HORIBA Ltd
HORIBA, Ltd., together with its subsidiaries, provides analytical and measurement solutions in Japan and internationally. It operates in three segments: Energy and Environment; Bio and Healthcare; and Materials and Semiconductor. The company offers mobility products, including systems for emissions measurement, internal combustion engine and brake testing, driveline and powertrain evaluation, and… Read more
HORIBA Ltd (01H) - Net Assets
Latest net assets as of June 2025: €313.90 Billion EUR
Based on the latest financial reports, HORIBA Ltd (01H) has net assets worth €313.90 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€478.91 Billion) and total liabilities (€165.00 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 | €313.90 Billion |
| % of Total Assets | 65.55% |
| Annual Growth Rate | 9.62% |
| 5-Year Change | 76.14% |
| 10-Year Change | 141.99% |
| Growth Volatility | 5.21 |
HORIBA Ltd - Net Assets Trend (2013–2024)
This chart illustrates how HORIBA Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HORIBA Ltd (2013–2024)
The table below shows the annual net assets of HORIBA Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €314.70 Billion | +10.92% |
| 2023-12-31 | €283.73 Billion | +17.80% |
| 2022-12-31 | €240.85 Billion | +17.78% |
| 2021-12-31 | €204.49 Billion | +14.45% |
| 2020-12-31 | €178.67 Billion | +4.11% |
| 2019-12-31 | €171.62 Billion | +5.92% |
| 2018-12-31 | €162.02 Billion | +7.39% |
| 2017-12-31 | €150.87 Billion | +13.27% |
| 2016-12-31 | €133.19 Billion | +2.42% |
| 2015-12-31 | €130.05 Billion | +4.62% |
| 2014-12-31 | €124.31 Billion | +8.53% |
| 2013-12-31 | €114.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HORIBA Ltd'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 208.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €241.83 Billion | 76.85% |
| Other Components | €72.86 Billion | 23.15% |
| Total Equity | €314.69 Billion | 100.00% |
HORIBA Ltd Competitors by Market Cap
The table below lists competitors of HORIBA Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amedisys Inc
NASDAQ:AMED
|
$3.26 Billion |
|
Burberry Group plc
PINK:BBRYF
|
$3.26 Billion |
|
CyberAgent Inc
F:CL2
|
$3.26 Billion |
|
Acer Incorporated
PINK:ACEYY
|
$3.26 Billion |
|
Freshpet Inc
NASDAQ:FRPT
|
$3.25 Billion |
|
Sandstorm Gold Ltd N
NYSE:SAND
|
$3.25 Billion |
|
Doximity Inc
NYSE:DOCS
|
$3.25 Billion |
|
Kingsemi Co Ltd
SHG:688037
|
$3.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HORIBA Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 283,713,000,000 to 314,688,000,000, a change of 30,975,000,000 (10.9%).
- Net income of 33,591,000,000 contributed positively to equity growth.
- Dividend payments of 12,228,000,000 reduced retained earnings.
- Share repurchases of 5,017,000,000 reduced equity.
- Other factors increased equity by 14,629,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €33.59 Billion | +10.67% |
| Dividends Paid | €12.23 Billion | -3.89% |
| Share Repurchases | €5.02 Billion | -1.59% |
| Other Changes | €14.63 Billion | +4.65% |
| Total Change | €- | 10.92% |
Book Value vs Market Value Analysis
This analysis compares HORIBA Ltd'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: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3576.66 | €100.00 | x |
| 2018-12-31 | €3839.44 | €100.00 | x |
| 2019-12-31 | €4068.71 | €100.00 | x |
| 2020-12-31 | €4233.95 | €100.00 | x |
| 2021-12-31 | €4845.79 | €100.00 | x |
| 2022-12-31 | €5702.86 | €100.00 | x |
| 2023-12-31 | €6711.97 | €100.00 | x |
| 2024-12-31 | €7501.05 | €100.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HORIBA Ltd 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): 10.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.58%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.53x
- Recent ROE (10.67%) is above the historical average (10.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.86% | 6.51% | 0.73x | 1.65x | €-2.46 Billion |
| 2014 | 8.52% | 6.92% | 0.74x | 1.67x | €-1.84 Billion |
| 2015 | 9.91% | 7.54% | 0.74x | 1.78x | €-122.90 Million |
| 2016 | 9.74% | 7.62% | 0.71x | 1.80x | €-349.90 Million |
| 2017 | 10.80% | 8.33% | 0.73x | 1.76x | €1.20 Billion |
| 2018 | 13.78% | 10.60% | 0.76x | 1.72x | €6.12 Billion |
| 2019 | 9.02% | 7.73% | 0.64x | 1.84x | €-1.68 Billion |
| 2020 | 7.38% | 7.05% | 0.57x | 1.84x | €-4.68 Billion |
| 2021 | 10.42% | 9.50% | 0.60x | 1.82x | €863.10 Million |
| 2022 | 14.15% | 12.61% | 0.65x | 1.73x | €9.99 Billion |
| 2023 | 14.21% | 13.87% | 0.65x | 1.58x | €11.93 Billion |
| 2024 | 10.67% | 10.58% | 0.66x | 1.53x | €2.12 Billion |
Industry Comparison
This section compares HORIBA Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $4,842,571,018
- Average return on equity (ROE) among peers: 10.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HORIBA Ltd (01H) | €313.90 Billion | 7.86% | 0.53x | $3.25 Billion |
| SENSIRION HOLDING (1Q3) | $304.14 Million | 20.90% | 0.18x | $810.77 Million |
| Kyoritsu Electric Corporation (KYO) | $9.03 Billion | 8.40% | 1.41x | $13.96 Million |
| Nynomic AG (M7U) | $103.93 Million | 8.95% | 0.46x | $79.41K |
| MI70 (MI70) | $27.33 Million | 18.56% | 0.34x | $67.37 Million |
| Plan Optik AG (P4O) | $6.95 Million | 6.00% | 0.27x | $14.00 Million |
| VISHAY PREC GRP (SV5) | $329.93 Million | 7.79% | 0.43x | $428.31 Million |
| TOYO Corporation (TOY) | $28.88 Billion | 3.07% | 0.15x | $191.38 Million |
| Viscom AG (V6C) | $52.29 Million | 13.63% | 0.27x | $14.53 Million |