Smith & Nephew PLC (SN) - Net Assets

Latest as of December 2025: GBX5.29 Billion GBX ≈ $643.75K USD

Based on the latest financial reports, Smith & Nephew PLC (SN) has net assets worth GBX5.29 Billion GBX (≈ $643.75K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX10.46 Billion ≈ $1.27 Million USD) and total liabilities (GBX5.17 Billion ≈ $629.03K 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 Smith & Nephew PLC (SN) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX5.29 Billion
% of Total Assets 50.58%
Annual Growth Rate 7.69%
5-Year Change -4.98%
10-Year Change 33.68%
Growth Volatility 19.75

Smith & Nephew PLC - Net Assets Trend (1985–2025)

This chart illustrates how Smith & Nephew PLC's net assets have evolved over time, based on quarterly financial data. Also explore SN total assets for the complete picture of this company's asset base.

Annual Net Assets for Smith & Nephew PLC (1985–2025)

The table below shows the annual net assets of Smith & Nephew PLC from 1985 to 2025. For live valuation and market cap data, see market cap of Smith & Nephew PLC.

Year Net Assets Change
2025-12-31 GBX5.29 Billion
≈ $643.75K		 +0.49%
2024-12-31 GBX5.26 Billion
≈ $640.60K		 +0.92%
2023-12-31 GBX5.22 Billion
≈ $634.76K		 -0.80%
2022-12-31 GBX5.26 Billion
≈ $639.87K		 -5.55%
2021-12-31 GBX5.57 Billion
≈ $677.46K		 +5.47%
2020-12-31 GBX5.28 Billion
≈ $642.30K		 +2.68%
2019-12-31 GBX5.14 Billion
≈ $625.51K		 +5.48%
2018-12-31 GBX4.87 Billion
≈ $593.02K		 +4.95%
2017-12-31 GBX4.64 Billion
≈ $565.04K		 +17.33%
2016-12-31 GBX3.96 Billion
≈ $481.57K		 -0.20%
2015-12-31 GBX3.97 Billion
≈ $482.55K		 -1.83%
2014-12-31 GBX4.04 Billion
≈ $491.55K		 -0.17%
2013-12-31 GBX4.05 Billion
≈ $492.40K		 +4.20%
2012-12-31 GBX3.88 Billion
≈ $472.57K		 +21.87%
2011-12-31 GBX3.19 Billion
≈ $387.77K		 +14.93%
2010-12-31 GBX2.77 Billion
≈ $337.39K		 +27.26%
2009-12-31 GBX2.18 Billion
≈ $265.12K		 +28.25%
2008-12-31 GBX1.70 Billion
≈ $206.72K		 -6.44%
2007-12-31 GBX1.82 Billion
≈ $220.95K		 -16.47%
2006-12-31 GBX2.17 Billion
≈ $264.51K		 +51.50%
2005-12-31 GBX1.44 Billion
≈ $174.60K		 +6.57%
2004-12-31 GBX1.35 Billion
≈ $163.83K		 +17.67%
2003-12-31 GBX1.14 Billion
≈ $139.23K		 +37.33%
2002-12-31 GBX833.21 Million
≈ $101.38K		 +41.42%
2001-12-31 GBX589.18 Million
≈ $71.69K		 +47.35%
2000-12-31 GBX399.84 Million
≈ $48.65K		 -55.20%
1999-12-31 GBX892.49 Million
≈ $108.59K		 +10.75%
1998-12-31 GBX805.88 Million
≈ $98.05K		 +5.68%
1997-12-31 GBX762.58 Million
≈ $92.78K		 +2.27%
1996-12-31 GBX745.62 Million
≈ $90.72K		 +19.23%
1995-12-31 GBX625.35 Million
≈ $76.09K		 -10.30%
1994-12-31 GBX697.12 Million
≈ $84.82K		 +35.58%
1993-12-31 GBX514.17 Million
≈ $62.56K		 -6.40%
1992-12-31 GBX549.35 Million
≈ $66.84K		 +1.97%
1991-12-31 GBX538.71 Million
≈ $65.55K		 +3.40%
1990-12-31 GBX521.01 Million
≈ $63.39K		 +29.67%
1989-12-31 GBX401.80 Million
≈ $48.89K		 -7.36%
1988-12-31 GBX433.72 Million
≈ $52.77K		 -2.82%
1987-12-31 GBX446.29 Million
≈ $54.30K		 +43.34%
1986-12-31 GBX311.35 Million
≈ $37.88K		 +13.80%
1985-12-31 GBX273.58 Million
≈ $33.29K		 --

Equity Component Analysis

This analysis shows how different components contribute to Smith & Nephew 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 grown by 4561.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings GBX5.32 Billion 100.64%
Common Stock GBX175.06 Million 3.31%
Other Comprehensive Income GBX20.01 Million 0.38%
Total Equity GBX5.29 Billion 100.00%

Smith & Nephew PLC Competitors by Market Cap

The table below lists competitors of Smith & Nephew PLC ranked by their market capitalization.

