AENA SME UNSP.ADR/1/10 (A440) - Net Assets
Based on the latest financial reports, AENA SME UNSP.ADR/1/10 (A440) has net assets worth €9.15 Billion EUR (≈ $10.70 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 (€18.19 Billion ≈ $21.27 Billion USD) and total liabilities (€9.04 Billion ≈ $10.57 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. Check AENA SME UNSP.ADR/1/10 (A440) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.15 Billion |
| % of Total Assets | 50.32% |
| Annual Growth Rate | 13.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.98 |
AENA SME UNSP.ADR/1/10 - Net Assets Trend (2021–2025)
This chart illustrates how AENA SME UNSP.ADR/1/10's net assets have evolved over time, based on quarterly financial data. Also explore AENA SME UNSP.ADR/1/10 (A440) total assets for the complete picture of this company's asset base.
Annual Net Assets for AENA SME UNSP.ADR/1/10 (2021–2025)
The table below shows the annual net assets of AENA SME UNSP.ADR/1/10 from 2021 to 2025. For live valuation and market cap data, see AENA SME UNSP.ADR/1/10 (A440) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €9.15 Billion ≈ $10.70 Billion |
+11.53% |
| 2024-12-31 | €8.21 Billion ≈ $9.60 Billion |
+8.60% |
| 2023-12-31 | €7.56 Billion ≈ $8.84 Billion |
+13.78% |
| 2022-12-31 | €6.64 Billion ≈ $7.77 Billion |
+19.46% |
| 2021-12-31 | €5.56 Billion ≈ $6.50 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to AENA SME UNSP.ADR/1/10'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 108.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.85 Billion | 74.42% |
| Other Components | €2.35 Billion | 25.58% |
| Total Equity | €9.21 Billion | 100.00% |
AENA SME UNSP.ADR/1/10 Competitors by Market Cap
The table below lists competitors of AENA SME UNSP.ADR/1/10 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TELSTRA GROUP LTD SP.ADR
F:5KB
|
$37.53 Billion |
|
Hartford Financial Services Group
NYSE:HIG
|
$37.61 Billion |
|
UTD OV. BK-LOC-ADR/1 SD 1
F:UOB0
|
$37.62 Billion |
|
WEC Energy Group Inc
NYSE:WEC
|
$37.69 Billion |
|
ABB PAR AB B ADR/1/2/SK 1
F:ALZ
|
$37.49 Billion |
|
Constellation Software Inc.
TO:CSU
|
$37.43 Billion |
|
Gold Fields Ltd ADR
NYSE:GFI
|
$37.40 Billion |
|
EQT AB (publ)
ST:EQT
|
$37.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AENA SME UNSP.ADR/1/10's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,276,386,000 to 9,206,457,000, a change of 930,071,000 (11.2%).
- Net income of 2,136,676,000 contributed positively to equity growth.
- Dividend payments of 1,497,800,000 reduced retained earnings.
- New share issuances of 6,918,000 increased equity.
- Other factors increased equity by 284,277,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.14 Billion | +23.21% |
| Dividends Paid | €1.50 Billion | -16.27% |
| Share Issuances | €6.92 Million | +0.08% |
| Other Changes | €284.28 Million | +3.09% |
| Total Change | €- | 11.24% |
Book Value vs Market Value Analysis
This analysis compares AENA SME UNSP.ADR/1/10'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: 1.96x
- 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 3.19x to 1.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €3.77 | €12.00 | x |
| 2022-12-31 | €4.48 | €12.00 | x |
| 2023-12-31 | €5.08 | €12.00 | x |
| 2024-12-31 | €5.52 | €12.00 | x |
| 2025-12-31 | €6.14 | €12.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AENA SME UNSP.ADR/1/10 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): 23.21%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.03%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.98x
- Recent ROE (23.21%) is above the historical average (14.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -8.42% | -19.52% | 0.15x | 2.81x | €-1.04 Billion |
| 2022 | 13.42% | 21.51% | 0.26x | 2.36x | €229.74 Million |
| 2023 | 21.38% | 32.31% | 0.29x | 2.30x | €868.08 Million |
| 2024 | 23.37% | 33.56% | 0.34x | 2.05x | €1.11 Billion |
| 2025 | 23.21% | 34.03% | 0.35x | 1.98x | €1.22 Billion |
Industry Comparison
This section compares AENA SME UNSP.ADR/1/10's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $41,271,207,126
- Average return on equity (ROE) among peers: 17.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AENA SME UNSP.ADR/1/10 (A440) | €9.15 Billion | -8.42% | 0.99x | $37.50 Billion |
| TAV HAVALIMAN.HLDG ADR/4 (5THA) | $1.43 Billion | 17.47% | 2.33x | $2.31 Billion |
| Grupo Aeroportuario del Sureste SAB de CV ADR (AEDA) | $38.77 Billion | 14.10% | 0.48x | $8.75 Billion |
| Beijing Capital International Airport Company Limited (BJ1) | $16.21 Billion | 8.20% | 1.02x | $424.05 Million |
| Fraport AG (FRA) | $1.82 Billion | 6.65% | 0.99x | $6.48 Billion |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (G7A) | $9.84 Billion | 50.94% | 1.57x | $4.42 Billion |
| Grupo Aeroportuario del Pacífico S.A.B. de C.V (G9N) | $22.85 Billion | 8.40% | 1.25x | $10.44 Billion |
| Hainan Meilan International Airport Company Limited (HAO) | $4.57 Billion | 16.76% | 1.44x | $168.46 Million |
| Airports of Thailand Public Company Limited (NYVQ) | $131.69 Billion | 15.71% | 0.35x | $21.71 Billion |
| Airports of Thailand Public Company Limited (TX3A) | $144.27 Billion | 17.45% | 0.30x | $14.39K |
About AENA SME UNSP.ADR/1/10
Aena S.M.E., S.A., together with its subsidiaries, engages in the management of airports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The company operates through Airports, Real Estate Services, Región de Murcia International Airport, and International segments. It also manages commercial spaces in airport terminals, and a network of car parks; and leasing or transfer use of land, … Read more