Befesa SA (BFSA) - Net Assets
Based on the latest financial reports, Befesa SA (BFSA) has net assets worth €748.72 Million EUR (≈ $875.34 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.97 Billion ≈ $2.31 Billion USD) and total liabilities (€1.22 Billion ≈ $1.43 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. Check strategic asset allocation of Befesa SA to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €748.72 Million |
| % of Total Assets | 37.95% |
| Annual Growth Rate | 10.71% |
| 5-Year Change | 29.57% |
| 10-Year Change | 417.3% |
| Growth Volatility | 37.16 |
Befesa SA - Net Assets Trend (2013–2025)
This chart illustrates how Befesa SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BFSA stock market capitalisation.
Annual Net Assets for Befesa SA (2013–2025)
The table below shows the annual net assets of Befesa SA from 2013 to 2025. Also explore net asset growth rate of Befesa SA to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €818.30 Million ≈ $956.68 Million |
-3.24% |
| 2024-12-31 | €845.74 Million ≈ $988.76 Million |
-3.60% |
| 2023-12-31 | €877.36 Million ≈ $1.03 Billion |
+7.09% |
| 2022-12-31 | €819.25 Million ≈ $957.79 Million |
+29.72% |
| 2021-12-31 | €631.55 Million ≈ $738.34 Million |
+92.79% |
| 2020-12-31 | €327.58 Million ≈ $382.98 Million |
-9.06% |
| 2019-12-31 | €360.22 Million ≈ $421.13 Million |
+5.13% |
| 2018-12-31 | €342.63 Million ≈ $400.57 Million |
+90.64% |
| 2017-12-31 | €179.73 Million ≈ $210.12 Million |
+13.62% |
| 2016-12-31 | €158.19 Million ≈ $184.93 Million |
-38.99% |
| 2015-12-31 | €259.26 Million ≈ $303.10 Million |
+4.51% |
| 2014-12-31 | €248.08 Million ≈ $290.03 Million |
+2.81% |
| 2013-12-31 | €241.30 Million ≈ $282.10 Million |
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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 8965700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €80.50 Million | 10.03% |
| Common Stock | €111.05 Million | 13.84% |
| Other Comprehensive Income | €158.64 Million | 19.77% |
| Other Components | €452.36 Million | 56.37% |
| Total Equity | €802.56 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 |
|---|---|
|
CMST Development Co Ltd
SHG:600787
|
$1.45 Billion |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$1.45 Billion |
|
Keystone Microtech Corp
TWO:6683
|
$1.45 Billion |
|
Nanjing Hanrui Cobalt Co Ltd
SHE:300618
|
$1.45 Billion |
|
Collective Mining Ltd.
NYSE:CNL
|
$1.45 Billion |
|
Shanghai SMI Holding Co Ltd
SHG:600649
|
$1.45 Billion |
|
Yulon Finance Corp
TW:9941
|
$1.45 Billion |
|
Zhongman Petro & Natural Gas
SHG:603619
|
$1.45 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 2024 to 2025, total equity changed from 830,219,000 to 802,560,000, a change of -27,659,000 (-3.3%).
- Net income of 80,504,000 contributed positively to equity growth.
- Dividend payments of 25,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 155,414,999.
- Other factors decreased equity by 237,977,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €80.50 Million | +10.03% |
| Dividends Paid | €25.60 Million | -3.19% |
| Other Comprehensive Income | €155.41 Million | +19.36% |
| Other Changes | €-237.98 Million | -29.65% |
| Total Change | €- | -3.33% |
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: 1.70x
- 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 5.23x to 1.70x 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 | €34.05 | x |
| 2014-12-31 | €6.76 | €34.05 | x |
| 2015-12-31 | €7.11 | €34.05 | x |
| 2016-12-31 | €4.38 | €34.05 | x |
| 2017-12-31 | €6.76 | €34.05 | x |
| 2018-12-31 | €9.78 | €34.05 | x |
| 2019-12-31 | €10.17 | €34.05 | x |
| 2020-12-31 | €9.31 | €34.05 | x |
| 2021-12-31 | €16.70 | €34.05 | x |
| 2022-12-31 | €20.13 | €34.05 | x |
| 2023-12-31 | €20.59 | €34.05 | x |
| 2024-12-31 | €20.76 | €34.05 | x |
| 2025-12-31 | €20.06 | €34.05 | 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): 10.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.81%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.33x
- Recent ROE (10.03%) is above the historical average (7.79%), indicating improving 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 |
| 2025 | 10.03% | 6.81% | 0.63x | 2.33x | €248.00K |
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: $2,488,360,753
- Average return on equity (ROE) among peers: -59.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Befesa SA (BFSA) | €748.72 Million | -4.12% | 1.63x | $1.45 Billion |
| BACTECH ENVIRONMENT.CORP. (0BT1) | $-1.95 Million | 0.00% | 0.00x | $5.36 Million |
| SCANDIN.ENVIRO SYSTEMS AB (1HR) | $225.79 Million | -162.37% | 0.24x | $128.11K |
| GEM CO. LTD SP.GDR/10 A (3730) | $21.70 Billion | 4.31% | 1.43x | $4.59 Billion |
| AGILYX ASA NK -02 (5NQ) | $7.06 Million | -311.75% | 2.48x | $200.74 Million |
| GEOTRANS S.A. ZY -10 (5Z4) | $31.48 Million | 1.90% | 0.13x | $5.10 Million |
| ECOUP OYJ EO 1 (62H) | $18.56 Million | -10.61% | 0.61x | $10.20 Million |
| ELL ENVIRON.HLDGS HD-0001 (6EL) | $252.81 Million | -3.45% | 1.04x | $11.07 Million |
| BIOEXTRAX AB (85X0) | $31.77 Million | -58.76% | 0.19x | $10.42 Million |
| NEOMETALS LTD SP.ADS/10 (9R91) | $126.60 Million | 3.44% | 0.04x | $3.15 Million |
About 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; sells waelz oxide to zinc smelters; and treats crude steel dust; produce… Read more