Axfood AB (publ)
Axfood AB (publ) engages in the food retail and wholesale businesses primarily in Sweden. It operates through five segments: Willys, Hemköp, City Gross, Snabbgross, and Dagab. The company sells groceries through Willys, HANDLAR'N, Hemköp, and Eurocash, City Gross, Tempo, and Tempo store chains. It is also involved in the e-commerce business; and provision of private label products. In addition, i… Read more
Axfood AB (publ) (AXL1) - Net Assets
Latest net assets as of June 2025: €6.57 Billion EUR
Based on the latest financial reports, Axfood AB (publ) (AXL1) has net assets worth €6.57 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.14 Billion) and total liabilities (€29.57 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 | €6.57 Billion |
| % of Total Assets | 18.18% |
| Annual Growth Rate | 7.58% |
| 5-Year Change | 61.91% |
| 10-Year Change | N/A |
| Growth Volatility | 10.96 |
Axfood AB (publ) - Net Assets Trend (2016–2024)
This chart illustrates how Axfood AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Axfood AB (publ) (2016–2024)
The table below shows the annual net assets of Axfood AB (publ) from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €7.39 Billion | +2.83% |
| 2023-12-31 | €7.18 Billion | +4.12% |
| 2022-12-31 | €6.90 Billion | +33.33% |
| 2021-12-31 | €5.18 Billion | +13.43% |
| 2020-12-31 | €4.56 Billion | +7.39% |
| 2019-12-31 | €4.25 Billion | -6.16% |
| 2018-12-31 | €4.53 Billion | +1.12% |
| 2017-12-31 | €4.48 Billion | +8.74% |
| 2016-12-31 | €4.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Axfood AB (publ)'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 39.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.81 Billion | 68.16% |
| Other Components | €2.25 Billion | 31.84% |
| Total Equity | €7.05 Billion | 100.00% |
Axfood AB (publ) Competitors by Market Cap
The table below lists competitors of Axfood AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Copper Company Limited
PINK:JIAXF
|
$3.36 Billion |
|
Brighthouse Financial Inc
NASDAQ:BHF
|
$3.36 Billion |
|
QuantumScape Corporation Class A Common Stock
NYSE:QS
|
$3.36 Billion |
|
Oscar Health Inc
NYSE:OSCR
|
$3.37 Billion |
|
Herc Holdings Inc
NYSE:HRI
|
$3.36 Billion |
|
Adani Green Energy Limited
NSE:ADANIGREEN
|
$3.36 Billion |
|
Kulicke and Soffa Industries Inc
NASDAQ:KLIC
|
$3.36 Billion |
|
President Chain Store Corp
TW:2912
|
$3.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Axfood AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,877,000,000 to 7,053,000,000, a change of 176,000,000 (2.6%).
- Net income of 2,192,000,000 contributed positively to equity growth.
- Dividend payments of 1,834,000,000 reduced retained earnings.
- Share repurchases of 66,000,000 reduced equity.
- Other factors decreased equity by 116,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.19 Billion | +31.08% |
| Dividends Paid | €1.83 Billion | -26.0% |
| Share Repurchases | €66.00 Million | -0.94% |
| Other Changes | €-116.00 Million | -1.64% |
| Total Change | €- | 2.56% |
Book Value vs Market Value Analysis
This analysis compares Axfood AB (publ)'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: 0.93x
- 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 1.50x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €20.35 | €30.55 | x |
| 2018-12-31 | €20.54 | €30.55 | x |
| 2019-12-31 | €19.21 | €30.55 | x |
| 2020-12-31 | €20.70 | €30.55 | x |
| 2021-12-31 | €23.68 | €30.55 | x |
| 2022-12-31 | €30.62 | €30.55 | x |
| 2023-12-31 | €31.87 | €30.55 | x |
| 2024-12-31 | €32.69 | €30.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Axfood AB (publ) 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): 31.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.61%
- • Asset Turnover: 2.37x
- • Equity Multiplier: 5.02x
- Recent ROE (31.08%) is below the historical average (37.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 35.78% | 3.40% | 4.11x | 2.56x | €1.06 Billion |
| 2017 | 34.29% | 3.18% | 4.01x | 2.69x | €1.04 Billion |
| 2018 | 36.08% | 3.23% | 3.93x | 2.84x | €1.12 Billion |
| 2019 | 41.00% | 3.25% | 2.93x | 4.30x | €1.25 Billion |
| 2020 | 44.05% | 3.55% | 2.85x | 4.34x | €1.47 Billion |
| 2021 | 43.42% | 3.71% | 2.44x | 4.79x | €1.65 Billion |
| 2022 | 35.71% | 3.21% | 2.57x | 4.33x | €1.70 Billion |
| 2023 | 34.27% | 2.91% | 2.70x | 4.36x | €1.67 Billion |
| 2024 | 31.08% | 2.61% | 2.37x | 5.02x | €1.49 Billion |
Industry Comparison
This section compares Axfood AB (publ)'s net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $2,047,700,000
- Average return on equity (ROE) among peers: 17.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Axfood AB (publ) (AXL1) | €6.57 Billion | 35.78% | 4.50x | $3.36 Billion |
| Etn. Fr. Colruyt NV (EFC1) | $2.05 Billion | 17.85% | 0.96x | $964.29 Million |