NACCO Industries Inc
NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining operates surface coal mines under long-term contracts for power plants and a synfuels plant. This segment operates coal mines in North Dakota and Mississippi. The Co… Read more
NACCO Industries Inc (NC) - Net Assets
Latest net assets as of December 2025: $429.24 Million USD
Based on the latest financial reports, NACCO Industries Inc (NC) has net assets worth $429.24 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($661.23 Million) and total liabilities ($231.99 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $429.24 Million |
| % of Total Assets | 64.92% |
| Annual Growth Rate | 2.46% |
| 5-Year Change | 21.9% |
| 10-Year Change | 94.85% |
| Growth Volatility | 18.83 |
NACCO Industries Inc - Net Assets Trend (1985–2025)
This chart illustrates how NACCO Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NACCO Industries Inc (1985–2025)
The table below shows the annual net assets of NACCO Industries Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $429.24 Million | +6.00% |
| 2024-12-31 | $404.95 Million | +5.91% |
| 2023-12-31 | $382.34 Million | -10.45% |
| 2022-12-31 | $426.97 Million | +21.26% |
| 2021-12-31 | $352.12 Million | +17.13% |
| 2020-12-31 | $300.62 Million | +3.88% |
| 2019-12-31 | $289.39 Million | +15.43% |
| 2018-12-31 | $250.70 Million | +14.24% |
| 2017-12-31 | $219.45 Million | -0.38% |
| 2016-12-31 | $220.29 Million | +9.52% |
| 2015-12-31 | $201.14 Million | -4.89% |
| 2014-12-31 | $211.47 Million | -28.98% |
| 2013-12-31 | $297.78 Million | +5.82% |
| 2012-12-31 | $281.40 Million | -51.23% |
| 2011-12-31 | $577.00 Million | +28.74% |
| 2010-12-31 | $448.20 Million | +12.87% |
| 2009-12-31 | $397.10 Million | +11.26% |
| 2008-12-31 | $356.90 Million | -59.99% |
| 2007-12-31 | $892.10 Million | +12.48% |
| 2006-12-31 | $793.10 Million | +12.77% |
| 2005-12-31 | $703.30 Million | +2.21% |
| 2004-12-31 | $688.10 Million | +7.94% |
| 2003-12-31 | $637.50 Million | +13.74% |
| 2002-12-31 | $560.50 Million | +5.22% |
| 2001-12-31 | $532.70 Million | -12.76% |
| 2000-12-31 | $610.60 Million | +6.43% |
| 1999-12-31 | $573.70 Million | +6.01% |
| 1998-12-31 | $541.20 Million | +22.53% |
| 1997-12-31 | $441.70 Million | +12.28% |
| 1996-12-31 | $393.40 Million | -5.00% |
| 1995-12-31 | $414.10 Million | +29.45% |
| 1994-12-31 | $319.90 Million | +15.53% |
| 1993-12-31 | $276.90 Million | -1.32% |
| 1992-12-31 | $280.60 Million | -27.17% |
| 1991-12-31 | $385.30 Million | -0.67% |
| 1990-12-31 | $387.90 Million | +26.19% |
| 1989-12-31 | $307.40 Million | +24.96% |
| 1988-12-31 | $246.00 Million | +19.71% |
| 1987-12-31 | $205.50 Million | +12.91% |
| 1986-12-31 | $182.00 Million | +12.21% |
| 1985-12-31 | $162.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NACCO Industries 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 152.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $381.13 Million | 88.79% |
| Common Stock | $7.43 Million | 1.73% |
| Other Comprehensive Income | $-1.74 Million | -0.41% |
| Other Components | $42.43 Million | 9.88% |
| Total Equity | $429.24 Million | 100.00% |
NACCO Industries Inc Competitors by Market Cap
The table below lists competitors of NACCO Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GIGAVIS LTD (PROPOSED)
KQ:420770
|
$215.32 Million |
|
Regional Management Corp
NYSE:RM
|
$215.32 Million |
|
Shofu Inc.
F:69W
|
$215.32 Million |
|
Shanghai Laiyifen Co Ltd
SHG:603777
|
$215.35 Million |
|
Legacy Housing Corp
NASDAQ:LEGH
|
$215.20 Million |
|
Nantong Acetic Acid Chemical Co Ltd
SHG:603968
|
$215.11 Million |
|
Vietnam Airlines JSC
VN:HVN
|
$215.09 Million |
|
Zhejiang Aokang Shoes Co Ltd
SHG:603001
|
$215.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NACCO Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 404,947,000 to 429,243,000, a change of 24,296,000 (6.0%).
