SMA Solar Technology AG (S92) - Net Assets

Latest as of December 2025: €365.54 Million EUR ≈ $427.35 Million USD

Based on the latest financial reports, SMA Solar Technology AG (S92) has net assets worth €365.54 Million EUR (≈ $427.35 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.31 Billion ≈ $1.53 Billion USD) and total liabilities (€940.43 Million ≈ $1.10 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 SMA Solar Technology AG (S92) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets €365.54 Million
% of Total Assets 27.99%
Annual Growth Rate -5.54%
5-Year Change -10.93%
10-Year Change -37.53%
Growth Volatility 21.39

SMA Solar Technology AG - Net Assets Trend (2013–2025)

This chart illustrates how SMA Solar Technology AG's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of SMA Solar Technology AG.

Annual Net Assets for SMA Solar Technology AG (2013–2025)

The table below shows the annual net assets of SMA Solar Technology AG from 2013 to 2025. Also explore S92 shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 €365.54 Million
≈ $427.35 Million		 -33.94%
2024-12-31 €553.32 Million
≈ $646.88 Million		 -19.36%
2023-12-31 €686.18 Million
≈ $802.22 Million		 +48.04%
2022-12-31 €463.52 Million
≈ $541.91 Million		 +12.94%
2021-12-31 €410.41 Million
≈ $479.81 Million		 -6.54%
2020-12-31 €439.15 Million
≈ $513.41 Million		 +5.34%
2019-12-31 €416.89 Million
≈ $487.39 Million		 -1.79%
2018-12-31 €424.48 Million
≈ $496.26 Million		 -30.59%
2017-12-31 €611.52 Million
≈ $714.93 Million		 +4.51%
2016-12-31 €585.11 Million
≈ $684.06 Million		 +2.61%
2015-12-31 €570.21 Million
≈ $666.63 Million		 +3.31%
2014-12-31 €551.96 Million
≈ $645.30 Million		 -23.81%
2013-12-31 €724.43 Million
≈ $846.93 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to SMA Solar Technology AG'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 63.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings €211.64 Million 57.90%
Other Components €153.90 Million 42.10%
Total Equity €365.54 Million 100.00%

SMA Solar Technology AG Competitors by Market Cap

The table below lists competitors of SMA Solar Technology AG ranked by their market capitalization.

Company Market Cap
Compania Cervecerias Unidas SA
SN:CCU
 $2.17 Billion
Guangzhou Lingwe Technology Co. Ltd. A
SHE:301373
 $2.17 Billion
Signify N.V.
AS:LIGHT
 $2.17 Billion
Jangho Group Co Ltd
SHG:601886
 $2.17 Billion
TES Co. Ltd
KQ:095610
 $2.17 Billion
BeiJing DaHao Technology Co Lt
SHG:603025
 $2.17 Billion
Tiger Brands Ltd
JSE:TBS
 $2.17 Billion
Ichor Holdings Ltd
NASDAQ:ICHR
 $2.17 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in SMA Solar Technology AG's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 553,316,000 to 365,536,000, a change of -187,780,000 (-33.9%).
  • Net loss of 181,131,000 reduced equity.
  • Other factors decreased equity by 6,649,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income €-181.13 Million -49.55%
Other Changes €-6.65 Million -1.82%
Total Change €- -33.94%

Book Value vs Market Value Analysis

This analysis compares SMA Solar Technology AG'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: 5.39x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 3.22x to 5.39x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 €17.62 €56.80 x
2018-12-31 €12.23 €56.80 x
2019-12-31 €12.01 €56.80 x
2020-12-31 €12.66 €56.80 x
2021-12-31 €11.83 €56.80 x
2022-12-31 €13.36 €56.80 x
2023-12-31 €19.77 €56.80 x
2024-12-31 €15.95 €56.80 x
2025-12-31 €10.53 €56.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently SMA Solar Technology AG 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): -49.55%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -11.95%
  • • Asset Turnover: 1.16x
  • • Equity Multiplier: 3.57x
  • Recent ROE (-49.55%) is below the historical average (-7.51%), 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 -9.20% -7.14% 0.74x 1.74x €-139.04 Million
2014 -32.43% -22.23% 0.68x 2.14x €-234.22 Million
2015 2.51% 1.46% 0.85x 2.04x €-42.72 Million
2016 5.06% 3.13% 0.78x 2.07x €-28.91 Million
2017 4.93% 3.38% 0.73x 1.99x €-31.00 Million
2018 -41.34% -23.06% 0.77x 2.33x €-217.94 Million
2019 -2.07% -0.94% 0.83x 2.66x €-50.32 Million
2020 6.40% 2.74% 0.98x 2.39x €-15.82 Million
2021 -5.60% -2.34% 0.93x 2.56x €-64.04 Million
2022 12.04% 5.24% 0.96x 2.39x €9.46 Million
2023 32.89% 11.85% 1.17x 2.36x €157.05 Million
2024 -21.28% -7.69% 0.99x 2.79x €-173.06 Million
2025 -49.55% -11.95% 1.16x 3.57x €-217.68 Million

Industry Comparison

This section compares SMA Solar Technology AG's net assets metrics with peer companies in the Solar industry.

Industry Context

  • Industry: Solar
  • Average net assets among peers: $11,230,041,252
  • Average return on equity (ROE) among peers: -246.88%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
SMA Solar Technology AG (S92) €365.54 Million -9.20% 2.57x $2.17 Billion
COLUMBUS ENERGY S.A. ZY 7 (0Q8) $-78.59 Million 0.00% 0.00x $46.15 Million
Xinyi Solar Holdings Ltd (13X) $32.02 Billion 14.24% 0.36x $2.20 Billion
XINYI SOLAR UNSP.ADR/20 (13X0) $34.50 Billion 11.14% 0.60x $2.88 Billion
TECH INVEST GROUP ZY-02 (6N2) $6.05 Million -64.71% 2.18x $2.27 Million
FLAT GLASS GROUP H YC-25 (72T) $22.29 Billion 12.38% 0.93x $312.43 Million
COMTEC SOLAR SYS HD -004 (8C11) $-164.15 Million 0.00% 0.00x $4.96 Million
XINTE ENERGY CO. CL.H YC1 (9M7) $23.39 Billion 21.19% 1.49x $162.72 Million
7C Solarparken AG (HRPK) $250.16 Million 4.03% 1.26x $147.16 Million
HODL SPAC EUROPE AB (NW1) $53.58 Million 6.01% 0.12x $392.16K
Global PVQ SE (QCE) $34.20 Million -2473.10% 34.55x $371.09K

About SMA Solar Technology AG

F:S92 Germany Solar
Market Cap
$2.30 Billion
€1.97 Billion EUR
Market Cap Rank
#5892 Global
#899 in Germany
Share Price
€56.80
Change (1 day)
+0.71%
52-Week Range
€20.96 - €68.10
All Time High
€109.94
Categories
Companies in Germany Solar
About

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. The company operates in two segments: Home & Business Solutions and Large Scale & Project Solutions. It offers solar and battery inverters, hybrid inverters, system solutions… Read more