Telefónica S.A (TNE2) - Net Assets
Based on the latest financial reports, Telefónica S.A (TNE2) has net assets worth €21.34 Billion EUR (≈ $24.95 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€92.57 Billion ≈ $108.22 Billion USD) and total liabilities (€71.22 Billion ≈ $83.27 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 TNE2 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €21.34 Billion |
| % of Total Assets | 23.06% |
| Annual Growth Rate | -2.73% |
| 5-Year Change | 24.58% |
| 10-Year Change | N/A |
| Growth Volatility | 24.26 |
Telefónica S.A - Net Assets Trend (2016–2024)
This chart illustrates how Telefónica S.A's net assets have evolved over time, based on quarterly financial data. Also explore TNE2 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Telefónica S.A (2016–2024)
The table below shows the annual net assets of Telefónica S.A from 2016 to 2024. For live valuation and market cap data, see Telefónica S.A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €22.75 Billion ≈ $26.60 Billion |
-16.04% |
| 2023-12-31 | €27.10 Billion ≈ $31.68 Billion |
-14.55% |
| 2022-12-31 | €31.71 Billion ≈ $37.07 Billion |
+10.54% |
| 2021-12-31 | €28.68 Billion ≈ $33.53 Billion |
+57.09% |
| 2020-12-31 | €18.26 Billion ≈ $21.35 Billion |
-28.25% |
| 2019-12-31 | €25.45 Billion ≈ $29.75 Billion |
-5.67% |
| 2018-12-31 | €26.98 Billion ≈ $31.54 Billion |
+1.36% |
| 2017-12-31 | €26.62 Billion ≈ $31.12 Billion |
-6.23% |
| 2016-12-31 | €28.39 Billion ≈ $33.19 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Telefónica 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 25.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €22.61 Billion | 116.86% |
| Total Equity | €19.35 Billion | 100.00% |
Telefónica S.A Competitors by Market Cap
The table below lists competitors of Telefónica S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huatai Securities Co Ltd
SHG:601688
|
$20.48 Billion |
|
Telefonica Brasil SA ADR
NYSE:VIV
|
$20.48 Billion |
|
Grasim Industries Limited
NSE:GRASIM
|
$20.50 Billion |
|
Zangge Holding Co Ltd
SHE:000408
|
$20.51 Billion |
|
Nan Ya Printed Circuit Board Corp
TW:8046
|
$20.46 Billion |
|
Principal Financial Group Inc
NASDAQ:PFG
|
$20.43 Billion |
|
Telia Company AB
ST:TELIA
|
$20.42 Billion |
|
FUJIFILM HDGS CORP. ADR 1
F:FJIA
|
$20.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telefónica S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,852,000,000 to 19,347,000,000, a change of -2,505,000,000 (-11.5%).
- Net loss of 49,000,000 reduced equity.
- Dividend payments of 1,757,000,000 reduced retained earnings.
- Other factors decreased equity by 699,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-49.00 Million | -0.25% |
| Dividends Paid | €1.76 Billion | -9.08% |
| Other Changes | €-699.00 Million | -3.61% |
| Total Change | €- | -11.46% |
Book Value vs Market Value Analysis
This analysis compares Telefónica 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: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.26 | €3.82 | x |
| 2018-12-31 | €3.46 | €3.82 | x |
| 2019-12-31 | €3.30 | €3.82 | x |
| 2020-12-31 | €2.03 | €3.82 | x |
| 2021-12-31 | €3.84 | €3.82 | x |
| 2022-12-31 | €4.34 | €3.82 | x |
| 2023-12-31 | €3.80 | €3.82 | x |
| 2024-12-31 | €3.43 | €3.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telefónica 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): -0.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.12%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 5.19x
- Recent ROE (-0.25%) is below the historical average (12.35%), 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 | 13.05% | 4.55% | 0.42x | 6.81x | €553.30 Million |
| 2017 | 18.51% | 6.02% | 0.45x | 6.80x | €1.44 Billion |
| 2018 | 18.56% | 6.84% | 0.43x | 6.35x | €1.54 Billion |
| 2019 | 6.67% | 2.36% | 0.41x | 6.94x | €-569.80 Million |
| 2020 | 14.08% | 3.67% | 0.41x | 9.35x | €458.50 Million |
| 2021 | 36.64% | 20.72% | 0.36x | 4.92x | €5.92 Billion |
| 2022 | 8.02% | 5.03% | 0.36x | 4.37x | €-497.80 Million |
| 2023 | -4.08% | -2.19% | 0.39x | 4.77x | €-3.08 Billion |
| 2024 | -0.25% | -0.12% | 0.41x | 5.19x | €-1.98 Billion |
Industry Comparison
This section compares Telefónica S.A's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $41,929,331,538
- Average return on equity (ROE) among peers: 16.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telefónica S.A (TNE2) | €21.34 Billion | 13.05% | 3.34x | $20.47 Billion |
| LIBERTY LAT.AMER.A DL-01 (1LL) | $1.63 Billion | -42.40% | 6.87x | $300.16 Million |
| 1&1 AG (1U1) | $353.02 Million | 13.06% | 0.95x | $4.35 Billion |
| CHINA TOWER UNSP.ADR/100 (2Y10) | $193.59 Billion | 4.54% | 0.58x | $5.02 Billion |
| TELSTRA GROUP LTD SP.ADR (5KB) | $16.84 Billion | 10.03% | 1.47x | $37.53 Billion |
| VODACOM GROUP LTD. SP.ADR (5VD0) | $103.65 Billion | 16.01% | 1.41x | $15.26 Billion |
| EuroTeleSites AG (7YF) | $234.07 Million | 0.00% | 7.39x | $735.93 Million |
| AIRTEL AFRICA UNSP.ADR/10 (9AA0) | $2.77 Billion | 7.93% | 3.33x | $16.88 Billion |
| TRANSTEMA GROUP AB O.N. (9G8) | $558.70 Million | 23.64% | 2.07x | $12.20 Million |
| Advanced Info Service Public Company Limited (AISF) | $81.82 Billion | 32.90% | 3.35x | $97.12K |
| Verizon Communications Inc. (BAC) | $17.84 Billion | 100.21% | 12.69x | $174.74 Billion |
About Telefónica S.A
Telefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, including mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services; traditional fixed telecommunication services, such as PSTN lines; ISDN accesse… Read more