Vestas Wind Systems A/S
Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates through two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare p… Read more
Vestas Wind Systems A/S (VWSYF) - Net Assets
Latest net assets as of September 2025: $3.48 Billion USD
Based on the latest financial reports, Vestas Wind Systems A/S (VWSYF) has net assets worth $3.48 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 ($25.92 Billion) and total liabilities ($22.44 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 | $3.48 Billion |
| % of Total Assets | 13.43% |
| Annual Growth Rate | 8.3% |
| 5-Year Change | -24.69% |
| 10-Year Change | 22.18% |
| Growth Volatility | 33.79 |
Vestas Wind Systems A/S - Net Assets Trend (2002–2024)
This chart illustrates how Vestas Wind Systems A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vestas Wind Systems A/S (2002–2024)
The table below shows the annual net assets of Vestas Wind Systems A/S from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.54 Billion | +16.44% |
| 2023-12-31 | $3.04 Billion | -0.59% |
| 2022-12-31 | $3.06 Billion | -35.73% |
| 2021-12-31 | $4.76 Billion | +1.23% |
| 2020-12-31 | $4.70 Billion | +40.60% |
| 2019-12-31 | $3.35 Billion | +7.76% |
| 2018-12-31 | $3.10 Billion | -0.26% |
| 2017-12-31 | $3.11 Billion | -2.45% |
| 2016-12-31 | $3.19 Billion | +10.04% |
| 2015-12-31 | $2.90 Billion | +21.86% |
| 2014-12-31 | $2.38 Billion | +56.10% |
| 2013-12-31 | $1.52 Billion | -6.04% |
| 2012-12-31 | $1.62 Billion | -37.03% |
| 2011-12-31 | $2.58 Billion | -6.46% |
| 2010-12-31 | $2.75 Billion | -18.13% |
| 2009-12-31 | $3.36 Billion | +72.07% |
| 2008-12-31 | $1.96 Billion | +28.96% |
| 2007-12-31 | $1.52 Billion | +20.16% |
| 2006-12-31 | $1.26 Billion | +31.18% |
| 2005-12-31 | $961.80 Million | -23.10% |
| 2004-12-31 | $1.25 Billion | +109.81% |
| 2003-12-31 | $596.10 Million | -2.80% |
| 2002-12-31 | $613.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vestas Wind Systems A/S'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 540.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.58 Billion | 101.45% |
| Common Stock | $27.00 Million | 0.77% |
| Other Comprehensive Income | $-78.00 Million | -2.21% |
| Total Equity | $3.53 Billion | 100.00% |
Vestas Wind Systems A/S Competitors by Market Cap
The table below lists competitors of Vestas Wind Systems A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CGI Inc
NYSE:GIB
|
$12.63 Billion |
|
Permian Resources Corporation
NYSE:PR
|
$12.66 Billion |
|
Suncorp Group Limited
PINK:SNMYF
|
$12.69 Billion |
|
Sanlam Ltd PK
PINK:SLLDY
|
$12.71 Billion |
|
DASSAULT SYS SE INH.EO01
F:DSYA
|
$12.61 Billion |
|
Kubota Corporation
PINK:KUBTF
|
$12.60 Billion |
|
Kingspan Group plc
PINK:KGSPF
|
$12.59 Billion |
|
Rivian Automotive Inc
NASDAQ:RIVN
|
$12.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vestas Wind Systems A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,027,000,000 to 3,529,000,000, a change of 502,000,000 (16.6%).
- Net income of 499,000,000 contributed positively to equity growth.
- Share repurchases of 40,000,000 reduced equity.
