Copenhagen Airports AS (KBHL) - Net Assets

Latest as of December 2025: Dkr5.51 Billion DKK ≈ $861.77 Million USD

Based on the latest financial reports, Copenhagen Airports AS (KBHL) has net assets worth Dkr5.51 Billion DKK (≈ $861.77 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr17.47 Billion ≈ $2.73 Billion USD) and total liabilities (Dkr11.96 Billion ≈ $1.87 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 Copenhagen Airports AS balance sheet assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Dkr5.51 Billion
% of Total Assets	31.53%
Annual Growth Rate	2.63%
5-Year Change	72.24%
10-Year Change	81.3%
Growth Volatility	12.19

Copenhagen Airports AS - Net Assets Trend (2000–2025)

This chart illustrates how Copenhagen Airports AS's net assets have evolved over time, based on quarterly financial data. Check KBHL tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Copenhagen Airports AS (2000–2025)

The table below shows the annual net assets of Copenhagen Airports AS from 2000 to 2025. For live valuation and market cap data, see KBHL market cap.

Year	Net Assets	Change
2025-12-31	Dkr5.51 Billion ≈ $861.77 Million	+24.73%
2024-12-31	Dkr4.42 Billion ≈ $690.92 Million	+28.45%
2023-12-31	Dkr3.44 Billion ≈ $537.90 Million	+3.03%
2022-12-31	Dkr3.34 Billion ≈ $522.10 Million	+4.35%
2021-12-31	Dkr3.20 Billion ≈ $500.32 Million	+20.26%
2020-12-31	Dkr2.66 Billion ≈ $416.02 Million	-18.40%
2019-12-31	Dkr3.26 Billion ≈ $509.85 Million	+5.59%
2018-12-31	Dkr3.09 Billion ≈ $482.87 Million	-2.10%
2017-12-31	Dkr3.15 Billion ≈ $493.22 Million	+3.76%
2016-12-31	Dkr3.04 Billion ≈ $475.33 Million	+1.55%
2015-12-31	Dkr2.99 Billion ≈ $468.06 Million	+5.15%
2014-12-31	Dkr2.85 Billion ≈ $445.14 Million	-1.91%
2013-12-31	Dkr2.90 Billion ≈ $453.82 Million	-19.48%
2012-12-31	Dkr3.60 Billion ≈ $563.59 Million	+23.54%
2011-12-31	Dkr2.92 Billion ≈ $456.21 Million	-16.22%
2010-12-31	Dkr3.48 Billion ≈ $544.53 Million	+9.08%
2009-12-31	Dkr3.19 Billion ≈ $499.19 Million	-0.15%
2008-12-31	Dkr3.20 Billion ≈ $499.96 Million	-14.43%
2007-12-31	Dkr3.73 Billion ≈ $584.26 Million	+8.66%
2006-12-31	Dkr3.44 Billion ≈ $537.71 Million	+0.74%
2005-12-31	Dkr3.41 Billion ≈ $533.79 Million	+5.60%
2004-12-31	Dkr3.23 Billion ≈ $505.47 Million	+3.01%
2003-12-31	Dkr3.14 Billion ≈ $490.72 Million	-3.02%
2002-12-31	Dkr3.23 Billion ≈ $505.99 Million	+2.13%
2001-12-31	Dkr3.17 Billion ≈ $495.42 Million	+9.98%
2000-12-31	Dkr2.88 Billion ≈ $450.46 Million	--

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 119.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Dkr4.21 Billion	84.88%
Common Stock	Dkr785.00 Million	15.83%
Other Comprehensive Income	Dkr-35.00 Million	-0.71%
Total Equity	Dkr4.96 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
Hunan Yuneng New Energy Battery Material Co. Ltd. A SHE:301358	$6.93 Billion
Technology One Ltd AU:TNE	$6.94 Billion
Everus Construction Group Inc NYSE:ECG	$6.94 Billion
Military Commercial Joint Stock Bank VN:MBB	$6.95 Billion
BYD Electronic (International) Company Limited F:4BY	$6.92 Billion
NOV Inc. NYSE:NOV	$6.91 Billion
Prosperity Bancshares Inc NYSE:PB	$6.90 Billion
Macerich Company NYSE:MAC	$6.90 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 2024 to 2025, total equity changed from 3,853,000,000 to 4,960,000,000, a change of 1,107,000,000 (28.7%).
Net income of 1,215,000,000 contributed positively to equity growth.
Dividend payments of 200,000,000 reduced retained earnings.
Other comprehensive income increased equity by 94,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Dkr1.22 Billion	+24.5%
Dividends Paid	Dkr200.00 Million	-4.03%
Other Comprehensive Income	Dkr94.00 Million	+1.9%
Other Changes	Dkr-2.00 Million	-0.04%
Total Change	Dkr-	28.73%

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: 8.92x
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 15.47x to 8.92x 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	Dkr5640.00	x
2003-12-31	Dkr362.93	Dkr5640.00	x
2004-12-31	Dkr388.58	Dkr5640.00	x
2005-12-31	Dkr435.11	Dkr5640.00	x
2006-12-31	Dkr437.92	Dkr5640.00	x
2007-12-31	Dkr475.83	Dkr5640.00	x
2008-12-31	Dkr407.17	Dkr5640.00	x
2009-12-31	Dkr406.55	Dkr5640.00	x
2010-12-31	Dkr443.48	Dkr5640.00	x
2011-12-31	Dkr371.54	Dkr5640.00	x
2012-12-31	Dkr458.99	Dkr5640.00	x
2013-12-31	Dkr369.59	Dkr5640.00	x
2014-12-31	Dkr362.52	Dkr5640.00	x
2015-12-31	Dkr381.19	Dkr5640.00	x
2016-12-31	Dkr387.12	Dkr5640.00	x
2017-12-31	Dkr401.68	Dkr5640.00	x
2018-12-31	Dkr393.26	Dkr5640.00	x
2019-12-31	Dkr415.23	Dkr5640.00	x
2020-12-31	Dkr338.81	Dkr5640.00	x
2021-12-31	Dkr320.41	Dkr5640.00	x
2022-12-31	Dkr343.65	Dkr5640.00	x
2023-12-31	Dkr363.40	Dkr5640.00	x
2024-12-31	Dkr490.95	Dkr5640.00	x
2025-12-31	Dkr632.01	Dkr5640.00	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): 24.50%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 22.01%
• Asset Turnover: 0.32x
• Equity Multiplier: 3.52x
Recent ROE (24.50%) is above the historical average (21.32%), 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
2025	24.50%	22.01%	0.32x	3.52x	Dkr719.00 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.

About Copenhagen Airports AS

CO:KBHL Denmark Airports & Air Services

Market Cap

$6.93 Billion

Dkr44.26 Billion DKK

Market Cap Rank

#2893 Global

#19 in Denmark

Share Price

Dkr5640.00

Change (1 day)

-0.35%

52-Week Range

Dkr5340.00 - Dkr6900.00

All Time High

Dkr7600.00