Acerinox (ACX) - Net Assets
Based on the latest financial reports, Acerinox (ACX) has net assets worth €2.13 Billion EUR (≈ $2.48 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.69 Billion ≈ $6.65 Billion USD) and total liabilities (€3.57 Billion ≈ $4.17 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. Also explore Acerinox total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.13 Billion |
| % of Total Assets | 37.35% |
| Annual Growth Rate | 2.18% |
| 5-Year Change | -4.05% |
| 10-Year Change | -2.0% |
| Growth Volatility | 13.93 |
Acerinox - Net Assets Trend (2000–2025)
This chart illustrates how Acerinox's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see ACX company net worth.
Annual Net Assets for Acerinox (2000–2025)
The table below shows the annual net assets of Acerinox from 2000 to 2025. Explore Acerinox cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €2.13 Billion ≈ $2.48 Billion |
-17.47% |
| 2024-12-31 | €2.58 Billion ≈ $3.01 Billion |
+4.54% |
| 2023-12-31 | €2.46 Billion ≈ $2.88 Billion |
-3.32% |
| 2022-12-31 | €2.55 Billion ≈ $2.98 Billion |
+15.03% |
| 2021-12-31 | €2.21 Billion ≈ $2.59 Billion |
+37.14% |
| 2020-12-31 | €1.61 Billion ≈ $1.89 Billion |
-16.28% |
| 2019-12-31 | €1.93 Billion ≈ $2.26 Billion |
-8.98% |
| 2018-12-31 | €2.12 Billion ≈ $2.48 Billion |
+7.56% |
| 2017-12-31 | €1.97 Billion ≈ $2.30 Billion |
-9.15% |
| 2016-12-31 | €2.17 Billion ≈ $2.54 Billion |
+7.19% |
| 2015-12-31 | €2.02 Billion ≈ $2.37 Billion |
+9.01% |
| 2014-12-31 | €1.86 Billion ≈ $2.17 Billion |
+19.50% |
| 2013-12-31 | €1.55 Billion ≈ $1.82 Billion |
-9.33% |
| 2012-12-31 | €1.71 Billion ≈ $2.00 Billion |
-8.94% |
| 2011-12-31 | €1.88 Billion ≈ $2.20 Billion |
-2.21% |
| 2010-12-31 | €1.92 Billion ≈ $2.25 Billion |
+9.77% |
| 2009-12-31 | €1.75 Billion ≈ $2.05 Billion |
-13.27% |
| 2008-12-31 | €2.02 Billion ≈ $2.36 Billion |
-12.44% |
| 2007-12-31 | €2.31 Billion ≈ $2.70 Billion |
+1.20% |
| 2006-12-31 | €2.28 Billion ≈ $2.67 Billion |
+11.16% |
| 2005-12-31 | €2.05 Billion ≈ $2.40 Billion |
+6.95% |
| 2004-12-31 | €1.92 Billion ≈ $2.24 Billion |
+8.68% |
| 2003-12-31 | €1.76 Billion ≈ $2.06 Billion |
+3.27% |
| 2002-12-31 | €1.71 Billion ≈ $2.00 Billion |
+35.82% |
| 2001-12-31 | €1.26 Billion ≈ $1.47 Billion |
+1.51% |
| 2000-12-31 | €1.24 Billion ≈ $1.45 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Acerinox'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 245.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.18 Billion | 105.51% |
| Common Stock | €62.33 Million | 3.02% |
| Other Comprehensive Income | €-176.16 Million | -8.53% |
| Other Components | €171.00K | 0.01% |
| Total Equity | €2.06 Billion | 100.00% |
Acerinox Competitors by Market Cap
The table below lists competitors of Acerinox ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aspen Pharmacare Holdings Ltd
JSE:APN
|
$3.28 Billion |
|
LivaNova PLC
NASDAQ:LIVN
|
$3.28 Billion |
|
Turkiye Sise ve Cam Fabrikalari AS
IS:SISE
|
$3.28 Billion |
|
Bains Mer Monaco
PA:BAIN
|
$3.29 Billion |
|
Edgewise Therapeutics Inc
NASDAQ:EWTX
|
$3.28 Billion |
|
Adecco Group AG
F:ADIA
|
$3.28 Billion |
|
National Storage Affiliates Trust
NYSE:NSA
|
$3.28 Billion |
|
Brookdale Senior Living Inc
NYSE:BKD
|
$3.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Acerinox's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,527,317,000 to 2,063,969,999, a change of -463,347,001 (-18.3%).
- Net loss of 40,074,000 reduced equity.
- Dividend payments of 154,576,000 reduced retained earnings.
- Share repurchases of 718,000 reduced equity.
