Emmi AG (EMMN) - Net Assets
Based on the latest financial reports, Emmi AG (EMMN) has net assets worth CHF1.22 Billion CHF (≈ $1.55 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF3.48 Billion ≈ $4.40 Billion USD) and total liabilities (CHF2.26 Billion ≈ $2.85 Billion 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 Emmi AG tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF1.22 Billion |
| % of Total Assets | 35.16% |
| Annual Growth Rate | 5.57% |
| 5-Year Change | 3.58% |
| 10-Year Change | -18.73% |
| Growth Volatility | 12.69 |
Emmi AG - Net Assets Trend (2002–2025)
This chart illustrates how Emmi AG's net assets have evolved over time, based on quarterly financial data. See Emmi AG liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Emmi AG (2002–2025)
The table below shows the annual net assets of Emmi AG from 2002 to 2025. For live valuation and market cap data, see EMMN market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF1.22 Billion ≈ $1.55 Billion |
+8.34% |
| 2024-12-31 | CHF1.13 Billion ≈ $1.43 Billion |
-20.15% |
| 2023-12-31 | CHF1.41 Billion ≈ $1.79 Billion |
+10.20% |
| 2022-12-31 | CHF1.28 Billion ≈ $1.62 Billion |
+8.65% |
| 2021-12-31 | CHF1.18 Billion ≈ $1.49 Billion |
-4.17% |
| 2020-12-31 | CHF1.23 Billion ≈ $1.56 Billion |
-5.20% |
| 2019-12-31 | CHF1.30 Billion ≈ $1.64 Billion |
-21.48% |
| 2018-12-31 | CHF1.66 Billion ≈ $2.09 Billion |
+8.90% |
| 2017-12-31 | CHF1.52 Billion ≈ $1.92 Billion |
+1.01% |
| 2016-12-31 | CHF1.51 Billion ≈ $1.90 Billion |
+8.06% |
| 2015-12-31 | CHF1.39 Billion ≈ $1.76 Billion |
+6.16% |
| 2014-12-31 | CHF1.31 Billion ≈ $1.66 Billion |
+4.33% |
| 2013-12-31 | CHF1.26 Billion ≈ $1.59 Billion |
+8.00% |
| 2012-12-31 | CHF1.17 Billion ≈ $1.47 Billion |
+13.92% |
| 2011-12-31 | CHF1.02 Billion ≈ $1.29 Billion |
+4.70% |
| 2010-12-31 | CHF976.92 Million ≈ $1.24 Billion |
+6.67% |
| 2009-12-31 | CHF915.80 Million ≈ $1.16 Billion |
+9.65% |
| 2008-12-31 | CHF835.17 Million ≈ $1.06 Billion |
+6.56% |
| 2007-12-31 | CHF783.72 Million ≈ $990.84 Million |
+5.11% |
| 2006-12-31 | CHF745.62 Million ≈ $942.66 Million |
+13.46% |
| 2005-12-31 | CHF657.14 Million ≈ $830.81 Million |
+12.57% |
| 2004-12-31 | CHF583.75 Million ≈ $738.02 Million |
+47.77% |
| 2003-12-31 | CHF395.03 Million ≈ $499.43 Million |
+12.36% |
| 2002-12-31 | CHF351.58 Million ≈ $444.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Emmi 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 5510.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF1.06 Billion | 97.78% |
| Common Stock | CHF53.50 Million | 4.95% |
| Other Comprehensive Income | CHF-29.51 Million | -2.73% |
| Total Equity | CHF1.08 Billion | 100.00% |
Emmi AG Competitors by Market Cap
The table below lists competitors of Emmi AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chewy Inc
NYSE:CHWY
|
$4.39 Billion |
|
Linamar Corporation
TO:LNR
|
$4.39 Billion |
|
IPG Photonics Corporation
NASDAQ:IPGP
|
$4.39 Billion |
|
Sai MicroElectronics Inc
SHE:300456
|
$4.39 Billion |
|
Jiangsu Jiejie Microelectronics Co Ltd
SHE:300623
|
$4.38 Billion |
|
MDU Resources Group Inc
NYSE:MDU
|
$4.38 Billion |
|
Banco Macro S.A
F:B4W
|
$4.38 Billion |
|
Methanex Corporation
TO:MX
|
$4.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Emmi AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 994,053,000 to 1,081,534,000, a change of 87,481,000 (8.8%).
- Net income of 227,100,000 contributed positively to equity growth.
- Dividend payments of 88,272,000 reduced retained earnings.
- Other comprehensive income decreased equity by 29,509,000.
