Heidelberg Materials AG Net Assets
Heidelberg Materials AG net assets. Based on the latest financial reports, Heidelberg Materials AG (HEI) has net assets worth €19.30 Billion EUR (≈ $22.56 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 (€36.14 Billion ≈ $42.25 Billion USD) and total liabilities (€16.84 Billion ≈ $19.69 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. Also explore Heidelberg Materials AG (HEI) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.30 Billion |
| % of Total Assets | 53.41% |
| Annual Growth Rate | 7.27% |
| 5-Year Change | 15.85% |
| 10-Year Change | 7.99% |
| Growth Volatility | 12.43 |
Net Assets of Heidelberg Materials AG (2002–2025)
Net assets of Heidelberg Materials AG from 2002 to 2025. This chart illustrates how Heidelberg Materials AG's net assets have evolved over time, based on quarterly financial data. See Heidelberg Materials AG (HEI) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Heidelberg Materials AG (2002–2025)
The table below shows the annual net assets of Heidelberg Materials AG from 2002 to 2025. For live market cap and overall valuation, see HEI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €19.30 Billion ≈ $22.56 Billion |
-3.37% |
| 2024-12-31 | €19.97 Billion ≈ $23.35 Billion |
+8.71% |
| 2023-12-31 | €18.37 Billion ≈ $21.48 Billion |
+4.26% |
| 2022-12-31 | €17.62 Billion ≈ $20.60 Billion |
+5.79% |
| 2021-12-31 | €16.66 Billion ≈ $19.48 Billion |
+14.51% |
| 2020-12-31 | €14.55 Billion ≈ $17.01 Billion |
-21.38% |
| 2019-12-31 | €18.50 Billion ≈ $21.63 Billion |
+10.00% |
| 2018-12-31 | €16.82 Billion ≈ $19.67 Billion |
+4.79% |
| 2017-12-31 | €16.05 Billion ≈ $18.77 Billion |
-10.18% |
| 2016-12-31 | €17.87 Billion ≈ $20.89 Billion |
+11.87% |
| 2015-12-31 | €15.98 Billion ≈ $18.68 Billion |
+12.15% |
| 2014-12-31 | €14.24 Billion ≈ $16.65 Billion |
+13.22% |
| 2013-12-31 | €12.58 Billion ≈ $14.71 Billion |
-8.25% |
| 2012-12-31 | €13.71 Billion ≈ $16.03 Billion |
+1.07% |
| 2011-12-31 | €13.57 Billion ≈ $15.86 Billion |
+5.31% |
| 2010-12-31 | €12.88 Billion ≈ $15.06 Billion |
+17.10% |
| 2009-12-31 | €11.00 Billion ≈ $12.86 Billion |
+33.19% |
| 2008-12-31 | €8.26 Billion ≈ $9.66 Billion |
+9.87% |
| 2007-12-31 | €7.52 Billion ≈ $8.79 Billion |
+29.01% |
| 2006-12-31 | €5.83 Billion ≈ $6.81 Billion |
+15.22% |
| 2005-12-31 | €5.06 Billion ≈ $5.91 Billion |
+27.62% |
| 2004-12-31 | €3.96 Billion ≈ $4.63 Billion |
-5.30% |
| 2003-12-31 | €4.19 Billion ≈ $4.89 Billion |
+8.82% |
| 2002-12-31 | €3.85 Billion ≈ $4.50 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Heidelberg Materials 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 551.5% over the analyzed period, indicating profitable operations and earnings retention.
Heidelberg Materials AG Net Assets Breakdown (December 2025)
Heidelberg Materials AG net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €13.83 Billion | 76.15% |
| Common Stock | €535.30 Million | 2.95% |
| Other Comprehensive Income | €-2.09 Billion | -11.50% |
| Other Components | €5.89 Billion | 32.40% |
| Total Equity | €18.16 Billion | 100.00% |
Heidelberg Materials AG Competitors by Market Cap
The table below lists competitors of Heidelberg Materials AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jabil Circuit Inc
NYSE:JBL
|
$28.58 Billion |
|
DexCom Inc
NASDAQ:DXCM
|
$28.58 Billion |
|
KONE Oyj
HE:KNEBV
|
$28.58 Billion |
|
Sandoz Group AG
SW:SDZ
|
$28.58 Billion |
|
Banco Bradesco S.A
F:BREC
|
$28.47 Billion |
|
TDK Corporation
F:TDKA
|
$28.47 Billion |
|
Talanx AG
XETRA:TLX
|
$28.46 Billion |
|
Ares Management LP
NYSE:ARES
|
$28.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heidelberg Materials AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,795,600,000 to 18,164,600,000, a change of -631,000,000 (-3.4%).
- Net income of 1,940,900,000 contributed positively to equity growth.
- Dividend payments of 588,800,000 reduced retained earnings.
- Share repurchases of 400,000,000 reduced equity.
