Sika AG (SIKA) - Net Assets
Based on the latest financial reports, Sika AG (SIKA) has net assets worth CHF6.19 Billion CHF (≈ $7.82 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF15.39 Billion ≈ $19.46 Billion USD) and total liabilities (CHF9.21 Billion ≈ $11.64 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. Also explore Sika AG (SIKA) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF6.19 Billion |
| % of Total Assets | 40.19% |
| Annual Growth Rate | 10.43% |
| 5-Year Change | 114.32% |
| 10-Year Change | 176.12% |
| Growth Volatility | 22.2 |
Sika AG - Net Assets Trend (2002–2024)
This chart illustrates how Sika AG's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Sika AG (SIKA) market capitalisation.
Annual Net Assets for Sika AG (2002–2024)
The table below shows the annual net assets of Sika AG from 2002 to 2024. Explore Sika AG (SIKA) cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CHF7.05 Billion ≈ $8.91 Billion |
+18.77% |
| 2023-12-31 | CHF5.93 Billion ≈ $7.50 Billion |
+19.45% |
| 2022-12-31 | CHF4.97 Billion ≈ $6.28 Billion |
+12.99% |
| 2021-12-31 | CHF4.40 Billion ≈ $5.56 Billion |
+33.70% |
| 2020-12-31 | CHF3.29 Billion ≈ $4.16 Billion |
+4.01% |
| 2019-12-31 | CHF3.16 Billion ≈ $4.00 Billion |
+88.71% |
| 2018-12-31 | CHF1.68 Billion ≈ $2.12 Billion |
-50.89% |
| 2017-12-31 | CHF3.41 Billion ≈ $4.31 Billion |
+15.72% |
| 2016-12-31 | CHF2.95 Billion ≈ $3.73 Billion |
+15.50% |
| 2015-12-31 | CHF2.55 Billion ≈ $3.23 Billion |
+7.08% |
| 2014-12-31 | CHF2.38 Billion ≈ $3.01 Billion |
+11.57% |
| 2013-12-31 | CHF2.14 Billion ≈ $2.70 Billion |
+6.42% |
| 2012-12-31 | CHF2.01 Billion ≈ $2.54 Billion |
+9.15% |
| 2011-12-31 | CHF1.84 Billion ≈ $2.33 Billion |
+4.96% |
| 2010-12-31 | CHF1.75 Billion ≈ $2.22 Billion |
+9.99% |
| 2009-12-31 | CHF1.59 Billion ≈ $2.01 Billion |
+8.76% |
| 2008-12-31 | CHF1.46 Billion ≈ $1.85 Billion |
-0.46% |
| 2007-12-31 | CHF1.47 Billion ≈ $1.86 Billion |
+15.50% |
| 2006-12-31 | CHF1.27 Billion ≈ $1.61 Billion |
+16.24% |
| 2005-12-31 | CHF1.10 Billion ≈ $1.39 Billion |
+16.32% |
| 2004-12-31 | CHF942.20 Million ≈ $1.19 Billion |
+10.06% |
| 2003-12-31 | CHF856.10 Million ≈ $1.08 Billion |
+7.78% |
| 2002-12-31 | CHF794.30 Million ≈ $1.00 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Sika 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 980.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF5.89 Billion | 83.71% |
| Common Stock | CHF1.60 Million | 0.02% |
| Other Comprehensive Income | CHF-1.73 Billion | -24.53% |
| Other Components | CHF2.87 Billion | 40.80% |
| Total Equity | CHF7.03 Billion | 100.00% |
Sika AG Competitors by Market Cap
The table below lists competitors of Sika AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cincinnati Financial Corporation
NASDAQ:CINF
|
$25.42 Billion |
|
Inner Mongolia Yili Industrial Group Co Ltd
SHG:600887
|
$25.42 Billion |
|
Ares Management LP
NYSE:ARES
|
$25.46 Billion |
|
Dollar General Corporation
NYSE:DG
|
$25.51 Billion |
|
ORSTED UNSP.ADR 1/3 DK 10
F:D2G1
|
$25.36 Billion |
|
Cognizant Technology Solutions Corp Class A
NASDAQ:CTSH
|
$25.34 Billion |
|
STMicroelectronics N.V
XETRA:SGM
|
$25.33 Billion |
|
Hydro One Ltd
TO:H
|
$25.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sika AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,920,400,000 to 7,032,800,000, a change of 1,112,400,000 (18.8%).
- Net income of 1,245,500,000 contributed positively to equity growth.
- Dividend payments of 264,700,000 reduced retained earnings.
- Share repurchases of 41,400,000 reduced equity.
- New share issuances of 34,700,000 increased equity.
- Other comprehensive income increased equity by 313,100,000.
