Exmar NV (EXM) - Net Assets

Latest as of December 2025: €549.18 Million EUR ≈ $642.05 Million USD

Based on the latest financial reports, Exmar NV (EXM) has net assets worth €549.18 Million EUR (≈ $642.05 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€903.34 Million ≈ $1.06 Billion USD) and total liabilities (€354.16 Million ≈ $414.05 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 EXM goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€549.18 Million
% of Total Assets	60.79%
Annual Growth Rate	3.74%
5-Year Change	2.36%
10-Year Change	24.27%
Growth Volatility	26.08

Exmar NV - Net Assets Trend (2003–2025)

This chart illustrates how Exmar NV's net assets have evolved over time, based on quarterly financial data. See Exmar NV defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Exmar NV (2003–2025)

The table below shows the annual net assets of Exmar NV from 2003 to 2025. For live valuation and market cap data, see market cap of Exmar NV.

Year	Net Assets	Change
2025-12-31	€549.18 Million ≈ $642.05 Million	-9.92%
2024-12-31	€609.63 Million ≈ $712.72 Million	+26.44%
2023-12-31	€482.14 Million ≈ $563.67 Million	-39.63%
2022-12-31	€798.69 Million ≈ $933.75 Million	+48.87%
2021-12-31	€536.50 Million ≈ $627.23 Million	-1.72%
2020-12-31	€545.91 Million ≈ $638.23 Million	+21.60%
2019-12-31	€448.94 Million ≈ $524.86 Million	-2.99%
2018-12-31	€462.76 Million ≈ $541.02 Million	-3.09%
2017-12-31	€477.54 Million ≈ $558.30 Million	+8.06%
2016-12-31	€441.92 Million ≈ $516.65 Million	+9.17%
2015-12-31	€404.80 Million ≈ $473.26 Million	-5.81%
2014-12-31	€429.76 Million ≈ $502.44 Million	+5.61%
2013-12-31	€406.93 Million ≈ $475.74 Million	+10.89%
2012-12-31	€366.97 Million ≈ $429.03 Million	+7.04%
2011-12-31	€342.82 Million ≈ $400.80 Million	-14.85%
2010-12-31	€402.62 Million ≈ $470.71 Million	-4.10%
2009-12-31	€419.84 Million ≈ $490.84 Million	+81.91%
2008-12-31	€230.80 Million ≈ $269.83 Million	-32.30%
2007-12-31	€340.91 Million ≈ $398.56 Million	-13.14%
2006-12-31	€392.50 Million ≈ $458.87 Million	+46.02%
2005-12-31	€268.80 Million ≈ $314.25 Million	+3.46%
2004-12-31	€259.80 Million ≈ $303.73 Million	+6.02%
2003-12-31	€245.04 Million ≈ $286.48 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Exmar NV'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 22145439400.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€221.45 Million	40.32%
Common Stock	€274.99 Million	50.07%
Other Comprehensive Income	€-290.03K	-0.05%
Other Components	€53.03 Million	9.66%
Total Equity	€549.18 Million	100.00%

Exmar NV Competitors by Market Cap

The table below lists competitors of Exmar NV ranked by their market capitalization.

Company	Market Cap
Talant Optronics (Suzhou) Co. Ltd. SHE:301045	$858.81 Million
SKF India Limited NSE:SKFINDIA	$858.92 Million
Zhejiang Vie Science & Technology Co Ltd SHE:002590	$859.04 Million
GL Events SA PA:GLO	$859.42 Million
Namchow Food Group (Shanghai) Co. Ltd. SHG:605339	$858.66 Million
Shandong Fengyuan Chemical Co Ltd SHE:002805	$858.57 Million
Beijing SL Pharmaceutical Co Ltd SHE:002038	$858.40 Million
SK ETERNIX CO LT KO:475150	$858.36 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 609,645,000 to 549,178,456, a change of -60,466,544 (-9.9%).
Net income of 77,373,958 contributed positively to equity growth.
Dividend payments of 144,514,026 reduced retained earnings.
Share repurchases of 7,422,771 reduced equity.
Other comprehensive income increased equity by 5,066,965.
Other factors increased equity by 9,029,330.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€77.37 Million	+14.09%
Dividends Paid	€144.51 Million	-26.31%
Share Repurchases	€7.42 Million	-1.35%
Other Comprehensive Income	€5.07 Million	+0.92%
Other Changes	€9.03 Million	+1.64%
Total Change	€-	-9.92%

