Ameren Corp
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution business and natural gas transmission and… Read more
Ameren Corp (AEE) - Net Assets
Latest net assets as of December 2025: $13.53 Billion USD
Based on the latest financial reports, Ameren Corp (AEE) has net assets worth $13.53 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($48.48 Billion) and total liabilities ($34.95 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 | $13.53 Billion |
| % of Total Assets | 27.91% |
| Annual Growth Rate | 5.22% |
| 5-Year Change | 37.65% |
| 10-Year Change | 86.75% |
| Growth Volatility | 9.43 |
Ameren Corp - Net Assets Trend (1997–2025)
This chart illustrates how Ameren Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ameren Corp (1997–2025)
The table below shows the annual net assets of Ameren Corp from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.53 Billion | +10.51% |
| 2024-12-31 | $12.24 Billion | +6.66% |
| 2023-12-31 | $11.48 Billion | +7.91% |
| 2022-12-31 | $10.64 Billion | +8.22% |
| 2021-12-31 | $9.83 Billion | +8.25% |
| 2020-12-31 | $9.08 Billion | +10.72% |
| 2019-12-31 | $8.20 Billion | +5.51% |
| 2018-12-31 | $7.77 Billion | +6.10% |
| 2017-12-31 | $7.33 Billion | +1.12% |
| 2016-12-31 | $7.25 Billion | +2.22% |
| 2015-12-31 | $7.09 Billion | +3.40% |
| 2014-12-31 | $6.86 Billion | +2.53% |
| 2013-12-31 | $6.69 Billion | -1.20% |
| 2012-12-31 | $6.77 Billion | -16.13% |
| 2011-12-31 | $8.07 Billion | +2.28% |
| 2010-12-31 | $7.89 Billion | -3.19% |
| 2009-12-31 | $8.15 Billion | +13.72% |
| 2008-12-31 | $7.17 Billion | +5.77% |
| 2007-12-31 | $6.77 Billion | +2.65% |
| 2006-12-31 | $6.60 Billion | +3.42% |
| 2005-12-31 | $6.38 Billion | +5.91% |
| 2004-12-31 | $6.03 Billion | +32.27% |
| 2003-12-31 | $4.55 Billion | +34.05% |
| 2002-12-31 | $3.40 Billion | -5.28% |
| 2001-12-31 | $3.59 Billion | +4.42% |
| 2000-12-31 | $3.44 Billion | +3.21% |
| 1999-12-31 | $3.33 Billion | +1.03% |
| 1998-12-31 | $3.29 Billion | +1.14% |
| 1997-12-31 | $3.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ameren Corp'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 268.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.29 Billion | 39.49% |
| Common Stock | $3.00 Million | 0.02% |
| Other Components | $8.11 Billion | 60.49% |
| Total Equity | $13.40 Billion | 100.00% |
Ameren Corp Competitors by Market Cap
The table below lists competitors of Ameren Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Celestica Inc.
NYSE:CLS
|
$30.74 Billion |
|
BLOCK INC. CDI/1/1
F:F8O
|
$30.83 Billion |
|
Daikin IndustriesLtd
PINK:DKILF
|
$30.85 Billion |
|
National Bank of Canada
PINK:NTIOF
|
$31.06 Billion |
|
VICI Properties Inc
NYSE:VICI
|
$30.46 Billion |
|
Assicurazioni Generali S.p.A
PINK:ARZGF
|
$30.45 Billion |
|
KKR & Co. Inc.
PINK:KKRDP
|
$30.45 Billion |
|
CITIC Securities Company Limited
F:CI9
|
$30.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ameren Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,114,000,000 to 13,401,000,000, a change of 1,287,000,000 (10.6%).
- Net income of 1,456,000,000 contributed positively to equity growth.
- Dividend payments of 768,000,000 reduced retained earnings.
- Share repurchases of 574,000,000 reduced equity.
- New share issuances of 574,000,000 increased equity.
- Other comprehensive income increased equity by 6,000,000.
