Elecnor S.A Net Assets
Elecnor S.A net assets. Based on the latest financial reports, Elecnor S.A (ENO) has net assets worth €943.18 Million EUR (≈ $1.10 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 (€3.66 Billion ≈ $4.28 Billion USD) and total liabilities (€2.72 Billion ≈ $3.18 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 fast is Elecnor S.A growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €943.18 Million |
| % of Total Assets | 25.77% |
| Annual Growth Rate | 8.9% |
| 5-Year Change | 48.84% |
| 10-Year Change | -3.76% |
| Growth Volatility | 21.72 |
Net Assets of Elecnor S.A (2004–2025)
Net assets of Elecnor S.A from 2004 to 2025. This chart illustrates how Elecnor S.A's net assets have evolved over time, based on quarterly financial data. See ENO equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Elecnor S.A (2004–2025)
The table below shows the annual net assets of Elecnor S.A from 2004 to 2025. For live market cap and overall valuation, see ENO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €943.18 Million ≈ $1.10 Billion |
-19.16% |
| 2024-12-31 | €1.17 Billion ≈ $1.36 Billion |
+26.06% |
| 2023-12-31 | €925.56 Million ≈ $1.08 Billion |
+11.08% |
| 2022-12-31 | €833.25 Million ≈ $974.16 Million |
+31.50% |
| 2021-12-31 | €633.66 Million ≈ $740.82 Million |
+5.62% |
| 2020-12-31 | €599.94 Million ≈ $701.39 Million |
-18.63% |
| 2019-12-31 | €737.32 Million ≈ $862.00 Million |
-12.30% |
| 2018-12-31 | €840.71 Million ≈ $982.87 Million |
-7.01% |
| 2017-12-31 | €904.06 Million ≈ $1.06 Billion |
-7.75% |
| 2016-12-31 | €980.04 Million ≈ $1.15 Billion |
+32.37% |
| 2015-12-31 | €740.37 Million ≈ $865.57 Million |
-8.57% |
| 2014-12-31 | €809.74 Million ≈ $946.67 Million |
+52.07% |
| 2013-12-31 | €532.49 Million ≈ $622.53 Million |
-11.75% |
| 2012-12-31 | €603.37 Million ≈ $705.41 Million |
-2.66% |
| 2011-12-31 | €619.88 Million ≈ $724.70 Million |
+3.44% |
| 2010-12-31 | €599.28 Million ≈ $700.62 Million |
+25.77% |
| 2009-12-31 | €476.50 Million ≈ $557.08 Million |
+36.45% |
| 2008-12-31 | €349.21 Million ≈ $408.27 Million |
+1.04% |
| 2007-12-31 | €345.63 Million ≈ $404.08 Million |
+30.14% |
| 2006-12-31 | €265.58 Million ≈ $310.49 Million |
+11.73% |
| 2005-12-31 | €237.70 Million ≈ $277.90 Million |
+51.07% |
| 2004-12-31 | €157.35 Million ≈ $183.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Elecnor 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 grown by 268.7% over the analyzed period, indicating profitable operations and earnings retention.
Elecnor S.A Net Assets Breakdown (December 2025)
Elecnor S.A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €110.73 Million | 11.74% |
| Common Stock | €8.70 Million | 0.92% |
| Other Comprehensive Income | €971.04 Million | 102.96% |
| Total Equity | €943.10 Million | 100.00% |
Elecnor S.A Competitors by Market Cap
The table below lists competitors of Elecnor S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kirloskar Oil Engines Limited
NSE:KIRLOSENG
|
$2.83 Billion |
|
Fastly, Inc. Class A Common Stock
NASDAQ:FSLY
|
$2.83 Billion |
|
Mr D I Y Group M Bhd
KLSE:5296
|
$2.83 Billion |
|
NH Hoteles
MC:NHH
|
$2.83 Billion |
|
Chenbro Micom Co Ltd
TW:8210
|
$2.83 Billion |
|
Assured Guaranty Ltd
F:DHU
|
$2.83 Billion |
|
SmartCentres Real Estate Investment Trust
TO:SRU-UN
|
$2.83 Billion |
|
El Al Israel Airlines Ltd
TA:ELAL
|
$2.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elecnor S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,166,617,000 to 943,096,000, a change of -223,521,000 (-19.2%).
- Net income of 110,727,000 contributed positively to equity growth.
- Dividend payments of 273,006,000 reduced retained earnings.
- Share repurchases of 22,439,000 reduced equity.
- New share issuances of 22,494,000 increased equity.
- Other comprehensive income decreased equity by 49,671,999.
