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 S92 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See SMA Solar Technology AG (S92) liquidity interval to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see market cap of SMA Solar Technology AG.

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
Jenoptik AG F:JEN	$2.10 Billion
Yunnan Botanee Bio-Technology Group Co Ltd SHE:300957	$2.10 Billion
Guangdong Ellington Electronics Technology Co Ltd SHG:603328	$2.10 Billion
Turpaz Industries Ltd TA:TRPZ	$2.10 Billion
Banco do Nordeste do Brasil S.A SA:BNBR3	$2.10 Billion
Dongjin Semichem Co. Ltd KQ:005290	$2.10 Billion
Zhejiang Youpon Integrated Ceiling Co Ltd SHE:002718	$2.10 Billion
BTG Hotels Group Co Ltd SHG:600258	$2.10 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: 4.92x
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 2.94x to 4.92x 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	€51.80	x
2018-12-31	€12.23	€51.80	x
2019-12-31	€12.01	€51.80	x
2020-12-31	€12.66	€51.80	x
2021-12-31	€11.83	€51.80	x
2022-12-31	€13.36	€51.80	x
2023-12-31	€19.77	€51.80	x
2024-12-31	€15.95	€51.80	x
2025-12-31	€10.53	€51.80	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: $12,244,112,568
Average return on equity (ROE) among peers: -292.24%

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	$2.10 Billion
COLUMBUS ENERGY S.A. ZY 7 (0Q8)	$26.36 Million	-424.50%	28.70x	$50.34 Million
Xinyi Solar Holdings Ltd (13X)	$34.94 Billion	2.42%	0.63x	$2.87 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)	$11.81 Billion	17.95%	0.70x	$402.80 Million
COMTEC SOLAR SYS HD -004 (8C11)	$-160.42 Million	0.00%	0.00x	$7.43 Million
XINTE ENERGY CO. CL.H YC1 (9M7)	$41.23 Billion	10.54%	1.08x	$204.94 Million
7C Solarparken AG (HRPK)	$32.39 Million	0.00%	0.76x	$147.16 Million
HODL SPAC EUROPE AB (NW1)	$29.06 Million	-2.16%	0.00x	$202.58K
Global PVQ SE (QCE)	$34.20 Million	-2473.10%	34.55x	$288.63K

About SMA Solar Technology AG

F:S92 Germany Solar

Market Cap

$2.10 Billion

€1.80 Billion EUR

Market Cap Rank

#6149 Global

#924 in Germany

Share Price

€51.80

Change (1 day)

+6.98%

52-Week Range

€15.91 - €68.10

All Time High

€109.94