Covivio Hotels (COVH) - Net Assets
Based on the latest financial reports, Covivio Hotels (COVH) has net assets worth €3.86 Billion EUR (≈ $4.52 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 (€6.80 Billion ≈ $7.95 Billion USD) and total liabilities (€2.93 Billion ≈ $3.43 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. Also explore how large is Covivio Hotels's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.86 Billion |
| % of Total Assets | 56.83% |
| Annual Growth Rate | 27.04% |
| 5-Year Change | 13.66% |
| 10-Year Change | 88.13% |
| Growth Volatility | 178.03 |
Covivio Hotels - Net Assets Trend (2000–2025)
This chart illustrates how Covivio Hotels's net assets have evolved over time, based on quarterly financial data. Check Covivio Hotels (COVH) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Covivio Hotels (2000–2025)
The table below shows the annual net assets of Covivio Hotels from 2000 to 2025. For live valuation and market cap data, see COVH market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.86 Billion ≈ $4.52 Billion |
+7.28% |
| 2024-12-31 | €3.60 Billion ≈ $4.21 Billion |
+1.42% |
| 2023-12-31 | €3.55 Billion ≈ $4.15 Billion |
-5.63% |
| 2022-12-31 | €3.76 Billion ≈ $4.40 Billion |
+10.71% |
| 2021-12-31 | €3.40 Billion ≈ $3.97 Billion |
+9.01% |
| 2020-12-31 | €3.12 Billion ≈ $3.64 Billion |
-10.57% |
| 2019-12-31 | €3.49 Billion ≈ $4.08 Billion |
+5.51% |
| 2018-12-31 | €3.30 Billion ≈ $3.86 Billion |
+37.38% |
| 2017-12-31 | €2.41 Billion ≈ $2.81 Billion |
+17.13% |
| 2016-12-31 | €2.05 Billion ≈ $2.40 Billion |
+5.81% |
| 2015-12-31 | €1.94 Billion ≈ $2.27 Billion |
+5.59% |
| 2014-12-31 | €1.84 Billion ≈ $2.15 Billion |
+11.69% |
| 2013-12-31 | €1.65 Billion ≈ $1.92 Billion |
+5.28% |
| 2012-12-31 | €1.56 Billion ≈ $1.83 Billion |
+22.50% |
| 2011-12-31 | €1.28 Billion ≈ $1.49 Billion |
+4.63% |
| 2010-12-31 | €1.22 Billion ≈ $1.43 Billion |
+30.43% |
| 2009-12-31 | €935.02 Million ≈ $1.09 Billion |
-20.02% |
| 2008-12-31 | €1.17 Billion ≈ $1.37 Billion |
-13.84% |
| 2007-12-31 | €1.36 Billion ≈ $1.59 Billion |
+40.68% |
| 2006-12-31 | €964.53 Million ≈ $1.13 Billion |
+100.01% |
| 2005-12-31 | €482.23 Million ≈ $563.78 Million |
+883.07% |
| 2004-12-31 | €49.05 Million ≈ $57.35 Million |
+285.83% |
| 2003-12-31 | €12.71 Million ≈ $14.86 Million |
+5.04% |
| 2002-12-31 | €12.10 Million ≈ $14.15 Million |
+5.15% |
| 2001-12-31 | €11.51 Million ≈ $13.46 Million |
+18.30% |
| 2000-12-31 | €9.73 Million ≈ $11.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Covivio Hotels'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 48818.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €307.70 Million | 8.34% |
| Common Stock | €632.00 Million | 17.12% |
| Other Comprehensive Income | €1.43 Billion | 38.85% |
| Other Components | €1.32 Billion | 35.69% |
| Total Equity | €3.69 Billion | 100.00% |
Covivio Hotels Competitors by Market Cap
The table below lists competitors of Covivio Hotels ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zealand Pharma A/S
CO:ZEAL
|
$3.62 Billion |
|
Zhengzhou Coal Mining Machinery Group Co Ltd
SHG:601717
|
$3.62 Billion |
|
TOTVS S.A
SA:TOTS3
|
$3.62 Billion |
|
Offshore Oil Engineering Co Ltd
SHG:600583
|
$3.62 Billion |
|
Georg Fischer AG
SW:GF
|
$3.62 Billion |
|
Guangdong Provincial Expressway Development Co Ltd
SHE:000429
|
$3.62 Billion |
|
ASSECO POLAND GDR/1 ZY 1
F:SFBG
|
$3.61 Billion |
|
General de Galerias Comerciales SOCIMI S.A.
MC:GGC
|
$3.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Covivio Hotels's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,434,500,000 to 3,691,000,000, a change of 256,500,000 (7.5%).
- Net income of 308,000,000 contributed positively to equity growth.
- Dividend payments of 39,400,000 reduced retained earnings.
- Share repurchases of 200,000 reduced equity.
- Other comprehensive income increased equity by 302,800,000.
