HeidelbergCement AG
Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools… Read more
HeidelbergCement AG (HLBZF) - Net Assets
Latest net assets as of June 2025: $18.18 Billion USD
Based on the latest financial reports, HeidelbergCement AG (HLBZF) has net assets worth $18.18 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($34.66 Billion) and total liabilities ($16.49 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 | $18.18 Billion |
| % of Total Assets | 52.43% |
| Annual Growth Rate | 7.78% |
| 5-Year Change | 37.3% |
| 10-Year Change | 25.03% |
| Growth Volatility | 12.47 |
HeidelbergCement AG - Net Assets Trend (2002–2024)
This chart illustrates how HeidelbergCement 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 HeidelbergCement AG (2002–2024)
The table below shows the annual net assets of HeidelbergCement AG from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $19.97 Billion | +8.71% |
| 2023-12-31 | $18.37 Billion | +4.26% |
| 2022-12-31 | $17.62 Billion | +5.79% |
| 2021-12-31 | $16.66 Billion | +14.51% |
| 2020-12-31 | $14.55 Billion | -21.38% |
| 2019-12-31 | $18.50 Billion | +10.00% |
| 2018-12-31 | $16.82 Billion | +4.79% |
| 2017-12-31 | $16.05 Billion | -10.18% |
| 2016-12-31 | $17.87 Billion | +11.87% |
| 2015-12-31 | $15.98 Billion | +12.15% |
| 2014-12-31 | $14.24 Billion | +13.22% |
| 2013-12-31 | $12.58 Billion | -8.25% |
| 2012-12-31 | $13.71 Billion | +1.07% |
| 2011-12-31 | $13.57 Billion | +5.31% |
| 2010-12-31 | $12.88 Billion | +17.10% |
| 2009-12-31 | $11.00 Billion | +33.19% |
| 2008-12-31 | $8.26 Billion | +9.87% |
| 2007-12-31 | $7.52 Billion | +29.01% |
| 2006-12-31 | $5.83 Billion | +15.22% |
| 2005-12-31 | $5.06 Billion | +27.62% |
| 2004-12-31 | $3.96 Billion | -5.30% |
| 2003-12-31 | $4.19 Billion | +8.82% |
| 2002-12-31 | $3.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to HeidelbergCement 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 501.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.77 Billion | 67.97% |
| Common Stock | $546.20 Million | 2.91% |
| Other Comprehensive Income | $-449.60 Million | -2.39% |
| Other Components | $5.92 Billion | 31.52% |
| Total Equity | $18.80 Billion | 100.00% |
HeidelbergCement AG Competitors by Market Cap
The table below lists competitors of HeidelbergCement AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equity Residential
NYSE:EQR
|
$20.74 Billion |
|
Smurfit WestRock plc
NYSE:SW
|
$20.76 Billion |
|
Dollar Tree Inc
NASDAQ:DLTR
|
$20.82 Billion |
|
East Japan Railway Company
PINK:EJPRF
|
$20.83 Billion |
|
FUJIFILM Holdings Corporation
PINK:FUJIF
|
$20.69 Billion |
|
Montage Technology Co Ltd
SHG:688008
|
$20.69 Billion |
|
Lennar Corporation
NYSE:LEN
|
$20.69 Billion |
|
Telus Corp
NYSE:TU
|
$20.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HeidelbergCement AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,241,300,000 to 18,795,600,000, a change of 1,554,300,000 (9.0%).
- Net income of 1,781,800,000 contributed positively to equity growth.
- Dividend payments of 546,200,000 reduced retained earnings.
- Share repurchases of 350,000,000 reduced equity.
