NORFOLK SOUTHERN
NORFOLK SOUTHERN operates in Diversified Metals & Mining.
NORFOLK SOUTHERN (NFS) - Net Assets
Latest net assets as of September 2024: €13.79 Billion EUR
Based on the latest financial reports, NORFOLK SOUTHERN (NFS) has net assets worth €13.79 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€43.26 Billion) and total liabilities (€29.47 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 | €13.79 Billion |
| % of Total Assets | 31.87% |
| Annual Growth Rate | 0.42% |
| 5-Year Change | -15.83% |
| 10-Year Change | N/A |
| Growth Volatility | 12.84 |
NORFOLK SOUTHERN - Net Assets Trend (2016–2023)
This chart illustrates how NORFOLK SOUTHERN's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NORFOLK SOUTHERN (2016–2023)
The table below shows the annual net assets of NORFOLK SOUTHERN from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €12.78 Billion | +0.38% |
| 2022-12-31 | €12.73 Billion | -6.66% |
| 2021-12-31 | €13.64 Billion | -7.77% |
| 2020-12-31 | €14.79 Billion | -2.59% |
| 2019-12-31 | €15.18 Billion | -1.16% |
| 2018-12-31 | €15.36 Billion | -6.09% |
| 2017-12-31 | €16.36 Billion | +31.83% |
| 2016-12-31 | €12.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to NORFOLK SOUTHERN'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 2.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.70 Billion | 83.68% |
| Other Components | €2.09 Billion | 16.32% |
| Total Equity | €12.78 Billion | 100.00% |
NORFOLK SOUTHERN Competitors by Market Cap
The table below lists competitors of NORFOLK SOUTHERN ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oceancash Pacific Bhd
KLSE:0049
|
$2.50 Million |
|
Cuprina Holdings (Cayman) Limited Class A Ordinary Shares
NASDAQ:CUPR
|
$2.50 Million |
|
Future Lifestyle Fashions Limited
NSE:FLFL
|
$2.50 Million |
|
ORAPI S.A. INH. EO 1
F:O4P
|
$2.51 Million |
|
Accuracy Shipping Limited
NSE:ACCURACY
|
$2.50 Million |
|
TERADYNE
MU:TEY
|
$2.50 Million |
|
Transition Metals Corp
PINK:TNTMF
|
$2.50 Million |
|
WANdisco plc
PINK:WANSF
|
$2.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NORFOLK SOUTHERN's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 12,733,000,000 to 12,781,000,000, a change of 48,000,000 (0.4%).
- Net income of 1,827,000,000 contributed positively to equity growth.
- Dividend payments of 1,225,000,000 reduced retained earnings.
- Share repurchases of 622,000,000 reduced equity.
- New share issuances of 3,000,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.83 Billion | +14.29% |
| Dividends Paid | €1.23 Billion | -9.58% |
| Share Repurchases | €622.00 Million | -4.87% |
| Share Issuances | €3.00 Million | +0.02% |
| Other Changes | €65.00 Million | +0.51% |
| Total Change | €- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares NORFOLK SOUTHERN'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: 4.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €57.57 | €257.00 | x |
| 2018-12-31 | €57.30 | €257.00 | x |
| 2019-12-31 | €58.87 | €257.00 | x |
| 2020-12-31 | €58.67 | €257.00 | x |
| 2021-12-31 | €56.80 | €257.00 | x |
| 2022-12-31 | €55.83 | €257.00 | x |
| 2023-12-31 | €56.63 | €257.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NORFOLK SOUTHERN 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): 14.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.03%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 3.26x
- Recent ROE (14.29%) is below the historical average (19.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.44% | 16.87% | 0.28x | 2.81x | €427.10 Million |
| 2017 | 33.03% | 51.22% | 0.30x | 2.18x | €3.77 Billion |
| 2018 | 17.35% | 23.27% | 0.32x | 2.36x | €1.13 Billion |
| 2019 | 17.93% | 24.10% | 0.30x | 2.50x | €1.20 Billion |
| 2020 | 13.61% | 20.56% | 0.26x | 2.57x | €533.90 Million |
| 2021 | 22.03% | 26.97% | 0.29x | 2.82x | €1.64 Billion |
| 2022 | 25.68% | 25.66% | 0.33x | 3.05x | €2.00 Billion |
| 2023 | 14.29% | 15.03% | 0.29x | 3.26x | €548.90 Million |
Industry Comparison
This section compares NORFOLK SOUTHERN's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NORFOLK SOUTHERN (NFS) | €13.79 Billion | 13.44% | 2.14x | $2.50 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |