General de Alquiler de Maquinaria SA (GAM) - Net Assets
Based on the latest financial reports, General de Alquiler de Maquinaria SA (GAM) has net assets worth €118.73 Million EUR (≈ $138.81 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€573.07 Million ≈ $669.98 Million USD) and total liabilities (€454.34 Million ≈ $531.17 Million 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 GAM PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €118.73 Million |
| % of Total Assets | 20.72% |
| Annual Growth Rate | 5.82% |
| 5-Year Change | 31.28% |
| 10-Year Change | N/A |
| Growth Volatility | 124.97 |
General de Alquiler de Maquinaria SA - Net Assets Trend (2003–2025)
This chart illustrates how General de Alquiler de Maquinaria SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GAM stock market capitalisation.
Annual Net Assets for General de Alquiler de Maquinaria SA (2003–2025)
The table below shows the annual net assets of General de Alquiler de Maquinaria SA from 2003 to 2025. Also explore General de Alquiler de Maquinaria SA equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €111.48 Million ≈ $130.34 Million |
+3.99% |
| 2024-12-31 | €107.20 Million ≈ $125.33 Million |
+3.06% |
| 2023-12-31 | €104.03 Million ≈ $121.62 Million |
+6.64% |
| 2022-12-31 | €97.55 Million ≈ $114.04 Million |
+14.86% |
| 2021-12-31 | €84.92 Million ≈ $99.28 Million |
+3.40% |
| 2020-12-31 | €82.13 Million ≈ $96.02 Million |
+60.02% |
| 2019-12-31 | €51.32 Million ≈ $60.00 Million |
+395.54% |
| 2018-12-31 | €-17.37 Million ≈ $-20.30 Million |
-75.29% |
| 2017-12-31 | €-9.91 Million ≈ $-11.58 Million |
-22.63% |
| 2016-12-31 | €-8.08 Million ≈ $-9.45 Million |
-450.80% |
| 2015-12-31 | €2.30 Million ≈ $2.69 Million |
+103.21% |
| 2014-12-31 | €-71.80 Million ≈ $-83.94 Million |
-44.89% |
| 2013-12-31 | €-49.55 Million ≈ $-57.93 Million |
-55.60% |
| 2012-12-31 | €-31.84 Million ≈ $-37.23 Million |
-183.07% |
| 2011-12-31 | €38.33 Million ≈ $44.82 Million |
-75.79% |
| 2010-12-31 | €158.33 Million ≈ $185.10 Million |
-13.05% |
| 2009-12-31 | €182.10 Million ≈ $212.89 Million |
-4.05% |
| 2008-12-31 | €189.78 Million ≈ $221.88 Million |
+5.57% |
| 2007-12-31 | €179.78 Million ≈ $210.18 Million |
+57.83% |
| 2006-12-31 | €113.91 Million ≈ $133.17 Million |
+80.62% |
| 2005-12-31 | €63.06 Million ≈ $73.73 Million |
+25.18% |
| 2004-12-31 | €50.38 Million ≈ $58.90 Million |
+56.86% |
| 2003-12-31 | €32.12 Million ≈ $37.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to General de Alquiler de Maquinaria 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 208.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.74 Million | 6.11% |
| Common Stock | €94.61 Million | 85.78% |
| Other Comprehensive Income | €-48.41 Million | -43.89% |
| Other Components | €57.35 Million | 52.00% |
| Total Equity | €110.29 Million | 100.00% |
General de Alquiler de Maquinaria SA Competitors by Market Cap
The table below lists competitors of General de Alquiler de Maquinaria SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADC Therapeutics SA
NYSE:ADCT
|
$133.55 Million |
|
Inclusio Sca
BR:INCLU
|
$133.60 Million |
|
Companhia Estadual de Distribuição de Energia Elétrica
SA:CEED3
|
$133.61 Million |
|
Soc Centrale Bois Scieries Manche SA
PA:CBSM
|
$133.68 Million |
|
Mi Chang Oil
KO:003650
|
$133.39 Million |
|
Rawlplug S.A.
WAR:RWL
|
$133.35 Million |
|
Koza Polyester Sanayi ve Ticaret A.S.
IS:KOPOL
|
$133.33 Million |
|
CB Industrial Product Holding
KLSE:7076
|
$133.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General de Alquiler de Maquinaria SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 105,165,000 to 110,288,000, a change of 5,123,000 (4.9%).
- Net income of 6,736,000 contributed positively to equity growth.
- Share repurchases of 499,000 reduced equity.
- Other comprehensive income decreased equity by 48,406,000.
