Harboes Bryggeri A/S (HARB-B) - Net Assets
Based on the latest financial reports, Harboes Bryggeri A/S (HARB-B) has net assets worth Dkr790.99 Million DKK (≈ $123.76 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr1.37 Billion ≈ $213.74 Million USD) and total liabilities (Dkr575.11 Million ≈ $89.98 Million 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 HARB-B financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr790.99 Million |
| % of Total Assets | 57.9% |
| Annual Growth Rate | 0.66% |
| 5-Year Change | 13.0% |
| 10-Year Change | 4.24% |
| Growth Volatility | 4.65 |
Harboes Bryggeri A/S - Net Assets Trend (2006–2025)
This chart illustrates how Harboes Bryggeri A/S's net assets have evolved over time, based on quarterly financial data. Also explore Harboes Bryggeri A/S asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Harboes Bryggeri A/S (2006–2025)
The table below shows the annual net assets of Harboes Bryggeri A/S from 2006 to 2025. For live valuation and market cap data, see HARB-B company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | Dkr768.15 Million ≈ $120.18 Million |
+5.00% |
| 2024-04-30 | Dkr731.57 Million ≈ $114.46 Million |
+8.12% |
| 2023-04-30 | Dkr676.63 Million ≈ $105.86 Million |
-0.62% |
| 2022-04-30 | Dkr680.86 Million ≈ $106.53 Million |
+0.16% |
| 2021-04-30 | Dkr679.78 Million ≈ $106.36 Million |
+0.89% |
| 2020-04-30 | Dkr673.77 Million ≈ $105.42 Million |
-4.81% |
| 2019-04-30 | Dkr707.78 Million ≈ $110.74 Million |
-5.74% |
| 2018-04-30 | Dkr750.91 Million ≈ $117.49 Million |
-1.02% |
| 2017-04-30 | Dkr758.67 Million ≈ $118.70 Million |
+2.95% |
| 2016-04-30 | Dkr736.92 Million ≈ $115.30 Million |
+3.81% |
| 2015-04-30 | Dkr709.85 Million ≈ $111.06 Million |
+0.47% |
| 2014-04-30 | Dkr706.56 Million ≈ $110.55 Million |
-9.48% |
| 2013-04-30 | Dkr780.60 Million ≈ $122.13 Million |
-1.19% |
| 2012-04-30 | Dkr789.98 Million ≈ $123.60 Million |
+4.85% |
| 2011-04-30 | Dkr753.44 Million ≈ $117.88 Million |
+3.18% |
| 2010-04-30 | Dkr730.25 Million ≈ $114.25 Million |
+9.90% |
| 2009-04-30 | Dkr664.46 Million ≈ $103.96 Million |
-4.66% |
| 2008-04-30 | Dkr696.95 Million ≈ $109.04 Million |
+1.62% |
| 2007-04-30 | Dkr685.82 Million ≈ $107.30 Million |
+1.24% |
| 2006-04-30 | Dkr677.40 Million ≈ $105.98 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Harboes Bryggeri 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 23.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr695.93 Million | 90.60% |
| Common Stock | Dkr60.00 Million | 7.81% |
| Other Components | Dkr12.22 Million | 1.59% |
| Total Equity | Dkr768.15 Million | 100.00% |
Harboes Bryggeri A/S Competitors by Market Cap
The table below lists competitors of Harboes Bryggeri A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Euro Sun Mining Inc
TO:ESM
|
$60.79 Million |
|
Usak Seramik Sanayi AS
IS:USAK
|
$60.82 Million |
|
Pengana Capital Group Ltd
AU:PCG
|
$60.87 Million |
|
China Fangda Group Co Ltd
SHE:200055
|
$60.88 Million |
|
Supercom Ltd
NASDAQ:SPCB
|
$60.76 Million |
|
M2I Corporation
KQ:347890
|
$60.75 Million |
|
Dagi Giyim Sanayi ve Ticaret AS
IS:DAGI
|
$60.74 Million |
|
Cloudpoint Technology Berhad
KLSE:0277
|
$60.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harboes Bryggeri A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 731,566,000 to 768,150,000, a change of 36,584,000 (5.0%).
- Net income of 44,796,000 contributed positively to equity growth.
- Dividend payments of 8,445,000 reduced retained earnings.