- Other comprehensive income increased equity by 685,800,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.78 Billion | +9.48% |
| Dividends Paid | $546.20 Million | -2.91% |
| Share Repurchases | $350.00 Million | -1.86% |
| Other Comprehensive Income | $685.80 Million | +3.65% |
| Other Changes | $-17.10 Million | -0.09% |
| Total Change | $- | 9.01% |
Book Value vs Market Value Analysis
This analysis compares HeidelbergCement 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: 1.57x
- 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 2.82x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $58.00 | $163.44 | x |
| 2003-12-31 | $48.85 | $163.44 | x |
| 2004-12-31 | $35.13 | $163.44 | x |
| 2005-12-31 | $41.79 | $163.44 | x |
| 2006-12-31 | $46.27 | $163.44 | x |
| 2007-12-31 | $59.24 | $163.44 | x |
| 2008-12-31 | $62.75 | $163.44 | x |
| 2009-12-31 | $73.16 | $163.44 | x |
| 2010-12-31 | $64.33 | $163.44 | x |
| 2011-12-31 | $67.29 | $163.44 | x |
| 2012-12-31 | $67.28 | $163.44 | x |
| 2013-12-31 | $61.99 | $163.44 | x |
| 2014-12-31 | $70.00 | $163.44 | x |
| 2015-12-31 | $79.37 | $163.44 | x |
| 2016-12-31 | $83.37 | $163.44 | x |
| 2017-12-31 | $73.37 | $163.44 | x |
| 2018-12-31 | $77.76 | $163.44 | x |
| 2019-12-31 | $85.61 | $163.44 | x |
| 2020-12-31 | $66.88 | $163.44 | x |
| 2021-12-31 | $78.24 | $163.44 | x |
| 2022-12-31 | $87.49 | $163.44 | x |
| 2023-12-31 | $93.19 | $163.44 | x |
| 2024-12-31 | $104.08 | $163.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HeidelbergCement 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): 9.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.42%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.98x
- Recent ROE (9.48%) is above the historical average (6.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.72% | 3.78% | 0.59x | 3.02x | $-121.04 Million |
| 2003 | 2.89% | 1.83% | 0.58x | 2.70x | $-286.55 Million |
| 2004 | -10.35% | -5.28% | 0.65x | 3.03x | $-719.22 Million |
| 2005 | 8.95% | 5.31% | 0.65x | 2.58x | $-48.51 Million |
| 2006 | 17.77% | 10.30% | 0.75x | 2.30x | $415.83 Million |
| 2007 | 28.90% | 18.61% | 0.37x | 4.19x | $1.32 Billion |
| 2008 | 23.42% | 12.75% | 0.54x | 3.41x | $1.04 Billion |
| 2009 | 1.61% | 1.51% | 0.44x | 2.45x | $-872.41 Million |
| 2010 | 4.24% | 4.34% | 0.43x | 2.27x | $-695.24 Million |
| 2011 | 2.76% | 2.70% | 0.44x | 2.30x | $-913.60 Million |
| 2012 | 2.26% | 2.03% | 0.50x | 2.22x | $-976.76 Million |
| 2013 | 6.33% | 5.28% | 0.52x | 2.31x | $-426.22 Million |
| 2014 | 3.69% | 3.85% | 0.45x | 2.14x | $-829.33 Million |
| 2015 | 5.36% | 5.94% | 0.47x | 1.90x | $-691.44 Million |
| 2016 | 4.08% | 4.33% | 0.41x | 2.31x | $-952.31 Million |
| 2017 | 6.30% | 5.32% | 0.50x | 2.37x | $-538.10 Million |
| 2018 | 7.41% | 6.32% | 0.51x | 2.32x | $-399.97 Million |
| 2019 | 6.42% | 5.79% | 0.49x | 2.27x | $-607.82 Million |
| 2020 | -16.12% | -12.15% | 0.54x | 2.44x | $-3.47 Billion |
| 2021 | 11.39% | 9.40% | 0.56x | 2.18x | $215.28 Million |
| 2022 | 9.65% | 7.57% | 0.63x | 2.01x | $-57.19 Million |
| 2023 | 11.19% | 9.07% | 0.60x | 2.06x | $204.77 Million |
| 2024 | 9.48% | 8.42% | 0.57x | 1.98x | $-97.76 Million |
Industry Comparison
This section compares HeidelbergCement AG's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $78,983,864,921
- Average return on equity (ROE) among peers: -918.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HeidelbergCement AG (HLBZF) | $18.18 Billion | 6.72% | 0.91x | $20.74 Billion |
| Anhui Conch Cement Co Ltd (AHCHY) | $6.85 Billion | 5.94% | 1.81x | $19.28 Billion |
| Amrize Ltd (AMRZ) | $8.21 Billion | 13.50% | 1.52x | $27.46 Billion |
| Basanite Inc (BASA) | $181.76K | -9065.80% | 27.67x | $7.57 Million |
| PT Berkah Beton Sadaya Tbk (BHBSY) | $771.79 Billion | 15.93% | 0.06x | $360.00 Million |
| BRDNF (BRDNF) | $1.11 Billion | 9.50% | 0.69x | $1.54 Billion |
| Brickworks Limited (BRKWF) | $1.84 Billion | 4.25% | 0.37x | $1.23 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $-879.00K | 0.00% | 0.00x | $3.74 Million |
| Capstone Therapeutics Corp (CAPS) | $3.10 Million | -134.29% | 0.09x | $80.00K |
| Captivision Inc. (CAPT) | $-12.26 Million | 0.00% | 0.00x | $11.82 Million |
| China GengSheng Minerals Inc (CHGS) | $40.48 Million | -33.45% | 3.01x | $0.97 |