Salzgitter AG Net Assets
Salzgitter AG net assets. Based on the latest financial reports, Salzgitter AG (SZG) has net assets worth €4.57 Billion EUR (≈ $5.34 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.82 Billion ≈ $12.65 Billion USD) and total liabilities (€6.25 Billion ≈ $7.31 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 SZG net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.57 Billion |
| % of Total Assets | 42.21% |
| Annual Growth Rate | 6.31% |
| 5-Year Change | 32.04% |
| 10-Year Change | 55.43% |
| Growth Volatility | 23.58 |
Net Assets of Salzgitter AG (1999–2025)
Net assets of Salzgitter AG from 1999 to 2025. This chart illustrates how Salzgitter AG's net assets have evolved over time, based on quarterly financial data. See SZG net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Salzgitter AG (1999–2025)
The table below shows the annual net assets of Salzgitter AG from 1999 to 2025. For live market cap and overall valuation, see Salzgitter AG market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €4.43 Billion ≈ $5.18 Billion |
-0.36% |
| 2024-12-31 | €4.45 Billion ≈ $5.20 Billion |
-7.98% |
| 2023-12-31 | €4.83 Billion ≈ $5.65 Billion |
-0.33% |
| 2022-12-31 | €4.85 Billion ≈ $5.67 Billion |
+44.49% |
| 2021-12-31 | €3.36 Billion ≈ $3.92 Billion |
+25.31% |
| 2020-12-31 | €2.68 Billion ≈ $3.13 Billion |
-8.84% |
| 2019-12-31 | €2.94 Billion ≈ $3.44 Billion |
-11.81% |
| 2018-12-31 | €3.33 Billion ≈ $3.90 Billion |
+11.45% |
| 2017-12-31 | €2.99 Billion ≈ $3.50 Billion |
+4.83% |
| 2016-12-31 | €2.85 Billion ≈ $3.33 Billion |
-1.41% |
| 2015-12-31 | €2.89 Billion ≈ $3.38 Billion |
+0.60% |
| 2014-12-31 | €2.88 Billion ≈ $3.36 Billion |
-9.77% |
| 2013-12-31 | €3.19 Billion ≈ $3.73 Billion |
-12.53% |
| 2012-12-31 | €3.64 Billion ≈ $4.26 Billion |
-8.91% |
| 2011-12-31 | €4.00 Billion ≈ $4.68 Billion |
+4.00% |
| 2010-12-31 | €3.85 Billion ≈ $4.50 Billion |
-1.50% |
| 2009-12-31 | €3.90 Billion ≈ $4.56 Billion |
-10.17% |
| 2008-12-31 | €4.35 Billion ≈ $5.08 Billion |
+3.57% |
| 2007-12-31 | €4.20 Billion ≈ $4.91 Billion |
+21.74% |
| 2006-12-31 | €3.45 Billion ≈ $4.03 Billion |
+72.15% |
| 2005-12-31 | €2.00 Billion ≈ $2.34 Billion |
+80.59% |
| 2004-12-31 | €1.11 Billion ≈ $1.30 Billion |
+11.28% |
| 2003-12-31 | €996.41 Million ≈ $1.16 Billion |
-5.37% |
| 2002-12-31 | €1.05 Billion ≈ $1.23 Billion |
-4.80% |
| 2001-12-31 | €1.11 Billion ≈ $1.29 Billion |
+20.34% |
| 2000-12-31 | €919.17 Million ≈ $1.07 Billion |
+1.77% |
| 1999-12-31 | €903.15 Million ≈ $1.06 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Salzgitter 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 1000.5% over the analyzed period, indicating profitable operations and earnings retention.
Salzgitter AG Net Assets Breakdown (December 2025)
Salzgitter AG net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.36 Billion | 98.43% |
| Common Stock | €161.60 Million | 3.65% |
| Other Comprehensive Income | €20.60 Million | 0.47% |
| Total Equity | €4.43 Billion | 100.00% |
Salzgitter AG Competitors by Market Cap
The table below lists competitors of Salzgitter AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kenon Holdings
TA:KEN
|
$2.98 Billion |
|
Pingdingshan Tianan Coal Mining Co Ltd
SHG:601666
|
$2.98 Billion |
|
Ionic Digital Inc. Class A Common Stock
NASDAQ:IOND
|
$2.98 Billion |
|
Delek Logistics Partners LP
NYSE:DKL
|
$2.98 Billion |
|
SPS Commerce Inc
NASDAQ:SPSC
|
$2.98 Billion |
|
WD-40 Company
NASDAQ:WDFC
|
$2.98 Billion |
|
Minmetals Capital Co Ltd
SHG:600390
|
$2.98 Billion |
|
Acter Co Ltd
TWO:5536
|
$2.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Salzgitter AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,441,400,000 to 4,425,500,000, a change of -15,900,000 (-0.4%).
- Net loss of 74,200,000 reduced equity.
- Dividend payments of 10,800,000 reduced retained earnings.
- Other comprehensive income decreased equity by 55,100,001.
