.06 Million |
-9.79% |
| 2013-12-31 | €14.28 Million ≈ $16.70 Million |
-14.95% |
| 2012-12-31 | €16.79 Million ≈ $19.63 Million |
-23.11% |
| 2011-12-31 | €21.84 Million ≈ $25.54 Million |
+221.21% |
| 2010-12-31 | €6.80 Million ≈ $7.95 Million |
-47.48% |
| 2009-12-31 | €12.95 Million ≈ $15.14 Million |
-12.70% |
| 2008-12-31 | €14.83 Million ≈ $17.34 Million |
+41.23% |
| 2007-12-31 | €10.50 Million ≈ $12.28 Million |
+218.60% |
| 2006-12-31 | €3.30 Million ≈ $3.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to InCity Immobilien 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 decreased by 1688.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €86.00 Million | 109.98% |
| Other Comprehensive Income | €11.24 Million | 14.38% |
| Total Equity | €78.19 Million | 100.00% |
InCity Immobilien AG Competitors by Market Cap
The table below lists competitors of InCity Immobilien AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nusa Konstruksi Enjiniring Tbk
JK:DGIK
|
$37.65 Million |
|
Metallic Minerals Corp
V:MMG
|
$37.66 Million |
|
Yuanta Securities Korea Co Ltd Preference Shares
KO:003475
|
$37.68 Million |
|
HUBLine Bhd
KLSE:7013
|
$37.69 Million |
|
VerticalScope Holdings Inc
TO:FORA
|
$37.65 Million |
|
Rhone Ma Holdings Bhd
KLSE:5278
|
$37.62 Million |
|
Gyeongnam Steel Co. Ltd
KQ:039240
|
$37.61 Million |
|
Goldbank Mining Corp
V:GLB
|
$37.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in InCity Immobilien AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 84,240,000 to 78,194,000, a change of -6,046,000 (-7.2%).
- Net loss of 18,948,000 reduced equity.
- Other factors increased equity by 12,902,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-18.95 Million | -24.23% |
| Other Changes | €12.90 Million | +16.5% |
| Total Change | €- | -7.18% |
Book Value vs Market Value Analysis
This analysis compares InCity Immobilien 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: 0.48x
- 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 0.34x to 0.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | €1.27 | €0.44 | x |
| 2007-12-31 | €4.12 | €0.44 | x |
| 2008-12-31 | €5.66 | €0.44 | x |
| 2009-12-31 | €4.38 | €0.44 | x |
| 2010-12-31 | €2.06 | €0.44 | x |
| 2011-12-31 | €2.63 | €0.44 | x |
| 2012-12-31 | €1.30 | €0.44 | x |
| 2013-12-31 | €1.14 | €0.44 | x |
| 2014-12-31 | €0.93 | €0.44 | x |
| 2015-12-31 | €0.95 | €0.44 | x |
| 2016-12-31 | €0.98 | €0.44 | x |
| 2017-12-31 | €1.00 | €0.44 | x |
| 2018-12-31 | €1.92 | €0.44 | x |
| 2019-12-31 | €0.97 | €0.44 | x |
| 2020-12-31 | €1.00 | €0.44 | x |
| 2021-12-31 | €1.01 | €0.44 | x |
| 2022-12-31 | €0.98 | €0.44 | x |
| 2023-12-31 | €0.90 | €0.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently InCity Immobilien 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): -24.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -52.11%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.02x
- Recent ROE (-24.23%) is below the historical average (-15.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 39.82% | 5.09% | 0.84x | 9.32x | €953.30K |
| 2007 | 28.63% | 5.29% | 0.96x | 5.63x | €1.92 Million |
| 2008 | 32.38% | 6.88% | 0.72x | 6.58x | €3.18 Million |
| 2009 | -39.02% | -13.79% | 0.22x | 13.14x | €-5.39 Million |
| 2010 | -210.00% | -25.21% | 1.17x | 7.14x | €-14.90 Million |
| 2011 | -22.34% | -35.01% | 0.25x | 2.51x | €-6.81 Million |
| 2012 | -27.70% | -61.83% | 0.12x | 3.86x | €-6.21 Million |
| 2013 | -13.77% | -14.73% | 0.20x | 4.71x | €-3.44 Million |
| 2014 | -33.39% | -11.01% | 0.44x | 6.85x | €-5.07 Million |
| 2015 | 0.52% | 0.46% | 0.44x | 2.55x | €-3.83 Million |
| 2016 | -0.39% | -0.91% | 0.22x | 1.98x | €-6.08 Million |
| 2017 | -2.67% | -26.76% | 0.06x | 1.68x | €-10.91 Million |
| 2018 | -0.52% | -4.14% | 0.06x | 1.98x | €-9.00 Million |
| 2019 | -2.25% | -20.71% | 0.05x | 2.23x | €-10.25 Million |
| 2020 | 2.81% | 20.78% | 0.06x | 2.12x | €-6.19 Million |
| 2021 | 1.17% | 13.05% | 0.04x | 2.00x | €-7.69 Million |
| 2022 | -3.40% | -34.55% | 0.05x | 2.18x | €-11.28 Million |
| 2023 | -24.23% | -52.11% | 0.23x | 2.02x | €-26.77 Million |
Industry Comparison
This section compares InCity Immobilien AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $17,032,786,444
- Average return on equity (ROE) among peers: -3.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| InCity Immobilien AG (IC8) | €76.53 Million | 39.82% | 1.06x | $37.65 Million |
| Grainger PLC (1U4) | $815.60 Million | 10.72% | 1.32x | $1.35 Billion |
| A-LIVING SM.CI.SV. H YC 1 (1V0) | $11.15 Billion | -29.58% | 0.82x | $337.61 Million |
| E-H.(CH)ENT. H. DL-00001 (1VC) | $-9.99 Million | 0.00% | 0.00x | $8.18 Million |
| RomReal Limited (3RR) | $21.67 Million | -12.13% | 0.56x | $8.39 Million |
| Red Star Macalline Group Corporation Ltd (3S5) | $55.14 Billion | -4.38% | 1.25x | $113.53 Million |
| SOHO China Limited (45S) | $35.65 Billion | 2.55% | 0.89x | $246.98 Million |
| CELLN.TELEC.UNSP.ADR/1/2 (4720) | $15.83 Billion | -2.29% | 1.64x | $17.56 Billion |
| SHIMAO SERV.HLDGS HD-01 (5GO) | $8.04 Billion | -3.39% | 0.62x | $154.26 Million |
| SUNAC SERVIC.HLDGS HD-01 (65D) | $5.32 Billion | -8.48% | 0.99x | $302.99 Million |
| COUNTRY GARDEN SVDL-0001 (75H) | $38.37 Billion | 10.51% | 0.74x | $2.17 Billion |
About InCity Immobilien AG
InCity Immobilien AG operates as a multi-disciplinary real estate company in the metropolitan regions of Germany. It primarily invests in commercial real estate comprising office and retail space, as well as residential units. The company's portfolio included seven properties in Berlin and Frankfurt am Main. It is also involved in the provision of asset management and project development services… Read more