Implenia AG (IMPN) - Net Assets
Based on the latest financial reports, Implenia AG (IMPN) has net assets worth CHF753.29 Million CHF (≈ $952.36 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 (CHF3.33 Billion ≈ $4.21 Billion USD) and total liabilities (CHF2.57 Billion ≈ $3.25 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. Explore Implenia AG (IMPN) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF753.29 Million |
| % of Total Assets | 22.64% |
| Annual Growth Rate | 8.72% |
| 5-Year Change | 117.77% |
| 10-Year Change | 13.19% |
| Growth Volatility | 24.48 |
Implenia AG - Net Assets Trend (2004–2025)
This chart illustrates how Implenia AG's net assets have evolved over time, based on quarterly financial data. Explore IMPN strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Implenia AG (2004–2025)
The table below shows the annual net assets of Implenia AG from 2004 to 2025. For live valuation and market cap data, see market cap of Implenia AG.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF753.29 Million ≈ $952.36 Million |
+14.71% |
| 2024-12-31 | CHF656.67 Million ≈ $830.21 Million |
+14.05% |
| 2023-12-31 | CHF575.77 Million ≈ $727.94 Million |
+19.29% |
| 2022-12-31 | CHF482.67 Million ≈ $610.23 Million |
+39.53% |
| 2021-12-31 | CHF345.92 Million ≈ $437.33 Million |
+14.15% |
| 2020-12-31 | CHF303.03 Million ≈ $383.11 Million |
-48.68% |
| 2019-12-31 | CHF590.47 Million ≈ $746.51 Million |
+0.90% |
| 2018-12-31 | CHF585.17 Million ≈ $739.82 Million |
-10.65% |
| 2017-12-31 | CHF654.91 Million ≈ $827.98 Million |
-1.59% |
| 2016-12-31 | CHF665.51 Million ≈ $841.38 Million |
+6.69% |
| 2015-12-31 | CHF623.78 Million ≈ $788.62 Million |
-0.95% |
| 2014-12-31 | CHF629.79 Million ≈ $796.22 Million |
+0.18% |
| 2013-12-31 | CHF628.69 Million ≈ $794.83 Million |
+4.89% |
| 2012-12-31 | CHF599.39 Million ≈ $757.79 Million |
+10.28% |
| 2011-12-31 | CHF543.53 Million ≈ $687.17 Million |
+9.70% |
| 2010-12-31 | CHF495.48 Million ≈ $626.43 Million |
+16.22% |
| 2009-12-31 | CHF426.34 Million ≈ $539.01 Million |
+0.29% |
| 2008-12-31 | CHF425.13 Million ≈ $537.48 Million |
+5.00% |
| 2007-12-31 | CHF404.89 Million ≈ $511.90 Million |
+9.57% |
| 2006-12-31 | CHF369.52 Million ≈ $467.17 Million |
+78.89% |
| 2005-12-31 | CHF206.56 Million ≈ $261.15 Million |
+58.75% |
| 2004-12-31 | CHF130.12 Million ≈ $164.51 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Implenia 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 2772.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF717.54 Million | 95.84% |
| Common Stock | CHF18.84 Million | 2.52% |
| Other Comprehensive Income | CHF12.70 Million | 1.70% |
| Total Equity | CHF748.68 Million | 100.00% |
Implenia AG Competitors by Market Cap
The table below lists competitors of Implenia AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
$1.19 Billion |
|
Norconsult ASA
OL:NORCO
|
$1.19 Billion |
|
Adtran Networks SE
F:ADV
|
$1.19 Billion |
|
Hunan Er Kang Pharmaceutical
SHE:300267
|
$1.19 Billion |
|
FGV Holdings Bhd
KLSE:5222
|
$1.19 Billion |
|
Shaanxi Zhongtian Rocket Technology
SHE:003009
|
$1.19 Billion |
|
Nationwide Building Society
LSE:NBS
|
$1.19 Billion |
|
Elemental Royalties Corp
V:ELE
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Implenia AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 652,315,000 to 748,678,000, a change of 96,363,000 (14.8%).
- Net income of 83,638,000 contributed positively to equity growth.
- Dividend payments of 16,184,999 reduced retained earnings.
- Share repurchases of 18,680,000 reduced equity.
- New share issuances of 19,818,000 increased equity.
- Other comprehensive income decreased equity by 9,587,001.
