Alstom S.A. (ALO) - Net Assets
Based on the latest financial reports, Alstom S.A. (ALO) has net assets worth €9.77 Billion EUR (≈ $11.42 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 (€34.45 Billion ≈ $40.27 Billion USD) and total liabilities (€24.68 Billion ≈ $28.86 Billion USD). 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 ALO asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.77 Billion |
| % of Total Assets | 28.35% |
| Annual Growth Rate | 2.18% |
| 5-Year Change | 16.01% |
| 10-Year Change | 217.82% |
| Growth Volatility | 229.23 |
Alstom S.A. - Net Assets Trend (1998–2025)
This chart illustrates how Alstom S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore Alstom S.A. total assets for the complete picture of this company's asset base.
Annual Net Assets for Alstom S.A. (1998–2025)
The table below shows the annual net assets of Alstom S.A. from 1998 to 2025. For live valuation and market cap data, see Alstom S.A. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €10.58 Billion ≈ $12.37 Billion |
+20.49% |
| 2024-03-31 | €8.78 Billion ≈ $10.26 Billion |
-3.56% |
| 2023-03-31 | €9.10 Billion ≈ $10.64 Billion |
+0.86% |
| 2022-03-31 | €9.02 Billion ≈ $10.55 Billion |
-1.02% |
| 2021-03-31 | €9.12 Billion ≈ $10.66 Billion |
+173.95% |
| 2020-03-31 | €3.33 Billion ≈ $3.89 Billion |
-19.98% |
| 2019-03-31 | €4.16 Billion ≈ $4.86 Billion |
+21.25% |
| 2018-03-31 | €3.43 Billion ≈ $4.01 Billion |
-7.62% |
| 2017-03-31 | €3.71 Billion ≈ $4.34 Billion |
+11.57% |
| 2016-03-31 | €3.33 Billion ≈ $3.89 Billion |
-21.21% |
| 2015-03-31 | €4.22 Billion ≈ $4.94 Billion |
-17.32% |
| 2014-03-31 | €5.11 Billion ≈ $5.97 Billion |
+0.10% |
| 2013-03-31 | €5.10 Billion ≈ $5.97 Billion |
+15.11% |
| 2012-03-31 | €4.43 Billion ≈ $5.18 Billion |
+6.79% |
| 2011-03-31 | €4.15 Billion ≈ $4.85 Billion |
+1.24% |
| 2010-03-31 | €4.10 Billion ≈ $4.79 Billion |
+42.20% |
| 2009-03-31 | €2.88 Billion ≈ $3.37 Billion |
+28.46% |
| 2008-03-31 | €2.25 Billion ≈ $2.62 Billion |
-1.14% |
| 2007-03-31 | €2.27 Billion ≈ $2.66 Billion |
+23.42% |
| 2006-03-31 | €1.84 Billion ≈ $2.15 Billion |
+46.50% |
| 2005-03-31 | €1.26 Billion ≈ $1.47 Billion |
+1194.85% |
| 2004-03-31 | €97.00 Million ≈ $113.40 Million |
-87.91% |
| 2003-03-31 | €802.00 Million ≈ $937.62 Million |
-56.50% |
| 2002-03-31 | €1.84 Billion ≈ $2.16 Billion |
-15.20% |
| 2001-03-31 | €2.17 Billion ≈ $2.54 Billion |
+7.99% |
| 2000-03-31 | €2.01 Billion ≈ $2.35 Billion |
+19.99% |
| 1999-03-31 | €1.68 Billion ≈ $1.96 Billion |
-71.58% |
| 1998-03-31 | €5.90 Billion ≈ $6.90 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Alstom S.A.'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 62.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €870.00 Million | 8.31% |
| Common Stock | €3.23 Billion | 30.88% |
| Other Components | €6.36 Billion | 60.81% |
| Total Equity | €10.46 Billion | 100.00% |
Alstom S.A. Competitors by Market Cap
The table below lists competitors of Alstom S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Healthcare REIT, Inc.
NYSE:AHR
|
$9.23 Billion |
|
DEUTSCHE WOHNEN ADRS/1/2
F:DWNP
|
$9.23 Billion |
|
Discovery Holdings Ltd
JSE:DSY
|
$9.24 Billion |
|
Jinduicheng Molybdenum Co Ltd
SHG:601958
|
$9.24 Billion |
|
Addtech AB (publ.)
ST:ADDT-B
|
$9.22 Billion |
|
Universal Health Services Inc
NYSE:UHS
|
$9.22 Billion |
|
China Avionics Systems Co Ltd
SHG:600372
|
$9.21 Billion |
|
Medibank Private Ltd
AU:MPL
|
$9.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alstom S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,672,000,000 to 10,464,000,000, a change of 1,792,000,000 (20.7%).
- Net income of 149,000,000 contributed positively to equity growth.
- Dividend payments of 24,000,000 reduced retained earnings.
- Share repurchases of 977,000,000 reduced equity.
- Other comprehensive income increased equity by 245,000,000.
