Adecco Group AG
Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, the Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, career transition and mobility, outsourcing, engineering consulting, digital and IT, talent advisory, coaching, training, up-skilling and re-skilling, and ot… Read more
Adecco Group AG (AHEXF) - Net Assets
Latest net assets as of September 2025: $3.30 Billion USD
Based on the latest financial reports, Adecco Group AG (AHEXF) has net assets worth $3.30 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 ($11.79 Billion) and total liabilities ($8.49 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 | $3.30 Billion |
| % of Total Assets | 27.99% |
| Annual Growth Rate | 10.95% |
| 5-Year Change | 11.44% |
| 10-Year Change | 7.17% |
| Growth Volatility | 128.61 |
Adecco Group AG - Net Assets Trend (1994–2024)
This chart illustrates how Adecco Group AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adecco Group AG (1994–2024)
The table below shows the annual net assets of Adecco Group AG from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.59 Billion | -0.42% |
| 2023-12-31 | $3.60 Billion | -7.50% |
| 2022-12-31 | $3.89 Billion | +2.45% |
| 2021-12-31 | $3.80 Billion | +18.09% |
| 2020-12-31 | $3.22 Billion | -18.49% |
| 2019-12-31 | $3.95 Billion | +10.00% |
| 2018-12-31 | $3.59 Billion | +0.20% |
| 2017-12-31 | $3.58 Billion | -3.76% |
| 2016-12-31 | $3.72 Billion | +11.24% |
| 2015-12-31 | $3.35 Billion | -12.84% |
| 2014-12-31 | $3.84 Billion | +7.93% |
| 2013-12-31 | $3.56 Billion | -3.84% |
| 2012-12-31 | $3.70 Billion | -2.94% |
| 2011-12-31 | $3.81 Billion | +6.84% |
| 2010-12-31 | $3.57 Billion | +14.55% |
| 2009-12-31 | $3.11 Billion | +11.29% |
| 2008-12-31 | $2.80 Billion | -2.85% |
| 2007-12-31 | $2.88 Billion | +14.88% |
| 2006-12-31 | $2.51 Billion | +17.31% |
| 2005-12-31 | $2.14 Billion | +20.26% |
| 2004-12-31 | $1.78 Billion | +14.87% |
| 2003-12-31 | $1.55 Billion | +15.25% |
| 2002-12-31 | $1.34 Billion | +10.86% |
| 2001-12-31 | $1.21 Billion | -23.76% |
| 2000-12-31 | $1.59 Billion | +5.73% |
| 1999-12-31 | $1.50 Billion | +16.91% |
| 1998-12-31 | $1.28 Billion | +0.76% |
| 1997-12-31 | $1.28 Billion | -12.52% |
| 1996-12-31 | $1.46 Billion | +717.97% |
| 1995-12-31 | $178.19 Million | +12.37% |
| 1994-12-31 | $158.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adecco Group AG'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 327169443200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.27 Billion | 91.41% |
| Common Stock | $11.00 Million | 0.31% |
| Other Comprehensive Income | $-220.00 Million | -6.15% |
| Other Components | $516.00 Million | 14.43% |
| Total Equity | $3.58 Billion | 100.00% |
Adecco Group AG Competitors by Market Cap
The table below lists competitors of Adecco Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wintime Energy Co Ltd
SHG:600157
|
$4.69 Billion |
|
Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt
F:RIG2
|
$4.70 Billion |
|
Endeavour Mining Corp
OTCQX:EDVMF
|
$4.71 Billion |
|
Discovery Limited
PINK:DCYHF
|
$4.71 Billion |
|
China Shipbuilding Industry Group Power Co Ltd
SHG:600482
|
$4.69 Billion |
|
Figure Technology Solutions, Inc. Class A Common Stock
NASDAQ:FIGR
|
$4.68 Billion |
|
Lumine Group Inc.
PINK:LMGIF
|
$4.68 Billion |
|
LYFT Inc
NASDAQ:LYFT
|
$4.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adecco Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,595,000,000 to 3,576,000,000, a change of -19,000,000 (-0.5%).
- Net income of 303,000,000 contributed positively to equity growth.
