Alpine Select AG (ALPN) - Net Assets
Based on the latest financial reports, Alpine Select AG (ALPN) has net assets worth CHF76.49 Million CHF (≈ $96.71 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 (CHF79.61 Million ≈ $100.65 Million USD) and total liabilities (CHF3.12 Million ≈ $3.94 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 Alpine Select AG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF76.49 Million |
| % of Total Assets | 96.08% |
| Annual Growth Rate | -0.81% |
| 5-Year Change | -49.97% |
| 10-Year Change | -58.2% |
| Growth Volatility | 24.41 |
Alpine Select AG - Net Assets Trend (2002–2025)
This chart illustrates how Alpine Select AG's net assets have evolved over time, based on quarterly financial data. See ALPN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Alpine Select AG (2002–2025)
The table below shows the annual net assets of Alpine Select AG from 2002 to 2025. For live valuation and market cap data, see ALPN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF76.49 Million ≈ $96.71 Million |
+13.03% |
| 2024-12-31 | CHF67.68 Million ≈ $85.56 Million |
-2.26% |
| 2023-12-31 | CHF69.24 Million ≈ $87.54 Million |
-37.50% |
| 2022-12-31 | CHF110.78 Million ≈ $140.06 Million |
-27.55% |
| 2021-12-31 | CHF152.91 Million ≈ $193.32 Million |
+15.40% |
| 2020-12-31 | CHF132.51 Million ≈ $167.52 Million |
-12.91% |
| 2019-12-31 | CHF152.14 Million ≈ $192.35 Million |
+5.01% |
| 2018-12-31 | CHF144.88 Million ≈ $183.17 Million |
-20.29% |
| 2017-12-31 | CHF181.76 Million ≈ $229.80 Million |
-0.67% |
| 2016-12-31 | CHF182.99 Million ≈ $231.35 Million |
-23.56% |
| 2015-12-31 | CHF239.38 Million ≈ $302.64 Million |
+0.02% |
| 2014-12-31 | CHF239.32 Million ≈ $302.57 Million |
+4.19% |
| 2013-12-31 | CHF229.70 Million ≈ $290.40 Million |
+19.63% |
| 2012-12-31 | CHF192.01 Million ≈ $242.75 Million |
-0.38% |
| 2011-12-31 | CHF192.75 Million ≈ $243.69 Million |
-8.64% |
| 2010-12-31 | CHF210.98 Million ≈ $266.74 Million |
+29.94% |
| 2009-12-31 | CHF162.37 Million ≈ $205.28 Million |
+7.61% |
| 2008-12-31 | CHF150.88 Million ≈ $190.75 Million |
-47.42% |
| 2007-12-31 | CHF286.94 Million ≈ $362.77 Million |
+2.74% |
| 2006-12-31 | CHF279.28 Million ≈ $353.09 Million |
+63.03% |
| 2005-12-31 | CHF171.30 Million ≈ $216.57 Million |
+34.48% |
| 2004-12-31 | CHF127.38 Million ≈ $161.04 Million |
+35.11% |
| 2003-12-31 | CHF94.28 Million ≈ $119.19 Million |
+2.33% |
| 2002-12-31 | CHF92.13 Million ≈ $116.47 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Alpine Select AG'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 156.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF63.18 Million | 82.60% |
| Common Stock | CHF174.00K | 0.23% |
| Other Components | CHF13.13 Million | 17.17% |
| Total Equity | CHF76.49 Million | 100.00% |
Alpine Select AG Competitors by Market Cap
The table below lists competitors of Alpine Select AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ribbon Acquisition Corp Unit
NASDAQ:RIBBU
|
$76.22 Million |
|
Nurminen Logistics Oyj
HE:NLG1V
|
$76.26 Million |
|
Children’s Place Inc
NASDAQ:PLCE
|
$76.26 Million |
|
Aniplus Inc
KQ:310200
|
$76.27 Million |
|
PJBumi Bhd
KLSE:7163
|
$76.17 Million |
|
Lucas GC Limited Ordinary Shares
NASDAQ:LGCL
|
$76.17 Million |
|
GMM Grammy Public Company Limited
BK:GRAMMY
|
$76.16 Million |
|
Edisun Power Europe AG
SW:ESUN
|
$76.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alpine Select AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 67,677,000 to 76,493,000, a change of 8,816,000 (13.0%).
- Net income of 10,318,000 contributed positively to equity growth.
