Hera S.p.A
Hera S.p.A., a multi-utility company, engages in the waste management, water services, and energy businesses in Italy. It is involved in the sale and distribution of methane and natural gas, as well as in the district heating and heating management business; generation, distribution, and sale of electricity; aqueduct, purification, and sewage services related to water cycle; waste collection, tre… Read more
Hera S.p.A (HRASF) - Net Assets
Latest net assets as of September 2025: $4.18 Billion USD
Based on the latest financial reports, Hera S.p.A (HRASF) has net assets worth $4.18 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 ($14.14 Billion) and total liabilities ($9.96 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 | $4.18 Billion |
| % of Total Assets | 29.54% |
| Annual Growth Rate | 7.19% |
| 5-Year Change | 26.36% |
| 10-Year Change | 59.28% |
| Growth Volatility | 10.7 |
Hera S.p.A - Net Assets Trend (2002–2024)
This chart illustrates how Hera S.p.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 Hera S.p.A (2002–2024)
The table below shows the annual net assets of Hera S.p.A from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.99 Billion | +6.27% |
| 2023-12-31 | $3.75 Billion | +2.93% |
| 2022-12-31 | $3.64 Billion | +6.67% |
| 2021-12-31 | $3.42 Billion | +8.29% |
| 2020-12-31 | $3.16 Billion | +4.83% |
| 2019-12-31 | $3.01 Billion | +5.74% |
| 2018-12-31 | $2.85 Billion | +5.20% |
| 2017-12-31 | $2.71 Billion | +5.62% |
| 2016-12-31 | $2.56 Billion | +2.36% |
| 2015-12-31 | $2.50 Billion | +1.79% |
| 2014-12-31 | $2.46 Billion | +6.65% |
| 2013-12-31 | $2.31 Billion | +21.68% |
| 2012-12-31 | $1.89 Billion | +0.83% |
| 2011-12-31 | $1.88 Billion | +0.49% |
| 2010-12-31 | $1.87 Billion | +9.97% |
| 2009-12-31 | $1.70 Billion | +7.70% |
| 2008-12-31 | $1.58 Billion | +2.63% |
| 2007-12-31 | $1.54 Billion | +1.47% |
| 2006-12-31 | $1.52 Billion | +1.75% |
| 2005-12-31 | $1.49 Billion | +52.22% |
| 2004-12-31 | $979.03 Million | +9.45% |
| 2003-12-31 | $894.51 Million | +3.38% |
| 2002-12-31 | $865.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hera S.p.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 49450000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $494.50 Million | 13.44% |
| Common Stock | $1.44 Billion | 39.15% |
| Other Comprehensive Income | $1.66 Billion | 45.06% |
| Other Components | $86.50 Million | 2.35% |
| Total Equity | $3.68 Billion | 100.00% |
Hera S.p.A Competitors by Market Cap
The table below lists competitors of Hera S.p.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eregli Demir ve Celik Fabrikalari TAS
IS:EREGL
|
$2.81 Billion |
|
NHPC Limited
NSE:NHPC
|
$2.81 Billion |
|
LEGEND BIOTECH SP.ADS/2
F:9LB
|
$2.81 Billion |
|
Royal Vopak N.V
F:VPK5
|
$2.81 Billion |
|
Lepu Medical Tech Beijing
SHE:300003
|
$2.80 Billion |
|
TOHOKU EL. PWR CO.
F:TKT
|
$2.80 Billion |
|
ASSECO POLAND GDR/1 ZY 1
F:SFBG
|
$2.80 Billion |
|
Liberty Global Ltd.
F:3O41
|
$2.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hera S.p.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,438,200,000 to 3,680,100,000, a change of 241,900,000 (7.0%).
- Net income of 494,500,000 contributed positively to equity growth.
- Dividend payments of 248,800,000 reduced retained earnings.
- Share repurchases of 6,500,000 reduced equity.
- Other comprehensive income increased equity by 49,200,000.
