Azek Company Inc (AZEK) - Net Assets
Based on the latest financial reports, Azek Company Inc (AZEK) has net assets worth $1.45 Billion USD as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.30 Billion) and total liabilities ($845.08 Million). 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 asset allocation strategy of Azek Company Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.45 Billion |
| % of Total Assets | 63.25% |
| Annual Growth Rate | 16.84% |
| 5-Year Change | 4.06% |
| 10-Year Change | N/A |
| Growth Volatility | 57.67 |
Azek Company Inc - Net Assets Trend (2017–2024)
This chart illustrates how Azek Company Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AZEK market cap overview.
Annual Net Assets for Azek Company Inc (2017–2024)
The table below shows the annual net assets of Azek Company Inc from 2017 to 2024. Also explore Azek Company Inc (AZEK) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $1.36 Billion | -5.09% |
| 2023-09-30 | $1.43 Billion | -1.02% |
| 2022-09-30 | $1.44 Billion | +1.21% |
| 2021-09-30 | $1.43 Billion | +9.45% |
| 2020-09-30 | $1.30 Billion | +166.09% |
| 2019-09-30 | $490.02 Million | -3.07% |
| 2018-09-30 | $505.55 Million | +10.78% |
| 2017-09-30 | $456.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Azek Company Inc'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 23832300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $89.00 Million | 6.56% |
| Common Stock | $157.00K | 0.01% |
| Other Comprehensive Income | $-1.68 Million | -0.12% |
| Other Components | $1.27 Billion | 93.55% |
| Total Equity | $1.36 Billion | 100.00% |
Azek Company Inc Competitors by Market Cap
The table below lists competitors of Azek Company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Berry Global Group Inc
NYSE:BERY
|
$7.83 Billion |
|
MOL NA A ADR REG.S 1/2
F:MOGG
|
$7.83 Billion |
|
OPC Energy Ltd
TA:OPCE
|
$7.83 Billion |
|
Shandong Hualu Hengsheng Chemical Co Ltd
SHG:600426
|
$7.83 Billion |
|
Tubize-Fin
BR:TUB
|
$7.82 Billion |
|
Stantec Inc
TO:STN
|
$7.81 Billion |
|
Smithfield Foods, Inc. Common Stock
NASDAQ:SFD
|
$7.80 Billion |
|
Madison Square Garden Sports Corp
NYSE:MSGS
|
$7.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Azek Company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,429,643,000 to 1,356,865,000, a change of -72,778,000 (-5.1%).
- Net income of 153,379,000 contributed positively to equity growth.
- Share repurchases of 247,716,000 reduced equity.
- Other comprehensive income decreased equity by 3,560,000.
- Other factors increased equity by 25,119,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $153.38 Million | +11.3% |
| Share Repurchases | $247.72 Million | -18.26% |
| Other Comprehensive Income | $-3.56 Million | -0.26% |
| Other Changes | $25.12 Million | +1.85% |
| Total Change | $- | -5.09% |
Book Value vs Market Value Analysis
This analysis compares Azek Company Inc'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: 5.91x
- 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 17.76x to 5.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | $3.06 | $54.35 | x |
| 2018-09-30 | $4.43 | $54.35 | x |
| 2019-09-30 | $3.29 | $54.35 | x |
| 2020-09-30 | $10.80 | $54.35 | x |
| 2021-09-30 | $9.11 | $54.35 | x |
| 2022-09-30 | $9.35 | $54.35 | x |
| 2023-09-30 | $9.48 | $54.35 | x |
| 2024-09-30 | $9.20 | $54.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Azek Company Inc 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): 11.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.64%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.60x
- Recent ROE (11.30%) is above the historical average (0.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -14.77% | -10.66% | 0.40x | 3.45x | $-113.05 Million |
| 2018 | 1.33% | 0.99% | 0.38x | 3.52x | $-43.81 Million |
| 2019 | -4.12% | -2.54% | 0.44x | 3.65x | $-69.20 Million |
| 2020 | -9.37% | -13.59% | 0.47x | 1.48x | $-252.62 Million |
| 2021 | 6.23% | 7.54% | 0.54x | 1.53x | $-53.85 Million |
| 2022 | 4.65% | 4.95% | 0.57x | 1.65x | $-77.29 Million |
| 2023 | 4.75% | 4.96% | 0.58x | 1.65x | $-75.01 Million |
| 2024 | 11.30% | 10.64% | 0.66x | 1.60x | $17.69 Million |
Industry Comparison
This section compares Azek Company Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $967,352,102
- Average return on equity (ROE) among peers: 24.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azek Company Inc (AZEK) | $1.45 Billion | -14.77% | 0.58x | $7.82 Billion |
| AAON Inc (AAON) | $62.31 Million | 23.45% | 0.47x | $6.33 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $504.42 Million | 30.25% | 0.48x | $6.19 Million |
| Montana Technologies Corporation (AIRJ) | $252.11 Million | 85.56% | 0.47x | $218.85 Million |
| Apogee Enterprises Inc (APOG) | $62.60 Million | 13.58% | 0.85x | $767.95 Million |
| Alpha Pro Tech Ltd (APT) | $26.80 Million | 9.02% | 0.10x | $64.06 Million |
| Arlo Technologies (ARLO) | $133.77 Million | -75.69% | 2.09x | $1.40 Billion |
| Armstrong World Industries Inc (AWI) | $261.20 Million | 76.03% | 6.17x | $6.75 Billion |
| Builders FirstSource Inc (BLDR) | $824.95 Million | 26.89% | 2.94x | $6.25 Billion |
| Carrier Global Corp (CARR) | $6.58 Billion | 30.13% | 2.81x | $44.41 Billion |
About Azek Company Inc
The AZEK Company Inc. engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living and home exterior products, such as decking, railing, exterior trim, and molding, si… Read more