FRAPORT AG ADR 2/1 O.N. (FRAS) - Net Assets
Based on the latest financial reports, FRAPORT AG ADR 2/1 O.N. (FRAS) has net assets worth €5.52 Billion EUR (≈ $6.45 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 (€20.48 Billion ≈ $23.95 Billion USD) and total liabilities (€14.97 Billion ≈ $17.50 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. Also explore FRAS asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.52 Billion |
| % of Total Assets | 26.94% |
| Annual Growth Rate | 9.0% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.98 |
FRAPORT AG ADR 2/1 O.N. - Net Assets Trend (2021–2025)
This chart illustrates how FRAPORT AG ADR 2/1 O.N.'s net assets have evolved over time, based on quarterly financial data. Check FRAPORT AG ADR 2/1 O.N. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for FRAPORT AG ADR 2/1 O.N. (2021–2025)
The table below shows the annual net assets of FRAPORT AG ADR 2/1 O.N. from 2021 to 2025. For live valuation and market cap data, see FRAS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.52 Billion ≈ $6.45 Billion |
+6.56% |
| 2024-12-31 | €5.18 Billion ≈ $6.05 Billion |
+12.76% |
| 2023-12-31 | €4.59 Billion ≈ $5.37 Billion |
+11.14% |
| 2022-12-31 | €4.13 Billion ≈ $4.83 Billion |
+5.70% |
| 2021-12-31 | €3.91 Billion ≈ $4.57 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to FRAPORT AG ADR 2/1 O.N.'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 | €5.18 Billion | 100.00% |
| Total Equity | €5.18 Billion | 100.00% |
FRAPORT AG ADR 2/1 O.N. Competitors by Market Cap
The table below lists competitors of FRAPORT AG ADR 2/1 O.N. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Covivio SA
PA:COV
|
$6.50 Billion |
|
Compass Inc
NYSE:COMP
|
$6.51 Billion |
|
Southwest Gas Holdings Inc
NYSE:SWX
|
$6.51 Billion |
|
Fraport AG
XETRA:FRA
|
$6.51 Billion |
|
Engie Brasil Energia S.A
F:7TE1
|
$6.49 Billion |
|
Boyd Gaming Corporation
NYSE:BYD
|
$6.48 Billion |
|
Technip Energies BV
PA:TE
|
$6.48 Billion |
|
Zheshang Securities Co Ltd
SHG:601878
|
$6.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FRAPORT AG ADR 2/1 O.N.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,828,600,000 to 5,181,200,000, a change of 352,600,000 (7.3%).
- Net income of 431,800,000 contributed positively to equity growth.
- New share issuances of 5,700,000 increased equity.
- Other factors decreased equity by 84,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €431.80 Million | +8.33% |
| Share Issuances | €5.70 Million | +0.11% |
| Other Changes | €-84.90 Million | -1.64% |
| Total Change | €- | 7.30% |
Book Value vs Market Value Analysis
This analysis compares FRAPORT AG ADR 2/1 O.N.'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: 0.63x
- 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.
- The price-to-book ratio has decreased from 0.87x to 0.63x 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 | €40.62 | €35.40 | x |
| 2022-12-31 | €42.31 | €35.40 | x |
| 2023-12-31 | €46.74 | €35.40 | x |
| 2024-12-31 | €52.26 | €35.40 | x |
| 2025-12-31 | €56.03 | €35.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FRAPORT AG ADR 2/1 O.N. 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): 8.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.74%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 3.95x
- Recent ROE (8.33%) is above the historical average (6.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.21% | 3.86% | 0.13x | 4.33x | €-292.51 Million |
| 2022 | 3.39% | 4.14% | 0.18x | 4.50x | €-258.54 Million |
| 2023 | 9.10% | 9.83% | 0.21x | 4.37x | €-38.67 Million |
| 2024 | 9.33% | 10.18% | 0.22x | 4.19x | €-32.26 Million |
| 2025 | 8.33% | 9.74% | 0.22x | 3.95x | €-86.32 Million |
Industry Comparison
This section compares FRAPORT AG ADR 2/1 O.N.'s net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $26,342,777,521
- Average return on equity (ROE) among peers: 14.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FRAPORT AG ADR 2/1 O.N. (FRAS) | €5.52 Billion | 2.21% | 2.71x | $6.49 Billion |
| TAV HAVALIMAN.HLDG ADR/4 (5THA) | $1.61 Billion | 3.15% | 2.12x | $2.31 Billion |
| AENA SME UNSP.ADR/1/10 (A440) | $5.56 Billion | -8.55% | 1.85x | $37.50 Billion |
| Grupo Aeroportuario del Sureste SAB de CV ADR (AEDA) | $22.75 Billion | 15.95% | 0.28x | $8.75 Billion |
| Beijing Capital International Airport Company Limited (BJ1) | $24.96 Billion | 9.69% | 0.39x | $395.49 Million |
| Fraport AG (FRA) | $2.95 Billion | 8.09% | 2.27x | $6.51 Billion |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (G7A) | $10.54 Billion | 46.74% | 1.58x | $4.32 Billion |
| Grupo Aeroportuario del Pacífico S.A.B. de C.V (G9N) | $21.77 Billion | 23.14% | 0.82x | $11.29 Billion |
| Hainan Meilan International Airport Company Limited (HAO) | $2.67 Billion | 12.81% | 1.12x | $126.81 Million |
| Airports of Thailand Public Company Limited (NYVQ) | $144.27 Billion | 17.45% | 0.30x | $18.86 Billion |
About FRAPORT AG ADR 2/1 O.N.
Fraport AG owns and operates airports in Germany, rest of Europe, Asia, and the United States. It primarily focuses on the operation of Frankfurt Main airport. The company operates through four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The Aviation segment operates land and airside infrastructure, which covers the area of airport charges a… Read more