Highlight Communications AG (HLG) - Net Assets

Latest as of December 2025: €-3.34 Million EUR ≈ $-3.91 Million USD

Based on the latest financial reports, Highlight Communications AG (HLG) has net assets worth €-3.34 Million EUR (≈ $-3.91 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 (€554.19 Million ≈ $647.90 Million USD) and total liabilities (€557.53 Million ≈ $651.81 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. Check HLG intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€-3.34 Million
% of Total Assets	-0.6%
Annual Growth Rate	N/A
5-Year Change	-101.7%
10-Year Change	-102.47%
Growth Volatility	33.24

Highlight Communications AG - Net Assets Trend (2002–2025)

This chart illustrates how Highlight Communications AG's net assets have evolved over time, based on quarterly financial data. See how many days can Highlight Communications AG fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Highlight Communications AG (2002–2025)

The table below shows the annual net assets of Highlight Communications AG from 2002 to 2025. For live valuation and market cap data, see Highlight Communications AG (HLG) market capitalisation.

Year	Net Assets	Change
2025-12-31	€-3.34 Million ≈ $-3.91 Million	-102.20%
2024-12-31	€151.85 Million ≈ $177.53 Million	-5.32%
2023-12-31	€160.39 Million ≈ $187.51 Million	-13.78%
2022-12-31	€186.02 Million ≈ $217.48 Million	-5.15%
2021-12-31	€196.12 Million ≈ $229.29 Million	-5.27%
2020-12-31	€207.03 Million ≈ $242.03 Million	+4.72%
2019-12-31	€197.69 Million ≈ $231.12 Million	-12.37%
2018-12-31	€225.58 Million ≈ $263.73 Million	-4.58%
2017-12-31	€236.41 Million ≈ $276.39 Million	+74.75%
2016-12-31	€135.29 Million ≈ $158.17 Million	+30.30%
2015-12-31	€103.83 Million ≈ $121.38 Million	-2.86%
2014-12-31	€106.88 Million ≈ $124.95 Million	-0.34%
2013-12-31	€107.25 Million ≈ $125.38 Million	-2.93%
2012-12-31	€110.48 Million ≈ $129.16 Million	+20.83%
2011-12-31	€91.44 Million ≈ $106.90 Million	+25.98%
2010-12-31	€72.58 Million ≈ $84.85 Million	-34.50%
2009-12-31	€110.80 Million ≈ $129.54 Million	+12.78%
2008-12-31	€98.25 Million ≈ $114.86 Million	+18.35%
2007-12-31	€83.01 Million ≈ $97.05 Million	-5.25%
2006-12-31	€87.61 Million ≈ $102.42 Million	-32.67%
2005-12-31	€130.12 Million ≈ $152.12 Million	-28.01%
2004-12-31	€180.75 Million ≈ $211.31 Million	+11.80%
2003-12-31	€161.68 Million ≈ $189.02 Million	+56.25%
2002-12-31	€103.47 Million ≈ $120.97 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Highlight Communications 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 831.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€107.05 Million	1702.01%
Common Stock	€63.05 Million	1002.39%
Other Comprehensive Income	€-157.55 Million	-2504.87%
Total Equity	€6.29 Million	100.00%

Highlight Communications AG Competitors by Market Cap

The table below lists competitors of Highlight Communications AG ranked by their market capitalization.

Company	Market Cap
Broendbyernes IF Fodbold AS CO:BIF	$48.01 Million
Toba Pulp Lestari Tbk JK:INRU	$48.02 Million
Kukje Pharma Co Ltd KO:002720	$48.02 Million
Space Com TA:SCC	$48.04 Million
Texton Property Fund Ltd JSE:TEX	$48.00 Million
Yuasa Battery (Thailand) Public Company Limited BK:YUASA	$47.97 Million
DK-Lok Corporation KQ:105740	$47.93 Million
Grand Hall Enterprise Co Ltd TWO:8941	$47.93 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Highlight Communications AG's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 144,881,000 to 6,289,808, a change of -138,591,192 (-95.7%).
Net loss of 134,871,691 reduced equity.
Dividend payments of 530,525 reduced retained earnings.
Other comprehensive income decreased equity by 2,657,465.
Other factors decreased equity by 531,511.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€-134.87 Million	-2144.29%
Dividends Paid	€530.52K	-8.43%
Other Comprehensive Income	€-2.66 Million	-42.25%
Other Changes	€-531.51K	-8.45%
Total Change	€-	-95.66%

