HelloFresh SE (HFG) - Net Assets
Based on the latest financial reports, HelloFresh SE (HFG) has net assets worth €617.60 Million EUR (≈ $722.04 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 (€2.20 Billion ≈ $2.57 Billion USD) and total liabilities (€1.58 Billion ≈ $1.85 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 HelloFresh SE tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €617.60 Million |
| % of Total Assets | 28.09% |
| Annual Growth Rate | 49.53% |
| 5-Year Change | -25.25% |
| 10-Year Change | 3156.72% |
| Growth Volatility | 412.45 |
HelloFresh SE - Net Assets Trend (2011–2025)
This chart illustrates how HelloFresh SE's net assets have evolved over time, based on quarterly financial data. See HelloFresh SE defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HelloFresh SE (2011–2025)
The table below shows the annual net assets of HelloFresh SE from 2011 to 2025. For live valuation and market cap data, see HelloFresh SE market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €670.20 Million ≈ $783.53 Million |
-24.56% |
| 2024-12-31 | €888.40 Million ≈ $1.04 Billion |
-12.82% |
| 2023-12-31 | €1.02 Billion ≈ $1.19 Billion |
+6.19% |
| 2022-12-31 | €959.60 Million ≈ $1.12 Billion |
+7.03% |
| 2021-12-31 | €896.60 Million ≈ $1.05 Billion |
+36.68% |
| 2020-12-31 | €656.00 Million ≈ $766.93 Million |
+167.43% |
| 2019-12-31 | €245.30 Million ≈ $286.78 Million |
+3.63% |
| 2018-12-31 | €236.70 Million ≈ $276.73 Million |
-21.96% |
| 2017-12-31 | €303.30 Million ≈ $354.59 Million |
+1373.83% |
| 2016-12-31 | €20.58 Million ≈ $24.06 Million |
-76.52% |
| 2015-12-31 | €87.64 Million ≈ $102.46 Million |
+499.03% |
| 2014-12-31 | €14.63 Million ≈ $17.10 Million |
+439.26% |
| 2013-12-31 | €2.71 Million ≈ $3.17 Million |
+848.60% |
| 2012-12-31 | €286.00K ≈ $334.36K |
-88.07% |
| 2011-12-31 | €2.40 Million ≈ $2.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HelloFresh 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 8425600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €84.00 Million | 12.49% |
| Common Stock | €159.00 Million | 23.64% |
| Other Comprehensive Income | €276.60 Million | 41.12% |
| Other Components | €153.10 Million | 22.76% |
| Total Equity | €672.70 Million | 100.00% |
HelloFresh SE Competitors by Market Cap
The table below lists competitors of HelloFresh SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yoantion Industrial Inc.Ltd.
SHE:301053
|
$590.00 Million |
|
SmartFinancial, Inc.
NASDAQ:SMBK
|
$590.02 Million |
|
JL MAG RARE-EARTH H YC1
F:3KLA
|
$590.10 Million |
|
Adlai Nortye Ltd. American Depositary Shares
NASDAQ:ANL
|
$590.28 Million |
|
Chularat Hospital Public Company Limited
BK:CHG-R
|
$589.72 Million |
|
Aju IB Investment Co. Ltd
KQ:027360
|
$589.70 Million |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
$589.62 Million |
|
PRINC.PR.EQ.HLDGS EO-001
F:PEYA
|
$589.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HelloFresh SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 891,700,000 to 672,700,000, a change of -219,000,000 (-24.6%).
- Net loss of 92,600,000 reduced equity.
- Share repurchases of 132,600,000 reduced equity.
- Other comprehensive income decreased equity by 10,700,000.
