Safran SA (SAF) - Net Assets
Based on the latest financial reports, Safran SA (SAF) has net assets worth €15.46 Billion EUR (≈ $18.08 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 (€61.81 Billion ≈ $72.27 Billion USD) and total liabilities (€46.35 Billion ≈ $54.19 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 Safran SA tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €15.46 Billion |
| % of Total Assets | 25.01% |
| Annual Growth Rate | 10.52% |
| 5-Year Change | 16.51% |
| 10-Year Change | 127.07% |
| Growth Volatility | 54.82 |
Safran SA - Net Assets Trend (2000–2025)
This chart illustrates how Safran SA's net assets have evolved over time, based on quarterly financial data. See how many days can Safran SA fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Safran SA (2000–2025)
The table below shows the annual net assets of Safran SA from 2000 to 2025. For live valuation and market cap data, see Safran SA stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €15.46 Billion ≈ $18.08 Billion |
+44.16% |
| 2024-12-31 | €10.72 Billion ≈ $12.54 Billion |
-11.28% |
| 2023-12-31 | €12.09 Billion ≈ $14.13 Billion |
+11.25% |
| 2022-12-31 | €10.87 Billion ≈ $12.70 Billion |
-18.12% |
| 2021-12-31 | €13.27 Billion ≈ $15.51 Billion |
+4.08% |
| 2020-12-31 | €12.75 Billion ≈ $14.91 Billion |
+0.02% |
| 2019-12-31 | €12.75 Billion ≈ $14.90 Billion |
+3.63% |
| 2018-12-31 | €12.30 Billion ≈ $14.38 Billion |
+27.50% |
| 2017-12-31 | €9.65 Billion ≈ $11.28 Billion |
+41.69% |
| 2016-12-31 | €6.81 Billion ≈ $7.96 Billion |
+15.54% |
| 2015-12-31 | €5.89 Billion ≈ $6.89 Billion |
-9.21% |
| 2014-12-31 | €6.49 Billion ≈ $7.59 Billion |
-4.73% |
| 2013-12-31 | €6.81 Billion ≈ $7.97 Billion |
+9.39% |
| 2012-12-31 | €6.23 Billion ≈ $7.28 Billion |
+21.59% |
| 2011-12-31 | €5.12 Billion ≈ $5.99 Billion |
+8.86% |
| 2010-12-31 | €4.71 Billion ≈ $5.50 Billion |
+4.53% |
| 2009-12-31 | €4.50 Billion ≈ $5.26 Billion |
+16.18% |
| 2008-12-31 | €3.87 Billion ≈ $4.53 Billion |
-14.01% |
| 2007-12-31 | €4.50 Billion ≈ $5.27 Billion |
-0.16% |
| 2006-12-31 | €4.51 Billion ≈ $5.28 Billion |
-3.34% |
| 2005-12-31 | €4.67 Billion ≈ $5.46 Billion |
+274.94% |
| 2004-12-31 | €1.25 Billion ≈ $1.46 Billion |
+5.62% |
| 2003-12-31 | €1.18 Billion ≈ $1.38 Billion |
-7.75% |
| 2002-12-31 | €1.28 Billion ≈ $1.49 Billion |
+3.54% |
| 2001-12-31 | €1.23 Billion ≈ $1.44 Billion |
-2.78% |
| 2000-12-31 | €1.27 Billion ≈ $1.48 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Safran 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 1213900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €12.14 Billion | 81.80% |
| Common Stock | €84.00 Million | 0.57% |
| Other Comprehensive Income | €-123.00 Million | -0.83% |
| Other Components | €2.74 Billion | 18.46% |
| Total Equity | €14.84 Billion | 100.00% |
Safran SA Competitors by Market Cap
The table below lists competitors of Safran SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Newmont Goldcorp Corp
NYSE:NEM
|
$117.28 Billion |
|
Pinduoduo Inc
F:9PDA
|
$117.86 Billion |
|
China Shenhua Energy Co
SHG:601088
|
$117.88 Billion |
|
Sony Group Corp
NYSE:SONY
|
$119.04 Billion |
|
Lowe's Companies Inc
NYSE:LOW
|
$116.30 Billion |
|
China Merchants Bank Co Ltd
SHG:600036
|
$116.22 Billion |
|
Banco Bilbao Vizcaya Argentaria SA
MC:BBVA
|
$115.90 Billion |
|
Bank of Montreal
TO:BMO
|
$115.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Safran SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,176,000,000 to 14,839,000,000, a change of 4,663,000,000 (45.8%).
- Net income of 7,177,000,000 contributed positively to equity growth.
- Dividend payments of 1,216,000,000 reduced retained earnings.
- Share repurchases of 1,358,000,000 reduced equity.
- Other comprehensive income decreased equity by 8,098,000,000.