Company Market Cap
Roto Pumps Limited
NSE:ROTO
 $118.49 Million
Forrester Research Inc
NASDAQ:FORR
 $118.51 Million
Treace Medical Concepts Inc
NASDAQ:TMCI
 $118.52 Million
Averlogic Technologies
TWO:6198
 $118.53 Million
Diamond Building Products Public Company Limited
BK:DRT
 $118.45 Million
Quantum Foods Holdings
JSE:QFH
 $118.45 Million
BEC World Public Company Limited
BK:BEC
 $118.44 Million
King Polytechnic Engineering Co Ltd
TWO:6122
 $118.39 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Smith & Nephew PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 5,265,000,000 to 5,290,926,775, a change of 25,926,775 (0.5%).
  • Net income of 638,112,689 contributed positively to equity growth.
  • Dividend payments of 336,923,499 reduced retained earnings.
  • Share repurchases of 512,532,111 reduced equity.
  • Other comprehensive income increased equity by 20,007,285.
  • Other factors increased equity by 217,262,411.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX638.11 Million +12.06%
Dividends Paid GBX336.92 Million -6.37%
Share Repurchases GBX512.53 Million -9.69%
Other Comprehensive Income GBX20.01 Million +0.38%
Other Changes GBX217.26 Million +4.11%
Total Change GBX- 0.49%

Book Value vs Market Value Analysis

This analysis compares Smith & Nephew 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: 189.23x
  • 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 decreased from 3674.72x to 189.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1985-12-31 GBX0.31 GBX1147.00 x
1986-12-31 GBX0.36 GBX1147.00 x
1987-12-31 GBX0.51 GBX1147.00 x
1988-12-31 GBX0.50 GBX1147.00 x
1989-12-31 GBX0.31 GBX1147.00 x
1990-12-31 GBX0.42 GBX1147.00 x
1991-12-31 GBX0.44 GBX1147.00 x
1992-12-31 GBX0.49 GBX1147.00 x
1993-12-31 GBX0.59 GBX1147.00 x
1994-12-31 GBX0.78 GBX1147.00 x
1995-12-31 GBX0.70 GBX1147.00 x
1996-12-31 GBX0.82 GBX1147.00 x
1997-12-31 GBX0.84 GBX1147.00 x
1998-12-31 GBX0.88 GBX1147.00 x
1999-12-31 GBX1.02 GBX1147.00 x
2000-12-31 GBX0.46 GBX1147.00 x
2001-12-31 GBX0.63 GBX1147.00 x
2002-12-31 GBX0.87 GBX1147.00 x
2003-12-31 GBX1.22 GBX1147.00 x
2004-12-31 GBX1.43 GBX1147.00 x
2005-12-31 GBX1.52 GBX1147.00 x
2006-12-31 GBX2.30 GBX1147.00 x
2007-12-31 GBX1.96 GBX1147.00 x
2008-12-31 GBX1.91 GBX1147.00 x
2009-12-31 GBX2.46 GBX1147.00 x
2010-12-31 GBX3.12 GBX1147.00 x
2011-12-31 GBX3.56 GBX1147.00 x
2012-12-31 GBX4.31 GBX1147.00 x
2013-12-31 GBX4.47 GBX1147.00 x
2014-12-31 GBX4.49 GBX1147.00 x
2015-12-31 GBX4.54 GBX1147.00 x
2016-12-31 GBX4.43 GBX1147.00 x
2017-12-31 GBX5.31 GBX1147.00 x
2018-12-31 GBX5.56 GBX1147.00 x
2019-12-31 GBX5.87 GBX1147.00 x
2020-12-31 GBX6.03 GBX1147.00 x
2021-12-31 GBX6.34 GBX1147.00 x
2022-12-31 GBX6.01 GBX1147.00 x
2023-12-31 GBX5.98 GBX1147.00 x
2024-12-31 GBX6.01 GBX1147.00 x
2025-12-31 GBX6.06 GBX1147.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Smith & Nephew 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): 12.06%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.14%
  • • Asset Turnover: 0.60x
  • • Equity Multiplier: 1.98x
  • Recent ROE (12.06%) is below the historical average (22.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1985 25.05% 11.23% 0.95x 2.36x GBX41.12 Million
1986 28.72% 12.58% 0.80x 2.86x GBX58.20 Million
1987 31.53% 13.73% 0.83x 2.75x GBX95.95 Million
1988 33.53% 13.48% 0.85x 2.94x GBX101.92 Million
1989 54.09% 12.96% 0.84x 4.96x GBX120.33 Million
1990 39.09% 10.17% 0.92x 4.19x GBX106.52 Million
1991 19.22% 5.04% 0.94x 4.07x GBX35.81 Million
1992 36.47% 11.99% 0.97x 3.14x GBX113.16 Million
1993 31.30% 11.46% 1.07x 2.54x GBX109.42 Million
1994 -12.10% -5.59% 1.14x 1.90x GBX-153.93 Million
1995 27.89% 10.99% 1.25x 2.04x GBX111.81 Million
1996 27.74% 11.29% 1.27x 1.93x GBX132.19 Million
1997 24.66% 10.85% 1.21x 1.87x GBX111.75 Million
1998 19.31% 8.90% 1.16x 1.87x GBX74.99 Million
1999 19.01% 9.36% 1.14x 1.78x GBX80.34 Million
2000 77.51% 18.29% 1.18x 3.60x GBX269.94 Million
2001 32.03% 11.98% 0.99x 2.71x GBX129.81 Million
2002 22.17% 10.33% 0.90x 2.39x GBX101.43 Million
2003 23.11% 12.56% 0.95x 1.94x GBX150.04 Million
2004 21.54% 12.11% 0.82x 2.17x GBX155.36 Million
2005 23.21% 13.05% 0.86x 2.07x GBX189.50 Million
2006 34.27% 26.81% 0.86x 1.49x GBX527.60 Million
2007 17.40% 9.38% 0.76x 2.46x GBX134.40 Million
2008 22.19% 9.92% 0.84x 2.65x GBX207.10 Million
2009 21.66% 12.51% 0.83x 2.09x GBX254.10 Million
2010 22.18% 15.52% 0.84x 1.71x GBX337.70 Million
2011 18.26% 13.63% 0.90x 1.49x GBX263.30 Million
2012 18.77% 17.62% 0.73x 1.45x GBX340.60 Million
2013 13.74% 12.78% 0.75x 1.44x GBX151.30 Million
2014 12.40% 10.85% 0.63x 1.81x GBX97.00 Million
2015 10.34% 8.85% 0.65x 1.81x GBX13.40 Million
2016 19.81% 16.79% 0.64x 1.86x GBX388.20 Million
2017 16.52% 16.10% 0.61x 1.69x GBX302.60 Million
2018 13.60% 13.52% 0.61x 1.65x GBX175.60 Million
2019 11.67% 11.68% 0.55x 1.81x GBX85.90 Million
2020 8.49% 9.82% 0.41x 2.09x GBX-79.90 Million
2021 9.41% 10.05% 0.48x 1.96x GBX-32.80 Million
2022 4.24% 4.28% 0.52x 1.90x GBX-302.90 Million
2023 5.04% 4.74% 0.56x 1.91x GBX-258.70 Million
2024 7.83% 7.09% 0.56x 1.97x GBX-114.50 Million
2025 12.06% 10.14% 0.60x 1.98x GBX109.02 Million

