Ernst Russ AG (ERAG) - Net Assets
Based on the latest financial reports, Ernst Russ AG (ERAG) has net assets worth €292.81 Million EUR (≈ $342.32 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€370.07 Million ≈ $432.65 Million USD) and total liabilities (€77.27 Million ≈ $90.33 Million 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 Ernst Russ AG asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €292.81 Million |
| % of Total Assets | 79.12% |
| Annual Growth Rate | 12.26% |
| 5-Year Change | 105.01% |
| 10-Year Change | 658.86% |
| Growth Volatility | 80.63 |
Ernst Russ AG - Net Assets Trend (2004–2025)
This chart illustrates how Ernst Russ AG's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Ernst Russ AG market capitalisation.
Annual Net Assets for Ernst Russ AG (2004–2025)
The table below shows the annual net assets of Ernst Russ AG from 2004 to 2025. Explore Ernst Russ AG (ERAG) cash conversion ratio to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €292.81 Million ≈ $342.32 Million |
+9.92% |
| 2024-12-31 | €266.37 Million ≈ $311.42 Million |
+2.42% |
| 2023-12-31 | €260.09 Million ≈ $304.07 Million |
+25.35% |
| 2022-12-31 | €207.50 Million ≈ $242.59 Million |
+45.28% |
| 2021-12-31 | €142.82 Million ≈ $166.98 Million |
+78.22% |
| 2020-12-31 | €80.14 Million ≈ $93.69 Million |
+16.57% |
| 2019-12-31 | €68.75 Million ≈ $80.37 Million |
+34.55% |
| 2018-12-31 | €51.09 Million ≈ $59.74 Million |
+13.91% |
| 2017-12-31 | €44.86 Million ≈ $52.44 Million |
+16.25% |
| 2016-12-31 | €38.59 Million ≈ $45.11 Million |
+81.07% |
| 2015-12-31 | €21.31 Million ≈ $24.91 Million |
+5.05% |
| 2014-12-31 | €20.29 Million ≈ $23.72 Million |
+0.91% |
| 2013-12-31 | €20.10 Million ≈ $23.50 Million |
+1.72% |
| 2012-12-31 | €19.76 Million ≈ $23.11 Million |
-27.78% |
| 2011-12-31 | €27.37 Million ≈ $32.00 Million |
-40.69% |
| 2010-12-31 | €46.14 Million ≈ $53.94 Million |
+39.47% |
| 2009-12-31 | €33.08 Million ≈ $38.68 Million |
-62.25% |
| 2008-12-31 | €87.65 Million ≈ $102.47 Million |
-25.74% |
| 2007-12-31 | €118.03 Million ≈ $137.99 Million |
-4.31% |
| 2006-12-31 | €123.35 Million ≈ $144.21 Million |
+4.93% |
| 2005-12-31 | €117.55 Million ≈ $137.43 Million |
+354.93% |
| 2004-12-31 | €25.84 Million ≈ $30.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ernst Russ 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 3290.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €195.05 Million | 78.57% |
| Other Components | €53.21 Million | 21.43% |
| Total Equity | €248.26 Million | 100.00% |
Ernst Russ AG Competitors by Market Cap
The table below lists competitors of Ernst Russ AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LanzaTech Global Inc.
NASDAQ:LNZA
|
$249.30 Million |
|
Unico Silver Ltd
AU:USL
|
$249.46 Million |
|
Grupa Azoty Zaklady Chemiczne Police SA
WAR:PCE
|
$249.48 Million |
|
KGI Securities (Thailand) Public Company Limited
BK:KGI
|
$249.57 Million |
|
Pacific Smiles Group Ltd
AU:PSQ
|
$249.29 Million |
|
Indomobil Sukses Internasional
JK:IMAS
|
$249.26 Million |
|
Eledon Pharmaceuticals Inc
NASDAQ:ELDN
|
$249.24 Million |
|
JAKKS Pacific Inc
NASDAQ:JAKK
|
$249.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ernst Russ AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 180,846,000 to 248,265,000, a change of 67,419,000 (37.3%).
- Net income of 73,478,000 contributed positively to equity growth.
- Dividend payments of 67,179,000 reduced retained earnings.
- Share repurchases of 14,125,000 reduced equity.
- New share issuances of 105,000 increased equity.