Book Value vs Market Value Analysis

This analysis compares Highlight Communications 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: 7.00x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 0.43x to 7.00x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€1.81	€0.78	x
2003-12-31	€1.18	€0.78	x
2004-12-31	€1.48	€0.78	x
2005-12-31	€2.08	€0.78	x
2006-12-31	€1.65	€0.78	x
2007-12-31	€1.40	€0.78	x
2008-12-31	€2.00	€0.78	x
2009-12-31	€2.30	€0.78	x
2010-12-31	€1.47	€0.78	x
2011-12-31	€1.71	€0.78	x
2012-12-31	€2.13	€0.78	x
2013-12-31	€2.13	€0.78	x
2014-12-31	€2.17	€0.78	x
2015-12-31	€2.17	€0.78	x
2016-12-31	€3.04	€0.78	x
2017-12-31	€4.13	€0.78	x
2018-12-31	€3.43	€0.78	x
2019-12-31	€3.30	€0.78	x
2020-12-31	€3.35	€0.78	x
2021-12-31	€3.39	€0.78	x
2022-12-31	€3.23	€0.78	x
2023-12-31	€2.79	€0.78	x
2024-12-31	€2.55	€0.78	x
2025-12-31	€0.11	€0.78	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Highlight Communications 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): -2144.29%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -32.94%
• Asset Turnover: 0.74x
• Equity Multiplier: 88.11x
Recent ROE (-2144.29%) is below the historical average (-68.99%), 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	30.35%	15.35%	0.91x	2.18x	€17.17 Million
2003	24.66%	4.68%	0.48x	10.95x	€8.15 Million
2004	43.58%	5.76%	0.91x	8.28x	€23.23 Million
2005	23.72%	4.90%	0.63x	7.69x	€13.09 Million
2006	36.54%	5.21%	0.88x	7.93x	€20.69 Million
2007	53.11%	7.01%	0.70x	10.86x	€27.40 Million
2008	35.42%	6.27%	0.81x	6.98x	€23.31 Million
2009	31.77%	6.51%	0.82x	5.96x	€23.09 Million
2010	63.22%	9.84%	0.83x	7.77x	€35.99 Million
2011	40.01%	8.24%	0.77x	6.32x	€23.71 Million
2012	26.46%	5.99%	1.03x	4.29x	€16.14 Million
2013	10.07%	2.52%	0.87x	4.59x	€63.50K
2014	17.25%	4.04%	1.14x	3.75x	€7.00 Million
2015	18.18%	5.06%	0.76x	4.75x	€7.88 Million
2016	15.12%	4.47%	1.20x	2.82x	€6.68 Million
2017	9.82%	6.07%	0.73x	2.21x	€-426.20K
2018	9.22%	3.46%	0.83x	3.20x	€-1.56 Million
2019	13.44%	5.17%	0.72x	3.60x	€6.44 Million
2020	6.42%	2.94%	0.63x	3.48x	€-6.80 Million
2021	7.70%	2.91%	0.75x	3.51x	€-4.43 Million
2022	-1.61%	-0.56%	0.83x	3.46x	€-21.25 Million
2023	-6.70%	-2.13%	0.83x	3.78x	€-26.45 Million
2024	-19.11%	-6.85%	0.65x	4.31x	€-42.17 Million
2025	-2144.29%	-32.94%	0.74x	88.11x	€-135.50 Million

Industry Comparison

This section compares Highlight Communications AG's net assets metrics with peer companies in the Entertainment industry.

Industry Context

Industry: Entertainment
Average net assets among peers: $576,412,638
Average return on equity (ROE) among peers: -0.57%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Highlight Communications AG (HLG)	€-3.34 Million	30.35%	N/A	$48.01 Million
UNIV.MUSIC GRP.ADR/050 (0VD0)	$2.03 Billion	43.65%	4.96x	$35.12 Billion
IMMOTION GRP LS-0004010 (6XK)	$5.32 Million	-12.42%	0.41x	$217.03K
LINMON MEDIA LTD -000025 (8MN)	$2.31 Billion	-8.17%	0.39x	$91.29 Million
Borussia Dortmund GmbH & Co KGaA (BVB)	$232.64 Million	-31.30%	0.94x	$337.75 Million
Cliq Digital AG (CLIQ)	$40.75 Million	3.32%	0.53x	$21.15 Million
Cliq Digital AG (CLIQ)	$40.75 Million	3.32%	0.53x	$21.26 Million
Edel SE & Co. KGaA (EDL)	$29.84 Million	10.70%	3.47x	$90.20 Million
CTS Eventim AG & Co. KGaA (EVD)	$494.32 Million	-17.82%	2.69x	$4.89 Billion
Omiris AG (HBD1)	$254.14K	3.58%	0.15x	$167.69 Million

About Highlight Communications AG

XETRA:HLG Germany Entertainment

Market Cap

$51.48 Million

€44.03 Million EUR

Market Cap Rank

#22127 Global

#1958 in Germany

Share Price

€0.78

Change (1 day)

-0.26%

52-Week Range

€0.73 - €1.52

All Time High

€5.34