SMA SOLAR T. UNSP.ADR/01 (S93) - Net Assets
Based on the latest financial reports, SMA SOLAR T. UNSP.ADR/01 (S93) 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. Also explore SMA SOLAR T. UNSP.ADR/01 asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €365.54 Million |
| % of Total Assets | 27.99% |
| Annual Growth Rate | -2.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 31.63 |
SMA SOLAR T. UNSP.ADR/01 - Net Assets Trend (2021–2025)
This chart illustrates how SMA SOLAR T. UNSP.ADR/01's net assets have evolved over time, based on quarterly financial data. Check S93 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for SMA SOLAR T. UNSP.ADR/01 (2021–2025)
The table below shows the annual net assets of SMA SOLAR T. UNSP.ADR/01 from 2021 to 2025. For live valuation and market cap data, see SMA SOLAR T. UNSP.ADR/01 (S93) market capitalisation.
| 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 |
+13.60% |
| 2021-12-31 | €408.02 Million ≈ $477.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SMA SOLAR T. UNSP.ADR/01'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 16.7% 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 T. UNSP.ADR/01 Competitors by Market Cap
The table below lists competitors of SMA SOLAR T. UNSP.ADR/01 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JiShi Media Co Ltd
SHG:601929
|
$1.11 Billion |
|
Triveni Engineering & Industries Limited
NSE:TRIVENI
|
$1.11 Billion |
|
Nantong Jiangshan Agrochemical & Chemicals Co Ltd
SHG:600389
|
$1.11 Billion |
|
Harbin Electric
F:HP6H
|
$1.11 Billion |
|
Pabrik Kertas Tjiwi Kimia Tbk
JK:TKIM
|
$1.11 Billion |
|
MPC Container Ships ASA
OL:MPCC
|
$1.11 Billion |
|
Jinhui Liquor Co Ltd
SHG:603919
|
$1.11 Billion |
|
Jiangsu Shagang Co Ltd
SHE:002075
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMA SOLAR T. UNSP.ADR/01'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 T. UNSP.ADR/01'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: 0.45x
- 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 |
|---|---|---|---|
| 2021-12-31 | €11.76 | €4.70 | x |
| 2022-12-31 | €13.36 | €4.70 | x |
| 2023-12-31 | €19.77 | €4.70 | x |
| 2024-12-31 | €15.95 | €4.70 | x |
| 2025-12-31 | €10.53 | €4.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMA SOLAR T. UNSP.ADR/01 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 (-6.32%), 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 | -5.68% | -2.36% | 0.93x | 2.58x | €-63.97 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 T. UNSP.ADR/01's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $8,938,216,392
- Average return on equity (ROE) among peers: -63.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMA SOLAR T. UNSP.ADR/01 (S93) | €365.54 Million | -5.68% | 2.57x | $1.11 Billion |
| COLUMBUS ENERGY S.A. ZY 7 (0Q8) | $26.36 Million | -424.50% | 28.70x | $41.73 Million |
| Xinyi Solar Holdings Ltd (13X) | $6.89 Billion | 17.49% | 0.85x | $2.29 Billion |
| XINYI SOLAR UNSP.ADR/20 (13X0) | $31.51 Billion | 10.70% | 0.44x | $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) | $14.03 Billion | 15.13% | 1.31x | $369.23 Million |
| COMTEC SOLAR SYS HD -004 (8C11) | $-113.46 Million | 0.00% | 0.00x | $4.96 Million |
| XINTE ENERGY CO. CL.H YC1 (9M7) | $36.04 Billion | 36.95% | 1.20x | $182.95 Million |
| 7C Solarparken AG (HRPK) | $219.09 Million | -3.57% | 1.36x | $147.16 Million |
| HODL SPAC EUROPE AB (NW1) | $31.79 Million | -37.42% | 0.19x | $392.16K |
| Global PVQ SE (QCE) | $737.00 Million | -182.21% | 2.02x | $329.86K |
About SMA SOLAR T. UNSP.ADR/01
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 three segments: Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions. It offers solar and battery inverters, hybrid … Read more