ENCE Energía y Celulosa S.A
ENCE Energía y Celulosa, S.A., together with its subsidiaries, produces and sells hardwood pulp and renewable energy in Spain, Germany, Poland, Italy, the Netherlands, the United Kingdom, Greece, France, Turkey, and internationally. It operates through Pulp and Forest Assets and Other segments. The company offers bleached eucalyptus kraft pulp; and forest land management and forestry services, as… Read more
ENCE Energía y Celulosa S.A (ENC) - Net Assets
Latest net assets as of December 2025: €566.80 Million EUR
Based on the latest financial reports, ENCE Energía y Celulosa S.A (ENC) has net assets worth €566.80 Million EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.64 Billion) and total liabilities (€1.07 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €566.80 Million |
| % of Total Assets | 34.63% |
| Annual Growth Rate | -16.88% |
| 5-Year Change | -9.39% |
| 10-Year Change | 0.93% |
| Growth Volatility | 30.09 |
ENCE Energía y Celulosa S.A - Net Assets Trend (2000–2025)
This chart illustrates how ENCE Energía y Celulosa S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ENCE Energía y Celulosa S.A (2000–2025)
The table below shows the annual net assets of ENCE Energía y Celulosa S.A from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €566.80 Million | -8.97% |
| 2024-12-31 | €622.62 Million | -4.15% |
| 2023-12-31 | €649.59 Million | -20.60% |
| 2022-12-31 | €818.14 Million | +30.79% |
| 2021-12-31 | €625.52 Million | -26.42% |
| 2020-12-31 | €850.13 Million | +25.96% |
| 2019-12-31 | €674.93 Million | -3.21% |
| 2018-12-31 | €697.30 Million | +8.57% |
| 2017-12-31 | €642.23 Million | +14.37% |
| 2016-12-31 | €561.57 Million | -1.17% |
| 2015-12-31 | €568.22 Million | +4.66% |
| 2014-12-31 | €542.93 Million | -23.56% |
| 2013-12-31 | €710.30 Million | -1.99% |
| 2012-12-31 | €724.72 Million | +0.63% |
| 2011-12-31 | €720.16 Million | -6.03% |
| 2010-12-31 | €766.36 Million | +32.84% |
| 2009-12-31 | €576.90 Million | -20.93% |
| 2008-12-31 | €729.56 Million | -2.17% |
| 2007-12-31 | €745.77 Million | +0.45% |
| 2006-12-31 | €742.40 Million | +0.72% |
| 2005-12-31 | €737.10 Million | +85.30% |
| 2004-12-31 | €397.78 Million | +9.00% |
| 2003-12-31 | €364.95 Million | +8.19% |
| 2002-12-31 | €337.33 Million | -99.37% |
| 2001-12-31 | €53.15 Billion | -7.92% |
| 2000-12-31 | €57.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ENCE Energía y Celulosa S.A'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 100.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €221.65 Million | 46.45% |
| Other Comprehensive Income | €117.61 Million | 24.65% |
| Other Components | €157.80 Million | 33.07% |
| Total Equity | €477.20 Million | 100.00% |
ENCE Energía y Celulosa S.A Competitors by Market Cap
The table below lists competitors of ENCE Energía y Celulosa S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Moura Dubeux Engenharia S.A
SA:MDNE3
|
$254.94 Million |
|
Liaoning Xinde New Material Technology Co. Ltd. A
SHE:301349
|
$254.94 Million |
|
Guangxi Nanning Waterworks Co
SHG:601368
|
$254.95 Million |
|
CLAROS MORT.TR.INC.DL-01
F:5WO
|
$254.97 Million |
|
Sophia Genetics SA
NASDAQ:SOPH
|
$254.89 Million |
|
1ED
F:1ED
|
$254.84 Million |
|
LIFELINE SPAC I OYJ A EO1
F:0CD
|
$254.82 Million |
|
Shenzhen SDG Service Co. Ltd.
SHE:300917
|
$254.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ENCE Energía y Celulosa S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 525,569,000 to 477,200,000, a change of -48,369,000 (-9.2%).
- Net loss of 54,500,000 reduced equity.
- Dividend payments of 400,000 reduced retained earnings.
- Share repurchases of 1,200,000 reduced equity.
- New share issuances of 22,342,000 increased equity.
- Other comprehensive income increased equity by 6,861,000.
