DSV Panalpina A/S (DSV) - Net Assets

Latest as of December 2025: Dkr117.69 Billion DKK ≈ $18.41 Billion USD

Based on the latest financial reports, DSV Panalpina A/S (DSV) has net assets worth Dkr117.69 Billion DKK (≈ $18.41 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr290.37 Billion ≈ $45.43 Billion USD) and total liabilities (Dkr172.68 Billion ≈ $27.02 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 DSV Panalpina A/S (DSV) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Dkr117.69 Billion
% of Total Assets 40.53%
Annual Growth Rate 23.14%
5-Year Change 58.45%
10-Year Change 779.73%
Growth Volatility 63.7

DSV Panalpina A/S - Net Assets Trend (2000–2025)

This chart illustrates how DSV Panalpina A/S's net assets have evolved over time, based on quarterly financial data. Also explore DSV total assets for the complete picture of this company's asset base.

Annual Net Assets for DSV Panalpina A/S (2000–2025)

The table below shows the annual net assets of DSV Panalpina A/S from 2000 to 2025. For live valuation and market cap data, see DSV Panalpina A/S (DSV) market capitalisation.

Year Net Assets Change
2025-12-31 Dkr117.69 Billion
≈ $18.41 Billion		 +2.78%
2024-12-31 Dkr114.50 Billion
≈ $17.91 Billion		 +66.03%
2023-12-31 Dkr68.97 Billion
≈ $10.79 Billion		 -3.87%
2022-12-31 Dkr71.74 Billion
≈ $11.22 Billion		 -3.42%
2021-12-31 Dkr74.28 Billion
≈ $11.62 Billion		 +57.05%
2020-12-31 Dkr47.30 Billion
≈ $7.40 Billion		 -4.10%
2019-12-31 Dkr49.32 Billion
≈ $7.72 Billion		 +239.38%
2018-12-31 Dkr14.53 Billion
≈ $2.27 Billion		 -1.87%
2017-12-31 Dkr14.81 Billion
≈ $2.32 Billion		 +10.70%
2016-12-31 Dkr13.38 Billion
≈ $2.09 Billion		 +12.98%
2015-12-31 Dkr11.84 Billion
≈ $1.85 Billion		 +94.72%
2014-12-31 Dkr6.08 Billion
≈ $951.42 Million		 -2.67%
2013-12-31 Dkr6.25 Billion
≈ $977.55 Million		 +16.03%
2012-12-31 Dkr5.38 Billion
≈ $842.52 Million		 +1.43%
2011-12-31 Dkr5.31 Billion
≈ $830.63 Million		 -19.38%
2010-12-31 Dkr6.58 Billion
≈ $1.03 Billion		 +19.08%
2009-12-31 Dkr5.53 Billion
≈ $865.21 Million		 +41.58%
2008-12-31 Dkr3.91 Billion
≈ $611.12 Million		 +7.04%
2007-12-31 Dkr3.65 Billion
≈ $570.91 Million		 -5.07%
2006-12-31 Dkr3.84 Billion
≈ $601.42 Million		 +15.68%
2005-12-31 Dkr3.32 Billion
≈ $519.91 Million		 +4.14%
2004-12-31 Dkr3.19 Billion
≈ $499.26 Million		 +28.83%
2003-12-31 Dkr2.48 Billion
≈ $387.54 Million		 +9.55%
2002-12-31 Dkr2.26 Billion
≈ $353.75 Million		 +7.97%
2001-12-31 Dkr2.09 Billion
≈ $327.63 Million		 +223.44%
2000-12-31 Dkr647.43 Million
≈ $101.30 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to DSV Panalpina 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 26271.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings Dkr122.57 Billion 104.39%
Common Stock Dkr240.00 Million 0.20%
Other Comprehensive Income Dkr-5.39 Billion -4.59%
Total Equity Dkr117.41 Billion 100.00%

DSV Panalpina A/S Competitors by Market Cap

The table below lists competitors of DSV Panalpina A/S ranked by their market capitalization.

Company Market Cap
Robinhood Markets Inc
NASDAQ:HOOD
 $58.20 Billion
MEITUAN UNSP.ADR/2B
F:9MDA
 $58.22 Billion
Aflac Incorporated
NYSE:AFL
 $58.55 Billion
Realty Income Corporation
NYSE:O
 $58.58 Billion
NXP Semiconductors NV
NASDAQ:NXPI
 $57.71 Billion
National Bank of Canada
TO:NA
 $57.47 Billion
MPLX LP
NYSE:MPLX
 $57.46 Billion
Hindustan Unilever Limited
NSE:HINDUNILVR
 $57.20 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in DSV Panalpina A/S's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 114,182,000,000 to 117,414,000,000, a change of 3,232,000,000 (2.8%).
  • Net income of 8,095,000,000 contributed positively to equity growth.
  • Dividend payments of 1,683,000,000 reduced retained earnings.
  • New share issuances of 2,080,000,000 increased equity.
  • Other comprehensive income decreased equity by 5,636,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Dkr8.10 Billion +6.89%
Dividends Paid Dkr1.68 Billion -1.43%
Share Issuances Dkr2.08 Billion +1.77%
Other Comprehensive Income Dkr-5.64 Billion -4.8%
Other Changes Dkr376.00 Million +0.32%
Total Change Dkr- 2.83%

