Embraer S.A (EMY) - Net Assets
Based on the latest financial reports, Embraer S.A (EMY) has net assets worth €3.81 Billion EUR (≈ $4.46 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 (€12.92 Billion ≈ $15.11 Billion USD) and total liabilities (€9.11 Billion ≈ $10.65 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 EMY cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.81 Billion |
| % of Total Assets | 29.5% |
| Annual Growth Rate | -0.37% |
| 5-Year Change | 37.37% |
| 10-Year Change | N/A |
| Growth Volatility | 9.87 |
Embraer S.A - Net Assets Trend (2016–2025)
This chart illustrates how Embraer S.A's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market value of Embraer S.A.
Annual Net Assets for Embraer S.A (2016–2025)
The table below shows the annual net assets of Embraer S.A from 2016 to 2025. Read Embraer S.A (EMY) total liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.81 Billion ≈ $4.46 Billion |
+13.97% |
| 2024-12-31 | €3.34 Billion ≈ $3.91 Billion |
+10.05% |
| 2023-12-31 | €3.04 Billion ≈ $3.55 Billion |
+7.61% |
| 2022-12-31 | €2.82 Billion ≈ $3.30 Billion |
+1.78% |
| 2021-12-31 | €2.77 Billion ≈ $3.24 Billion |
-5.58% |
| 2020-12-31 | €2.94 Billion ≈ $3.44 Billion |
-18.69% |
| 2019-12-31 | €3.61 Billion ≈ $4.23 Billion |
-8.26% |
| 2018-12-31 | €3.94 Billion ≈ $4.61 Billion |
-5.78% |
| 2017-12-31 | €4.18 Billion ≈ $4.89 Billion |
+6.11% |
| 2016-12-31 | €3.94 Billion ≈ $4.61 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Embraer S.A'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €3.44 Billion | 100.00% |
| Total Equity | €3.44 Billion | 100.00% |
Embraer S.A Competitors by Market Cap
The table below lists competitors of Embraer S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harmony Gold Mining Company Limited
F:HAM
|
$10.08 Billion |
|
Stantec Inc
TO:STN
|
$10.08 Billion |
|
KT Corporation
KO:030200
|
$10.08 Billion |
|
Texas Pacific Land Trust
NYSE:TPL
|
$10.09 Billion |
|
Formosa Plastics Corp
TW:1301
|
$10.07 Billion |
|
CITIC Metal Co. Ltd. A
SHG:601061
|
$10.06 Billion |
|
National Silicon Industry Group Co Ltd
SHG:688126
|
$10.06 Billion |
|
Poly Real Estate Group Co Ltd
SHG:600048
|
$10.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Embraer S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,075,600,000 to 3,444,652,000, a change of 369,052,000 (12.0%).
- Net income of 351,900,000 contributed positively to equity growth.
- Dividend payments of 23,600,000 reduced retained earnings.
- Share repurchases of 186,800,000 reduced equity.
- Other factors increased equity by 227,552,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €351.90 Million | +10.22% |
| Dividends Paid | €23.60 Million | -0.69% |
| Share Repurchases | €186.80 Million | -5.42% |
| Other Changes | €227.55 Million | +6.61% |
| Total Change | €- | 12.00% |
Book Value vs Market Value Analysis
This analysis compares Embraer S.A'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: 11.08x
- 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 9.51x to 11.08x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €5.55 | €52.80 | x |
| 2018-12-31 | €5.23 | €52.80 | x |
| 2019-12-31 | €4.78 | €52.80 | x |
| 2020-12-31 | €3.84 | €52.80 | x |
| 2021-12-31 | €3.63 | €52.80 | x |
| 2022-12-31 | €3.49 | €52.80 | x |
| 2023-12-31 | €3.79 | €52.80 | x |
| 2024-12-31 | €4.19 | €52.80 | x |
| 2025-12-31 | €4.77 | €52.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Embraer S.A 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): 10.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.64%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 3.75x
- Recent ROE (10.22%) is above the historical average (-1.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.32% | 2.67% | 0.53x | 3.03x | €-218.78 Million |
| 2017 | 6.07% | 4.23% | 0.49x | 2.93x | €-160.06 Million |
| 2018 | -4.63% | -3.51% | 0.45x | 2.94x | €-562.77 Million |
| 2019 | -9.16% | -12.31% | 0.25x | 3.01x | €-674.07 Million |
| 2020 | -25.89% | -19.41% | 0.36x | 3.73x | €-1.01 Billion |
| 2021 | -1.68% | -1.06% | 0.41x | 3.81x | €-311.49 Million |
| 2022 | -7.22% | -4.08% | 0.45x | 3.95x | €-442.15 Million |
| 2023 | 5.89% | 3.11% | 0.49x | 3.87x | €-114.65 Million |
| 2024 | 11.46% | 5.51% | 0.54x | 3.84x | €44.94 Million |
| 2025 | 10.22% | 4.64% | 0.59x | 3.75x | €7.43 Million |
Industry Comparison
This section compares Embraer S.A's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $14,062,400,663
- Average return on equity (ROE) among peers: 0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Embraer S.A (EMY) | €3.81 Billion | 4.32% | 2.39x | $10.07 Billion |
| CREOTECH INS.S.A. ZY -10 (5OB) | $91.37 Million | -15.70% | 0.89x | $407.03 Million |
| Airbus SE (AIRA) | $5.99 Billion | -22.74% | 18.10x | $133.51 Billion |
| AviChina Industry & Technology Company Limited (AVT) | $21.81 Billion | 3.27% | 1.34x | $2.77 Billion |
| Yangzijiang Shipbuilding (Holdings) Ltd (B8O) | $32.26 Billion | 26.78% | 0.81x | $10.48 Billion |
| BAE SYSTEMS ADR/4 LS-025 (BSPA) | $10.72 Billion | 17.32% | 1.99x | $76.97 Billion |
| COSCO SHIPPING Development Co. Ltd. (EZ5) | $29.28 Billion | 4.81% | 3.30x | $468.50 Million |
| LEONARDO ADR 1/2/EO 440 (FMN) | $6.46 Billion | 9.08% | 3.40x | $33.03 Billion |
| CSSC Offshore & Marine Engineering (Group) Co Ltd (GSZ) | $19.61 Billion | 0.25% | 1.59x | $1.00 Billion |
| Hensoldt AG (HAG) | $346.80 Million | -18.80% | 7.50x | $9.67 Billion |
About Embraer S.A
Embraer S.A., together with its subsidiaries, engages in the design, development, manufacture, and sale of aircraft and systems worldwide. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets. The Defense & Security segment develops and produce… Read more