Voestalpine AG (VOE) - Net Assets

Latest as of December 2025: €7.61 Billion EUR ≈ $8.90 Billion USD

Based on the latest financial reports, Voestalpine AG (VOE) has net assets worth €7.61 Billion EUR (≈ $8.90 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 (€15.22 Billion ≈ $17.79 Billion USD) and total liabilities (€7.61 Billion ≈ $8.89 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 how large is Voestalpine AG's balance sheet for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€7.61 Billion
% of Total Assets	50.02%
Annual Growth Rate	3.14%
5-Year Change	32.12%
10-Year Change	N/A
Growth Volatility	10.45

Voestalpine AG - Net Assets Trend (2016–2025)

This chart illustrates how Voestalpine AG's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see VOE market cap.

Annual Net Assets for Voestalpine AG (2016–2025)

The table below shows the annual net assets of Voestalpine AG from 2016 to 2025. Explore Voestalpine AG cash conversion from operations to assess how effectively this company generates cash.

Year	Net Assets	Change
2025-03-31	€7.46 Billion ≈ $8.73 Billion	-0.47%
2024-03-31	€7.50 Billion ≈ $8.77 Billion	-2.43%
2023-03-31	€7.69 Billion ≈ $8.99 Billion	+8.73%
2022-03-31	€7.07 Billion ≈ $8.26 Billion	+25.12%
2021-03-31	€5.65 Billion ≈ $6.61 Billion	+0.62%
2020-03-31	€5.61 Billion ≈ $6.56 Billion	-16.32%
2019-03-31	€6.71 Billion ≈ $7.84 Billion	+2.37%
2018-03-31	€6.55 Billion ≈ $7.66 Billion	+8.15%
2017-03-31	€6.06 Billion ≈ $7.09 Billion	+7.23%
2016-03-31	€5.65 Billion ≈ $6.61 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Voestalpine 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 60.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	€6.66 Billion	92.18%
Other Components	€565.20 Million	7.82%
Total Equity	€7.22 Billion	100.00%

Voestalpine AG Competitors by Market Cap

The table below lists competitors of Voestalpine AG ranked by their market capitalization.

Company	Market Cap
China Natl Chem Engineering Co SHG:601117	$7.68 Billion
MITSU.CH.GRP ADR/5 F:M3C0	$7.69 Billion
LandMark Optoelectronics TWO:3081	$7.70 Billion
VinFast Auto Ltd. Ordinary Shares NASDAQ:VFS	$7.70 Billion
SHIMANO INC. UNSP.ADR/10 F:SHM1	$7.68 Billion
Industrial Securities Co Ltd SHG:601377	$7.67 Billion
Commerce Bancshares Inc NASDAQ:CBSH	$7.67 Billion
Shenzhen Kedali Industry Co Ltd SHE:002850	$7.66 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Voestalpine AG's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,188,400,000 to 7,224,800,000, a change of 36,400,000 (0.5%).
Net income of 153,500,000 contributed positively to equity growth.
Dividend payments of 120,000,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€153.50 Million	+2.12%
Dividends Paid	€120.00 Million	-1.66%
Other Changes	€2.90 Million	+0.04%
Total Change	€-	0.51%

Book Value vs Market Value Analysis

This analysis compares Voestalpine 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: 1.04x
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 1.31x to 1.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	€33.42	€43.90	x
2018-03-31	€36.22	€43.90	x
2019-03-31	€36.66	€43.90	x
2020-03-31	€30.69	€43.90	x
2021-03-31	€30.95	€43.90	x
2022-03-31	€38.73	€43.90	x
2023-03-31	€43.13	€43.90	x
2024-03-31	€41.93	€43.90	x
2025-03-31	€42.14	€43.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Voestalpine 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): 2.12%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.97%
• Asset Turnover: 1.00x
• Equity Multiplier: 2.18x
Recent ROE (2.12%) is below the historical average (7.27%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	11.11%	5.49%	0.79x	2.56x	€60.66 Million
2017	8.81%	4.60%	0.77x	2.50x	€-69.91 Million
2018	12.49%	6.18%	0.83x	2.42x	€159.13 Million
2019	6.70%	3.23%	0.87x	2.39x	€-215.90 Million
2020	-3.81%	-1.64%	0.85x	2.73x	€-756.62 Million
2021	0.76%	0.37%	0.76x	2.70x	€-510.36 Million
2022	18.79%	8.71%	0.88x	2.46x	€608.13 Million
2023	14.30%	5.84%	1.07x	2.29x	€320.01 Million
2024	1.40%	0.60%	1.01x	2.30x	€-618.04 Million
2025	2.12%	0.97%	1.00x	2.18x	€-568.98 Million

Industry Comparison

This section compares Voestalpine AG's net assets metrics with peer companies in the Steel industry.

No peer company data available for comparison.

About Voestalpine AG

VI:VOE Austria Steel

Market Cap

$8.80 Billion

€7.53 Billion EUR

Market Cap Rank

#2691 Global

#8 in Austria

Share Price

€43.90

Change (1 day)

+1.43%

52-Week Range

€22.14 - €49.02

All Time High

€49.02