Telefonica SA ADR (TEF) - Net Assets
Based on the latest financial reports, Telefonica SA ADR (TEF) has net assets worth $21.34 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 ($92.57 Billion) and total liabilities ($71.22 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. Check Telefonica SA ADR (TEF) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.34 Billion |
| % of Total Assets | 23.06% |
| Annual Growth Rate | 2.7% |
| 5-Year Change | 24.58% |
| 10-Year Change | -17.44% |
| Growth Volatility | 19.81 |
Telefonica SA ADR - Net Assets Trend (1987–2024)
This chart illustrates how Telefonica SA ADR's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Telefonica SA ADR for the complete picture of this company's asset base.
Annual Net Assets for Telefonica SA ADR (1987–2024)
The table below shows the annual net assets of Telefonica SA ADR from 1987 to 2024. For live valuation and market cap data, see Telefonica SA ADR (TEF) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $22.75 Billion | -16.04% |
| 2023-12-31 | $27.10 Billion | -14.55% |
| 2022-12-31 | $31.71 Billion | +10.54% |
| 2021-12-31 | $28.68 Billion | +57.09% |
| 2020-12-31 | $18.26 Billion | -28.25% |
| 2019-12-31 | $25.45 Billion | -5.67% |
| 2018-12-31 | $26.98 Billion | +1.36% |
| 2017-12-31 | $26.62 Billion | -6.23% |
| 2016-12-31 | $28.39 Billion | +3.01% |
| 2015-12-31 | $27.56 Billion | -9.02% |
| 2014-12-31 | $30.29 Billion | +10.21% |
| 2013-12-31 | $27.48 Billion | -0.65% |
| 2012-12-31 | $27.66 Billion | +1.02% |
| 2011-12-31 | $27.38 Billion | -13.57% |
| 2010-12-31 | $31.68 Billion | +30.53% |
| 2009-12-31 | $24.27 Billion | +24.09% |
| 2008-12-31 | $19.56 Billion | -14.41% |
| 2007-12-31 | $22.86 Billion | +14.27% |
| 2006-12-31 | $20.00 Billion | +23.88% |
| 2005-12-31 | $16.15 Billion | -19.21% |
| 2004-12-31 | $19.99 Billion | -5.49% |
| 2003-12-31 | $21.15 Billion | -6.47% |
| 2002-12-31 | $22.61 Billion | -32.12% |
| 2001-12-31 | $33.31 Billion | -5.50% |
| 2000-12-31 | $35.25 Billion | +40.01% |
| 1999-12-31 | $25.17 Billion | +47.74% |
| 1998-12-31 | $17.04 Billion | +19.01% |
| 1997-12-31 | $14.32 Billion | +4.45% |
| 1996-12-31 | $13.71 Billion | +15.02% |
| 1995-12-31 | $11.92 Billion | +27.22% |
| 1994-12-31 | $9.37 Billion | -8.97% |
| 1991-12-31 | $10.29 Billion | +4.06% |
| 1990-12-31 | $9.89 Billion | +5.12% |
| 1989-12-31 | $9.41 Billion | +3.40% |
| 1988-12-31 | $9.10 Billion | +7.06% |
| 1987-12-31 | $8.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Telefonica SA ADR'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 5815.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $22.61 Billion | 116.86% |
| Common Stock | $5.67 Billion | 29.31% |
| Other Comprehensive Income | $-19.74 Billion | -102.03% |
| Other Components | $10.81 Billion | 55.86% |
| Total Equity | $19.35 Billion | 100.00% |
Telefonica SA ADR Competitors by Market Cap
The table below lists competitors of Telefonica SA ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Corpay Inc
NYSE:CPAY
|
$21.49 Billion |
|
CSG N.V.
AS:CSG
|
$21.53 Billion |
|
Luzhou Lao Jiao Co Ltd
SHE:000568
|
$21.56 Billion |
|
EAST JP RAILW. ADR 1/6
F:EJR0
|
$21.61 Billion |
|
Williams-Sonoma Inc
NYSE:WSM
|
$21.49 Billion |
|
Pan American Silver Corp
TO:PAAS
|
$21.48 Billion |
|
Lundin Mining Corporation
TO:LUN
|
$21.47 Billion |
|
Northern Star Resources Ltd
AU:NST
|
$21.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telefonica SA ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,852,000,000 to 19,347,000,000, a change of -2,505,000,000 (-11.5%).
