Ternium S.A
Ternium S.A., together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through two segments, Steel and Mining. The Steel segment offers slabs, heavy plates, hot and cold rolled products, coated products, stamped steel parts for the automotive industry, roll-formed and tubular products, billets, bars, and other… Read more
Ternium S.A (T5Z) - Net Assets
Latest net assets as of September 2025: €16.30 Billion EUR
Based on the latest financial reports, Ternium S.A (T5Z) has net assets worth €16.30 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€23.47 Billion) and total liabilities (€7.17 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 | €16.30 Billion |
| % of Total Assets | 69.45% |
| Annual Growth Rate | 15.29% |
| 5-Year Change | 91.06% |
| 10-Year Change | N/A |
| Growth Volatility | 14.34 |
Ternium S.A - Net Assets Trend (2016–2024)
This chart illustrates how Ternium S.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 Ternium S.A (2016–2024)
The table below shows the annual net assets of Ternium S.A from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €16.13 Billion | -4.05% |
| 2023-12-31 | €16.81 Billion | +22.10% |
| 2022-12-31 | €13.77 Billion | +12.53% |
| 2021-12-31 | €12.23 Billion | +44.91% |
| 2020-12-31 | €8.44 Billion | +9.44% |
| 2019-12-31 | €7.71 Billion | +3.08% |
| 2018-12-31 | €7.48 Billion | +27.88% |
| 2017-12-31 | €5.85 Billion | +13.28% |
| 2016-12-31 | €5.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ternium S.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 79.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €13.25 Billion | 110.70% |
| Total Equity | €11.97 Billion | 100.00% |
Ternium S.A Competitors by Market Cap
The table below lists competitors of Ternium S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Erie Indemnity Company
NASDAQ:ERIE
|
$6.21 Billion |
|
Guangdong Investment Ltd
PINK:GGDVY
|
$6.22 Billion |
|
Maplebear Inc.
NASDAQ:CART
|
$6.22 Billion |
|
Ormat Technologies Inc
NYSE:ORA
|
$6.23 Billion |
|
Ibiden Co.Ltd
PINK:IBIDF
|
$6.20 Billion |
|
Lear Corporation
NYSE:LEA
|
$6.20 Billion |
|
WH Group Limited
PINK:WHGRF
|
$6.19 Billion |
|
Wipro Limited
F:WIOA
|
$6.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ternium S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,418,595,000 to 11,968,186,000, a change of -450,409,000 (-3.6%).
- Net loss of 53,672,000 reduced equity.
- Dividend payments of 608,554,000 reduced retained earnings.
- Other factors increased equity by 211,817,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-53.67 Million | -0.45% |
| Dividends Paid | €608.55 Million | -5.08% |
| Other Changes | €211.82 Million | +1.77% |
| Total Change | €- | -3.63% |
Book Value vs Market Value Analysis
This analysis compares Ternium S.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: 5.41x
- 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 decreased from 12.93x to 5.41x 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 | €2.55 | €33.00 | x |
| 2018-12-31 | €3.26 | €33.00 | x |
| 2019-12-31 | €3.37 | €33.00 | x |
| 2020-12-31 | €3.71 | €33.00 | x |
| 2021-12-31 | €5.37 | €33.00 | x |
| 2022-12-31 | €6.03 | €33.00 | x |
| 2023-12-31 | €6.33 | €33.00 | x |
| 2024-12-31 | €6.10 | €33.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ternium S.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): -0.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.30%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.93x
- Recent ROE (-0.45%) is below the historical average (14.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.56% | 8.25% | 0.87x | 1.90x | €156.51 Million |
| 2017 | 17.69% | 9.14% | 0.80x | 2.42x | €385.18 Million |
| 2018 | 23.57% | 13.15% | 0.91x | 1.96x | €867.32 Million |
| 2019 | 8.53% | 5.54% | 0.79x | 1.96x | €-96.90 Million |
| 2020 | 10.68% | 8.91% | 0.68x | 1.76x | €49.89 Million |
| 2021 | 36.31% | 23.77% | 0.94x | 1.62x | €2.77 Billion |
| 2022 | 14.92% | 10.77% | 0.94x | 1.48x | €582.92 Million |
| 2023 | 5.44% | 3.84% | 0.73x | 1.95x | €-565.82 Million |
| 2024 | -0.45% | -0.30% | 0.76x | 1.93x | €-1.25 Billion |
Industry Comparison
This section compares Ternium S.A's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $52,743,896,026
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ternium S.A (T5Z) | €16.30 Billion | 13.56% | 0.44x | $6.21 Billion |
| PT Krakatau Steel (Persero) Tbk (07K) | $1.85 Billion | -4.41% | 1.22x | $45.67 Million |
| Xiwang Special Steel Company Limited (2XI) | $3.13 Billion | 12.25% | 2.32x | $64.01K |
| Tiangong International Company Limited (34T1) | $5.20 Billion | 7.59% | 0.96x | $232.31 Million |
| Fenix Resources Limited (4ER) | $118.73 Million | 42.70% | 0.36x | $88.47 Million |
| INDUSTRIAS CH-B (AKQ.SG) (AKQ) | $43.03 Billion | 6.90% | 0.29x | $2.77 Billion |
| BE Group AB (publ) (BGA1) | $892.00 Million | 8.97% | 1.37x | $23.57 Million |
| China Vanadium Titano-Magnetite Mining Company Limited (CV8S) | $915.45 Million | -1.86% | 0.34x | $7.47 Million |
| Shougang Concord Century Holdings Limited (CW7) | $1.39 Billion | -4.92% | 1.48x | $40.36 Million |
| Daido Steel Co. Ltd (DDL) | $469.14 Billion | 6.04% | 0.67x | $1.74 Billion |
| Da Ming International Holdings Limited (DM7) | $1.75 Billion | 5.58% | 1.98x | $31.19 Million |