- Net income of 17,574,000 contributed positively to equity growth.
- Dividend payments of 7,335,000 reduced retained earnings.
- Share repurchases of 2,534,000 reduced equity.
- Other comprehensive income increased equity by 8,311,000.
- Other factors increased equity by 8,280,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.57 Million | +4.09% |
| Dividends Paid | $7.33 Million | -1.71% |
| Share Repurchases | $2.53 Million | -0.59% |
| Other Comprehensive Income | $8.31 Million | +1.94% |
| Other Changes | $8.28 Million | +1.93% |
| Total Change | $- | 6.00% |
Book Value vs Market Value Analysis
This analysis compares NACCO Industries 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.99x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $17.10 | $51.13 | x |
| 1986-12-31 | $19.02 | $51.13 | x |
| 1987-12-31 | $22.67 | $51.13 | x |
| 1988-12-31 | $27.77 | $51.13 | x |
| 1989-12-31 | $33.93 | $51.13 | x |
| 1990-12-31 | $39.86 | $51.13 | x |
| 1991-12-31 | $39.47 | $51.13 | x |
| 1992-12-31 | $26.94 | $51.13 | x |
| 1993-12-31 | $26.40 | $51.13 | x |
| 1994-12-31 | $31.19 | $51.13 | x |
| 1995-12-31 | $41.32 | $51.13 | x |
| 1996-12-31 | $42.50 | $51.13 | x |
| 1997-12-31 | $51.93 | $51.13 | x |
| 1998-12-31 | $63.47 | $51.13 | x |
| 1999-12-31 | $68.93 | $51.13 | x |
| 2000-12-31 | $74.25 | $51.13 | x |
| 2001-12-31 | $64.69 | $51.13 | x |
| 2002-12-31 | $68.21 | $51.13 | x |
| 2003-12-31 | $77.64 | $51.13 | x |
| 2004-12-31 | $83.74 | $51.13 | x |
| 2005-12-31 | $85.52 | $51.13 | x |
| 2006-12-31 | $96.23 | $51.13 | x |
| 2007-12-31 | $107.85 | $51.13 | x |
| 2008-12-31 | $43.07 | $51.13 | x |
| 2009-12-31 | $47.81 | $51.13 | x |
| 2010-12-31 | $53.62 | $51.13 | x |
| 2011-12-31 | $68.53 | $51.13 | x |
| 2012-12-31 | $33.44 | $51.13 | x |
| 2013-12-31 | $36.65 | $51.13 | x |
| 2014-12-31 | $27.86 | $51.13 | x |
| 2015-12-31 | $28.64 | $51.13 | x |
| 2016-12-31 | $32.14 | $51.13 | x |
| 2017-12-31 | $31.93 | $51.13 | x |
| 2018-12-31 | $36.02 | $51.13 | x |
| 2019-12-31 | $41.30 | $51.13 | x |
| 2020-12-31 | $42.60 | $51.13 | x |
| 2021-12-31 | $48.97 | $51.13 | x |
| 2022-12-31 | $57.91 | $51.13 | x |
| 2023-12-31 | $51.13 | $51.13 | x |
| 2024-12-31 | $54.64 | $51.13 | x |
| 2025-12-31 | $57.38 | $51.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NACCO Industries 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.34%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.54x
- Recent ROE (4.09%) is below the historical average (7.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 19.36% | 5.79% | 0.51x | 6.57x | $15.18 Million |
| 1986 | 18.30% | 5.70% | 0.53x | 6.00x | $15.10 Million |
| 1987 | 16.55% | 7.41% | 0.65x | 3.42x | $13.45 Million |
| 1988 | 18.29% | 7.47% | 0.72x | 3.40x | $20.40 Million |
| 1989 | 17.92% | 4.58% | 0.70x | 5.59x | $23.82 Million |
| 1990 | 8.76% | 2.25% | 0.80x | 4.88x | $-4.39 Million |
| 1991 | 5.85% | 1.51% | 0.85x | 4.59x | $-14.53 Million |
| 1992 | -35.85% | -5.86% | 0.88x | 6.95x | $-109.86 Million |
| 1993 | 3.52% | 0.54% | 0.94x | 6.97x | $-15.26 Million |
