Cellnex Telecom S.A
Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria. It operates through four segments: Towers; DAS, Small Cells, and RAN as a Service; Fiber, Connectivity, and Housing Services; and Broadcast. The Towers segment provides … Read more
Cellnex Telecom S.A (CLNXF) - Net Assets
Latest net assets as of December 2025: $13.32 Billion USD
Based on the latest financial reports, Cellnex Telecom S.A (CLNXF) has net assets worth $13.32 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 ($42.05 Billion) and total liabilities ($28.73 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 | $13.32 Billion |
| % of Total Assets | 31.68% |
| Annual Growth Rate | 28.96% |
| 5-Year Change | -15.93% |
| 10-Year Change | 2316.33% |
| Growth Volatility | 183.84 |
Cellnex Telecom S.A - Net Assets Trend (2011–2025)
This chart illustrates how Cellnex Telecom 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 Cellnex Telecom S.A (2011–2025)
The table below shows the annual net assets of Cellnex Telecom S.A from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.32 Billion | -13.09% |
| 2024-12-31 | $15.32 Billion | +1.17% |
| 2023-12-31 | $15.15 Billion | -0.27% |
| 2022-12-31 | $15.19 Billion | -4.13% |
| 2021-12-31 | $15.84 Billion | +77.34% |
| 2020-12-31 | $8.93 Billion | +76.86% |
| 2019-12-31 | $5.05 Billion | +720.79% |
| 2018-12-31 | $615.37 Million | -4.58% |
| 2017-12-31 | $644.91 Million | +17.00% |
| 2016-12-31 | $551.20 Million | +2.60% |
| 2015-12-31 | $537.22 Million | +7.15% |
| 2014-12-31 | $501.39 Million | +2.85% |
| 2013-12-31 | $487.48 Million | +19.36% |
| 2012-12-31 | $408.40 Million | +7.88% |
| 2011-12-31 | $378.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cellnex Telecom 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 decreased by 692.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $170.54 Million | 1.41% |
| Other Comprehensive Income | $-1.95 Billion | -16.10% |
| Other Components | $14.25 Billion | 117.67% |
| Total Equity | $12.11 Billion | 100.00% |
Cellnex Telecom S.A Competitors by Market Cap
The table below lists competitors of Cellnex Telecom S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BrightSpring Health Services, Inc. Tangible Equity Unit
NASDAQ:BTSGU
|
$20.52 Billion |
|
Futu Holdings Ltd
NASDAQ:FUTU
|
$20.53 Billion |
|
Geberit AG
PINK:GBERF
|
$20.60 Billion |
|
Montage Technology Co Ltd
SHG:688008
|
$20.69 Billion |
|
Humana Inc
NYSE:HUM
|
$20.46 Billion |
|
Halma PLC
PINK:HALMY
|
$20.44 Billion |
|
Schindler Holding AG
PINK:SHLAF
|
$20.43 Billion |
|
Liberty Media Corporation Series C Liberty Formula One Common Stock
NASDAQ:FWONK
|
$20.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cellnex Telecom S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,157,978,000 to 12,111,810,953, a change of -2,046,167,047 (-14.5%).
- Net loss of 360,640,874 reduced equity.
- Dividend payments of 11,820,570 reduced retained earnings.
- Share repurchases of 999,980,327 reduced equity.
- New share issuances of 52,240,000 increased equity.
- Other comprehensive income decreased equity by 749,136,479.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-360.64 Million | -2.98% |
| Dividends Paid | $11.82 Million | -0.1% |
| Share Repurchases | $999.98 Million | -8.26% |
| Share Issuances | $52.24 Million | +0.43% |
| Other Comprehensive Income | $-749.14 Million | -6.19% |
| Other Changes | $23.17 Million | +0.19% |
| Total Change | $- | -14.45% |
Book Value vs Market Value Analysis
This analysis compares Cellnex Telecom 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: 2.05x
- 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 29.60x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $1.24 | $36.82 | x |
| 2012-12-31 | $1.34 | $36.82 | x |
| 2013-12-31 | $1.82 | $36.82 | x |
| 2014-12-31 | $1.85 | $36.82 | x |
| 2015-12-31 | $1.49 | $36.82 | x |
| 2016-12-31 | $1.54 | $36.82 | x |
| 2017-12-31 | $1.65 | $36.82 | x |
| 2018-12-31 | $1.57 | $36.82 | x |
| 2019-12-31 | $12.14 | $36.82 | x |
| 2020-12-31 | $19.28 | $36.82 | x |
| 2021-12-31 | $23.27 | $36.82 | x |
| 2022-12-31 | $21.14 | $36.82 | x |
| 2023-12-31 | $20.84 | $36.82 | x |
| 2024-12-31 | $20.07 | $36.82 | x |
| 2025-12-31 | $17.97 | $36.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cellnex Telecom 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): -2.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.17%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.47x
- Recent ROE (-2.98%) is below the historical average (4.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 16.08% | 14.95% | 0.60x | 1.78x | $23.03 Million |
| 2012 | 7.30% | 7.61% | 0.54x | 1.76x | $-11.03 Million |
| 2013 | 16.10% | 20.59% | 0.45x | 1.72x | $29.74 Million |
| 2014 | 11.57% | 13.94% | 0.33x | 2.48x | $7.80 Million |
| 2015 | 10.41% | 8.22% | 0.28x | 4.46x | $1.85 Million |
| 2016 | 8.48% | 5.94% | 0.23x | 6.16x | $-7.16 Million |
| 2017 | 5.23% | 3.47% | 0.19x | 8.07x | $-23.97 Million |
| 2018 | -3.14% | -1.73% | 0.17x | 10.74x | $-62.77 Million |
| 2019 | -0.22% | -0.92% | 0.08x | 3.12x | $-425.34 Million |
| 2020 | -1.69% | -8.67% | 0.06x | 3.00x | $-937.25 Million |
| 2021 | -2.55% | -14.87% | 0.06x | 2.94x | $-1.78 Billion |
| 2022 | -2.09% | -9.15% | 0.07x | 3.11x | $-1.72 Billion |
| 2023 | -2.13% | -7.81% | 0.09x | 3.18x | $-1.69 Billion |
| 2024 | -0.20% | -0.69% | 0.09x | 3.08x | $-1.44 Billion |
| 2025 | -2.98% | -8.17% | 0.11x | 3.47x | $-1.57 Billion |
Industry Comparison
This section compares Cellnex Telecom S.A's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,229,370,834
- Average return on equity (ROE) among peers: -28.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cellnex Telecom S.A (CLNXF) | $13.32 Billion | 16.08% | 2.16x | $20.51 Billion |
| Aroundtown SA (AANNF) | $7.25 Billion | 17.69% | 0.90x | $1.42 Billion |
| AAP Inc (AAPJ) | $-980.70K | 0.00% | 0.00x | $1.89 |
| Ambase Corp (ABCP) | $59.77 Million | -10.07% | 0.65x | $6.43 Million |
| Americann Inc (ACAN) | $5.80 Million | -2.98% | 1.66x | $2.44K |
| Ascendas India Trust (ACNDF) | $503.40 Million | 8.05% | 0.77x | $831.45 Million |
| Adler Group S.A (ADPPF) | $1.91 Billion | -81.38% | 4.08x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $-287.10K | 0.00% | 0.00x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $-2.63 Million | 0.00% | 0.00x | $30.67 Million |
| Avalon GloboCare Corp. (ALBT) | $7.37 Million | -226.73% | 1.79x | $2.19 Million |
| Allreal (ALRHF) | $2.56 Billion | 7.14% | 1.27x | $2.39 Billion |