Aperam SA (APAM) - Net Assets

Latest as of December 2025: €3.21 Billion EUR ≈ $3.75 Billion USD

Based on the latest financial reports, Aperam SA (APAM) has net assets worth €3.21 Billion EUR (≈ $3.75 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.17 Billion ≈ $6.05 Billion USD) and total liabilities (€1.97 Billion ≈ $2.30 Billion 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. Also explore APAM current and non-current assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€3.21 Billion
% of Total Assets	62.03%
Annual Growth Rate	0.22%
5-Year Change	8.7%
10-Year Change	35.85%
Growth Volatility	14.81

Aperam SA - Net Assets Trend (2006–2025)

This chart illustrates how Aperam SA's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Aperam SA stock valuation.

Annual Net Assets for Aperam SA (2006–2025)

The table below shows the annual net assets of Aperam SA from 2006 to 2025. Explore Aperam SA operating cash flow efficiency to assess how effectively this company generates cash.

Year	Net Assets	Change
2025-12-31	€3.21 Billion ≈ $3.75 Billion	-4.63%
2024-12-31	€3.37 Billion ≈ $3.94 Billion	-2.43%
2023-12-31	€3.45 Billion ≈ $4.03 Billion	+1.71%
2022-12-31	€3.39 Billion ≈ $3.97 Billion	+14.87%
2021-12-31	€2.95 Billion ≈ $3.45 Billion	+33.98%
2020-12-31	€2.20 Billion ≈ $2.58 Billion	-8.85%
2019-12-31	€2.42 Billion ≈ $2.83 Billion	-4.01%
2018-12-31	€2.52 Billion ≈ $2.94 Billion	-0.92%
2017-12-31	€2.54 Billion ≈ $2.97 Billion	+7.60%
2016-12-31	€2.36 Billion ≈ $2.76 Billion	+16.26%
2015-12-31	€2.03 Billion ≈ $2.38 Billion	-7.65%
2014-12-31	€2.20 Billion ≈ $2.57 Billion	+2.73%
2013-12-31	€2.14 Billion ≈ $2.50 Billion	-11.19%
2012-12-31	€2.41 Billion ≈ $2.82 Billion	-9.20%
2011-12-31	€2.66 Billion ≈ $3.11 Billion	-3.31%
2010-12-31	€2.75 Billion ≈ $3.21 Billion	+9.68%
2009-12-31	€2.50 Billion ≈ $2.93 Billion	+6.35%
2008-12-31	€2.36 Billion ≈ $2.75 Billion	-37.79%
2007-12-31	€3.79 Billion ≈ $4.43 Billion	+23.03%
2006-12-31	€3.08 Billion ≈ $3.60 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Aperam SA'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	€3.19 Billion	100.00%
Total Equity	€3.19 Billion	100.00%

Aperam SA Competitors by Market Cap

The table below lists competitors of Aperam SA ranked by their market capitalization.

Company	Market Cap
Artois Nom. PA:ARTO	$2.26 Billion
PUMA SE UNSP.ADR 1/10 F:PUMA	$2.26 Billion
Seojin System Co.Ltd KQ:178320	$2.26 Billion
Suzhou Crystal Clear Chemical Co Ltd SHE:300655	$2.26 Billion
Sumitomo Chemical India Limited NSE:SUMICHEM	$2.26 Billion
Fujian Huoju Electronic SHG:603678	$2.26 Billion
Hefei Meiya Optoelectronic Technology Inc SHE:002690	$2.26 Billion
Insight Enterprises Inc NASDAQ:NSIT	$2.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Aperam SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,354,000,000 to 3,195,000,000, a change of -159,000,000 (-4.7%).
Net income of 9,000,000 contributed positively to equity growth.
Dividend payments of 145,000,000 reduced retained earnings.
Other comprehensive income increased equity by 783,000,000.
Other factors decreased equity by 806,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€9.00 Million	+0.28%
Dividends Paid	€145.00 Million	-4.54%
Other Comprehensive Income	€783.00 Million	+24.51%
Other Changes	€-806.00 Million	-25.23%
Total Change	€-	-4.74%

Book Value vs Market Value Analysis

This analysis compares Aperam SA'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: 0.99x
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 decreased from 1.12x to 0.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	€40.43	€45.38	x
2008-12-31	€30.07	€45.38	x
2009-12-31	€32.04	€45.38	x
2010-12-31	€35.15	€45.38	x
2011-12-31	€33.98	€45.38	x
2012-12-31	€30.87	€45.38	x
2013-12-31	€27.40	€45.38	x
2014-12-31	€26.98	€45.38	x
2015-12-31	€23.20	€45.38	x
2016-12-31	€27.10	€45.38	x
2017-12-31	€28.68	€45.38	x
2018-12-31	€28.24	€45.38	x
2019-12-31	€29.64	€45.38	x
2020-12-31	€27.45	€45.38	x
2021-12-31	€37.02	€45.38	x
2022-12-31	€44.89	€45.38	x
2023-12-31	€47.30	€45.38	x
2024-12-31	€46.07	€45.38	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Aperam SA 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): 0.28%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.15%
• Asset Turnover: 1.17x
• Equity Multiplier: 1.62x
Recent ROE (0.28%) is below the historical average (6.48%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	8.65%	4.32%	0.97x	2.08x	€-42.59 Million
2008	1.81%	0.71%	1.14x	2.25x	€-192.30 Million
2009	-3.35%	-2.83%	0.59x	1.99x	€-333.83 Million
2010	2.88%	1.87%	0.76x	2.01x	€-195.42 Million
2011	-1.75%	-0.95%	1.02x	1.80x	€-311.47 Million
2012	-3.39%	-2.05%	0.89x	1.85x	€-322.57 Million
2013	-3.39%	-1.95%	0.91x	1.91x	€-286.27 Million
2014	3.56%	1.73%	1.05x	1.95x	€-141.61 Million
2015	7.76%	3.65%	1.10x	1.94x	€-45.46 Million
2016	8.63%	5.02%	0.91x	1.88x	€-32.42 Million
2017	11.85%	7.15%	0.96x	1.72x	€47.01 Million
2018	11.37%	6.12%	1.08x	1.72x	€34.50 Million
2019	6.13%	3.49%	1.00x	1.76x	€-93.40 Million
2020	7.95%	4.83%	0.91x	1.80x	€-45.00 Million
2021	32.87%	18.97%	0.86x	2.01x	€673.50 Million
2022	18.46%	7.66%	1.30x	1.85x	€286.50 Million
2023	5.90%	3.08%	1.06x	1.81x	€-141.20 Million
2024	6.89%	3.69%	1.07x	1.74x	€-104.40 Million
2025	0.28%	0.15%	1.17x	1.62x	€-310.50 Million

Industry Comparison

This section compares Aperam SA's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $11,984,000,000
Average return on equity (ROE) among peers: 28.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Aperam SA (APAM)	€3.21 Billion	8.65%	0.61x	$2.26 Billion
ArcelorMittal SA (MT)	$11.98 Billion	28.08%	1.59x	$39.68 Billion

About Aperam SA

AS:APAM Netherlands Steel

Market Cap

$3.84 Billion

€3.28 Billion EUR

Market Cap Rank

#5827 Global

#44 in Netherlands

Share Price

€45.38

Change (1 day)

+8.98%

52-Week Range

€25.00 - €45.38

All Time High

€45.58