- Other comprehensive income decreased equity by 1,639,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.94 Billion | +10.69% |
| Dividends Paid | €588.80 Million | -3.24% |
| Share Repurchases | €400.00 Million | -2.2% |
| Other Comprehensive Income | €-1.64 Billion | -9.02% |
| Other Changes | €55.90 Million | +0.31% |
| Total Change | €- | -3.36% |
Book Value vs Market Value Analysis
This analysis compares Heidelberg Materials 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: 1.48x
- 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 2.59x to 1.48x 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 | €58.00 | €150.45 | x |
| 2003-12-31 | €48.85 | €150.45 | x |
| 2004-12-31 | €35.13 | €150.45 | x |
| 2005-12-31 | €41.79 | €150.45 | x |
| 2006-12-31 | €46.27 | €150.45 | x |
| 2007-12-31 | €59.24 | €150.45 | x |
| 2008-12-31 | €62.75 | €150.45 | x |
| 2009-12-31 | €73.16 | €150.45 | x |
| 2010-12-31 | €64.33 | €150.45 | x |
| 2011-12-31 | €67.29 | €150.45 | x |
| 2012-12-31 | €67.28 | €150.45 | x |
| 2013-12-31 | €61.99 | €150.45 | x |
| 2014-12-31 | €70.00 | €150.45 | x |
| 2015-12-31 | €79.37 | €150.45 | x |
| 2016-12-31 | €83.37 | €150.45 | x |
| 2017-12-31 | €73.37 | €150.45 | x |
| 2018-12-31 | €77.76 | €150.45 | x |
| 2019-12-31 | €85.61 | €150.45 | x |
| 2020-12-31 | €66.88 | €150.45 | x |
| 2021-12-31 | €78.24 | €150.45 | x |
| 2022-12-31 | €87.49 | €150.45 | x |
| 2023-12-31 | €93.19 | €150.45 | x |
| 2024-12-31 | €104.12 | €150.45 | x |
| 2025-12-31 | €101.82 | €150.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heidelberg Materials 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): 10.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.04%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.99x
- Recent ROE (10.69%) is above the historical average (7.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.72% | 3.78% | 0.59x | 3.02x | €-121.04 Million |
| 2003 | 2.89% | 1.83% | 0.58x | 2.70x | €-286.55 Million |
| 2004 | -10.35% | -5.28% | 0.65x | 3.03x | €-719.22 Million |
| 2005 | 8.95% | 5.31% | 0.65x | 2.58x | €-48.51 Million |
| 2006 | 17.77% | 10.30% | 0.75x | 2.30x | €415.83 Million |
| 2007 | 30.28% | 19.51% | 0.37x | 4.19x | €1.42 Billion |
| 2008 | 24.87% | 13.53% | 0.54x | 3.41x | €1.15 Billion |
| 2009 | 1.61% | 1.51% | 0.44x | 2.45x | €-872.41 Million |
| 2010 | 4.24% | 4.34% | 0.43x | 2.27x | €-695.24 Million |
| 2011 | 2.76% | 2.70% | 0.44x | 2.30x | €-913.60 Million |
| 2012 | 2.39% | 2.15% | 0.50x | 2.22x | €-960.26 Million |
| 2013 | 6.41% | 5.35% | 0.52x | 2.31x | €-416.82 Million |
| 2014 | 3.69% | 3.85% | 0.45x | 2.14x | €-829.33 Million |
| 2015 | 5.36% | 5.94% | 0.47x | 1.90x | €-691.44 Million |
| 2016 | 4.39% | 4.66% | 0.41x | 2.31x | €-903.11 Million |
| 2017 | 6.30% | 5.32% | 0.50x | 2.37x | €-538.10 Million |
| 2018 | 7.41% | 6.32% | 0.51x | 2.32x | €-399.97 Million |
| 2019 | 6.42% | 5.79% | 0.49x | 2.27x | €-607.82 Million |
| 2020 | -15.79% | -11.90% | 0.54x | 2.44x | €-3.42 Billion |
| 2021 | 11.39% | 9.40% | 0.56x | 2.18x | €215.28 Million |
| 2022 | 9.65% | 7.57% | 0.63x | 2.01x | €-57.19 Million |
| 2023 | 11.19% | 9.11% | 0.60x | 2.06x | €204.77 Million |
| 2024 | 9.48% | 8.40% | 0.57x | 1.98x | €-97.76 Million |
| 2025 | 10.69% | 9.04% | 0.59x | 1.99x | €124.44 Million |
Industry Comparison
This section compares Heidelberg Materials AG's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $45,546,028,010
- Average return on equity (ROE) among peers: 6.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heidelberg Materials AG (HEI) | €19.30 Billion | 6.72% | 0.87x | $28.48 Billion |
| Asia Cement (China) Holdings Corporation (4OJ) | $17.21 Billion | 0.62% | 0.18x | $291.26 Million |
| TECNOGLASS INC. DL-0001 (7FH) | $713.05 Million | 22.38% | 0.77x | $1.72 Billion |
| ROCCA SA ZY -05 (82J) | $2.35 Million | -28.39% | 0.53x | $5.26 Million |
| Loma Negra Compañía Industrial Argentina Sociedad Anónima (8LN) | $1.13 Billion | 43.45% | 6.93x | $1.08 Billion |
| BBMG Corporation (9BM) | $94.90 Billion | 1.28% | 1.97x | $153.12 Million |
| Anhui Conch Cement Company Limited (AQE) | $142.32 Billion | 23.60% | 0.26x | $2.75 Billion |
| Cemex SAB de CV ADR (CEXA) | $11.17 Billion | 4.77% | 1.52x | $14.44 Billion |
| China National Building Material Company Limited (D1Y) | $186.41 Billion | -1.79% | 1.63x | $1.36 Billion |
| Cementos Pacasmayo S.A.A (EPCC) | $1.37 Billion | 4.23% | 1.21x | $916.15 Million |
| Pilkington Deutschland AG (FDD) | $238.95 Million | -2.03% | 1.25x | $693.86 Million |
About Heidelberg Materials AG
Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, o… Read more