- Other factors increased equity by 593,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.46 Billion | +10.86% |
| Dividends Paid | $768.00 Million | -5.73% |
| Share Repurchases | $574.00 Million | -4.28% |
| Share Issuances | $574.00 Million | +4.28% |
| Other Comprehensive Income | $6.00 Million | +0.04% |
| Other Changes | $593.00 Million | +4.43% |
| Total Change | $- | 10.62% |
Book Value vs Market Value Analysis
This analysis compares Ameren Corp'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: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.76x to 2.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $23.72 | $112.86 | x |
| 1998-12-31 | $23.99 | $112.86 | x |
| 1999-12-31 | $24.23 | $112.86 | x |
| 2000-12-31 | $25.00 | $112.86 | x |
| 2001-12-31 | $25.98 | $112.86 | x |
| 2002-12-31 | $27.57 | $112.86 | x |
| 2003-12-31 | $28.13 | $112.86 | x |
| 2004-12-31 | $32.12 | $112.86 | x |
| 2005-12-31 | $31.69 | $112.86 | x |
| 2006-12-31 | $32.02 | $112.86 | x |
| 2007-12-31 | $33.50 | $112.86 | x |
| 2008-12-31 | $34.07 | $112.86 | x |
| 2009-12-31 | $35.63 | $112.86 | x |
| 2010-12-31 | $32.37 | $112.86 | x |
| 2011-12-31 | $32.79 | $112.86 | x |
| 2012-12-31 | $27.27 | $112.86 | x |
| 2013-12-31 | $26.76 | $112.86 | x |
| 2014-12-31 | $27.47 | $112.86 | x |
| 2015-12-31 | $28.51 | $112.86 | x |
| 2016-12-31 | $29.18 | $112.86 | x |
| 2017-12-31 | $29.42 | $112.86 | x |
| 2018-12-31 | $31.05 | $112.86 | x |
| 2019-12-31 | $32.61 | $112.86 | x |
| 2020-12-31 | $35.94 | $112.86 | x |
| 2021-12-31 | $37.66 | $112.86 | x |
| 2022-12-31 | $40.49 | $112.86 | x |
| 2023-12-31 | $43.09 | $112.86 | x |
| 2024-12-31 | $45.30 | $112.86 | x |
| 2025-12-31 | $49.23 | $112.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ameren Corp 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): 10.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.55%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.62x
- Recent ROE (10.86%) is above the historical average (8.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 10.29% | 10.06% | 0.38x | 2.71x | $9.28 Million |
| 1998 | 11.74% | 11.65% | 0.38x | 2.69x | $57.37 Million |
| 1999 | 11.58% | 10.93% | 0.38x | 2.76x | $52.61 Million |
| 2000 | 13.32% | 11.85% | 0.40x | 2.83x | $113.91 Million |
| 2001 | 13.09% | 10.41% | 0.43x | 2.90x | $110.60 Million |
| 2002 | 9.47% | 9.95% | 0.33x | 2.85x | $-21.50 Million |
| 2003 | 11.55% | 11.41% | 0.32x | 3.14x | $70.40 Million |
| 2004 | 8.84% | 10.27% | 0.30x | 2.91x | $-69.50 Million |
| 2005 | 9.52% | 8.94% | 0.37x | 2.85x | $-30.40 Million |
| 2006 | 8.31% | 7.95% | 0.35x | 2.97x | $-111.30 Million |
| 2007 | 8.90% | 8.19% | 0.36x | 2.98x | $-76.70 Million |
| 2008 | 8.45% | 7.69% | 0.35x | 3.17x | $-110.80 Million |
| 2009 | 7.79% | 8.58% | 0.30x | 3.03x | $-173.30 Million |
| 2010 | 1.80% | 1.82% | 0.32x | 3.04x | $-634.00 Million |
| 2011 | 6.55% | 6.89% | 0.32x | 2.99x | $-272.90 Million |
| 2012 | -14.72% | -16.85% | 0.26x | 3.30x | $-1.64 Billion |
| 2013 | 4.42% | 4.95% | 0.28x | 3.22x | $-365.40 Million |
| 2014 | 8.73% | 9.68% | 0.27x | 3.32x | $-85.30 Million |
| 2015 | 9.07% | 10.33% | 0.26x | 3.40x | $-64.60 Million |
| 2016 | 9.19% | 10.75% | 0.25x | 3.48x | $-57.30 Million |
| 2017 | 7.28% | 8.47% | 0.24x | 3.61x | $-195.40 Million |
| 2018 | 10.68% | 12.96% | 0.23x | 3.57x | $51.90 Million |
| 2019 | 10.27% | 14.01% | 0.20x | 3.59x | $22.10 Million |
| 2020 | 9.74% | 15.03% | 0.18x | 3.58x | $-22.80 Million |
| 2021 | 10.21% | 15.48% | 0.18x | 3.68x | $20.00 Million |
| 2022 | 10.22% | 13.50% | 0.21x | 3.61x | $23.20 Million |
| 2023 | 10.15% | 15.36% | 0.18x | 3.60x | $17.10 Million |
| 2024 | 9.76% | 15.51% | 0.17x | 3.68x | $-29.40 Million |
| 2025 | 10.86% | 16.55% | 0.18x | 3.62x | $115.90 Million |
Industry Comparison
This section compares Ameren Corp's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $32,859,263,889
- Average return on equity (ROE) among peers: 16.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ameren Corp (AEE) | $13.53 Billion | 10.29% | 2.58x | $30.51 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $113.50 Billion | 21.11% | 0.96x | $1.55 Billion |
| American Electric Power Co Inc (AEP) | $5.05 Billion | 9.89% | 2.11x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $32.93 Billion | 53.20% | 0.74x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $126.71 Billion | 6.81% | 0.89x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $4.48 Billion | 10.27% | 4.15x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $10.04 Billion | 10.52% | 2.84x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.37 Billion | 9.12% | 2.52x | $512.98K |
| Caribbean Utilities Company Ltd (CUPUF) | $142.47 Million | 16.68% | 1.58x | $224.77 Million |