SSE plc
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company distributes electricity to approximately 3.9 million homes and businesses in southern central England and the north of Scotland; and owns, develops, and operates the high voltage electricity transmission system in the north of Scotland and other areas. Its diversified portfolio includes onshore a… Read more
SSE plc (SSEZF) - Net Assets
Latest net assets as of September 2025: $13.62 Billion USD
Based on the latest financial reports, SSE plc (SSEZF) has net assets worth $13.62 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 ($30.85 Billion) and total liabilities ($17.23 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 | $13.62 Billion |
| % of Total Assets | 44.15% |
| Annual Growth Rate | 12.35% |
| 5-Year Change | 143.68% |
| 10-Year Change | 212.22% |
| Growth Volatility | 507.11 |
SSE plc - Net Assets Trend (1986–2025)
This chart illustrates how SSE plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SSE plc (1986–2025)
The table below shows the annual net assets of SSE plc from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $12.69 Billion | +7.54% |
| 2024-03-31 | $11.80 Billion | +27.84% |
| 2023-03-31 | $9.23 Billion | +13.73% |
| 2022-03-31 | $8.12 Billion | +55.86% |
| 2021-03-31 | $5.21 Billion | +38.81% |
| 2020-03-31 | $3.75 Billion | -18.86% |
| 2019-03-31 | $4.62 Billion | +13.83% |
| 2018-03-31 | $4.06 Billion | -94.75% |
| 2017-12-31 | $77.39 Billion | +1803.70% |
| 2017-03-31 | $4.07 Billion | -94.65% |
| 2016-12-31 | $76.05 Billion | +2426.24% |
| 2016-03-31 | $3.01 Billion | -96.00% |
| 2015-12-31 | $75.18 Billion | +1136.44% |
| 2015-03-31 | $6.08 Billion | -91.42% |
| 2014-12-31 | $70.90 Billion | +1284.90% |
| 2014-03-31 | $5.12 Billion | -7.74% |
| 2013-03-31 | $5.55 Billion | +21.05% |
| 2012-03-31 | $4.58 Billion | -11.86% |
| 2011-03-31 | $5.20 Billion | +66.64% |
| 2010-03-31 | $3.12 Billion | +4.91% |
| 2009-03-31 | $2.97 Billion | -0.18% |
| 2008-03-31 | $2.98 Billion | +14.81% |
| 2007-03-31 | $2.60 Billion | +21.00% |
| 2006-03-31 | $2.15 Billion | +15.20% |
| 2005-03-31 | $1.86 Billion | +7.77% |
| 2004-03-31 | $1.73 Billion | +16.62% |
| 2003-03-31 | $1.48 Billion | -13.16% |
| 2002-03-31 | $1.71 Billion | +2.98% |
| 2001-03-31 | $1.66 Billion | -0.41% |
| 2000-03-31 | $1.66 Billion | +5.53% |
| 1999-03-31 | $1.58 Billion | +67.21% |
| 1998-03-31 | $942.80 Million | +6.94% |
| 1997-03-31 | $881.60 Million | +1.84% |
| 1996-03-31 | $865.70 Million | +11.22% |
| 1995-03-31 | $778.40 Million | +9.08% |
| 1994-03-31 | $713.60 Million | +11.60% |
| 1993-03-31 | $639.40 Million | +9.99% |
| 1992-03-31 | $581.30 Million | +159.86% |
| 1991-03-31 | $223.70 Million | +32.76% |
| 1990-03-31 | $168.50 Million | +39.14% |
| 1989-03-31 | $121.10 Million | -23.93% |
| 1988-03-31 | $159.20 Million | +6.06% |
| 1987-03-31 | $150.10 Million | +10.86% |
| 1986-03-31 | $135.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SSE plc'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 6057.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.34 Billion | 69.10% |
| Common Stock | $555.60 Million | 4.61% |
| Other Components | $3.17 Billion | 26.29% |
| Total Equity | $12.06 Billion | 100.00% |
SSE plc Competitors by Market Cap
The table below lists competitors of SSE plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evolution Mining Limited
PINK:EVMNY
|
$23.20 Billion |
|
Capgemini SE
PINK:CAPMF
|
$23.23 Billion |
|
PPG Industries Inc
NYSE:PPG
|
$23.26 Billion |
|
NAURA Technology Group Co Ltd
SHE:002371
|
$23.27 Billion |
|
Flex Ltd
NASDAQ:FLEX
|
$23.15 Billion |
|
RWE Aktiengesellschaft
PINK:RWNFF
|
$23.13 Billion |
|
Ulta Beauty Inc
NASDAQ:ULTA
|
$23.11 Billion |
|
Nebius Group N.V.