- Net loss of 49,000,000 reduced equity.
- Dividend payments of 1,757,000,000 reduced retained earnings.
- Share repurchases of 58,000,000 reduced equity.
- Other comprehensive income decreased equity by 426,000,000.
- Other factors decreased equity by 215,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-49.00 Million | -0.25% |
| Dividends Paid | $1.76 Billion | -9.08% |
| Share Repurchases | $58.00 Million | -0.3% |
| Other Comprehensive Income | $-426.00 Million | -2.2% |
| Other Changes | $-215.00 Million | -1.11% |
| Total Change | $- | -11.46% |
Book Value vs Market Value Analysis
This analysis compares Telefonica SA ADR'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: 1.19x
- 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 1.45x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $2.82 | $4.08 | x |
| 1988-12-31 | $2.71 | $4.08 | x |
| 1989-12-31 | $2.82 | $4.08 | x |
| 1990-12-31 | $2.89 | $4.08 | x |
| 1991-12-31 | $3.07 | $4.08 | x |
| 1994-12-31 | $2.70 | $4.08 | x |
| 1995-12-31 | $2.89 | $4.08 | x |
| 1996-12-31 | $3.31 | $4.08 | x |
| 1997-12-31 | $3.18 | $4.08 | x |
| 1998-12-31 | $3.65 | $4.08 | x |
| 1999-12-31 | $3.80 | $4.08 | x |
| 2000-12-31 | $5.30 | $4.08 | x |
| 2001-12-31 | $4.86 | $4.08 | x |
| 2002-12-31 | $3.17 | $4.08 | x |
| 2003-12-31 | $2.55 | $4.08 | x |
| 2004-12-31 | $3.15 | $4.08 | x |
| 2005-12-31 | $2.61 | $4.08 | x |
| 2006-12-31 | $3.59 | $4.08 | x |
| 2007-12-31 | $4.23 | $4.08 | x |
| 2008-12-31 | $3.59 | $4.08 | x |
| 2009-12-31 | $4.78 | $4.08 | x |
| 2010-12-31 | $5.40 | $4.08 | x |
| 2011-12-31 | $4.80 | $4.08 | x |
| 2012-12-31 | $4.44 | $4.08 | x |
| 2013-12-31 | $4.66 | $4.08 | x |
| 2014-12-31 | $4.58 | $4.08 | x |
| 2015-12-31 | $3.63 | $4.08 | x |
| 2016-12-31 | $3.59 | $4.08 | x |
| 2017-12-31 | $3.31 | $4.08 | x |
| 2018-12-31 | $3.46 | $4.08 | x |
| 2019-12-31 | $3.34 | $4.08 | x |
| 2020-12-31 | $2.05 | $4.08 | x |
| 2021-12-31 | $3.87 | $4.08 | x |
| 2022-12-31 | $4.35 | $4.08 | x |
| 2023-12-31 | $3.82 | $4.08 | x |
| 2024-12-31 | $3.43 | $4.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telefonica SA ADR 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): -0.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.12%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 5.19x
- Recent ROE (-0.25%) is below the historical average (15.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 4.50% | 9.85% | 0.25x | 1.81x | $-467.58 Million |
| 1988 | 5.22% | 10.26% | 0.26x | 1.94x | $-434.76 Million |
| 1989 | 5.64% | 9.69% | 0.25x | 2.33x | $-410.33 Million |
| 1990 | 5.85% | 8.89% | 0.26x | 2.54x | $-409.97 Million |
| 1991 | 7.84% | 8.85% | 0.32x | 2.80x | $-222.61 Million |
| 1994 | 7.45% | 6.50% | 0.36x | 3.15x | $-239.08 Million |
| 1995 | 8.61% | 7.65% | 0.36x | 3.12x | $-137.32 Million |
| 1996 | 8.60% | 7.99% | 0.37x | 2.92x | $-159.79 Million |
| 1997 | 9.54% | 8.04% | 0.38x | 3.13x | $-54.46 Million |
