Indus Holding AG (INH) - Net Assets
Based on the latest financial reports, Indus Holding AG (INH) has net assets worth €719.23 Million EUR (≈ $840.86 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.92 Billion ≈ $2.25 Billion USD) and total liabilities (€1.20 Billion ≈ $1.40 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 asset resilience ratio of Indus Holding AG to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €719.23 Million |
| % of Total Assets | 37.44% |
| Annual Growth Rate | 6.81% |
| 5-Year Change | 3.5% |
| 10-Year Change | 17.56% |
| Growth Volatility | 10.08 |
Indus Holding AG - Net Assets Trend (2004–2024)
This chart illustrates how Indus Holding AG's net assets have evolved over time, based on quarterly financial data. Also explore INH total assets for the complete picture of this company's asset base.
Annual Net Assets for Indus Holding AG (2004–2024)
The table below shows the annual net assets of Indus Holding AG from 2004 to 2024. For live valuation and market cap data, see INH company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €700.00 Million ≈ $818.37 Million |
-2.73% |
| 2023-12-31 | €719.66 Million ≈ $841.36 Million |
+5.03% |
| 2022-12-31 | €685.22 Million ≈ $801.10 Million |
-12.98% |
| 2021-12-31 | €787.47 Million ≈ $920.64 Million |
+16.43% |
| 2020-12-31 | €676.35 Million ≈ $790.73 Million |
-7.06% |
| 2019-12-31 | €727.72 Million ≈ $850.78 Million |
+2.52% |
| 2018-12-31 | €709.83 Million ≈ $829.86 Million |
+5.34% |
| 2017-12-31 | €673.81 Million ≈ $787.76 Million |
+4.54% |
| 2016-12-31 | €644.57 Million ≈ $753.57 Million |
+8.25% |
| 2015-12-31 | €595.43 Million ≈ $696.12 Million |
+8.29% |
| 2014-12-31 | €549.87 Million ≈ $642.86 Million |
+6.70% |
| 2013-12-31 | €515.33 Million ≈ $602.47 Million |
+25.66% |
| 2012-12-31 | €410.11 Million ≈ $479.46 Million |
+7.33% |
| 2011-12-31 | €382.10 Million ≈ $446.71 Million |
+23.46% |
| 2010-12-31 | €309.49 Million ≈ $361.83 Million |
+28.04% |
| 2009-12-31 | €241.71 Million ≈ $282.59 Million |
-2.30% |
| 2008-12-31 | €247.41 Million ≈ $289.25 Million |
+6.61% |
| 2007-12-31 | €232.07 Million ≈ $271.32 Million |
+14.29% |
| 2006-12-31 | €203.06 Million ≈ $237.39 Million |
+4.35% |
| 2005-12-31 | €194.60 Million ≈ $227.51 Million |
+3.89% |
| 2004-12-31 | €187.30 Million ≈ $218.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Indus Holding 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 1168.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €350.99 Million | 50.32% |
| Common Stock | €69.93 Million | 10.02% |
| Other Comprehensive Income | €219.00K | 0.03% |
| Other Components | €276.40 Million | 39.63% |
| Total Equity | €697.54 Million | 100.00% |
Indus Holding AG Competitors by Market Cap
The table below lists competitors of Indus Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KMW Inc.
KQ:032500
|
$821.46 Million |
|
Aeva Technologies, Inc. Common Stock
NASDAQ:AEVA
|
$821.47 Million |
|
MLP SE
XETRA:MLP
|
$821.56 Million |
|
BANPU POWER
BK:BPP-R
|
$821.71 Million |
|
Yieh Phui Enterprise Co Ltd
TW:2023
|
$820.95 Million |
|
Lotte Rental Co Ltd
KO:089860
|
$820.93 Million |
|
Gubra A/S
CO:GUBRA
|
$820.85 Million |
|
Africa Oil Corp
TO:AOI
|
$820.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indus Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 717,937,000 to 697,543,000, a change of -20,394,000 (-2.8%).
- Net income of 53,709,000 contributed positively to equity growth.
- Dividend payments of 30,955,000 reduced retained earnings.
- Share repurchases of 41,741,000 reduced equity.