Book Value vs Market Value Analysis

This analysis compares Exmar NV'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: 1.35x
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 2.13x to 1.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	€5.36	€11.40	x
2004-12-31	€5.64	€11.40	x
2005-12-31	€6.30	€11.40	x
2006-12-31	€9.51	€11.40	x
2007-12-31	€7.72	€11.40	x
2008-12-31	€6.88	€11.40	x
2009-12-31	€12.12	€11.40	x
2010-12-31	€7.10	€11.40	x
2011-12-31	€6.10	€11.40	x
2012-12-31	€6.52	€11.40	x
2013-12-31	€7.15	€11.40	x
2014-12-31	€7.49	€11.40	x
2015-12-31	€7.09	€11.40	x
2016-12-31	€7.76	€11.40	x
2017-12-31	€8.39	€11.40	x
2018-12-31	€8.11	€11.40	x
2019-12-31	€7.84	€11.40	x
2020-12-31	€9.54	€11.40	x
2021-12-31	€9.37	€11.40	x
2022-12-31	€13.95	€11.40	x
2023-12-31	€8.39	€11.40	x
2024-12-31	€10.61	€11.40	x
2025-12-31	€8.47	€11.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Exmar NV 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): 14.09%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 29.96%
• Asset Turnover: 0.29x
• Equity Multiplier: 1.64x
Recent ROE (14.09%) is above the historical average (9.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	4.02%	3.13%	0.33x	3.90x	€-14.84 Million
2004	11.47%	7.02%	0.44x	3.75x	€3.81 Million
2005	30.33%	18.04%	0.42x	4.00x	€54.62 Million
2006	19.45%	15.17%	0.39x	3.31x	€37.09 Million
2007	0.14%	0.10%	0.32x	4.68x	€-33.58 Million
2008	-27.14%	-12.90%	0.25x	8.55x	€-85.66 Million
2009	10.35%	10.78%	0.20x	4.86x	€1.48 Million
2010	3.57%	3.47%	0.23x	4.38x	€-25.87 Million
2011	-9.92%	-7.55%	0.28x	4.66x	€-68.25 Million
2012	14.88%	11.80%	0.34x	3.74x	€17.91 Million
2013	25.77%	25.82%	0.34x	2.92x	€64.13 Million
2014	15.88%	50.11%	0.15x	2.14x	€25.28 Million
2015	2.77%	9.89%	0.12x	2.29x	€-29.25 Million
2016	8.10%	37.19%	0.10x	2.28x	€-8.38 Million
2017	5.87%	34.76%	0.09x	1.92x	€-19.71 Million
2018	-3.44%	-17.47%	0.10x	1.95x	€-62.19 Million
2019	-2.95%	-9.56%	0.15x	2.03x	€-58.09 Million
2020	16.85%	32.24%	0.31x	1.71x	€37.37 Million
2021	2.16%	7.83%	0.15x	1.87x	€-42.02 Million
2022	40.11%	205.85%	0.13x	1.48x	€240.47 Million
2023	14.93%	14.77%	0.53x	1.92x	€23.77 Million
2024	29.69%	51.87%	0.34x	1.67x	€120.02 Million
2025	14.09%	29.96%	0.29x	1.64x	€22.46 Million

Industry Comparison

This section compares Exmar NV's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

No peer company data available for comparison.

About Exmar NV

BR:EXM Belgium Oil & Gas Equipment & Services

Market Cap

$1.06 Billion

€906.48 Million EUR

Market Cap Rank

#9758 Global

#43 in Belgium

Share Price

€11.40

Change (1 day)

-1.30%

52-Week Range

€8.99 - €13.70

All Time High

€13.70