NASDAQ:NBIS
|
$23.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SSE plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,053,200,000 to 12,064,000,000, a change of 1,010,800,000 (9.1%).
- Net income of 1,189,400,000 contributed positively to equity growth.
- Dividend payments of 402,100,000 reduced retained earnings.
- Share repurchases of 71,700,000 reduced equity.
- New share issuances of 17,800,000 increased equity.
- Other comprehensive income decreased equity by 2,340,000,000.
- Other factors increased equity by 2,617,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.19 Billion | +9.86% |
| Dividends Paid | $402.10 Million | -3.33% |
| Share Repurchases | $71.70 Million | -0.59% |
| Share Issuances | $17.80 Million | +0.15% |
| Other Comprehensive Income | $-2.34 Billion | -19.4% |
| Other Changes | $2.62 Billion | +21.7% |
| Total Change | $- | 9.14% |
Book Value vs Market Value Analysis
This analysis compares SSE plc'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: 1.93x
- 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 16.42x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | $1.29 | $21.18 | x |
| 1987-03-31 | $1.43 | $21.18 | x |
| 1988-03-31 | $1.52 | $21.18 | x |
| 1989-03-31 | $1.15 | $21.18 | x |
| 1990-03-31 | $1.60 | $21.18 | x |
| 1991-03-31 | $2.13 | $21.18 | x |
| 1992-03-31 | $1.52 | $21.18 | x |
| 1993-03-31 | $1.67 | $21.18 | x |
| 1994-03-31 | $1.86 | $21.18 | x |
| 1995-03-31 | $2.03 | $21.18 | x |
| 1996-03-31 | $2.25 | $21.18 | x |
| 1997-03-31 | $2.27 | $21.18 | x |
| 1998-03-31 | $2.42 | $21.18 | x |
| 1999-03-31 | $1.80 | $21.18 | x |
| 2000-03-31 | $1.91 | $21.18 | x |
| 2001-03-31 | $1.93 | $21.18 | x |
| 2002-03-31 | $1.98 | $21.18 | x |
| 2003-03-31 | $1.72 | $21.18 | x |
| 2004-03-31 | $2.01 | $21.18 | x |
| 2005-03-31 | $2.13 | $21.18 | x |
| 2006-03-31 | $2.40 | $21.18 | x |
| 2007-03-31 | $2.90 | $21.18 | x |
| 2008-03-31 | $3.41 | $21.18 | x |
| 2009-03-31 | $3.36 | $21.18 | x |
| 2010-03-31 | $3.39 | $21.18 | x |
| 2011-03-31 | $5.60 | $21.18 | x |
| 2012-03-31 | $4.88 | $21.18 | x |
| 2013-03-31 | $5.82 | $21.18 | x |
| 2014-03-31 | $5.27 | $21.18 | x |
| 2015-03-31 | $6.18 | $21.18 | x |
| 2016-03-31 | $2.98 | $21.18 | x |
| 2017-03-31 | $4.02 | $21.18 | x |
| 2018-03-31 | $4.01 | $21.18 | x |
| 2019-03-31 | $4.52 | $21.18 | x |
| 2020-03-31 | $3.63 | $21.18 | x |
| 2021-03-31 | $5.00 | $21.18 | x |
| 2022-03-31 | $7.64 | $21.18 | x |
| 2023-03-31 | $7.98 | $21.18 | x |
| 2024-03-31 | $10.11 | $21.18 | x |
| 2025-03-31 | $10.96 | $21.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SSE plc 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): 9.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.74%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.52x
- Recent ROE (9.86%) is below the historical average (17.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 17.13% | 7.38% | 0.40x | 5.75x | $9.66 Million |
| 1987 | 14.99% | 6.98% | 0.40x | 5.36x | $7.49 Million |
| 1988 | 9.55% | 4.62% | 0.41x | 5.08x | $-720.00K |
| 1989 | -30.06% | -10.51% | 0.41x | 6.89x | $-48.51 Million |
| 1990 | 29.73% | 11.19% | 0.49x | 5.38x | $33.25 Million |
| 1991 | 21.81% | 8.58% | 0.55x | 4.64x | $26.43 Million |
| 1992 | 16.69% | 14.49% | 0.59x | 1.96x | $38.87 Million |