- Other factors increased equity by 47,292,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.74 Million | +6.11% |
| Share Repurchases | €499.00K | -0.45% |
| Other Comprehensive Income | €-48.41 Million | -43.89% |
| Other Changes | €47.29 Million | +42.88% |
| Total Change | €- | 4.87% |
Book Value vs Market Value Analysis
This analysis compares General de Alquiler de Maquinaria 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: 1.22x
- 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 0.07x to 1.22x 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 | €20.59 | €1.41 | x |
| 2004-12-31 | €28.01 | €1.41 | x |
| 2005-12-31 | €12.92 | €1.41 | x |
| 2006-12-31 | €26.06 | €1.41 | x |
| 2007-12-31 | €42.15 | €1.41 | x |
| 2008-12-31 | €41.40 | €1.41 | x |
| 2009-12-31 | €40.13 | €1.41 | x |
| 2010-12-31 | €109.34 | €1.41 | x |
| 2011-12-31 | €6.42 | €1.41 | x |
| 2012-12-31 | €-5.50 | €1.41 | x |
| 2013-12-31 | €-35.22 | €1.41 | x |
| 2014-12-31 | €-11.44 | €1.41 | x |
| 2015-12-31 | €0.07 | €1.41 | x |
| 2016-12-31 | €-0.12 | €1.41 | x |
| 2017-12-31 | €-0.11 | €1.41 | x |
| 2018-12-31 | €-0.15 | €1.41 | x |
| 2019-12-31 | €0.58 | €1.41 | x |
| 2020-12-31 | €1.21 | €1.41 | x |
| 2021-12-31 | €0.89 | €1.41 | x |
| 2022-12-31 | €0.99 | €1.41 | x |
| 2023-12-31 | €1.08 | €1.41 | x |
| 2024-12-31 | €1.20 | €1.41 | x |
| 2025-12-31 | €1.15 | €1.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General de Alquiler de Maquinaria 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): 6.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 5.10x
- Recent ROE (6.11%) is above the historical average (-14.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.79% | 9.24% | 0.19x | 3.84x | €-1.03 Million |
| 2004 | 27.13% | 15.70% | 0.37x | 4.68x | €8.63 Million |
| 2005 | 20.52% | 10.24% | 0.39x | 5.15x | €6.64 Million |
| 2006 | 15.20% | 9.33% | 0.42x | 3.87x | €5.92 Million |
| 2007 | 13.91% | 507.88% | 0.01x | 5.27x | €7.02 Million |
| 2008 | 7.17% | 3.73% | 0.39x | 4.90x | €-5.36 Million |
| 2009 | -4.91% | -3.22% | 0.34x | 4.45x | €-27.15 Million |
| 2010 | -39.74% | -26.46% | 0.33x | 4.56x | €-78.76 Million |
| 2011 | -156.57% | -29.86% | 0.37x | 14.22x | €-63.85 Million |
| 2012 | 0.00% | -43.94% | 0.37x | 0.00x | €-58.15 Million |
| 2013 | 0.00% | -14.15% | 0.42x | 0.00x | €-11.98 Million |
| 2014 | 0.00% | -27.26% | 0.44x | 0.00x | €-21.01 Million |
| 2015 | -338.96% | -5.54% | 0.48x | 126.42x | €-5.99 Million |
| 2016 | 0.00% | -10.59% | 0.49x | 0.00x | €-10.27 Million |
| 2017 | 0.00% | -6.65% | 0.57x | 0.00x | €-6.70 Million |
| 2018 | 0.00% | -3.06% | 0.64x | 0.00x | €-2.28 Million |
| 2019 | 78.32% | 28.04% | 0.61x | 4.57x | €34.90 Million |
| 2020 | 1.39% | 0.85% | 0.49x | 3.35x | €-7.04 Million |
| 2021 | 3.11% | 1.56% | 0.50x | 4.01x | €-5.82 Million |
| 2022 | 8.19% | 3.43% | 0.50x | 4.81x | €-1.69 Million |
| 2023 | 8.90% | 3.23% | 0.52x | 5.27x | €-1.13 Million |
| 2024 | 4.18% | 1.45% | 0.55x | 5.24x | €-6.12 Million |
| 2025 | 6.11% | 2.13% | 0.56x | 5.10x | €-4.29 Million |
Industry Comparison
This section compares General de Alquiler de Maquinaria SA's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $53,304,702
- Average return on equity (ROE) among peers: 15.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General de Alquiler de Maquinaria SA (GAM) | €118.73 Million | 6.79% | 3.83x | $133.40 Million |
| Alquiber Quality SA (ALQ) | $53.30 Million | 15.00% | 5.35x | $83.70 Million |
About General de Alquiler de Maquinaria SA
General de Alquiler de Maquinaria, S.A. primarily engages in the equipment rental business in Spain, Portugal, Latam, Morocco, and internationally. It offers aerial work platforms, such as articulated aerial work, scissor lifts, telescopic liftin, single lifting, and truck mounted lifting platforms; handling equipment comprising telescopic handlers, forklifts, mini excavators, skid steel loaders,… Read more