- Dividend payments of 432,000,000 reduced retained earnings.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income increased equity by 112,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $303.00 Million | +8.47% |
| Dividends Paid | $432.00 Million | -12.08% |
| Share Repurchases | $20.00 Million | -0.56% |
| Other Comprehensive Income | $112.00 Million | +3.13% |
| Other Changes | $18.00 Million | +0.5% |
| Total Change | $- | -0.53% |
Book Value vs Market Value Analysis
This analysis compares Adecco Group AG'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: 1.34x
- 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 13.65x to 1.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $2.08 | $28.40 | x |
| 1995-12-31 | $2.60 | $28.40 | x |
| 1996-12-31 | $10.89 | $28.40 | x |
| 1997-12-31 | $7.72 | $28.40 | x |
| 1998-12-31 | $7.66 | $28.40 | x |
| 1999-12-31 | $8.71 | $28.40 | x |
| 2000-12-31 | $8.60 | $28.40 | x |
| 2001-12-31 | $6.50 | $28.40 | x |
| 2002-12-31 | $6.94 | $28.40 | x |
| 2003-12-31 | $7.90 | $28.40 | x |
| 2004-12-31 | $8.81 | $28.40 | x |
| 2005-12-31 | $10.77 | $28.40 | x |
| 2006-12-31 | $12.55 | $28.40 | x |
| 2007-12-31 | $14.71 | $28.40 | x |
| 2008-12-31 | $15.11 | $28.40 | x |
| 2009-12-31 | $17.52 | $28.40 | x |
| 2010-12-31 | $18.23 | $28.40 | x |
| 2011-12-31 | $19.96 | $28.40 | x |
| 2012-12-31 | $19.60 | $28.40 | x |
| 2013-12-31 | $19.65 | $28.40 | x |
| 2014-12-31 | $21.72 | $28.40 | x |
| 2015-12-31 | $19.34 | $28.40 | x |
| 2016-12-31 | $21.79 | $28.40 | x |
| 2017-12-31 | $21.14 | $28.40 | x |
| 2018-12-31 | $21.61 | $28.40 | x |
| 2019-12-31 | $24.24 | $28.40 | x |
| 2020-12-31 | $19.81 | $28.40 | x |
| 2021-12-31 | $23.29 | $28.40 | x |
| 2022-12-31 | $23.23 | $28.40 | x |
| 2023-12-31 | $21.40 | $28.40 | x |
| 2024-12-31 | $21.24 | $28.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adecco Group AG 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): 8.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.31%
- • Asset Turnover: 1.91x
- • Equity Multiplier: 3.38x
- Recent ROE (8.47%) is below the historical average (9.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 14.62% | 0.92% | 2.74x | 5.83x | $6.21 Million |
| 1995 | 25.00% | 2.50% | 2.33x | 4.29x | $26.70 Million |
| 1996 | -0.46% | -0.17% | 1.31x | 2.03x | $-147.80 Million |
| 1997 | -10.20% | -1.80% | 1.99x | 2.84x | $-256.54 Million |
| 1998 | -9.43% | -1.27% | 2.73x | 2.71x | $-249.01 Million |
| 1999 | -7.25% | -0.94% | 2.33x | 3.31x | $-258.67 Million |
| 2000 | -17.83% | -1.61% | 2.50x | 4.44x | $-439.89 Million |
| 2001 | -23.89% | -1.57% | 2.92x | 5.22x | $-409.47 Million |
| 2002 | 18.18% | 1.41% | 2.97x | 4.35x | $109.83 Million |
| 2003 | 19.72% | 1.88% | 2.58x | 4.08x | $150.30 Million |
| 2004 | 18.73% | 1.93% | 2.68x | 3.63x | $154.70 Million |
| 2005 | 21.40% | 2.48% | 2.68x | 3.23x | $241.30 Million |
| 2006 | 24.78% | 2.99% | 2.66x | 3.12x | $364.40 Million |
| 2007 | 25.58% | 3.49% | 2.56x | 2.87x | $447.70 Million |
| 2008 | 17.72% | 2.48% | 2.65x | 2.70x | $215.70 Million |
| 2009 | 0.26% | 0.05% | 1.89x | 2.52x | $-303.20 Million |
| 2010 | 11.87% | 2.27% | 2.10x | 2.49x | $66.50 Million |
| 2011 | 13.63% | 2.53% | 2.20x | 2.46x | $138.20 Million |
| 2012 | 10.20% | 1.84% | 2.14x | 2.60x | $7.40 Million |
| 2013 | 15.68% | 2.86% | 2.09x | 2.63x | $201.70 Million |
| 2014 | 16.64% | 3.19% | 2.12x | 2.46x | $254.50 Million |
| 2015 | 0.24% | 0.04% | 2.26x | 2.91x | $-326.00 Million |
| 2016 | 19.46% | 3.18% | 2.25x | 2.72x | $351.50 Million |
| 2017 | 22.05% | 3.33% | 2.39x | 2.77x | $430.60 Million |
| 2018 | 12.79% | 1.92% | 2.46x | 2.71x | $99.90 Million |
| 2019 | 18.45% | 3.10% | 2.22x | 2.68x | $333.00 Million |
| 2020 | -3.02% | -0.50% | 2.00x | 3.05x | $-417.90 Million |
| 2021 | 15.46% | 2.80% | 1.77x | 3.13x | $207.00 Million |
| 2022 | 8.81% | 1.45% | 1.78x | 3.42x | $-46.10 Million |
| 2023 | 9.04% | 1.36% | 1.93x | 3.46x | $-34.50 Million |
| 2024 | 8.47% | 1.31% | 1.91x | 3.38x | $-54.60 Million |
Industry Comparison
This section compares Adecco Group AG's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $7,690,046,855
- Average return on equity (ROE) among peers: 1.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adecco Group AG (AHEXF) | $3.30 Billion | 14.62% | 2.57x | $4.69 Billion |
| Atlantic International Corp. Common Stock (ATLN) | $-3.85 Million | 0.00% | 0.00x | $39.17 Million |
| Barrett Business Services Inc (BBSI) | $100.13 Million | -4.76% | 0.72x | $199.53 Million |
| BG Staffing Inc (BGSF) | $85.54 Million | -11.95% | 1.09x | $39.55 Million |
| Open Up Group Inc. (BNXYF) | $64.72 Billion | -41.91% | 0.64x | $871.90 Million |
| Career Design Center Co. Ltd. (CAEEF) | $3.93 Billion | 29.57% | 1.03x | $33.99 Million |
| CTPartners Executive Search Inc (CTPR) | $22.75 Million | 14.53% | 3.06x | $0.97 |
| The Caldwell Partners International Inc (CWLPF) | $34.97 Million | 7.33% | 1.31x | $16.39 Million |
| en-japan inc. (ENJPY) | $320.45 Million | 22.92% | 0.41x | $190.42 Million |
| Futuris Company (FTRS) | $-3.97 Million | 0.00% | 0.00x | $135.30 |