Red Electrica Corporacion SA (RE2) - Net Assets
Based on the latest financial reports, Red Electrica Corporacion SA (RE2) has net assets worth €5.31 Billion EUR (≈ $6.21 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 (€15.35 Billion ≈ $17.94 Billion USD) and total liabilities (€10.03 Billion ≈ $11.73 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 financial resilience of Red Electrica Corporacion SA to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.31 Billion |
| % of Total Assets | 34.63% |
| Annual Growth Rate | 9.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.4 |
Red Electrica Corporacion SA - Net Assets Trend (2021–2025)
This chart illustrates how Red Electrica Corporacion SA's net assets have evolved over time, based on quarterly financial data. Also explore Red Electrica Corporacion SA total assets for the complete picture of this company's asset base.
Annual Net Assets for Red Electrica Corporacion SA (2021–2025)
The table below shows the annual net assets of Red Electrica Corporacion SA from 2021 to 2025. For live valuation and market cap data, see market value of Red Electrica Corporacion SA.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.31 Billion ≈ $6.21 Billion |
+1.04% |
| 2024-12-31 | €5.26 Billion ≈ $6.15 Billion |
-4.87% |
| 2023-12-31 | €5.53 Billion ≈ $6.46 Billion |
+12.97% |
| 2022-12-31 | €4.89 Billion ≈ $5.72 Billion |
+32.81% |
| 2021-12-31 | €3.69 Billion ≈ $4.31 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Red Electrica Corporacion SA'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 25.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €505.64 Million | 9.63% |
| Other Components | €4.74 Billion | 90.37% |
| Total Equity | €5.25 Billion | 100.00% |
Red Electrica Corporacion SA Competitors by Market Cap
The table below lists competitors of Red Electrica Corporacion SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inpost SA
AS:INPST
|
$7.62 Billion |
|
Kirby Corporation
NYSE:KEX
|
$7.63 Billion |
|
NIBE Industrier AB (publ)
ST:NIBE-B
|
$7.63 Billion |
|
Hoa Phat Group JSC
VN:HPG
|
$7.64 Billion |
|
Nippon Life India Asset Management Limited
NSE:NAM-INDIA
|
$7.61 Billion |
|
Sichuan Em Technology Co Ltd
SHG:601208
|
$7.61 Billion |
|
Simpson Manufacturing Company Inc
NYSE:SSD
|
$7.61 Billion |
|
Huadong Medicine Co Ltd
SHE:000963
|
$7.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Red Electrica Corporacion SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,153,957,000 to 5,248,068,000, a change of 94,111,000 (1.8%).
- Net income of 505,643,000 contributed positively to equity growth.
- Dividend payments of 460,782,000 reduced retained earnings.
- New share issuances of 8,081,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €505.64 Million | +9.63% |
| Dividends Paid | €460.78 Million | -8.78% |
| Share Issuances | €8.08 Million | +0.15% |
| Other Changes | €41.17 Million | +0.78% |
| Total Change | €- | 1.83% |
Book Value vs Market Value Analysis
This analysis compares Red Electrica Corporacion SA'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: 0.72x
- 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 1.04x to 0.72x 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 | €6.73 | €7.00 | x |
| 2022-12-31 | €8.88 | €7.00 | x |
| 2023-12-31 | €10.02 | €7.00 | x |
| 2024-12-31 | €9.54 | €7.00 | x |
| 2025-12-31 | €9.71 | €7.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Red Electrica Corporacion SA 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): 9.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.47%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.92x
- Recent ROE (9.63%) is below the historical average (12.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.74% | 34.85% | 0.14x | 3.85x | €317.52 Million |
| 2022 | 13.88% | 32.99% | 0.14x | 3.09x | €185.78 Million |
| 2023 | 12.75% | 37.92% | 0.13x | 2.68x | €148.76 Million |
| 2024 | 7.15% | 23.11% | 0.11x | 2.93x | €-146.96 Million |
| 2025 | 9.63% | 30.47% | 0.11x | 2.92x | €-19.16 Million |
Industry Comparison
This section compares Red Electrica Corporacion SA's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,489,326,972,900
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Red Electrica Corporacion SA (RE2) | €5.31 Billion | 18.74% | 1.89x | $7.62 Billion |
| BEIJ.JINGNENG CL.ERG.HYC1 (BJ6) | $37.48 Billion | 8.92% | 1.70x | $774.12 Million |
| CENTRAL PUERTO ADR/1 AP1 (C3TA) | $2.62 Trillion | 13.24% | 0.40x | $2.14 Billion |
| Companhia Energética de Minas Gerais (CID) | $15.94 Billion | 10.93% | 2.76x | $4.23 Billion |
| CLP HLDGS LTD ADR/1 HD 5 (CLP1) | $117.42 Billion | 9.08% | 1.03x | $19.96 Billion |
| S.ENER.ELEC.SP.GDR REGS 1 (ECEA) | $4.95 Billion | -11.16% | 0.59x | $1.10 Billion |
| ENDESA ADR/ 1/2 EO 120 (ENAA) | $5.76 Billion | 44.13% | 7.70x | $34.26 Billion |
| Korea Electric Power Corporation (KOP) | $42.00 Trillion | -58.25% | 4.59x | $14.77 Billion |
| Mainova AG (MNV6) | $1.26 Billion | 10.24% | 1.41x | $2.67 Billion |
| National Grid plc (NNGD) | $20.38 Billion | 38.24% | 2.23x | $71.15 Billion |
| Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (PWD1) | $73.69 Billion | -28.96% | 2.23x | $495.87 Million |
About Red Electrica Corporacion SA
Redeia Corporación, S.A., through with its subsidiaries, engages in the management of the Spanish electricity transport network in Spain and internationally. The company operates through three segments: Management and Operation of Domestic Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications. The company is involved in electricit… Read more