Aena S.M.E. S.A
Aena S.M.E., S.A., together with its subsidiaries, engages in the management of airports in Spain, Brazil, the United Kingdom, Mexico, and Colombia. The company operates through Airports, Real Estate Services, Región de Murcia International Airport, and International segments. It also manages commercial spaces in airport terminals, and a network of car parks; and leasing or transfer use of land, … Read more
Aena S.M.E. S.A (ANNSF) - Net Assets
Latest net assets as of December 2025: $9.45 Billion USD
Based on the latest financial reports, Aena S.M.E. S.A (ANNSF) has net assets worth $9.45 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 ($18.19 Billion) and total liabilities ($8.74 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 | $9.45 Billion |
| % of Total Assets | 51.96% |
| Annual Growth Rate | 8.68% |
| 5-Year Change | 57.18% |
| 10-Year Change | 88.02% |
| Growth Volatility | 10.73 |
Aena S.M.E. S.A - Net Assets Trend (2011–2025)
This chart illustrates how Aena S.M.E. 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 Aena S.M.E. S.A (2011–2025)
The table below shows the annual net assets of Aena S.M.E. S.A from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.45 Billion | +15.12% |
| 2024-12-31 | $8.21 Billion | +8.60% |
| 2023-12-31 | $7.56 Billion | +13.78% |
| 2022-12-31 | $6.64 Billion | +10.49% |
| 2021-12-31 | $6.01 Billion | -0.87% |
| 2020-12-31 | $6.06 Billion | -4.97% |
| 2019-12-31 | $6.38 Billion | +5.94% |
| 2018-12-31 | $6.02 Billion | +5.91% |
| 2017-12-31 | $5.69 Billion | +13.17% |
| 2016-12-31 | $5.03 Billion | +15.26% |
| 2015-12-31 | $4.36 Billion | +21.85% |
| 2014-12-31 | $3.58 Billion | +17.74% |
| 2013-12-31 | $3.04 Billion | +24.69% |
| 2012-12-31 | $2.44 Billion | -17.32% |
| 2011-12-31 | $2.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aena S.M.E. 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 654324401700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.46 Billion | 70.18% |
| Common Stock | $1.50 Billion | 16.29% |
| Other Comprehensive Income | $144.30 Million | 1.57% |
| Other Components | $1.10 Billion | 11.96% |
| Total Equity | $9.20 Billion | 100.00% |
Aena S.M.E. S.A Competitors by Market Cap
The table below lists competitors of Aena S.M.E. S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Occidental Petroleum Corporation
NYSE:OXY
|
$45.39 Billion |
|
KDDI Corp PK
PINK:KDDIY
|
$45.75 Billion |
|
Becton Dickinson and Company
NYSE:BDX
|
$45.90 Billion |
|
Macquarie Group Limited
PINK:MCQEF
|
$46.05 Billion |
|
Heineken N.V
OTCQX:HINKF
|
$45.23 Billion |
|
COMPASS GROUP
F:XGR
|
$45.14 Billion |
|
Diageo plc
PINK:DGEAF
|
$45.14 Billion |
|
3i Group plc
PINK:TGOPF
|
$45.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aena S.M.E. S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,276,386,000 to 9,203,008,822, a change of 926,622,822 (11.2%).
- Net income of 2,135,875,730 contributed positively to equity growth.
- Dividend payments of 1,497,239,015 reduced retained earnings.
- New share issuances of 6,918,000 increased equity.
- Other comprehensive income increased equity by 144,304,931.
