Holcim AG (HOLN) - Net Assets
Based on the latest financial reports, Holcim AG (HOLN) has net assets worth CHF16.09 Billion CHF (≈ $20.34 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 (CHF33.60 Billion ≈ $42.49 Billion USD) and total liabilities (CHF17.52 Billion ≈ $22.15 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 HOLN financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF16.09 Billion |
| % of Total Assets | 47.86% |
| Annual Growth Rate | 3.97% |
| 5-Year Change | -47.22% |
| 10-Year Change | -53.71% |
| Growth Volatility | 25.21 |
Holcim AG - Net Assets Trend (2002–2025)
This chart illustrates how Holcim AG's net assets have evolved over time, based on quarterly financial data. Also explore HOLN asset base for the complete picture of this company's asset base.
Annual Net Assets for Holcim AG (2002–2025)
The table below shows the annual net assets of Holcim AG from 2002 to 2025. For live valuation and market cap data, see Holcim AG market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF16.09 Billion ≈ $20.34 Billion |
-42.46% |
| 2024-12-31 | CHF27.95 Billion ≈ $35.34 Billion |
+4.38% |
| 2023-12-31 | CHF26.78 Billion ≈ $33.86 Billion |
-9.56% |
| 2022-12-31 | CHF29.61 Billion ≈ $37.44 Billion |
-2.82% |
| 2021-12-31 | CHF30.47 Billion ≈ $38.53 Billion |
+6.46% |
| 2020-12-31 | CHF28.62 Billion ≈ $36.19 Billion |
-9.13% |
| 2019-12-31 | CHF31.50 Billion ≈ $39.82 Billion |
+4.81% |
| 2018-12-31 | CHF30.05 Billion ≈ $38.00 Billion |
-2.98% |
| 2017-12-31 | CHF30.98 Billion ≈ $39.16 Billion |
-10.86% |
| 2016-12-31 | CHF34.75 Billion ≈ $43.93 Billion |
-2.73% |
| 2015-12-31 | CHF35.72 Billion ≈ $45.16 Billion |
+77.62% |
| 2014-12-31 | CHF20.11 Billion ≈ $25.43 Billion |
+7.69% |
| 2013-12-31 | CHF18.68 Billion ≈ $23.61 Billion |
-5.86% |
| 2012-12-31 | CHF19.84 Billion ≈ $25.08 Billion |
+0.93% |
| 2011-12-31 | CHF19.66 Billion ≈ $24.85 Billion |
-6.94% |
| 2010-12-31 | CHF21.12 Billion ≈ $26.70 Billion |
-4.19% |
| 2009-12-31 | CHF22.04 Billion ≈ $27.87 Billion |
+22.64% |
| 2008-12-31 | CHF17.97 Billion ≈ $22.72 Billion |
-18.10% |
| 2007-12-31 | CHF21.95 Billion ≈ $27.74 Billion |
+17.20% |
| 2006-12-31 | CHF18.73 Billion ≈ $23.67 Billion |
+31.40% |
| 2005-12-31 | CHF14.25 Billion ≈ $18.02 Billion |
+67.06% |
| 2004-12-31 | CHF8.53 Billion ≈ $10.78 Billion |
+24.84% |
| 2003-12-31 | CHF6.83 Billion ≈ $8.64 Billion |
+4.03% |
| 2002-12-31 | CHF6.57 Billion ≈ $8.30 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Holcim 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 2054500000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF20.55 Billion | 133.61% |
| Common Stock | CHF1.13 Billion | 7.37% |
| Other Comprehensive Income | CHF-16.65 Billion | -108.27% |
| Other Components | CHF10.35 Billion | 67.29% |
| Total Equity | CHF15.38 Billion | 100.00% |
Holcim AG Competitors by Market Cap
The table below lists competitors of Holcim AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Live Nation Entertainment Inc
NYSE:LYV
|
$34.35 Billion |
|
Baidu Inc.
F:B1CB
|
$34.36 Billion |
|
Dollarama Inc
TO:DOL
|
$34.44 Billion |
|
Advanced Micro Fabrication Inc
SHG:688012
|
$34.48 Billion |
|
Prudential Financial Inc
NYSE:PRU
|
$34.32 Billion |
|
ENDESA ADR/ 1/2 EO 120
F:ENAA
|
$34.26 Billion |
|
Kimberly-Clark Corporation
NYSE:KMB
|
$34.17 Billion |
|
TESCO PLC ADR/1 LS-05
F:TCO2
|
$34.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Holcim AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,239,000,000 to 15,377,000,000, a change of -11,862,000,000 (-43.5%).
- Net income of 387,000,000 contributed positively to equity growth.
- Dividend payments of 1,714,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,147,000,000.
