ACERINOX ADR 1/2/EO-25 (ACE) - Net Assets
Based on the latest financial reports, ACERINOX ADR 1/2/EO-25 (ACE) has net assets worth €2.10 Billion EUR (≈ $2.45 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 (€5.62 Billion ≈ $6.57 Billion USD) and total liabilities (€3.52 Billion ≈ $4.12 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 tangible net worth ratio of ACERINOX ADR 1/2/EO-25 to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.10 Billion |
| % of Total Assets | 37.32% |
| Annual Growth Rate | -1.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.25 |
ACERINOX ADR 1/2/EO-25 - Net Assets Trend (2021–2025)
This chart illustrates how ACERINOX ADR 1/2/EO-25's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of ACERINOX ADR 1/2/EO-25 to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ACERINOX ADR 1/2/EO-25 (2021–2025)
The table below shows the annual net assets of ACERINOX ADR 1/2/EO-25 from 2021 to 2025. For live valuation and market cap data, see ACE company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €2.10 Billion ≈ $2.45 Billion |
-18.54% |
| 2024-12-31 | €2.58 Billion ≈ $3.01 Billion |
+4.54% |
| 2023-12-31 | €2.46 Billion ≈ $2.88 Billion |
-3.32% |
| 2022-12-31 | €2.55 Billion ≈ $2.98 Billion |
+15.03% |
| 2021-12-31 | €2.21 Billion ≈ $2.59 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to ACERINOX ADR 1/2/EO-25'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 107.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €2.10 Billion | 101.94% |
| Total Equity | €2.06 Billion | 100.00% |
ACERINOX ADR 1/2/EO-25 Competitors by Market Cap
The table below lists competitors of ACERINOX ADR 1/2/EO-25 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinopec Shanghai Petrochemical Co Ltd Class A
SHG:600688
|
$3.22 Billion |
|
Xiamen Changelight
SHE:300102
|
$3.22 Billion |
|
Shanxi Taigang Stainless Steel Co Ltd
SHE:000825
|
$3.22 Billion |
|
Hiab B
HE:HIAB
|
$3.22 Billion |
|
Maximus Inc
NYSE:MMS
|
$3.21 Billion |
|
SSAB AB (publ)
ST:SSAB-A
|
$3.21 Billion |
|
Hubei TKD Crystal Electn
SHG:603738
|
$3.21 Billion |
|
Zhuhai CosMX Battery Co Ltd
SHG:688772
|
$3.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ACERINOX ADR 1/2/EO-25's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,527,317,000 to 2,063,970,000, a change of -463,347,000 (-18.3%).
- Net loss of 40,074,000 reduced equity.
- Dividend payments of 154,576,000 reduced retained earnings.
- Share repurchases of 718,000 reduced equity.
- Other factors decreased equity by 267,979,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-40.07 Million | -1.94% |
| Dividends Paid | €154.58 Million | -7.49% |
| Share Repurchases | €718.00K | -0.03% |
| Other Changes | €-267.98 Million | -12.98% |
| Total Change | €- | -18.33% |
Book Value vs Market Value Analysis
This analysis compares ACERINOX ADR 1/2/EO-25'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: 0.77x
- 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 |
|---|---|---|---|
| 2021-12-31 | €7.99 | €6.40 | x |
| 2022-12-31 | €9.92 | €6.40 | x |
| 2023-12-31 | €9.66 | €6.40 | x |
| 2024-12-31 | €10.14 | €6.40 | x |
| 2025-12-31 | €8.28 | €6.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ACERINOX ADR 1/2/EO-25 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): -1.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.69%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.72x
- Recent ROE (-1.94%) is below the historical average (13.09%), 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 | 26.54% | 8.53% | 1.12x | 2.78x | €356.38 Million |
| 2022 | 22.48% | 6.40% | 1.38x | 2.55x | €308.64 Million |
| 2023 | 9.47% | 3.45% | 1.08x | 2.53x | €-12.71 Million |
| 2024 | 8.90% | 4.16% | 0.84x | 2.56x | €-27.79 Million |
| 2025 | -1.94% | -0.69% | 1.03x | 2.72x | €-246.47 Million |
Industry Comparison
This section compares ACERINOX ADR 1/2/EO-25's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $29,739,373,111
- Average return on equity (ROE) among peers: 2.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ACERINOX ADR 1/2/EO-25 (ACE) | €2.10 Billion | 26.54% | 1.68x | $3.22 Billion |
| Tiangong International Company Limited (34T1) | $6.89 Billion | 9.64% | 0.82x | $1.09 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $37.58 Million | -4.85% | 0.00x | $29.55 Million |
| Aperam SA (7AA) | $2.68 Billion | 3.55% | 0.94x | $3.49 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.39 Billion | 18.43% | 0.84x | $3.49 Billion |
| ArcelorMittal SA (ARRD) | $50.19 Billion | 10.41% | 1.23x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $90.61 Million | -18.66% | 0.17x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $9.99 Billion | 0.51% | 3.72x | $64.17 Million |
| Da Ming International Holdings Limited (DM7) | $2.85 Billion | 3.84% | 2.56x | $94.05 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $191.53 Billion | 2.11% | 0.62x | $3.00 Billion |
About ACERINOX ADR 1/2/EO-25
Acerinox, S.A., together with its subsidiaries, manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally. It operates through Stainless Steel and High-Performance Alloys segments. The company offers flat products, including slab, billet, black coil, plate, engraved coil/sheet, cold rolled coil and sheet… Read more