- Other factors decreased equity by 46,500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $494.50 Million | +13.44% |
| Dividends Paid | $248.80 Million | -6.76% |
| Share Repurchases | $6.50 Million | -0.18% |
| Other Comprehensive Income | $49.20 Million | +1.34% |
| Other Changes | $-46.50 Million | -1.26% |
| Total Change | $- | 7.04% |
Book Value vs Market Value Analysis
This analysis compares Hera S.p.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: 1.43x
- 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 4.59x to 1.43x 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 | $0.79 | $3.64 | x |
| 2003-12-31 | $0.82 | $3.64 | x |
| 2004-12-31 | $0.90 | $3.64 | x |
| 2005-12-31 | $1.68 | $3.64 | x |
| 2006-12-31 | $1.40 | $3.64 | x |
| 2007-12-31 | $1.40 | $3.64 | x |
| 2008-12-31 | $1.46 | $3.64 | x |
| 2009-12-31 | $1.54 | $3.64 | x |
| 2010-12-31 | $1.54 | $3.64 | x |
| 2011-12-31 | $1.45 | $3.64 | x |
| 2012-12-31 | $1.46 | $3.64 | x |
| 2013-12-31 | $1.53 | $3.64 | x |
| 2014-12-31 | $1.60 | $3.64 | x |
| 2015-12-31 | $1.60 | $3.64 | x |
| 2016-12-31 | $1.64 | $3.64 | x |
| 2017-12-31 | $1.73 | $3.64 | x |
| 2018-12-31 | $1.81 | $3.64 | x |
| 2019-12-31 | $1.91 | $3.64 | x |
| 2020-12-31 | $2.02 | $3.64 | x |
| 2021-12-31 | $2.19 | $3.64 | x |
| 2022-12-31 | $2.34 | $3.64 | x |
| 2023-12-31 | $2.38 | $3.64 | x |
| 2024-12-31 | $2.55 | $3.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hera S.p.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): 13.44%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.79%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 4.09x
- Recent ROE (13.44%) is above the historical average (8.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.48% | 3.23% | 0.59x | 2.36x | $-45.19 Million |
| 2003 | 6.26% | 3.98% | 0.60x | 2.61x | $-31.61 Million |
| 2004 | 6.70% | 3.78% | 0.61x | 2.90x | $-30.60 Million |
| 2005 | 7.61% | 5.18% | 0.53x | 2.75x | $-34.15 Million |
| 2006 | 6.98% | 4.33% | 0.53x | 3.04x | $-43.35 Million |
| 2007 | 7.60% | 3.84% | 0.60x | 3.30x | $-34.62 Million |
| 2008 | 7.23% | 2.97% | 0.67x | 3.61x | $-42.26 Million |
| 2009 | 5.17% | 2.02% | 0.72x | 3.56x | $-79.30 Million |
| 2010 | 8.22% | 3.87% | 0.59x | 3.59x | $-30.70 Million |
| 2011 | 7.30% | 3.09% | 0.63x | 3.73x | $-46.94 Million |
| 2012 | 6.77% | 2.64% | 0.67x | 3.82x | $-56.53 Million |
| 2013 | 7.63% | 3.60% | 0.56x | 3.81x | $-51.11 Million |
| 2014 | 7.13% | 3.93% | 0.50x | 3.65x | $-66.32 Million |
| 2015 | 7.63% | 4.02% | 0.54x | 3.50x | $-55.80 Million |
| 2016 | 8.57% | 4.66% | 0.54x | 3.43x | $-34.49 Million |
| 2017 | 9.88% | 4.48% | 0.64x | 3.45x | $-3.12 Million |
| 2018 | 10.59% | 4.61% | 0.67x | 3.42x | $15.83 Million |
| 2019 | 13.73% | 5.58% | 0.67x | 3.69x | $104.85 Million |
| 2020 | 10.22% | 4.28% | 0.64x | 3.73x | $6.62 Million |
| 2021 | 10.42% | 3.16% | 0.75x | 4.38x | $13.48 Million |
| 2022 | 7.51% | 1.28% | 1.16x | 5.04x | $-84.64 Million |
| 2023 | 12.84% | 2.85% | 1.03x | 4.39x | $97.58 Million |
| 2024 | 13.44% | 3.79% | 0.87x | 4.09x | $126.49 Million |
Industry Comparison
This section compares Hera S.p.A's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $2,064,663,300
- Average return on equity (ROE) among peers: 4.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hera S.p.A (HRASF) | $4.18 Billion | 4.48% | 2.38x | $2.80 Billion |
| ACEA S.p.A (ACEJF) | $2.11 Billion | 13.47% | 3.25x | $780.10 Million |
| Atco Ltd (ACLLF) | $1.90 Billion | 5.94% | 2.07x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.01 Billion | 9.72% | 2.30x | $4.51 Billion |
| The AES Corporation (AES) | $4.50 Billion | -12.12% | 7.52x | $10.06 Billion |
| Allete Inc (ALE) | $837.30 Million | 8.12% | 1.76x | $3.93 Billion |
| Algonquin Power & Utilities Corp (AQN) | $4.04 Billion | 4.58% | 1.32x | $4.00 Billion |
| Avista Corporation (AVA) | $855.06 Million | 1.42% | 3.72x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $553.60 Million | 0.20% | 0.68x | $17.24 Billion |
| Commerce Energy Group Inc (CMNR) | $87.95 Million | 5.87% | 0.15x | $0.94 |
| Canadian Utilities Limited (CUTLF) | $2.75 Billion | 12.52% | 1.35x | $4.62 Billion |