KBC Ancora (KBCA) - Net Assets
Based on the latest financial reports, KBC Ancora (KBCA) has net assets worth €3.53 Billion EUR (≈ $4.13 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.63 Billion ≈ $4.24 Billion USD) and total liabilities (€100.55 Million ≈ $117.56 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 KBC Ancora liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.53 Billion |
| % of Total Assets | 97.23% |
| Annual Growth Rate | 1.98% |
| 5-Year Change | 6.29% |
| 10-Year Change | 72.54% |
| Growth Volatility | 28521.41 |
KBC Ancora - Net Assets Trend (2001–2025)
This chart illustrates how KBC Ancora's net assets have evolved over time, based on quarterly financial data. Also explore KBC Ancora asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for KBC Ancora (2001–2025)
The table below shows the annual net assets of KBC Ancora from 2001 to 2025. For live valuation and market cap data, see KBC Ancora market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €3.53 Billion ≈ $4.13 Billion |
+1.30% |
| 2024-06-30 | €3.48 Billion ≈ $4.07 Billion |
+0.10% |
| 2023-06-30 | €3.48 Billion ≈ $4.07 Billion |
+1.41% |
| 2022-06-30 | €3.43 Billion ≈ $4.01 Billion |
+3.38% |
| 2021-06-30 | €3.32 Billion ≈ $3.88 Billion |
+18.32% |
| 2020-06-30 | €2.81 Billion ≈ $3.28 Billion |
+102116.75% |
| 2019-06-30 | €2.74 Million ≈ $3.21 Million |
-99.90% |
| 2018-06-30 | €2.73 Billion ≈ $3.19 Billion |
+100292.49% |
| 2017-06-30 | €2.72 Million ≈ $3.18 Million |
-99.87% |
| 2016-06-30 | €2.05 Billion ≈ $2.39 Billion |
-1.02% |
| 2015-06-30 | €2.07 Billion ≈ $2.42 Billion |
+1.33% |
| 2014-06-30 | €2.04 Billion ≈ $2.38 Billion |
+1.31% |
| 2013-06-30 | €2.01 Billion ≈ $2.35 Billion |
+2.59% |
| 2012-06-30 | €1.96 Billion ≈ $2.29 Billion |
-1.53% |
| 2011-06-30 | €1.99 Billion ≈ $2.33 Billion |
+1.54% |
| 2010-06-30 | €1.96 Billion ≈ $2.29 Billion |
-1.53% |
| 2009-06-30 | €1.99 Billion ≈ $2.33 Billion |
-38.71% |
| 2008-06-30 | €3.25 Billion ≈ $3.80 Billion |
+0.44% |
| 2007-06-30 | €3.24 Billion ≈ $3.78 Billion |
+0.39% |
| 2006-06-30 | €3.22 Billion ≈ $3.77 Billion |
-- |
| 2005-06-30 | €0.00 ≈ $0.00 |
-- |
| 2004-06-30 | €3.21 Billion ≈ $3.75 Billion |
+0.11% |
| 2003-06-30 | €3.21 Billion ≈ $3.75 Billion |
+0.02% |
| 2002-06-30 | €3.21 Billion ≈ $3.75 Billion |
+45.37% |
| 2001-06-30 | €2.21 Billion ≈ $2.58 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to KBC Ancora'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 97.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €161.77K | 0.00% |
| Other Components | €3.53 Billion | 100.00% |
| Total Equity | €3.53 Billion | 100.00% |
KBC Ancora Competitors by Market Cap
The table below lists competitors of KBC Ancora ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Codan Ltd
AU:CDA
|
$5.58 Billion |
|
Grupo Financiero Galicia S.A
F:GF4
|
$5.58 Billion |
|
Wuxi Taclink Optoelectronics Technology Co. Ltd. A
SHG:688205
|
$5.58 Billion |
|
Rhythm Pharmaceuticals Inc
NASDAQ:RYTM
|
$5.59 Billion |
|
Granite Construction Incorporated
NYSE:GVA
|
$5.57 Billion |
|
Bank of Suzhou
SHE:002966
|
$5.57 Billion |
|
Core Scientific, Inc. Common Stock
NASDAQ:CORZ
|
$5.57 Billion |
|
Beijing Tongrentang Co Ltd
SHG:600085
|
$5.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KBC Ancora's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,483,590,730 to 3,528,713,910, a change of 45,123,180 (1.3%).
- Net income of 315,435,000 contributed positively to equity growth.
- Dividend payments of 270,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 324,685,646.
