Zehnder
Zehnder Group AG, together with its subsidiaries, develops, manufactures, and sells indoor climate systems in Europe, North America, and China. It operates through two segments, Ventilation and Radiators. The company offers decorative radiators, heating and cooling ceiling systems, indoor ventilation systems, heat exchangers, and clean air systems. It operates under the Zehnder, Acova, Caladair, … Read more
Zehnder (ZEHN) - Net Assets
Latest net assets as of December 2025: CHF267.29 Million CHF
Based on the latest financial reports, Zehnder (ZEHN) has net assets worth CHF267.29 Million CHF as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF456.64 Million) and total liabilities (CHF189.35 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF267.29 Million |
| % of Total Assets | 58.53% |
| Annual Growth Rate | 2.74% |
| 5-Year Change | -26.65% |
| 10-Year Change | -4.64% |
| Growth Volatility | 11.81 |
Zehnder - Net Assets Trend (2002–2025)
This chart illustrates how Zehnder's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zehnder (2002–2025)
The table below shows the annual net assets of Zehnder from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF267.29 Million | +10.68% |
| 2024-12-31 | CHF241.50 Million | -30.48% |
| 2023-12-31 | CHF347.40 Million | +1.94% |
| 2022-12-31 | CHF340.80 Million | -6.48% |
| 2021-12-31 | CHF364.40 Million | +11.44% |
| 2020-12-31 | CHF327.00 Million | +7.92% |
| 2019-12-31 | CHF303.00 Million | +6.99% |
| 2018-12-31 | CHF283.20 Million | +4.42% |
| 2017-12-31 | CHF271.20 Million | -3.25% |
| 2016-12-31 | CHF280.30 Million | +4.16% |
| 2015-12-31 | CHF269.10 Million | -4.47% |
| 2014-12-31 | CHF281.70 Million | +10.25% |
| 2013-12-31 | CHF255.50 Million | +3.19% |
| 2012-12-31 | CHF247.60 Million | +3.30% |
| 2011-12-31 | CHF239.70 Million | +10.26% |
| 2010-12-31 | CHF217.40 Million | +19.45% |
| 2009-12-31 | CHF182.00 Million | +19.27% |
| 2008-12-31 | CHF152.60 Million | -24.19% |
| 2007-12-31 | CHF201.30 Million | -6.02% |
| 2006-12-31 | CHF214.20 Million | +5.52% |
| 2005-12-31 | CHF203.00 Million | +14.30% |
| 2004-12-31 | CHF177.60 Million | +11.91% |
| 2003-12-31 | CHF158.70 Million | +10.67% |
| 2002-12-31 | CHF143.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zehnder'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 1142.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF279.48 Million | 108.12% |
| Common Stock | CHF399.69K | 0.15% |
| Other Comprehensive Income | CHF-13.59 Million | -5.26% |
| Total Equity | CHF258.50 Million | 100.00% |
Zehnder Competitors by Market Cap
The table below lists competitors of Zehnder ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Public Education Inc
NASDAQ:APEI
|
$676.30 Million |
|
John B Sanfilippo & Son Inc
NASDAQ:JBSS
|
$676.66 Million |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
$677.04 Million |
|
Yipinhong Pharmaceutical Co Ltd Class A
SHE:300723
|
$677.42 Million |
|
Red 5 Ltd
AU:RED
|
$675.95 Million |
|
POLA Orbis Holdings Inc
F:8PO
|
$675.68 Million |
|
Bukit Asam Tbk PT
JK:PTBA
|
$675.57 Million |
|
Guomai Technologies Inc
SHE:002093
|
$675.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zehnder's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 232,300,000 to 258,497,918, a change of 26,197,918 (11.3%).
- Net income of 46,602,458 contributed positively to equity growth.
- Dividend payments of 11,877,083 reduced retained earnings.
- Share repurchases of 3,925,476 reduced equity.
- New share issuances of 1,800,000 increased equity.
- Other comprehensive income decreased equity by 13,389,376.
