Vodafone Group Plc (VODJ) - Net Assets

Latest as of September 2025: €56.61 Billion EUR ≈ $66.18 Billion USD

Based on the latest financial reports, Vodafone Group Plc (VODJ) has net assets worth €56.61 Billion EUR (≈ $66.18 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 (€128.86 Billion ≈ $150.65 Billion USD) and total liabilities (€72.25 Billion ≈ $84.47 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 how tangible is Vodafone Group Plc's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets €56.61 Billion
% of Total Assets 43.93%
Annual Growth Rate -3.83%
5-Year Change -6.75%
10-Year Change N/A
Growth Volatility 7.09

Vodafone Group Plc - Net Assets Trend (2017–2025)

This chart illustrates how Vodafone Group Plc's net assets have evolved over time, based on quarterly financial data. See VODJ defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Vodafone Group Plc (2017–2025)

The table below shows the annual net assets of Vodafone Group Plc from 2017 to 2025. For live valuation and market cap data, see Vodafone Group Plc (VODJ) total market value.

Year Net Assets Change
2025-03-31 €53.92 Billion
≈ $63.03 Billion		 -11.61%
2024-03-31 €61.00 Billion
≈ $71.31 Billion		 -5.40%
2023-03-31 €64.48 Billion
≈ $75.39 Billion		 +13.17%
2022-03-31 €56.98 Billion
≈ $66.61 Billion		 -1.45%
2021-03-31 €57.82 Billion
≈ $67.59 Billion		 -7.68%
2020-03-31 €62.62 Billion
≈ $73.22 Billion		 -1.29%
2019-03-31 €63.45 Billion
≈ $74.17 Billion		 -7.52%
2018-03-31 €68.61 Billion
≈ $80.21 Billion		 -6.93%
2017-03-31 €73.72 Billion
≈ $86.19 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Vodafone Group Plc'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 1765200000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Other Components €176.25 Billion 334.15%
Total Equity €52.74 Billion 100.00%

Vodafone Group Plc Competitors by Market Cap

The table below lists competitors of Vodafone Group Plc ranked by their market capitalization.

Company Market Cap
Kellanova
NYSE:K
 $29.03 Billion
Atlas Copco AB Series B
ST:ATCO-B
 $29.03 Billion
Centene Corp
NYSE:CNC
 $29.04 Billion
Givaudan SA
SW:GIVN
 $29.04 Billion
Nokia Oyj
HE:NOKIA
 $28.99 Billion
Sandoz Group AG
SW:SDZ
 $28.94 Billion
Standard Bank Group Ltd
JSE:SBK
 $28.85 Billion
Hannover Rück SE
F:HNR1
 $28.80 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vodafone Group Plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 59,966,000,000 to 52,745,000,000, a change of -7,221,000,000 (-12.0%).
  • Net loss of 4,169,000,000 reduced equity.
  • Dividend payments of 1,787,000,000 reduced retained earnings.
  • Share repurchases of 1,868,000,000 reduced equity.
  • New share issuances of 3,000,000 increased equity.
  • Other factors increased equity by 600,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income €-4.17 Billion -7.9%
Dividends Paid €1.79 Billion -3.39%
Share Repurchases €1.87 Billion -3.54%
Share Issuances €3.00 Million +0.01%
Other Changes €600.00 Million +1.14%
Total Change €- -12.04%

Book Value vs Market Value Analysis

This analysis compares Vodafone Group Plc'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: 6.01x
  • 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 4.68x to 6.01x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-03-31 €2.71 €12.70 x
2018-03-31 €2.54 €12.70 x
2019-03-31 €2.28 €12.70 x
2020-03-31 €2.13 €12.70 x
2021-03-31 €1.98 €12.70 x
2022-03-31 €1.93 €12.70 x
2023-03-31 €2.35 €12.70 x
2024-03-31 €2.21 €12.70 x
2025-03-31 €2.11 €12.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vodafone Group Plc 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): -7.90%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -11.13%
  • • Asset Turnover: 0.29x
  • • Equity Multiplier: 2.44x
  • Recent ROE (-7.90%) is below the historical average (-0.31%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2017 -8.72% -13.22% 0.31x 2.14x €-13.52 Billion
2018 3.61% 5.24% 0.32x 2.15x €-4.33 Billion
2019 -12.89% -18.37% 0.31x 2.30x €-14.24 Billion
2020 -1.50% -2.05% 0.27x 2.74x €-7.06 Billion
2021 0.20% 0.26% 0.28x 2.78x €-5.47 Billion
2022 3.82% 4.58% 0.30x 2.82x €-3.38 Billion
2023 18.67% 25.90% 0.29x 2.45x €5.50 Billion
2024 1.90% 3.10% 0.25x 2.41x €-4.86 Billion
2025 -7.90% -11.13% 0.29x 2.44x €-9.44 Billion

Industry Comparison

This section compares Vodafone Group Plc's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $400,349,009,310
  • Average return on equity (ROE) among peers: -71.16%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Vodafone Group Plc (VODJ) €56.61 Billion -8.72% 1.28x $29.01 Billion
LIBERTY LAT.AMER.A DL-01 (1LL) $2.90 Billion -15.21% 4.30x $185.55 Million
LIBERTY LAT.AMER.C DL-01 (1LLC) $1.63 Billion -42.40% 6.87x $775.97 Million
1&1 AG (1U1) $57.99 Million 18.24% 0.64x $4.32 Billion
CHINA TOWER UNSP.ADR/100 (2Y10) $197.69 Billion 4.93% 0.65x $5.02 Billion
SOFTBANK CORP. ADR (3AG0) $3.68 Trillion 14.43% 2.99x $52.06 Billion
TELSTRA GROUP LTD SP.ADR (5KB) $16.84 Billion 10.03% 1.47x $37.53 Billion
VODACOM GROUP LTD. SP.ADR (5VD0) $97.43 Billion 17.21% 1.34x $15.26 Billion
EuroTeleSites AG (7YF) $234.07 Million 0.00% 7.39x $762.51 Million
Swissnet AG (81D) $630.10K -736.12% 0.62x $24.60 Million
AIRTEL AFRICA UNSP.ADR/10 (9AA0) $3.65 Billion 17.29% 1.84x $16.88 Billion

About Vodafone Group Plc

F:VODJ Germany Telecom Services
Market Cap
$34.19 Billion
€29.24 Billion EUR
Market Cap Rank
#926 Global
#198 in Germany
Share Price
€12.70
Change (1 day)
+1.60%
52-Week Range
€8.65 - €13.60
All Time High
€15.77
Categories
Companies in Germany Telecom Services
About

Vodafone Group Public Limited Company provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa. It offers mobile and fixed services; connectivity business solutions, such as digital services, the Internet of Things (IoT) and financial services; and IoT platforms. The company also provides cloud, multi-cloud, and edge computing solutions; M-PESA,… Read more