Angang Steel Company Limited (GNV) - Net Assets
Based on the latest financial reports, Angang Steel Company Limited (GNV) has net assets worth €47.65 Billion EUR (≈ $55.70 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€98.42 Billion ≈ $115.06 Billion USD) and total liabilities (€50.78 Billion ≈ $59.36 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. Check GNV intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €47.65 Billion |
| % of Total Assets | 48.41% |
| Annual Growth Rate | 0.3% |
| 5-Year Change | -9.63% |
| 10-Year Change | 11.42% |
| Growth Volatility | 7.25 |
Angang Steel Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Angang Steel Company Limited's net assets have evolved over time, based on quarterly financial data. See GNV defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Angang Steel Company Limited (2013–2024)
The table below shows the annual net assets of Angang Steel Company Limited from 2013 to 2024. For live valuation and market cap data, see how much is Angang Steel Company Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €48.67 Billion ≈ $56.90 Billion |
-12.13% |
| 2023-12-31 | €55.39 Billion ≈ $64.76 Billion |
-5.79% |
| 2022-12-31 | €58.80 Billion ≈ $68.74 Billion |
-2.32% |
| 2021-12-31 | €60.19 Billion ≈ $70.37 Billion |
+11.76% |
| 2020-12-31 | €53.86 Billion ≈ $62.97 Billion |
+2.49% |
| 2019-12-31 | €52.55 Billion ≈ $61.43 Billion |
+0.16% |
| 2018-12-31 | €52.47 Billion ≈ $61.34 Billion |
+4.13% |
| 2017-12-31 | €50.39 Billion ≈ $58.91 Billion |
+11.26% |
| 2016-12-31 | €45.29 Billion ≈ $52.95 Billion |
+3.68% |
| 2015-12-31 | €43.68 Billion ≈ $51.07 Billion |
-9.37% |
| 2014-12-31 | €48.20 Billion ≈ $56.35 Billion |
+2.35% |
| 2013-12-31 | €47.09 Billion ≈ $55.05 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Angang Steel Company Limited'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 103.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €48.00 Billion | 100.67% |
| Total Equity | €47.68 Billion | 100.00% |
Angang Steel Company Limited Competitors by Market Cap
The table below lists competitors of Angang Steel Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daewonkangup
KO:000430
|
$211.34 Million |
|
Armac Locacao Logistica
SA:ARML3
|
$211.39 Million |
|
Nasmed Ozel Saglik Hizmetleri Ticaret AS
IS:EGEPO
|
$211.43 Million |
|
Smurfit Westrock Plc
LSE:SWR
|
$211.47 Million |
|
Neto M.E Holdings Ltd
TA:NTO
|
$211.06 Million |
|
Thayer Ventures Acquisition Corporation II Class A Ordinary Shares
NASDAQ:TVAI
|
$211.02 Million |
|
Selan Exploration Technology Limited
NSE:SELAN
|
$210.95 Million |
|
Sierra Madre Gold and Silver Ltd
V:SM
|
$210.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Angang Steel Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,704,000,000 to 47,679,000,000, a change of -7,025,000,000 (-12.8%).
- Net loss of 7,122,000,000 reduced equity.
- Dividend payments of 256,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-7.12 Billion | -14.94% |
| Dividends Paid | €256.00 Million | -0.54% |
| Other Changes | €353.00 Million | +0.74% |
| Total Change | €- | -12.84% |
Book Value vs Market Value Analysis
This analysis compares Angang Steel Company Limited'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: 0.03x
- 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 |
|---|---|---|---|
| 2017-12-31 | €5.31 | €0.13 | x |
| 2018-12-31 | €5.52 | €0.13 | x |
| 2019-12-31 | €5.54 | €0.13 | x |
| 2020-12-31 | €5.67 | €0.13 | x |
| 2021-12-31 | €6.34 | €0.13 | x |
| 2022-12-31 | €6.18 | €0.13 | x |
| 2023-12-31 | €5.83 | €0.13 | x |
| 2024-12-31 | €5.08 | €0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Angang Steel Company Limited 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): -14.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.78%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 2.11x
- Recent ROE (-14.94%) is below the historical average (1.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.64% | 1.02% | 0.81x | 1.97x | €-3.93 Billion |
| 2014 | 1.94% | 1.25% | 0.81x | 1.91x | €-3.85 Billion |
| 2015 | -10.61% | -8.71% | 0.60x | 2.05x | €-8.92 Billion |
| 2016 | 3.60% | 2.79% | 0.66x | 1.96x | €-2.87 Billion |
| 2017 | 11.22% | 6.65% | 0.95x | 1.79x | €607.70 Million |
| 2018 | 15.30% | 7.56% | 1.17x | 1.73x | €2.76 Billion |
| 2019 | 3.43% | 1.69% | 1.20x | 1.69x | €-3.42 Billion |
| 2020 | 3.71% | 1.96% | 1.15x | 1.65x | €-3.36 Billion |
| 2021 | 11.61% | 5.07% | 1.40x | 1.63x | €958.40 Million |
| 2022 | 0.27% | 0.12% | 1.35x | 1.67x | €-5.66 Billion |
| 2023 | -5.95% | -2.82% | 1.19x | 1.77x | €-8.73 Billion |
| 2024 | -14.94% | -6.78% | 1.04x | 2.11x | €-11.89 Billion |
Industry Comparison
This section compares Angang Steel Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $29,038,562,295
- Average return on equity (ROE) among peers: 0.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Angang Steel Company Limited (GNV) | €47.65 Billion | 1.64% | 1.07x | $211.23 Million |
| Tiangong International Company Limited (34T1) | $7.45 Billion | 4.81% | 0.78x | $1.09 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $85.82 Million | -3.17% | 0.03x | $29.55 Million |
| Aperam SA (7AA) | $3.39 Billion | 18.43% | 0.84x | $3.49 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.21 Billion | 0.28% | 0.61x | $3.49 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.55 Billion | 21.83% | 1.48x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $7.59 Billion | 61.94% | 1.52x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $76.67 Million | -104.28% | 0.43x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $19.85 Billion | -7.53% | 0.88x | $63.54 Million |
| Da Ming International Holdings Limited (DM7) | $1.75 Billion | 5.58% | 1.98x | $94.78 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $244.42 Billion | 5.52% | 0.74x | $3.00 Billion |
About Angang Steel Company Limited
Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People's Republic of China and internationally. Its principal products include hot rolled sheets, medium and high sheets, cold rolled sheets, galvanized steel sheets, color coating sheets, cold rolled silicon steel, heavy rails and profiles, seamless steel pipes, and wire rods. The company also e… Read more