- Other factors decreased equity by 11,625,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €110.73 Million | +11.74% |
| Dividends Paid | €273.01 Million | -28.95% |
| Share Repurchases | €22.44 Million | -2.38% |
| Share Issuances | €22.49 Million | +2.39% |
| Other Comprehensive Income | €-49.67 Million | -5.27% |
| Other Changes | €-11.63 Million | -1.23% |
| Total Change | €- | -19.16% |
Book Value vs Market Value Analysis
This analysis compares Elecnor 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: 2.56x
- 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 19.63x to 2.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €1.45 | €28.55 | x |
| 2005-12-31 | €2.17 | €28.55 | x |
| 2006-12-31 | €2.21 | €28.55 | x |
| 2007-12-31 | €2.61 | €28.55 | x |
| 2008-12-31 | €2.88 | €28.55 | x |
| 2009-12-31 | €4.98 | €28.55 | x |
| 2010-12-31 | €6.38 | €28.55 | x |
| 2011-12-31 | €6.76 | €28.55 | x |
| 2012-12-31 | €6.65 | €28.55 | x |
| 2013-12-31 | €5.34 | €28.55 | x |
| 2014-12-31 | €5.51 | €28.55 | x |
| 2015-12-31 | €4.94 | €28.55 | x |
| 2016-12-31 | €6.50 | €28.55 | x |
| 2017-12-31 | €6.19 | €28.55 | x |
| 2018-12-31 | €6.00 | €28.55 | x |
| 2019-12-31 | €8.33 | €28.55 | x |
| 2020-12-31 | €6.80 | €28.55 | x |
| 2021-12-31 | €7.19 | €28.55 | x |
| 2022-12-31 | €9.53 | €28.55 | x |
| 2023-12-31 | €10.70 | €28.55 | x |
| 2024-12-31 | €13.77 | €28.55 | x |
| 2025-12-31 | €11.14 | €28.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elecnor 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): 11.74%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.52%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 3.88x
- Recent ROE (11.74%) is below the historical average (20.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 23.24% | 4.59% | 0.80x | 6.35x | €17.19 Million |
| 2005 | 24.40% | 6.05% | 0.67x | 5.99x | €27.91 Million |
| 2006 | 25.51% | 5.13% | 0.66x | 7.50x | €33.35 Million |
| 2007 | 32.62% | 4.73% | 0.84x | 8.17x | €54.18 Million |
| 2008 | 40.93% | 5.33% | 0.99x | 7.77x | €77.00 Million |
| 2009 | 23.85% | 6.11% | 0.77x | 5.07x | €59.54 Million |
| 2010 | 23.78% | 7.42% | 0.62x | 5.13x | €75.76 Million |
| 2011 | 20.97% | 6.40% | 0.61x | 5.36x | €62.66 Million |
| 2012 | 15.59% | 4.54% | 0.53x | 6.47x | €31.42 Million |
| 2013 | 11.81% | 2.86% | 0.55x | 7.53x | €8.15 Million |
| 2014 | 12.57% | 3.40% | 0.49x | 7.60x | €11.98 Million |
| 2015 | 15.72% | 3.49% | 0.54x | 8.38x | €23.88 Million |
| 2016 | 12.46% | 3.36% | 0.52x | 7.13x | €13.50 Million |
| 2017 | 13.59% | 3.07% | 0.61x | 7.26x | €18.82 Million |
| 2018 | 22.02% | 4.93% | 0.60x | 7.46x | €61.12 Million |
| 2019 | 17.91% | 5.15% | 0.82x | 4.22x | €55.82 Million |
| 2020 | 13.59% | 3.19% | 0.81x | 5.29x | €20.69 Million |
| 2021 | 14.10% | 2.75% | 0.95x | 5.39x | €24.96 Million |
| 2022 | 12.74% | 3.03% | 0.95x | 4.41x | €22.09 Million |
| 2023 | 12.14% | 2.90% | 0.93x | 4.50x | €19.41 Million |
| 2024 | 60.45% | 18.51% | 1.06x | 3.09x | €588.54 Million |
| 2025 | 11.74% | 2.52% | 1.20x | 3.88x | €16.42 Million |
Industry Comparison
This section compares Elecnor S.A's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,872,630,211
- Average return on equity (ROE) among peers: 0.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elecnor S.A (ENO) | €943.18 Million | 23.24% | 2.88x | $2.83 Billion |
| ACS Actividades de Construccion y Servicios SA (ACS) | $2.22 Billion | 20.35% | 4.67x | $26.81 Billion |
| Acciona (ANA) | $6.46 Billion | 16.17% | 4.62x | $12.97 Billion |
| CLERHP Estructuras S.A (CLR) | $2.22 Million | 5.14% | 1.27x | $100.82 Million |
| Enerside Energy S.A. (ENRS) | $2.02 Million | 0.44% | 0.59x | $17.17 Million |
| Grupo Ezentis S.A (EZE) | $-12.02 Million | 0.00% | 0.00x | $53.57 Million |
| Ferrovial S.A. (FER) | $7.67 Billion | 11.59% | 2.58x | $31.89 Billion |
| Grupo Greening 2022 SA (GGR) | $19.46 Million | -65.62% | 7.53x | $48.85 Million |
| Grenergy Renovables S.A (GRE) | $244.81 Million | 4.21% | 2.62x | $2.11 Billion |
| Grupo Empresarial San Jose SA (GSJ) | $252.70 Million | 13.07% | 4.16x | $502.00 Million |
About Elecnor S.A
Elecnor, S.A. engages in the development, construction, and operation of projects and services in Spain and internationally. It operates through three segments: Services, Projects, and Concessions and Own Projects. The company offers electricity distribution, telecommunications, and infrastructure maintenance; construction, operation, and maintenance of energy generation and transmission infrastr… Read more