Befesa SA (BFSA) - Net Assets

Latest as of March 2026: €835.02 Million EUR ≈ $976.22 Million USD

Based on the latest financial reports, Befesa SA (BFSA) has net assets worth €835.02 Million EUR (≈ $976.22 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.93 Billion ≈ $2.25 Billion USD) and total liabilities (€1.09 Billion ≈ $1.28 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 BFSA tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€835.02 Million
% of Total Assets	43.3%
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. See defensive interval ratio of Befesa SA to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Befesa SA (2013–2025)

The table below shows the annual net assets of Befesa SA from 2013 to 2025. For live valuation and market cap data, see Befesa SA stock valuation.

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	--

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
Milkyway Chemical Supply Chain Service Co Ltd SHG:603713	$1.40 Billion
Zhejiang Windey Co Ltd SHE:300772	$1.40 Billion
World Kinect Corporation NYSE:WKC	$1.40 Billion
Crombie Real Estate Investment Trust TO:CRR-UN	$1.40 Billion
Chacha Food Co Ltd SHE:002557	$1.39 Billion
Golden Ocean Group Limited F:KT31	$1.39 Billion
Land and Houses Public Company Limited BK:LH	$1.39 Billion
Shenzhen Terca Technology Co Ltd SHE:002213	$1.39 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: 1.67x
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 5.16x to 1.67x 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	€33.60	x
2014-12-31	€6.76	€33.60	x
2015-12-31	€7.11	€33.60	x
2016-12-31	€4.38	€33.60	x
2017-12-31	€6.76	€33.60	x
2018-12-31	€9.78	€33.60	x
2019-12-31	€10.17	€33.60	x
2020-12-31	€9.31	€33.60	x
2021-12-31	€16.70	€33.60	x
2022-12-31	€20.13	€33.60	x
2023-12-31	€20.59	€33.60	x
2024-12-31	€20.76	€33.60	x
2025-12-31	€20.06	€33.60	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: $2,400,092,790
Average return on equity (ROE) among peers: -42.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Befesa SA (BFSA)	€835.02 Million	-4.12%	1.31x	$1.39 Billion
BACTECH ENVIRONMENT.CORP. (0BT1)	$-1.42 Million	0.00%	0.00x	$5.87 Million
SCANDIN.ENVIRO SYSTEMS AB (1HR)	$225.79 Million	-162.37%	0.24x	$12.93 Million
GEM CO. LTD SP.GDR/10 A (3730)	$20.87 Billion	6.21%	1.11x	$4.59 Billion
AGILYX ASA NK -02 (5NQ)	$139.80 Million	-15.76%	0.38x	$252.97 Million
GEOTRANS S.A. ZY -10 (5Z4)	$26.66 Million	-6.40%	0.06x	$5.53 Million
ECOUP OYJ EO 1 (62H)	$18.56 Million	-10.61%	0.61x	$9.49 Million
ELL ENVIRON.HLDGS HD-0001 (6EL)	$278.90 Million	-2.96%	0.89x	$15.53 Million
NEOMETALS LTD SP.ADS/10 (9R91)	$36.48 Million	-189.48%	0.16x	$6.70 Million
HYDROGEN UTOPIA INT.-001 (D60)	$4.57 Million	0.00%	0.11x	$11.03 Million

About Befesa SA

XETRA:BFSA Germany Waste Management

Market Cap

$1.57 Billion

€1.34 Billion EUR

Market Cap Rank

#7667 Global

#1033 in Germany

Share Price

€33.60

Change (1 day)

-2.75%

52-Week Range

€24.40 - €37.00

All Time High

€67.87