Industry Comparison

This section compares Smith & Nephew PLC's net assets metrics with peer companies in the Medical Devices industry.

Industry Context

  • Industry: Medical Devices
  • Average net assets among peers: $13,309,884
  • Average return on equity (ROE) among peers: -24.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Smith & Nephew PLC (SN) GBX5.29 Billion 25.05% 0.98x $118.48 Million
AOTI Inc (AOTI) $3.41 Million 51.02% 1.74x $891.93K
Creo Medical Group PLC (CREO) $1.37 Million -123.43% 0.18x $633.60K
EKF Diagnostics Holdings Plc (EKF) $-3.03 Million 0.00% 0.00x $1.39 Million
Inspiration Healthcare Group PLC (IHC) $1.65 Million 0.00% 0.38x $322.92K
NIOX Group PLC (NIOX) $81.90 Million 19.66% 0.20x $3.41 Million
Polarean Imaging Plc (POLX) $8.73 Million -75.05% 0.25x $11.75K
Rua Life Sciences PLC (RUA) $8.51 Million -17.06% 0.19x $147.24K
Surgical Innovations Group plc (SUN) $3.93 Million -51.73% 0.98x $51.07K

About Smith & Nephew PLC

LSE:SN UK Medical Devices
Market Cap
$118.48 Million
GBX973.79 Billion GBX
Market Cap Rank
#18548 Global
#103 in UK
Share Price
GBX1147.00
Change (1 day)
+0.88%
52-Week Range
GBX1056.50 - GBX1435.00
All Time High
GBX1690.00
Categories
Companies in UK Medical Devices
About

Smith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally. It operates in three segments: Orthopaedics, Sports Medicine & ENT, and Advanced Wound Management. The company offers knee implant products for knee replacement procedures; hip implants for revision procedures; t… Read more