Elecnor S.A (ENO) - 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. Check how tangible is Elecnor S.A's equity to evaluate the tangible quality of the company's equity base.
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 |
Elecnor S.A - Net Assets Trend (2004–2025)
This chart illustrates how Elecnor S.A's net assets have evolved over time, based on quarterly financial data. See ENO days of operational coverage to measure how many days the company can operate on defensive assets alone.
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 valuation and market cap data, see market cap of Elecnor S.A.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
Premium Brands Holdings Corporation
TO:PBH
|
$3.31 Billion |
|
AllianceBernstein Holding L.P.
NYSE:AB
|
$3.32 Billion |
|
Betta Pharmaceuticals Co Ltd
SHE:300558
|
$3.32 Billion |
|
Optics Technology Holding Co Ltd
SHE:300489
|
$3.32 Billion |
|
CIA EN.GER. ADR 1
F:CIDS
|
$3.31 Billion |
|
TELEPERFORMANCE SE ADR
F:RCF0
|
$3.31 Billion |
|
Aris Mining Corporation
TO:ARIS
|
$3.31 Billion |
|
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
|
$3.31 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: 3.48x
- 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 26.61x to 3.48x 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 | €38.70 | x |
| 2005-12-31 | €2.17 | €38.70 | x |
| 2006-12-31 | €2.21 | €38.70 | x |
| 2007-12-31 | €2.61 | €38.70 | x |
| 2008-12-31 | €2.88 | €38.70 | x |
| 2009-12-31 | €4.98 | €38.70 | x |
| 2010-12-31 | €6.38 | €38.70 | x |
| 2011-12-31 | €6.76 | €38.70 | x |
| 2012-12-31 | €6.65 | €38.70 | x |
| 2013-12-31 | €5.34 | €38.70 | x |
| 2014-12-31 | €5.51 | €38.70 | x |
| 2015-12-31 | €4.94 | €38.70 | x |
| 2016-12-31 | €6.50 | €38.70 | x |
| 2017-12-31 | €6.19 | €38.70 | x |
| 2018-12-31 | €6.00 | €38.70 | x |
| 2019-12-31 | €8.33 | €38.70 | x |
| 2020-12-31 | €6.80 | €38.70 | x |
| 2021-12-31 | €7.19 | €38.70 | x |
| 2022-12-31 | €9.53 | €38.70 | x |
| 2023-12-31 | €10.70 | €38.70 | x |
| 2024-12-31 | €13.77 | €38.70 | x |
| 2025-12-31 | €11.14 | €38.70 | 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: $1,379,471,853
- Average return on equity (ROE) among peers: -56.25%
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 | $3.31 Billion |
| ACS Actividades de Construccion y Servicios SA (ACS) | $2.22 Billion | 20.35% | 4.67x | $26.81 Billion |
| Acciona (ANA) | $3.43 Billion | 9.45% | 2.18x | $13.96 Billion |
| CLERHP Estructuras S.A (CLR) | $-1.78 Million | 0.00% | 0.00x | $100.82 Million |
| Enerside Energy S.A. (ENRS) | $6.44 Million | -601.62% | 10.66x | $24.75 Million |
| Grupo Ezentis S.A (EZE) | $221.71 Million | 7.21% | 1.43x | $53.57 Million |
| Ferrovial S.A. (FER) | $6.23 Billion | 7.28% | 2.69x | $41.45 Billion |
| Grenergy Renovables S.A (GRE) | $16.04 Million | 21.90% | 2.58x | $3.42 Billion |
| Grupo Empresarial San Jose SA (GSJ) | $182.14 Million | 6.64% | 4.12x | $508.50 Million |
| Duro Felguera (MDF) | $102.75 Million | 22.57% | 3.69x | $36.71 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