DFDS A/S (DFDS) - Net Assets
Based on the latest financial reports, DFDS A/S (DFDS) has net assets worth Dkr13.69 Billion DKK (≈ $2.14 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr38.18 Billion ≈ $5.97 Billion USD) and total liabilities (Dkr24.49 Billion ≈ $3.83 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 balance sheet size of DFDS A/S for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr13.69 Billion |
| % of Total Assets | 35.86% |
| Annual Growth Rate | 7.62% |
| 5-Year Change | 31.03% |
| 10-Year Change | 112.7% |
| Growth Volatility | 15.97 |
DFDS A/S - Net Assets Trend (2000–2024)
This chart illustrates how DFDS A/S's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see DFDS market cap overview.
Annual Net Assets for DFDS A/S (2000–2024)
The table below shows the annual net assets of DFDS A/S from 2000 to 2024. Explore DFDS operating cash flow to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr13.89 Billion ≈ $2.17 Billion |
-0.21% |
| 2023-12-31 | Dkr13.92 Billion ≈ $2.18 Billion |
+5.95% |
| 2022-12-31 | Dkr13.14 Billion ≈ $2.06 Billion |
+13.69% |
| 2021-12-31 | Dkr11.55 Billion ≈ $1.81 Billion |
+9.00% |
| 2020-12-31 | Dkr10.60 Billion ≈ $1.66 Billion |
+2.36% |
| 2019-12-31 | Dkr10.36 Billion ≈ $1.62 Billion |
+11.90% |
| 2018-12-31 | Dkr9.25 Billion ≈ $1.45 Billion |
+39.93% |
| 2017-12-31 | Dkr6.61 Billion ≈ $1.03 Billion |
-1.06% |
| 2016-12-31 | Dkr6.68 Billion ≈ $1.05 Billion |
+2.37% |
| 2015-12-31 | Dkr6.53 Billion ≈ $1.02 Billion |
+6.57% |
| 2014-12-31 | Dkr6.13 Billion ≈ $958.64 Million |
-3.02% |
| 2013-12-31 | Dkr6.32 Billion ≈ $988.52 Million |
-9.34% |
| 2012-12-31 | Dkr6.97 Billion ≈ $1.09 Billion |
+0.07% |
| 2011-12-31 | Dkr6.96 Billion ≈ $1.09 Billion |
+8.87% |
| 2010-12-31 | Dkr6.40 Billion ≈ $1.00 Billion |
+71.26% |
| 2009-12-31 | Dkr3.73 Billion ≈ $584.35 Million |
+7.19% |
| 2008-12-31 | Dkr3.48 Billion ≈ $545.17 Million |
-4.62% |
| 2007-12-31 | Dkr3.65 Billion ≈ $571.59 Million |
+11.89% |
| 2006-12-31 | Dkr3.27 Billion ≈ $510.87 Million |
+12.45% |
| 2005-12-31 | Dkr2.90 Billion ≈ $454.30 Million |
+7.27% |
| 2004-12-31 | Dkr2.71 Billion ≈ $423.52 Million |
-1.58% |
| 2003-12-31 | Dkr2.75 Billion ≈ $430.32 Million |
+2.11% |
| 2002-12-31 | Dkr2.69 Billion ≈ $421.42 Million |
+2.59% |
| 2001-12-31 | Dkr2.63 Billion ≈ $410.77 Million |
+10.21% |
| 2000-12-31 | Dkr2.38 Billion ≈ $372.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to DFDS A/S'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 1249.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr13.14 Billion | 95.16% |
| Common Stock | Dkr1.16 Billion | 8.39% |
| Other Comprehensive Income | Dkr-411.00 Million | -2.98% |
| Total Equity | Dkr13.81 Billion | 100.00% |
DFDS A/S Competitors by Market Cap
The table below lists competitors of DFDS A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongwon Ind
KO:006040
|
$1.15 Billion |
|
Ningbo Kangqiang Electronics Co Ltd
SHE:002119
|
$1.15 Billion |
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
$1.15 Billion |
|
Jiaxing ZMAX Optech Co. Ltd. A
SHG:688307
|
$1.15 Billion |
|
Gibraltar Industries Inc
NASDAQ:ROCK
|
$1.15 Billion |
|
NPK International Inc.
NYSE:NPKI
|
$1.15 Billion |
|
Fujian Longma Envi Sanitation
SHG:603686
|
$1.15 Billion |
|
Two Harbors Investments Corp
NYSE:TWO
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DFDS A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,827,000,000 to 13,814,000,000, a change of -13,000,000 (-0.1%).
- Net income of 534,000,000 contributed positively to equity growth.
- Dividend payments of 168,000,000 reduced retained earnings.
- Share repurchases of 431,000,000 reduced equity.
