Snam S.p.A (SNM) - Net Assets
Based on the latest financial reports, Snam S.p.A (SNM) has net assets worth €9.18 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€35.95 Billion) and total liabilities (€26.77 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.18 Billion |
| % of Total Assets | 25.54% |
| Annual Growth Rate | 3.74% |
| 5-Year Change | 38.64% |
| 10-Year Change | 18.28% |
| Growth Volatility | 9.27 |
Snam S.p.A - Net Assets Trend (2013–2024)
This chart illustrates how Snam S.p.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Snam S.p.A (2013–2024)
The table below shows the annual net assets of Snam S.p.A from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €8.97 Billion | +16.84% |
| 2023-12-31 | €7.68 Billion | +2.07% |
| 2022-12-31 | €7.52 Billion | +3.92% |
| 2021-12-31 | €7.24 Billion | +11.87% |
| 2020-12-31 | €6.47 Billion | +3.42% |
| 2019-12-31 | €6.26 Billion | +4.56% |
| 2018-12-31 | €5.99 Billion | -3.28% |
| 2017-12-31 | €6.19 Billion | -4.76% |
| 2016-12-31 | €6.50 Billion | -14.36% |
| 2015-12-31 | €7.59 Billion | +5.77% |
| 2014-12-31 | €7.17 Billion | +19.65% |
| 2013-12-31 | €5.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Snam S.p.A'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 65.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.66 Billion | 52.14% |
| Other Components | €4.27 Billion | 47.86% |
| Total Equity | €8.93 Billion | 100.00% |
Snam S.p.A Competitors by Market Cap
The table below lists competitors of Snam S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Expeditors International of Washington, Inc.
NYSE:EXPD
|
$19.47 Billion |
|
Incyte Corporation
NASDAQ:INCY
|
$19.47 Billion |
|
Zangge Holding Co Ltd
SHE:000408
|
$19.50 Billion |
|
Evolution Mining Ltd
AU:EVN
|
$19.51 Billion |
|
International Flavors & Fragrances Inc
NYSE:IFF
|
$19.43 Billion |
|
Amer Sports, Inc.
NYSE:AS
|
$19.42 Billion |
|
AECC Aviation Power Co Ltd
SHG:600893
|
$19.41 Billion |
|
B3 S.A. - Brasil Bolsa Balcão
SA:B3SA3
|
$19.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Snam S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,635,000,000 to 8,929,000,000, a change of 1,294,000,000 (16.9%).
- Net income of 1,259,000,000 contributed positively to equity growth.
- Dividend payments of 946,000,000 reduced retained earnings.
- Share repurchases of 2,000,000 reduced equity.
- Other factors increased equity by 983,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.26 Billion | +14.1% |
| Dividends Paid | €946.00 Million | -10.59% |
| Share Repurchases | €2.00 Million | -0.02% |
| Other Changes | €983.00 Million | +11.01% |
| Total Change | €- | 16.95% |
Book Value vs Market Value Analysis
This analysis compares Snam S.p.A'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: 2.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.59x to 2.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.81 | €6.50 | x |
| 2018-12-31 | €1.81 | €6.50 | x |
| 2019-12-31 | €1.90 | €6.50 | x |
| 2020-12-31 | €1.98 | €6.50 | x |
| 2021-12-31 | €2.20 | €6.50 | x |
| 2022-12-31 | €2.23 | €6.50 | x |
| 2023-12-31 | €2.28 | €6.50 | x |
| 2024-12-31 | €2.66 | €6.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Snam S.p.A 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): 14.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.48%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 4.01x
- Recent ROE (14.10%) is below the historical average (15.44%), 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 | 15.30% | 24.02% | 0.16x | 3.98x | €317.70 Million |
| 2014 | 16.71% | 31.26% | 0.15x | 3.47x | €480.90 Million |
| 2015 | 16.32% | 48.53% | 0.10x | 3.28x | €479.50 Million |
| 2016 | 13.25% | 34.52% | 0.12x | 3.10x | €211.30 Million |
| 2017 | 14.50% | 35.64% | 0.12x | 3.53x | €278.20 Million |
| 2018 | 16.04% | 37.12% | 0.11x | 3.77x | €361.50 Million |
| 2019 | 17.43% | 40.90% | 0.11x | 3.84x | €464.50 Million |
| 2020 | 17.02% | 39.75% | 0.11x | 3.97x | €454.10 Million |
| 2021 | 20.77% | 45.54% | 0.12x | 3.77x | €775.70 Million |
| 2022 | 8.99% | 19.19% | 0.11x | 4.34x | €-75.80 Million |
| 2023 | 14.87% | 26.74% | 0.13x | 4.39x | €371.50 Million |
| 2024 | 14.10% | 35.48% | 0.10x | 4.01x | €366.10 Million |
Industry Comparison
This section compares Snam S.p.A's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $112,421,302,619
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Snam S.p.A (SNM) | €9.18 Billion | 15.30% | 2.92x | $19.45 Billion |
| SHANGH.DAZ.PUBL.UTIL.YC 1 (6WL) | $10.04 Billion | 2.32% | 1.29x | $214.62 Million |
| 7RN (7RN) | $4.05 Billion | 4.83% | 1.18x | $2.54 Billion |
| AB AMBER GRID EO 029 (AMH) | $183.80 Million | 8.52% | 1.98x | $210.36 Million |
| Ops Italia S.p.A. (E2Y0) | $997.00K | -28.79% | 1.71x | $1.92 Million |
| China Gas Holdings Limited (EBZ0) | $72.07 Billion | 10.63% | 1.26x | $4.37 Billion |
| The Hong Kong and China Gas Company Limited (HCG) | $79.15 Billion | 7.73% | 0.90x | $15.56 Billion |
| Chinese People Holdings Company Limited (KEH) | $2.94 Billion | 5.71% | 0.22x | $31.34 Million |
| China Resources Gas Group Limited (LGX1) | $35.36 Billion | 14.26% | 1.29x | $5.31 Billion |
| New Jersey Resources Corporation (NJ1) | $1.55 Billion | 10.92% | 1.82x | $4.50 Billion |
| Osaka Gas Co. Ltd (OSA) | $918.87 Billion | 8.35% | 1.03x | $11.31 Billion |
About Snam S.p.A
Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. It operates through Transportation, Storage, Regasification, Energy Transition, and other segments. The company offers natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants. t also provides natural gas stor… Read more