Jiangsu Expressway Company Limited (JE2) - Net Assets
Based on the latest financial reports, Jiangsu Expressway Company Limited (JE2) has net assets worth €52.12 Billion EUR (≈ $60.93 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 (€96.13 Billion ≈ $112.39 Billion USD) and total liabilities (€44.02 Billion ≈ $51.46 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 Jiangsu Expressway Company Limited (JE2) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €52.12 Billion |
| % of Total Assets | 54.21% |
| Annual Growth Rate | 8.59% |
| 5-Year Change | 50.48% |
| 10-Year Change | 134.75% |
| Growth Volatility | 6.03 |
Jiangsu Expressway Company Limited - Net Assets Trend (2013–2024)
This chart illustrates how Jiangsu Expressway Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore JE2 total assets for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Expressway Company Limited (2013–2024)
The table below shows the annual net assets of Jiangsu Expressway Company Limited from 2013 to 2024. For live valuation and market cap data, see Jiangsu Expressway Company Limited (JE2) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €49.73 Billion ≈ $58.14 Billion |
+21.63% |
| 2023-12-31 | €40.89 Billion ≈ $47.80 Billion |
+7.74% |
| 2022-12-31 | €37.95 Billion ≈ $44.37 Billion |
+7.33% |
| 2021-12-31 | €35.36 Billion ≈ $41.34 Billion |
+6.99% |
| 2020-12-31 | €33.05 Billion ≈ $38.64 Billion |
+1.12% |
| 2019-12-31 | €32.68 Billion ≈ $38.21 Billion |
+11.34% |
| 2018-12-31 | €29.35 Billion ≈ $34.32 Billion |
+13.36% |
| 2017-12-31 | €25.89 Billion ≈ $30.27 Billion |
+12.87% |
| 2016-12-31 | €22.94 Billion ≈ $26.82 Billion |
+8.29% |
| 2015-12-31 | €21.19 Billion ≈ $24.77 Billion |
-2.37% |
| 2014-12-31 | €21.70 Billion ≈ $25.37 Billion |
+7.97% |
| 2013-12-31 | €20.10 Billion ≈ $23.50 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Expressway 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 grown by 124.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €15.69 Billion | 40.65% |
| Other Components | €22.91 Billion | 59.35% |
| Total Equity | €38.60 Billion | 100.00% |
Jiangsu Expressway Company Limited Competitors by Market Cap
The table below lists competitors of Jiangsu Expressway Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Diversified Healthcare Trust
NASDAQ:DHC
|
$1.59 Billion |
|
Jubilant Pharmova Limited
NSE:JUBLPHARMA
|
$1.59 Billion |
|
Yutong Optical
SHE:300790
|
$1.59 Billion |
|
Xinjiang Tecon Animal Husbandry Bio-Technology Co Ltd
SHE:002100
|
$1.59 Billion |
|
Systemair AB
ST:SYSR
|
$1.59 Billion |
|
BlueNord ASA
OL:BNOR
|
$1.58 Billion |
|
Xenia Hotels & Resorts Inc
NYSE:XHR
|
$1.58 Billion |
|
Dime Community Bancshares Inc
NASDAQ:DCOM
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Expressway Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,987,287,307 to 38,596,795,652, a change of 4,609,508,345 (13.6%).
- Net income of 4,946,691,605 contributed positively to equity growth.
- Dividend payments of 3,330,286,302 reduced retained earnings.
- Other factors increased equity by 2,993,103,041.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.95 Billion | +12.82% |
| Dividends Paid | €3.33 Billion | -8.63% |
| Other Changes | €2.99 Billion | +7.75% |
| Total Change | €- | 13.56% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Expressway 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: 0.14x
- 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 | €4.67 | €1.11 | x |
| 2018-12-31 | €5.19 | €1.11 | x |
| 2019-12-31 | €5.67 | €1.11 | x |
| 2020-12-31 | €5.60 | €1.11 | x |
| 2021-12-31 | €6.00 | €1.11 | x |
| 2022-12-31 | €6.34 | €1.11 | x |
| 2023-12-31 | €6.75 | €1.11 | x |
| 2024-12-31 | €7.66 | €1.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Expressway 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): 12.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.32%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.33x
- Recent ROE (12.82%) is below the historical average (13.20%), 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 | 13.82% | 35.56% | 0.28x | 1.37x | €748.09 Million |
| 2014 | 10.60% | 25.23% | 0.24x | 1.78x | €126.31 Million |
| 2015 | 12.24% | 28.61% | 0.24x | 1.78x | €459.01 Million |
| 2016 | 15.07% | 36.37% | 0.25x | 1.63x | €1.13 Billion |
| 2017 | 15.25% | 37.94% | 0.22x | 1.81x | €1.24 Billion |
| 2018 | 16.74% | 43.90% | 0.21x | 1.84x | €1.76 Billion |
| 2019 | 14.71% | 41.67% | 0.18x | 1.95x | €1.35 Billion |
| 2020 | 8.74% | 30.68% | 0.13x | 2.17x | €-356.78 Million |
| 2021 | 13.82% | 30.30% | 0.20x | 2.24x | €1.16 Billion |
| 2022 | 11.66% | 28.09% | 0.17x | 2.46x | €530.03 Million |
| 2023 | 12.99% | 29.05% | 0.19x | 2.31x | €1.01 Billion |
| 2024 | 12.82% | 21.32% | 0.26x | 2.33x | €1.09 Billion |
Industry Comparison
This section compares Jiangsu Expressway Company Limited's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $18,075,149,803
- Average return on equity (ROE) among peers: 9.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Expressway Company Limited (JE2) | €52.12 Billion | 13.82% | 0.84x | $1.59 Billion |
| Sichuan Expressway Company Limited (EXF1) | $11.53 Billion | 8.76% | 1.08x | $654.20 Million |
| Anhui Expressway Company Limited (HU7) | $11.57 Billion | 9.49% | 0.38x | $1.06 Billion |
| Shenzhen Expressway Company Limited (SHZH) | $27.20 Billion | 4.21% | 1.48x | $690.39 Million |
| Zhejiang Expressway Co. Ltd (ZHJ) | $22.00 Billion | 13.59% | 2.36x | $2.00 Billion |
About Jiangsu Expressway Company Limited
Jiangsu Expressway Company Limited, together with its subsidiaries, engages in investment, construction, operation, and management of toll roads and bridges in the People's Republic of China. The company operates the Jiangsu section of Shanghai-Nanjing Expressway, Ningchang Expressway, Zhenli Expressway, Guangjing Expressway, Xicheng Expressway, Xiyi Expressway, Zhendan Expressway, Changyi Expres… Read more