Telefónica S.A (TEFN) - Net Assets
Based on the latest financial reports, Telefónica S.A (TEFN) has net assets worth MX$21.34 Billion MXN (≈ $1.23 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$92.57 Billion ≈ $5.33 Billion USD) and total liabilities (MX$71.22 Billion ≈ $4.10 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 TEFN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$21.34 Billion |
| % of Total Assets | 23.06% |
| Annual Growth Rate | -1.7% |
| 5-Year Change | 24.58% |
| 10-Year Change | -10.56% |
| Growth Volatility | 21.76 |
Telefónica S.A - Net Assets Trend (2013–2024)
This chart illustrates how Telefónica S.A's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Telefónica S.A to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Telefónica S.A (2013–2024)
The table below shows the annual net assets of Telefónica S.A from 2013 to 2024. For live valuation and market cap data, see Telefónica S.A market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | MX$22.75 Billion ≈ $1.31 Billion |
-16.04% |
| 2023-12-31 | MX$27.10 Billion ≈ $1.56 Billion |
-14.55% |
| 2022-12-31 | MX$31.71 Billion ≈ $1.82 Billion |
+10.54% |
| 2021-12-31 | MX$28.68 Billion ≈ $1.65 Billion |
+57.09% |
| 2020-12-31 | MX$18.26 Billion ≈ $1.05 Billion |
-28.25% |
| 2019-12-31 | MX$25.45 Billion ≈ $1.46 Billion |
-5.67% |
| 2018-12-31 | MX$26.98 Billion ≈ $1.55 Billion |
+1.36% |
| 2017-12-31 | MX$26.62 Billion ≈ $1.53 Billion |
-6.23% |
| 2016-12-31 | MX$28.39 Billion ≈ $1.63 Billion |
+11.59% |
| 2015-12-31 | MX$25.44 Billion ≈ $1.46 Billion |
-16.11% |
| 2014-12-31 | MX$30.32 Billion ≈ $1.74 Billion |
+10.33% |
| 2013-12-31 | MX$27.48 Billion ≈ $1.58 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Telefónica 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 decreased by 3.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$22.61 Billion | 116.86% |
| Total Equity | MX$19.35 Billion | 100.00% |
Telefónica S.A Competitors by Market Cap
The table below lists competitors of Telefónica S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HEXAGON AB ADR/1
F:HXGC
|
$24.56 Billion |
|
Zhejiang Sanhua Co Ltd
SHE:002050
|
$24.62 Billion |
|
W. R. Berkley Corp
NYSE:WRB
|
$24.62 Billion |
|
adidas AG
F:ADS1
|
$24.65 Billion |
|
Norsk Hydro ASA
OL:NHY
|
$24.54 Billion |
|
Epiroc AB (publ)
ST:EPI-A
|
$24.50 Billion |
|
United Microelectronics
NYSE:UMC
|
$24.46 Billion |
|
Cognizant Technology Solutions Corp Class A
NASDAQ:CTSH
|
$24.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telefónica S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,852,000,000 to 19,347,000,000, a change of -2,505,000,000 (-11.5%).
- Net loss of 49,000,000 reduced equity.
- Dividend payments of 1,757,000,000 reduced retained earnings.
- Share repurchases of 1,301,000,000 reduced equity.
- Other factors increased equity by 602,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$-49.00 Million | -0.25% |
| Dividends Paid | MX$1.76 Billion | -9.08% |
| Share Repurchases | MX$1.30 Billion | -6.72% |
| Other Changes | MX$602.00 Million | +3.11% |
| Total Change | MX$- | -11.46% |
Book Value vs Market Value Analysis
This analysis compares Telefónica 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: 22.07x
- 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 23.22x to 22.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$3.26 | MX$75.67 | x |
| 2018-12-31 | MX$3.46 | MX$75.67 | x |
| 2019-12-31 | MX$3.30 | MX$75.67 | x |
| 2020-12-31 | MX$2.03 | MX$75.67 | x |
| 2021-12-31 | MX$3.84 | MX$75.67 | x |
| 2022-12-31 | MX$4.34 | MX$75.67 | x |
| 2023-12-31 | MX$3.80 | MX$75.67 | x |
| 2024-12-31 | MX$3.43 | MX$75.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telefónica 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): -0.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.12%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 5.19x
- Recent ROE (-0.25%) is below the historical average (12.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 21.68% | 8.97% | 0.43x | 5.61x | MX$2.47 Billion |
| 2014 | 14.20% | 5.87% | 0.42x | 5.79x | MX$887.50 Million |
| 2015 | 3.91% | 1.10% | 0.46x | 7.63x | MX$-961.10 Million |
| 2016 | 13.05% | 4.55% | 0.42x | 6.81x | MX$553.30 Million |
| 2017 | 18.51% | 6.02% | 0.45x | 6.80x | MX$1.44 Billion |
| 2018 | 18.56% | 6.84% | 0.43x | 6.35x | MX$1.54 Billion |
| 2019 | 6.67% | 2.36% | 0.41x | 6.94x | MX$-569.80 Million |
| 2020 | 14.08% | 3.67% | 0.41x | 9.35x | MX$458.50 Million |
| 2021 | 36.64% | 20.72% | 0.36x | 4.92x | MX$5.92 Billion |
| 2022 | 8.02% | 5.03% | 0.36x | 4.37x | MX$-497.80 Million |
| 2023 | -4.08% | -2.19% | 0.39x | 4.77x | MX$-3.08 Billion |
| 2024 | -0.25% | -0.12% | 0.41x | 5.19x | MX$-1.98 Billion |
Industry Comparison
This section compares Telefónica S.A's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $82,118,257,900
- Average return on equity (ROE) among peers: -1.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telefónica S.A (TEFN) | MX$21.34 Billion | 21.68% | 3.34x | $24.55 Billion |
| AMERICA MOVIL SAB DE CV (AMXB) | $49.56 Billion | 9.08% | 1.30x | $76.95 Billion |
| Grupo Televisa S.A.B (TLEVISACPO) | $111.66 Billion | -7.40% | 1.25x | $1.37 Billion |
| Vodafone Group Plc (VODN) | $85.14 Billion | -6.35% | 0.99x | $35.21 Billion |
About Telefónica S.A
Telefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, including mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services; traditional fixed telecommunication services, such as PSTN lines; ISDN accesse… Read more