- Other comprehensive income decreased equity by 8,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr534.00 Million | +3.87% |
| Dividends Paid | Dkr168.00 Million | -1.22% |
| Share Repurchases | Dkr431.00 Million | -3.12% |
| Other Comprehensive Income | Dkr-8.00 Million | -0.06% |
| Other Changes | Dkr60.00 Million | +0.43% |
| Total Change | Dkr- | -0.09% |
Book Value vs Market Value Analysis
This analysis compares DFDS A/S'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: 0.55x
- 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 2.63x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Dkr51.96 | Dkr136.50 | x |
| 2003-12-31 | Dkr54.06 | Dkr136.50 | x |
| 2004-12-31 | Dkr55.81 | Dkr136.50 | x |
| 2005-12-31 | Dkr62.69 | Dkr136.50 | x |
| 2006-12-31 | Dkr72.58 | Dkr136.50 | x |
| 2007-12-31 | Dkr80.88 | Dkr136.50 | x |
| 2008-12-31 | Dkr78.18 | Dkr136.50 | x |
| 2009-12-31 | Dkr83.65 | Dkr136.50 | x |
| 2010-12-31 | Dkr115.53 | Dkr136.50 | x |
| 2011-12-31 | Dkr94.35 | Dkr136.50 | x |
| 2012-12-31 | Dkr95.35 | Dkr136.50 | x |
| 2013-12-31 | Dkr89.76 | Dkr136.50 | x |
| 2014-12-31 | Dkr96.73 | Dkr136.50 | x |
| 2015-12-31 | Dkr105.62 | Dkr136.50 | x |
| 2016-12-31 | Dkr112.97 | Dkr136.50 | x |
| 2017-12-31 | Dkr117.08 | Dkr136.50 | x |
| 2018-12-31 | Dkr162.58 | Dkr136.50 | x |
| 2019-12-31 | Dkr179.04 | Dkr136.50 | x |
| 2020-12-31 | Dkr183.40 | Dkr136.50 | x |
| 2021-12-31 | Dkr199.06 | Dkr136.50 | x |
| 2022-12-31 | Dkr227.07 | Dkr136.50 | x |
| 2023-12-31 | Dkr244.82 | Dkr136.50 | x |
| 2024-12-31 | Dkr249.85 | Dkr136.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DFDS A/S 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): 3.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.84x
- Recent ROE (3.87%) is above the historical average (3.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -58.61% | -28.46% | 0.71x | 2.91x | Dkr-1.62 Billion |
| 2003 | -81.27% | -37.93% | 0.75x | 2.85x | Dkr-2.24 Billion |
| 2004 | 7.26% | 3.04% | 0.72x | 3.30x | Dkr-65.57 Million |
| 2005 | 7.44% | 3.20% | 0.74x | 3.13x | Dkr-69.23 Million |
| 2006 | 11.17% | 4.68% | 0.75x | 3.17x | Dkr36.81 Million |
| 2007 | 11.32% | 4.82% | 0.86x | 2.72x | Dkr46.62 Million |
| 2008 | 7.41% | 3.09% | 0.95x | 2.52x | Dkr-88.32 Million |
| 2009 | 2.44% | 1.36% | 0.71x | 2.55x | Dkr-275.24 Million |
| 2010 | 8.24% | 5.29% | 0.71x | 2.18x | Dkr-111.68 Million |
| 2011 | 10.64% | 6.32% | 0.91x | 1.85x | Dkr43.97 Million |
| 2012 | 2.15% | 1.27% | 0.95x | 1.78x | Dkr-543.10 Million |
| 2013 | 5.19% | 2.69% | 0.98x | 1.97x | Dkr-301.10 Million |
| 2014 | 7.15% | 3.40% | 1.04x | 2.02x | Dkr-172.89 Million |
| 2015 | 15.61% | 7.51% | 1.07x | 1.95x | Dkr363.47 Million |
| 2016 | 23.33% | 11.23% | 1.06x | 1.96x | Dkr884.46 Million |
| 2017 | 24.63% | 11.28% | 1.08x | 2.03x | Dkr960.24 Million |
| 2018 | 17.76% | 10.37% | 0.71x | 2.41x | Dkr712.02 Million |
| 2019 | 12.74% | 7.89% | 0.62x | 2.61x | Dkr281.40 Million |
| 2020 | 4.12% | 3.10% | 0.52x | 2.57x | Dkr-618.10 Million |
| 2021 | 8.37% | 5.36% | 0.58x | 2.68x | Dkr-186.60 Million |
| 2022 | 15.44% | 7.48% | 0.79x | 2.62x | Dkr707.80 Million |
| 2023 | 10.86% | 5.50% | 0.78x | 2.52x | Dkr118.30 Million |
| 2024 | 3.87% | 1.79% | 0.76x | 2.84x | Dkr-847.40 Million |
Industry Comparison
This section compares DFDS A/S's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $11,415,710,629
- Average return on equity (ROE) among peers: 11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DFDS A/S (DFDS) | Dkr13.69 Billion | -58.61% | 1.79x | $1.15 Billion |
| Dampskibsselskabet Norden AS (DNORD) | $632.64 Million | 27.64% | 1.83x | $1.33 Billion |
| Erria A/S (ERRIA) | $300.41 Million | 5.03% | 1.38x | $6.88 Million |
| A.P. Møller - Mærsk A/S (MAERSK-A) | $28.84 Billion | 1.77% | 0.92x | $22.40 Billion |
| A.P. Møller - Mærsk A/S (MAERSK-B) | $15.68 Billion | 18.76% | 0.87x | $11.80 Billion |
| Svitzer Group A/S (SVITZR) | $11.63 Billion | 4.62% | 0.17x | $1.36 Billion |
About DFDS A/S
DFDS A/S provides logistics solutions and services in Denmark and internationally. The company operates through Ferry and Logistics divisions. The Ferry division operates ferry routes connecting Europe to Türkiye and northern Africa, transporting freight units, primarily trailers and passengers, as well as offers port terminal services. This division provides ferry services primarily to forwarder… Read more