- Other factors increased equity by 75,140,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €73.48 Million | +29.6% |
| Dividends Paid | €67.18 Million | -27.06% |
| Share Repurchases | €14.12 Million | -5.69% |
| Share Issuances | €105.00K | +0.04% |
| Other Changes | €75.14 Million | +30.27% |
| Total Change | €- | 37.28% |
Book Value vs Market Value Analysis
This analysis compares Ernst Russ 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: 1.14x
- 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 5.80x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €1.45 | €8.42 | x |
| 2005-12-31 | €5.41 | €8.42 | x |
| 2006-12-31 | €4.95 | €8.42 | x |
| 2007-12-31 | €4.53 | €8.42 | x |
| 2008-12-31 | €3.53 | €8.42 | x |
| 2009-12-31 | €1.33 | €8.42 | x |
| 2010-12-31 | €1.68 | €8.42 | x |
| 2011-12-31 | €1.25 | €8.42 | x |
| 2012-12-31 | €0.77 | €8.42 | x |
| 2013-12-31 | €0.74 | €8.42 | x |
| 2014-12-31 | €0.85 | €8.42 | x |
| 2015-12-31 | €0.77 | €8.42 | x |
| 2016-12-31 | €1.16 | €8.42 | x |
| 2017-12-31 | €1.33 | €8.42 | x |
| 2018-12-31 | €1.45 | €8.42 | x |
| 2019-12-31 | €1.59 | €8.42 | x |
| 2020-12-31 | €1.67 | €8.42 | x |
| 2021-12-31 | €2.11 | €8.42 | x |
| 2022-12-31 | €3.47 | €8.42 | x |
| 2023-12-31 | €5.14 | €8.42 | x |
| 2024-12-31 | €5.37 | €8.42 | x |
| 2025-12-31 | €7.37 | €8.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ernst Russ 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): 29.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.49%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.49x
- Recent ROE (29.60%) is above the historical average (0.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 79.76% | 13.82% | 1.48x | 3.89x | €17.97 Million |
| 2007 | 25.92% | 22.28% | 0.57x | 2.03x | €18.79 Million |
| 2008 | -18.58% | -13.58% | 0.69x | 1.99x | €-25.05 Million |
| 2009 | -168.73% | -122.66% | 0.40x | 3.40x | €-59.13 Million |
| 2010 | 10.86% | 13.62% | 0.35x | 2.30x | €394.80K |
| 2011 | -83.71% | -69.51% | 0.39x | 3.05x | €-25.65 Million |
| 2012 | -38.43% | -22.26% | 0.52x | 3.32x | €-9.57 Million |
| 2013 | 1.80% | 1.40% | 0.41x | 3.13x | €-1.65 Million |
| 2014 | 0.57% | 0.59% | 0.34x | 2.87x | €-1.91 Million |
| 2015 | 4.57% | 4.70% | 0.34x | 2.83x | €-1.16 Million |
| 2016 | 16.40% | 15.58% | 0.39x | 2.73x | €2.43 Million |
| 2017 | 12.78% | 12.62% | 0.37x | 2.72x | €1.21 Million |
| 2018 | 12.51% | 11.79% | 0.51x | 2.08x | €1.25 Million |
| 2019 | 2.95% | 2.58% | 0.40x | 2.89x | €-3.62 Million |
| 2020 | 7.18% | 7.43% | 0.34x | 2.84x | €-1.62 Million |
| 2021 | 21.86% | 17.09% | 0.35x | 3.65x | €8.56 Million |
| 2022 | 40.05% | 24.65% | 0.68x | 2.40x | €35.46 Million |
| 2023 | 32.27% | 27.18% | 0.60x | 1.99x | €38.01 Million |
| 2024 | 23.49% | 24.59% | 0.49x | 1.96x | €24.39 Million |
| 2025 | 29.60% | 46.49% | 0.43x | 1.49x | €48.65 Million |
Industry Comparison
This section compares Ernst Russ AG's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $15,606,987,038
- Average return on equity (ROE) among peers: 31.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ernst Russ AG (ERAG) | €292.81 Million | 79.76% | 0.26x | $249.30 Million |
| 2020 Bulkers Ltd. (0FF) | $151.70 Million | 46.67% | 1.57x | $9.47 Million |
| Qingdao Port International Co. Ltd (0QP) | $38.78 Billion | 10.22% | 0.56x | $1.04 Billion |
| ZIM Integrated Shipping Services Ltd. (2SV) | $4.60 Billion | 100.89% | 1.14x | $3.05 Billion |
| HAV GROUP ASA (6HH) | $152.48 Million | 49.65% | 2.86x | $28.14 Million |
| Ardmore Shipping Corporation (A61) | $347.61 Million | 9.19% | 1.24x | $534.92 Million |
| BW LPG Limited (BW9) | $1.60 Billion | 14.24% | 0.60x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $42.11 Billion | 0.56% | 2.84x | $5.09 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $65.03 Billion | 44.90% | 0.44x | $11.30 Billion |
| PERFORMANCE SHIPP. (DS2) | $275.24 Million | 15.89% | 0.20x | $19.94 Million |
| DANAOS CORP. DL -01 (DVW1) | $3.02 Billion | 19.11% | 0.21x | $1.82 Billion |
About Ernst Russ AG
Ernst Russ AG is a publicly owned investment manager. It invest in shipping, alternative investments, real estate, private equity and renewable energy. Within ship participation, the firm invests in part-owning ships and funds for ship participation and dormant investments with conversion options. In property investment funds, it seeks to invest in closed ended property investment funds. Within p… Read more