Befesa SA
Befesa S.A. offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets. It operates in two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless,… Read more
Befesa SA (BFSA) - Net Assets
Latest net assets as of September 2025: €830.11 Million EUR
Based on the latest financial reports, Befesa SA (BFSA) has net assets worth €830.11 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.87 Billion) and total liabilities (€1.04 Billion). 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 | €830.11 Million |
| % of Total Assets | 44.3% |
| Annual Growth Rate | 12.08% |
| 5-Year Change | 158.18% |
| 10-Year Change | 226.21% |
| Growth Volatility | 38.34 |
Befesa SA - Net Assets Trend (2013–2024)
This chart illustrates how Befesa SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Befesa SA (2013–2024)
The table below shows the annual net assets of Befesa SA from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €845.74 Million | -3.60% |
| 2023-12-31 | €877.36 Million | +7.09% |
| 2022-12-31 | €819.25 Million | +29.72% |
| 2021-12-31 | €631.55 Million | +92.79% |
| 2020-12-31 | €327.58 Million | -9.06% |
| 2019-12-31 | €360.22 Million | +5.13% |
| 2018-12-31 | €342.63 Million | +90.64% |
| 2017-12-31 | €179.73 Million | +13.62% |
| 2016-12-31 | €158.19 Million | -38.99% |
| 2015-12-31 | €259.26 Million | +4.51% |
| 2014-12-31 | €248.08 Million | +2.81% |
| 2013-12-31 | €241.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Befesa SA'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 19222700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €183.07 Million | 22.05% |
| Common Stock | €111.05 Million | 13.38% |
| Other Comprehensive Income | €3.23 Million | 0.39% |
| Other Components | €532.87 Million | 64.18% |
| Total Equity | €830.22 Million | 100.00% |
Befesa SA Competitors by Market Cap
The table below lists competitors of Befesa SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TRIUMPH FINANCIAL DL-01
F:2THA
|
$1.07 Billion |
|
PT Gudang Garam Tbk
PINK:GDNGY
|
$1.07 Billion |
|
SPIC Dongfang New Energy Corp
SHE:000958
|
$1.07 Billion |
|
IOI Properties Group Bhd
KLSE:5249
|
$1.07 Billion |
|
Genius Sports Ltd
NYSE:GENI
|
$1.07 Billion |
|
Trevi Therapeutics Inc
NASDAQ:TRVI
|
$1.07 Billion |
|
VisEra Technologies Co. Ltd.
TW:6789
|
$1.07 Billion |
|
Guangdong Topstar Technology Co Ltd
SHE:300607
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Befesa SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 823,527,000 to 830,219,000, a change of 6,692,000 (0.8%).
- Net income of 50,820,000 contributed positively to equity growth.
- Dividend payments of 29,200,000 reduced retained earnings.
- Other comprehensive income decreased equity by 21,920,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €50.82 Million | +6.12% |
| Dividends Paid | €29.20 Million | -3.52% |
| Other Comprehensive Income | €-21.92 Million | -2.64% |
| Other Changes | €6.99 Million | +0.84% |
| Total Change | €- | 0.81% |
Book Value vs Market Value Analysis
This analysis compares Befesa SA'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: 1.41x
- 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 4.48x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €6.51 | €29.18 | x |
| 2014-12-31 | €6.76 | €29.18 | x |
| 2015-12-31 | €7.11 | €29.18 | x |
| 2016-12-31 | €4.38 | €29.18 | x |
| 2017-12-31 | €6.76 | €29.18 | x |
| 2018-12-31 | €9.78 | €29.18 | x |
| 2019-12-31 | €10.17 | €29.18 | x |
| 2020-12-31 | €9.31 | €29.18 | x |
| 2021-12-31 | €16.70 | €29.18 | x |
| 2022-12-31 | €20.13 | €29.18 | x |
| 2023-12-31 | €20.59 | €29.18 | x |
| 2024-12-31 | €20.76 | €29.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Befesa SA 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): 6.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.10%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.38x
- Recent ROE (6.12%) is below the historical average (7.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -4.12% | -2.94% | 0.26x | 5.41x | €-31.35 Million |
| 2014 | 7.98% | 2.82% | 0.55x | 5.18x | €-4.66 Million |
| 2015 | -14.61% | -5.35% | 0.58x | 4.72x | €-59.63 Million |
| 2016 | -35.45% | -8.65% | 0.59x | 6.89x | €-67.84 Million |
| 2017 | 29.12% | 6.80% | 0.72x | 5.97x | €32.34 Million |
| 2018 | 27.07% | 12.52% | 0.66x | 3.26x | €56.87 Million |
| 2019 | 23.88% | 12.77% | 0.58x | 3.22x | €48.07 Million |
| 2020 | 15.00% | 7.88% | 0.55x | 3.47x | €15.88 Million |
| 2021 | 16.01% | 12.14% | 0.46x | 2.88x | €37.46 Million |
| 2022 | 13.19% | 9.35% | 0.57x | 2.46x | €25.71 Million |
| 2023 | 7.04% | 4.91% | 0.61x | 2.36x | €-24.38 Million |
| 2024 | 6.12% | 4.10% | 0.63x | 2.38x | €-32.20 Million |
Industry Comparison
This section compares Befesa SA's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $5,176,202,375
- Average return on equity (ROE) among peers: 1.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Befesa SA (BFSA) | €830.11 Million | -4.12% | 1.26x | $1.07 Billion |
| Pryme N.V. (8XG0) | $39.78 Million | -11.42% | 0.57x | $5.20 Million |
| Befesa SA Bearer Shares (BFSA) | $631.55 Million | 15.79% | 1.84x | $1.02 Billion |
| China Everbright Environment Group Limited (CNE) | $28.64 Billion | 12.25% | 1.55x | $1.98 Billion |
| Realord Group Holdings Limited (CUV) | $5.27 Billion | 2.32% | 2.56x | $861.91 Million |
| Harsco Corporation (HA7) | $623.04 Million | -28.90% | 3.48x | $1.01 Billion |
| Sanix Incorporated (NX8) | $6.06 Billion | 30.55% | 4.37x | $47.80 Million |
| Perma-Fix Environmental Services Inc (PFX1) | $37.53 Million | -10.17% | 0.89x | $192.12 Million |
| ZhongDe Waste Technology AG (ZEF) | $112.90 Million | -0.84% | 1.21x | $1.56 Million |