EnBW Energie Baden-Württemberg AG (EBK) - Net Assets
Based on the latest financial reports, EnBW Energie Baden-Württemberg AG (EBK) has net assets worth €21.72 Billion EUR (≈ $25.39 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 (€72.72 Billion ≈ $85.02 Billion USD) and total liabilities (€51.00 Billion ≈ $59.62 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 how tangible is EnBW Energie Baden-Württemberg AG's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €21.72 Billion |
| % of Total Assets | 29.87% |
| Annual Growth Rate | 10.07% |
| 5-Year Change | 155.55% |
| 10-Year Change | 575.34% |
| Growth Volatility | 28.28 |
EnBW Energie Baden-Württemberg AG - Net Assets Trend (2002–2025)
This chart illustrates how EnBW Energie Baden-Württemberg AG's net assets have evolved over time, based on quarterly financial data. See EnBW Energie Baden-Württemberg AG defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for EnBW Energie Baden-Württemberg AG (2002–2025)
The table below shows the annual net assets of EnBW Energie Baden-Württemberg AG from 2002 to 2025. For live valuation and market cap data, see market cap of EnBW Energie Baden-Württemberg AG.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €21.72 Billion ≈ $25.39 Billion |
+22.24% |
| 2024-12-31 | €17.77 Billion ≈ $20.77 Billion |
+12.08% |
| 2023-12-31 | €15.85 Billion ≈ $18.53 Billion |
+24.15% |
| 2022-12-31 | €12.77 Billion ≈ $14.93 Billion |
+50.24% |
| 2021-12-31 | €8.50 Billion ≈ $9.94 Billion |
+9.40% |
| 2020-12-31 | €7.77 Billion ≈ $9.08 Billion |
+4.35% |
| 2019-12-31 | €7.45 Billion ≈ $8.70 Billion |
+18.68% |
| 2018-12-31 | €6.27 Billion ≈ $7.33 Billion |
+7.00% |
| 2017-12-31 | €5.86 Billion ≈ $6.85 Billion |
+82.29% |
| 2016-12-31 | €3.22 Billion ≈ $3.76 Billion |
-36.81% |
| 2015-12-31 | €5.09 Billion ≈ $5.95 Billion |
+11.97% |
| 2014-12-31 | €4.55 Billion ≈ $5.31 Billion |
-25.27% |
| 2013-12-31 | €6.08 Billion ≈ $7.11 Billion |
-15.32% |
| 2012-12-31 | €7.18 Billion ≈ $8.40 Billion |
+17.12% |
| 2011-12-31 | €6.13 Billion ≈ $7.17 Billion |
-19.49% |
| 2010-12-31 | €7.62 Billion ≈ $8.91 Billion |
+18.89% |
| 2009-12-31 | €6.41 Billion ≈ $7.49 Billion |
+14.77% |
| 2008-12-31 | €5.58 Billion ≈ $6.53 Billion |
-6.97% |
| 2007-12-31 | €6.00 Billion ≈ $7.02 Billion |
+36.36% |
| 2006-12-31 | €4.40 Billion ≈ $5.15 Billion |
+32.90% |
| 2005-12-31 | €3.31 Billion ≈ $3.87 Billion |
+41.06% |
| 2004-12-31 | €2.35 Billion ≈ $2.74 Billion |
+52.05% |
| 2003-12-31 | €1.54 Billion ≈ $1.81 Billion |
-35.44% |
| 2002-12-31 | €2.39 Billion ≈ $2.80 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to EnBW Energie Baden-Württemberg 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 912150000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €8.82 Billion | 68.36% |
| Common Stock | €845.20 Million | 6.55% |
| Other Comprehensive Income | €-301.20 Million | -2.33% |
| Other Components | €3.54 Billion | 27.42% |
| Total Equity | €12.90 Billion | 100.00% |
EnBW Energie Baden-Württemberg AG Competitors by Market Cap
The table below lists competitors of EnBW Energie Baden-Württemberg AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aspeed Technology
TWO:5274
|
$22.58 Billion |
|
Hexagon AB (publ)
ST:HEXA-B
|
$22.59 Billion |
|
HANSOH PHARMAC. HD-00001
F:3KY
|
$22.67 Billion |
|
Zomato Limited
NSE:ZOMATO
|
$22.68 Billion |
|
Eicher Motors Limited
NSE:EICHERMOT
|
$22.55 Billion |
|
Vinhomes JSC
VN:VHM
|
$22.53 Billion |
|
A.P. Møller - Mærsk A/S
CO:MAERSK-A
|
$22.51 Billion |
|
Centrais Elétricas Brasileiras S.A. - Eletrobrás
F:L3XC
|
$22.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EnBW Energie Baden-Württemberg AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,232,900,000 to 12,901,300,000, a change of 2,668,400,000 (26.1%).
- Net loss of 206,800,000 reduced equity.
- Dividend payments of 564,600,000 reduced retained earnings.
- Share repurchases of 3,103,900,000 reduced equity.
- Other comprehensive income increased equity by 144,200,000.