| 1998 | 9.69% | 7.49% | 0.35x | 3.67x | $-42.27 Million |
| 1999 | 12.46% | 7.86% | 0.36x | 4.43x | $357.26 Million |
| 2000 | 9.67% | 8.42% | 0.32x | 3.56x | $-86.67 Million |
| 2001 | 8.15% | 6.60% | 0.37x | 3.34x | $-479.80 Million |
| 2002 | -32.81% | -19.11% | 0.43x | 4.00x | $-7.28 Billion |
| 2003 | 13.15% | 7.58% | 0.47x | 3.70x | $527.00 Million |
| 2004 | 17.73% | 9.22% | 0.49x | 3.91x | $1.25 Billion |
| 2005 | 34.92% | 11.74% | 0.52x | 5.75x | $3.17 Billion |
| 2006 | 36.28% | 11.78% | 0.49x | 6.34x | $4.51 Billion |
| 2007 | 44.25% | 15.78% | 0.53x | 5.26x | $6.89 Billion |
| 2008 | 45.42% | 13.51% | 0.58x | 5.80x | $6.10 Billion |
| 2009 | 35.78% | 13.32% | 0.54x | 4.98x | $5.60 Billion |
| 2010 | 41.58% | 15.26% | 0.51x | 5.31x | $7.72 Billion |
| 2011 | 24.97% | 8.32% | 0.50x | 5.99x | $3.24 Billion |
| 2012 | 19.20% | 6.30% | 0.48x | 6.34x | $1.88 Billion |
| 2013 | 21.68% | 8.05% | 0.48x | 5.61x | $2.47 Billion |
| 2014 | 14.21% | 5.96% | 0.41x | 5.79x | $889.50 Million |
| 2015 | 15.34% | 5.81% | 0.38x | 6.87x | $955.90 Million |
| 2016 | 13.05% | 4.55% | 0.42x | 6.81x | $553.30 Million |
| 2017 | 18.51% | 6.02% | 0.45x | 6.80x | $1.44 Billion |
| 2018 | 18.56% | 6.84% | 0.43x | 6.35x | $1.54 Billion |
| 2019 | 6.67% | 2.36% | 0.41x | 6.94x | $-569.80 Million |
| 2020 | 14.08% | 3.67% | 0.41x | 9.35x | $458.50 Million |
| 2021 | 36.64% | 20.72% | 0.36x | 4.92x | $5.92 Billion |
| 2022 | 8.02% | 5.03% | 0.36x | 4.37x | $-497.80 Million |
| 2023 | -4.08% | -2.19% | 0.39x | 4.77x | $-3.08 Billion |
| 2024 | -0.25% | -0.12% | 0.41x | 5.19x | $-1.98 Billion |
Industry Comparison
This section compares Telefonica SA ADR's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $84,013,623,558
- Average return on equity (ROE) among peers: 6.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telefonica SA ADR (TEF) | $21.34 Billion | 4.50% | 3.34x | $21.49 Billion |
| Array Digital Infrastructure, Inc. (AD) | $2.57 Billion | 11.30% | 0.92x | $2.63 Billion |
| America Movil SAB de CV ADR (AMX) | $428.37 Billion | 18.13% | 3.21x | $71.77 Billion |
| Anterix Inc (ATEX) | $-4.21 Million | 0.00% | 0.00x | $703.61 Million |
| ATN International Inc (ATNI) | $808.72 Million | 1.55% | 0.48x | $365.41 Million |
| Altice USA Inc (ATUS) | $-5.03 Billion | 0.00% | 0.00x | $502.28 Million |
| Cable One Inc (CABO) | $1.74 Billion | 12.27% | 2.96x | $425.47 Million |
| Cogent Communications Group Inc (CCOI) | $-149.00 Million | 0.00% | 0.00x | $1.14 Billion |
| Chunghwa Telecom Co Ltd (CHT) | $373.04 Billion | 12.62% | 0.19x | $33.47 Billion |
| Charter Communications Inc (CHTR) | $38.81 Billion | 4.30% | 2.82x | $21.41 Billion |
| Comcast Corp (CMCSA) | $-21.70 Million | 0.00% | 0.00x | $97.57 Billion |
About Telefonica SA ADR
Telefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, including mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services; traditional fixed telecommunication services, such as PSTN lines; ISDN accesse… Read more