- Other factors increased equity by 324,673,826.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €315.44 Million | +8.94% |
| Dividends Paid | €270.30 Million | -7.66% |
| Other Comprehensive Income | €-324.69 Million | -9.2% |
| Other Changes | €324.67 Million | +9.2% |
| Total Change | €- | 1.30% |
Book Value vs Market Value Analysis
This analysis compares KBC Ancora'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: 1.70x
- 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 2.76x to 1.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-06-30 | €28.17 | €77.70 | x |
| 2002-06-30 | €40.96 | €77.70 | x |
| 2003-06-30 | €40.97 | €77.70 | x |
| 2004-06-30 | €41.01 | €77.70 | x |
| 2005-06-30 | €127.22 | €77.70 | x |
| 2006-06-30 | €42.44 | €77.70 | x |
| 2007-06-30 | €41.34 | €77.70 | x |
| 2008-06-30 | €41.52 | €77.70 | x |
| 2009-06-30 | €25.45 | €77.70 | x |
| 2010-06-30 | €25.12 | €77.70 | x |
| 2011-06-30 | €25.44 | €77.70 | x |
| 2012-06-30 | €25.05 | €77.70 | x |
| 2013-06-30 | €25.75 | €77.70 | x |
| 2014-06-30 | €26.04 | €77.70 | x |
| 2015-06-30 | €26.39 | €77.70 | x |
| 2016-06-30 | €26.12 | €77.70 | x |
| 2017-06-30 | €34.76 | €77.70 | x |
| 2018-06-30 | €34.89 | €77.70 | x |
| 2019-06-30 | €0.04 | €77.70 | x |
| 2020-06-30 | €35.83 | €77.70 | x |
| 2021-06-30 | €42.40 | €77.70 | x |
| 2022-06-30 | €43.90 | €77.70 | x |
| 2023-06-30 | €45.19 | €77.70 | x |
| 2024-06-30 | €45.23 | €77.70 | x |
| 2025-06-30 | €45.82 | €77.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KBC Ancora 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): 8.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.68%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.03x
- Recent ROE (8.94%) is below the historical average (423.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 2.51% | 100.00% | 0.01x | 2.02x | €-240.51 Million |
| 2005 | 1.41% | 100.00% | 0.04x | 0.35x | €-828.25 Million |
| 2006 | 5.48% | 92.05% | 0.06x | 1.01x | €-145.71 Million |
| 2007 | 7.76% | 96.88% | 0.08x | 1.06x | €-72.38 Million |
| 2008 | 8.63% | 90.18% | 0.08x | 1.18x | €-44.65 Million |
| 2009 | -63.17% | 0.00% | -0.49x | 1.30x | €-1.46 Billion |
| 2010 | -1.55% | -126919800.00% | 0.00x | 1.32x | €-226.67 Million |
| 2011 | 1.51% | 48.92% | 0.02x | 1.30x | €-169.05 Million |
| 2012 | -1.55% | -3669.08% | 0.00x | 1.32x | €-226.61 Million |
| 2013 | 2.52% | 95.47% | 0.02x | 1.29x | €-150.46 Million |
| 2014 | 1.29% | 92.11% | 0.01x | 1.20x | €-177.50 Million |
| 2015 | 0.01% | 86.16% | 0.00x | 1.18x | €-206.49 Million |
| 2016 | 0.00% | -21252.46% | 0.00x | 1.19x | €-204.54 Million |
| 2017 | 30.98% | 97.64% | 0.28x | 1.14x | €571.04K |
| 2018 | 0.01% | 92.43% | 0.00x | 1.14x | €-273.02 Million |
| 2019 | 9244.21% | 99.02% | 82.95x | 1.13x | €253.47 Million |
| 2020 | 2.17% | 135679.48% | 0.00x | 1.12x | €-219.73 Million |
| 2021 | 15.96% | 1550.52% | 0.01x | 1.10x | €197.71 Million |
| 2022 | 23.45% | 97.95% | 0.22x | 1.07x | €461.63 Million |
| 2023 | 8.59% | 96.11% | 0.09x | 1.05x | €-49.16 Million |
| 2024 | 10.57% | 97.36% | 0.11x | 1.03x | €19.93 Million |
| 2025 | 8.94% | 97.68% | 0.09x | 1.03x | €-37.44 Million |
Industry Comparison
This section compares KBC Ancora's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,764,546,418
- Average return on equity (ROE) among peers: 0.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KBC Ancora (KBCA) | €3.53 Billion | 2.51% | 0.03x | $5.58 Billion |
| Brederode SA (BREB) | $1.18 Billion | 4.11% | 0.08x | $3.08 Billion |
| Candela Invest SA (CAND) | $2.30 Million | -47.00% | 2.71x | $1.13 Million |
| Compagnie du Bois Sauvage SA (COMB) | $538.22 Million | -12.96% | 0.35x | $497.15 Million |
| Groep Brussel Lambert NV (GBLB) | $9.14 Billion | 6.76% | 0.10x | $9.96 Billion |
| GIMV NV (GIMB) | $1.02 Billion | 3.21% | 0.05x | $1.67 Billion |
| Quest For Growth - Pricaf (QFG) | $106.80 Million | 14.70% | 0.00x | $64.61 Million |
| Sofina Société Anonyme (SOF) | $2.05 Billion | 13.76% | 0.05x | $8.86 Billion |
| TINC Comm VA (TINC) | $72.21 Million | 22.71% | 0.47x | $525.58 Million |
About KBC Ancora
KBC Ancora SA engages in the maintenance and management of its participating interest in KBC Group SA. The company was formerly known as Almancora SCA and changed its name to KBC Ancora SA in June 2007. KBC Ancora SA was incorporated in 1998 and is based in Leuven, Belgium. KBC Ancora SA is a subsidiary of Cera S.C.R.L.