ALD SA (AYV) - Net Assets
Based on the latest financial reports, ALD SA (AYV) has net assets worth €11.04 Billion EUR (≈ $12.91 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€70.85 Billion ≈ $82.83 Billion USD) and total liabilities (€59.81 Billion ≈ $69.93 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 how tangible is ALD SA's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.04 Billion |
| % of Total Assets | 15.58% |
| Annual Growth Rate | 15.52% |
| 5-Year Change | 127.83% |
| 10-Year Change | N/A |
| Growth Volatility | 20.77 |
ALD SA - Net Assets Trend (2016–2025)
This chart illustrates how ALD SA's net assets have evolved over time, based on quarterly financial data. See how many days can ALD SA fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ALD SA (2016–2025)
The table below shows the annual net assets of ALD SA from 2016 to 2025. For live valuation and market cap data, see ALD SA (AYV) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €11.04 Billion ≈ $12.91 Billion |
-1.10% |
| 2024-12-31 | €11.16 Billion ≈ $13.05 Billion |
-1.67% |
| 2023-12-31 | €11.35 Billion ≈ $13.27 Billion |
+64.22% |
| 2022-12-31 | €6.91 Billion ≈ $8.08 Billion |
+42.65% |
| 2021-12-31 | €4.85 Billion ≈ $5.67 Billion |
+15.50% |
| 2020-12-31 | €4.20 Billion ≈ $4.90 Billion |
+4.13% |
| 2019-12-31 | €4.03 Billion ≈ $4.71 Billion |
+9.84% |
| 2018-12-31 | €3.67 Billion ≈ $4.29 Billion |
+7.94% |
| 2017-12-31 | €3.40 Billion ≈ $3.97 Billion |
+12.80% |
| 2016-12-31 | €3.01 Billion ≈ $3.52 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to ALD SA'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 162.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.49 Billion | 49.89% |
| Common Stock | €1.18 Billion | 10.68% |
| Other Components | €4.34 Billion | 39.43% |
| Total Equity | €11.01 Billion | 100.00% |
ALD SA Competitors by Market Cap
The table below lists competitors of ALD SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WT Microelectronics Co Ltd
TW:3036
|
$8.98 Billion |
|
Shenyang Fortune Precision Equipment Co. Ltd. A
SHG:688409
|
$9.00 Billion |
|
China Steel Corp
TW:2002
|
$9.00 Billion |
|
Baloise Holding AG
SW:BALN
|
$9.01 Billion |
|
Addtech AB (publ.)
ST:ADDT-B
|
$8.98 Billion |
|
Aecom Technology Corporation
NYSE:ACM
|
$8.98 Billion |
|
Founder Technology Group Co Ltd
SHG:600601
|
$8.97 Billion |
|
Embraer S.A
F:EMY
|
$8.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ALD SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,135,000,000 to 11,010,600,000, a change of -124,400,000 (-1.1%).
- Net income of 922,500,000 contributed positively to equity growth.
- Dividend payments of 631,000,000 reduced retained earnings.
- Share repurchases of 360,000,000 reduced equity.
- Other comprehensive income decreased equity by 871,100,000.
- Other factors increased equity by 815,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €922.50 Million | +8.38% |
| Dividends Paid | €631.00 Million | -5.73% |
| Share Repurchases | €360.00 Million | -3.27% |
| Other Comprehensive Income | €-871.10 Million | -7.91% |
| Other Changes | €815.20 Million | +7.4% |
| Total Change | €- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares ALD SA'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: 0.90x
- 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 1.77x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | €6.72 | €11.90 | x |
| 2017-12-31 | €7.60 | €11.90 | x |
| 2018-12-31 | €8.20 | €11.90 | x |
| 2019-12-31 | €9.01 | €11.90 | x |
| 2020-12-31 | €9.40 | €11.90 | x |
| 2021-12-31 | €10.86 | €11.90 | x |
| 2022-12-31 | €15.17 | €11.90 | x |
| 2023-12-31 | €14.98 | €11.90 | x |
| 2024-12-31 | €13.34 | €11.90 | x |
| 2025-12-31 | €13.20 | €11.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ALD SA 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): 8.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.66%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 6.43x
- Recent ROE (8.38%) is below the historical average (13.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.18% | 7.47% | 0.37x | 6.22x | €213.94 Million |
| 2017 | 16.87% | 6.97% | 0.38x | 6.31x | €231.15 Million |
| 2018 | 15.29% | 6.27% | 0.38x | 6.40x | €192.23 Million |
| 2019 | 14.13% | 5.85% | 0.38x | 6.41x | €164.91 Million |
| 2020 | 12.24% | 5.17% | 0.39x | 6.02x | €93.37 Million |
| 2021 | 18.14% | 8.36% | 0.39x | 5.61x | €391.82 Million |
| 2022 | 17.68% | 10.69% | 0.36x | 4.55x | €527.95 Million |
| 2023 | 7.54% | 4.36% | 0.27x | 6.49x | €-266.41 Million |
| 2024 | 6.14% | 2.70% | 0.17x | 13.49x | €-429.90 Million |
| 2025 | 8.38% | 3.66% | 0.36x | 6.43x | €-178.56 Million |
Industry Comparison
This section compares ALD SA's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $162,778,000
- Average return on equity (ROE) among peers: -14.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ALD SA (AYV) | €11.04 Billion | 17.18% | 5.42x | $8.98 Billion |
| Touax SCA (TOUP) | $162.78 Million | -14.72% | 3.24x | $38.23 Million |
About ALD SA
Ayvens provides service leasing and vehicle fleet management services in the France, Rest of Europe, Latin America, Asia, and internationally. Its products and services include full-service leasing, fleet management, mobility solutions, consultancy services, car auctions, and sale or lease back for fleet managers and drivers. The company was formerly known as ALD S.A. and changed its name to Ayve… Read more