- Other factors decreased equity by 314,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €308.00 Million | +8.34% |
| Dividends Paid | €39.40 Million | -1.07% |
| Share Repurchases | €200.00K | -0.01% |
| Other Comprehensive Income | €302.80 Million | +8.2% |
| Other Changes | €-314.70 Million | -8.53% |
| Total Change | €- | 7.47% |
Book Value vs Market Value Analysis
This analysis compares Covivio Hotels'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: 0.92x
- 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 1.94x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €11.75 | €22.80 | x |
| 2005-12-31 | €15.69 | €22.80 | x |
| 2006-12-31 | €20.93 | €22.80 | x |
| 2007-12-31 | €26.94 | €22.80 | x |
| 2008-12-31 | €21.13 | €22.80 | x |
| 2009-12-31 | €16.95 | €22.80 | x |
| 2010-12-31 | €20.21 | €22.80 | x |
| 2011-12-31 | €21.15 | €22.80 | x |
| 2012-12-31 | €21.15 | €22.80 | x |
| 2013-12-31 | €23.28 | €22.80 | x |
| 2014-12-31 | €25.83 | €22.80 | x |
| 2015-12-31 | €23.98 | €22.80 | x |
| 2016-12-31 | €24.98 | €22.80 | x |
| 2017-12-31 | €24.87 | €22.80 | x |
| 2018-12-31 | €27.30 | €22.80 | x |
| 2019-12-31 | €26.98 | €22.80 | x |
| 2020-12-31 | €22.76 | €22.80 | x |
| 2021-12-31 | €22.68 | €22.80 | x |
| 2022-12-31 | €24.15 | €22.80 | x |
| 2023-12-31 | €22.87 | €22.80 | x |
| 2024-12-31 | €23.18 | €22.80 | x |
| 2025-12-31 | €24.92 | €22.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Covivio Hotels 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): 8.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.02%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.84x
- Recent ROE (8.34%) is above the historical average (7.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 18.89% | 79.26% | 0.23x | 1.04x | €1.02 Million |
| 2002 | 8.63% | 75.62% | 0.11x | 1.01x | €-165.40K |
| 2003 | 8.35% | 77.11% | 0.11x | 1.01x | €-210.40K |
| 2004 | 5.52% | 412.67% | 0.01x | 2.40x | €-2.20 Million |
| 2005 | 20.66% | 223.26% | 0.03x | 3.10x | €51.42 Million |
| 2006 | 18.73% | 155.89% | 0.05x | 2.36x | €84.24 Million |
| 2007 | 17.93% | 148.27% | 0.05x | 2.43x | €107.44 Million |
| 2008 | -10.00% | -58.35% | 0.06x | 2.79x | €-233.67 Million |
| 2009 | -17.23% | -83.39% | 0.06x | 3.22x | €-255.16 Million |
| 2010 | 21.35% | 130.35% | 0.06x | 2.62x | €138.61 Million |
| 2011 | 11.06% | 69.41% | 0.07x | 2.39x | €13.54 Million |
| 2012 | 7.04% | 53.97% | 0.05x | 2.41x | €-41.92 Million |
| 2013 | 11.70% | 82.94% | 0.06x | 2.24x | €25.43 Million |
| 2014 | 5.79% | 49.06% | 0.06x | 2.05x | €-71.05 Million |
| 2015 | 11.50% | 96.74% | 0.06x | 2.07x | €26.63 Million |
| 2016 | 6.63% | 64.94% | 0.05x | 1.93x | €-62.47 Million |
| 2017 | 11.55% | 110.46% | 0.05x | 2.01x | €33.76 Million |
| 2018 | 6.38% | 61.54% | 0.05x | 2.22x | €-109.88 Million |
| 2019 | 10.75% | 72.66% | 0.07x | 2.08x | €24.46 Million |
| 2020 | -11.49% | -138.91% | 0.04x | 2.32x | €-631.05 Million |
| 2021 | 1.57% | 17.32% | 0.04x | 2.14x | €-269.85 Million |
| 2022 | 13.38% | 101.60% | 0.07x | 1.97x | €121.01 Million |
| 2023 | -0.34% | -2.10% | 0.08x | 1.99x | €-350.29 Million |
| 2024 | 6.54% | 38.36% | 0.08x | 2.08x | €-118.85 Million |
| 2025 | 8.34% | 43.02% | 0.11x | 1.84x | €-61.10 Million |
Industry Comparison
This section compares Covivio Hotels's net assets metrics with peer companies in the REIT - Hotel & Motel industry.
No peer company data available for comparison.
About Covivio Hotels
Covivio Hotels specializes in owning operating properties in the hotel sector. As a listed real estate investment Société d'Investissements Immobiliers Cotée (SIIC), real estate partner of major players in holds assets worth 6.6 billion euros (as of the end of 2025). Covivio Hotels is rated BBB+ / Stable outlook by Standard and Poor's. Covivio Hotels incorporated in 1900 in France.