Royal Unibrew A/S
Royal Unibrew A/S provides beverages in Denmark, Germany, Norway, Sweden, Italy, the Netherlands, France, Finland, Lithuania, Latvia, Estonia, Belgium, Luxembourg, and internationally. It offers soft drinks under the Faxe Kondi, Jaffa, Lemon Soda, Lorina, Royal Club, Fonti di Crodo, Adelhardt, Frem, Rebæl, Crystal Clear, Sisi, Sourcy Vitamin Water, Borg, Hansa, CB, and Pommac brands, as well as o… Read more
Royal Unibrew A/S (RBREW) - Net Assets
Latest net assets as of December 2025: Dkr6.71 Billion DKK
Based on the latest financial reports, Royal Unibrew A/S (RBREW) has net assets worth Dkr6.71 Billion DKK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr18.27 Billion) and total liabilities (Dkr11.56 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 | Dkr6.71 Billion |
| % of Total Assets | 36.75% |
| Annual Growth Rate | 9.44% |
| 5-Year Change | 100.87% |
| 10-Year Change | 130.58% |
| Growth Volatility | 23.92 |
Royal Unibrew A/S - Net Assets Trend (1998–2025)
This chart illustrates how Royal Unibrew A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Royal Unibrew A/S (1998–2025)
The table below shows the annual net assets of Royal Unibrew A/S from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Dkr6.71 Billion | +4.76% |
| 2024-12-31 | Dkr6.41 Billion | +11.48% |
| 2023-12-31 | Dkr5.75 Billion | +11.44% |
| 2022-12-31 | Dkr5.16 Billion | +54.34% |
| 2021-12-31 | Dkr3.34 Billion | +0.30% |
| 2020-12-31 | Dkr3.33 Billion | +7.26% |
| 2019-12-31 | Dkr3.11 Billion | +6.82% |
| 2018-12-31 | Dkr2.91 Billion | +3.34% |
| 2017-12-31 | Dkr2.81 Billion | -3.34% |
| 2016-12-31 | Dkr2.91 Billion | -0.80% |
| 2015-12-31 | Dkr2.93 Billion | +4.13% |
| 2014-12-31 | Dkr2.82 Billion | +32.13% |
| 2013-12-31 | Dkr2.13 Billion | +58.28% |
| 2012-12-31 | Dkr1.35 Billion | +2.00% |
| 2011-12-31 | Dkr1.32 Billion | +3.18% |
| 2010-12-31 | Dkr1.28 Billion | +28.68% |
| 2009-12-31 | Dkr995.11 Million | +73.12% |
| 2008-12-31 | Dkr574.83 Million | -48.65% |
| 2007-12-31 | Dkr1.12 Billion | -2.50% |
| 2006-12-31 | Dkr1.15 Billion | -1.98% |
| 2005-12-31 | Dkr1.17 Billion | +7.87% |
| 2004-12-31 | Dkr1.09 Billion | +7.84% |
| 2003-12-31 | Dkr1.01 Billion | -2.72% |
| 2002-12-31 | Dkr1.04 Billion | +49.95% |
| 2001-12-31 | Dkr690.30 Million | -5.84% |
| 2000-12-31 | Dkr733.08 Million | +6.69% |
| 1999-12-31 | Dkr687.12 Million | +16.91% |
| 1998-12-31 | Dkr587.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royal Unibrew 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 998.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr5.20 Billion | 77.42% |
| Common Stock | Dkr100.00 Million | 1.49% |
| Other Comprehensive Income | Dkr-157.00 Million | -2.34% |
| Other Components | Dkr1.57 Billion | 23.43% |
| Total Equity | Dkr6.71 Billion | 100.00% |
Royal Unibrew A/S Competitors by Market Cap
The table below lists competitors of Royal Unibrew A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Masan Group Corp
VN:MSN
|
$3.86 Billion |
|
Central Pattana Public Company Limited
PINK:CPNNF
|
$3.86 Billion |
|
Appfolio Inc
NASDAQ:APPF
|
$3.86 Billion |
|
Pegasystems Inc
NASDAQ:PEGA
|
$3.86 Billion |
|
Warner Music Group
NASDAQ:WMG
|
$3.85 Billion |
|
Tokyu Fudosan Holdings Corporation
PINK:TTUUF
|
$3.85 Billion |
|
e.l.f. Beauty Inc
F:0EF
|
$3.85 Billion |
|
TRAVEL + LEISURE DL-01
F:WD5A
|
$3.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Unibrew A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,408,000,000 to 6,713,000,000, a change of 305,000,000 (4.8%).
- Net income of 1,560,000,000 contributed positively to equity growth.
- Dividend payments of 749,000,000 reduced retained earnings.
- Share repurchases of 550,000,000 reduced equity.