| 1994 | 15.07% | 2.27% | 1.09x | 6.06x | $14.16 Million |
| 1995 | 25.51% | 4.31% | 1.19x | 4.95x | $57.39 Million |
| 1996 | 13.34% | 2.23% | 1.33x | 4.50x | $12.67 Million |
| 1997 | 14.54% | 2.75% | 1.30x | 4.07x | $19.29 Million |
| 1998 | 19.74% | 4.03% | 1.34x | 3.66x | $50.47 Million |
| 1999 | 9.45% | 2.04% | 1.29x | 3.58x | $-3.12 Million |
| 2000 | 11.16% | 2.36% | 1.31x | 3.62x | $7.06 Million |
| 2001 | -6.80% | -1.36% | 1.22x | 4.08x | $-88.93 Million |
| 2002 | 7.58% | 1.66% | 1.20x | 3.80x | $-13.54 Million |
| 2003 | 8.29% | 2.14% | 1.34x | 2.89x | $-10.90 Million |
| 2004 | 6.96% | 1.72% | 1.36x | 2.96x | $-20.90 Million |
| 2005 | 8.89% | 1.98% | 1.51x | 2.98x | $-7.83 Million |
| 2006 | 13.39% | 3.17% | 1.55x | 2.72x | $26.89 Million |
| 2007 | 10.01% | 2.48% | 1.48x | 2.72x | $90.00K |
| 2008 | -122.68% | -11.89% | 2.18x | 4.73x | $-473.27 Million |
| 2009 | 7.84% | 1.35% | 1.55x | 3.75x | $-8.56 Million |
| 2010 | 17.77% | 2.96% | 1.62x | 3.71x | $34.76 Million |
| 2011 | 28.13% | 4.87% | 1.85x | 3.13x | $104.48 Million |
| 2012 | 38.63% | 12.45% | 1.13x | 2.76x | $80.56 Million |
| 2013 | 14.93% | 4.77% | 1.15x | 2.72x | $14.67 Million |
| 2014 | -18.02% | -4.25% | 1.16x | 3.64x | $-59.27 Million |
| 2015 | 10.93% | 2.40% | 1.40x | 3.26x | $1.87 Million |
| 2016 | 13.44% | 3.46% | 1.28x | 3.03x | $7.58 Million |
| 2017 | 13.82% | 28.95% | 0.27x | 1.78x | $8.39 Million |
| 2018 | 13.87% | 25.70% | 0.36x | 1.50x | $9.71 Million |
| 2019 | 13.69% | 28.11% | 0.32x | 1.54x | $10.69 Million |
| 2020 | 4.92% | 11.52% | 0.27x | 1.58x | $-15.27 Million |
| 2021 | 13.67% | 25.09% | 0.38x | 1.44x | $12.91 Million |
| 2022 | 17.37% | 30.68% | 0.43x | 1.33x | $31.46 Million |
| 2023 | -10.35% | -18.43% | 0.40x | 1.41x | $-77.82 Million |
| 2024 | 8.33% | 14.19% | 0.38x | 1.56x | $-6.75 Million |
| 2025 | 4.09% | 6.34% | 0.42x | 1.54x | $-25.35 Million |
Industry Comparison
This section compares NACCO Industries Inc's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $8,744,092,304
- Average return on equity (ROE) among peers: -23.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NACCO Industries Inc (NC) | $429.24 Million | 19.36% | 0.54x | $215.30 Million |
| AIM Energy Inc (AEXE) | $-1.47 Million | 0.00% | 0.00x | $110.24K |
| Morien Resources Corp (APMCF) | $2.27 Million | -24.69% | 0.20x | $8.67 Million |
| Alliance Resource Partners LP (ARLP) | $-46.55 Million | 0.00% | 0.00x | $2.47 Billion |
| Peabody Energy Corp (BTU) | $2.73 Billion | -28.86% | 3.84x | $3.53 Billion |
| Consol Energy Inc (CEIX) | $551.61 Million | 27.73% | 4.00x | $2.71 Billion |
| Colombia Energy Resources Inc (CERX) | $-129.93K | 0.00% | 0.00x | $0.92 |
| Core Natural Resources, Inc. (CNR) | $553.52 Million | -1.76% | 3.56x | $4.91 Billion |
| China Shenhua Energy Co Ltd (CSUAY) | $84.21 Billion | 19.52% | 0.94x | $97.80 Billion |
| Southstone Minerals Limited (FDGMF) | $995.43K | -225.71% | 4.43x | $65.85K |
| Feishang Anthracite Resources Limited (FSHRF) | $-551.82 Million | 0.00% | 0.00x | $1.85 Million |