VZ Holding AG (VZN) - Net Assets
Based on the latest financial reports, VZ Holding AG (VZN) has net assets worth CHF1.18 Billion CHF (≈ $1.50 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 (CHF8.27 Billion ≈ $10.46 Billion USD) and total liabilities (CHF7.09 Billion ≈ $8.96 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 VZN cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF1.18 Billion |
| % of Total Assets | 14.3% |
| Annual Growth Rate | 15.27% |
| 5-Year Change | 69.07% |
| 10-Year Change | 181.61% |
| Growth Volatility | 4.82 |
VZ Holding AG - Net Assets Trend (2007–2025)
This chart illustrates how VZ Holding AG's net assets have evolved over time, based on quarterly financial data. Explore VZ Holding AG strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for VZ Holding AG (2007–2025)
The table below shows the annual net assets of VZ Holding AG from 2007 to 2025. For live valuation and market cap data, see how much is VZ Holding AG worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF1.18 Billion ≈ $1.50 Billion |
+11.43% |
| 2024-12-31 | CHF1.06 Billion ≈ $1.34 Billion |
+14.63% |
| 2023-12-31 | CHF926.12 Million ≈ $1.17 Billion |
+20.12% |
| 2022-12-31 | CHF770.96 Million ≈ $974.71 Million |
+10.19% |
| 2021-12-31 | CHF699.68 Million ≈ $884.59 Million |
+13.46% |
| 2020-12-31 | CHF616.66 Million ≈ $779.62 Million |
+12.17% |
| 2019-12-31 | CHF549.77 Million ≈ $695.06 Million |
+7.32% |
| 2018-12-31 | CHF512.27 Million ≈ $647.64 Million |
+11.49% |
| 2017-12-31 | CHF459.47 Million ≈ $580.89 Million |
+9.38% |
| 2016-12-31 | CHF420.06 Million ≈ $531.06 Million |
+11.37% |
| 2015-12-31 | CHF377.17 Million ≈ $476.85 Million |
+18.28% |
| 2014-12-31 | CHF318.88 Million ≈ $403.16 Million |
+14.72% |
| 2013-12-31 | CHF277.97 Million ≈ $351.42 Million |
+18.28% |
| 2012-12-31 | CHF235.00 Million ≈ $297.10 Million |
+17.10% |
| 2011-12-31 | CHF200.69 Million ≈ $253.72 Million |
+19.68% |
| 2010-12-31 | CHF167.68 Million ≈ $212.00 Million |
+25.80% |
| 2009-12-31 | CHF133.29 Million ≈ $168.52 Million |
+19.41% |
| 2008-12-31 | CHF111.62 Million ≈ $141.12 Million |
+21.87% |
| 2007-12-31 | CHF91.59 Million ≈ $115.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VZ Holding 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 1333.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF1.24 Billion | 105.26% |
| Common Stock | CHF2.00 Million | 0.17% |
| Other Comprehensive Income | CHF8.59 Million | 0.73% |
| Total Equity | CHF1.18 Billion | 100.00% |
VZ Holding AG Competitors by Market Cap
The table below lists competitors of VZ Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Friendship Group Co Ltd
SHE:000987
|
$5.90 Billion |
|
Renk Group AG
XETRA:R3NK
|
$5.90 Billion |
|
SHISEIDO CO. ADR
F:SHDA
|
$5.90 Billion |
|
Eregli Demir ve Celik Fabrikalari TAS
IS:EREGL
|
$5.90 Billion |
|
Bezeq Israeli Telecommunication Corp Ltd
TA:BEZQ
|
$5.89 Billion |
|
OUTSURANCE GROUP LTD
JSE:OUT
|
$5.89 Billion |
|
Granite Construction Incorporated
NYSE:GVA
|
$5.89 Billion |
|
SBM Offshore N.V.
AS:SBMO
|
$5.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VZ Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,054,476,000 to 1,175,962,000, a change of 121,486,000 (11.5%).
- Net income of 236,438,000 contributed positively to equity growth.
- Dividend payments of 107,641,000 reduced retained earnings.
- Share repurchases of 26,916,000 reduced equity.
- New share issuances of 15,490,000 increased equity.
