Wendel Net Assets
Wendel net assets. Based on the latest financial reports, Wendel (MF) has net assets worth €4.98 Billion EUR (≈ $5.82 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€15.28 Billion ≈ $17.87 Billion USD) and total liabilities (€10.31 Billion ≈ $12.05 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. See Wendel (MF) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.98 Billion |
| % of Total Assets | 32.57% |
| Annual Growth Rate | 3.48% |
| 5-Year Change | 29.76% |
| 10-Year Change | 64.86% |
| Growth Volatility | 24.34 |
Net Assets of Wendel (2001–2025)
Net assets of Wendel from 2001 to 2025. This chart illustrates how Wendel's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of Wendel to track the company's year-over-year net asset growth rate.
Annual Net Assets for Wendel (2001–2025)
The table below shows the annual net assets of Wendel from 2001 to 2025. For live market cap and overall valuation, see Wendel (MF) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €5.44 Billion ≈ $6.35 Billion |
+5.18% |
| 2024-12-31 | €5.17 Billion ≈ $6.04 Billion |
+6.96% |
| 2023-12-31 | €4.83 Billion ≈ $5.65 Billion |
+4.21% |
| 2022-12-31 | €4.64 Billion ≈ $5.42 Billion |
+10.68% |
| 2021-12-31 | €4.19 Billion ≈ $4.90 Billion |
+27.42% |
| 2020-12-31 | €3.29 Billion ≈ $3.84 Billion |
-13.84% |
| 2019-12-31 | €3.82 Billion ≈ $4.46 Billion |
+15.40% |
| 2018-12-31 | €3.31 Billion ≈ $3.87 Billion |
+1.53% |
| 2017-12-31 | €3.26 Billion ≈ $3.81 Billion |
-1.23% |
| 2016-12-31 | €3.30 Billion ≈ $3.85 Billion |
-16.62% |
| 2015-12-31 | €3.95 Billion ≈ $4.62 Billion |
+27.88% |
| 2014-12-31 | €3.09 Billion ≈ $3.62 Billion |
+1.14% |
| 2013-12-31 | €3.06 Billion ≈ $3.57 Billion |
-7.13% |
| 2012-12-31 | €3.29 Billion ≈ $3.85 Billion |
-0.17% |
| 2011-12-31 | €3.30 Billion ≈ $3.86 Billion |
+14.02% |
| 2010-12-31 | €2.89 Billion ≈ $3.38 Billion |
+82.99% |
| 2009-12-31 | €1.58 Billion ≈ $1.85 Billion |
-31.80% |
| 2008-12-31 | €2.32 Billion ≈ $2.71 Billion |
-10.19% |
| 2007-12-31 | €2.58 Billion ≈ $3.02 Billion |
+33.89% |
| 2006-12-31 | €1.93 Billion ≈ $2.25 Billion |
+19.16% |
| 2005-12-31 | €1.62 Billion ≈ $1.89 Billion |
+4.07% |
| 2004-12-31 | €1.55 Billion ≈ $1.82 Billion |
+18.71% |
| 2003-12-31 | €1.31 Billion ≈ $1.53 Billion |
+9.79% |
| 2002-12-31 | €1.19 Billion ≈ $1.39 Billion |
-50.11% |
| 2001-12-31 | €2.39 Billion ≈ $2.79 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Wendel'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 263.2% over the analyzed period, indicating profitable operations and earnings retention.
Wendel Net Assets Breakdown (December 2025)
Wendel net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.34 Billion | 123.35% |
| Common Stock | €171.30 Million | 4.87% |
| Other Comprehensive Income | €-347.10 Million | -9.87% |
| Total Equity | €3.52 Billion | 100.00% |
Wendel Competitors by Market Cap
The table below lists competitors of Wendel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MERCARI INC. UNSP.ADR/1/2
F:6TP0
|
$3.35 Billion |
|
Eurazeo
PA:RF
|
$3.35 Billion |
|
Henan Zhongfu Industrial Co Ltd
SHG:600595
|
$3.36 Billion |
|
GPGI, Inc.
NYSE:GPGI
|
$3.36 Billion |
|
Universal Display
NASDAQ:OLED
|
$3.35 Billion |
|
PennyMac Finl Svcs Inc
NYSE:PFSI
|
$3.35 Billion |
|
Bluestar Adisseo Co
SHG:600299
|
$3.34 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
$3.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wendel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,222,900,000 to 3,516,100,000, a change of 293,200,000 (9.1%).
- Net loss of 151,800,000 reduced equity.
- Dividend payments of 263,200,000 reduced retained earnings.
- Share repurchases of 207,100,000 reduced equity.
- New share issuances of 3,000,000 increased equity.
- Other comprehensive income decreased equity by 139,100,000.
