Vitro S.A.B. de C.V (VITROA) - Net Assets

Latest as of December 2023: MX$672.56 Million MXN ≈ $38.71 Million USD

Based on the latest financial reports, Vitro S.A.B. de C.V (VITROA) has net assets worth MX$672.56 Million MXN (≈ $38.71 Million USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$1.64 Billion ≈ $94.26 Million USD) and total liabilities (MX$965.25 Million ≈ $55.55 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 VITROA financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$672.56 Million
% of Total Assets	41.06%
Annual Growth Rate	-10.77%
5-Year Change	-52.98%
10-Year Change	-91.67%
Growth Volatility	81.94

Vitro S.A.B. de C.V - Net Assets Trend (2000–2023)

This chart illustrates how Vitro S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. Also explore Vitro S.A.B. de C.V total assets for the complete picture of this company's asset base.

Annual Net Assets for Vitro S.A.B. de C.V (2000–2023)

The table below shows the annual net assets of Vitro S.A.B. de C.V from 2000 to 2023. For live valuation and market cap data, see VITROA market cap overview.

Year	Net Assets	Change
2023-12-31	MX$672.56 Million ≈ $38.71 Million	-44.23%
2022-12-31	MX$1.21 Billion ≈ $69.40 Million	+0.46%
2021-12-31	MX$1.20 Billion ≈ $69.08 Million	-8.01%
2020-12-31	MX$1.30 Billion ≈ $75.10 Million	-8.76%
2019-12-31	MX$1.43 Billion ≈ $82.31 Million	-2.59%
2018-12-31	MX$1.47 Billion ≈ $84.50 Million	+5.88%
2017-12-31	MX$1.39 Billion ≈ $79.81 Million	+16.24%
2016-12-31	MX$1.19 Billion ≈ $68.65 Million	-94.08%
2015-12-31	MX$20.14 Billion ≈ $1.16 Billion	+149.52%
2014-12-31	MX$8.07 Billion ≈ $464.60 Million	+26.40%
2013-12-31	MX$6.39 Billion ≈ $367.57 Million	+24.07%
2012-12-31	MX$5.15 Billion ≈ $296.27 Million	+319.90%
2011-12-31	MX$1.23 Billion ≈ $70.56 Million	+103.99%
2010-12-31	MX$601.00 Million ≈ $34.59 Million	-69.71%
2009-12-31	MX$1.98 Billion ≈ $114.18 Million	-36.16%
2008-12-31	MX$3.11 Billion ≈ $178.87 Million	-66.89%
2007-12-31	MX$9.39 Billion ≈ $540.17 Million	+5.76%
2006-12-31	MX$8.88 Billion ≈ $510.76 Million	+6.70%
2005-12-31	MX$8.32 Billion ≈ $478.70 Million	+2.02%
2004-12-31	MX$8.15 Billion ≈ $469.21 Million	-5.76%
2003-12-31	MX$8.65 Billion ≈ $497.87 Million	+0.62%
2002-12-31	MX$8.60 Billion ≈ $494.82 Million	-3.03%
2001-12-31	MX$8.87 Billion ≈ $510.30 Million	-4.04%
2000-12-31	MX$9.24 Billion ≈ $531.76 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Vitro S.A.B. de C.V'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 99.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2023)

Component	Amount	Percentage
Retained Earnings	MX$106.25 Million	15.80%
Other Components	MX$566.32 Million	84.20%
Total Equity	MX$672.56 Million	100.00%

Vitro S.A.B. de C.V Competitors by Market Cap

The table below lists competitors of Vitro S.A.B. de C.V ranked by their market capitalization.

Company	Market Cap
Seritage Growth Properties NYSE:SRG	$150.95 Million
AGV Products Corp TW:1217	$150.97 Million
eCloudvalley Digital Technology Co. Ltd. TW:6689	$151.02 Million
Freightcar America Inc NASDAQ:RAIL	$151.11 Million
COPRD NYSE MKT:COPRD	$150.91 Million
Southern Steel Bhd KLSE:5665	$150.75 Million
APM Automotive Holdings Bhd KLSE:5015	$150.68 Million
Long Bon International Co Ltd TW:2514	$150.62 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vitro S.A.B. de C.V's equity between the two most recent reporting periods.

