Eternit S.A (ETER3) - Net Assets
Based on the latest financial reports, Eternit S.A (ETER3) has net assets worth R$842.99 Million BRL (≈ $165.41 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$1.36 Billion ≈ $267.51 Million USD) and total liabilities (R$520.32 Million ≈ $102.10 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 Eternit S.A tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$842.99 Million |
| % of Total Assets | 61.83% |
| Annual Growth Rate | 4.77% |
| 5-Year Change | 49.64% |
| 10-Year Change | 83.4% |
| Growth Volatility | 49.0 |
Eternit S.A - Net Assets Trend (2000–2025)
This chart illustrates how Eternit S.A's net assets have evolved over time, based on quarterly financial data. See Eternit S.A (ETER3) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Eternit S.A (2000–2025)
The table below shows the annual net assets of Eternit S.A from 2000 to 2025. For live valuation and market cap data, see Eternit S.A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$842.99 Million ≈ $165.41 Million |
+4.58% |
| 2024-12-31 | R$806.09 Million ≈ $158.17 Million |
+4.71% |
| 2023-12-31 | R$769.81 Million ≈ $151.05 Million |
+13.83% |
| 2022-12-31 | R$676.30 Million ≈ $132.70 Million |
+20.05% |
| 2021-12-31 | R$563.36 Million ≈ $110.54 Million |
+162.01% |
| 2020-12-31 | R$215.01 Million ≈ $42.19 Million |
+7839.78% |
| 2019-12-31 | R$-2.78 Million ≈ $-545.09K |
-122.68% |
| 2018-12-31 | R$12.25 Million ≈ $2.40 Million |
-92.82% |
| 2017-12-31 | R$170.51 Million ≈ $33.46 Million |
-62.90% |
| 2016-12-31 | R$459.65 Million ≈ $90.19 Million |
-8.09% |
| 2015-12-31 | R$500.12 Million ≈ $98.13 Million |
-2.85% |
| 2014-12-31 | R$514.81 Million ≈ $101.01 Million |
+1.71% |
| 2013-12-31 | R$506.13 Million ≈ $99.31 Million |
+5.55% |
| 2012-12-31 | R$479.53 Million ≈ $94.09 Million |
+9.46% |
| 2011-12-31 | R$438.11 Million ≈ $85.96 Million |
+6.21% |
| 2010-12-31 | R$412.49 Million ≈ $80.94 Million |
+10.56% |
| 2009-12-31 | R$373.10 Million ≈ $73.21 Million |
+50.48% |
| 2008-12-31 | R$247.95 Million ≈ $48.65 Million |
-0.98% |
| 2007-12-31 | R$250.41 Million ≈ $49.13 Million |
+8.76% |
| 2006-12-31 | R$230.23 Million ≈ $45.18 Million |
+0.48% |
| 2005-12-31 | R$229.14 Million ≈ $44.96 Million |
-5.69% |
| 2004-12-31 | R$242.97 Million ≈ $47.68 Million |
+1.20% |
| 2003-12-31 | R$240.10 Million ≈ $47.11 Million |
+1.21% |
| 2002-12-31 | R$237.24 Million ≈ $46.55 Million |
+0.56% |
| 2001-12-31 | R$235.91 Million ≈ $46.29 Million |
-10.28% |
| 2000-12-31 | R$262.94 Million ≈ $51.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Eternit 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 940.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$237.37 Million | 32.97% |
| Common Stock | R$438.08 Million | 60.85% |
| Other Comprehensive Income | R$44.62 Million | 6.20% |
| Total Equity | R$719.92 Million | 100.00% |
Eternit S.A Competitors by Market Cap
The table below lists competitors of Eternit S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silvano Fashion Group AS
WAR:SFG
|
$45.58 Million |
|
IL&FS Engineering and Construction Company Limited
NSE:IL&FSENGG
|
$45.62 Million |
|
Theranexus SA
PA:ALTHX
|
$45.64 Million |
|
Woongjin Thinkbig Co Ltd
KO:095720
|
$45.64 Million |
|
Rodex Fasteners
TWO:5015
|
$45.56 Million |
|
Taiwan Wax Co Ltd
TWO:1742
|
$45.55 Million |
|
Impact BioMedical, Inc.
NYSE MKT:IBO
|
$45.54 Million |
|
CoAsia Corporation
KQ:045970
|
$45.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eternit S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 806,063,000 to 719,918,000, a change of -86,145,000 (-10.7%).
- Net income of 48,977,000 contributed positively to equity growth.
- Dividend payments of 5,157,000 reduced retained earnings.
- Share repurchases of 964,000 reduced equity.
- Other comprehensive income decreased equity by 44,634,999.
