Elecnor S.A (ENO) - Net Assets

Latest as of June 2025: €899.84 Million EUR ≈ $1.05 Billion USD

Based on the latest financial reports, Elecnor S.A (ENO) has net assets worth €899.84 Million EUR (≈ $1.05 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.50 Billion ≈ $4.09 Billion USD) and total liabilities (€2.60 Billion ≈ $3.04 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 Elecnor S.A liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€899.84 Million
% of Total Assets	25.71%
Annual Growth Rate	10.54%
5-Year Change	94.48%
10-Year Change	57.59%
Growth Volatility	21.16

Elecnor S.A - Net Assets Trend (2004–2024)

This chart illustrates how Elecnor S.A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Elecnor S.A for the complete picture of this company's asset base.

Annual Net Assets for Elecnor S.A (2004–2024)

The table below shows the annual net assets of Elecnor S.A from 2004 to 2024. For live valuation and market cap data, see market cap of Elecnor S.A.

Year	Net Assets	Change
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	--

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 2247.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€705.20 Million	60.45%
Common Stock	€8.70 Million	0.75%
Other Comprehensive Income	€1.02 Billion	87.49%
Total Equity	€1.17 Billion	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
Mainova AG F:MNV6	$2.40 Billion
COUNTRY GARDEN SVDL-0001 F:75H	$2.40 Billion
Pertamina Geothermal Energy JK:PGEO	$2.40 Billion
Southchip Semiconductor Technology (Shanghai) Co. Ltd. A SHG:688484	$2.40 Billion
Ta Liang Technology Co Ltd TW:3167	$2.40 Billion
National Energy Services Reunited Corp Ordinary Shares NASDAQ:NESR	$2.40 Billion
Bank of Xi'An Co Ltd SHG:600928	$2.40 Billion
Wallenstam AB (publ) ST:WALL-B	$2.40 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 2023 to 2024, total equity changed from 906,452,000 to 1,166,617,000, a change of 260,165,000 (28.7%).
Net income of 705,200,000 contributed positively to equity growth.
Dividend payments of 573,690,000 reduced retained earnings.
Share repurchases of 11,091,000 reduced equity.
New share issuances of 10,923,000 increased equity.
Other comprehensive income increased equity by 203,873,999.
Other factors decreased equity by 75,050,999.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€705.20 Million	+60.45%
Dividends Paid	€573.69 Million	-49.18%
Share Repurchases	€11.09 Million	-0.95%
Share Issuances	€10.92 Million	+0.94%
Other Comprehensive Income	€203.87 Million	+17.48%
Other Changes	€-75.05 Million	-6.43%
Total Change	€-	28.70%

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: 2.75x
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 26.03x to 2.75x 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	€37.85	x
2005-12-31	€2.17	€37.85	x
2006-12-31	€2.21	€37.85	x
2007-12-31	€2.61	€37.85	x
2008-12-31	€2.88	€37.85	x
2009-12-31	€4.98	€37.85	x
2010-12-31	€6.38	€37.85	x
2011-12-31	€6.76	€37.85	x
2012-12-31	€6.65	€37.85	x
2013-12-31	€5.34	€37.85	x
2014-12-31	€5.51	€37.85	x
2015-12-31	€4.94	€37.85	x
2016-12-31	€6.50	€37.85	x
2017-12-31	€6.19	€37.85	x
2018-12-31	€6.00	€37.85	x
2019-12-31	€8.33	€37.85	x
2020-12-31	€6.80	€37.85	x
2021-12-31	€7.19	€37.85	x
2022-12-31	€9.53	€37.85	x
2023-12-31	€10.70	€37.85	x
2024-12-31	€13.77	€37.85	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): 60.45%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.51%
• Asset Turnover: 1.06x
• Equity Multiplier: 3.09x
Recent ROE (60.45%) is above the historical average (21.43%), indicating improving 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

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: $2,091,831,825
Average return on equity (ROE) among peers: 7.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Elecnor S.A (ENO)	€899.84 Million	23.24%	2.89x	$2.40 Billion
ACS Actividades de Construccion y Servicios SA (ACS)	$7.03 Billion	43.33%	4.07x	$26.81 Billion
Acciona (ANA)	$6.41 Billion	12.53%	4.59x	$11.79 Billion
CLERHP Estructuras S.A (CLR)	$161.00K	110.56%	5.26x	$100.82 Million
Enerside Energy S.A. (ENRS)	$44.17 Million	-31.04%	0.99x	$40.20 Million
Grupo Ezentis S.A (EZE)	$5.36 Million	-59.71%	6.96x	$48.37 Million
Ferrovial S.A. (FER)	$4.56 Billion	-10.29%	8.68x	$39.72 Billion
Grenergy Renovables S.A (GRE)	$415.30 Million	20.95%	4.21x	$3.37 Billion
Grupo Empresarial San Jose SA (GSJ)	$247.12 Million	-1.44%	0.62x	$552.72 Million
Duro Felguera (MDF)	$121.17 Million	-15.02%	7.78x	$37.01 Million

About Elecnor S.A

MC:ENO Spain Engineering & Construction

Market Cap

$3.75 Billion

€3.21 Billion EUR

Market Cap Rank

#5594 Global

#48 in Spain

Share Price

€37.85

Change (1 day)

+1.20%

52-Week Range

€19.30 - €37.85

All Time High

€37.85