FLSmidth & Co. (FLS) - Net Assets

Latest as of December 2025: Dkr9.50 Billion DKK ≈ $1.49 Billion USD

Based on the latest financial reports, FLSmidth & Co. (FLS) has net assets worth Dkr9.50 Billion DKK (≈ $1.49 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 (Dkr22.09 Billion ≈ $3.46 Billion USD) and total liabilities (Dkr12.59 Billion ≈ $1.97 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 FLSmidth & Co. (FLS) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Dkr9.50 Billion
% of Total Assets	43.01%
Annual Growth Rate	0.71%
5-Year Change	-8.37%
10-Year Change	12.27%
Growth Volatility	18.52

FLSmidth & Co. - Net Assets Trend (2000–2025)

This chart illustrates how FLSmidth & Co.'s net assets have evolved over time, based on quarterly financial data. See FLSmidth & Co. defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for FLSmidth & Co. (2000–2025)

The table below shows the annual net assets of FLSmidth & Co. from 2000 to 2025. For live valuation and market cap data, see FLS company net worth.

Year	Net Assets	Change
2025-12-31	Dkr9.50 Billion ≈ $1.49 Billion	-19.36%
2024-12-31	Dkr11.78 Billion ≈ $1.84 Billion	+8.80%
2023-12-31	Dkr10.83 Billion ≈ $1.69 Billion	+0.38%
2022-12-31	Dkr10.79 Billion ≈ $1.69 Billion	+4.04%
2021-12-31	Dkr10.37 Billion ≈ $1.62 Billion	+27.53%
2020-12-31	Dkr8.13 Billion ≈ $1.27 Billion	-7.54%
2019-12-31	Dkr8.79 Billion ≈ $1.38 Billion	+6.38%
2018-12-31	Dkr8.27 Billion ≈ $1.29 Billion	+2.84%
2017-12-31	Dkr8.04 Billion ≈ $1.26 Billion	-5.01%
2016-12-31	Dkr8.46 Billion ≈ $1.32 Billion	+6.01%
2015-12-31	Dkr7.98 Billion ≈ $1.25 Billion	+2.85%
2014-12-31	Dkr7.76 Billion ≈ $1.21 Billion	+12.12%
2013-12-31	Dkr6.92 Billion ≈ $1.08 Billion	-26.51%
2012-12-31	Dkr9.42 Billion ≈ $1.47 Billion	+5.75%
2011-12-31	Dkr8.91 Billion ≈ $1.39 Billion	+9.44%
2010-12-31	Dkr8.14 Billion ≈ $1.27 Billion	+22.39%
2009-12-31	Dkr6.65 Billion ≈ $1.04 Billion	+32.08%
2008-12-31	Dkr5.04 Billion ≈ $787.76 Million	+19.48%
2007-12-31	Dkr4.21 Billion ≈ $659.31 Million	+32.02%
2006-12-31	Dkr3.19 Billion ≈ $499.41 Million	+20.54%
2005-12-31	Dkr2.65 Billion ≈ $414.30 Million	+2.44%
2004-12-31	Dkr2.58 Billion ≈ $404.44 Million	-11.35%
2003-12-31	Dkr2.92 Billion ≈ $456.23 Million	-49.10%
2002-12-31	Dkr5.73 Billion ≈ $896.34 Million	-17.80%
2001-12-31	Dkr6.97 Billion ≈ $1.09 Billion	-12.50%
2000-12-31	Dkr7.97 Billion ≈ $1.25 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to FLSmidth & Co.'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 1001800000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Dkr10.02 Billion	105.32%
Common Stock	Dkr1.15 Billion	12.12%
Other Comprehensive Income	Dkr-1.66 Billion	-17.44%
Total Equity	Dkr9.51 Billion	100.00%

FLSmidth & Co. Competitors by Market Cap

The table below lists competitors of FLSmidth & Co. ranked by their market capitalization.

Company	Market Cap
Northland Power Inc. TO:NPI	$4.31 Billion
Benefit Systems SA WAR:BFT	$4.32 Billion
Yonghui Superstores Co Ltd SHG:601933	$4.32 Billion
Silicon Motion Technology NASDAQ:SIMO	$4.32 Billion
Twist Bioscience Corp NASDAQ:TWST	$4.31 Billion
BillionToOne, Inc. Class A Common Stock NASDAQ:BLLN	$4.31 Billion
Jiangsu Jiejie Microelectronics Co Ltd SHE:300623	$4.31 Billion
LEG Immobilien SE XETRA:LEG	$4.31 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in FLSmidth & Co.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 11,801,000,000 to 9,512,000,000, a change of -2,289,000,000 (-19.4%).
Net income of 175,000,000 contributed positively to equity growth.
Dividend payments of 458,000,000 reduced retained earnings.
Share repurchases of 1,033,000,000 reduced equity.
Other comprehensive income decreased equity by 848,000,000.
Other factors decreased equity by 125,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Dkr175.00 Million	+1.84%
Dividends Paid	Dkr458.00 Million	-4.81%
Share Repurchases	Dkr1.03 Billion	-10.86%
Other Comprehensive Income	Dkr-848.00 Million	-8.92%
Other Changes	Dkr-125.00 Million	-1.31%
Total Change	Dkr-	-19.40%