- Other factors decreased equity by 84,366,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$48.98 Million | +6.8% |
| Dividends Paid | R$5.16 Million | -0.72% |
| Share Repurchases | R$964.00K | -0.13% |
| Other Comprehensive Income | R$-44.63 Million | -6.2% |
| Other Changes | R$-84.37 Million | -11.72% |
| Total Change | R$- | -10.69% |
Book Value vs Market Value Analysis
This analysis compares Eternit 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: 0.32x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$9.21 | R$3.76 | x |
| 2005-12-31 | R$8.69 | R$3.76 | x |
| 2006-12-31 | R$8.39 | R$3.76 | x |
| 2007-12-31 | R$9.11 | R$3.76 | x |
| 2008-12-31 | R$9.04 | R$3.76 | x |
| 2009-12-31 | R$13.57 | R$3.76 | x |
| 2010-12-31 | R$12.08 | R$3.76 | x |
| 2011-12-31 | R$12.88 | R$3.76 | x |
| 2012-12-31 | R$14.04 | R$3.76 | x |
| 2013-12-31 | R$14.82 | R$3.76 | x |
| 2014-12-31 | R$15.08 | R$3.76 | x |
| 2015-12-31 | R$14.65 | R$3.76 | x |
| 2016-12-31 | R$13.46 | R$3.76 | x |
| 2017-12-31 | R$4.99 | R$3.76 | x |
| 2018-12-31 | R$0.36 | R$3.76 | x |
| 2019-12-31 | R$-0.08 | R$3.76 | x |
| 2020-12-31 | R$3.89 | R$3.76 | x |
| 2021-12-31 | R$9.12 | R$3.76 | x |
| 2022-12-31 | R$10.95 | R$3.76 | x |
| 2023-12-31 | R$11.09 | R$3.76 | x |
| 2024-12-31 | R$13.07 | R$3.76 | x |
| 2025-12-31 | R$11.66 | R$3.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eternit 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): 6.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.26%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.89x
- Recent ROE (6.80%) is above the historical average (-35.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 19.92% | 20.23% | 0.77x | 1.29x | R$26.09 Million |
| 2001 | 16.13% | 15.58% | 0.76x | 1.37x | R$14.45 Million |
| 2002 | 22.47% | 17.30% | 0.88x | 1.48x | R$29.59 Million |
| 2003 | 11.69% | 9.23% | 0.97x | 1.31x | R$4.05 Million |
| 2004 | 13.71% | 9.45% | 1.08x | 1.35x | R$9.02 Million |
| 2005 | 14.92% | 9.79% | 1.10x | 1.39x | R$11.27 Million |
| 2006 | 16.60% | 10.77% | 1.06x | 1.45x | R$15.19 Million |
| 2007 | 20.74% | 12.94% | 1.02x | 1.57x | R$26.88 Million |
| 2008 | 32.75% | 14.92% | 1.41x | 1.56x | R$56.41 Million |
| 2009 | 19.62% | 12.58% | 1.06x | 1.47x | R$35.88 Million |
| 2010 | 24.75% | 13.45% | 1.15x | 1.60x | R$60.84 Million |
| 2011 | 22.19% | 11.85% | 1.19x | 1.58x | R$53.38 Million |
| 2012 | 23.57% | 12.47% | 1.12x | 1.69x | R$65.05 Million |
| 2013 | 20.20% | 10.68% | 1.15x | 1.65x | R$51.64 Million |
| 2014 | 16.54% | 8.71% | 1.09x | 1.74x | R$33.68 Million |
| 2015 | 5.88% | 3.02% | 1.04x | 1.87x | R$-20.59 Million |
| 2016 | -8.20% | -4.56% | 0.98x | 1.83x | R$-83.65 Million |
| 2017 | -162.10% | -41.52% | 1.18x | 3.31x | R$-293.44 Million |
| 2018 | -1221.62% | -27.82% | 0.94x | 46.55x | R$-150.59 Million |
| 2019 | 0.00% | -2.58% | 0.90x | 0.00x | R$-12.34 Million |
| 2020 | 73.87% | 23.23% | 0.92x | 3.47x | R$137.26 Million |
| 2021 | 47.83% | 23.98% | 1.11x | 1.80x | R$213.05 Million |
| 2022 | 20.35% | 11.59% | 0.97x | 1.81x | R$69.98 Million |
| 2023 | 18.59% | 11.26% | 0.87x | 1.90x | R$58.76 Million |
| 2024 | 4.81% | 3.34% | 0.89x | 1.62x | R$-41.84 Million |
| 2025 | 6.80% | 4.26% | 0.84x | 1.89x | R$-23.01 Million |
Industry Comparison
This section compares Eternit S.A's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $371,119,000
- Average return on equity (ROE) among peers: -27.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eternit S.A (ETER3) | R$842.99 Million | 19.92% | 0.62x | $45.57 Million |
| PBG S.A (PTBL3) | $371.12 Million | -27.49% | 8.02x | $44.54 Million |
About Eternit S.A
Eternit S.A., together with its subsidiaries, engages in roofing and industrialized construction business in China. The company offers cement, concrete, and solar tile products, as well as other construction materials and accessories. It also provides fiber cement and concrete tiles for roofing; panels for drywall; steel frame systems; and raw materials for the manufacture of cement tiles and pan… Read more