San Miguel AG
S.A. San Miguel A.G.I.C.I. y F. engages in cultivation, processing, producing, and commercializing citrus products in Argentina. It offers oil and essences, juices, peel, and pulp cells products. The company is involved in harvesting, packing, and grinding activities. It also exports its products. The company was incorporated in 1954 and is based in Vicente López, Argentina.
San Miguel AG (SAMI) - Net Assets
Latest net assets as of September 2025: AR$68.51 Billion ARS
Based on the latest financial reports, San Miguel AG (SAMI) has net assets worth AR$68.51 Billion ARS as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$583.86 Billion) and total liabilities (AR$515.35 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$68.51 Billion |
| % of Total Assets | 11.73% |
| Annual Growth Rate | 59.23% |
| 5-Year Change | 263.87% |
| 10-Year Change | N/A |
| Growth Volatility | 127.61 |
San Miguel AG - Net Assets Trend (2015–2024)
This chart illustrates how San Miguel AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for San Miguel AG (2015–2024)
The table below shows the annual net assets of San Miguel AG from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AR$69.35 Billion | +310.22% |
| 2023-12-31 | AR$16.91 Billion | +49.66% |
| 2022-12-31 | AR$11.30 Billion | -37.37% |
| 2021-12-31 | AR$18.04 Billion | -5.36% |
| 2020-12-31 | AR$19.06 Billion | +18.33% |
| 2019-12-31 | AR$16.11 Billion | +51.66% |
| 2018-12-31 | AR$10.62 Billion | +336.58% |
| 2017-12-31 | AR$2.43 Billion | +77.67% |
| 2016-12-31 | AR$1.37 Billion | +29.99% |
| 2015-12-31 | AR$1.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to San Miguel AG'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 5197.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | AR$113.37 Billion | 168.82% |
| Total Equity | AR$67.16 Billion | 100.00% |
San Miguel AG Competitors by Market Cap
The table below lists competitors of San Miguel AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Icade SA
PINK:CDMGF
|
$700.47 Million |
|
Anant Raj Limited
NSE:ANANTRAJ
|
$701.37 Million |
|
Revenio Group Oyj
OTCGREY:REVXF
|
$701.50 Million |
|
Santacruz Silv
V:SCZ
|
$701.67 Million |
|
Shanghai Smith Adhesive New
SHG:603683
|
$700.16 Million |
|
Northern Dynasty Minerals Ltd
NYSE MKT:NAK
|
$699.95 Million |
|
OceanaGold Corporation
PINK:OCANF
|
$699.09 Million |
|
Sansure Biotech Inc
SHG:688289
|
$699.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in San Miguel AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,578,638,000 to 67,155,304,000, a change of 51,576,666,000 (331.1%).
- Net loss of 18,073,205,000 reduced equity.
- Share repurchases of 150,813,622,000 reduced equity.
- New share issuances of 3,833,184,000 increased equity.
- Other factors increased equity by 216,630,309,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$-18.07 Billion | -26.91% |
| Share Repurchases | AR$150.81 Billion | -224.57% |
| Share Issuances | AR$3.83 Billion | +5.71% |
| Other Changes | AR$216.63 Billion | +322.58% |
| Total Change | AR$- | 331.07% |
Book Value vs Market Value Analysis
This analysis compares San Miguel AG'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: 13.64x
- 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 180.46x to 13.64x 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$3.42 | AR$617.00 | x |
| 2018-12-31 | AR$14.93 | AR$617.00 | x |
| 2019-12-31 | AR$22.64 | AR$617.00 | x |
| 2020-12-31 | AR$26.79 | AR$617.00 | x |
| 2021-12-31 | AR$25.35 | AR$617.00 | x |
| 2022-12-31 | AR$15.88 | AR$617.00 | x |
| 2023-12-31 | AR$21.90 | AR$617.00 | x |
| 2024-12-31 | AR$45.22 | AR$617.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently San Miguel AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.44%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 6.53x
- Recent ROE (-26.91%) is below the historical average (-23.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -6.18% | -2.81% | 0.65x | 3.39x | AR$-170.42 Million |
| 2016 | 16.85% | 5.73% | 0.98x | 2.99x | AR$93.82 Million |
| 2017 | 6.96% | 4.38% | 0.55x | 2.91x | AR$-74.04 Million |
| 2018 | -10.38% | -11.07% | 0.44x | 2.15x | AR$-2.16 Billion |
| 2019 | -2.25% | -3.34% | 0.27x | 2.45x | AR$-1.97 Billion |
| 2020 | -16.24% | -17.81% | 0.34x | 2.68x | AR$-5.00 Billion |
| 2021 | -23.32% | -18.40% | 0.36x | 3.56x | AR$-6.01 Billion |
| 2022 | -83.99% | -68.21% | 0.18x | 6.89x | AR$-10.62 Billion |
| 2023 | -92.40% | -49.22% | 0.08x | 23.79x | AR$-15.95 Billion |
| 2024 | -26.91% | -17.44% | 0.24x | 6.53x | AR$-24.79 Billion |
Industry Comparison
This section compares San Miguel AG's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $4,640,206,770
- Average return on equity (ROE) among peers: 10.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| San Miguel AG (SAMI) | AR$68.51 Billion | -6.18% | 7.52x | $700.38 Million |
| Inversora Juramento SA (INVJ) | $15.42 Billion | 4.62% | 0.57x | $11.61 Million |
| Molinos Agro SA (MOLA) | $5.58 Billion | 52.87% | 4.82x | $298.71 Million |
| Morixe Hermanos SACI (MORI) | $-5.98 Million | 0.00% | 0.00x | $12.89 Million |
| Morixe Hermanos S.A. 5 Votes (MORI5) | $774.70 Million | 0.64% | 3.13x | $2.21 Million |
| Molinos Juan Semino SA (SEMI) | $1.44 Billion | -6.38% | 0.62x | $28.26 Million |