Copenhagen Airports AS
Københavns Lufthavne A/S owns, develops, and operates Copenhagen Airport and Roskilde Airport in Denmark. The company offers infrastructure and air traffic-related services, including route development, baggage systems, and security; and operation and development of technology, terminals, IT, shuttle buses, aircraft stands, and runways. It also engages in the non-aeronautical business, such as pa… Read more
Copenhagen Airports AS (KBHL) - Net Assets
Latest net assets as of September 2025: Dkr5.21 Billion DKK
Based on the latest financial reports, Copenhagen Airports AS (KBHL) has net assets worth Dkr5.21 Billion DKK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr16.93 Billion) and total liabilities (Dkr11.72 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr5.21 Billion |
| % of Total Assets | 30.78% |
| Annual Growth Rate | 1.8% |
| 5-Year Change | 66.08% |
| 10-Year Change | 47.61% |
| Growth Volatility | 11.62 |
Copenhagen Airports AS - Net Assets Trend (2000–2024)
This chart illustrates how Copenhagen Airports AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Copenhagen Airports AS (2000–2024)
The table below shows the annual net assets of Copenhagen Airports AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr4.42 Billion | +28.45% |
| 2023-12-31 | Dkr3.44 Billion | +3.03% |
| 2022-12-31 | Dkr3.34 Billion | +4.35% |
| 2021-12-31 | Dkr3.20 Billion | +20.26% |
| 2020-12-31 | Dkr2.66 Billion | -18.40% |
| 2019-12-31 | Dkr3.26 Billion | +5.59% |
| 2018-12-31 | Dkr3.09 Billion | -2.10% |
| 2017-12-31 | Dkr3.15 Billion | +3.76% |
| 2016-12-31 | Dkr3.04 Billion | +1.55% |
| 2015-12-31 | Dkr2.99 Billion | +5.15% |
| 2014-12-31 | Dkr2.85 Billion | -1.91% |
| 2013-12-31 | Dkr2.90 Billion | -19.48% |
| 2012-12-31 | Dkr3.60 Billion | +23.54% |
| 2011-12-31 | Dkr2.92 Billion | -16.22% |
| 2010-12-31 | Dkr3.48 Billion | +9.08% |
| 2009-12-31 | Dkr3.19 Billion | -0.15% |
| 2008-12-31 | Dkr3.20 Billion | -14.43% |
| 2007-12-31 | Dkr3.73 Billion | +8.66% |
| 2006-12-31 | Dkr3.44 Billion | +0.74% |
| 2005-12-31 | Dkr3.41 Billion | +5.60% |
| 2004-12-31 | Dkr3.23 Billion | +3.01% |
| 2003-12-31 | Dkr3.14 Billion | -3.02% |
| 2002-12-31 | Dkr3.23 Billion | +2.13% |
| 2001-12-31 | Dkr3.17 Billion | +9.98% |
| 2000-12-31 | Dkr2.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Copenhagen Airports AS'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 66.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr3.20 Billion | 82.97% |
| Common Stock | Dkr785.00 Million | 20.37% |
| Other Comprehensive Income | Dkr-129.00 Million | -3.35% |
| Total Equity | Dkr3.85 Billion | 100.00% |
Copenhagen Airports AS Competitors by Market Cap
The table below lists competitors of Copenhagen Airports AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Schibsted ASA B
OL:SCHB
|
$4.23 Billion |
|
Science Applications International Corporation Common Stock
NASDAQ:SAIC
|
$4.23 Billion |
|
DESTEK FINANS FAKTORING
IS:DSTKF
|
$4.23 Billion |
|
Kyushu Electric Power Company Incorporated
PINK:KYSEF
|
$4.23 Billion |
|
Kingsoft Corporation Limited
PINK:KSFTF
|
$4.23 Billion |
|
AMERCO
F:AUK
|
$4.23 Billion |
|
Science Applications International Corporation
LSE:0V9N
|
$4.22 Billion |
|
The Kraft Heinz Company
SA:KHCB34
|
$4.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Copenhagen Airports AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,852,000,000 to 3,853,000,000, a change of 1,001,000,000 (35.1%).
- Net income of 1,016,000,000 contributed positively to equity growth.
- Dividend payments of 47,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 15,000,000.
