Shelly Group SE
Shelly Group SE, together with its subsidiaries, engages in the internet of things business in Bulgaria, European Union, and internationally. The company is involved in the development, production, and sale of IoT devices and building automation solutions under the Shelly brand. It also offers subscriptions for cloud applications; and engages in real estate management activities. The company was … Read more
Shelly Group SE (SLYG) - Net Assets
Latest net assets as of September 2025: €181.55 Million EUR
Based on the latest financial reports, Shelly Group SE (SLYG) has net assets worth €181.55 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 (€220.95 Million) and total liabilities (€39.40 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 | €181.55 Million |
| % of Total Assets | 82.17% |
| Annual Growth Rate | 31.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.83 |
Shelly Group SE - Net Assets Trend (2021–2024)
This chart illustrates how Shelly Group SE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shelly Group SE (2021–2024)
The table below shows the annual net assets of Shelly Group SE from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €148.68 Million | +35.65% |
| 2023-12-31 | €109.60 Million | +38.61% |
| 2022-12-31 | €79.07 Million | +20.72% |
| 2021-12-31 | €65.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shelly Group SE'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 213.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €123.33 Million | 82.66% |
| Other Components | €25.87 Million | 17.34% |
| Total Equity | €149.21 Million | 100.00% |
Shelly Group SE Competitors by Market Cap
The table below lists competitors of Shelly Group SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Jiangnan High Polymer Fiber Co Ltd
SHG:600527
|
$369.42 Million |
|
Development Investment Construction JSC
VN:DIG
|
$369.49 Million |
|
Wavestone SA
F:2WSA
|
$369.50 Million |
|
COFCO Engineering & Technology Co Ltd
SHE:301058
|
$369.64 Million |
|
Guangzhou Dongfang Hotel Co Ltd
SHE:000524
|
$369.38 Million |
|
Guangdong Enpack Packaging Co Ltd
SHE:002846
|
$369.32 Million |
|
Bukwang Pharm
KO:003000
|
$369.27 Million |
|
Covenant Logistics Group, Inc.
NYSE:CVLG
|
$369.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shelly Group SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 110,379,000 to 149,207,000, a change of 38,828,000 (35.2%).
- Net income of 44,934,000 contributed positively to equity growth.
- Dividend payments of 4,590,000 reduced retained earnings.
- New share issuances of 55,000 increased equity.
- Other factors decreased equity by 1,571,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €44.93 Million | +30.12% |
| Dividends Paid | €4.59 Million | -3.08% |
| Share Issuances | €55.00K | +0.04% |
| Other Changes | €-1.57 Million | -1.05% |
| Total Change | €- | 35.18% |
Book Value vs Market Value Analysis
This analysis compares Shelly Group SE'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: 5.54x
- 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 12.56x to 5.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €3.64 | €45.70 | x |
| 2022-12-31 | €4.40 | €45.70 | x |
| 2023-12-31 | €6.13 | €45.70 | x |
| 2024-12-31 | €8.25 | €45.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shelly Group SE 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): 30.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.53%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.21x
- Recent ROE (30.12%) is above the historical average (26.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 24.26% | 26.71% | 0.82x | 1.11x | €9.34 Million |
| 2022 | 22.05% | 18.71% | 1.05x | 1.12x | €9.53 Million |
| 2023 | 30.43% | 22.92% | 1.15x | 1.16x | €22.56 Million |
| 2024 | 30.12% | 21.53% | 1.16x | 1.21x | €30.01 Million |
Industry Comparison
This section compares Shelly Group SE's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $8,705,017,500
- Average return on equity (ROE) among peers: 7.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shelly Group SE (SLYG) | €181.55 Million | 24.26% | 0.22x | $369.40 Million |
| NRW Holdings Limited (3NR) | $272.64 Million | 15.47% | 0.91x | $1.52 Billion |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $63.24 Billion | 26.94% | 3.78x | $518.52 Million |
| SGH Limited (9SG0) | $4.62 Billion | 12.93% | 1.95x | $4.92 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.36 Billion | 2.70% | 5.53x | $479.71 Million |
| BayWa AktienGesellschaft Vink.N (BYW6) | $1.91 Billion | 8.81% | 6.28x | $90.67 Million |
| BayWa AG vNa (BYW6) | $1.91 Billion | 8.81% | 6.28x | $93.14 Million |
| HPI AG (CEW3) | $7.61 Million | -30.31% | 4.71x | $151.31 |
| Ebara Jitsugyo Co.Ltd (EJI) | $8.55 Billion | 9.92% | 1.61x | $305.68 Million |
| Chargeurs SA (GET) | $279.90 Million | 7.90% | 2.16x | $78.41 Million |
| Kasumigaseki Capital Co.,Ltd. (H0A) | $4.91 Billion | 16.17% | 2.07x | $538.55 Million |