Aena SA (AENA) - Net Assets
Based on the latest financial reports, Aena SA (AENA) has net assets worth €9.55 Billion EUR (≈ $11.16 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€19.19 Billion ≈ $22.44 Billion USD) and total liabilities (€9.65 Billion ≈ $11.28 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 how large is Aena SA's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.55 Billion |
| % of Total Assets | 49.74% |
| Annual Growth Rate | 8.68% |
| 5-Year Change | 57.24% |
| 10-Year Change | 88.09% |
| Growth Volatility | 10.73 |
Aena SA - Net Assets Trend (2011–2025)
This chart illustrates how Aena SA's net assets have evolved over time, based on quarterly financial data. Check Aena SA tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Aena SA (2011–2025)
The table below shows the annual net assets of Aena SA from 2011 to 2025. For live valuation and market cap data, see AENA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €9.45 Billion ≈ $11.05 Billion |
+15.17% |
| 2024-12-31 | €8.21 Billion ≈ $9.60 Billion |
+8.60% |
| 2023-12-31 | €7.56 Billion ≈ $8.84 Billion |
+13.78% |
| 2022-12-31 | €6.64 Billion ≈ $7.77 Billion |
+10.49% |
| 2021-12-31 | €6.01 Billion ≈ $7.03 Billion |
-0.87% |
| 2020-12-31 | €6.06 Billion ≈ $7.09 Billion |
-4.97% |
| 2019-12-31 | €6.38 Billion ≈ $7.46 Billion |
+5.94% |
| 2018-12-31 | €6.02 Billion ≈ $7.04 Billion |
+5.91% |
| 2017-12-31 | €5.69 Billion ≈ $6.65 Billion |
+13.17% |
| 2016-12-31 | €5.03 Billion ≈ $5.88 Billion |
+15.26% |
| 2015-12-31 | €4.36 Billion ≈ $5.10 Billion |
+21.85% |
| 2014-12-31 | €3.58 Billion ≈ $4.18 Billion |
+17.74% |
| 2013-12-31 | €3.04 Billion ≈ $3.55 Billion |
+24.69% |
| 2012-12-31 | €2.44 Billion ≈ $2.85 Billion |
-17.32% |
| 2011-12-31 | €2.95 Billion ≈ $3.45 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Aena 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 grown by 654566400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.46 Billion | 70.18% |
| Common Stock | €1.50 Billion | 16.29% |
| Other Comprehensive Income | €144.36 Million | 1.57% |
| Other Components | €1.10 Billion | 11.96% |
| Total Equity | €9.21 Billion | 100.00% |
Aena SA Competitors by Market Cap
The table below lists competitors of Aena SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AngloGold Ashanti Ltd
JSE:ANG
|
$35.13 Billion |
|
Hartford Financial Services Group
NYSE:HIG
|
$35.20 Billion |
|
PG&E Corp
NYSE:PCG
|
$35.39 Billion |
|
Hyundai Heavy Industries Co Ltd
KO:329180
|
$35.42 Billion |
|
UNIV.MUSIC GRP.ADR/050
F:0VD0
|
$35.12 Billion |
|
ON Semiconductor Corporation
NASDAQ:ON
|
$35.04 Billion |
|
Swiss Re AG
SW:SREN
|
$34.98 Billion |
|
Waters Corporation
NYSE:WAT
|
$34.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aena SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,276,386,000 to 9,206,457,000, a change of 930,071,000 (11.2%).
- Net income of 2,136,676,000 contributed positively to equity growth.
- Dividend payments of 1,497,800,000 reduced retained earnings.
- New share issuances of 6,918,000 increased equity.
- Other comprehensive income increased equity by 20,801,000.
- Other factors increased equity by 263,476,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.14 Billion | +23.21% |
| Dividends Paid | €1.50 Billion | -16.27% |
| Share Issuances | €6.92 Million | +0.08% |
| Other Comprehensive Income | €20.80 Million | +0.23% |
| Other Changes | €263.48 Million | +2.86% |
| Total Change | €- | 11.24% |
Book Value vs Market Value Analysis
This analysis compares Aena 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: 4.27x
- 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 increased from 1.33x to 4.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | €19.65 | €26.18 | x |
| 2012-12-31 | €16.25 | €26.18 | x |
| 2013-12-31 | €20.26 | €26.18 | x |
| 2014-12-31 | €2.34 | €26.18 | x |
| 2015-12-31 | €2.87 | €26.18 | x |
| 2016-12-31 | €3.33 | €26.18 | x |
| 2017-12-31 | €3.79 | €26.18 | x |
| 2018-12-31 | €4.02 | €26.18 | x |
| 2019-12-31 | €4.27 | €26.18 | x |
| 2020-12-31 | €4.08 | €26.18 | x |
| 2021-12-31 | €4.07 | €26.18 | x |
| 2022-12-31 | €4.48 | €26.18 | x |
| 2023-12-31 | €5.08 | €26.18 | x |
| 2024-12-31 | €5.52 | €26.18 | x |
| 2025-12-31 | €6.14 | €26.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aena 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): 23.21%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.03%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.98x
- Recent ROE (23.21%) is above the historical average (13.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -7.28% | -8.87% | 0.14x | 5.75x | €-509.32 Million |
| 2012 | -2.61% | -2.44% | 0.16x | 6.86x | €-307.26 Million |
| 2013 | 19.63% | 20.74% | 0.17x | 5.41x | €292.74 Million |
| 2014 | 13.61% | 15.56% | 0.18x | 4.95x | €126.99 Million |
| 2015 | 19.37% | 24.16% | 0.20x | 3.96x | €403.15 Million |
| 2016 | 23.31% | 31.32% | 0.24x | 3.11x | €664.81 Million |
| 2017 | 21.68% | 31.02% | 0.26x | 2.69x | €663.76 Million |
| 2018 | 22.00% | 31.54% | 0.28x | 2.47x | €724.40 Million |
| 2019 | 22.51% | 32.39% | 0.30x | 2.32x | €801.44 Million |
| 2020 | -2.07% | -5.79% | 0.14x | 2.56x | €-738.69 Million |
| 2021 | -7.79% | -19.52% | 0.15x | 2.68x | €-1.09 Billion |
| 2022 | 13.42% | 21.51% | 0.26x | 2.36x | €229.74 Million |
| 2023 | 21.38% | 32.31% | 0.29x | 2.30x | €868.08 Million |
| 2024 | 23.37% | 33.44% | 0.34x | 2.05x | €1.11 Billion |
| 2025 | 23.21% | 34.03% | 0.35x | 1.98x | €1.22 Billion |
Industry Comparison
This section compares Aena SA's net assets metrics with peer companies in the Airports & Air Services industry.
No peer company data available for comparison.
About Aena SA
Aena S.M.E., S.A., together with its subsidiaries, engages in the management of airports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The company operates through Airports, Real Estate Services, Región de Murcia International Airport, and International segments. It also manages commercial spaces in airport terminals, and a network of car parks; and leasing or transfer use of land, … Read more