Vestas Wind Systems A/S (VWSA) - Net Assets
Based on the latest financial reports, Vestas Wind Systems A/S (VWSA) has net assets worth €3.48 Billion EUR (≈ $4.07 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 (€25.92 Billion ≈ $30.30 Billion USD) and total liabilities (€22.44 Billion ≈ $26.23 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 resilient are Vestas Wind Systems A/S's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.48 Billion |
| % of Total Assets | 13.43% |
| Annual Growth Rate | 1.32% |
| 5-Year Change | -24.69% |
| 10-Year Change | N/A |
| Growth Volatility | 19.91 |
Vestas Wind Systems A/S - Net Assets Trend (2016–2024)
This chart illustrates how Vestas Wind Systems A/S's net assets have evolved over time, based on quarterly financial data. Also explore Vestas Wind Systems A/S assets under control for the complete picture of this company's asset base.
Annual Net Assets for Vestas Wind Systems A/S (2016–2024)
The table below shows the annual net assets of Vestas Wind Systems A/S from 2016 to 2024. For live valuation and market cap data, see VWSA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.54 Billion ≈ $4.14 Billion |
+16.44% |
| 2023-12-31 | €3.04 Billion ≈ $3.56 Billion |
-0.59% |
| 2022-12-31 | €3.06 Billion ≈ $3.58 Billion |
-35.73% |
| 2021-12-31 | €4.76 Billion ≈ $5.57 Billion |
+1.23% |
| 2020-12-31 | €4.70 Billion ≈ $5.50 Billion |
+40.60% |
| 2019-12-31 | €3.35 Billion ≈ $3.91 Billion |
+7.76% |
| 2018-12-31 | €3.10 Billion ≈ $3.63 Billion |
-0.26% |
| 2017-12-31 | €3.11 Billion ≈ $3.64 Billion |
-2.45% |
| 2016-12-31 | €3.19 Billion ≈ $3.73 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Vestas Wind Systems A/S'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 15.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.58 Billion | 101.45% |
| Total Equity | €3.53 Billion | 100.00% |
Vestas Wind Systems A/S Competitors by Market Cap
The table below lists competitors of Vestas Wind Systems A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Telus Corp
TO:T
|
$19.28 Billion |
|
EchoStar Corporation
NASDAQ:SATS
|
$19.28 Billion |
|
Incyte Corporation
NASDAQ:INCY
|
$19.29 Billion |
|
Vantage Towers AG
HM:VTWR
|
$19.29 Billion |
|
Mirae Asset Daewoo Securities Co Ltd
KO:006800
|
$19.23 Billion |
|
YPF S.A. D
BA:YPFD
|
$19.21 Billion |
|
China Minsheng Banking Corp Ltd
SHG:600016
|
$19.20 Billion |
|
RB Global
TO:RBA
|
$19.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vestas Wind Systems A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,027,000,000 to 3,529,000,000, a change of 502,000,000 (16.6%).
- Net income of 499,000,000 contributed positively to equity growth.
- Share repurchases of 40,000,000 reduced equity.
- Other factors increased equity by 43,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €499.00 Million | +14.14% |
| Share Repurchases | €40.00 Million | -1.13% |
| Other Changes | €43.00 Million | +1.22% |
| Total Change | €- | 16.58% |
Book Value vs Market Value Analysis
This analysis compares Vestas Wind Systems A/S'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: 2.38x
- 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 2.73x to 2.38x 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 | €3.06 | €8.35 | x |
| 2018-12-31 | €3.13 | €8.35 | x |
| 2019-12-31 | €3.37 | €8.35 | x |
| 2020-12-31 | €4.63 | €8.35 | x |
| 2021-12-31 | €4.72 | €8.35 | x |
| 2022-12-31 | €3.03 | €8.35 | x |
| 2023-12-31 | €3.01 | €8.35 | x |
| 2024-12-31 | €3.51 | €8.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vestas Wind Systems A/S 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): 14.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.89%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 6.98x
- Recent ROE (14.14%) is above the historical average (9.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 30.25% | 9.43% | 1.03x | 3.11x | €646.00 Million |
| 2017 | 28.73% | 8.98% | 0.92x | 3.49x | €582.80 Million |
| 2018 | 22.12% | 6.75% | 0.85x | 3.85x | €374.80 Million |
| 2019 | 21.38% | 5.80% | 0.85x | 4.35x | €374.70 Million |
| 2020 | 16.44% | 5.16% | 0.82x | 3.90x | €299.60 Million |
| 2021 | 3.52% | 1.07% | 0.79x | 4.15x | €-307.80 Million |
| 2022 | -51.64% | -10.85% | 0.72x | 6.60x | €-1.88 Billion |
| 2023 | 2.54% | 0.50% | 0.68x | 7.44x | €-225.70 Million |
| 2024 | 14.14% | 2.89% | 0.70x | 6.98x | €146.10 Million |
Industry Comparison
This section compares Vestas Wind Systems A/S's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $10,469,006,603
- Average return on equity (ROE) among peers: 8.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vestas Wind Systems A/S (VWSA) | €3.48 Billion | 30.25% | 6.44x | $19.27 Billion |
| MORIMATSU INT.H.C. (HK) (1S5) | $5.28 Billion | 13.97% | 0.69x | $915.38 Million |
| 2G Energy AG (2GB) | $108.62 Million | 15.09% | 0.95x | $670.96 Million |
| Eaton Corporation PLC (3EC) | $18.53 Billion | 20.47% | 1.07x | $131.02 Billion |
| MERUS POWER OYJ EO 1 (99H) | $9.53 Million | -27.84% | 1.80x | $34.28 Million |
| Aumann AG (AAG) | $201.72 Million | 10.66% | 0.61x | $170.49 Million |
| Atlas Copco A ADR (ACO) | $67.63 Billion | 26.81% | 1.02x | $64.34 Billion |
| ATS CORP. (ATO0) | $1.68 Billion | 11.50% | 1.43x | $2.67 Billion |
| Chongqing Machinery & Electric Co. Ltd (CE3) | $6.25 Billion | 8.19% | 1.18x | $424.46 Million |
| NEL ASA ADR/30 NK -20 (D7GA) | $4.98 Billion | -4.91% | 0.27x | $352.91 Million |
| Datron AG (DAR) | $17.16 Million | 13.37% | 0.27x | $30.88 Million |
About Vestas Wind Systems A/S
Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates through two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare p… Read more