- Other factors increased equity by 1,051,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-151.80 Million | -4.32% |
| Dividends Paid | €263.20 Million | -7.49% |
| Share Repurchases | €207.10 Million | -5.89% |
| Share Issuances | €3.00 Million | +0.09% |
| Other Comprehensive Income | €-139.10 Million | -3.96% |
| Other Changes | €1.05 Billion | +29.9% |
| Total Change | €- | 9.10% |
Book Value vs Market Value Analysis
This analysis compares Wendel'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: 1.30x
- 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 2.24x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | €37.88 | €85.00 | x |
| 2002-12-31 | €23.97 | €85.00 | x |
| 2003-12-31 | €21.97 | €85.00 | x |
| 2004-12-31 | €26.17 | €85.00 | x |
| 2005-12-31 | €30.30 | €85.00 | x |
| 2006-12-31 | €36.40 | €85.00 | x |
| 2007-12-31 | €46.29 | €85.00 | x |
| 2008-12-31 | €40.44 | €85.00 | x |
| 2009-12-31 | €23.01 | €85.00 | x |
| 2010-12-31 | €47.42 | €85.00 | x |
| 2011-12-31 | €54.39 | €85.00 | x |
| 2012-12-31 | €54.75 | €85.00 | x |
| 2013-12-31 | €52.72 | €85.00 | x |
| 2014-12-31 | €53.00 | €85.00 | x |
| 2015-12-31 | €64.58 | €85.00 | x |
| 2016-12-31 | €49.59 | €85.00 | x |
| 2017-12-31 | €47.71 | €85.00 | x |
| 2018-12-31 | €47.57 | €85.00 | x |
| 2019-12-31 | €54.28 | €85.00 | x |
| 2020-12-31 | €45.78 | €85.00 | x |
| 2021-12-31 | €59.26 | €85.00 | x |
| 2022-12-31 | €63.77 | €85.00 | x |
| 2023-12-31 | €60.85 | €85.00 | x |
| 2024-12-31 | €75.89 | €85.00 | x |
| 2025-12-31 | €65.42 | €85.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wendel 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): -4.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.01%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 4.74x
- Recent ROE (-4.32%) is below the historical average (1.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -49.43% | -129.50% | 0.14x | 2.74x | €-793.63 Million |
| 2002 | -79.65% | -155.10% | 0.17x | 2.96x | €-980.45 Million |
| 2003 | 20.56% | 42.34% | 0.21x | 2.28x | €129.74 Million |
| 2004 | 28.67% | 80.01% | 0.09x | 4.15x | €272.88 Million |
| 2005 | 27.66% | 14.94% | 0.46x | 4.05x | €265.42 Million |
| 2006 | 19.96% | 8.55% | 0.42x | 5.55x | €182.37 Million |
| 2007 | 37.70% | 16.07% | 0.33x | 7.16x | €646.09 Million |
| 2008 | 11.17% | 4.20% | 0.32x | 8.22x | €23.81 Million |
| 2009 | -70.07% | -16.62% | 0.34x | 12.34x | €-924.22 Million |
| 2010 | 42.05% | 18.25% | 0.35x | 6.53x | €763.92 Million |
| 2011 | 19.50% | 8.83% | 0.39x | 5.64x | €256.00 Million |
| 2012 | 8.27% | 3.29% | 0.48x | 5.25x | €-46.34 Million |
| 2013 | 13.16% | 5.17% | 0.47x | 5.41x | €80.15 Million |
| 2014 | -14.58% | -6.45% | 0.43x | 5.28x | €-605.65 Million |
| 2015 | -5.17% | -2.01% | 0.42x | 6.20x | €-452.50 Million |
| 2016 | -22.24% | -6.53% | 0.47x | 7.22x | €-727.77 Million |
| 2017 | -6.85% | -1.84% | 0.56x | 6.67x | €-364.62 Million |
| 2018 | -5.85% | -1.51% | 0.59x | 6.63x | €-342.33 Million |
| 2019 | 16.50% | 4.93% | 0.56x | 6.02x | €157.39 Million |
| 2020 | -13.18% | -3.86% | 0.52x | 6.59x | €-464.37 Million |
| 2021 | 40.24% | 13.95% | 0.53x | 5.45x | €786.76 Million |
| 2022 | 2.55% | 0.82% | 0.61x | 5.16x | €-207.66 Million |
| 2023 | 5.32% | 2.00% | 0.47x | 5.62x | €-125.24 Million |
| 2024 | 9.12% | 3.64% | 0.52x | 4.80x | €-28.39 Million |
| 2025 | -4.32% | -2.01% | 0.45x | 4.74x | €-503.41 Million |
Industry Comparison
This section compares Wendel's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $600,561,138
- Average return on equity (ROE) among peers: 6.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wendel (MF) | €4.98 Billion | -49.43% | 2.07x | $3.35 Billion |
| ABC arbitrage SA (ABCA) | $161.66 Million | 18.03% | 0.16x | $314.86 Million |
| Audacia SAS (ALAUD) | $12.36 Million | 28.26% | 1.28x | $27.75 Million |
| Crypto Blockchain Industries SA (ALCBI) | $23.94 Million | 0.62% | 0.19x | $21.89 Million |
| Hamilton Global Opportunities PLC (ALHGO) | $23.28 Million | 2.60% | 0.17x | $27.52 Million |
| Amundi SA (AMUN) | $459.47 Million | 0.00% | 0.47x | $17.40 Billion |
| Antin IP SA (ANTIN) | $497.49 Million | 15.03% | 0.24x | $1.58 Billion |
| Compagnie du Cambodge (CBDG) | $4.49 Billion | 0.25% | 0.00x | $5.86 Billion |
| Electricite et Eaux de Madagascar SA (EEM) | $18.29 Million | -7.56% | 0.41x | $8.70 Million |
| Transition Evergreen (EGR) | $1.02 Million | -2.44% | 3.67x | $3.06 Million |
| IDI S.C.A. (IDIP) | $314.79 Million | 11.91% | 0.68x | $523.70 Million |
About Wendel
Wendel is a private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out and transactions and acquisitions. It invests in both listed and non-listed companies. The firm also invest in private debt and secondary. The firm typically invests in btob, education technology, energy transition, technology services, software, business services, healthc… Read more