ENAV SpA
ENAV S.p.A. provides air traffic control and management, and other air navigation services in Italy, the rest of Europe, and internationally. It operates through three segments: Air Navigation Services, Maintenance Services, and Aeronautical Information Management (AIM) Software Solutions. The company offers technical management and maintenance services for air traffic control equipment and syste… Read more
ENAV SpA (ENV) - Net Assets
Latest net assets as of September 2025: €1.15 Billion EUR
Based on the latest financial reports, ENAV SpA (ENV) has net assets worth €1.15 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.90 Billion) and total liabilities (€748.54 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.15 Billion |
| % of Total Assets | 60.52% |
| Annual Growth Rate | 1.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.34 |
ENAV SpA - Net Assets Trend (2021–2024)
This chart illustrates how ENAV SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ENAV SpA (2021–2024)
The table below shows the annual net assets of ENAV SpA from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.23 Billion | +0.87% |
| 2023-12-31 | €1.22 Billion | +0.98% |
| 2022-12-31 | €1.21 Billion | +3.77% |
| 2021-12-31 | €1.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ENAV SpA'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 27.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €191.43 Million | 15.58% |
| Other Components | €1.04 Billion | 84.42% |
| Total Equity | €1.23 Billion | 100.00% |
ENAV SpA Competitors by Market Cap
The table below lists competitors of ENAV SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GCI Liberty, Inc.
NASDAQ:GLIBK
|
$1.33 Billion |
|
Iljin Electric Co
KO:103590
|
$1.33 Billion |
|
Avis Budget Group Inc
NASDAQ:CAR
|
$1.33 Billion |
|
Fabege AB (publ)
PINK:FBGGF
|
$1.33 Billion |
|
West African Resources Limited
PINK:WFRSF
|
$1.33 Billion |
|
Orange Polska S.A
PINK:PTTWF
|
$1.33 Billion |
|
Bilfinger SE O.N.
LSE:0NRG
|
$1.33 Billion |
|
Gränges AB (publ)
ST:GRNG
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ENAV SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,217,605,297 to 1,228,342,078, a change of 10,736,781 (0.9%).
- Net income of 125,828,827 contributed positively to equity growth.
- Dividend payments of 124,455,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €125.83 Million | +10.24% |
| Dividends Paid | €124.45 Million | -10.13% |
| Other Changes | €9.36 Million | +0.76% |
| Total Change | €- | 0.88% |
Book Value vs Market Value Analysis
This analysis compares ENAV SpA'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: 2.25x
- 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 2.38x to 2.25x 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 | €2.15 | €5.12 | x |
| 2022-12-31 | €2.23 | €5.12 | x |
| 2023-12-31 | €2.25 | €5.12 | x |
| 2024-12-31 | €2.27 | €5.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ENAV SpA 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): 10.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.59%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.93x
- Recent ROE (10.24%) is above the historical average (8.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 6.75% | 9.79% | 0.34x | 2.03x | €-37.75 Million |
| 2022 | 8.71% | 11.57% | 0.38x | 2.01x | €-15.55 Million |
| 2023 | 9.27% | 11.71% | 0.41x | 1.92x | €-8.84 Million |
| 2024 | 10.24% | 12.59% | 0.42x | 1.93x | €2.99 Million |
Industry Comparison
This section compares ENAV SpA's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $5,929,535,500
- Average return on equity (ROE) among peers: 1.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ENAV SpA (ENV) | €1.15 Billion | 6.75% | 0.65x | $1.33 Billion |
| Aeroporto Guglielmo Marconi di Bologna S.p.A (169) | $189.31 Million | 16.43% | 0.77x | $62.01 Million |
| Skymark Airlines Inc. (7SA) | $9.30 Billion | -72.36% | 9.06x | $53.24 Million |
| GRUPO AEROPORT-B (G7AB.SG) (G7AB) | $11.24 Billion | 25.42% | 1.04x | $3.83 Billion |
| Københavns Lufthavne A/S (KLH) | $2.99 Billion | 36.30% | 2.57x | $4.17 Billion |