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
Ernst Russ AG (HXCK) - Net Assets
Latest net assets as of September 2025: €300.24 Million EUR
Based on the latest financial reports, Ernst Russ AG (HXCK) has net assets worth €300.24 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€345.16 Million) and total liabilities (€44.93 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €300.24 Million |
| % of Total Assets | 86.98% |
| Annual Growth Rate | 12.37% |
| 5-Year Change | 232.39% |
| 10-Year Change | 1150.0% |
| Growth Volatility | 82.53 |
Ernst Russ AG - Net Assets Trend (2004–2024)
This chart illustrates how Ernst Russ AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ernst Russ AG (2004–2024)
The table below shows the annual net assets of Ernst Russ AG from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €266.37 Million | +2.42% |
| 2023-12-31 | €260.09 Million | +25.35% |
| 2022-12-31 | €207.50 Million | +45.28% |
| 2021-12-31 | €142.82 Million | +78.22% |
| 2020-12-31 | €80.14 Million | +16.57% |
| 2019-12-31 | €68.75 Million | +34.55% |
| 2018-12-31 | €51.09 Million | +13.91% |
| 2017-12-31 | €44.86 Million | +16.25% |
| 2016-12-31 | €38.59 Million | +81.07% |
| 2015-12-31 | €21.31 Million | +5.05% |
| 2014-12-31 | €20.29 Million | +0.91% |
| 2013-12-31 | €20.10 Million | +1.72% |
| 2012-12-31 | €19.76 Million | -27.78% |
| 2011-12-31 | €27.37 Million | -40.69% |
| 2010-12-31 | €46.14 Million | +39.47% |
| 2009-12-31 | €33.08 Million | -62.25% |
| 2008-12-31 | €87.65 Million | -25.74% |
| 2007-12-31 | €118.03 Million | -4.31% |
| 2006-12-31 | €123.35 Million | +4.93% |
| 2005-12-31 | €117.55 Million | +354.93% |
| 2004-12-31 | €25.84 Million | -- |
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 2130.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €128.31 Million | 70.95% |
| Common Stock | €33.69 Million | 18.63% |
| Other Components | €18.85 Million | 10.42% |
| Total Equity | €180.85 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 |
|---|---|
|
Castles Technology Co Ltd
TW:5258
|
$117.50 Million |
|
Willow Lane Acquisition Corp. Class A Ordinary Shares
NASDAQ:WLAC
|
$117.50 Million |
|
ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SHG:603976
|
$117.51 Million |
|
Sukgyung AT Co. Ltd.
KQ:357550
|
$117.58 Million |
|
Shenzhen Tellus Holding Co Ltd
SHE:200025
|
$117.48 Million |
|
PANTHEON RESOURCES LS-01
F:P3K
|
$117.47 Million |
|
Amtech Systems Inc
NASDAQ:ASYS
|
$117.44 Million |
|
Aekyung Petrochemical Co Ltd
KO:161000
|
$117.40 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 2023 to 2024, total equity changed from 170,682,000 to 180,846,000, a change of 10,164,000 (6.0%).
- Net income of 42,472,000 contributed positively to equity growth.
- Dividend payments of 47,646,000 reduced retained earnings.
- Share repurchases of 3,584,000 reduced equity.
- New share issuances of 65,000 increased equity.
- Other comprehensive income increased equity by 868,000.
- Other factors increased equity by 17,989,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €42.47 Million | +23.49% |
| Dividends Paid | €47.65 Million | -26.35% |
| Share Repurchases | €3.58 Million | -1.98% |
| Share Issuances | €65.00K | +0.04% |
| Other Comprehensive Income | €868.00K | +0.48% |
| Other Changes | €17.99 Million | +9.95% |
| Total Change | €- | 5.95% |
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: 1.38x
- 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 5.10x to 1.38x 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 | €1.45 | €7.40 | x |
| 2005-12-31 | €5.41 | €7.40 | x |
| 2006-12-31 | €4.95 | €7.40 | x |
| 2007-12-31 | €4.53 | €7.40 | x |
| 2008-12-31 | €3.53 | €7.40 | x |
| 2009-12-31 | €1.33 | €7.40 | x |
| 2010-12-31 | €1.68 | €7.40 | x |
| 2011-12-31 | €1.25 | €7.40 | x |
| 2012-12-31 | €0.77 | €7.40 | x |
| 2013-12-31 | €0.74 | €7.40 | x |
| 2014-12-31 | €0.85 | €7.40 | x |
| 2015-12-31 | €0.77 | €7.40 | x |
| 2016-12-31 | €1.16 | €7.40 | x |
| 2017-12-31 | €1.33 | €7.40 | x |
| 2018-12-31 | €1.52 | €7.40 | x |
| 2019-12-31 | €1.59 | €7.40 | x |
| 2020-12-31 | €1.67 | €7.40 | x |
| 2021-12-31 | €2.22 | €7.40 | x |
| 2022-12-31 | €3.47 | €7.40 | x |
| 2023-12-31 | €5.14 | €7.40 | x |
| 2024-12-31 | €5.37 | €7.40 | 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): 23.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.59%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.96x
- Recent ROE (23.49%) is above the historical average (-0.87%), 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 |
Industry Comparison
This section compares Ernst Russ AG's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ernst Russ AG (HXCK) | €300.24 Million | 79.76% | 0.15x | $117.49 Million |
| Hanna Capital Corp (04U1) | $-79.29K | 0.00% | 0.00x | $116.52K |
| WESTMINSTER RES (08W) | $4.66 Million | -31.33% | 0.12x | $5.16 Million |
| Axonics Inc (0I3) | $570.14 Million | -10.47% | 0.16x | $3.29 Billion |
| Global Bioenergies SA (1DK) | $14.81 Million | -86.04% | 0.89x | $369.68K |
| GIEAG Immobilien AG (2GI) | $41.80 Million | 40.21% | 8.93x | $15.57K |
| 2invest AG (2INV) | $82.61 Million | -2.29% | 0.06x | $13.67 Million |
| PT Central Proteina Prima Tbk (4PT) | $3.42 Trillion | 11.74% | 1.00x | $6.90 Million |
| DGH Deutsche Grundwert Holding AG (5TR) | $0.00 | 0.00% | 0.00x | $18.45K |
| SOFTCHOICE CORP. (90Q) | $58.23 Million | -19.76% | 10.01x | $470.36 Million |
| ALBA SE (ABA) | $142.95 Million | 5.25% | 0.45x | $5.10 Million |