Athens Water Supply and Sewerage Company S.A (EYDAP) - Net Assets
Based on the latest financial reports, Athens Water Supply and Sewerage Company S.A (EYDAP) has net assets worth €847.26 Million EUR (≈ $990.53 Million USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.48 Billion ≈ $1.73 Billion USD) and total liabilities (€631.79 Million ≈ $738.63 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 EYDAP asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €847.26 Million |
| % of Total Assets | 57.28% |
| Annual Growth Rate | -0.93% |
| 5-Year Change | -10.92% |
| 10-Year Change | N/A |
| Growth Volatility | 5.35 |
Athens Water Supply and Sewerage Company S.A - Net Assets Trend (2014–2023)
This chart illustrates how Athens Water Supply and Sewerage Company S.A's net assets have evolved over time, based on quarterly financial data. Also explore how large is Athens Water Supply and Sewerage Company's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Athens Water Supply and Sewerage Company S.A (2014–2023)
The table below shows the annual net assets of Athens Water Supply and Sewerage Company S.A from 2014 to 2023. For live valuation and market cap data, see Athens Water Supply and Sewerage Company stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €847.26 Million ≈ $990.53 Million |
+1.18% |
| 2022-12-31 | €837.38 Million ≈ $978.98 Million |
+2.72% |
| 2021-12-31 | €815.17 Million ≈ $953.02 Million |
-1.53% |
| 2020-12-31 | €827.81 Million ≈ $967.80 Million |
-12.97% |
| 2019-12-31 | €951.14 Million ≈ $1.11 Billion |
+0.20% |
| 2018-12-31 | €949.23 Million ≈ $1.11 Billion |
+0.76% |
| 2017-12-31 | €942.03 Million ≈ $1.10 Billion |
+4.12% |
| 2016-12-31 | €904.77 Million ≈ $1.06 Billion |
-6.43% |
| 2015-12-31 | €966.94 Million ≈ $1.13 Billion |
+4.95% |
| 2014-12-31 | €921.31 Million ≈ $1.08 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Athens Water Supply and Sewerage Company S.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 50.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €403.76 Million | 47.65% |
| Other Components | €443.50 Million | 52.35% |
| Total Equity | €847.26 Million | 100.00% |
Athens Water Supply and Sewerage Company S.A Competitors by Market Cap
The table below lists competitors of Athens Water Supply and Sewerage Company S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chenguang Biotech Group
SHE:300138
|
$815.09 Million |
|
Redcare Pharmacy NV
XETRA:RDC
|
$815.28 Million |
|
Episil-Precision Inc
TW:3016
|
$815.43 Million |
|
Gujarat Pipavav Port Limited
NSE:GPPL
|
$815.86 Million |
|
Changzhou Youon Pubilic Bicycle System Co Ltd
SHG:603776
|
$814.70 Million |
|
IRPC Public Company Limited
BK:IRPC-R
|
$814.31 Million |
|
Coretronic
TWO:5371
|
$814.22 Million |
|
XPLR Infrastructure LP Unit
NYSE:XIFR
|
$814.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Athens Water Supply and Sewerage Company S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 837,379,000 to 847,259,000, a change of 9,880,000 (1.2%).
- Net income of 20,275,000 contributed positively to equity growth.
- Dividend payments of 2,120,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €20.27 Million | +2.39% |
| Dividends Paid | €2.12 Million | -0.25% |
| Other Changes | €-8.28 Million | -0.98% |
| Total Change | €- | 1.18% |
Book Value vs Market Value Analysis
This analysis compares Athens Water Supply and Sewerage Company S.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: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.15x to 1.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €8.91 | €10.28 | x |
| 2019-12-31 | €8.93 | €10.28 | x |
| 2020-12-31 | €7.77 | €10.28 | x |
| 2021-12-31 | €7.65 | €10.28 | x |
| 2022-12-31 | €7.86 | €10.28 | x |
| 2023-12-31 | €7.96 | €10.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Athens Water Supply and Sewerage Company S.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): 2.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.77%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.75x
- Recent ROE (2.39%) is below the historical average (2.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.55% | 12.84% | 0.21x | 1.67x | €-50.21 Million |
| 2015 | 4.51% | 13.46% | 0.21x | 1.63x | €-53.04 Million |
| 2016 | 2.66% | 7.31% | 0.21x | 1.72x | €-66.43 Million |
| 2017 | 4.61% | 13.27% | 0.21x | 1.63x | €-50.78 Million |
| 2018 | 5.05% | 14.86% | 0.21x | 1.62x | €-47.01 Million |
| 2019 | 6.11% | 17.94% | 0.21x | 1.64x | €-37.05 Million |
| 2020 | -7.98% | -20.01% | 0.20x | 1.95x | €-148.88 Million |
| 2021 | 3.76% | 8.50% | 0.21x | 2.08x | €-50.87 Million |
| 2022 | 0.60% | 1.46% | 0.23x | 1.75x | €-78.72 Million |
| 2023 | 2.39% | 5.77% | 0.24x | 1.75x | €-64.45 Million |
Industry Comparison
This section compares Athens Water Supply and Sewerage Company S.A's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $177,420,000
- Average return on equity (ROE) among peers: -2.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Athens Water Supply and Sewerage Company S.A (EYDAP) | €847.26 Million | 4.55% | 0.75x | $814.72 Million |
| Thessaloniki Water Supply & Sewerage Co S.A (EYAPS) | $177.42 Million | -2.25% | 0.25x | $136.49 Million |
About Athens Water Supply and Sewerage Company S.A
Athens Water Supply and Sewerage Company S.A., together with its subsidiaries, engages in the water supply and refinement, and sewerage and wastewater management activities in Greece. The company is involved in the design, construction, installation, operation, maintenance, development, and modernization / renovation of facilities and networks of water supply and sewerage. It operates a water dis… Read more