- Other factors increased equity by 136,763,176.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.14 Billion | +23.21% |
| Dividends Paid | $1.50 Billion | -16.27% |
| Share Issuances | $6.92 Million | +0.08% |
| Other Comprehensive Income | $144.30 Million | +1.57% |
| Other Changes | $136.76 Million | +1.49% |
| Total Change | $- | 11.20% |
Book Value vs Market Value Analysis
This analysis compares Aena S.M.E. 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: 38.30x
- 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 increased from 11.96x to 38.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $19.65 | $234.97 | x |
| 2012-12-31 | $16.25 | $234.97 | x |
| 2013-12-31 | $20.26 | $234.97 | x |
| 2014-12-31 | $23.44 | $234.97 | x |
| 2015-12-31 | $28.69 | $234.97 | x |
| 2016-12-31 | $33.29 | $234.97 | x |
| 2017-12-31 | $37.88 | $234.97 | x |
| 2018-12-31 | $40.23 | $234.97 | x |
| 2019-12-31 | $42.71 | $234.97 | x |
| 2020-12-31 | $40.79 | $234.97 | x |
| 2021-12-31 | $40.67 | $234.97 | x |
| 2022-12-31 | $44.78 | $234.97 | x |
| 2023-12-31 | $50.85 | $234.97 | x |
| 2024-12-31 | $55.16 | $234.97 | x |
| 2025-12-31 | $6.14 | $234.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aena S.M.E. 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): 23.21%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.03%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.98x
- Recent ROE (23.21%) is above the historical average (13.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -2.86% | -5.79% | 0.09x | 5.75x | $-379.23 Million |
| 2012 | -2.61% | -2.44% | 0.16x | 6.86x | $-307.26 Million |
| 2013 | 19.63% | 20.70% | 0.18x | 5.41x | $292.74 Million |
| 2014 | 13.61% | 15.54% | 0.18x | 4.95x | $126.99 Million |
| 2015 | 19.37% | 24.08% | 0.20x | 3.96x | $403.15 Million |
| 2016 | 23.31% | 31.34% | 0.24x | 3.11x | $664.81 Million |
| 2017 | 21.68% | 31.07% | 0.26x | 2.69x | $663.76 Million |
| 2018 | 22.00% | 31.50% | 0.28x | 2.47x | $724.40 Million |
| 2019 | 22.51% | 32.41% | 0.30x | 2.32x | $801.44 Million |
| 2020 | -2.07% | -5.78% | 0.14x | 2.56x | $-738.69 Million |
| 2021 | -7.79% | -19.47% | 0.15x | 2.68x | $-1.09 Billion |
| 2022 | 13.42% | 21.48% | 0.26x | 2.36x | $229.74 Million |
| 2023 | 21.38% | 32.26% | 0.29x | 2.30x | $868.08 Million |
| 2024 | 23.37% | 33.39% | 0.34x | 2.05x | $1.11 Billion |
| 2025 | 23.21% | 34.03% | 0.35x | 1.98x | $1.22 Billion |
Industry Comparison
This section compares Aena S.M.E. S.A's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $15,781,317,634
- Average return on equity (ROE) among peers: 4.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aena S.M.E. S.A (ANNSF) | $9.45 Billion | -2.86% | 0.92x | $45.35 Billion |
| Auckland International Airport Limited (ACKDF) | $8.38 Billion | 0.52% | 0.29x | $8.10 Billion |
| Aeroports de Paris SA (AEOXF) | $5.80 Billion | 10.52% | 1.77x | $1.25 Billion |
| Airports of Thailand Public Company Limited (AIPUF) | $108.81 Billion | 17.21% | 0.47x | $8.18 Billion |
| AerSale Corp (ASLE) | $455.62 Million | 1.28% | 0.33x | $174.95 Million |
| Beijing Capital International Airport Company Limited (BJCHF) | $14.89 Billion | -11.40% | 1.19x | $604.88 Million |
| Blade Air Mobility Inc (BLDE) | $274.49 Million | -9.93% | 0.18x | $230.30 Million |
| Corporacion America Airports (CAAP) | $862.37 Million | 19.50% | 3.45x | $462.85 Million |
| CHRRD (CHRRD) | $1.28 Billion | 7.92% | 2.01x | $134.94K |
| Chorus Aviation Inc (CHRRF) | $1.28 Billion | 7.92% | 2.01x | $271.74 Million |