- Other comprehensive income increased equity by 9,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr44.80 Million | +5.83% |
| Dividends Paid | Dkr8.45 Million | -1.1% |
| Other Comprehensive Income | Dkr9.00K | +0.0% |
| Other Changes | Dkr224.00K | +0.03% |
| Total Change | Dkr- | 5.00% |
Book Value vs Market Value Analysis
This analysis compares Harboes Bryggeri 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: 0.60x
- 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 0.95x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-04-30 | Dkr113.78 | Dkr108.40 | x |
| 2007-04-30 | Dkr115.41 | Dkr108.40 | x |
| 2008-04-30 | Dkr117.54 | Dkr108.40 | x |
| 2009-04-30 | Dkr113.99 | Dkr108.40 | x |
| 2010-04-30 | Dkr123.75 | Dkr108.40 | x |
| 2011-04-30 | Dkr125.54 | Dkr108.40 | x |
| 2012-04-30 | Dkr140.29 | Dkr108.40 | x |
| 2013-04-30 | Dkr140.23 | Dkr108.40 | x |
| 2014-04-30 | Dkr134.23 | Dkr108.40 | x |
| 2015-04-30 | Dkr152.28 | Dkr108.40 | x |
| 2016-04-30 | Dkr161.41 | Dkr108.40 | x |
| 2017-04-30 | Dkr166.18 | Dkr108.40 | x |
| 2018-04-30 | Dkr164.46 | Dkr108.40 | x |
| 2019-04-30 | Dkr159.51 | Dkr108.40 | x |
| 2020-04-30 | Dkr159.56 | Dkr108.40 | x |
| 2021-04-30 | Dkr160.99 | Dkr108.40 | x |
| 2022-04-30 | Dkr161.25 | Dkr108.40 | x |
| 2023-04-30 | Dkr160.23 | Dkr108.40 | x |
| 2024-04-30 | Dkr173.25 | Dkr108.40 | x |
| 2025-04-30 | Dkr181.91 | Dkr108.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harboes Bryggeri 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): 5.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.46%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 1.85x
- Recent ROE (5.83%) 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 |
|---|---|---|---|---|---|
| 2006 | 13.58% | 6.75% | 1.19x | 1.69x | Dkr24.25 Million |
| 2007 | 8.24% | 4.09% | 1.14x | 1.77x | Dkr-12.03 Million |
| 2008 | 1.68% | 0.85% | 1.14x | 1.72x | Dkr-58.00 Million |
| 2009 | 3.86% | 1.66% | 0.96x | 2.42x | Dkr-40.81 Million |
| 2010 | 5.89% | 2.82% | 0.93x | 2.25x | Dkr-29.98 Million |
| 2011 | 8.05% | 3.89% | 0.92x | 2.24x | Dkr-14.67 Million |
| 2012 | 4.90% | 2.74% | 0.90x | 2.00x | Dkr-40.30 Million |
| 2013 | 0.40% | 0.23% | 0.89x | 1.92x | Dkr-74.91 Million |
| 2014 | 1.50% | 0.75% | 1.03x | 1.96x | Dkr-60.01 Million |
| 2015 | 3.38% | 1.75% | 1.06x | 1.82x | Dkr-46.95 Million |
| 2016 | 4.72% | 2.53% | 1.06x | 1.76x | Dkr-38.93 Million |
| 2017 | 4.16% | 2.20% | 1.05x | 1.79x | Dkr-44.34 Million |
| 2018 | 0.03% | 0.02% | 1.03x | 1.74x | Dkr-74.83 Million |
| 2019 | -1.82% | -0.94% | 1.07x | 1.81x | Dkr-83.67 Million |
| 2020 | -4.84% | -2.31% | 1.16x | 1.81x | Dkr-99.98 Million |
| 2021 | 0.77% | 0.39% | 1.16x | 1.68x | Dkr-62.77 Million |
| 2022 | 0.01% | 0.00% | 1.24x | 1.68x | Dkr-68.06 Million |
| 2023 | -0.64% | -0.27% | 1.35x | 1.77x | Dkr-71.97 Million |
| 2024 | 7.49% | 3.01% | 1.38x | 1.80x | Dkr-18.40 Million |
| 2025 | 5.83% | 2.46% | 1.28x | 1.85x | Dkr-32.02 Million |
Industry Comparison
This section compares Harboes Bryggeri A/S's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $20,948,905,170
- Average return on equity (ROE) among peers: 1.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harboes Bryggeri A/S (HARB-B) | Dkr790.99 Million | 13.58% | 0.73x | $60.76 Million |
| Alefarm Brewing AS (ALEFRM) | $10.62 Million | -30.35% | 0.16x | $5.26 Million |
| Carlsberg A/S (CARL-A) | $17.29 Billion | 10.26% | 1.69x | $5.54 Billion |
| Carlsberg A/S (CARL-B) | $60.75 Billion | 5.28% | 1.36x | $13.24 Billion |
| Royal Unibrew A/S (RBREW) | $5.75 Billion | 19.05% | 2.09x | $3.12 Billion |
About Harboes Bryggeri A/S
Harboes Bryggeri A/S produces and markets beverages and malt-based ingredients worldwide. The company offers beers and soda, energy drinks, and malt beverages under the Harboe, NAILED, Caribia, XRAY, Mecklenburger, Bear Beer, Viiking, Darguner, and Hyper Malt brands. It serves supermarket chains and other retail companies, food and beverage manufacturers, and local and international distributors.… Read more