- Other factors increased equity by 6,399,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-206.80 Million | -1.6% |
| Dividends Paid | €564.60 Million | -4.38% |
| Share Repurchases | €3.10 Billion | -24.06% |
| Other Comprehensive Income | €144.20 Million | +1.12% |
| Other Changes | €6.40 Billion | +49.6% |
| Total Change | €- | 26.08% |
Book Value vs Market Value Analysis
This analysis compares EnBW Energie Baden-Württemberg 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: 1.67x
- 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 8.38x 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 |
|---|---|---|---|
| 2002-12-31 | €8.71 | €73.00 | x |
| 2003-12-31 | €4.14 | €73.00 | x |
| 2004-12-31 | €4.32 | €73.00 | x |
| 2005-12-31 | €10.61 | €73.00 | x |
| 2006-12-31 | €14.12 | €73.00 | x |
| 2007-12-31 | €20.54 | €73.00 | x |
| 2008-12-31 | €16.17 | €73.00 | x |
| 2009-12-31 | €21.67 | €73.00 | x |
| 2010-12-31 | €26.37 | €73.00 | x |
| 2011-12-31 | €19.93 | €73.00 | x |
| 2012-12-31 | €23.04 | €73.00 | x |
| 2013-12-31 | €17.96 | €73.00 | x |
| 2014-12-31 | €12.70 | €73.00 | x |
| 2015-12-31 | €11.95 | €73.00 | x |
| 2016-12-31 | €4.86 | €73.00 | x |
| 2017-12-31 | €13.10 | €73.00 | x |
| 2018-12-31 | €14.69 | €73.00 | x |
| 2019-12-31 | €14.57 | €73.00 | x |
| 2020-12-31 | €14.43 | €73.00 | x |
| 2021-12-31 | €17.16 | €73.00 | x |
| 2022-12-31 | €33.09 | €73.00 | x |
| 2023-12-31 | €34.37 | €73.00 | x |
| 2024-12-31 | €37.78 | €73.00 | x |
| 2025-12-31 | €43.67 | €73.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EnBW Energie Baden-Württemberg 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): -1.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.60%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 5.64x
- Recent ROE (-1.60%) is below the historical average (1.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -1.52% | -0.37% | 0.35x | 11.80x | €-235.35 Million |
| 2003 | -128.25% | -11.15% | 0.42x | 27.35x | €-1.27 Billion |
| 2004 | 36.22% | 3.63% | 0.41x | 24.42x | €258.93 Million |
| 2005 | 20.26% | 4.84% | 0.43x | 9.76x | €264.14 Million |
| 2006 | 28.90% | 7.59% | 0.47x | 8.09x | €656.20 Million |
| 2007 | 27.00% | 9.27% | 0.52x | 5.63x | €858.96 Million |
| 2008 | 22.65% | 5.52% | 0.50x | 8.28x | €502.95 Million |
| 2009 | 15.47% | 5.30% | 0.45x | 6.51x | €291.42 Million |
| 2010 | 17.97% | 6.66% | 0.50x | 5.43x | €516.98 Million |
| 2011 | -17.82% | -4.62% | 0.52x | 7.36x | €-1.35 Billion |
| 2012 | 7.99% | 2.46% | 0.52x | 6.20x | €-119.34 Million |
| 2013 | 1.05% | 0.25% | 0.57x | 7.43x | €-435.53 Million |
| 2014 | -13.10% | -2.15% | 0.55x | 11.14x | €-794.71 Million |
| 2015 | 3.86% | 0.59% | 0.55x | 11.79x | €-198.65 Million |
| 2016 | -136.39% | -9.28% | 0.50x | 29.24x | €-1.93 Billion |
| 2017 | 57.90% | 9.35% | 0.57x | 10.93x | €1.70 Billion |
| 2018 | 8.40% | 1.62% | 0.52x | 9.96x | €-63.59 Million |
| 2019 | 18.60% | 3.91% | 0.43x | 10.97x | €339.29 Million |
| 2020 | 20.67% | 4.10% | 0.43x | 11.76x | €416.84 Million |
| 2021 | 7.82% | 1.13% | 0.45x | 15.34x | €-101.54 Million |
| 2022 | 19.39% | 3.10% | 0.81x | 7.75x | €841.70 Million |
| 2023 | 16.52% | 3.46% | 0.69x | 6.95x | €606.73 Million |
| 2024 | 12.15% | 3.60% | 0.54x | 6.28x | €220.41 Million |
| 2025 | -1.60% | -0.60% | 0.47x | 5.64x | €-1.50 Billion |
Industry Comparison
This section compares EnBW Energie Baden-Württemberg AG's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $24,157,140,556
- Average return on equity (ROE) among peers: 11.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EnBW Energie Baden-Württemberg AG (EBK) | €21.72 Billion | -1.52% | 2.35x | $22.58 Billion |
| CIA EN.GER. ADR 1 (CIDS) | $19.46 Billion | 19.27% | 1.67x | $3.31 Billion |
| EDP-ENERG.PORTUG. ADR/10 (EDPA) | $13.98 Billion | 4.70% | 2.65x | $19.10 Billion |
| Enel SpA (ENLA) | $42.34 Billion | 7.53% | 3.89x | $94.27 Billion |
| E.ON SE (EOAA) | $21.87 Billion | 8.37% | 5.13x | $47.50 Billion |
| E.ON SE (EOAN) | $17.89 Billion | 26.22% | 5.69x | $47.65 Billion |
| ENGIE ADR/1 EO 1 (GZFB) | $41.46 Billion | 9.90% | 3.57x | $63.66 Billion |
| IBERDROLA ADR/1 EO 3 (IBE5) | $56.13 Billion | 6.92% | 1.53x | $132.13 Billion |
| IGNITIS GRUPE SP.GDR/1 (IGV) | $2.44 Billion | 11.33% | 1.34x | $1.56 Billion |
| IGNITIS GRUPE AB EO 2233 (IGV0) | $1.86 Billion | 8.63% | 1.29x | $1.53 Billion |
About EnBW Energie Baden-Württemberg AG
EnBW Energie Baden-Württemberg AG operates as an integrated energy company in Germany, Rest of Europe, and internationally. It operates through three segments: Sustainable Generation Infrastructure, Critical Infrastructure, and Smart Infrastructure for Customers. The Sustainable Generation Infrastructure segment encompasses company activities in the areas of renewable energies, conventional gener… Read more