Equity Growth Insights

From 2022 to 2023, total equity changed from 1,205,553,000 to 672,563,000, a change of -532,990,000 (-44.2%).
Net income of 129,146,000 contributed positively to equity growth.
Dividend payments of 30,000,000 reduced retained earnings.
Other factors decreased equity by 632,136,000.

Equity Change Factors (2022 to 2023)

Factor	Impact	Contribution
Net Income	MX$129.15 Million	+19.2%
Dividends Paid	MX$30.00 Million	-4.46%
Other Changes	MX$-632.14 Million	-93.99%
Total Change	MX$-	-44.21%

Book Value vs Market Value Analysis

This analysis compares Vitro S.A.B. de C.V'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: 3.90x
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 increased from 1.93x to 3.90x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	MX$2.88	MX$5.58	x
2018-12-31	MX$3.06	MX$5.58	x
2019-12-31	MX$3.01	MX$5.58	x
2020-12-31	MX$2.75	MX$5.58	x
2021-12-31	MX$2.53	MX$5.58	x
2022-12-31	MX$2.56	MX$5.58	x
2023-12-31	MX$1.43	MX$5.58	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vitro S.A.B. de C.V 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): 19.20%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 41.57%
• Asset Turnover: 0.19x
• Equity Multiplier: 2.44x
Recent ROE (19.20%) is above the historical average (18.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	5.56%	1.21%	0.87x	5.26x	MX$-270.60 Million
2001	2.44%	0.48%	0.90x	5.66x	MX$-418.40 Million
2005	2.90%	0.66%	0.80x	5.48x	MX$-389.80 Million
2006	5.65%	1.52%	0.98x	3.80x	MX$-310.70 Million
2012	87.34%	14.72%	0.66x	9.00x	MX$3.01 Billion
2013	11.41%	2.70%	0.64x	6.56x	MX$72.10 Million
2014	-0.84%	-0.25%	0.64x	5.20x	MX$-731.80 Million
2015	126.26%	167.06%	0.51x	1.48x	MX$21.73 Billion
2016	14.65%	18.24%	0.44x	1.84x	MX$55.42 Million
2017	13.48%	9.42%	0.74x	1.93x	MX$48.19 Million
2018	11.02%	7.23%	0.81x	1.89x	MX$15.01 Million
2019	4.49%	2.94%	0.78x	1.95x	MX$-78.81 Million
2020	-3.48%	-2.57%	0.61x	2.22x	MX$-175.77 Million
2021	-8.89%	-5.45%	0.77x	2.12x	MX$-226.57 Million
2022	1.48%	0.76%	0.92x	2.12x	MX$-102.69 Million
2023	19.20%	41.57%	0.19x	2.44x	MX$61.89 Million

Industry Comparison

This section compares Vitro S.A.B. de C.V's net assets metrics with peer companies in the Building Materials industry.

Industry Context

Industry: Building Materials
Average net assets among peers: $7,665,507,000
Average return on equity (ROE) among peers: 15.72%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vitro S.A.B. de C.V (VITROA)	MX$672.56 Million	5.56%	1.44x	$150.94 Million
CEMEX S.A.B. de C.V. (CEMEXCPO)	$10.82 Billion	1.32%	1.71x	$12.55K
Corporación Moctezuma S.A.B. de C.V (CMOCTEZ)	$11.20 Billion	39.16%	0.26x	$3.91 Billion
Grupo Cementos de Chihuahua S.A.B. de C.V (GCC)	$972.22 Million	6.69%	0.96x	$3.94 Billion

About Vitro S.A.B. de C.V

MX:VITROA Mexico Building Materials

Market Cap

$150.94 Million

MX$2.62 Billion MXN

Market Cap Rank

#17629 Global

#118 in Mexico

Share Price

MX$5.58

Change (1 day)

-2.11%

52-Week Range

MX$5.00 - MX$6.52

All Time High

MX$69.18