- Other factors increased equity by 16,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-92.60 Million | -13.77% |
| Share Repurchases | €132.60 Million | -19.71% |
| Other Comprehensive Income | €-10.70 Million | -1.59% |
| Other Changes | €16.90 Million | +2.51% |
| Total Change | €- | -24.56% |
Book Value vs Market Value Analysis
This analysis compares HelloFresh 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: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1630.08x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | €0.00 | €4.10 | x |
| 2013-12-31 | €0.02 | €4.10 | x |
| 2014-12-31 | €0.25 | €4.10 | x |
| 2015-12-31 | €0.74 | €4.10 | x |
| 2016-12-31 | €0.16 | €4.10 | x |
| 2017-12-31 | €2.22 | €4.10 | x |
| 2018-12-31 | €1.47 | €4.10 | x |
| 2019-12-31 | €1.50 | €4.10 | x |
| 2020-12-31 | €3.70 | €4.10 | x |
| 2021-12-31 | €5.16 | €4.10 | x |
| 2022-12-31 | €5.37 | €4.10 | x |
| 2023-12-31 | €5.80 | €4.10 | x |
| 2024-12-31 | €5.36 | €4.10 | x |
| 2025-12-31 | €4.30 | €4.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HelloFresh 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): -13.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.37%
- • Asset Turnover: 3.10x
- • Equity Multiplier: 3.24x
- Recent ROE (-13.77%) is above the historical average (-226.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -2274.40% | -325.19% | 1.13x | 6.16x | €-7.58 Million |
| 2013 | -214.36% | -44.29% | 2.71x | 1.78x | €-6.56 Million |
| 2014 | -93.06% | -20.91% | 2.48x | 1.79x | €-16.12 Million |
| 2015 | -129.81% | -37.30% | 1.92x | 1.81x | €-122.52 Million |
| 2016 | -455.16% | -15.71% | 3.93x | 7.36x | €-95.86 Million |
| 2017 | -30.25% | -10.14% | 2.00x | 1.49x | €-122.15 Million |
| 2018 | -34.78% | -6.45% | 3.23x | 1.67x | €-106.22 Million |
| 2019 | -4.10% | -0.56% | 3.17x | 2.32x | €-34.71 Million |
| 2020 | 56.22% | 9.84% | 2.46x | 2.32x | €303.36 Million |
| 2021 | 27.11% | 4.05% | 2.71x | 2.47x | €153.24 Million |
| 2022 | 13.21% | 1.67% | 3.00x | 2.64x | €30.83 Million |
| 2023 | 1.90% | 0.26% | 2.94x | 2.53x | €-82.76 Million |
| 2024 | -15.30% | -1.78% | 2.91x | 2.95x | €-225.57 Million |
| 2025 | -13.77% | -1.37% | 3.10x | 3.24x | €-159.87 Million |
Industry Comparison
This section compares HelloFresh SE's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $2,302,628,111
- Average return on equity (ROE) among peers: 1.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HelloFresh SE (HFG) | €617.60 Million | -2274.40% | 2.56x | $589.85 Million |
| Xiabuxiabu Catering Management (China) Holdings Co. Ltd (0XI) | $462.37 Million | -65.00% | 5.01x | $31.53 Million |
| JIUMAOJIU INTL HLDGS LTD (3YU) | $3.14 Billion | 10.83% | 0.64x | $215.12 Million |
| SHEPHERD NEAME P. CONS. (43Y) | $169.35 Million | -10.51% | 1.18x | $82.80 Million |
| VARIOUS EATERIES LS -01 (63U) | $29.49 Million | -11.38% | 1.50x | $23.11 Million |
| DANIEL THWAITES LS-25 (7KW) | $253.40 Million | 3.00% | 0.43x | $53.77 Million |
| HAIDILAO INT.HLDG LTD (8HI) | $10.42 Billion | 45.19% | 1.19x | $8.36 Billion |
| HELLOFRESH UNSP.ADS/025 (HFG0) | $1.02 Billion | 1.90% | 1.53x | $535.69 Million |
| Domino's Pizza Enterprises Limited (HQX) | $421.96 Million | 37.61% | 4.76x | $895.36 Million |
| COMPASS GROUP (XGR) | $4.81 Billion | 3.55% | 2.06x | $46.25 Billion |
About HelloFresh SE
HelloFresh SE, together with its subsidiaries, operates as meal kit provider in the United States, Canada, and internationally. The company provides meal kits; add-on products including soups, desserts, bakery products, salads, and surcharge products; ready-to-eat meals; and other products. It operates under the HelloFresh, Chefs Plate, Good Chop, Pets Table, EveryPlate, Factor, Green Chef, and Y… Read more