- Other factors increased equity by 2,399,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €149.00 Million | +1.42% |
| Dividends Paid | €24.00 Million | -0.23% |
| Share Repurchases | €977.00 Million | -9.34% |
| Other Comprehensive Income | €245.00 Million | +2.34% |
| Other Changes | €2.40 Billion | +22.93% |
| Total Change | €- | 20.66% |
Book Value vs Market Value Analysis
This analysis compares Alstom S.A.'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: 0.72x
- 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 0.85x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-03-31 | €20.01 | €17.08 | x |
| 1999-03-31 | €5.54 | €17.08 | x |
| 2000-03-31 | €4.54 | €17.08 | x |
| 2001-03-31 | €4.58 | €17.08 | x |
| 2002-03-31 | €3.77 | €17.08 | x |
| 2003-03-31 | €1.33 | €17.08 | x |
| 2004-03-31 | €0.01 | €17.08 | x |
| 2005-03-31 | €5.07 | €17.08 | x |
| 2006-03-31 | €6.27 | €17.08 | x |
| 2007-03-31 | €7.76 | €17.08 | x |
| 2008-03-31 | €7.66 | €17.08 | x |
| 2009-03-31 | €9.79 | €17.08 | x |
| 2010-03-31 | €14.04 | €17.08 | x |
| 2011-03-31 | €13.98 | €17.08 | x |
| 2012-03-31 | €14.53 | €17.08 | x |
| 2013-03-31 | €16.47 | €17.08 | x |
| 2014-03-31 | €16.19 | €17.08 | x |
| 2015-03-31 | €13.36 | €17.08 | x |
| 2016-03-31 | €11.02 | €17.08 | x |
| 2017-03-31 | €16.41 | €17.08 | x |
| 2018-03-31 | €15.14 | €17.08 | x |
| 2019-03-31 | €18.18 | €17.08 | x |
| 2020-03-31 | €13.39 | €17.08 | x |
| 2021-03-31 | €34.29 | €17.08 | x |
| 2022-03-31 | €23.91 | €17.08 | x |
| 2023-03-31 | €23.96 | €17.08 | x |
| 2024-03-31 | €22.64 | €17.08 | x |
| 2025-03-31 | €23.85 | €17.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alstom S.A. 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): 1.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.81%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 3.31x
- Recent ROE (1.42%) is above the historical average (-218.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 5.25% | 2.72% | 0.63x | 3.06x | €-276.21 Million |
| 1999 | 18.61% | 2.15% | 0.61x | 14.10x | €138.57 Million |
| 2000 | 17.58% | 2.15% | 0.78x | 10.41x | €150.08 Million |
| 2001 | 9.74% | 0.83% | 0.78x | 15.15x | €-5.29 Million |
| 2002 | -7.95% | -0.59% | 0.83x | 16.09x | €-314.65 Million |
| 2003 | -210.47% | -6.97% | 0.86x | 35.10x | €-1.56 Billion |
| 2004 | -6165.52% | -10.71% | 0.89x | 645.66x | €-1.79 Billion |
| 2005 | -73.18% | -6.33% | 0.77x | 14.95x | €-983.20 Million |
| 2006 | 10.16% | 1.35% | 0.73x | 10.33x | €2.80 Million |
| 2007 | 20.10% | 3.15% | 0.72x | 8.86x | €225.10 Million |
| 2008 | 38.55% | 5.04% | 0.79x | 9.66x | €631.00 Million |
| 2009 | 38.88% | 5.92% | 0.77x | 8.50x | €823.80 Million |
| 2010 | 29.75% | 6.19% | 0.76x | 6.35x | €807.90 Million |
| 2011 | 11.13% | 2.21% | 0.71x | 7.14x | €46.80 Million |
| 2012 | 16.92% | 3.67% | 0.64x | 7.18x | €299.30 Million |
| 2013 | 15.33% | 3.79% | 0.64x | 6.31x | €266.90 Million |
| 2014 | 11.02% | 9.71% | 0.19x | 6.03x | €51.60 Million |
| 2015 | -19.91% | -13.35% | 0.19x | 8.04x | €-1.24 Billion |
| 2016 | 91.52% | 43.61% | 0.51x | 4.15x | €2.67 Billion |
| 2017 | 6.09% | 3.05% | 0.51x | 3.92x | €-143.10 Million |
| 2018 | 9.27% | 4.26% | 0.55x | 3.92x | €-24.60 Million |
| 2019 | 10.58% | 5.36% | 0.60x | 3.28x | €23.90 Million |
| 2020 | 14.28% | 5.69% | 0.63x | 3.98x | €139.90 Million |
| 2021 | 2.73% | 2.81% | 0.31x | 3.16x | €-656.90 Million |
| 2022 | -6.46% | -3.72% | 0.51x | 3.42x | €-1.47 Billion |
| 2023 | -1.42% | -0.78% | 0.53x | 3.49x | €-1.03 Billion |
| 2024 | -3.56% | -1.75% | 0.53x | 3.83x | €-1.18 Billion |
| 2025 | 1.42% | 0.81% | 0.53x | 3.31x | €-897.40 Million |
Industry Comparison
This section compares Alstom S.A.'s net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $855,096,903
- Average return on equity (ROE) among peers: 8.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alstom S.A. (ALO) | €9.77 Billion | 5.25% | 2.53x | $9.23 Billion |
| Signaux Girod (ALGIR) | $77.33 Million | 13.42% | 0.75x | $16.74 Million |
| Getlink SE (GET) | $2.48 Billion | 4.09% | 1.94x | $9.72 Billion |
| Compagnie de Chemins de Fer Départementaux Société Anonyme (MLCFD) | $7.39 Million | 6.63% | 0.11x | $26.68 Million |
About Alstom S.A.
Alstom SA provides solutions for rail transport industry in Europe, the Americas, the Asia Pacific, the Middle East, Central Asia, and Africa. The company offers rolling stock solutions comprising people movers and monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives; asset optimization, connectivity, and security and city mobility solutions; and si… Read more