- Other factors decreased equity by 21,472,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-54.50 Million | -11.42% |
| Dividends Paid | €400.00K | -0.08% |
| Share Repurchases | €1.20 Million | -0.25% |
| Share Issuances | €22.34 Million | +4.68% |
| Other Comprehensive Income | €6.86 Million | +1.44% |
| Other Changes | €-21.47 Million | -4.5% |
| Total Change | €- | -9.20% |
Book Value vs Market Value Analysis
This analysis compares ENCE Energía y Celulosa S.A'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: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.04x to 1.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | €2.19 | €2.28 | x |
| 2004-12-31 | €2.46 | €2.28 | x |
| 2005-12-31 | €4.33 | €2.28 | x |
| 2006-12-31 | €3.33 | €2.28 | x |
| 2007-12-31 | €3.34 | €2.28 | x |
| 2008-12-31 | €3.19 | €2.28 | x |
| 2009-12-31 | €2.87 | €2.28 | x |
| 2010-12-31 | €2.82 | €2.28 | x |
| 2011-12-31 | €2.60 | €2.28 | x |
| 2012-12-31 | €2.65 | €2.28 | x |
| 2013-12-31 | €2.75 | €2.28 | x |
| 2014-12-31 | €2.17 | €2.28 | x |
| 2015-12-31 | €2.27 | €2.28 | x |
| 2016-12-31 | €2.21 | €2.28 | x |
| 2017-12-31 | €2.58 | €2.28 | x |
| 2018-12-31 | €2.58 | €2.28 | x |
| 2019-12-31 | €2.47 | €2.28 | x |
| 2020-12-31 | €2.94 | €2.28 | x |
| 2021-12-31 | €2.12 | €2.28 | x |
| 2022-12-31 | €2.68 | €2.28 | x |
| 2023-12-31 | €2.20 | €2.28 | x |
| 2024-12-31 | €2.13 | €2.28 | x |
| 2025-12-31 | €1.93 | €2.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ENCE Energía y Celulosa S.A 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): -11.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.29%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 3.43x
- Recent ROE (-11.42%) is below the historical average (2.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 11.20% | 8.08% | 0.62x | 2.22x | €4.39 Million |
| 2004 | 12.36% | 9.18% | 0.65x | 2.08x | €9.30 Million |
| 2005 | 8.68% | 10.27% | 0.55x | 1.54x | €-9.74 Million |
| 2006 | 6.77% | 7.25% | 0.62x | 1.51x | €-23.85 Million |
| 2007 | 7.76% | 8.31% | 0.58x | 1.60x | €-16.68 Million |
| 2008 | 0.65% | 0.72% | 0.45x | 2.00x | €-68.21 Million |
| 2009 | -26.79% | -28.66% | 0.44x | 2.12x | €-212.26 Million |
| 2010 | 8.44% | 7.84% | 0.62x | 1.74x | €-11.92 Million |
| 2011 | 5.72% | 4.99% | 0.60x | 1.90x | €-30.82 Million |
| 2012 | 5.94% | 5.20% | 0.60x | 1.90x | €-29.44 Million |
| 2013 | 0.61% | 0.51% | 0.63x | 1.92x | €-66.72 Million |
| 2014 | -25.95% | -20.49% | 0.60x | 2.13x | €-195.20 Million |
| 2015 | 8.77% | 7.51% | 0.55x | 2.13x | €-6.97 Million |
| 2016 | 6.98% | 6.39% | 0.49x | 2.22x | €-16.72 Million |
| 2017 | 14.52% | 12.40% | 0.57x | 2.06x | €28.55 Million |
| 2018 | 19.02% | 15.52% | 0.48x | 2.54x | €61.23 Million |
| 2019 | 1.40% | 1.25% | 0.41x | 2.71x | €-56.46 Million |
| 2020 | -3.70% | -3.73% | 0.36x | 2.76x | €-97.77 Million |
| 2021 | -37.14% | -23.23% | 0.51x | 3.15x | €-241.68 Million |
| 2022 | 35.27% | 24.64% | 0.56x | 2.54x | €177.13 Million |
| 2023 | -4.63% | -2.98% | 0.49x | 3.18x | €-78.13 Million |
| 2024 | 6.00% | 3.62% | 0.52x | 3.20x | €-21.01 Million |
| 2025 | -11.42% | -7.29% | 0.46x | 3.43x | €-102.22 Million |
Industry Comparison
This section compares ENCE Energía y Celulosa S.A's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $203,657,500
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ENCE Energía y Celulosa S.A (ENC) | €566.80 Million | 11.20% | 1.89x | $254.91 Million |
| Iberpapel Gestion SA (IBG) | $266.83 Million | 8.12% | 0.42x | $179.82 Million |
| Miquel y Costas & Miquel S.A. (MCM) | $140.49 Million | 8.31% | 0.40x | $289.79 Million |