Acerinox S.A.
Acerinox, S.A., together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel and High-performance Alloys segments. The company offers various flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engrav… Read more
Acerinox S.A. (ACRXF) - Net Assets
Latest net assets as of September 2025: $2.21 Billion USD
Based on the latest financial reports, Acerinox S.A. (ACRXF) has net assets worth $2.21 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 ($6.10 Billion) and total liabilities ($3.89 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.21 Billion |
| % of Total Assets | 36.28% |
| Annual Growth Rate | 5.95% |
| 5-Year Change | 59.45% |
| 10-Year Change | N/A |
| Growth Volatility | 18.04 |
Acerinox S.A. - Net Assets Trend (2019–2024)
This chart illustrates how Acerinox S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Acerinox S.A. (2019–2024)
The table below shows the annual net assets of Acerinox S.A. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.58 Billion | +4.54% |
| 2023-12-31 | $2.46 Billion | -3.32% |
| 2022-12-31 | $2.55 Billion | +15.03% |
| 2021-12-31 | $2.21 Billion | +37.14% |
| 2020-12-31 | $1.61 Billion | -16.28% |
| 2019-12-31 | $1.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Acerinox 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 grown by 28449100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $224.95 Million | 8.90% |
| Other Components | $2.30 Billion | 91.10% |
| Total Equity | $2.53 Billion | 100.00% |
Acerinox S.A. Competitors by Market Cap
The table below lists competitors of Acerinox S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Horace Mann Educators Corporation
NYSE:HMN
|
$1.71 Billion |
|
Sigurd Microelectronics Corp
TW:6257
|
$1.71 Billion |
|
Flowers Foods Inc
NYSE:FLO
|
$1.71 Billion |
|
SSI Securities Corp
VN:SSI
|
$1.71 Billion |
|
Grupo Lamosa S.A.B. de C.V
MX:LAMOSA
|
$1.70 Billion |
|
THE BK N.T.BUTTERF.+S.NEW
F:4IK
|
$1.70 Billion |
|
Autel Intelligent Technology Corp Ltd
SHG:688208
|
$1.70 Billion |
|
QMMM Holdings Limited Ordinary Shares
NASDAQ:QMMM
|
$1.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Acerinox S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,408,430,000 to 2,527,317,000, a change of 118,887,000 (4.9%).
- Net income of 224,946,000 contributed positively to equity growth.
- Dividend payments of 154,538,000 reduced retained earnings.
- Share repurchases of 1,008,000 reduced equity.
- Other factors increased equity by 49,487,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $224.95 Million | +8.9% |
| Dividends Paid | $154.54 Million | -6.11% |
| Share Repurchases | $1.01 Million | -0.04% |
| Other Changes | $49.49 Million | +1.96% |
| Total Change | $- | 4.94% |
Book Value vs Market Value Analysis
This analysis compares Acerinox 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: 0.94x
- 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 1.38x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $6.92 | $9.57 | x |
| 2020-12-31 | $5.81 | $9.57 | x |
| 2021-12-31 | $7.99 | $9.57 | x |
| 2022-12-31 | $9.92 | $9.57 | x |
| 2023-12-31 | $9.66 | $9.57 | x |
| 2024-12-31 | $10.14 | $9.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Acerinox 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): 8.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.16%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.56x
- Recent ROE (8.90%) is below the historical average (11.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -3.18% | -1.25% | 1.08x | 2.35x | $-246.81 Million |
| 2020 | 3.12% | 1.05% | 0.99x | 3.01x | $-108.15 Million |
| 2021 | 26.54% | 8.53% | 1.12x | 2.78x | $356.38 Million |
| 2022 | 22.48% | 6.40% | 1.38x | 2.55x | $308.64 Million |
| 2023 | 9.47% | 3.45% | 1.08x | 2.53x | $-12.71 Million |
| 2024 | 8.90% | 4.16% | 0.84x | 2.56x | $-27.79 Million |
Industry Comparison
This section compares Acerinox S.A.'s net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $11,873,846,044
- Average return on equity (ROE) among peers: 4.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Acerinox S.A. (ACRXF) | $2.21 Billion | -3.18% | 1.76x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |