Vodafone Group Plc (VODN) - Net Assets

Latest as of September 2025: MX$56.61 Billion MXN ≈ $3.26 Billion USD

Based on the latest financial reports, Vodafone Group Plc (VODN) has net assets worth MX$56.61 Billion MXN (≈ $3.26 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$128.86 Billion ≈ $7.42 Billion USD) and total liabilities (MX$72.25 Billion ≈ $4.16 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 Vodafone Group Plc (VODN) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$56.61 Billion
% of Total Assets	43.93%
Annual Growth Rate	-2.44%
5-Year Change	-6.75%
10-Year Change	-36.67%
Growth Volatility	10.54

Vodafone Group Plc - Net Assets Trend (2013–2025)

This chart illustrates how Vodafone Group Plc's net assets have evolved over time, based on quarterly financial data. Also explore Vodafone Group Plc asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Vodafone Group Plc (2013–2025)

The table below shows the annual net assets of Vodafone Group Plc from 2013 to 2025. For live valuation and market cap data, see Vodafone Group Plc market capitalisation.

Year	Net Assets	Change
2025-03-31	MX$53.92 Billion ≈ $3.10 Billion	-11.61%
2024-03-31	MX$61.00 Billion ≈ $3.51 Billion	-5.40%
2023-03-31	MX$64.48 Billion ≈ $3.71 Billion	+13.17%
2022-03-31	MX$56.98 Billion ≈ $3.28 Billion	-1.45%
2021-03-31	MX$57.82 Billion ≈ $3.33 Billion	-7.68%
2020-03-31	MX$62.62 Billion ≈ $3.60 Billion	-1.29%
2019-03-31	MX$63.45 Billion ≈ $3.65 Billion	-7.52%
2018-03-31	MX$68.61 Billion ≈ $3.95 Billion	-6.93%
2017-03-31	MX$73.72 Billion ≈ $4.24 Billion	-13.41%
2016-03-31	MX$85.14 Billion ≈ $4.90 Billion	+25.69%
2015-03-31	MX$67.73 Billion ≈ $3.90 Billion	-5.64%
2014-03-31	MX$71.78 Billion ≈ $4.13 Billion	-0.98%
2013-03-31	MX$72.49 Billion ≈ $4.17 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Vodafone Group Plc'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 2782000000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Other Components	MX$176.25 Billion	334.15%
Total Equity	MX$52.74 Billion	100.00%

Vodafone Group Plc Competitors by Market Cap

The table below lists competitors of Vodafone Group Plc ranked by their market capitalization.

Company	Market Cap
Coupang LLC NYSE:CPNG	$33.89 Billion
Nebius Group N.V. NASDAQ:NBIS	$33.91 Billion
JD.com Inc Adr F:013A	$34.07 Billion
TESCO PLC ADR/1 LS-05 F:TCO2	$34.10 Billion
Gold Fields Ltd JSE:GFI	$33.87 Billion
KERING.UNSP.ADR 1/10 EO 4 F:PPXB	$33.83 Billion
Koninklijke Ahold Delhaize NV AS:AD	$33.71 Billion
DAIMLER TRUCK SP.ADS/1/2 F:DTG1	$33.69 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vodafone Group Plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 59,966,000,000 to 52,745,000,000, a change of -7,221,000,000 (-12.0%).
Net loss of 4,169,000,000 reduced equity.
Dividend payments of 1,787,000,000 reduced retained earnings.
Share repurchases of 1,868,000,000 reduced equity.
New share issuances of 3,000,000 increased equity.
Other factors increased equity by 600,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	MX$-4.17 Billion	-7.9%
Dividends Paid	MX$1.79 Billion	-3.39%
Share Repurchases	MX$1.87 Billion	-3.54%
Share Issuances	MX$3.00 Million	+0.01%
Other Changes	MX$600.00 Million	+1.14%
Total Change	MX$-	-12.04%

Book Value vs Market Value Analysis

This analysis compares Vodafone Group Plc'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: 120.70x
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 94.03x to 120.70x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	MX$2.71	MX$255.00	x
2018-03-31	MX$2.54	MX$255.00	x
2019-03-31	MX$2.28	MX$255.00	x
2020-03-31	MX$2.13	MX$255.00	x
2021-03-31	MX$1.98	MX$255.00	x
2022-03-31	MX$1.93	MX$255.00	x
2023-03-31	MX$2.35	MX$255.00	x
2024-03-31	MX$2.21	MX$255.00	x
2025-03-31	MX$2.11	MX$255.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vodafone Group Plc 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): -7.90%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -11.13%
• Asset Turnover: 0.29x
• Equity Multiplier: 2.44x
Recent ROE (-7.90%) is below the historical average (-0.93%), 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	-6.49%	-10.85%	0.29x	2.03x	MX$-13.74 Billion
2017	-8.72%	-13.22%	0.31x	2.14x	MX$-13.52 Billion
2018	3.61%	5.24%	0.32x	2.15x	MX$-4.33 Billion
2019	-12.89%	-18.37%	0.31x	2.30x	MX$-14.24 Billion
2020	-1.50%	-2.05%	0.27x	2.74x	MX$-7.06 Billion
2021	0.20%	0.26%	0.28x	2.78x	MX$-5.47 Billion
2022	3.82%	4.58%	0.30x	2.82x	MX$-3.38 Billion
2023	18.67%	25.90%	0.29x	2.45x	MX$5.50 Billion
2024	1.90%	3.10%	0.25x	2.41x	MX$-4.86 Billion
2025	-7.90%	-11.13%	0.29x	2.44x	MX$-9.44 Billion

Industry Comparison

This section compares Vodafone Group Plc's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $60,576,160,548
Average return on equity (ROE) among peers: 10.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vodafone Group Plc (VODN)	MX$56.61 Billion	-6.49%	1.28x	$33.88 Billion
AMERICA MOVIL SAB DE CV (AMXB)	$55.59 Billion	7.65%	0.18x	$80.55 Billion
Telefónica S.A (TEFN)	$26.62 Billion	11.77%	3.32x	$24.55 Billion
Grupo Televisa S.A.B (TLEVISACPO)	$99.52 Billion	10.95%	1.83x	$1.55 Billion

About Vodafone Group Plc

MX:VODN Mexico Telecom Services

Market Cap

$33.88 Billion

MX$588.65 Billion MXN

Market Cap Rank

#780 Global

#23 in Mexico

Share Price

MX$255.00

Change (1 day)

+0.00%

52-Week Range

MX$190.00 - MX$255.00

All Time High

MX$426.65