- Other factors increased equity by 47,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr1.02 Billion | +26.37% |
| Dividends Paid | Dkr47.00 Million | -1.22% |
| Other Comprehensive Income | Dkr-15.00 Million | -0.39% |
| Other Changes | Dkr47.00 Million | +1.22% |
| Total Change | Dkr- | 35.10% |
Book Value vs Market Value Analysis
This analysis compares Copenhagen Airports AS'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: 12.91x
- 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 17.40x to 12.91x 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 | Dkr364.46 | Dkr6340.00 | x |
| 2003-12-31 | Dkr362.93 | Dkr6340.00 | x |
| 2004-12-31 | Dkr388.58 | Dkr6340.00 | x |
| 2005-12-31 | Dkr435.11 | Dkr6340.00 | x |
| 2006-12-31 | Dkr437.92 | Dkr6340.00 | x |
| 2007-12-31 | Dkr475.83 | Dkr6340.00 | x |
| 2008-12-31 | Dkr407.17 | Dkr6340.00 | x |
| 2009-12-31 | Dkr406.55 | Dkr6340.00 | x |
| 2010-12-31 | Dkr443.48 | Dkr6340.00 | x |
| 2011-12-31 | Dkr371.54 | Dkr6340.00 | x |
| 2012-12-31 | Dkr458.99 | Dkr6340.00 | x |
| 2013-12-31 | Dkr369.59 | Dkr6340.00 | x |
| 2014-12-31 | Dkr362.52 | Dkr6340.00 | x |
| 2015-12-31 | Dkr381.19 | Dkr6340.00 | x |
| 2016-12-31 | Dkr387.12 | Dkr6340.00 | x |
| 2017-12-31 | Dkr401.68 | Dkr6340.00 | x |
| 2018-12-31 | Dkr393.26 | Dkr6340.00 | x |
| 2019-12-31 | Dkr415.23 | Dkr6340.00 | x |
| 2020-12-31 | Dkr338.81 | Dkr6340.00 | x |
| 2021-12-31 | Dkr320.41 | Dkr6340.00 | x |
| 2022-12-31 | Dkr343.65 | Dkr6340.00 | x |
| 2023-12-31 | Dkr363.40 | Dkr6340.00 | x |
| 2024-12-31 | Dkr490.95 | Dkr6340.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Copenhagen Airports AS 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): 26.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.04%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 4.18x
- Recent ROE (26.37%) is above the historical average (21.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 15.17% | 23.64% | 0.28x | 2.32x | Dkr148.78 Million |
| 2001 | 10.75% | 17.36% | 0.24x | 2.63x | Dkr23.87 Million |
| 2002 | 10.76% | 16.21% | 0.25x | 2.63x | Dkr24.43 Million |
| 2003 | 13.21% | 18.72% | 0.26x | 2.71x | Dkr100.61 Million |
| 2004 | 18.35% | 23.85% | 0.30x | 2.58x | Dkr269.73 Million |
| 2005 | 19.65% | 24.48% | 0.32x | 2.51x | Dkr329.23 Million |
| 2006 | 21.19% | 25.25% | 0.36x | 2.34x | Dkr384.62 Million |
| 2007 | 29.79% | 38.04% | 0.38x | 2.05x | Dkr739.07 Million |
| 2008 | 23.64% | 24.26% | 0.39x | 2.53x | Dkr435.75 Million |
| 2009 | 19.25% | 21.02% | 0.34x | 2.70x | Dkr295.24 Million |
| 2010 | 26.11% | 28.06% | 0.35x | 2.67x | Dkr560.76 Million |
| 2011 | 25.92% | 22.60% | 0.37x | 3.07x | Dkr464.11 Million |
| 2012 | 44.83% | 45.93% | 0.35x | 2.78x | Dkr1.25 Billion |
| 2013 | 33.65% | 26.78% | 0.38x | 3.30x | Dkr686.04 Million |
| 2014 | 33.69% | 24.78% | 0.39x | 3.48x | Dkr673.89 Million |
| 2015 | 36.30% | 26.74% | 0.38x | 3.57x | Dkr786.84 Million |
| 2016 | 41.44% | 28.47% | 0.39x | 3.69x | Dkr955.19 Million |
| 2017 | 40.78% | 28.96% | 0.38x | 3.68x | Dkr970.26 Million |
| 2018 | 35.81% | 24.87% | 0.34x | 4.20x | Dkr796.67 Million |
| 2019 | 31.31% | 23.48% | 0.31x | 4.34x | Dkr694.43 Million |
| 2020 | -24.00% | -40.50% | 0.11x | 5.37x | Dkr-904.00 Million |
| 2021 | -20.57% | -29.38% | 0.11x | 6.11x | Dkr-768.76 Million |
| 2022 | 7.08% | 5.41% | 0.23x | 5.66x | Dkr-78.70 Million |
| 2023 | 9.26% | 6.50% | 0.26x | 5.44x | Dkr-21.20 Million |
| 2024 | 26.37% | 20.04% | 0.31x | 4.18x | Dkr630.70 Million |
Industry Comparison
This section compares Copenhagen Airports AS's net assets metrics with peer companies in the Airports & Air Services industry.
No peer company data available for comparison.