Bradespar S.A
Bradespar S.A., through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil. The company also produces copper, thermal and metallurgical coal, manganese, platinum group metals, gold, and silver, as well as raw materials for the steel industry with applications in the stainless-steel industry, and metal alloys used in the production of… Read more
Bradespar S.A (BRAP3) - Net Assets
Latest net assets as of September 2025: R$9.12 Billion BRL
Based on the latest financial reports, Bradespar S.A (BRAP3) has net assets worth R$9.12 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$9.22 Billion) and total liabilities (R$93.54 Million). 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 | R$9.12 Billion |
| % of Total Assets | 98.99% |
| Annual Growth Rate | 6.57% |
| 5-Year Change | -24.62% |
| 10-Year Change | 7.15% |
| Growth Volatility | 14.09 |
Bradespar S.A - Net Assets Trend (2004–2024)
This chart illustrates how Bradespar 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 Bradespar S.A (2004–2024)
The table below shows the annual net assets of Bradespar S.A from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$8.48 Billion | +8.29% |
| 2023-12-31 | R$7.83 Billion | +4.77% |
| 2022-12-31 | R$7.48 Billion | -0.34% |
| 2021-12-31 | R$7.50 Billion | -33.34% |
| 2020-12-31 | R$11.25 Billion | +17.72% |
| 2019-12-31 | R$9.56 Billion | -4.01% |
| 2018-12-31 | R$9.96 Billion | +13.10% |
| 2017-12-31 | R$8.81 Billion | +11.31% |
| 2016-12-31 | R$7.91 Billion | -0.08% |
| 2015-12-31 | R$7.92 Billion | -11.42% |
| 2014-12-31 | R$8.94 Billion | -1.07% |
| 2013-12-31 | R$9.03 Billion | -1.33% |
| 2012-12-31 | R$9.16 Billion | +6.50% |
| 2011-12-31 | R$8.60 Billion | +26.84% |
| 2010-12-31 | R$6.78 Billion | +15.58% |
| 2009-12-31 | R$5.86 Billion | +10.88% |
| 2008-12-31 | R$5.29 Billion | +28.33% |
| 2007-12-31 | R$4.12 Billion | +18.05% |
| 2006-12-31 | R$3.49 Billion | +23.57% |
| 2005-12-31 | R$2.83 Billion | +18.86% |
| 2004-12-31 | R$2.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bradespar 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 grown by 470726300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$4.71 Billion | 55.49% |
| Common Stock | R$4.60 Billion | 54.23% |
| Other Comprehensive Income | R$-824.02 Million | -9.71% |
| Total Equity | R$8.48 Billion | 100.00% |
Bradespar S.A Competitors by Market Cap
The table below lists competitors of Bradespar S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Watches of Switzerland Group plc
PINK:WOSGF
|
$967.83 Million |
|
SINOPEC Engineering (Group) Co. Ltd.
PINK:SENGF
|
$968.17 Million |
|
Kinh Bac City Development Share Holding Corp
VN:KBC
|
$968.23 Million |
|
Aya Gold & Silver Inc.
PINK:AYASF
|
$968.26 Million |
|
SURUGA BK
F:URU
|
$967.58 Million |
|
Medicover AB
F:5M0B
|
$967.15 Million |
|
PSK Inc
KQ:319660
|
$966.99 Million |
|
MY EG Services Bhd
KLSE:0138
|
$966.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bradespar S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,834,019,000 to 8,483,367,000, a change of 649,348,000 (8.3%).
- Net income of 1,192,208,000 contributed positively to equity growth.
- Dividend payments of 747,196,000 reduced retained earnings.
- Other comprehensive income increased equity by 329,140,001.
