Naturgy BAN SA
Naturgy BAN, S.A. engages in natural gas distribution business. The company was formerly known as Gas Natural Ban, S.A. and changed its name to Naturgy BAN, S.A. in January 2019. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Naturgy BAN, S.A. is a subsidiary of Invergas, S.A.
Naturgy BAN SA (GBAN) - Net Assets
Latest net assets as of December 2025: AR$452.83 Billion ARS
Based on the latest financial reports, Naturgy BAN SA (GBAN) has net assets worth AR$452.83 Billion ARS as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$651.59 Billion) and total liabilities (AR$198.76 Billion). 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 | AR$452.83 Billion |
| % of Total Assets | 69.5% |
| Annual Growth Rate | 87.12% |
| 5-Year Change | 3639.61% |
| 10-Year Change | 41016.88% |
| Growth Volatility | 204.02 |
Naturgy BAN SA - Net Assets Trend (2015–2025)
This chart illustrates how Naturgy BAN SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Naturgy BAN SA (2015–2025)
The table below shows the annual net assets of Naturgy BAN SA from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AR$452.83 Billion | +23.40% |
| 2024-12-31 | AR$366.97 Billion | +60.19% |
| 2023-12-31 | AR$229.09 Billion | +668.12% |
| 2022-12-31 | AR$29.82 Billion | +146.30% |
| 2021-12-31 | AR$12.11 Billion | +88.44% |
| 2020-12-31 | AR$6.43 Billion | -58.62% |
| 2019-12-31 | AR$15.53 Billion | +100.41% |
| 2018-12-31 | AR$7.75 Billion | +371.25% |
| 2017-12-31 | AR$1.64 Billion | +49.30% |
| 2016-12-31 | AR$1.10 Billion | +28.12% |
| 2015-12-31 | AR$859.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Naturgy BAN 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 grown by 72455.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AR$157.38 Billion | 34.75% |
| Other Components | AR$295.45 Billion | 65.25% |
| Total Equity | AR$452.83 Billion | 100.00% |
Naturgy BAN SA Competitors by Market Cap
The table below lists competitors of Naturgy BAN SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wildcat Resources Ltd
AU:WC8
|
$196.73 Million |
|
Shandong Donghong Pipe Ind Co
SHG:603856
|
$196.76 Million |
|
CPH Chemie und Papier Holding
SW:CPHN
|
$196.83 Million |
|
VITZROCELL Co.Ltd
KQ:082920
|
$196.85 Million |
|
Smartgen (Zhengzhou) Technology Co. Ltd. A
SHE:301361
|
$196.68 Million |
|
Eveready Industries India Limited
NSE:EVEREADY
|
$196.63 Million |
|
Gemac Engineering Machinery Co. Ltd.
SHE:301048
|
$196.62 Million |
|
Gran Tierra Energy Inc
NYSE MKT:GTE
|
$196.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Naturgy BAN SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 366,970,717,000 to 452,825,237,000, a change of 85,854,520,000 (23.4%).
- Net income of 183,091,580,000 contributed positively to equity growth.
- Dividend payments of 97,237,060,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$183.09 Billion | +40.43% |
| Dividends Paid | AR$97.24 Billion | -21.47% |
| Total Change | AR$- | 23.40% |
Book Value vs Market Value Analysis
This analysis compares Naturgy BAN 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: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 414.77x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AR$5.05 | AR$2095.00 | x |
| 2018-12-31 | AR$23.80 | AR$2095.00 | x |
| 2019-12-31 | AR$47.70 | AR$2095.00 | x |
| 2020-12-31 | AR$19.74 | AR$2095.00 | x |
| 2021-12-31 | AR$37.20 | AR$2095.00 | x |
| 2022-12-31 | AR$91.61 | AR$2095.00 | x |
| 2023-12-31 | AR$703.71 | AR$2095.00 | x |
| 2024-12-31 | AR$1127.27 | AR$2095.00 | x |
| 2025-12-31 | AR$1391.00 | AR$2095.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Naturgy BAN 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): 40.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.56%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.44x
- Recent ROE (40.43%) is above the historical average (2.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 24.88% | 10.81% | 0.73x | 3.14x | AR$127.94 Million |
| 2016 | 21.95% | 5.16% | 0.91x | 4.68x | AR$131.61 Million |
| 2017 | 33.02% | 8.30% | 1.44x | 2.76x | AR$378.55 Million |
| 2018 | 30.61% | 11.65% | 1.34x | 1.96x | AR$1.60 Billion |
| 2019 | 23.24% | 11.07% | 1.24x | 1.70x | AR$2.06 Billion |
| 2020 | -229.00% | -44.40% | 1.97x | 2.62x | AR$-15.36 Billion |
| 2021 | 19.90% | 6.23% | 1.72x | 1.86x | AR$1.20 Billion |
| 2022 | 20.91% | 9.44% | 1.49x | 1.49x | AR$3.25 Billion |
| 2023 | 11.72% | 6.73% | 1.32x | 1.31x | AR$3.93 Billion |
| 2024 | 28.87% | 14.77% | 1.36x | 1.44x | AR$69.25 Billion |
| 2025 | 40.43% | 22.56% | 1.25x | 1.44x | AR$137.81 Billion |
Industry Comparison
This section compares Naturgy BAN SA's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $77,646,566,333
- Average return on equity (ROE) among peers: 37.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Naturgy BAN SA (GBAN) | AR$452.83 Billion | 24.88% | 0.44x | $196.70 Million |
| Camuzzi Gas Pampeana SA (CGPA2) | $223.35 Billion | 79.81% | 0.95x | $104.42 Million |
| Distribuidora de Gas Cuyana SA (DGCU2) | $604.38 Million | 22.60% | 2.61x | $166.65 Million |
| Metrogas SA (METR) | $8.99 Billion | 8.60% | 1.25x | $339.47 Million |