Trifork Holding AG (TRIFOR) - Net Assets

Latest as of March 2026: Dkr147.10 Million DKK ≈ $23.01 Million USD

Based on the latest financial reports, Trifork Holding AG (TRIFOR) has net assets worth Dkr147.10 Million DKK (≈ $23.01 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr311.62 Million ≈ $48.76 Million USD) and total liabilities (Dkr164.52 Million ≈ $25.74 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 TRIFOR tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Dkr147.10 Million
% of Total Assets	47.2%
Annual Growth Rate	22.97%
5-Year Change	31.76%
10-Year Change	454.8%
Growth Volatility	24.34

Trifork Holding AG - Net Assets Trend (2012–2025)

This chart illustrates how Trifork Holding AG's net assets have evolved over time, based on quarterly financial data. See Trifork Holding AG (TRIFOR) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Trifork Holding AG (2012–2025)

The table below shows the annual net assets of Trifork Holding AG from 2012 to 2025. For live valuation and market cap data, see TRIFOR market cap overview.

Year	Net Assets	Change
2025-12-31	Dkr145.91 Million ≈ $22.83 Million	+8.22%
2024-12-31	Dkr134.82 Million ≈ $21.09 Million	+10.80%
2023-12-31	Dkr121.69 Million ≈ $19.04 Million	+5.44%
2022-12-31	Dkr115.41 Million ≈ $18.06 Million	+4.22%
2021-12-31	Dkr110.74 Million ≈ $17.33 Million	+33.10%
2020-12-31	Dkr83.20 Million ≈ $13.02 Million	+45.11%
2019-12-31	Dkr57.33 Million ≈ $8.97 Million	+29.32%
2018-12-31	Dkr44.34 Million ≈ $6.94 Million	+33.39%
2017-12-31	Dkr33.24 Million ≈ $5.20 Million	+26.38%
2016-12-31	Dkr26.30 Million ≈ $4.11 Million	-3.13%
2015-12-31	Dkr27.15 Million ≈ $4.25 Million	+95.07%
2014-12-31	Dkr13.92 Million ≈ $2.18 Million	+23.79%
2013-12-31	Dkr11.24 Million ≈ $1.76 Million	+13.23%
2012-12-31	Dkr9.93 Million ≈ $1.55 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Trifork Holding AG'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 2033.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Dkr143.38 Million	98.84%
Common Stock	Dkr1.66 Million	1.15%
Other Comprehensive Income	Dkr3.15 Million	2.17%
Total Equity	Dkr145.06 Million	100.00%

Trifork Holding AG Competitors by Market Cap

The table below lists competitors of Trifork Holding AG ranked by their market capitalization.

Company	Market Cap
Blue Foundry Bancorp NASDAQ:BLFY	$274.88 Million
Repay Holdings Corp NASDAQ:RPAY	$274.90 Million
Polyplex (Thailand) Public Company Limited BK:PTL	$274.91 Million
Hung Sheng Construction Ltd TW:2534	$274.94 Million
Ningbo United Group Co Ltd SHG:600051	$274.77 Million
Gran Tierra Energy Inc TO:GTE	$274.75 Million
Sonda S.A SN:SONDA	$274.71 Million
Sovereign Metals Ltd AU:SVM	$274.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Trifork Holding AG's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 133,790,000 to 145,061,893, a change of 11,271,893 (8.4%).
Net income of 10,283,923 contributed positively to equity growth.
Dividend payments of 1,670,000 reduced retained earnings.
Share repurchases of 1,718,314 reduced equity.
Other comprehensive income increased equity by 209,501.
Other factors increased equity by 4,166,783.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Dkr10.28 Million	+7.09%
Dividends Paid	Dkr1.67 Million	-1.15%
Share Repurchases	Dkr1.72 Million	-1.18%
Other Comprehensive Income	Dkr209.50K	+0.14%
Other Changes	Dkr4.17 Million	+2.87%
Total Change	Dkr-	8.43%

Book Value vs Market Value Analysis

This analysis compares Trifork Holding AG'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: 12.25x
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 175.33x to 12.25x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	Dkr0.52	Dkr90.60	x
2013-12-31	Dkr0.57	Dkr90.60	x
2014-12-31	Dkr0.73	Dkr90.60	x
2015-12-31	Dkr1.31	Dkr90.60	x
2016-12-31	Dkr1.28	Dkr90.60	x
2017-12-31	Dkr1.74	Dkr90.60	x
2018-12-31	Dkr2.15	Dkr90.60	x
2019-12-31	Dkr2.82	Dkr90.60	x
2020-12-31	Dkr4.08	Dkr90.60	x
2021-12-31	Dkr5.69	Dkr90.60	x
2022-12-31	Dkr5.81	Dkr90.60	x
2023-12-31	Dkr6.14	Dkr90.60	x
2024-12-31	Dkr6.82	Dkr90.60	x
2025-12-31	Dkr7.40	Dkr90.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Trifork Holding AG 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): 7.09%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.66%
• Asset Turnover: 0.68x
• Equity Multiplier: 2.23x
Recent ROE (7.09%) is below the historical average (24.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	26.42%	8.10%	1.12x	2.90x	Dkr1.50 Million
2013	12.06%	3.43%	1.23x	2.85x	Dkr208.30K
2014	30.36%	8.59%	1.05x	3.36x	Dkr2.54 Million
2015	26.50%	10.40%	1.17x	2.18x	Dkr3.82 Million
2016	14.68%	5.45%	0.95x	2.83x	Dkr1.10 Million
2017	42.70%	20.55%	0.87x	2.40x	Dkr10.32 Million
2018	32.31%	15.83%	0.90x	2.27x	Dkr9.45 Million
2019	27.33%	14.32%	0.87x	2.19x	Dkr9.66 Million
2020	53.69%	33.12%	0.57x	2.85x	Dkr35.17 Million
2021	26.73%	18.51%	0.65x	2.24x	Dkr18.37 Million
2022	13.27%	8.23%	0.74x	2.17x	Dkr3.75 Million
2023	12.12%	7.03%	0.68x	2.52x	Dkr2.56 Million
2024	12.39%	8.05%	0.62x	2.50x	Dkr3.20 Million
2025	7.09%	4.66%	0.68x	2.23x	Dkr-4.22 Million

Industry Comparison

This section compares Trifork Holding AG's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $223,434,200
Average return on equity (ROE) among peers: -40.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Trifork Holding AG (TRIFOR)	Dkr147.10 Million	26.42%	1.12x	$274.83 Million
Columbus A/S (COLUM)	$280.53 Million	0.97%	0.78x	$201.08 Million
Dataproces Group A/S (DATA)	$27.22 Million	23.68%	1.04x	$26.71 Million
Netcompany Group A/S (NETC)	$67.68 Million	129.59%	2.49x	$2.28 Billion
Nnit AS (NNIT)	$740.82 Million	28.68%	0.80x	$154.69 Million
Wirtek A/S (WIRTEK)	$924.00K	-385.28%	1.43x	$5.11 Million

About Trifork Holding AG

CO:TRIFOR Denmark Information Technology Services

Market Cap

$274.83 Million

Dkr1.76 Billion DKK

Market Cap Rank

#15363 Global

#62 in Denmark

Share Price

Dkr90.60

Change (1 day)

+0.00%

52-Week Range

Dkr76.70 - Dkr98.70

All Time High

Dkr297.61