- Other factors increased equity by 124,200,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-74.20 Million | -1.68% |
| Dividends Paid | €10.80 Million | -0.24% |
| Other Comprehensive Income | €-55.10 Million | -1.25% |
| Other Changes | €124.20 Million | +2.81% |
| Total Change | €- | -0.36% |
Book Value vs Market Value Analysis
This analysis compares Salzgitter 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: 0.58x
- 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 3.28x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | €14.38 | €47.10 | x |
| 2000-12-31 | €14.47 | €47.10 | x |
| 2001-12-31 | €17.06 | €47.10 | x |
| 2002-12-31 | €16.03 | €47.10 | x |
| 2003-12-31 | €15.71 | €47.10 | x |
| 2004-12-31 | €17.63 | €47.10 | x |
| 2005-12-31 | €31.67 | €47.10 | x |
| 2006-12-31 | €54.53 | €47.10 | x |
| 2007-12-31 | €75.39 | €47.10 | x |
| 2008-12-31 | €79.88 | €47.10 | x |
| 2009-12-31 | €71.97 | €47.10 | x |
| 2010-12-31 | €70.91 | €47.10 | x |
| 2011-12-31 | €72.28 | €47.10 | x |
| 2012-12-31 | €67.21 | €47.10 | x |
| 2013-12-31 | €58.77 | €47.10 | x |
| 2014-12-31 | €53.02 | €47.10 | x |
| 2015-12-31 | €53.33 | €47.10 | x |
| 2016-12-31 | €49.36 | €47.10 | x |
| 2017-12-31 | €51.73 | €47.10 | x |
| 2018-12-31 | €57.63 | €47.10 | x |
| 2019-12-31 | €54.15 | €47.10 | x |
| 2020-12-31 | €49.36 | €47.10 | x |
| 2021-12-31 | €61.87 | €47.10 | x |
| 2022-12-31 | €89.49 | €47.10 | x |
| 2023-12-31 | €89.24 | €47.10 | x |
| 2024-12-31 | €82.12 | €47.10 | x |
| 2025-12-31 | €81.82 | €47.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Salzgitter 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): -1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.83%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.37x
- Recent ROE (-1.68%) is below the historical average (6.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 1.48% | 0.50% | 1.20x | 2.46x | €-76.40 Million |
| 2000 | 1.36% | 1.21% | 0.30x | 3.76x | €-77.97 Million |
| 2001 | 13.02% | 3.02% | 1.21x | 3.58x | €32.19 Million |
| 2002 | 6.44% | 1.36% | 1.25x | 3.81x | €-35.65 Million |
| 2003 | 2.86% | 0.58% | 1.32x | 3.75x | €-69.97 Million |
| 2004 | 22.05% | 4.12% | 1.40x | 3.82x | €133.62 Million |
| 2005 | 42.05% | 11.77% | 1.32x | 2.70x | €641.85 Million |
| 2006 | 43.74% | 17.85% | 1.21x | 2.02x | €1.16 Billion |
| 2007 | 21.47% | 8.84% | 1.21x | 2.00x | €481.50 Million |
| 2008 | 15.67% | 5.42% | 1.44x | 2.01x | €245.02 Million |
| 2009 | -9.94% | -4.95% | 0.97x | 2.07x | €-776.03 Million |
| 2010 | 0.78% | 0.36% | 0.96x | 2.27x | €-353.53 Million |
| 2011 | 5.91% | 2.34% | 1.15x | 2.21x | €-163.08 Million |
| 2012 | -2.81% | -0.98% | 1.16x | 2.46x | €-465.53 Million |
| 2013 | -15.49% | -5.33% | 1.15x | 2.54x | €-810.18 Million |
| 2014 | -1.21% | -0.38% | 1.06x | 2.96x | €-321.47 Million |
| 2015 | -1.67% | -0.57% | 1.03x | 2.87x | €-336.57 Million |
| 2016 | 1.91% | 0.69% | 0.93x | 2.97x | €-230.28 Million |
| 2017 | 6.38% | 2.12% | 1.08x | 2.79x | €-107.86 Million |
| 2018 | 8.24% | 2.95% | 1.06x | 2.64x | €-58.59 Million |
| 2019 | -8.10% | -2.78% | 0.99x | 2.94x | €-530.20 Million |
| 2020 | -10.26% | -3.86% | 0.86x | 3.09x | €-540.88 Million |
| 2021 | 17.37% | 5.95% | 0.95x | 3.06x | €246.47 Million |
| 2022 | 22.34% | 8.62% | 1.13x | 2.29x | €597.48 Million |
| 2023 | 4.15% | 1.85% | 1.03x | 2.18x | €-282.59 Million |
| 2024 | -7.93% | -3.52% | 0.96x | 2.36x | €-796.34 Million |
| 2025 | -1.68% | -0.83% | 0.86x | 2.37x | €-516.75 Million |
Industry Comparison
This section compares Salzgitter AG's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $33,228,713,100
- Average return on equity (ROE) among peers: 5.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Salzgitter AG (SZG) | €4.57 Billion | 1.48% | 1.37x | $2.98 Billion |
| Tiangong International Company Limited (34T1) | $4.82 Billion | 5.37% | 1.08x | $879.28 Million |
| Zanaga Iron Ore Company Limited (6ZA) | $39.42 Million | -4.71% | 0.00x | $12.65 Million |
| Aperam SA (7AA) | $2.95 Billion | 32.78% | 1.00x | $2.88 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.21 Billion | 0.28% | 0.61x | $2.98 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.10 Billion | -1.91% | 1.68x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $2.97 Billion | 9.73% | 0.76x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $104.12 Million | 0.36% | 0.31x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $16.80 Billion | 1.90% | 0.49x | $55.68 Million |
| Da Ming International Holdings Limited (DM7) | $2.01 Billion | 8.26% | 1.97x | $50.35 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $297.28 Billion | 0.17% | 0.88x | $3.66 Billion |
About Salzgitter AG
Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. The company operates through four segments: Steel Production, Steel Processing, Trading, and Technology. Its Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading. The Steel Processing segment… Read more