Sonae SGPS SA (SON) - Net Assets

Latest as of September 2025: €3.84 Billion EUR ≈ $4.49 Billion USD

Based on the latest financial reports, Sonae SGPS SA (SON) has net assets worth €3.84 Billion EUR (≈ $4.49 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 (€11.13 Billion ≈ $13.02 Billion USD) and total liabilities (€7.29 Billion ≈ $8.52 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 Sonae SGPS SA strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€3.84 Billion
% of Total Assets	34.51%
Annual Growth Rate	8.5%
5-Year Change	53.32%
10-Year Change	N/A
Growth Volatility	20.15

Sonae SGPS SA - Net Assets Trend (2015–2024)

This chart illustrates how Sonae SGPS SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Sonae SGPS SA (SON) total market value.

Annual Net Assets for Sonae SGPS SA (2015–2024)

The table below shows the annual net assets of Sonae SGPS SA from 2015 to 2024. Also explore SON shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	€3.74 Billion ≈ $4.37 Billion	+8.06%
2023-12-31	€3.46 Billion ≈ $4.05 Billion	+4.26%
2022-12-31	€3.32 Billion ≈ $3.88 Billion	+5.56%
2021-12-31	€3.15 Billion ≈ $3.68 Billion	+28.92%
2020-12-31	€2.44 Billion ≈ $2.85 Billion	-21.46%
2019-12-31	€3.11 Billion ≈ $3.63 Billion	-5.54%
2018-12-31	€3.29 Billion ≈ $3.84 Billion	+54.04%
2017-12-31	€2.14 Billion ≈ $2.50 Billion	+3.42%
2016-12-31	€2.06 Billion ≈ $2.41 Billion	+15.02%
2015-12-31	€1.79 Billion ≈ $2.10 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Sonae 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 46.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€222.66 Million	7.27%
Other Components	€2.84 Billion	92.73%
Total Equity	€3.06 Billion	100.00%

Sonae SGPS SA Competitors by Market Cap

The table below lists competitors of Sonae SGPS SA ranked by their market capitalization.

Company	Market Cap
Levima Advanced Materials Corp SHE:003022	$3.77 Billion
Hisense Kelon Electrical Holdings Co Ltd SHE:000921	$3.77 Billion
Helmerich and Payne Inc NYSE:HP	$3.78 Billion
Allreal Holding SW:ALLN	$3.78 Billion
Otter Tail Corporation NASDAQ:OTTR	$3.77 Billion
Ottobock SE & Co. KGaA XETRA:OBCK	$3.77 Billion
Aecc Aero Engine Control Co Ltd SHE:000738	$3.77 Billion
St Galler Kantonalbank AG SW:SGKN	$3.77 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sonae SGPS SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,024,729,000 to 3,063,560,000, a change of 38,831,000 (1.3%).
Net income of 222,665,000 contributed positively to equity growth.
Dividend payments of 160,685,000 reduced retained earnings.
Share repurchases of 5,570,000 reduced equity.
New share issuances of 19,794,000 increased equity.
Other factors decreased equity by 37,373,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€222.66 Million	+7.27%
Dividends Paid	€160.69 Million	-5.25%
Share Repurchases	€5.57 Million	-0.18%
Share Issuances	€19.79 Million	+0.65%
Other Changes	€-37.37 Million	-1.22%
Total Change	€-	1.28%

Book Value vs Market Value Analysis

This analysis compares Sonae 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: 1.28x
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 2.06x to 1.28x 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	€0.98	€2.03	x
2018-12-31	€1.08	€2.03	x
2019-12-31	€1.12	€2.03	x
2020-12-31	€1.04	€2.03	x
2021-12-31	€1.33	€2.03	x
2022-12-31	€1.46	€2.03	x
2023-12-31	€1.57	€2.03	x
2024-12-31	€1.58	€2.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sonae 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): 7.27%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.24%
• Asset Turnover: 0.88x
• Equity Multiplier: 3.70x
Recent ROE (7.27%) is below the historical average (9.37%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	10.57%	3.12%	1.07x	3.15x	€9.46 Million
2016	11.36%	4.00%	0.98x	2.91x	€25.71 Million
2017	8.43%	2.90%	1.02x	2.85x	€-30.97 Million
2018	10.26%	3.72%	0.77x	3.60x	€5.52 Million
2019	7.75%	2.57%	0.71x	4.24x	€-47.96 Million
2020	3.56%	1.04%	0.84x	4.09x	€-128.33 Million
2021	10.53%	3.81%	0.84x	3.27x	€13.53 Million
2022	12.21%	4.42%	0.89x	3.09x	€61.90 Million
2023	11.80%	4.25%	0.95x	2.92x	€54.59 Million
2024	7.27%	2.24%	0.88x	3.70x	€-83.69 Million

Industry Comparison

This section compares Sonae SGPS SA's net assets metrics with peer companies in the Grocery Stores industry.

No peer company data available for comparison.

About Sonae SGPS SA

LS:SON Portugal Grocery Stores

Market Cap

$4.59 Billion

€3.93 Billion EUR

Market Cap Rank

#4312 Global

#7 in Portugal

Share Price

€2.03

Change (1 day)

+0.50%

52-Week Range

€1.29 - €2.13

All Time High

€2.13