DSV ADR 2 DK 1 (DS8) - Net Assets
Based on the latest financial reports, DSV ADR 2 DK 1 (DS8) has net assets worth €117.69 Billion EUR (≈ $137.59 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€290.37 Billion ≈ $339.48 Billion USD) and total liabilities (€172.68 Billion ≈ $201.88 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. Check tangible equity quality of DSV ADR 2 DK 1 to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €117.69 Billion |
| % of Total Assets | 40.53% |
| Annual Growth Rate | 17.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 31.5 |
DSV ADR 2 DK 1 - Net Assets Trend (2022–2025)
This chart illustrates how DSV ADR 2 DK 1's net assets have evolved over time, based on quarterly financial data. See DSV ADR 2 DK 1 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DSV ADR 2 DK 1 (2022–2025)
The table below shows the annual net assets of DSV ADR 2 DK 1 from 2022 to 2025. For live valuation and market cap data, see DS8 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €117.69 Billion ≈ $137.59 Billion |
+2.78% |
| 2024-12-31 | €114.50 Billion ≈ $133.87 Billion |
+66.03% |
| 2023-12-31 | €68.97 Billion ≈ $80.63 Billion |
-3.87% |
| 2022-12-31 | €71.74 Billion ≈ $83.87 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to DSV ADR 2 DK 1'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 74.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €122.57 Billion | 104.39% |
| Total Equity | €117.41 Billion | 100.00% |
DSV ADR 2 DK 1 Competitors by Market Cap
The table below lists competitors of DSV ADR 2 DK 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Infosys Ltd ADR
NYSE:INFY
|
$52.35 Billion |
|
Wal-Mart de México S.A.B. de C.V
MX:WALMEX
|
$52.39 Billion |
|
Sandvik AB
ST:SAND
|
$52.42 Billion |
|
SINGAP.TELE. ADR NEW06/10
F:SIT
|
$52.47 Billion |
|
SOFTBANK CORP. ADR
F:3AG0
|
$52.06 Billion |
|
Vistra Energy Corp
NYSE:VST
|
$52.02 Billion |
|
United Microelectronics
NYSE:UMC
|
$51.89 Billion |
|
Credit Agricole SA
PA:ACA
|
$51.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DSV ADR 2 DK 1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 114,182,000,000 to 117,414,000,000, a change of 3,232,000,000 (2.8%).
- Net income of 8,095,000,000 contributed positively to equity growth.
- Dividend payments of 1,683,000,000 reduced retained earnings.
- New share issuances of 2,080,000,000 increased equity.
- Other factors decreased equity by 5,260,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €8.10 Billion | +6.89% |
| Dividends Paid | €1.68 Billion | -1.43% |
| Share Issuances | €2.08 Billion | +1.77% |
| Other Changes | €-5.26 Billion | -4.48% |
| Total Change | €- | 2.83% |
Book Value vs Market Value Analysis
This analysis compares DSV ADR 2 DK 1'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: 0.23x
- 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 0.34x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | €329.73 | €112.00 | x |
| 2023-12-31 | €328.47 | €112.00 | x |
| 2024-12-31 | €486.00 | €112.00 | x |
| 2025-12-31 | €495.95 | €112.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DSV ADR 2 DK 1 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): 6.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.27%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.47x
- Recent ROE (6.89%) is below the historical average (14.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 24.56% | 7.45% | 1.48x | 2.22x | €10.42 Billion |
| 2023 | 17.92% | 8.17% | 1.02x | 2.14x | €5.44 Billion |
| 2024 | 8.85% | 6.05% | 0.71x | 2.07x | €-1.31 Billion |
| 2025 | 6.89% | 3.27% | 0.85x | 2.47x | €-3.65 Billion |
Industry Comparison
This section compares DSV ADR 2 DK 1's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $12,586,030,542
- Average return on equity (ROE) among peers: 20.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DSV ADR 2 DK 1 (DS8) | €117.69 Billion | 24.56% | 1.47x | $52.08 Billion |
| INPOST S.A UNSP.ADR/1/2 (6690) | $2.46 Billion | 50.79% | 4.25x | $7.52 Billion |
| MOVEBYBIKE EUROPE AB (6ZR) | $-19.06 Million | 0.00% | 0.00x | $464.77K |
| JD LOGISTICS DL-000025 (822) | $62.97 Billion | 9.84% | 0.87x | $10.10 Billion |
| BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH) | $219.32 Million | 13.08% | 2.23x | $43.78 Million |
| Deutsche Post AG (DHL) | $8.27 Billion | 7.78% | 3.20x | $56.42 Billion |
| Kuehne + Nagel International AG (KNIU) | $4.15 Billion | 63.76% | 2.56x | $22.79 Billion |
| Müller - Die lila Logistik AG (MLL) | $27.97 Million | 11.66% | 0.73x | $39.30 Million |
| SINOTRANS LTD H YC 1 (SIY) | $35.05 Billion | 10.60% | 1.12x | $1.13 Billion |
| Logwin AG (TGHN) | $155.07 Million | 16.94% | 1.73x | $806.18 Million |
About DSV ADR 2 DK 1
DSV A/S offers freight forwarding and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions. The company provides air freight, charter, and sea-air freight services, as well as unit load devices; sea freight services, including less-than-container load services, sea … Read more