- Other comprehensive income decreased equity by 266,896,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-40.07 Million | -1.94% |
| Dividends Paid | €154.58 Million | -7.49% |
| Share Repurchases | €718.00K | -0.03% |
| Other Comprehensive Income | €-266.90 Million | -12.93% |
| Other Changes | €-1.08 Million | -0.05% |
| Total Change | €- | -18.33% |
Book Value vs Market Value Analysis
This analysis compares Acerinox'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: 1.68x
- 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 2.85x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | €4.89 | €13.93 | x |
| 2003-12-31 | €6.30 | €13.93 | x |
| 2004-12-31 | €6.14 | €13.93 | x |
| 2005-12-31 | €7.10 | €13.93 | x |
| 2006-12-31 | €7.97 | €13.93 | x |
| 2007-12-31 | €8.53 | €13.93 | x |
| 2008-12-31 | €7.44 | €13.93 | x |
| 2009-12-31 | €6.56 | €13.93 | x |
| 2010-12-31 | €7.13 | €13.93 | x |
| 2011-12-31 | €6.90 | €13.93 | x |
| 2012-12-31 | €6.29 | €13.93 | x |
| 2013-12-31 | €5.68 | €13.93 | x |
| 2014-12-31 | €6.73 | €13.93 | x |
| 2015-12-31 | €7.31 | €13.93 | x |
| 2016-12-31 | €7.67 | €13.93 | x |
| 2017-12-31 | €6.87 | €13.93 | x |
| 2018-12-31 | €7.47 | €13.93 | x |
| 2019-12-31 | €6.86 | €13.93 | x |
| 2020-12-31 | €5.81 | €13.93 | x |
| 2021-12-31 | €7.97 | €13.93 | x |
| 2022-12-31 | €9.60 | €13.93 | x |
| 2023-12-31 | €9.66 | €13.93 | x |
| 2024-12-31 | €10.14 | €13.93 | x |
| 2025-12-31 | €8.28 | €13.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Acerinox 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): -1.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.69%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.76x
- Recent ROE (-1.94%) is below the historical average (8.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 23.61% | 14.69% | 1.02x | 1.58x | €165.72 Million |
| 2001 | 6.91% | 4.75% | 0.95x | 1.54x | €-38.59 Million |
| 2002 | 10.96% | 7.02% | 0.97x | 1.62x | €15.34 Million |
| 2003 | 7.27% | 4.14% | 0.96x | 1.83x | €-45.30 Million |
| 2004 | 20.60% | 8.23% | 1.17x | 2.13x | €171.26 Million |
| 2005 | 8.32% | 3.63% | 1.16x | 1.98x | €-30.97 Million |
| 2006 | 25.70% | 9.43% | 1.16x | 2.35x | €324.67 Million |
| 2007 | 14.24% | 4.56% | 1.55x | 2.01x | €93.86 Million |
| 2008 | -0.46% | -0.18% | 1.36x | 1.92x | €-203.42 Million |
| 2009 | -14.68% | -8.02% | 0.83x | 2.21x | €-403.49 Million |
| 2010 | 6.60% | 2.61% | 1.06x | 2.38x | €-60.54 Million |
| 2011 | 4.28% | 1.58% | 1.15x | 2.37x | €-98.37 Million |
| 2012 | -1.39% | -0.48% | 1.08x | 2.69x | €-178.63 Million |
| 2013 | 1.54% | 0.56% | 0.99x | 2.78x | €-121.64 Million |
| 2014 | 7.82% | 3.11% | 0.99x | 2.54x | €-38.03 Million |
| 2015 | 2.22% | 1.02% | 1.02x | 2.14x | €-150.01 Million |
| 2016 | 3.86% | 2.02% | 0.89x | 2.14x | €-127.55 Million |
| 2017 | 12.34% | 5.06% | 1.05x | 2.32x | €44.43 Million |
| 2018 | 11.49% | 4.73% | 1.09x | 2.23x | €30.83 Million |
| 2019 | -3.18% | -1.25% | 1.08x | 2.35x | €-246.81 Million |
| 2020 | 3.12% | 1.05% | 0.99x | 3.01x | €-108.15 Million |
| 2021 | 26.54% | 8.53% | 1.12x | 2.78x | €356.38 Million |
| 2022 | 22.48% | 6.40% | 1.38x | 2.55x | €308.64 Million |
| 2023 | 9.47% | 3.45% | 1.08x | 2.53x | €-12.71 Million |
| 2024 | 8.90% | 4.16% | 0.84x | 2.56x | €-27.79 Million |
| 2025 | -1.94% | -0.69% | 1.02x | 2.76x | €-246.47 Million |
Industry Comparison
This section compares Acerinox's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,956,720,750
- Average return on equity (ROE) among peers: 9.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Acerinox (ACX) | €2.13 Billion | 23.61% | 1.68x | $3.28 Billion |
| Aperam SA (APAM) | $2.52 Billion | 11.35% | 0.72x | $3.02 Billion |
| ArcelorMittal SA (MTS) | $40.85 Billion | 11.18% | 1.09x | $38.59 Billion |
| Tubos Reunidos S.A (TRG) | $167.78 Million | 7.50% | 1.88x | $29.27 Million |
| Tubacex S.A (TUB) | $285.10 Million | 8.33% | 1.46x | $396.10 Million |
About Acerinox
Acerinox, S.A., together with its subsidiaries, manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally. It operates through Stainless Steel and High-Performance Alloys segments. The company offers flat products, including slab, billet, black coil, plate, engraved coil/sheet, cold rolled coil and sheet… Read more