- Share repurchases of 1,502,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF10.32 Million | +13.49% |
| Share Repurchases | CHF1.50 Million | -1.96% |
| Total Change | CHF- | 13.03% |
Book Value vs Market Value Analysis
This analysis compares Alpine Select AG'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: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.87x to 1.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CHF10.58 | CHF9.15 | x |
| 2003-12-31 | CHF12.03 | CHF9.15 | x |
| 2004-12-31 | CHF15.45 | CHF9.15 | x |
| 2005-12-31 | CHF18.57 | CHF9.15 | x |
| 2006-12-31 | CHF23.85 | CHF9.15 | x |
| 2007-12-31 | CHF18.09 | CHF9.15 | x |
| 2008-12-31 | CHF9.99 | CHF9.15 | x |
| 2009-12-31 | CHF12.22 | CHF9.15 | x |
| 2010-12-31 | CHF16.57 | CHF9.15 | x |
| 2011-12-31 | CHF15.35 | CHF9.15 | x |
| 2012-12-31 | CHF15.71 | CHF9.15 | x |
| 2013-12-31 | CHF17.49 | CHF9.15 | x |
| 2014-12-31 | CHF17.86 | CHF9.15 | x |
| 2015-12-31 | CHF17.33 | CHF9.15 | x |
| 2016-12-31 | CHF12.88 | CHF9.15 | x |
| 2017-12-31 | CHF16.22 | CHF9.15 | x |
| 2018-12-31 | CHF12.95 | CHF9.15 | x |
| 2019-12-31 | CHF13.46 | CHF9.15 | x |
| 2020-12-31 | CHF13.64 | CHF9.15 | x |
| 2021-12-31 | CHF15.95 | CHF9.15 | x |
| 2022-12-31 | CHF11.71 | CHF9.15 | x |
| 2023-12-31 | CHF7.69 | CHF9.15 | x |
| 2024-12-31 | CHF7.80 | CHF9.15 | x |
| 2025-12-31 | CHF8.98 | CHF9.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alpine Select AG 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): 13.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 81.75%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.04x
- Recent ROE (13.49%) is above the historical average (4.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 15.07% | 71.23% | 0.21x | 1.02x | CHF4.68 Million |
| 2003 | 30.61% | 91.67% | 0.19x | 1.71x | CHF19.43 Million |
| 2004 | 13.92% | 81.14% | 0.11x | 1.49x | CHF4.99 Million |
| 2005 | 8.30% | 73.78% | 0.08x | 1.43x | CHF-2.91 Million |
| 2006 | 14.78% | 78.62% | 0.17x | 1.10x | CHF13.36 Million |
| 2007 | 2.62% | 72.84% | 0.04x | 1.02x | CHF-21.17 Million |
| 2008 | -69.57% | -8667.88% | 0.01x | 1.00x | CHF-120.06 Million |
| 2009 | 13.01% | 3698.60% | 0.00x | 1.00x | CHF4.88 Million |
| 2010 | 25.20% | 101.94% | 0.25x | 1.00x | CHF32.07 Million |
| 2011 | 4.65% | 1119.35% | 0.00x | 1.08x | CHF-10.31 Million |
| 2012 | 8.56% | 90.12% | 0.09x | 1.00x | CHF-2.77 Million |
| 2013 | 13.52% | 84.93% | 0.16x | 1.02x | CHF7.99 Million |
| 2014 | 8.46% | 91.41% | 0.09x | 1.09x | CHF-3.68 Million |
| 2015 | -1.31% | -452.23% | 0.00x | 1.01x | CHF-27.08 Million |
| 2016 | 5.83% | 80.79% | 0.06x | 1.18x | CHF-7.64 Million |
| 2017 | 17.84% | 95.22% | 0.18x | 1.03x | CHF14.25 Million |
| 2018 | -10.91% | 0.00% | -0.09x | 1.11x | CHF-30.29 Million |
| 2019 | 10.00% | 76.22% | 0.12x | 1.13x | CHF3.60K |
| 2020 | 4.89% | 68.42% | 0.07x | 1.08x | CHF-6.40 Million |
| 2021 | 16.28% | 82.02% | 0.18x | 1.13x | CHF8.92 Million |
| 2022 | -28.93% | 0.00% | -0.25x | 1.11x | CHF-40.33 Million |
| 2023 | -0.63% | -30.69% | 0.02x | 1.06x | CHF-7.14 Million |
| 2024 | 1.80% | 47.48% | 0.04x | 1.02x | CHF-5.55 Million |
| 2025 | 13.49% | 81.75% | 0.16x | 1.04x | CHF2.67 Million |
Industry Comparison
This section compares Alpine Select AG's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,701,599,068
- Average return on equity (ROE) among peers: 8.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alpine Select AG (ALPN) | CHF76.49 Million | 15.07% | 0.04x | $76.21 Million |
| Julius Baer Gruppe AG (BAER) | $6.74 Billion | 16.05% | 16.25x | $12.36 Billion |
| Bellevue Group AG (BBN) | $190.63 Million | -33.95% | 1.37x | $120.14 Million |
| GAM Holding AG (GAM) | $478.50 Million | -4.87% | 0.58x | $73.38 Million |
| HBM Healthcare Investments (HBMN) | $2.15 Billion | 35.15% | 0.05x | $1.53 Billion |
| Leonteq AG (LEON) | $692.11 Million | -4.87% | 15.12x | $273.70 Million |
| Nebag ag (NBEN) | $61.97 Million | 0.69% | 0.00x | $55.22 Million |
| Private Equity Holding AG (PEHN) | $394.30 Million | 4.92% | 0.14x | $152.33 Million |
| Partners Group Holding AG (PGHN) | $2.90 Billion | 50.50% | 0.67x | $22.94 Billion |
| Vontobel Holding (VONN) | $1.70 Billion | 12.96% | 14.28x | $3.98 Billion |
About Alpine Select AG
Alpine Select AG is a publicly owned hedge fund manager. It provides its services to institutional and individual investors. It invests in the public equity markets across the globe. It invests in diversified alternative investment portfolios. The firm employs discount-, risk- arbitrage, tactical exploitation strategies. Alpine Select AG was founded in September 1997 and is based in Zug, Switzerl… Read more