Bradespar S.A (BRAP3) - Net Assets
Based on the latest financial reports, Bradespar S.A (BRAP3) has net assets worth R$8.05 Billion BRL (≈ $1.58 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$8.10 Billion ≈ $1.59 Billion USD) and total liabilities (R$48.40 Million ≈ $9.50 Million USD). 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. Check BRAP3 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$8.05 Billion |
| % of Total Assets | 99.4% |
| Annual Growth Rate | 5.72% |
| 5-Year Change | 1.93% |
| 10-Year Change | -3.33% |
| Growth Volatility | 14.33 |
Bradespar S.A - Net Assets Trend (2004–2025)
This chart illustrates how Bradespar S.A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BRAP3 market cap.
Annual Net Assets for Bradespar S.A (2004–2025)
The table below shows the annual net assets of Bradespar S.A from 2004 to 2025. Also explore how fast is Bradespar S.A growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$7.65 Billion ≈ $1.50 Billion |
-9.85% |
| 2024-12-31 | R$8.48 Billion ≈ $1.66 Billion |
+8.29% |
| 2023-12-31 | R$7.83 Billion ≈ $1.54 Billion |
+4.77% |
| 2022-12-31 | R$7.48 Billion ≈ $1.47 Billion |
-0.34% |
| 2021-12-31 | R$7.50 Billion ≈ $1.47 Billion |
-33.34% |
| 2020-12-31 | R$11.25 Billion ≈ $2.21 Billion |
+17.72% |
| 2019-12-31 | R$9.56 Billion ≈ $1.88 Billion |
-4.01% |
| 2018-12-31 | R$9.96 Billion ≈ $1.95 Billion |
+13.10% |
| 2017-12-31 | R$8.81 Billion ≈ $1.73 Billion |
+11.31% |
| 2016-12-31 | R$7.91 Billion ≈ $1.55 Billion |
-0.08% |
| 2015-12-31 | R$7.92 Billion ≈ $1.55 Billion |
-11.42% |
| 2014-12-31 | R$8.94 Billion ≈ $1.75 Billion |
-1.07% |
| 2013-12-31 | R$9.03 Billion ≈ $1.77 Billion |
-1.33% |
| 2012-12-31 | R$9.16 Billion ≈ $1.80 Billion |
+5.55% |
| 2011-12-31 | R$8.67 Billion ≈ $1.70 Billion |
+27.98% |
| 2010-12-31 | R$6.78 Billion ≈ $1.33 Billion |
+15.58% |
| 2009-12-31 | R$5.86 Billion ≈ $1.15 Billion |
+10.88% |
| 2008-12-31 | R$5.29 Billion ≈ $1.04 Billion |
+28.33% |
| 2007-12-31 | R$4.12 Billion ≈ $808.72 Million |
+18.05% |
| 2006-12-31 | R$3.49 Billion ≈ $685.07 Million |
+23.57% |
| 2005-12-31 | R$2.83 Billion ≈ $554.39 Million |
+18.86% |
| 2004-12-31 | R$2.38 Billion ≈ $466.43 Million |
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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 300725600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$3.01 Billion | 39.32% |
| Common Stock | R$5.60 Billion | 73.23% |
| Other Comprehensive Income | R$-959.61 Million | -12.55% |
| Total Equity | R$7.65 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 |
|---|---|
|
Mativ Holdings Inc.
NYSE:MATV
|
$501.21 Million |
|
Zhejiang Kanglongda Special
SHG:603665
|
$501.22 Million |
|
Roma Green Finance Limited Ordinary Shares
NASDAQ:ROMA
|
$501.23 Million |
|
RPG Life Sciences Limited
NSE:RPGLIFE
|
$501.25 Million |
|
Shanghai Shen Lian Biomedical Corp
SHG:688098
|
$501.15 Million |
|
Shandong Sinobioway Biomedicine Co Ltd
SHE:002581
|
$501.04 Million |
|
Inghams Group Ltd
AU:ING
|
$500.99 Million |
|
Forward Air Corporation
NASDAQ:FWRD
|
$500.97 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 2024 to 2025, total equity changed from 8,483,367,000 to 7,647,771,000, a change of -835,596,000 (-9.8%).
- Net income of 546,993,000 contributed positively to equity growth.
- Dividend payments of 939,563,000 reduced retained earnings.
- Other comprehensive income decreased equity by 135,589,000.
- Other factors decreased equity by 307,437,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$546.99 Million | +7.15% |
| Dividends Paid | R$939.56 Million | -12.29% |
| Other Comprehensive Income | R$-135.59 Million | -1.77% |
| Other Changes | R$-307.44 Million | -4.02% |
| Total Change | R$- | -9.85% |
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: 0.95x
- 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 0.72x to 0.95x 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$18.51 | x |
| 2005-12-31 | R$30.31 | R$18.51 | x |
| 2006-12-31 | R$36.05 | R$18.51 | x |
| 2007-12-31 | R$11.03 | R$18.51 | x |
| 2008-12-31 | R$13.11 | R$18.51 | x |
| 2009-12-31 | R$14.18 | R$18.51 | x |
| 2010-12-31 | R$16.13 | R$18.51 | x |
| 2011-12-31 | R$23.11 | R$18.51 | x |
| 2012-12-31 | R$23.60 | R$18.51 | x |
| 2013-12-31 | R$22.88 | R$18.51 | x |
| 2014-12-31 | R$22.64 | R$18.51 | x |
| 2015-12-31 | R$18.83 | R$18.51 | x |
| 2016-12-31 | R$18.82 | R$18.51 | x |
| 2017-12-31 | R$20.94 | R$18.51 | x |
| 2018-12-31 | R$23.79 | R$18.51 | x |
| 2019-12-31 | R$24.32 | R$18.51 | x |
| 2020-12-31 | R$28.63 | R$18.51 | x |
| 2021-12-31 | R$19.09 | R$18.51 | x |
| 2022-12-31 | R$19.02 | R$18.51 | x |
| 2023-12-31 | R$18.71 | R$18.51 | x |
| 2024-12-31 | R$21.58 | R$18.51 | x |
| 2025-12-31 | R$19.46 | R$18.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bradespar S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.56%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.05x
- Recent ROE (7.15%) is below the historical average (18.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.73% | 6.24% | 0.47x | 2.63x | R$-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 | 24.58% | 27.48% | 0.34x | 2.60x | R$668.03 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 | 1.25x | R$1.16 Billion |
| 2012 | 5.12% | 82.13% | 0.05x | 1.17x | R$-454.90 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$343.87 Million |
| 2025 | 7.15% | 84.56% | 0.08x | 1.05x | R$-217.78 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: $-1,280,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bradespar S.A (BRAP3) | R$8.05 Billion | 7.73% | 0.01x | $501.18 Million |
| Arandu Investimentos S.A. (ARND3) | $-1.28 Million | 0.00% | 0.00x | $16.02 Million |
About 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. It also produces copper, platinum group metals, gold, cobalt, and silver. The company was founded in 1942 and is headquartered in São Paulo, Brazil.