- Other factors decreased equity by 12,682,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF387.00 Million | +2.52% |
| Dividends Paid | CHF1.71 Billion | -11.15% |
| Other Comprehensive Income | CHF2.15 Billion | +13.96% |
| Other Changes | CHF-12.68 Billion | -82.47% |
| Total Change | CHF- | -43.55% |
Book Value vs Market Value Analysis
This analysis compares Holcim 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: 2.61x
- 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 2.35x to 2.61x 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 | CHF30.79 | CHF72.48 | x |
| 2003-12-31 | CHF31.24 | CHF72.48 | x |
| 2004-12-31 | CHF34.78 | CHF72.48 | x |
| 2005-12-31 | CHF44.52 | CHF72.48 | x |
| 2006-12-31 | CHF55.43 | CHF72.48 | x |
| 2007-12-31 | CHF65.40 | CHF72.48 | x |
| 2008-12-31 | CHF51.42 | CHF72.48 | x |
| 2009-12-31 | CHF60.77 | CHF72.48 | x |
| 2010-12-31 | CHF53.84 | CHF72.48 | x |
| 2011-12-31 | CHF50.09 | CHF72.48 | x |
| 2012-12-31 | CHF49.83 | CHF72.48 | x |
| 2013-12-31 | CHF47.39 | CHF72.48 | x |
| 2014-12-31 | CHF49.14 | CHF72.48 | x |
| 2015-12-31 | CHF66.37 | CHF72.48 | x |
| 2016-12-31 | CHF50.86 | CHF72.48 | x |
| 2017-12-31 | CHF46.06 | CHF72.48 | x |
| 2018-12-31 | CHF45.15 | CHF72.48 | x |
| 2019-12-31 | CHF47.10 | CHF72.48 | x |
| 2020-12-31 | CHF42.54 | CHF72.48 | x |
| 2021-12-31 | CHF45.24 | CHF72.48 | x |
| 2022-12-31 | CHF47.61 | CHF72.48 | x |
| 2023-12-31 | CHF45.67 | CHF72.48 | x |
| 2024-12-31 | CHF48.64 | CHF72.48 | x |
| 2025-12-31 | CHF27.81 | CHF72.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Holcim 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): 2.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.46%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.19x
- Recent ROE (2.52%) is below the historical average (8.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 7.70% | 3.89% | 0.51x | 3.88x | CHF-150.80 Million |
| 2003 | 10.04% | 5.44% | 0.51x | 3.63x | CHF2.70 Million |
| 2004 | 13.52% | 8.72% | 0.51x | 3.03x | CHF300.00 Million |
| 2005 | 15.85% | 9.84% | 0.48x | 3.32x | CHF671.30 Million |
| 2006 | 17.92% | 11.34% | 0.54x | 2.95x | CHF1.20 Billion |
| 2007 | 24.20% | 16.80% | 0.56x | 2.57x | CHF2.67 Billion |
| 2008 | 14.49% | 8.85% | 0.56x | 2.94x | CHF690.20 Million |
| 2009 | 10.29% | 9.27% | 0.43x | 2.59x | CHF54.70 Million |
| 2010 | 8.96% | 7.49% | 0.49x | 2.45x | CHF-189.10 Million |
| 2011 | 4.05% | 3.29% | 0.49x | 2.53x | CHF-1.00 Billion |
| 2012 | 3.67% | 2.89% | 0.52x | 2.44x | CHF-1.07 Billion |
| 2013 | 7.85% | 6.45% | 0.52x | 2.34x | CHF-348.50 Million |
| 2014 | 7.38% | 6.73% | 0.48x | 2.28x | CHF-456.00 Million |
| 2015 | -4.68% | -6.23% | 0.32x | 2.34x | CHF-4.61 Billion |
| 2016 | 5.81% | 6.66% | 0.39x | 2.26x | CHF-1.29 Billion |
| 2017 | -6.03% | -6.41% | 0.41x | 2.29x | CHF-4.45 Billion |
| 2018 | 5.58% | 5.47% | 0.46x | 2.22x | CHF-1.19 Billion |
| 2019 | 7.86% | 8.41% | 0.46x | 2.04x | CHF-610.60 Million |
| 2020 | 6.51% | 7.33% | 0.43x | 2.04x | CHF-910.10 Million |
| 2021 | 8.30% | 8.56% | 0.45x | 2.16x | CHF-470.50 Million |
| 2022 | 11.54% | 11.33% | 0.51x | 2.01x | CHF440.60 Million |
| 2023 | 11.77% | 11.33% | 0.51x | 2.03x | CHF460.30 Million |
| 2024 | 10.74% | 11.08% | 0.49x | 1.99x | CHF202.10 Million |
| 2025 | 2.52% | 2.46% | 0.47x | 2.19x | CHF-1.15 Billion |
Industry Comparison
This section compares Holcim AG's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $9,915,000,000
- Average return on equity (ROE) among peers: 12.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Holcim AG (HOLN) | CHF16.09 Billion | 7.70% | 1.09x | $34.33 Billion |
| Amerize Inc. (AMRZ) | $9.91 Billion | 12.85% | 1.40x | $25.10 Billion |
About Holcim AG
Holcim AG, together with its subsidiaries, provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa. It provides foundation, flooring, walling and roofing products, including cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roof… Read more