Pharol SGPS SA (PHR) - Net Assets
Based on the latest financial reports, Pharol SGPS SA (PHR) has net assets worth €94.28 Million EUR (≈ $110.22 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€96.32 Million ≈ $112.61 Million USD) and total liabilities (€2.04 Million ≈ $2.38 Million 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 PHR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €94.28 Million |
| % of Total Assets | 97.88% |
| Annual Growth Rate | -23.44% |
| 5-Year Change | 2.54% |
| 10-Year Change | -62.07% |
| Growth Volatility | 29.8 |
Pharol SGPS SA - Net Assets Trend (2012–2025)
This chart illustrates how Pharol SGPS SA's net assets have evolved over time, based on quarterly financial data. See PHR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pharol SGPS SA (2012–2025)
The table below shows the annual net assets of Pharol SGPS SA from 2012 to 2025. For live valuation and market cap data, see PHR market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €94.28 Million ≈ $110.22 Million |
+2.26% |
| 2024-12-31 | €92.20 Million ≈ $107.79 Million |
+35.32% |
| 2023-12-31 | €68.14 Million ≈ $79.66 Million |
-2.28% |
| 2022-12-31 | €69.73 Million ≈ $81.52 Million |
-24.16% |
| 2021-12-31 | €91.94 Million ≈ $107.49 Million |
-44.40% |
| 2020-12-31 | €165.37 Million ≈ $193.34 Million |
+25.71% |
| 2019-12-31 | €131.55 Million ≈ $153.79 Million |
-10.05% |
| 2018-12-31 | €146.25 Million ≈ $170.98 Million |
-44.13% |
| 2017-12-31 | €261.75 Million ≈ $306.01 Million |
+5.30% |
| 2016-12-31 | €248.57 Million ≈ $290.60 Million |
-16.96% |
| 2015-12-31 | €299.33 Million ≈ $349.95 Million |
-78.54% |
| 2014-12-31 | €1.39 Billion ≈ $1.63 Billion |
-38.34% |
| 2013-12-31 | €2.26 Billion ≈ $2.64 Billion |
-25.56% |
| 2012-12-31 | €3.04 Billion ≈ $3.55 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Pharol SGPS SA'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €94.28 Million | 100.00% |
| Total Equity | €94.28 Million | 100.00% |
Pharol SGPS SA Competitors by Market Cap
The table below lists competitors of Pharol SGPS SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Glomac Bhd
KLSE:5020
|
$62.63 Million |
|
Herige SA
PA:ALHRG
|
$62.64 Million |
|
NewFlex Technology Co. Ltd
KQ:085670
|
$62.65 Million |
|
Makarony Polskie S.A.
WAR:MAK
|
$62.70 Million |
|
HNA Technology Co Ltd B
SHG:900938
|
$62.62 Million |
|
Villars Holding SA
SW:VILN
|
$62.62 Million |
|
Export Packing
KO:002200
|
$62.61 Million |
|
Savezone I C
KO:067830
|
$62.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pharol SGPS SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 92,201,331 to 94,280,806, a change of 2,079,475 (2.3%).
- Net income of 2,100,757 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.10 Million | +2.23% |
| Other Changes | €-21.28K | -0.02% |
| Total Change | €- | 2.26% |
Book Value vs Market Value Analysis
This analysis compares Pharol SGPS SA'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: 0.64x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.24x to 0.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.30 | €0.07 | x |
| 2018-12-31 | €0.17 | €0.07 | x |
| 2019-12-31 | €0.16 | €0.07 | x |
| 2020-12-31 | €0.20 | €0.07 | x |
| 2021-12-31 | €0.11 | €0.07 | x |
| 2022-12-31 | €0.08 | €0.07 | x |
| 2023-12-31 | €0.08 | €0.07 | x |
| 2024-12-31 | €0.11 | €0.07 | x |
| 2025-12-31 | €0.11 | €0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pharol SGPS SA 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): 2.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (2.23%) is above the historical average (-38.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.80% | 0.00% | 0.00x | 5.57x | €-6.14 Million |
| 2013 | 20.17% | 0.00% | 0.00x | 7.32x | €229.91 Million |
| 2014 | -26.27% | 0.00% | 0.00x | 1.06x | €-505.85 Million |
| 2015 | -231.81% | 0.00% | 0.00x | 1.03x | €-723.83 Million |
| 2016 | -30.20% | 0.00% | 0.00x | 1.04x | €-99.93 Million |
| 2017 | -308.12% | 0.00% | 0.00x | 1.03x | €-832.67 Million |
| 2018 | -3.86% | 0.00% | 0.00x | 1.11x | €-20.27 Million |
| 2019 | 15.77% | 0.00% | 0.00x | 1.10x | €7.59 Million |
| 2020 | -8.66% | 0.00% | 0.00x | 1.11x | €-30.85 Million |
| 2021 | -2.57% | 0.00% | 0.00x | 1.18x | €-11.56 Million |
| 2022 | -3.60% | 0.00% | 0.00x | 1.25x | €-9.48 Million |
| 2023 | -1.42% | 0.00% | 0.00x | 1.40x | €-7.78 Million |
| 2024 | 26.27% | 0.00% | 0.00x | 1.03x | €15.00 Million |
| 2025 | 2.23% | 0.00% | 0.00x | 1.02x | €-7.33 Million |
Industry Comparison
This section compares Pharol SGPS SA's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $963,000,000
- Average return on equity (ROE) among peers: 14.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pharol SGPS SA (PHR) | €94.28 Million | 9.80% | 0.02x | $62.62 Million |
| NOS S.G.P.S. S.A. (NOS) | $963.00 Million | 14.97% | 2.38x | $1.95 Billion |
About Pharol SGPS SA
Pharol, SGPS S.A., through its investment in Oi, S.A., engages in the provision of telecommunications services in Brazil. It is also involved in the management of shareholdings in other companies. The company was formerly known as Portugal Telecom, SGPS, SA and changed its name to Pharol, SGPS S.A. in May 2015. Pharol, SGPS S.A. was incorporated in 1994 and is headquartered in Lisbon, Portugal.