- Other comprehensive income decreased equity by 1,140,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €53.71 Million | +7.7% |
| Dividends Paid | €30.95 Million | -4.44% |
| Share Repurchases | €41.74 Million | -5.98% |
| Other Comprehensive Income | €-1.14 Million | -0.16% |
| Other Changes | €-267.00K | -0.04% |
| Total Change | €- | -2.84% |
Book Value vs Market Value Analysis
This analysis compares Indus Holding 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: 1.11x
- 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 2.87x to 1.11x 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 | €10.41 | €29.90 | x |
| 2005-12-31 | €10.81 | €29.90 | x |
| 2006-12-31 | €11.28 | €29.90 | x |
| 2007-12-31 | €12.78 | €29.90 | x |
| 2008-12-31 | €13.34 | €29.90 | x |
| 2009-12-31 | €13.06 | €29.90 | x |
| 2010-12-31 | €16.48 | €29.90 | x |
| 2011-12-31 | €18.52 | €29.90 | x |
| 2012-12-31 | €18.39 | €29.90 | x |
| 2013-12-31 | €22.97 | €29.90 | x |
| 2014-12-31 | €22.41 | €29.90 | x |
| 2015-12-31 | €24.24 | €29.90 | x |
| 2016-12-31 | €26.25 | €29.90 | x |
| 2017-12-31 | €27.44 | €29.90 | x |
| 2018-12-31 | €28.92 | €29.90 | x |
| 2019-12-31 | €29.69 | €29.90 | x |
| 2020-12-31 | €27.62 | €29.90 | x |
| 2021-12-31 | €29.83 | €29.90 | x |
| 2022-12-31 | €25.40 | €29.90 | x |
| 2023-12-31 | €26.69 | €29.90 | x |
| 2024-12-31 | €26.87 | €29.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indus Holding 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): 7.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.12%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.59x
- Recent ROE (7.70%) is below the historical average (9.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 11.55% | 3.05% | 0.98x | 3.88x | €3.79 Million |
| 2009 | 4.75% | 1.48% | 0.84x | 3.81x | €-12.59 Million |
| 2010 | 15.25% | 4.83% | 1.00x | 3.16x | €16.16 Million |
| 2011 | 14.62% | 5.04% | 1.06x | 2.73x | €17.58 Million |
| 2012 | 12.73% | 4.71% | 1.05x | 2.57x | €11.18 Million |
| 2013 | 12.41% | 5.34% | 1.01x | 2.29x | €12.38 Million |
| 2014 | 11.52% | 5.03% | 0.96x | 2.39x | €8.35 Million |
| 2015 | 11.46% | 4.89% | 0.98x | 2.40x | €8.65 Million |
| 2016 | 12.47% | 5.54% | 0.95x | 2.37x | €15.85 Million |
| 2017 | 12.27% | 5.02% | 0.99x | 2.46x | €15.25 Million |
| 2018 | 10.02% | 4.14% | 0.99x | 2.43x | €141.70K |
| 2019 | 8.19% | 3.41% | 0.96x | 2.49x | €-13.13 Million |
| 2020 | -3.98% | -1.73% | 0.90x | 2.56x | €-94.43 Million |
| 2021 | 5.96% | 2.69% | 0.94x | 2.36x | €-31.75 Million |
| 2022 | 10.67% | 4.04% | 0.95x | 2.77x | €4.57 Million |
| 2023 | 7.72% | 3.07% | 0.94x | 2.69x | €-16.36 Million |
| 2024 | 7.70% | 3.12% | 0.95x | 2.59x | €-16.05 Million |
Industry Comparison
This section compares Indus Holding AG's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $475,723,906,303
- Average return on equity (ROE) among peers: 10.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indus Holding AG (INH) | €719.23 Million | 11.55% | 1.67x | $821.23 Million |
| NRW Holdings Limited (3NR) | $652.56 Million | 16.11% | 1.47x | $1.52 Billion |
| Orbia Advance Corporation S.A.B. de C.V (4FZ) | $3.18 Billion | 6.12% | 2.21x | $2.03 Billion |
| Sumitomo Mitsui Construction Co. Ltd (72S) | $40.19 Billion | 17.31% | 5.95x | $505.15 Million |
| Pampa Energía S.A (9PAA) | $144.29 Billion | 28.73% | 1.36x | $3.97 Billion |
| ASAHI KASEI CORP. ADR/2 (ASA) | $1.85 Trillion | 2.37% | 0.98x | $11.73 Billion |
| BayWa Aktiengesellschaft (BYW) | $1.36 Billion | 2.70% | 5.53x | $42.05 Million |
| BayWa AG vNa (BYW6) | $915.11 Million | 8.39% | 2.35x | $185.56 Million |
| HPI AG (CEW3) | $6.34 Million | 6.60% | 2.25x | $215.77K |
| FUJIFILM HDGS CORP. ADR 1 (FJIA) | $2.52 Trillion | 8.36% | 0.57x | $20.40 Billion |
| Fosun International Limited (FNI) | $193.09 Billion | 4.15% | 2.98x | $3.69 Billion |
About Indus Holding AG
INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring. The firm typically invests in midd… Read more