ESAB Corp
ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles,… Read more
ESAB Corp (ESAB) - Net Assets
Latest net assets as of September 2025: $2.16 Billion USD
Based on the latest financial reports, ESAB Corp (ESAB) has net assets worth $2.16 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 ($4.87 Billion) and total liabilities ($2.71 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 | $2.16 Billion |
| % of Total Assets | 44.4% |
| Annual Growth Rate | -7.57% |
| 5-Year Change | -28.94% |
| 10-Year Change | N/A |
| Growth Volatility | 21.67 |
ESAB Corp - Net Assets Trend (2019–2024)
This chart illustrates how ESAB 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 ESAB Corp (2019–2024)
The table below shows the annual net assets of ESAB Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.81 Billion | +9.75% |
| 2023-12-31 | $1.65 Billion | +18.67% |
| 2022-12-31 | $1.39 Billion | -44.50% |
| 2021-12-31 | $2.50 Billion | -1.69% |
| 2020-12-31 | $2.54 Billion | -5.09% |
| 2019-12-31 | $2.68 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ESAB 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 59718000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $597.18 Million | 33.76% |
| Common Stock | $61.00K | 0.00% |
| Other Comprehensive Income | $-729.57 Million | -41.24% |
| Other Components | $1.90 Billion | 107.48% |
| Total Equity | $1.77 Billion | 100.00% |
ESAB Corp Competitors by Market Cap
The table below lists competitors of ESAB Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amkor Technology Inc
NASDAQ:AMKR
|
$5.65 Billion |
|
Churchill Downs Incorporated
NASDAQ:CHDN
|
$5.65 Billion |
|
China Oilfield Services Ltd Class A
SHG:601808
|
$5.65 Billion |
|
MGIC Investment Corp
NYSE:MTG
|
$5.66 Billion |
|
Amer Sports, Inc.
NYSE:AS
|
$5.64 Billion |
|
AB Sagax (publ)
PINK:SAGXF
|
$5.64 Billion |
|
King Slide Works Co Ltd
TW:2059
|
$5.64 Billion |
|
AU Small Finance Bank Limited
NSE:AUBANK
|
$5.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ESAB Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,607,399,000 to 1,769,004,000, a change of 161,605,000 (10.1%).
- Net income of 264,841,999 contributed positively to equity growth.
- Dividend payments of 16,992,000 reduced retained earnings.
- Other comprehensive income decreased equity by 105,302,000.
- Other factors increased equity by 19,057,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $264.84 Million | +14.97% |
| Dividends Paid | $16.99 Million | -0.96% |
| Other Comprehensive Income | $-105.30 Million | -5.95% |
| Other Changes | $19.06 Million | +1.08% |
| Total Change | $- | 10.05% |
Book Value vs Market Value Analysis
This analysis compares ESAB 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: 3.44x
- 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 2.27x to 3.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $43.92 | $99.50 | x |
| 2020-12-31 | $41.69 | $99.50 | x |
| 2021-12-31 | $40.99 | $99.50 | x |
| 2022-12-31 | $22.45 | $99.50 | x |
| 2023-12-31 | $26.50 | $99.50 | x |
| 2024-12-31 | $28.95 | $99.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ESAB 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): 14.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.66%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.28x
- Recent ROE (14.97%) is above the historical average (11.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 6.56% | 7.69% | 0.64x | 1.32x | $-90.61 Million |
| 2020 | 6.29% | 8.07% | 0.58x | 1.35x | $-92.85 Million |
| 2021 | 9.55% | 9.68% | 0.70x | 1.41x | $-10.96 Million |
| 2022 | 16.57% | 8.63% | 0.69x | 2.78x | $88.73 Million |
| 2023 | 12.77% | 7.40% | 0.72x | 2.38x | $44.55 Million |
| 2024 | 14.97% | 9.66% | 0.68x | 2.28x | $87.94 Million |
Industry Comparison
This section compares ESAB Corp's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $767,369,041
- Average return on equity (ROE) among peers: -1.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ESAB Corp (ESAB) | $2.16 Billion | 6.56% | 1.25x | $5.64 Billion |
| ADF Group Inc (ADFJF) | $91.43 Million | -1.70% | 0.17x | $70.84 Million |
| Aurubis AG (AIAGF) | $2.37 Billion | 14.83% | 0.84x | $2.34 Billion |
| American Metal & Technology Inc (AMGY) | $-2.25 Million | 0.00% | 0.00x | $0.95 |
| Ampco-Pittsburgh Corporation (AP) | $149.83 Million | -53.27% | 2.78x | $96.27 Million |
| Allegheny Technologies Incorporated (ATI) | $2.09 Billion | 1.52% | 1.08x | $19.84 Billion |
| NV Bekaert SA (BEKSF) | $2.17 Billion | 11.76% | 0.88x | $1.30 Billion |
| CompoSecure, Inc. (CMPO) | $-192.55 Million | 0.00% | 0.00x | $1.63 Billion |
| Carpenter Technology Corporation (CRS) | $239.10 Million | 15.18% | 2.05x | $18.51 Billion |
| Cymat Technologies Ltd (CYMHF) | $-612.07K | 0.00% | 0.00x | $6.74 Million |