ASSOC. BR. FOODS ADR 1 (AFO2) - Net Assets
Based on the latest financial reports, ASSOC. BR. FOODS ADR 1 (AFO2) has net assets worth €11.62 Billion EUR (≈ $13.58 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 (€19.63 Billion ≈ $22.94 Billion USD) and total liabilities (€8.01 Billion ≈ $9.36 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. See ASSOC. BR. FOODS ADR 1 net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.62 Billion |
| % of Total Assets | 59.2% |
| Annual Growth Rate | -0.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.79 |
ASSOC. BR. FOODS ADR 1 - Net Assets Trend (2023–2025)
This chart illustrates how ASSOC. BR. FOODS ADR 1's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AFO2 market cap overview.
Annual Net Assets for ASSOC. BR. FOODS ADR 1 (2023–2025)
The table below shows the annual net assets of ASSOC. BR. FOODS ADR 1 from 2023 to 2025. Also explore ASSOC. BR. FOODS ADR 1 (AFO2) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | €11.19 Billion ≈ $13.08 Billion |
-0.82% |
| 2024-09-30 | €11.28 Billion ≈ $13.19 Billion |
+0.76% |
| 2023-09-30 | €11.19 Billion ≈ $13.09 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to ASSOC. BR. FOODS ADR 1'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 4.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €11.38 Billion | 102.88% |
| Total Equity | €11.06 Billion | 100.00% |
ASSOC. BR. FOODS ADR 1 Competitors by Market Cap
The table below lists competitors of ASSOC. BR. FOODS ADR 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EMS-CHEMIE HOLDING AG
SW:EMSN
|
$15.67 Billion |
|
BE SEMICON.INDS NY EO091
F:BSIA
|
$15.67 Billion |
|
BK OF IREL.UNSP.ADR/1 EO1
F:BIRB
|
$15.70 Billion |
|
BANC.DE.SA.A ADR2/EO-125
F:BDS
|
$15.71 Billion |
|
SOUTH32 Ltd
AU:S32
|
$15.62 Billion |
|
Rollins Inc
NYSE:ROL
|
$15.61 Billion |
|
Vodacom Group Ltd
JSE:VOD
|
$15.61 Billion |
|
RB Global
TO:RBA
|
$15.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ASSOC. BR. FOODS ADR 1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,186,000,000 to 11,059,000,000, a change of -127,000,000 (-1.1%).
- Net income of 1,025,000,000 contributed positively to equity growth.
- Dividend payments of 656,000,000 reduced retained earnings.
- Share repurchases of 629,000,000 reduced equity.
- Other factors increased equity by 133,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.02 Billion | +9.27% |
| Dividends Paid | €656.00 Million | -5.93% |
| Share Repurchases | €629.00 Million | -5.69% |
| Other Changes | €133.00 Million | +1.2% |
| Total Change | €- | -1.14% |
Book Value vs Market Value Analysis
This analysis compares ASSOC. BR. FOODS ADR 1'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: 1.35x
- 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 1.46x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-09-30 | €14.43 | €21.00 | x |
| 2024-09-30 | €15.12 | €21.00 | x |
| 2025-09-30 | €15.54 | €21.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ASSOC. BR. FOODS ADR 1 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): 9.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.27%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.74x
- Recent ROE (9.27%) is below the historical average (10.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 9.41% | 5.29% | 1.05x | 1.70x | €-65.30 Million |
| 2024 | 13.01% | 7.25% | 1.06x | 1.70x | €336.40 Million |
| 2025 | 9.27% | 5.27% | 1.01x | 1.74x | €-80.90 Million |
Industry Comparison
This section compares ASSOC. BR. FOODS ADR 1's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $89,506,681,904
- Average return on equity (ROE) among peers: -41.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ASSOC. BR. FOODS ADR 1 (AFO2) | €11.62 Billion | 9.41% | 0.69x | $15.67 Billion |
| COFCO Joycome Foods Limited (0M7) | $9.59 Billion | 5.61% | 1.12x | $637.46 Million |
| Nomad Foods Limited (0NH) | $2.30 Billion | 7.87% | 1.68x | $1.18 Billion |
| DaChan Food (Asia) Limited (3DS) | $1.86 Billion | -5.82% | 1.11x | $69.71 Million |
| JATCORP LTD. (3J2) | $8.15 Million | -85.51% | 2.68x | $4.89 Million |
| MEIJI HLD.UN.ADR 1/4 O.N. (3M00) | $791.78 Billion | 6.42% | 0.50x | $5.80 Billion |
| PSYCHED WELLNESS LTD (5U9) | $7.03 Million | -48.81% | 0.04x | $1.83 Million |
| EAT WELL INVESTMENT GROUP (6BC0) | $4.28 Million | -151.49% | 12.09x | $6.16 Million |
| BOOSH PLANT-BASED BRANDS (77I) | $7.98 Million | -101.01% | 0.40x | $101.47K |
| ELEMENT NUTR.SCIENCES (93X) | $-5.94 Million | 0.00% | 0.00x | $2.06 Million |
About ASSOC. BR. FOODS ADR 1
Associated British Foods plc engages in the food, ingredients, and retail businesses worldwide. It operates through five segments: Retail, Grocery, Ingredients, Sugar, and Agriculture. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women's, men's, and kidswear, as well as beauty, homeware, and accessor… Read more