- Other factors decreased equity by 174,800,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF1.25 Billion | +17.71% |
| Dividends Paid | CHF264.70 Million | -3.76% |
| Share Repurchases | CHF41.40 Million | -0.59% |
| Share Issuances | CHF34.70 Million | +0.49% |
| Other Comprehensive Income | CHF313.10 Million | +4.45% |
| Other Changes | CHF-174.80 Million | -2.49% |
| Total Change | CHF- | 18.79% |
Book Value vs Market Value Analysis
This analysis compares Sika 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: 3.28x
- 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 decreased from 27.10x to 3.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CHF5.30 | CHF143.70 | x |
| 2003-12-31 | CHF5.60 | CHF143.70 | x |
| 2004-12-31 | CHF6.19 | CHF143.70 | x |
| 2005-12-31 | CHF7.13 | CHF143.70 | x |
| 2006-12-31 | CHF8.30 | CHF143.70 | x |
| 2007-12-31 | CHF9.71 | CHF143.70 | x |
| 2008-12-31 | CHF9.78 | CHF143.70 | x |
| 2009-12-31 | CHF10.67 | CHF143.70 | x |
| 2010-12-31 | CHF11.68 | CHF143.70 | x |
| 2011-12-31 | CHF12.14 | CHF143.70 | x |
| 2012-12-31 | CHF13.19 | CHF143.70 | x |
| 2013-12-31 | CHF13.97 | CHF143.70 | x |
| 2014-12-31 | CHF15.56 | CHF143.70 | x |
| 2015-12-31 | CHF16.62 | CHF143.70 | x |
| 2016-12-31 | CHF19.20 | CHF143.70 | x |
| 2017-12-31 | CHF22.22 | CHF143.70 | x |
| 2018-12-31 | CHF10.94 | CHF143.70 | x |
| 2019-12-31 | CHF19.68 | CHF143.70 | x |
| 2020-12-31 | CHF20.53 | CHF143.70 | x |
| 2021-12-31 | CHF27.41 | CHF143.70 | x |
| 2022-12-31 | CHF30.94 | CHF143.70 | x |
| 2023-12-31 | CHF36.88 | CHF143.70 | x |
| 2024-12-31 | CHF43.84 | CHF143.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sika 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): 17.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.59%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.27x
- Recent ROE (17.71%) is below the historical average (18.73%), 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 | 9.93% | 3.71% | 1.22x | 2.19x | CHF-530.00K |
| 2003 | 11.07% | 4.10% | 1.31x | 2.06x | CHF9.01 Million |
| 2004 | 12.88% | 4.71% | 1.51x | 1.81x | CHF26.95 Million |
| 2005 | 14.26% | 5.30% | 1.12x | 2.40x | CHF46.26 Million |
| 2006 | 18.35% | 5.94% | 1.27x | 2.42x | CHF105.55 Million |
| 2007 | 23.53% | 7.55% | 1.38x | 2.25x | CHF198.80 Million |
| 2008 | 18.24% | 5.76% | 1.44x | 2.20x | CHF120.49 Million |
| 2009 | 14.22% | 5.43% | 1.15x | 2.29x | CHF67.07 Million |
| 2010 | 17.78% | 7.03% | 1.12x | 2.25x | CHF135.95 Million |
| 2011 | 11.68% | 4.67% | 1.19x | 2.10x | CHF30.69 Million |
| 2012 | 14.03% | 5.79% | 1.13x | 2.14x | CHF80.25 Million |
| 2013 | 16.14% | 6.65% | 1.09x | 2.23x | CHF130.19 Million |
| 2014 | 18.55% | 7.88% | 1.16x | 2.04x | CHF202.29 Million |
| 2015 | 18.19% | 8.39% | 1.11x | 1.95x | CHF207.22 Million |
| 2016 | 19.26% | 9.80% | 1.13x | 1.74x | CHF270.67 Million |
| 2017 | 19.01% | 10.30% | 1.08x | 1.71x | CHF305.03 Million |
| 2018 | 41.50% | 9.64% | 1.11x | 3.88x | CHF518.33 Million |
| 2019 | 24.07% | 9.27% | 0.81x | 3.19x | CHF439.49 Million |
| 2020 | 25.09% | 10.47% | 0.79x | 3.03x | CHF495.92 Million |
| 2021 | 23.85% | 11.33% | 0.85x | 2.48x | CHF608.52 Million |
| 2022 | 23.41% | 11.08% | 0.91x | 2.31x | CHF665.88 Million |
| 2023 | 17.94% | 9.45% | 0.75x | 2.54x | CHF469.96 Million |
| 2024 | 17.71% | 10.59% | 0.74x | 2.27x | CHF542.22 Million |
Industry Comparison
This section compares Sika AG's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,057,837,000
- Average return on equity (ROE) among peers: 19.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sika AG (SIKA) | CHF6.19 Billion | 9.93% | 1.49x | $25.37 Billion |
| Clariant AG (CLN) | $2.38 Billion | 4.87% | 1.91x | $2.41 Billion |
| EMS-CHEMIE HOLDING AG (EMSN) | $1.11 Billion | 20.90% | 0.50x | $14.92 Billion |
| Givaudan SA (GIVN) | $4.57 Billion | 23.45% | 1.60x | $25.74 Billion |
| Gurit Holding AG (GURN) | $171.98 Million | 27.28% | 1.19x | $119.06 Million |
About Sika AG
Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers various admixtures and additives for concrete, cement, and mortar production; flat roofing systems, including both flexible sheet and liquid-applied membranes under the … Read more