Book Value vs Market Value Analysis

This analysis compares DSV Panalpina 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: 3.16x
  • 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 decreased from 153.12x to 3.16x 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 Dkr10.26 Dkr1571.00 x
2003-12-31 Dkr11.17 Dkr1571.00 x
2004-12-31 Dkr13.72 Dkr1571.00 x
2005-12-31 Dkr15.21 Dkr1571.00 x
2006-12-31 Dkr18.09 Dkr1571.00 x
2007-12-31 Dkr17.47 Dkr1571.00 x
2008-12-31 Dkr20.59 Dkr1571.00 x
2009-12-31 Dkr27.07 Dkr1571.00 x
2010-12-31 Dkr31.28 Dkr1571.00 x
2011-12-31 Dkr26.71 Dkr1571.00 x
2012-12-31 Dkr29.07 Dkr1571.00 x
2013-12-31 Dkr34.96 Dkr1571.00 x
2014-12-31 Dkr34.73 Dkr1571.00 x
2015-12-31 Dkr68.66 Dkr1571.00 x
2016-12-31 Dkr71.71 Dkr1571.00 x
2017-12-31 Dkr78.45 Dkr1571.00 x
2018-12-31 Dkr78.59 Dkr1571.00 x
2019-12-31 Dkr245.43 Dkr1571.00 x
2020-12-31 Dkr204.62 Dkr1571.00 x
2021-12-31 Dkr318.53 Dkr1571.00 x
2022-12-31 Dkr310.32 Dkr1571.00 x
2023-12-31 Dkr318.78 Dkr1571.00 x
2024-12-31 Dkr530.64 Dkr1571.00 x
2025-12-31 Dkr497.18 Dkr1571.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently DSV Panalpina 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): 6.89%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.30%
  • • Asset Turnover: 0.84x
  • • Equity Multiplier: 2.47x
  • Recent ROE (6.89%) is below the historical average (19.11%), 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 15.63% 1.86% 2.06x 4.08x Dkr119.90 Million
2003 13.10% 1.72% 2.20x 3.46x Dkr71.90 Million
2004 34.86% 5.99% 2.26x 2.58x Dkr772.30 Million
2005 20.49% 2.86% 2.20x 3.25x Dkr336.80 Million
2006 18.30% 2.12% 1.99x 4.34x Dkr307.10 Million
2007 30.86% 3.06% 2.14x 4.72x Dkr721.30 Million
2008 32.38% 3.29% 1.58x 6.23x Dkr852.20 Million
2009 3.47% 0.53% 1.63x 4.03x Dkr-359.10 Million
2010 18.23% 2.81% 1.84x 3.52x Dkr539.10 Million
2011 27.45% 3.32% 1.92x 4.31x Dkr921.10 Million
2012 26.68% 3.18% 1.97x 4.26x Dkr892.20 Million
2013 25.36% 3.45% 1.98x 3.72x Dkr955.20 Million
2014 24.62% 3.07% 2.05x 3.91x Dkr884.80 Million
2015 17.41% 4.04% 1.83x 2.35x Dkr875.10 Million
2016 12.43% 2.46% 1.68x 3.01x Dkr326.40 Million
2017 20.09% 4.00% 1.94x 2.59x Dkr1.50 Billion
2018 27.47% 5.09% 2.03x 2.67x Dkr2.54 Billion
2019 7.49% 3.93% 0.97x 1.97x Dkr-1.24 Billion
2020 8.97% 3.69% 1.20x 2.03x Dkr-488.50 Million
2021 15.12% 6.17% 1.13x 2.18x Dkr3.79 Billion
2022 24.56% 7.49% 1.48x 2.22x Dkr10.42 Billion
2023 17.92% 8.21% 1.02x 2.14x Dkr5.44 Billion
2024 8.85% 6.08% 0.70x 2.07x Dkr-1.31 Billion
2025 6.89% 3.30% 0.84x 2.47x Dkr-3.65 Billion

Industry Comparison

This section compares DSV Panalpina A/S's net assets metrics with peer companies in the Integrated Freight & Logistics industry.

Industry Context

  • Industry: Integrated Freight & Logistics
  • Average net assets among peers: $1,344,000,000
  • Average return on equity (ROE) among peers: 22.10%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
DSV Panalpina A/S (DSV) Dkr117.69 Billion 15.63% 1.47x $58.19 Billion
NTG Nordic Transport Group A/S (NTG) $1.34 Billion 22.10% 2.71x $656.53 Million

About DSV Panalpina A/S

CO:DSV Denmark Integrated Freight & Logistics
Market Cap
$58.19 Billion
Dkr371.93 Billion DKK
Market Cap Rank
#448 Global
#2 in Denmark
Share Price
Dkr1571.00
Change (1 day)
+0.80%
52-Week Range
Dkr1264.50 - Dkr1902.50
All Time High
Dkr1902.50
Categories
Companies in Denmark Integrated Freight & Logistics
About

DSV A/S offers freight forwarding and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions. The company provides air freight, charter, and sea-air freight services, as well as unit load devices; sea freight services, including less-than-container load services, sea … Read more