Cia de Ferro Ligas da Bahia - FERBASA (FESA3) - Net Assets
Based on the latest financial reports, Cia de Ferro Ligas da Bahia - FERBASA (FESA3) has net assets worth R$3.29 Billion BRL (≈ $644.78 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$4.46 Billion ≈ $875.03 Million USD) and total liabilities (R$1.17 Billion ≈ $230.25 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 FESA3 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$3.29 Billion |
| % of Total Assets | 73.69% |
| Annual Growth Rate | 10.7% |
| 5-Year Change | 38.64% |
| 10-Year Change | 142.08% |
| Growth Volatility | 11.33 |
Cia de Ferro Ligas da Bahia - FERBASA - Net Assets Trend (2003–2025)
This chart illustrates how Cia de Ferro Ligas da Bahia - FERBASA's net assets have evolved over time, based on quarterly financial data. See FESA3 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cia de Ferro Ligas da Bahia - FERBASA (2003–2025)
The table below shows the annual net assets of Cia de Ferro Ligas da Bahia - FERBASA from 2003 to 2025. For live valuation and market cap data, see Cia de Ferro Ligas da Bahia - FERBASA (FESA3) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$3.29 Billion ≈ $644.78 Million |
-1.64% |
| 2024-12-31 | R$3.34 Billion ≈ $655.52 Million |
+4.68% |
| 2023-12-31 | R$3.19 Billion ≈ $626.23 Million |
+4.95% |
| 2022-12-31 | R$3.04 Billion ≈ $596.68 Million |
+28.29% |
| 2021-12-31 | R$2.37 Billion ≈ $465.09 Million |
+33.78% |
| 2020-12-31 | R$1.77 Billion ≈ $347.66 Million |
-3.61% |
| 2019-12-31 | R$1.84 Billion ≈ $360.68 Million |
+5.09% |
| 2018-12-31 | R$1.75 Billion ≈ $343.21 Million |
+14.88% |
| 2017-12-31 | R$1.52 Billion ≈ $298.75 Million |
+12.16% |
| 2016-12-31 | R$1.36 Billion ≈ $266.36 Million |
+1.58% |
| 2015-12-31 | R$1.34 Billion ≈ $262.20 Million |
+4.57% |
| 2014-12-31 | R$1.28 Billion ≈ $250.74 Million |
+4.90% |
| 2013-12-31 | R$1.22 Billion ≈ $239.02 Million |
+4.75% |
| 2012-12-31 | R$1.16 Billion ≈ $228.19 Million |
+6.00% |
| 2011-12-31 | R$1.10 Billion ≈ $215.27 Million |
+6.44% |
| 2010-12-31 | R$1.03 Billion ≈ $202.24 Million |
+11.52% |
| 2009-12-31 | R$924.24 Million ≈ $181.35 Million |
+9.26% |
| 2008-12-31 | R$845.90 Million ≈ $165.98 Million |
+40.59% |
| 2007-12-31 | R$601.69 Million ≈ $118.06 Million |
+12.96% |
| 2006-12-31 | R$532.64 Million ≈ $104.51 Million |
+5.57% |
| 2005-12-31 | R$504.53 Million ≈ $99.00 Million |
+10.94% |
| 2004-12-31 | R$454.78 Million ≈ $89.24 Million |
+29.46% |
| 2003-12-31 | R$351.30 Million ≈ $68.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cia de Ferro Ligas da Bahia - FERBASA'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 156552200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$1.56 Billion | 47.62% |
| Common Stock | R$1.47 Billion | 44.77% |
| Other Comprehensive Income | R$285.66 Million | 8.70% |
| Total Equity | R$3.28 Billion | 100.00% |
Cia de Ferro Ligas da Bahia - FERBASA Competitors by Market Cap
The table below lists competitors of Cia de Ferro Ligas da Bahia - FERBASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BROOGE ENERGY DL-0001
F:3SF
|
$243.29 Million |
|
MFS Multimarket Income Trust
NYSE:MMT
|
$243.31 Million |
|
EPACK Durable Limited
NSE:EPACK
|
$243.36 Million |
|
Bangkok Land Public Company Limited
BK:BLAND
|
$243.39 Million |
|
Aviat Networks Inc
NASDAQ:AVNW
|
$243.13 Million |
|
Bank Of Princeton
NASDAQ:BPRN
|
$243.10 Million |
|
Formosan Rubber Group Inc
TW:2107
|
$242.95 Million |
|
Exotic Food Public Company Limited
BK:XO
|
$242.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cia de Ferro Ligas da Bahia - FERBASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,339,257,000 to 3,284,363,000, a change of -54,894,000 (-1.6%).
- Net income of 188,378,000 contributed positively to equity growth.
- Dividend payments of 108,639,000 reduced retained earnings.
- Share repurchases of 10,193,000 reduced equity.
- New share issuances of 200,000,000 increased equity.
- Other comprehensive income increased equity by 251,091,000.