- Other factors increased equity by 37,359,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF83.64 Million | +11.17% |
| Dividends Paid | CHF16.18 Million | -2.16% |
| Share Repurchases | CHF18.68 Million | -2.5% |
| Share Issuances | CHF19.82 Million | +2.65% |
| Other Comprehensive Income | CHF-9.59 Million | -1.28% |
| Other Changes | CHF37.36 Million | +4.99% |
| Total Change | CHF- | 14.77% |
Book Value vs Market Value Analysis
This analysis compares Implenia 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: 1.53x
- 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 8.61x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CHF7.22 | CHF62.20 | x |
| 2005-12-31 | CHF11.40 | CHF62.20 | x |
| 2006-12-31 | CHF21.48 | CHF62.20 | x |
| 2007-12-31 | CHF21.77 | CHF62.20 | x |
| 2008-12-31 | CHF23.21 | CHF62.20 | x |
| 2009-12-31 | CHF23.74 | CHF62.20 | x |
| 2010-12-31 | CHF27.35 | CHF62.20 | x |
| 2011-12-31 | CHF29.23 | CHF62.20 | x |
| 2012-12-31 | CHF32.06 | CHF62.20 | x |
| 2013-12-31 | CHF32.95 | CHF62.20 | x |
| 2014-12-31 | CHF33.57 | CHF62.20 | x |
| 2015-12-31 | CHF31.10 | CHF62.20 | x |
| 2016-12-31 | CHF31.26 | CHF62.20 | x |
| 2017-12-31 | CHF30.68 | CHF62.20 | x |
| 2018-12-31 | CHF27.14 | CHF62.20 | x |
| 2019-12-31 | CHF27.11 | CHF62.20 | x |
| 2020-12-31 | CHF15.10 | CHF62.20 | x |
| 2021-12-31 | CHF15.83 | CHF62.20 | x |
| 2022-12-31 | CHF25.43 | CHF62.20 | x |
| 2023-12-31 | CHF30.53 | CHF62.20 | x |
| 2024-12-31 | CHF35.35 | CHF62.20 | x |
| 2025-12-31 | CHF40.52 | CHF62.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Implenia 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): 11.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.41%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 4.44x
- Recent ROE (11.17%) is above the historical average (7.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.97% | 1.17% | 1.57x | 4.32x | CHF-2.65 Million |
| 2005 | 12.27% | 1.85% | 1.96x | 3.38x | CHF4.66 Million |
| 2006 | 1.44% | 0.23% | 1.82x | 3.52x | CHF-31.26 Million |
| 2007 | 6.46% | 1.07% | 1.77x | 3.39x | CHF-14.01 Million |
| 2008 | 9.85% | 1.80% | 1.71x | 3.21x | CHF-639.80K |
| 2009 | 11.04% | 2.06% | 1.65x | 3.24x | CHF4.42 Million |
| 2010 | 10.53% | 2.15% | 1.42x | 3.43x | CHF2.57 Million |
| 2011 | 11.31% | 2.39% | 1.34x | 3.54x | CHF6.98 Million |
| 2012 | 11.77% | 2.56% | 1.34x | 3.42x | CHF10.39 Million |
| 2013 | 12.48% | 2.46% | 1.39x | 3.64x | CHF14.93 Million |
| 2014 | 11.24% | 2.37% | 1.24x | 3.83x | CHF7.65 Million |
| 2015 | 7.99% | 1.47% | 1.21x | 4.50x | CHF-12.14 Million |
| 2016 | 9.28% | 1.83% | 1.24x | 4.08x | CHF-4.66 Million |
| 2017 | 5.65% | 0.93% | 1.33x | 4.58x | CHF-27.54 Million |
| 2018 | -0.90% | -0.12% | 1.53x | 5.11x | CHF-61.09 Million |
| 2019 | 5.27% | 0.67% | 1.44x | 5.48x | CHF-26.62 Million |
| 2020 | -48.32% | -3.38% | 1.36x | 10.56x | CHF-162.58 Million |
| 2021 | 18.31% | 1.62% | 1.26x | 8.95x | CHF27.76 Million |
| 2022 | 22.00% | 2.96% | 1.29x | 5.78x | CHF57.13 Million |
| 2023 | 24.80% | 3.92% | 1.24x | 5.11x | CHF84.13 Million |
| 2024 | 14.16% | 2.60% | 1.15x | 4.75x | CHF27.13 Million |
| 2025 | 11.17% | 2.41% | 1.04x | 4.44x | CHF8.77 Million |
Industry Comparison
This section compares Implenia AG's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $139,381,000
- Average return on equity (ROE) among peers: 44.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Implenia AG (IMPN) | CHF753.29 Million | 7.97% | 3.42x | $1.19 Billion |
| Burkhalter Holding AG (BRKN) | $139.38 Million | 44.01% | 2.33x | $1.92 Billion |
About Implenia AG
Implenia AG provides construction and real estate services in Switzerland, Germany, Austria, Norway, Sweden, France, and internationally. It operates through Buildings; Civil Engineering; and Service Solutions segments. The company engages in tunnel construction; civil engineering; structural engineering; foundation engineering; structural design; building preservation; and depots. It also engage… Read more