| 1993 | 16.55% | 14.74% | 0.64x | 1.76x | $41.86 Million |
| 1994 | 17.07% | 15.36% | 0.66x | 1.67x | $50.42 Million |
| 1995 | 15.27% | 14.27% | 0.65x | 1.66x | $41.06 Million |
| 1996 | 17.15% | 16.73% | 0.57x | 1.79x | $61.93 Million |
| 1997 | 18.63% | 17.26% | 0.52x | 2.07x | $76.04 Million |
| 1998 | 13.88% | 12.65% | 0.52x | 2.09x | $36.62 Million |
| 1999 | 13.09% | 7.34% | 0.73x | 2.46x | $48.65 Million |
| 2000 | 24.81% | 13.54% | 0.73x | 2.53x | $246.43 Million |
| 2001 | 24.57% | 11.35% | 0.75x | 2.89x | $241.38 Million |
| 2002 | 25.30% | 10.77% | 0.85x | 2.78x | $260.99 Million |
| 2003 | 30.11% | 10.98% | 0.83x | 3.31x | $298.00 Million |
| 2004 | 25.91% | 8.74% | 0.95x | 3.14x | $275.06 Million |
| 2005 | 30.06% | 7.54% | 1.12x | 3.56x | $373.63 Million |
| 2006 | 29.94% | 6.33% | 1.22x | 3.88x | $427.76 Million |
| 2007 | 31.99% | 7.00% | 1.25x | 3.65x | $570.91 Million |
| 2008 | 29.29% | 5.72% | 1.11x | 4.62x | $574.90 Million |
| 2009 | 3.77% | 0.44% | 1.43x | 5.97x | $-185.42 Million |
| 2010 | 39.53% | 5.73% | 1.19x | 5.80x | $922.82 Million |
| 2011 | 28.93% | 5.31% | 1.32x | 4.12x | $984.42 Million |
| 2012 | 4.31% | 0.62% | 1.61x | 4.29x | $-260.61 Million |
| 2013 | 7.26% | 1.42% | 1.37x | 3.71x | $-152.19 Million |
| 2014 | 6.31% | 1.06% | 1.45x | 4.13x | $-188.85 Million |
| 2014 | 4.89% | 10.12% | 0.04x | 11.30x | $-3.62 Billion |
| 2015 | 8.93% | 1.72% | 1.36x | 3.83x | $-64.95 Million |
| 2015 | 8.15% | 17.43% | 0.04x | 10.47x | $-1.39 Billion |
| 2016 | 15.43% | 1.60% | 1.30x | 7.43x | $162.12 Million |
| 2016 | 7.86% | 17.26% | 0.04x | 10.72x | $-1.63 Billion |
| 2017 | 39.37% | 5.51% | 1.21x | 5.89x | $1.19 Billion |
| 2017 | 7.90% | 16.10% | 0.04x | 11.01x | $-1.63 Billion |
| 2018 | 20.23% | 3.02% | 1.17x | 5.72x | $415.55 Million |
| 2019 | 30.48% | 19.30% | 0.32x | 4.86x | $946.84 Million |
| 2020 | 4.48% | 2.47% | 0.32x | 5.61x | $-207.14 Million |
| 2021 | 43.70% | 33.34% | 0.32x | 4.15x | $1.76 Billion |
| 2022 | 37.47% | 34.80% | 0.34x | 3.19x | $2.22 Billion |
| 2023 | -1.84% | -1.26% | 0.46x | 3.16x | $-1.02 Billion |
| 2024 | 15.48% | 16.36% | 0.37x | 2.56x | $605.18 Million |
| 2025 | 9.86% | 11.74% | 0.33x | 2.52x | $-17.00 Million |
Industry Comparison
This section compares SSE plc's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $4,384,461,368
- Average return on equity (ROE) among peers: 6.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SSE plc (SSEZF) | $13.62 Billion | 17.13% | 1.27x | $23.16 Billion |
| ACEA S.p.A (ACEJF) | $1.90 Billion | 14.24% | 3.29x | $780.10 Million |
| Atco Ltd (ACLLF) | $2.57 Billion | 6.35% | 1.49x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.52 Billion | 9.76% | 1.93x | $4.51 Billion |
| The AES Corporation (AES) | $10.41 Billion | -0.53% | 2.89x | $10.06 Billion |
| Allete Inc (ALE) | $673.20 Million | 11.48% | 1.28x | $3.93 Billion |
| Algonquin Power & Utilities Corp (AQN) | $1.41 Billion | 1.04% | 0.98x | $4.08 Billion |
| Avista Corporation (AVA) | $1.53 Billion | 8.06% | 2.21x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $14.67 Billion | 1.31% | 1.49x | $16.66 Billion |
| Commerce Energy Group Inc (CMNR) | $93.62 Million | 5.79% | 0.34x | $0.94 |
| Canadian Utilities Limited (CUTLF) | $7.07 Billion | 8.94% | 2.11x | $4.62 Billion |