- Other factors decreased equity by 575,531,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$188.38 Million | +5.74% |
| Dividends Paid | R$108.64 Million | -3.31% |
| Share Repurchases | R$10.19 Million | -0.31% |
| Share Issuances | R$200.00 Million | +6.09% |
| Other Comprehensive Income | R$251.09 Million | +7.65% |
| Other Changes | R$-575.53 Million | -17.52% |
| Total Change | R$- | -1.64% |
Book Value vs Market Value Analysis
This analysis compares Cia de Ferro Ligas da Bahia - FERBASA'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: 1.09x
- 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 3.57x to 1.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | R$2.95 | R$10.54 | x |
| 2004-12-31 | R$127.79 | R$10.54 | x |
| 2005-12-31 | R$1.41 | R$10.54 | x |
| 2006-12-31 | R$1.49 | R$10.54 | x |
| 2007-12-31 | R$1.63 | R$10.54 | x |
| 2008-12-31 | R$2.66 | R$10.54 | x |
| 2009-12-31 | R$10.43 | R$10.54 | x |
| 2010-12-31 | R$11.82 | R$10.54 | x |
| 2011-12-31 | R$9.30 | R$10.54 | x |
| 2012-12-31 | R$3.08 | R$10.54 | x |
| 2013-12-31 | R$3.22 | R$10.54 | x |
| 2014-12-31 | R$3.66 | R$10.54 | x |
| 2015-12-31 | R$3.91 | R$10.54 | x |
| 2016-12-31 | R$3.97 | R$10.54 | x |
| 2017-12-31 | R$4.46 | R$10.54 | x |
| 2018-12-31 | R$5.12 | R$10.54 | x |
| 2019-12-31 | R$5.38 | R$10.54 | x |
| 2020-12-31 | R$5.19 | R$10.54 | x |
| 2021-12-31 | R$6.96 | R$10.54 | x |
| 2022-12-31 | R$8.93 | R$10.54 | x |
| 2023-12-31 | R$37.36 | R$10.54 | x |
| 2024-12-31 | R$9.81 | R$10.54 | x |
| 2025-12-31 | R$9.69 | R$10.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cia de Ferro Ligas da Bahia - FERBASA 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): 5.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.07%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.36x
- Recent ROE (5.74%) is below the historical average (13.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 22.83% | 21.87% | 0.87x | 1.20x | R$44.64 Million |
| 2004 | 21.53% | 20.31% | 0.89x | 1.20x | R$52.02 Million |
| 2005 | 8.88% | 10.32% | 0.77x | 1.11x | R$-5.57 Million |
| 2006 | 6.07% | 8.03% | 0.69x | 1.09x | R$-20.75 Million |
| 2007 | 9.97% | 12.85% | 0.69x | 1.13x | R$-182.10K |
| 2008 | 39.90% | 38.23% | 0.89x | 1.17x | R$251.80 Million |
| 2009 | 3.11% | 6.35% | 0.42x | 1.17x | R$-63.46 Million |
| 2010 | 13.04% | 19.38% | 0.58x | 1.17x | R$31.26 Million |
| 2011 | 8.29% | 13.81% | 0.52x | 1.16x | R$-18.71 Million |
| 2012 | 7.36% | 11.79% | 0.55x | 1.13x | R$-30.56 Million |
| 2013 | 6.05% | 8.90% | 0.60x | 1.14x | R$-47.91 Million |
| 2014 | 7.18% | 10.95% | 0.57x | 1.15x | R$-35.94 Million |
| 2015 | 13.01% | 18.50% | 0.57x | 1.24x | R$40.08 Million |
| 2016 | 5.15% | 6.35% | 0.66x | 1.23x | R$-65.57 Million |
| 2017 | 17.79% | 24.34% | 0.60x | 1.22x | R$118.15 Million |
| 2018 | 17.71% | 22.36% | 0.52x | 1.53x | R$134.47 Million |
| 2019 | 12.07% | 17.29% | 0.47x | 1.50x | R$37.97 Million |
| 2020 | 3.95% | 4.30% | 0.58x | 1.60x | R$-106.79 Million |
| 2021 | 27.13% | 26.90% | 0.70x | 1.43x | R$405.96 Million |
| 2022 | 34.95% | 33.84% | 0.77x | 1.34x | R$758.31 Million |
| 2023 | 11.99% | 15.71% | 0.59x | 1.29x | R$63.64 Million |
| 2024 | 9.81% | 14.64% | 0.51x | 1.31x | R$-6.42 Million |
| 2025 | 5.74% | 8.07% | 0.52x | 1.36x | R$-140.06 Million |
Industry Comparison
This section compares Cia de Ferro Ligas da Bahia - FERBASA's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $17,418,561,500
- Average return on equity (ROE) among peers: 15.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cia de Ferro Ligas da Bahia - FERBASA (FESA3) | R$3.29 Billion | 22.83% | 0.36x | $243.21 Million |
| CSN Mineração S.A (CMIN3) | $6.76 Billion | 24.41% | 3.96x | $4.53 Billion |
| Companhia Siderúrgica Nacional (CSNA3) | $8.42 Billion | 44.03% | 4.57x | $1.23 Billion |
| Gerdau S.A (GGBR3) | $27.17 Billion | 4.48% | 0.99x | $2.60 Billion |
| Metalurgica Gerdau S.A (GOAU3) | $43.62 Billion | 11.61% | 0.71x | $818.60 Million |
| Panatlântica S.A (PATI3) | $25.71 Million | 12.31% | 1.66x | $157.32 Million |
| Usinas Siderúrgicas de Minas Gerais S.A (USIM3) | $18.51 Billion | -3.82% | 0.77x | $1.05 Billion |
About Cia de Ferro Ligas da Bahia - FERBASA
Cia de Ferro Ligas da Bahia S.A. - FERBASA manufactures and sells ferroalloys, ferrochrome, and ferrosilicon in Brazil and internationally. It operates through Ferroalloys, Wind Energy, and Others segments. The company offers high carbon ferrochrome, low carbon ferrochrome, ferrochrome silicon, ferrosilicon, chromite sand, lump, lime, concentrate, wood and slag, quicklime, and active silica/micro… Read more