BUDWEISER BREW.UNSP.ADR/4 (4BB1) - Net Assets
Based on the latest financial reports, BUDWEISER BREW.UNSP.ADR/4 (4BB1) has net assets worth €10.33 Billion EUR (≈ $12.07 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€14.77 Billion ≈ $17.27 Billion USD) and total liabilities (€4.45 Billion ≈ $5.20 Billion 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. Explore 4BB1 operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.33 Billion |
| % of Total Assets | 69.91% |
| Annual Growth Rate | -1.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.53 |
BUDWEISER BREW.UNSP.ADR/4 - Net Assets Trend (2021–2025)
This chart illustrates how BUDWEISER BREW.UNSP.ADR/4's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of BUDWEISER BREW.UNSP.ADR/4 for the complete picture of this company's asset base.
Annual Net Assets for BUDWEISER BREW.UNSP.ADR/4 (2021–2025)
The table below shows the annual net assets of BUDWEISER BREW.UNSP.ADR/4 from 2021 to 2025. For live valuation and market cap data, see 4BB1 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €10.33 Billion ≈ $12.07 Billion |
+0.86% |
| 2024-12-31 | €10.24 Billion ≈ $11.97 Billion |
-5.62% |
| 2023-12-31 | €10.85 Billion ≈ $12.68 Billion |
+0.16% |
| 2022-12-31 | €10.83 Billion ≈ $12.66 Billion |
-2.26% |
| 2021-12-31 | €11.08 Billion ≈ $12.96 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to BUDWEISER BREW.UNSP.ADR/4'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 36.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.19 Billion | 50.59% |
| Other Components | €5.07 Billion | 49.41% |
| Total Equity | €10.26 Billion | 100.00% |
BUDWEISER BREW.UNSP.ADR/4 Competitors by Market Cap
The table below lists competitors of BUDWEISER BREW.UNSP.ADR/4 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Western Mining Co Ltd
SHG:601168
|
$11.22 Billion |
|
OPC Energy Ltd
TA:OPCE
|
$11.24 Billion |
|
DIETEREN GR. UNSP.ADR 1/2
F:DJD
|
$11.24 Billion |
|
Taiwan Cooperative Financial Holding Co Ltd
TW:5880
|
$11.24 Billion |
|
Axsome Therapeutics Inc
NASDAQ:AXSM
|
$11.19 Billion |
|
Sichuan Road & Bridge Group Co Ltd
SHG:600039
|
$11.18 Billion |
|
Dayforce Inc.
NYSE:DAY
|
$11.18 Billion |
|
Eurofins Scientific SE
F:ESF0
|
$11.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BUDWEISER BREW.UNSP.ADR/4's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,184,000,000 to 10,262,000,000, a change of 78,000,000 (0.8%).
- Net income of 489,000,000 contributed positively to equity growth.
- Dividend payments of 748,000,000 reduced retained earnings.
- Other factors increased equity by 337,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €489.00 Million | +4.77% |
| Dividends Paid | €748.00 Million | -7.29% |
| Other Changes | €337.00 Million | +3.28% |
| Total Change | €- | 0.77% |
Book Value vs Market Value Analysis
This analysis compares BUDWEISER BREW.UNSP.ADR/4'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: 3.74x
- 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 increased from 3.49x to 3.74x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.83 | €2.90 | x |
| 2022-12-31 | €0.81 | €2.90 | x |
| 2023-12-31 | €0.82 | €2.90 | x |
| 2024-12-31 | €0.77 | €2.90 | x |
| 2025-12-31 | €0.78 | €2.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BUDWEISER BREW.UNSP.ADR/4 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): 4.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.48%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.44x
- Recent ROE (4.77%) is below the historical average (7.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 8.63% | 14.00% | 0.41x | 1.51x | €-151.30 Million |
| 2022 | 8.48% | 14.09% | 0.40x | 1.49x | €-163.40 Million |
| 2023 | 7.90% | 12.43% | 0.42x | 1.51x | €-226.50 Million |
| 2024 | 7.13% | 11.62% | 0.42x | 1.45x | €-292.40 Million |
| 2025 | 4.77% | 8.48% | 0.39x | 1.44x | €-537.20 Million |
Industry Comparison
This section compares BUDWEISER BREW.UNSP.ADR/4's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $154,768,882,835
- Average return on equity (ROE) among peers: 5.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BUDWEISER BREW.UNSP.ADR/4 (4BB1) | €10.33 Billion | 8.63% | 0.43x | $11.20 Billion |
| MOLSON COORS CDA EXCH.B (65K) | $10.54 Billion | -20.29% | 1.16x | $321.79 Million |
| AKTIENBRAU.KAUFBEUR (ABK) | $7.03 Million | 18.83% | 0.68x | $5.99 Million |
| Ambev S.A. (AMNA) | $99.58 Billion | 14.50% | 0.63x | $43.57 Billion |
| BHB Brauholding Bayern-Mitte AG (B9B) | $10.65 Million | -2.71% | 0.56x | $6.56 Million |
| CARLSBERG B DK20 ADR 1/5 (CBGC) | $34.72 Billion | -3.06% | 2.32x | $12.20 Billion |
| Compañía Cervecerías Unidas S.A (CVU) | $1.23 Trillion | 10.56% | 0.61x | $1.87 Billion |
| C&C Group PLC (GCC) | $533.60 Million | 12.43% | 1.03x | $430.95 Million |
| HEINEKEN SP. ADR 1/2 (HNK2) | $20.61 Billion | 9.14% | 1.61x | $42.73 Billion |
| Kulmbacher Brauerei Aktien-Gesellschaft (KUL) | $80.86 Million | 10.60% | 2.02x | $127.01 Million |
About BUDWEISER BREW.UNSP.ADR/4
Budweiser Brewing Company APAC Limited, an investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally. It brews, imports, markets, distributes, and sells a portfolio of beer brands, including Budweiser, Stella Artois, Corona, Harbin, Hoegaarden, and Cass. The company was founded in 1876 and is headquartere… Read more