- Other factors decreased equity by 21,838,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF227.10 Million | +21.0% |
| Dividends Paid | CHF88.27 Million | -8.16% |
| Other Comprehensive Income | CHF-29.51 Million | -2.73% |
| Other Changes | CHF-21.84 Million | -2.02% |
| Total Change | CHF- | 8.80% |
Book Value vs Market Value Analysis
This analysis compares Emmi 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: 4.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.84x to 4.25x 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 | CHF1023.15 | CHF859.00 | x |
| 2003-12-31 | CHF1146.28 | CHF859.00 | x |
| 2004-12-31 | CHF119.00 | CHF859.00 | x |
| 2005-12-31 | CHF122.21 | CHF859.00 | x |
| 2006-12-31 | CHF127.35 | CHF859.00 | x |
| 2007-12-31 | CHF132.44 | CHF859.00 | x |
| 2008-12-31 | CHF-156.11 | CHF859.00 | x |
| 2009-12-31 | CHF148.96 | CHF859.00 | x |
| 2010-12-31 | CHF157.54 | CHF859.00 | x |
| 2011-12-31 | CHF168.39 | CHF859.00 | x |
| 2012-12-31 | CHF184.65 | CHF859.00 | x |
| 2013-12-31 | CHF199.69 | CHF859.00 | x |
| 2014-12-31 | CHF212.78 | CHF859.00 | x |
| 2015-12-31 | CHF225.76 | CHF859.00 | x |
| 2016-12-31 | CHF247.03 | CHF859.00 | x |
| 2017-12-31 | CHF272.20 | CHF859.00 | x |
| 2018-12-31 | CHF298.82 | CHF859.00 | x |
| 2019-12-31 | CHF225.58 | CHF859.00 | x |
| 2020-12-31 | CHF210.67 | CHF859.00 | x |
| 2021-12-31 | CHF202.07 | CHF859.00 | x |
| 2022-12-31 | CHF218.58 | CHF859.00 | x |
| 2023-12-31 | CHF241.68 | CHF859.00 | x |
| 2024-12-31 | CHF185.81 | CHF859.00 | x |
| 2025-12-31 | CHF202.16 | CHF859.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Emmi 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): 21.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.79%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 3.22x
- Recent ROE (21.00%) is above the historical average (11.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.13% | 1.41% | 1.52x | 2.87x | CHF-12.46 Million |
| 2003 | 11.84% | 2.23% | 1.91x | 2.78x | CHF6.64 Million |
| 2004 | 9.58% | 2.58% | 1.64x | 2.26x | CHF-2.14 Million |
| 2005 | 8.80% | 2.70% | 1.71x | 1.91x | CHF-7.33 Million |
| 2006 | 8.10% | 2.31% | 1.53x | 2.30x | CHF-12.69 Million |
| 2007 | 5.67% | 1.59% | 1.53x | 2.33x | CHF-30.30 Million |
| 2008 | 0.00% | 2.56% | 1.61x | 0.00x | CHF152.81 Million |
| 2009 | 10.95% | 3.33% | 1.58x | 2.08x | CHF7.61 Million |
| 2010 | 12.40% | 3.89% | 1.55x | 2.05x | CHF20.21 Million |
| 2011 | 11.49% | 3.80% | 1.40x | 2.16x | CHF13.38 Million |
| 2012 | 10.75% | 3.56% | 1.28x | 2.35x | CHF7.45 Million |
| 2013 | 9.79% | 3.17% | 1.32x | 2.34x | CHF-2.27 Million |
| 2014 | 6.93% | 2.32% | 1.34x | 2.22x | CHF-34.94 Million |
| 2015 | 9.95% | 3.74% | 1.26x | 2.11x | CHF-595.80K |
| 2016 | 10.62% | 4.31% | 1.25x | 1.97x | CHF8.17 Million |
| 2017 | 11.10% | 4.80% | 1.25x | 1.85x | CHF15.95 Million |
| 2018 | 14.59% | 6.75% | 1.23x | 1.76x | CHF73.41 Million |
| 2019 | 16.16% | 5.58% | 1.47x | 1.97x | CHF74.32 Million |
| 2020 | 16.72% | 5.08% | 1.59x | 2.07x | CHF75.69 Million |
| 2021 | 20.05% | 5.54% | 1.58x | 2.29x | CHF108.64 Million |
| 2022 | 15.61% | 4.32% | 1.61x | 2.25x | CHF65.61 Million |
| 2023 | 14.41% | 4.39% | 1.56x | 2.10x | CHF56.98 Million |
| 2024 | 22.16% | 5.07% | 1.29x | 3.38x | CHF120.88 Million |
| 2025 | 21.00% | 4.79% | 1.36x | 3.22x | CHF118.95 Million |
Industry Comparison
This section compares Emmi AG's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $11,246,437,200
- Average return on equity (ROE) among peers: 5.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Emmi AG (EMMN) | CHF1.22 Billion | 6.13% | 1.84x | $4.39 Billion |
| Aryzta AG (ARYN) | $2.79 Billion | 4.85% | 1.49x | $1.47 Billion |
| Bell AG (BELL) | $357.12 Million | 12.69% | 1.11x | $1.36 Billion |
| Hochdorf Holding AG (HOCN) | $51.30 Million | -30.79% | 4.52x | $3.41 Million |
| Nestle S.A. (NESN) | $52.86 Billion | 23.85% | 1.42x | $204.31 Billion |
| Orior AG (ORON) | $170.31 Million | 15.82% | 1.29x | $73.85 Million |
About Emmi AG
Emmi AG, together with its subsidiaries, manufactures and sells dairy products in Switzerland, North and South America, the rest of Europe, Africa, and the Asia Pacific. The company offers dairy products comprising milk, cream, and butter; cheese, including raclette and fondue; fresh products consisting of yogurts, yogurt drinks, kefir products, and desserts; fresh cheese, which consists of mozza… Read more