Bilfinger SE (GBF) - Net Assets
Based on the latest financial reports, Bilfinger SE (GBF) has net assets worth €1.34 Billion EUR (≈ $1.57 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 (€3.66 Billion ≈ $4.28 Billion USD) and total liabilities (€2.31 Billion ≈ $2.70 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 Bilfinger SE tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.34 Billion |
| % of Total Assets | 36.77% |
| Annual Growth Rate | 0.92% |
| 5-Year Change | 4.32% |
| 10-Year Change | -17.04% |
| Growth Volatility | 13.75 |
Bilfinger SE - Net Assets Trend (2004–2025)
This chart illustrates how Bilfinger SE's net assets have evolved over time, based on quarterly financial data. See GBF defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bilfinger SE (2004–2025)
The table below shows the annual net assets of Bilfinger SE from 2004 to 2025. For live valuation and market cap data, see Bilfinger SE (GBF) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.34 Billion ≈ $1.57 Billion |
+2.55% |
| 2024-12-31 | €1.31 Billion ≈ $1.53 Billion |
+10.99% |
| 2023-12-31 | €1.18 Billion ≈ $1.38 Billion |
+9.59% |
| 2022-12-31 | €1.08 Billion ≈ $1.26 Billion |
-16.36% |
| 2021-12-31 | €1.29 Billion ≈ $1.51 Billion |
+7.54% |
| 2020-12-31 | €1.20 Billion ≈ $1.40 Billion |
+3.96% |
| 2019-12-31 | €1.15 Billion ≈ $1.35 Billion |
-4.30% |
| 2018-12-31 | €1.20 Billion ≈ $1.41 Billion |
-12.90% |
| 2017-12-31 | €1.38 Billion ≈ $1.62 Billion |
-14.67% |
| 2016-12-31 | €1.62 Billion ≈ $1.90 Billion |
+12.60% |
| 2015-12-31 | €1.44 Billion ≈ $1.68 Billion |
-24.91% |
| 2014-12-31 | €1.92 Billion ≈ $2.24 Billion |
-11.44% |
| 2013-12-31 | €2.16 Billion ≈ $2.53 Billion |
+6.28% |
| 2012-12-31 | €2.04 Billion ≈ $2.38 Billion |
+13.60% |
| 2011-12-31 | €1.79 Billion ≈ $2.10 Billion |
-1.07% |
| 2010-12-31 | €1.81 Billion ≈ $2.12 Billion |
+14.38% |
| 2009-12-31 | €1.58 Billion ≈ $1.85 Billion |
+38.86% |
| 2008-12-31 | €1.14 Billion ≈ $1.33 Billion |
-11.50% |
| 2007-12-31 | €1.29 Billion ≈ $1.51 Billion |
+8.39% |
| 2006-12-31 | €1.19 Billion ≈ $1.39 Billion |
+2.44% |
| 2005-12-31 | €1.16 Billion ≈ $1.36 Billion |
+4.60% |
| 2004-12-31 | €1.11 Billion ≈ $1.30 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bilfinger SE'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 881.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €502.70 Million | 37.75% |
| Common Stock | €132.60 Million | 9.96% |
| Other Comprehensive Income | €-17.60 Million | -1.32% |
| Other Components | €714.00 Million | 53.62% |
| Total Equity | €1.33 Billion | 100.00% |
Bilfinger SE Competitors by Market Cap
The table below lists competitors of Bilfinger SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avista Corporation
NYSE:AVA
|
$3.39 Billion |
|
Innodata Inc
NASDAQ:INOD
|
$3.39 Billion |
|
Constellium Nv
NYSE:CSTM
|
$3.39 Billion |
|
Sany Heavy Energy Co. Ltd. A
SHG:688349
|
$3.39 Billion |
|
Allied Gold Corporation
TO:AAUC
|
$3.39 Billion |
|
Tango Therapeutics Inc
NASDAQ:TNGX
|
$3.39 Billion |
|
Sino-American Silicon Products
TWO:5483
|
$3.39 Billion |
|
Avient Corp
NYSE:AVNT
|
$3.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bilfinger SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,300,900,000 to 1,331,700,000, a change of 30,800,000 (2.4%).
- Net income of 176,000,000 contributed positively to equity growth.
- Dividend payments of 89,300,000 reduced retained earnings.
- Share repurchases of 50,000,000 reduced equity.
- Other comprehensive income decreased equity by 26,400,000.