Book Value vs Market Value Analysis

This analysis compares FLSmidth & Co.'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: 3.03x
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 5.00x to 3.03x 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	Dkr101.75	Dkr508.50	x
2003-12-31	Dkr50.41	Dkr508.50	x
2004-12-31	Dkr48.75	Dkr508.50	x
2005-12-31	Dkr50.34	Dkr508.50	x
2006-12-31	Dkr60.66	Dkr508.50	x
2007-12-31	Dkr79.02	Dkr508.50	x
2008-12-31	Dkr94.99	Dkr508.50	x
2009-12-31	Dkr125.96	Dkr508.50	x
2010-12-31	Dkr153.44	Dkr508.50	x
2011-12-31	Dkr168.60	Dkr508.50	x
2012-12-31	Dkr179.36	Dkr508.50	x
2013-12-31	Dkr135.84	Dkr508.50	x
2014-12-31	Dkr156.14	Dkr508.50	x
2015-12-31	Dkr162.20	Dkr508.50	x
2016-12-31	Dkr171.91	Dkr508.50	x
2017-12-31	Dkr161.00	Dkr508.50	x
2018-12-31	Dkr164.95	Dkr508.50	x
2019-12-31	Dkr175.26	Dkr508.50	x
2020-12-31	Dkr162.22	Dkr508.50	x
2021-12-31	Dkr199.14	Dkr508.50	x
2022-12-31	Dkr190.11	Dkr508.50	x
2023-12-31	Dkr190.02	Dkr508.50	x
2024-12-31	Dkr205.83	Dkr508.50	x
2025-12-31	Dkr168.05	Dkr508.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently FLSmidth & Co. 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): 1.84%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.20%
• Asset Turnover: 0.66x
• Equity Multiplier: 2.32x
Recent ROE (1.84%) is below the historical average (4.73%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	4.51%	1.38%	0.87x	3.78x	Dkr-322.50 Million
2002	-23.00%	-7.57%	1.05x	2.89x	Dkr-1.79 Billion
2003	-95.15%	-17.11%	1.31x	4.24x	Dkr-2.82 Billion
2004	-13.36%	-3.16%	1.32x	3.20x	Dkr-598.00 Million
2005	18.08%	4.66%	1.07x	3.62x	Dkr213.60 Million
2006	35.79%	9.27%	1.00x	3.84x	Dkr822.20 Million
2007	30.78%	6.48%	1.01x	4.68x	Dkr873.60 Million
2008	30.35%	5.99%	1.22x	4.15x	Dkr1.02 Billion
2009	25.20%	7.19%	1.06x	3.32x	Dkr1.00 Billion
2010	15.88%	6.36%	0.89x	2.80x	Dkr475.50 Million
2011	16.11%	6.49%	0.86x	2.88x	Dkr541.00 Million
2012	13.94%	5.26%	0.78x	3.40x	Dkr369.00 Million
2013	-11.41%	-2.92%	0.99x	3.97x	Dkr-1.47 Billion
2014	10.52%	3.84%	0.80x	3.41x	Dkr40.00 Million
2015	7.59%	3.06%	0.81x	3.07x	Dkr-191.70 Million
2016	6.15%	2.85%	0.75x	2.86x	Dkr-324.10 Million
2017	5.21%	2.32%	0.80x	2.80x	Dkr-383.00 Million
2018	7.78%	3.42%	0.86x	2.63x	Dkr-183.60 Million
2019	8.83%	3.75%	0.88x	2.68x	Dkr-102.90 Million
2020	2.58%	1.28%	0.80x	2.51x	Dkr-603.60 Million
2021	3.45%	2.04%	0.76x	2.22x	Dkr-679.10 Million
2022	3.42%	1.69%	0.73x	2.76x	Dkr-711.30 Million
2023	4.58%	2.06%	0.89x	2.49x	Dkr-588.70 Million
2024	8.63%	5.04%	0.75x	2.28x	Dkr-162.10 Million
2025	1.84%	1.20%	0.66x	2.32x	Dkr-776.20 Million

Industry Comparison

This section compares FLSmidth & Co.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $371,387,557
Average return on equity (ROE) among peers: -11.18%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
FLSmidth & Co. (FLS)	Dkr9.50 Billion	4.51%	1.33x	$4.31 Billion
Glunz & Jensen (GJ)	$75.47 Million	-80.81%	2.56x	$24.93 Million
Brd. Klee A/S (KLEE-B)	$52.94 Million	14.12%	0.57x	$19.96 Million
Nilfisk Holding A/S (NLFSK)	$102.16 Million	0.00%	1.69x	$591.63 Million
SKAKO A/S (SKAKO)	$102.36 Million	16.16%	1.39x	$5.97 Million
Vestas Wind Systems A/S (VWS)	$1.52 Billion	-5.38%	2.70x	$26.26 Billion

About FLSmidth & Co.

CO:FLS Denmark Specialty Industrial Machinery

Market Cap

$4.31 Billion

Dkr27.56 Billion DKK

Market Cap Rank

#3993 Global

#23 in Denmark

Share Price

Dkr508.50

Change (1 day)

+4.89%

52-Week Range

Dkr374.60 - Dkr611.00

All Time High

Dkr611.00