- Other comprehensive income increased equity by 9,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr1.56 Billion | +23.24% |
| Dividends Paid | Dkr749.00 Million | -11.16% |
| Share Repurchases | Dkr550.00 Million | -8.19% |
| Other Comprehensive Income | Dkr9.00 Million | +0.13% |
| Other Changes | Dkr35.00 Million | +0.52% |
| Total Change | Dkr- | 4.76% |
Book Value vs Market Value Analysis
This analysis compares Royal Unibrew 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: 4.24x
- 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 41.89x to 4.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | Dkr13.68 | Dkr573.00 | x |
| 1999-12-31 | Dkr15.95 | Dkr573.00 | x |
| 2000-12-31 | Dkr17.03 | Dkr573.00 | x |
| 2001-12-31 | Dkr14.75 | Dkr573.00 | x |
| 2002-12-31 | Dkr22.35 | Dkr573.00 | x |
| 2003-12-31 | Dkr21.56 | Dkr573.00 | x |
| 2004-12-31 | Dkr23.98 | Dkr573.00 | x |
| 2005-12-31 | Dkr26.51 | Dkr573.00 | x |
| 2006-12-31 | Dkr26.33 | Dkr573.00 | x |
| 2007-12-31 | Dkr26.82 | Dkr573.00 | x |
| 2008-12-31 | Dkr13.86 | Dkr573.00 | x |
| 2009-12-31 | Dkr32.81 | Dkr573.00 | x |
| 2010-12-31 | Dkr22.90 | Dkr573.00 | x |
| 2011-12-31 | Dkr23.91 | Dkr573.00 | x |
| 2012-12-31 | Dkr25.80 | Dkr573.00 | x |
| 2013-12-31 | Dkr40.71 | Dkr573.00 | x |
| 2014-12-31 | Dkr50.79 | Dkr573.00 | x |
| 2015-12-31 | Dkr53.35 | Dkr573.00 | x |
| 2016-12-31 | Dkr54.33 | Dkr573.00 | x |
| 2017-12-31 | Dkr54.10 | Dkr573.00 | x |
| 2018-12-31 | Dkr57.34 | Dkr573.00 | x |
| 2019-12-31 | Dkr62.33 | Dkr573.00 | x |
| 2020-12-31 | Dkr67.34 | Dkr573.00 | x |
| 2021-12-31 | Dkr68.85 | Dkr573.00 | x |
| 2022-12-31 | Dkr105.36 | Dkr573.00 | x |
| 2023-12-31 | Dkr115.54 | Dkr573.00 | x |
| 2024-12-31 | Dkr127.21 | Dkr573.00 | x |
| 2025-12-31 | Dkr135.21 | Dkr573.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Unibrew 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): 23.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.92%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.72x
- Recent ROE (23.24%) is above the historical average (19.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 19.65% | 5.66% | 1.18x | 2.94x | Dkr56.70 Million |
| 1999 | 25.50% | 8.64% | 1.05x | 2.82x | Dkr106.52 Million |
| 2000 | 18.48% | 5.80% | 0.97x | 3.29x | Dkr62.17 Million |
| 2001 | 14.87% | 3.44% | 1.12x | 3.88x | Dkr30.68 Million |
| 2002 | 15.01% | 5.52% | 1.11x | 2.46x | Dkr51.15 Million |
| 2003 | 15.47% | 5.78% | 1.08x | 2.49x | Dkr53.82 Million |
| 2004 | 16.22% | 6.01% | 1.13x | 2.39x | Dkr66.11 Million |
| 2005 | 19.50% | 7.02% | 0.99x | 2.80x | Dkr109.22 Million |
| 2006 | 20.52% | 6.70% | 1.01x | 3.04x | Dkr118.11 Million |
| 2007 | 14.36% | 4.00% | 1.03x | 3.50x | Dkr47.16 Million |
| 2008 | -89.49% | -11.56% | 1.03x | 7.50x | Dkr-537.16 Million |
| 2009 | 5.48% | 1.37% | 1.09x | 3.65x | Dkr-43.25 Million |
| 2010 | 21.92% | 7.37% | 1.24x | 2.41x | Dkr151.19 Million |
| 2011 | 26.59% | 10.14% | 1.19x | 2.21x | Dkr217.11 Million |
| 2012 | 27.54% | 10.82% | 1.20x | 2.11x | Dkr236.43 Million |
| 2013 | 22.48% | 10.70% | 0.65x | 3.25x | Dkr266.28 Million |
| 2014 | 22.15% | 10.31% | 0.86x | 2.49x | Dkr342.33 Million |
| 2015 | 24.24% | 11.79% | 0.89x | 2.30x | Dkr417.95 Million |
| 2016 | 26.92% | 12.36% | 1.04x | 2.09x | Dkr492.61 Million |
| 2017 | 29.52% | 13.01% | 0.94x | 2.41x | Dkr549.24 Million |
| 2018 | 35.91% | 14.26% | 0.91x | 2.78x | Dkr751.01 Million |
| 2019 | 36.87% | 14.85% | 0.91x | 2.74x | Dkr832.27 Million |
| 2020 | 35.76% | 15.65% | 0.91x | 2.51x | Dkr852.20 Million |
| 2021 | 39.01% | 14.85% | 0.80x | 3.28x | Dkr966.00 Million |
| 2022 | 28.93% | 12.99% | 0.79x | 2.81x | Dkr976.20 Million |
| 2023 | 19.05% | 8.47% | 0.73x | 3.09x | Dkr520.20 Million |
| 2024 | 22.85% | 9.74% | 0.84x | 2.79x | Dkr823.20 Million |
| 2025 | 23.24% | 9.92% | 0.86x | 2.72x | Dkr888.70 Million |
Industry Comparison
This section compares Royal Unibrew A/S's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $342,194,341
- Average return on equity (ROE) among peers: -17.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Unibrew A/S (RBREW) | Dkr6.71 Billion | 19.65% | 1.72x | $3.86 Billion |
| Alefarm Brewing AS (ALEFRM) | $10.62 Million | -30.35% | 0.16x | $3.61K |
| Harboes Bryggeri A/S (HARB-B) | $673.77 Million | -4.84% | 0.81x | $42.72 Million |