SES AI Corp (SES) - Net Assets
Based on the latest financial reports, SES AI Corp (SES) has net assets worth $228.20 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($288.77 Million) and total liabilities ($60.57 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 SES AI Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $228.20 Million |
| % of Total Assets | 79.03% |
| Annual Growth Rate | 3.92% |
| 5-Year Change | N/A |
| 10-Year Change | 365.32% |
| Growth Volatility | 262.95 |
SES AI Corp - Net Assets Trend (2008–2024)
This chart illustrates how SES AI Corp's net assets have evolved over time, based on quarterly financial data. Also explore SES asset base for the complete picture of this company's asset base.
Annual Net Assets for SES AI Corp (2008–2024)
The table below shows the annual net assets of SES AI Corp from 2008 to 2024. For live valuation and market cap data, see SES company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $278.31 Million | -22.47% |
| 2023-12-31 | $358.95 Million | -8.32% |
| 2022-12-31 | $391.54 Million | +543.31% |
| 2021-12-31 | $-88.32 Million | -42.30% |
| 2020-12-31 | $-62.07 Million | -27.92% |
| 2019-12-31 | $-48.52 Million | -1006.61% |
| 2018-12-31 | $5.35 Million | -62.53% |
| 2017-12-31 | $14.29 Million | -65.78% |
| 2016-12-31 | $41.74 Million | -30.21% |
| 2015-12-31 | $59.81 Million | -26.97% |
| 2014-12-31 | $81.90 Million | +3.41% |
| 2013-12-31 | $79.20 Million | -1.98% |
| 2012-12-31 | $80.80 Million | -17.13% |
| 2011-12-31 | $97.50 Million | -6.79% |
| 2010-12-31 | $104.60 Million | -15.51% |
| 2009-12-31 | $123.80 Million | -17.74% |
| 2008-12-31 | $150.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SES AI 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 decreased by 25277100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $36.00K | 0.01% |
| Other Comprehensive Income | $-2.23 Million | -0.80% |
| Other Components | $579.38 Million | 208.18% |
| Total Equity | $278.31 Million | 100.00% |
SES AI Corp Competitors by Market Cap
The table below lists competitors of SES AI Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Primis Financial Corp
NASDAQ:FRST
|
$315.61 Million |
|
Médica Sur S.A.B. de C.V
MX:MEDICAB
|
$315.62 Million |
|
DITTO (THAILAND)
BK:DITTO-R
|
$315.78 Million |
|
Australian Strategic Materials Ltd
AU:ASM
|
$315.79 Million |
|
Ercros
MC:ECR
|
$315.45 Million |
|
Teraplast Bist
RO:TRP
|
$315.31 Million |
|
Taiwan Chinsan Electronic Industrial Co Ltd
TWO:8042
|
$315.29 Million |
|
Sichuan Tianwei Electronic Co Ltd
SHG:688511
|
$315.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SES AI Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 358,950,000 to 278,310,000, a change of -80,640,000 (-22.5%).
- Net loss of 100,185,000 reduced equity.
- Share repurchases of 1,010,000 reduced equity.
- Other comprehensive income decreased equity by 620,000.
- Other factors increased equity by 21,175,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-100.19 Million | -36.0% |
| Share Repurchases | $1.01 Million | -0.36% |
| Other Comprehensive Income | $-620.00K | -0.22% |
| Other Changes | $21.18 Million | +7.61% |
| Total Change | $- | -22.47% |
Book Value vs Market Value Analysis
This analysis compares SES AI 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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 1.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $278.70 | $0.98 | x |
| 2009-12-31 | $165.07 | $0.98 | x |
| 2010-12-31 | $139.47 | $0.98 | x |
| 2011-12-31 | $128.29 | $0.98 | x |
| 2012-12-31 | $101.13 | $0.98 | x |
| 2013-12-31 | $84.26 | $0.98 | x |
| 2014-12-31 | $79.51 | $0.98 | x |
| 2015-12-31 | $50.57 | $0.98 | x |
| 2016-12-31 | $30.79 | $0.98 | x |
| 2017-12-31 | $10.49 | $0.98 | x |
| 2018-12-31 | $3.91 | $0.98 | x |
| 2019-12-31 | $-0.14 | $0.98 | x |
| 2020-12-31 | $-0.18 | $0.98 | x |
| 2021-12-31 | $-1.45 | $0.98 | x |
| 2022-12-31 | $1.36 | $0.98 | x |
| 2023-12-31 | $1.14 | $0.98 | x |
| 2024-12-31 | $0.86 | $0.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SES AI 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): -36.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4911.03%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.18x
- Recent ROE (-36.00%) is below the historical average (-26.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 239.11% | 109050.61% | 0.00x | 1.18x | $344.82 Million |
| 2009 | -22.88% | -1348.62% | 0.01x | 1.18x | $-40.70 Million |
| 2010 | -23.66% | -266.15% | 0.08x | 1.15x | $-35.21 Million |
| 2011 | -15.30% | -146.85% | 0.09x | 1.13x | $-24.67 Million |
| 2012 | -22.57% | -596.73% | 0.03x | 1.15x | $-26.35 Million |
| 2013 | -25.53% | -3486.55% | 0.01x | 1.12x | $-28.14 Million |
| 2014 | -17.56% | -82.13% | 0.19x | 1.12x | $-22.57 Million |
| 2015 | -65.05% | -250.74% | 0.21x | 1.23x | $-44.89 Million |
| 2016 | -49.93% | -3206.62% | 0.01x | 1.32x | $-25.02 Million |
| 2017 | -196.57% | -18596.03% | 0.01x | 1.07x | $-29.51 Million |
| 2018 | -179.47% | -637.36% | 0.11x | 2.67x | $-10.14 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-9.85 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.68 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-22.42 Million |
| 2022 | -13.02% | 0.00% | 0.00x | 1.12x | $-90.15 Million |
| 2023 | -14.88% | 0.00% | 0.00x | 1.13x | $-89.30 Million |
| 2024 | -36.00% | -4911.03% | 0.01x | 1.18x | $-128.02 Million |
Industry Comparison
This section compares SES AI Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,135,741,400
- Average return on equity (ROE) among peers: 16.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SES AI Corp (SES) | $228.20 Million | 239.11% | 0.27x | $315.51 Million |
| Advance Auto Parts Inc (AAP) | $2.92 Billion | 15.76% | 1.85x | $3.49 Billion |
| Adient PLC (ADNT) | $2.16 Billion | -13.02% | 3.15x | $1.57 Billion |
| Allison Transmission Holdings Inc (ALSN) | $756.00 Million | 39.55% | 4.92x | $10.60 Billion |
| Autoliv Inc (ALV) | $2.38 Billion | 12.28% | 1.13x | $8.18 Billion |
| Aptiv PLC (APTV) | $8.10 Billion | 22.27% | 1.16x | $12.08 Billion |
| Atmus Filtration Technologies Inc. (ATMU) | $455.60 Million | 37.40% | 0.90x | $4.43 Billion |
| American Axle & Manufacturing (AXL) | $1.49 Billion | -3.87% | 4.05x | $1.36 Billion |
| AutoZone Inc (AZO) | $282.10 Million | 22.44% | 0.78x | $58.68 Billion |
| BorgWarner Inc (BWA) | $2.45 Billion | 22.43% | 1.43x | $11.38 Billion |
| China Automotive Systems Inc (CAAS) | $368.42 Million | 10.22% | 1.08x | $129.73 Million |
About SES AI Corp
SES AI Corporation develops and produces AI enhanced lithium metal and lithium ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications. It manufactures and sells li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers. SES AI Corporation oper… Read more