- Other factors decreased equity by 124,804,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.19 Billion | +14.05% |
| Dividends Paid | R$747.20 Million | -8.81% |
| Other Comprehensive Income | R$329.14 Million | +3.88% |
| Other Changes | R$-124.80 Million | -1.47% |
| Total Change | R$- | 8.29% |
Book Value vs Market Value Analysis
This analysis compares Bradespar 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: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.76x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$25.63 | R$19.43 | x |
| 2005-12-31 | R$30.31 | R$19.43 | x |
| 2006-12-31 | R$36.05 | R$19.43 | x |
| 2007-12-31 | R$11.03 | R$19.43 | x |
| 2008-12-31 | R$14.12 | R$19.43 | x |
| 2009-12-31 | R$14.18 | R$19.43 | x |
| 2010-12-31 | R$16.13 | R$19.43 | x |
| 2011-12-31 | R$23.11 | R$19.43 | x |
| 2012-12-31 | R$23.19 | R$19.43 | x |
| 2013-12-31 | R$22.88 | R$19.43 | x |
| 2014-12-31 | R$22.64 | R$19.43 | x |
| 2015-12-31 | R$18.83 | R$19.43 | x |
| 2016-12-31 | R$18.82 | R$19.43 | x |
| 2017-12-31 | R$20.94 | R$19.43 | x |
| 2018-12-31 | R$23.79 | R$19.43 | x |
| 2019-12-31 | R$24.32 | R$19.43 | x |
| 2020-12-31 | R$28.63 | R$19.43 | x |
| 2021-12-31 | R$19.09 | R$19.43 | x |
| 2022-12-31 | R$19.02 | R$19.43 | x |
| 2023-12-31 | R$18.71 | R$19.43 | x |
| 2024-12-31 | R$21.58 | R$19.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bradespar S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.48%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.01x
- Recent ROE (14.05%) is below the historical average (19.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.73% | 6.24% | 0.47x | 2.63x | R$-50.77 Million |
| 2005 | 24.04% | 20.76% | 0.48x | 2.40x | R$371.98 Million |
| 2006 | 24.25% | 21.82% | 0.44x | 2.54x | R$449.18 Million |
| 2007 | 28.13% | 55.25% | 0.23x | 2.18x | R$699.15 Million |
| 2008 | 22.82% | 27.48% | 0.34x | 2.42x | R$632.69 Million |
| 2009 | 17.18% | 34.15% | 0.23x | 2.16x | R$402.31 Million |
| 2010 | 25.96% | 92.68% | 0.22x | 1.26x | R$1.08 Billion |
| 2011 | 23.54% | 93.92% | 0.20x | 1.24x | R$1.16 Billion |
| 2012 | 5.31% | 83.74% | 0.05x | 1.19x | R$-429.56 Million |
| 2013 | -0.53% | -541.90% | 0.00x | 1.20x | R$-951.13 Million |
| 2014 | 1.14% | 83.11% | 0.01x | 1.19x | R$-792.32 Million |
| 2015 | -32.72% | 0.00% | -0.25x | 1.22x | R$-3.38 Billion |
| 2016 | 7.96% | 71.79% | 0.09x | 1.30x | R$-161.77 Million |
| 2017 | 26.44% | 83.23% | 0.25x | 1.29x | R$1.45 Billion |
| 2018 | 11.95% | 41.69% | 0.27x | 1.07x | R$194.51 Million |
| 2019 | -4.22% | 0.00% | -0.03x | 1.06x | R$-1.36 Billion |
| 2020 | 13.03% | 96.96% | 0.13x | 1.00x | R$341.57 Million |
| 2021 | 107.68% | 99.21% | 1.08x | 1.01x | R$7.33 Billion |
| 2022 | 49.86% | 98.63% | 0.47x | 1.08x | R$2.98 Billion |
| 2023 | 27.08% | 96.92% | 0.28x | 1.01x | R$1.34 Billion |
| 2024 | 14.05% | 94.48% | 0.15x | 1.01x | R$343.87 Million |
Industry Comparison
This section compares Bradespar S.A's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $530,428,750
- Average return on equity (ROE) among peers: -4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bradespar S.A (BRAP3) | R$9.12 Billion | 7.73% | 0.01x | $967.74 Million |
| Arandu Investimentos S.A. (ARND3) | $280.33 Million | 1.32% | 0.06x | $1.05K |
| G2D Investments Ltd (G2DI33) | $891.32 Million | -26.92% | 0.13x | $4.79 Million |
| GP Investments Ltd (GPIV33) | $800.38 Million | 1.68% | 0.44x | $24.90 Million |
| Santander Títulos Imobiliarios Fundo De Investimento Imobiliario (SAPI11) | $149.68 Million | 7.21% | 0.01x | $13.85K |