- Other comprehensive income decreased equity by 3,571,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF236.44 Million | +20.11% |
| Dividends Paid | CHF107.64 Million | -9.15% |
| Share Repurchases | CHF26.92 Million | -2.29% |
| Share Issuances | CHF15.49 Million | +1.32% |
| Other Comprehensive Income | CHF-3.57 Million | -0.3% |
| Other Changes | CHF7.69 Million | +0.65% |
| Total Change | CHF- | 11.52% |
Book Value vs Market Value Analysis
This analysis compares VZ Holding 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: 5.05x
- 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 64.89x to 5.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CHF2.29 | CHF148.60 | x |
| 2008-12-31 | CHF2.78 | CHF148.60 | x |
| 2009-12-31 | CHF3.37 | CHF148.60 | x |
| 2010-12-31 | CHF4.24 | CHF148.60 | x |
| 2011-12-31 | CHF5.06 | CHF148.60 | x |
| 2012-12-31 | CHF5.96 | CHF148.60 | x |
| 2013-12-31 | CHF7.03 | CHF148.60 | x |
| 2014-12-31 | CHF8.05 | CHF148.60 | x |
| 2015-12-31 | CHF9.45 | CHF148.60 | x |
| 2016-12-31 | CHF10.49 | CHF148.60 | x |
| 2017-12-31 | CHF11.52 | CHF148.60 | x |
| 2018-12-31 | CHF12.89 | CHF148.60 | x |
| 2019-12-31 | CHF13.94 | CHF148.60 | x |
| 2020-12-31 | CHF15.69 | CHF148.60 | x |
| 2021-12-31 | CHF17.64 | CHF148.60 | x |
| 2022-12-31 | CHF19.43 | CHF148.60 | x |
| 2023-12-31 | CHF23.33 | CHF148.60 | x |
| 2024-12-31 | CHF26.65 | CHF148.60 | x |
| 2025-12-31 | CHF29.40 | CHF148.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VZ Holding 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): 20.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.67%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 7.03x
- Recent ROE (20.11%) is below the historical average (22.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 33.39% | 32.39% | 0.17x | 5.99x | CHF21.43 Million |
| 2008 | 30.77% | 33.08% | 0.13x | 6.91x | CHF23.18 Million |
| 2009 | 28.22% | 34.16% | 0.13x | 6.57x | CHF24.28 Million |
| 2010 | 29.42% | 37.13% | 0.16x | 5.01x | CHF32.57 Million |
| 2011 | 25.42% | 35.56% | 0.14x | 5.27x | CHF30.94 Million |
| 2012 | 23.12% | 34.88% | 0.15x | 4.42x | CHF30.81 Million |
| 2013 | 21.60% | 35.07% | 0.12x | 5.26x | CHF32.22 Million |
| 2014 | 22.10% | 35.76% | 0.10x | 6.05x | CHF38.55 Million |
| 2015 | 22.36% | 37.31% | 0.11x | 5.33x | CHF46.58 Million |
| 2016 | 20.03% | 35.72% | 0.10x | 5.80x | CHF42.10 Million |
| 2017 | 18.89% | 32.93% | 0.10x | 5.89x | CHF40.83 Million |
| 2018 | 19.17% | 33.94% | 0.09x | 6.03x | CHF46.93 Million |
| 2019 | 18.59% | 33.09% | 0.08x | 7.38x | CHF47.21 Million |
| 2020 | 19.03% | 35.30% | 0.07x | 8.07x | CHF55.63 Million |
| 2021 | 20.50% | 36.38% | 0.07x | 8.30x | CHF73.03 Million |
| 2022 | 19.80% | 35.92% | 0.07x | 7.79x | CHF74.79 Million |
| 2023 | 20.34% | 36.13% | 0.08x | 7.11x | CHF95.03 Million |
| 2024 | 20.70% | 38.45% | 0.08x | 7.10x | CHF112.78 Million |
| 2025 | 20.11% | 37.67% | 0.08x | 7.03x | CHF118.84 Million |
Industry Comparison
This section compares VZ Holding AG's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,382,046,881
- Average return on equity (ROE) among peers: 8.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VZ Holding AG (VZN) | CHF1.18 Billion | 33.39% | 5.99x | $5.89 Billion |
| Alpine Select AG (ALPN) | $110.78 Million | -27.06% | 0.03x | $77.89 Million |
| Julius Baer Gruppe AG (BAER) | $6.43 Billion | 10.85% | 15.96x | $12.36 Billion |
| Bellevue Group AG (BBN) | $165.82 Million | 13.45% | 0.42x | $128.20 Million |
| GAM Holding AG (GAM) | $478.50 Million | -4.87% | 0.58x | $85.14 Million |
| HBM Healthcare Investments (HBMN) | $1.10 Billion | 12.48% | 0.09x | $1.53 Billion |
| Leonteq AG (LEON) | $607.66 Million | 15.06% | 16.59x | $273.70 Million |
| Nebag ag (NBEN) | $72.36 Million | -3.98% | 0.01x | $55.67 Million |
| Private Equity Holding AG (PEHN) | $210.59 Million | 9.57% | 0.01x | $152.33 Million |
| Partners Group Holding AG (PGHN) | $2.41 Billion | 46.71% | 1.35x | $24.50 Billion |
| Vontobel Holding (VONN) | $2.23 Billion | 11.93% | 13.73x | $3.70 Billion |
About VZ Holding AG
VZ Holding AG, together with its subsidiaries, provides financial services in Switzerland, Germany, and England. The company offers retirement planning, estate planning, real estate pension scheme, tax advice, and corporate succession services; portfolio management, invest with ETFs, securities account consultancy, securities custody account, and securities portfolio check services; and estate co… Read more