- Other factors increased equity by 8,158,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €7.18 Billion | +48.37% |
| Dividends Paid | €1.22 Billion | -8.19% |
| Share Repurchases | €1.36 Billion | -9.15% |
| Other Comprehensive Income | €-8.10 Billion | -54.57% |
| Other Changes | €8.16 Billion | +54.98% |
| Total Change | €- | 45.82% |
Book Value vs Market Value Analysis
This analysis compares Safran 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: 8.27x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 42.48x to 8.27x 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 | €6.92 | €293.80 | x |
| 2005-12-31 | €12.80 | €293.80 | x |
| 2006-12-31 | €10.56 | €293.80 | x |
| 2007-12-31 | €10.15 | €293.80 | x |
| 2008-12-31 | €9.21 | €293.80 | x |
| 2009-12-31 | €10.85 | €293.80 | x |
| 2010-12-31 | €11.23 | €293.80 | x |
| 2011-12-31 | €12.23 | €293.80 | x |
| 2012-12-31 | €14.58 | €293.80 | x |
| 2013-12-31 | €15.93 | €293.80 | x |
| 2014-12-31 | €15.05 | €293.80 | x |
| 2015-12-31 | €13.51 | €293.80 | x |
| 2016-12-31 | €15.39 | €293.80 | x |
| 2017-12-31 | €22.39 | €293.80 | x |
| 2018-12-31 | €27.40 | €293.80 | x |
| 2019-12-31 | €28.44 | €293.80 | x |
| 2020-12-31 | €28.04 | €293.80 | x |
| 2021-12-31 | €29.18 | €293.80 | x |
| 2022-12-31 | €24.40 | €293.80 | x |
| 2023-12-31 | €26.84 | €293.80 | x |
| 2024-12-31 | €24.45 | €293.80 | x |
| 2025-12-31 | €35.51 | €293.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Safran 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): 48.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.01%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 4.17x
- Recent ROE (48.37%) is above the historical average (10.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.00% | 3.56% | 1.26x | 2.66x | €25.33 Million |
| 2002 | 6.03% | 2.79% | 0.94x | 2.30x | €-50.75 Million |
| 2003 | 10.16% | 3.76% | 1.09x | 2.49x | €1.94 Million |
| 2004 | 12.38% | 4.32% | 1.20x | 2.40x | €29.60 Million |
| 2005 | -6.71% | -3.47% | 0.56x | 3.46x | €-752.40 Million |
| 2006 | 0.21% | 0.08% | 0.68x | 3.67x | €-424.90 Million |
| 2007 | 0.94% | 0.38% | 0.64x | 3.88x | €-378.10 Million |
| 2008 | -5.20% | -1.89% | 0.61x | 4.51x | €-567.30 Million |
| 2009 | 14.73% | 6.07% | 0.58x | 4.17x | €205.70 Million |
| 2010 | 4.57% | 1.88% | 0.60x | 4.09x | €-246.00 Million |
| 2011 | 9.62% | 4.10% | 0.56x | 4.17x | €-18.80 Million |
| 2012 | 21.14% | 9.42% | 0.59x | 3.78x | €675.70 Million |
| 2013 | 20.89% | 9.70% | 0.60x | 3.57x | €722.50 Million |
| 2014 | -2.01% | -0.83% | 0.58x | 4.17x | €-752.60 Million |
| 2015 | -8.00% | -2.75% | 0.57x | 5.07x | €-1.01 Billion |
| 2016 | 29.26% | 11.48% | 0.54x | 4.76x | €1.26 Billion |
| 2017 | 48.68% | 27.55% | 0.51x | 3.46x | €3.62 Billion |
| 2018 | 10.73% | 6.06% | 0.52x | 3.40x | €87.50 Million |
| 2019 | 19.78% | 9.69% | 0.59x | 3.46x | €1.21 Billion |
| 2020 | 2.85% | 2.10% | 0.42x | 3.20x | €-882.90 Million |
| 2021 | 0.33% | 0.28% | 0.37x | 3.25x | €-1.24 Billion |
| 2022 | -23.62% | -12.60% | 0.42x | 4.50x | €-3.50 Billion |
| 2023 | 29.75% | 14.56% | 0.47x | 4.36x | €2.29 Billion |
| 2024 | -6.55% | -2.41% | 0.50x | 5.41x | €-1.68 Billion |
| 2025 | 48.37% | 23.01% | 0.50x | 4.17x | €5.69 Billion |
Industry Comparison
This section compares Safran SA's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,882,048,844
- Average return on equity (ROE) among peers: -64.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Safran SA (SAF) | €15.46 Billion | 12.00% | 3.00x | $116.99 Billion |
| Airbus Group SE (AIR) | $14.13 Billion | -1.88% | 2.27x | $136.73 Billion |
| Dassault Aviation SA (AM) | $4.05 Billion | 9.49% | 1.42x | $22.49 Billion |
| Exail Technologies S.A. (EXA) | $77.40 Million | 8.30% | 2.42x | $1.43 Billion |
| Figeac Aero SA (FGA) | $17.61 Million | 0.00% | 2.97x | $487.08 Million |
| Lisi S.A (FII) | $542.51 Million | 10.91% | 0.94x | $2.90 Billion |
| Thales S.A. (HO) | $6.97 Billion | 14.69% | 4.57x | $51.35 Billion |
| Latécoère S.A. (LAT) | $21.43 Million | -593.13% | 33.65x | $195.92 Million |
| H&K AG (MLHK) | $133.44 Million | 20.22% | 2.43x | $1.21 Billion |
| Verney-Carron S.A (MLVER) | $4.41 Million | -48.23% | 2.11x | $1.96 Million |
About Safran SA
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion… Read more