ZEAL Network SE
ZEAL Network SE engages in the online lottery brokerage business in Germany. The company operates through three segments: Germany, ONCE, and ZEAL Ventures. The company's lottery products include LOTTO 6aus49, Spiel 77, Super 6, Eurojackpot, GlücksSpirale, Keno, lotterys clubs, instant lotteries, and Deutsche Fernsehlotterie, as well as charity lotteries comprises freiheit+ and Traumhausverlosung.… Read more
ZEAL Network SE (TIMA) - Net Assets
Latest net assets as of September 2025: €220.39 Million EUR
Based on the latest financial reports, ZEAL Network SE (TIMA) has net assets worth €220.39 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 (€432.58 Million) and total liabilities (€212.18 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 | €220.39 Million |
| % of Total Assets | 50.95% |
| Annual Growth Rate | 18.64% |
| 5-Year Change | -39.7% |
| 10-Year Change | 150.62% |
| Growth Volatility | 133.86 |
ZEAL Network SE - Net Assets Trend (2004–2024)
This chart illustrates how ZEAL Network 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 ZEAL Network SE (2004–2024)
The table below shows the annual net assets of ZEAL Network SE from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €238.51 Million | -9.91% |
| 2023-12-31 | €264.76 Million | -20.74% |
| 2022-12-31 | €334.04 Million | -13.22% |
| 2021-12-31 | €384.94 Million | -2.68% |
| 2020-12-31 | €395.56 Million | -2.50% |
| 2019-12-31 | €405.73 Million | +229.33% |
| 2018-12-31 | €123.20 Million | +15.55% |
| 2017-12-31 | €106.62 Million | +9.28% |
| 2016-12-31 | €97.56 Million | +2.51% |
| 2015-12-31 | €95.17 Million | -18.83% |
| 2014-12-31 | €117.25 Million | -33.21% |
| 2013-12-31 | €175.56 Million | +16.75% |
| 2012-12-31 | €150.38 Million | +16.31% |
| 2011-12-31 | €129.29 Million | +39.14% |
| 2010-12-31 | €92.92 Million | +44.29% |
| 2009-12-31 | €64.40 Million | +17.26% |
| 2008-12-31 | €54.92 Million | -1.27% |
| 2007-12-31 | €55.63 Million | -8.28% |
| 2006-12-31 | €60.65 Million | +14.04% |
| 2005-12-31 | €53.19 Million | +580.39% |
| 2004-12-31 | €7.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ZEAL Network 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 5712300882.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €56.98 Million | 23.89% |
| Common Stock | €22.40 Million | 9.39% |
| Other Comprehensive Income | €10.87 Million | 4.56% |
| Other Components | €148.26 Million | 62.16% |
| Total Equity | €238.51 Million | 100.00% |
ZEAL Network SE Competitors by Market Cap
The table below lists competitors of ZEAL Network SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei Sanxia New Building Materials Co Ltd
SHG:600293
|
$347.71 Million |
|
ThredUp Inc
NASDAQ:TDUP
|
$347.81 Million |
|
Tibet Cheezheng Tibetan Medicine Co Ltd
SHE:002287
|
$347.95 Million |
|
SMO ClinPlus Co. Ltd.
SHE:301257
|
$347.98 Million |
|
Johnson Health Tech Co Ltd
TW:1736
|
$347.60 Million |
|
Bomesc Offshore Engineering Co
SHG:603727
|
$347.54 Million |
|
Construtora Tenda S.A
SA:TEND3
|
$347.47 Million |
|
Surfilter Network Technology Co Ltd
SHE:300311
|
$347.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZEAL Network SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 259,207,000 to 238,508,000, a change of -20,699,000 (-8.0%).
- Net income of 58,393,000 contributed positively to equity growth.
- Dividend payments of 23,829,000 reduced retained earnings.
- Share repurchases of 24,997,000 reduced equity.
- New share issuances of 131,000 increased equity.
- Other comprehensive income increased equity by 3,583,000.