- Other comprehensive income increased equity by 24,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $499.00 Million | +14.14% |
| Share Repurchases | $40.00 Million | -1.13% |
| Other Comprehensive Income | $24.00 Million | +0.68% |
| Other Changes | $19.00 Million | +0.54% |
| Total Change | $- | 16.58% |
Book Value vs Market Value Analysis
This analysis compares Vestas Wind Systems A/S'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: 3.62x
- 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 decreased from 10.84x to 3.62x 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 | $1.17 | $12.66 | x |
| 2003-12-31 | $1.00 | $12.66 | x |
| 2004-12-31 | $1.66 | $12.66 | x |
| 2005-12-31 | $1.10 | $12.66 | x |
| 2006-12-31 | $1.38 | $12.66 | x |
| 2007-12-31 | $1.64 | $12.66 | x |
| 2008-12-31 | $2.11 | $12.66 | x |
| 2009-12-31 | $3.42 | $12.66 | x |
| 2010-12-31 | $2.71 | $12.66 | x |
| 2011-12-31 | $2.55 | $12.66 | x |
| 2012-12-31 | $1.60 | $12.66 | x |
| 2013-12-31 | $1.51 | $12.66 | x |
| 2014-12-31 | $2.15 | $12.66 | x |
| 2015-12-31 | $2.60 | $12.66 | x |
| 2016-12-31 | $2.91 | $12.66 | x |
| 2017-12-31 | $2.93 | $12.66 | x |
| 2018-12-31 | $3.07 | $12.66 | x |
| 2019-12-31 | $3.32 | $12.66 | x |
| 2020-12-31 | $4.73 | $12.66 | x |
| 2021-12-31 | $4.71 | $12.66 | x |
| 2022-12-31 | $3.03 | $12.66 | x |
| 2023-12-31 | $3.00 | $12.66 | x |
| 2024-12-31 | $3.49 | $12.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vestas Wind Systems A/S 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): 14.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.89%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 6.98x
- Recent ROE (14.14%) is above the historical average (5.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.35% | 3.23% | 1.00x | 2.27x | $-16.23 Million |
| 2003 | 5.97% | 2.15% | 1.30x | 2.13x | $-24.01 Million |
| 2004 | -3.03% | -1.48% | 0.88x | 2.34x | $-162.97 Million |
| 2005 | -19.91% | -5.35% | 1.16x | 3.21x | $-287.68 Million |
| 2006 | 8.80% | 2.88% | 1.05x | 2.90x | $-15.17 Million |
| 2007 | 19.20% | 5.99% | 1.13x | 2.83x | $139.40 Million |
| 2008 | 26.14% | 8.47% | 1.14x | 2.72x | $315.50 Million |
| 2009 | 17.21% | 8.73% | 1.03x | 1.91x | $242.60 Million |
| 2010 | 5.66% | 2.25% | 0.98x | 2.57x | $-119.40 Million |
| 2011 | -6.44% | -2.84% | 0.76x | 2.98x | $-423.60 Million |
| 2012 | -59.37% | -13.35% | 1.03x | 4.30x | $-1.13 Billion |
| 2013 | -5.38% | -1.35% | 1.08x | 3.70x | $-234.40 Million |
| 2014 | 16.48% | 5.67% | 0.99x | 2.94x | $154.10 Million |
| 2015 | 23.63% | 8.13% | 0.98x | 2.96x | $395.10 Million |
| 2016 | 30.25% | 9.43% | 1.03x | 3.11x | $646.00 Million |
| 2017 | 28.73% | 8.98% | 0.92x | 3.49x | $582.80 Million |
| 2018 | 22.12% | 6.75% | 0.85x | 3.85x | $374.80 Million |
| 2019 | 21.38% | 5.80% | 0.85x | 4.35x | $374.70 Million |
| 2020 | 16.44% | 5.16% | 0.82x | 3.90x | $299.60 Million |
| 2021 | 2.82% | 0.86% | 0.79x | 4.15x | $-340.80 Million |
| 2022 | -51.64% | -10.85% | 0.72x | 6.60x | $-1.88 Billion |
| 2023 | 2.54% | 0.50% | 0.68x | 7.44x | $-225.70 Million |
| 2024 | 14.14% | 2.89% | 0.70x | 6.98x | $146.10 Million |
Industry Comparison
This section compares Vestas Wind Systems A/S's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $45,906,124,380
- Average return on equity (ROE) among peers: -4.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vestas Wind Systems A/S (VWSYF) | $3.48 Billion | 7.35% | 6.44x | $12.62 Billion |
| American Commerce Solutions Inc (AACS) | $-139.81K | 0.00% | 0.00x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-5.34 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $349.19 Million | 48.71% | 2.53x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $1.08 Billion | -13.38% | 2.10x | $91.17 Million |
| Alphaform AG (AFRMF) | $6.63 Million | -93.13% | 1.38x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-3.46 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $37.38 Billion | 16.94% | 1.20x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $417.00 Billion | 2.92% | 0.33x | $3.72 Billion |
| Ametek Inc (AME) | $3.14 Billion | 16.49% | 0.87x | $48.98 Billion |
| American Superconductor Corporation (AMSC) | $115.10 Million | -26.83% | 0.16x | $1.41 Billion |