- Other factors increased equity by 20,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €176.00 Million | +13.22% |
| Dividends Paid | €89.30 Million | -6.71% |
| Share Repurchases | €50.00 Million | -3.75% |
| Other Comprehensive Income | €-26.40 Million | -1.98% |
| Other Changes | €20.50 Million | +1.54% |
| Total Change | €- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Bilfinger SE'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: 2.38x
- 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 3.05x to 2.38x 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 | €27.86 | €84.85 | x |
| 2005-12-31 | €28.79 | €84.85 | x |
| 2006-12-31 | €29.49 | €84.85 | x |
| 2007-12-31 | €31.97 | €84.85 | x |
| 2008-12-31 | €28.92 | €84.85 | x |
| 2009-12-31 | €41.57 | €84.85 | x |
| 2010-12-31 | €40.84 | €84.85 | x |
| 2011-12-31 | €40.51 | €84.85 | x |
| 2012-12-31 | €45.96 | €84.85 | x |
| 2013-12-31 | €48.68 | €84.85 | x |
| 2014-12-31 | €43.87 | €84.85 | x |
| 2015-12-31 | €33.40 | €84.85 | x |
| 2016-12-31 | €37.31 | €84.85 | x |
| 2017-12-31 | €32.01 | €84.85 | x |
| 2018-12-31 | €29.37 | €84.85 | x |
| 2019-12-31 | €28.93 | €84.85 | x |
| 2020-12-31 | €29.63 | €84.85 | x |
| 2021-12-31 | €31.75 | €84.85 | x |
| 2022-12-31 | €27.34 | €84.85 | x |
| 2023-12-31 | €31.18 | €84.85 | x |
| 2024-12-31 | €34.51 | €84.85 | x |
| 2025-12-31 | €35.58 | €84.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bilfinger SE 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): 13.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.24%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 2.75x
- Recent ROE (13.22%) is above the historical average (6.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 18.25% | 2.09% | 1.44x | 6.05x | €92.40 Million |
| 2009 | 9.28% | 1.49% | 1.21x | 5.16x | €-11.14 Million |
| 2010 | 15.89% | 3.58% | 1.01x | 4.40x | €106.12 Million |
| 2011 | 22.14% | 4.82% | 1.06x | 4.32x | €217.10 Million |
| 2012 | 13.55% | 3.23% | 1.24x | 3.38x | €72.03 Million |
| 2013 | 8.04% | 2.05% | 1.29x | 3.04x | €-42.12 Million |
| 2014 | -3.68% | -0.93% | 1.29x | 3.08x | €-265.17 Million |
| 2015 | -33.10% | -7.54% | 1.24x | 3.53x | €-636.33 Million |
| 2016 | 16.41% | 6.37% | 1.06x | 2.44x | €105.68 Million |
| 2017 | -6.29% | -2.19% | 1.12x | 2.57x | €-229.28 Million |
| 2018 | -2.00% | -0.59% | 1.19x | 2.85x | €-146.06 Million |
| 2019 | 0.20% | 0.05% | 1.29x | 2.88x | €-114.23 Million |
| 2020 | 8.22% | 2.87% | 1.06x | 2.69x | €-21.53 Million |
| 2021 | 9.96% | 3.46% | 1.19x | 2.42x | €-580.00K |
| 2022 | 2.59% | 0.65% | 1.41x | 2.81x | €-80.58 Million |
| 2023 | 15.47% | 4.05% | 1.34x | 2.86x | €64.19 Million |
| 2024 | 13.80% | 3.56% | 1.45x | 2.66x | €49.41 Million |
| 2025 | 13.22% | 3.24% | 1.48x | 2.75x | €42.83 Million |
Industry Comparison
This section compares Bilfinger SE's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $38,566,624,171
- Average return on equity (ROE) among peers: -54.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bilfinger SE (GBF) | €1.34 Billion | 18.25% | 1.72x | $3.39 Billion |
| SOLWERS OYJ EO 1 (0ST) | $40.87 Million | 2.80% | 1.30x | $20.85 Million |
| SINOPEC Engineering (Group) Co. Ltd (1NS) | $25.59 Billion | 4.42% | 1.32x | $929.14 Million |
| China Aluminum International Engineering Corporation Limited (4AI) | $15.64 Billion | -12.64% | 2.49x | $115.82 Million |
| China Railway Construction Corporation Limited (4FF) | $148.72 Billion | 9.41% | 4.11x | $1.55 Billion |
| Metallurgical Corporation of China Ltd (6MT) | $151.39 Billion | 5.53% | 2.59x | $490.05 Million |
| TEKMAR GROUP PLC LS-01 (6UA) | $34.65 Million | -29.22% | 0.54x | $17.86 Million |
| Monadelphous Group Ltd (8MP) | $368.10 Million | 28.75% | 1.16x | $1.82 Billion |
| OPERAD.D.SIT.MEX.A1 -01 (98Y) | $43.87 Billion | -0.52% | 1.37x | $2.22 Billion |
| ENERSIDE ENERGY EO -01 (9O8) | $6.44 Million | -601.62% | 10.66x | $26.89 Million |
| ABO Wind AG (AB9) | $14.09 Million | 48.67% | 2.95x | $41.40 Million |
About Bilfinger SE
Bilfinger SE provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East. It operates through three segments: Engineering & Maintenance Europe; Engineering & Maintenance International; and Technologies. The company offers engineering, project, maintenance, turnaround, rotating equipment, inspection, insulation, scaffolding, corrosion p… Read more