- Other factors decreased equity by 33,980,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €58.39 Million | +24.48% |
| Dividends Paid | €23.83 Million | -9.99% |
| Share Repurchases | €25.00 Million | -10.48% |
| Share Issuances | €131.00K | +0.05% |
| Other Comprehensive Income | €3.58 Million | +1.5% |
| Other Changes | €-33.98 Million | -14.25% |
| Total Change | €- | -7.99% |
Book Value vs Market Value Analysis
This analysis compares ZEAL Network 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: 4.44x
- 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 135.73x to 4.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €0.36 | €49.00 | x |
| 2005-12-31 | €2.46 | €49.00 | x |
| 2006-12-31 | €2.80 | €49.00 | x |
| 2007-12-31 | €2.57 | €49.00 | x |
| 2008-12-31 | €2.54 | €49.00 | x |
| 2009-12-31 | €2.97 | €49.00 | x |
| 2010-12-31 | €4.29 | €49.00 | x |
| 2011-12-31 | €5.97 | €49.00 | x |
| 2012-12-31 | €6.94 | €49.00 | x |
| 2013-12-31 | €8.11 | €49.00 | x |
| 2014-12-31 | €5.42 | €49.00 | x |
| 2015-12-31 | €4.40 | €49.00 | x |
| 2016-12-31 | €4.51 | €49.00 | x |
| 2017-12-31 | €4.92 | €49.00 | x |
| 2018-12-31 | €5.69 | €49.00 | x |
| 2019-12-31 | €18.35 | €49.00 | x |
| 2020-12-31 | €17.90 | €49.00 | x |
| 2021-12-31 | €17.47 | €49.00 | x |
| 2022-12-31 | €15.15 | €49.00 | x |
| 2023-12-31 | €11.97 | €49.00 | x |
| 2024-12-31 | €11.04 | €49.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZEAL Network 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): 24.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.03%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.92x
- Recent ROE (24.48%) is above the historical average (13.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.15% | 8.07% | 1.03x | 2.42x | €793.07K |
| 2005 | 6.24% | 12.70% | 0.36x | 1.36x | €-2.00 Million |
| 2008 | 12.03% | 14.41% | 0.49x | 1.70x | €1.11 Million |
| 2009 | 27.15% | 19.52% | 0.83x | 1.68x | €11.04 Million |
| 2010 | 21.04% | 18.73% | 0.80x | 1.40x | €10.26 Million |
| 2011 | 28.11% | 23.41% | 0.90x | 1.34x | €23.41 Million |
| 2012 | 27.19% | 28.65% | 0.75x | 1.27x | €25.85 Million |
| 2013 | 5.80% | 7.84% | 0.61x | 1.22x | €-7.37 Million |
| 2014 | 4.53% | 3.78% | 0.91x | 1.33x | €-6.41 Million |
| 2015 | 1.41% | 1.51% | 0.63x | 1.47x | €-8.17 Million |
| 2016 | 26.60% | 22.98% | 0.83x | 1.39x | €16.20 Million |
| 2017 | 16.11% | 12.79% | 0.95x | 1.32x | €6.52 Million |
| 2018 | 21.64% | 17.23% | 0.91x | 1.37x | €14.34 Million |
| 2019 | 0.37% | 1.29% | 0.22x | 1.31x | €-38.27 Million |
| 2020 | 2.11% | 9.38% | 0.18x | 1.28x | €-30.60 Million |
| 2021 | 2.85% | 12.90% | 0.17x | 1.33x | €-27.04 Million |
| 2022 | 4.87% | 15.17% | 0.23x | 1.40x | €-16.83 Million |
| 2023 | 4.96% | 11.07% | 0.29x | 1.52x | €-13.07 Million |
| 2024 | 24.48% | 31.03% | 0.41x | 1.92x | €34.54 Million |
Industry Comparison
This section compares ZEAL Network SE's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $77,923,913,876
- Average return on equity (ROE) among peers: 13.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZEAL Network SE (TIMA) | €220.39 Million | 20.15% | 0.96x | $347.60 Million |
| DYNAM JAPAN HOLDINGS Co. Ltd (2DJ) | $131.97 Billion | 1.79% | 1.28x | $111.27 Million |
| bet-at-home.com AG (ACX) | $109.57 Million | 28.30% | 0.33x | $9.08 Million |
| Jumbo Interactive Limited (JUB) | $121.70 Million | 33.01% | 0.48x | $254.34 Million |
| Nexteq plc (R87) | $72.21 Million | 15.21% | 0.33x | $28.97 Million |
| Sankyo Co. Ltd (SOK) | $337.38 Billion | 3.97% | 0.18x | $2.04 Billion |
| Scientific Games Corporation (TJW) | $-2.11 Billion | 0.00% | 0.00x | $5.14 Billion |