- Other factors increased equity by 6,987,395.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF46.60 Million | +18.03% |
| Dividends Paid | CHF11.88 Million | -4.59% |
| Share Repurchases | CHF3.93 Million | -1.52% |
| Share Issuances | CHF1.80 Million | +0.7% |
| Other Comprehensive Income | CHF-13.39 Million | -5.18% |
| Other Changes | CHF6.99 Million | +2.7% |
| Total Change | CHF- | 11.28% |
Book Value vs Market Value Analysis
This analysis compares Zehnder'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: 3.06x
- 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 5.83x to 3.06x 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 | CHF12.17 | CHF71.00 | x |
| 2003-12-31 | CHF13.05 | CHF71.00 | x |
| 2004-12-31 | CHF14.53 | CHF71.00 | x |
| 2005-12-31 | CHF19.95 | CHF71.00 | x |
| 2006-12-31 | CHF21.13 | CHF71.00 | x |
| 2007-12-31 | CHF19.82 | CHF71.00 | x |
| 2008-12-31 | CHF12.34 | CHF71.00 | x |
| 2009-12-31 | CHF17.81 | CHF71.00 | x |
| 2010-12-31 | CHF21.21 | CHF71.00 | x |
| 2011-12-31 | CHF19.44 | CHF71.00 | x |
| 2012-12-31 | CHF20.30 | CHF71.00 | x |
| 2013-12-31 | CHF20.82 | CHF71.00 | x |
| 2014-12-31 | CHF22.84 | CHF71.00 | x |
| 2015-12-31 | CHF21.84 | CHF71.00 | x |
| 2016-12-31 | CHF22.95 | CHF71.00 | x |
| 2017-12-31 | CHF22.40 | CHF71.00 | x |
| 2018-12-31 | CHF23.20 | CHF71.00 | x |
| 2019-12-31 | CHF24.79 | CHF71.00 | x |
| 2020-12-31 | CHF26.85 | CHF71.00 | x |
| 2021-12-31 | CHF29.80 | CHF71.00 | x |
| 2022-12-31 | CHF28.51 | CHF71.00 | x |
| 2023-12-31 | CHF29.83 | CHF71.00 | x |
| 2024-12-31 | CHF21.29 | CHF71.00 | x |
| 2025-12-31 | CHF23.23 | CHF71.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zehnder 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): 18.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.13%
- • Asset Turnover: 1.67x
- • Equity Multiplier: 1.77x
- Recent ROE (18.03%) is above the historical average (12.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 16.62% | 7.07% | 1.02x | 2.30x | CHF9.36 Million |
| 2003 | 18.20% | 7.89% | 1.09x | 2.12x | CHF12.89 Million |
| 2004 | 17.89% | 8.11% | 1.13x | 1.95x | CHF13.45 Million |
| 2005 | 14.39% | 7.29% | 1.07x | 1.84x | CHF8.54 Million |
| 2006 | 14.46% | 6.97% | 1.12x | 1.85x | CHF9.19 Million |
| 2007 | 13.50% | 5.71% | 1.22x | 1.93x | CHF6.76 Million |
| 2008 | 1.95% | 0.62% | 1.28x | 2.47x | CHF-11.54 Million |
| 2009 | 19.22% | 7.66% | 1.24x | 2.03x | CHF16.02 Million |
| 2010 | 18.46% | 8.03% | 1.26x | 1.83x | CHF17.51 Million |
| 2011 | 18.03% | 7.97% | 1.27x | 1.78x | CHF18.30 Million |
| 2012 | 11.38% | 5.17% | 1.29x | 1.71x | CHF3.29 Million |
| 2013 | 6.75% | 3.12% | 1.28x | 1.69x | CHF-7.93 Million |
| 2014 | 9.55% | 4.83% | 1.23x | 1.60x | CHF-1.20 Million |
| 2015 | 0.04% | 0.02% | 1.23x | 1.71x | CHF-25.31 Million |
| 2016 | 7.72% | 3.75% | 1.20x | 1.71x | CHF-5.99 Million |
| 2017 | 5.97% | 2.63% | 1.39x | 1.63x | CHF-10.39 Million |
| 2018 | 8.53% | 3.79% | 1.37x | 1.64x | CHF-3.95 Million |
| 2019 | 10.62% | 4.74% | 1.37x | 1.63x | CHF1.78 Million |
| 2020 | 12.46% | 6.29% | 1.24x | 1.60x | CHF7.67 Million |
| 2021 | 17.25% | 8.54% | 1.26x | 1.60x | CHF25.10 Million |
| 2022 | 17.15% | 6.80% | 1.53x | 1.65x | CHF23.09 Million |
| 2023 | 12.98% | 5.65% | 1.48x | 1.55x | CHF9.93 Million |
| 2024 | 0.73% | 0.24% | 1.48x | 2.05x | CHF-21.53 Million |
| 2025 | 18.03% | 6.13% | 1.67x | 1.77x | CHF20.75 Million |
Industry Comparison
This section compares Zehnder's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $249,074,500
- Average return on equity (ROE) among peers: -1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zehnder (ZEHN) | CHF267.29 Million | 16.62% | 0.71x | $676.09 Million |
| Arbonia AG (ARBN) | $592.65 Million | -3.80% | 1.27x | $248.51 Million |
| Dorma Kaba Holding AG (DOKA) | $-94.50 Million | 0.00% | 0.00x | $2.19 Billion |