Københavns Lufthavne A/S
Københavns Lufthavne A/S owns, develops, and operates Copenhagen Airport and Roskilde Airport in Denmark. The company offers infrastructure and air traffic-related services, including route development, baggage systems, and security; and operation and development of technology, terminals, IT, shuttle buses, aircraft stands, and runways. It also engages in the non-aeronautical business, such as pa… Read more
Københavns Lufthavne A/S (KLH) - Net Assets
Latest net assets as of September 2025: €5.21 Billion EUR
Based on the latest financial reports, Københavns Lufthavne A/S (KLH) has net assets worth €5.21 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€16.93 Billion) and total liabilities (€11.72 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 | €5.21 Billion |
| % of Total Assets | 30.78% |
| Annual Growth Rate | 3.89% |
| 5-Year Change | 66.08% |
| 10-Year Change | 47.61% |
| Growth Volatility | 11.46 |
Københavns Lufthavne A/S - Net Assets Trend (2013–2024)
This chart illustrates how Københavns Lufthavne 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 Københavns Lufthavne A/S (2013–2024)
The table below shows the annual net assets of Københavns Lufthavne A/S from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €4.42 Billion | +28.45% |
| 2023-12-31 | €3.44 Billion | +3.03% |
| 2022-12-31 | €3.34 Billion | +4.35% |
| 2021-12-31 | €3.20 Billion | +20.26% |
| 2020-12-31 | €2.66 Billion | -18.40% |
| 2019-12-31 | €3.26 Billion | +5.59% |
| 2018-12-31 | €3.09 Billion | -2.10% |
| 2017-12-31 | €3.15 Billion | +3.76% |
| 2016-12-31 | €3.04 Billion | +1.55% |
| 2015-12-31 | €2.99 Billion | +5.15% |
| 2014-12-31 | €2.85 Billion | -1.91% |
| 2013-12-31 | €2.90 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Københavns Lufthavne 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 41.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.20 Billion | 82.97% |
| Other Components | €656.00 Million | 17.03% |
| Total Equity | €3.85 Billion | 100.00% |
Københavns Lufthavne A/S Competitors by Market Cap
The table below lists competitors of Københavns Lufthavne A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yang Ming Marine Transport Corp
TW:2609
|
$4.17 Billion |
|
Saputo Inc
PINK:SAPIF
|
$4.17 Billion |
|
Rational AG
LSE:0FRJ
|
$4.17 Billion |
|
Hensoldt AG
PINK:HNSDF
|
$4.17 Billion |
|
Yara International ASA
PINK:YRAIF
|
$4.16 Billion |
|
Life Time Group Holdings Inc
NYSE:LTH
|
$4.16 Billion |
|
GUNMA BK LTD
F:5F0
|
$4.16 Billion |
|
Urban Outfitters Inc
NASDAQ:URBN
|
$4.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Københavns Lufthavne A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,852,000,000 to 3,853,000,000, a change of 1,001,000,000 (35.1%).
- Net income of 1,016,000,000 contributed positively to equity growth.
- Dividend payments of 47,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.02 Billion | +26.37% |
| Dividends Paid | €47.00 Million | -1.22% |
| Other Changes | €32.00 Million | +0.83% |
| Total Change | €- | 35.10% |
Book Value vs Market Value Analysis
This analysis compares Københavns Lufthavne 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: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.09x to 1.71x 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 | €401.68 | €838.00 | x |
| 2018-12-31 | €393.26 | €838.00 | x |
| 2019-12-31 | €415.22 | €838.00 | x |
| 2020-12-31 | €338.81 | €838.00 | x |
| 2021-12-31 | €320.41 | €838.00 | x |
| 2022-12-31 | €343.65 | €838.00 | x |
| 2023-12-31 | €363.40 | €838.00 | x |
| 2024-12-31 | €490.95 | €838.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Københavns Lufthavne 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): 26.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.04%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 4.18x
- Recent ROE (26.37%) is above the historical average (20.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 33.65% | 26.78% | 0.38x | 3.30x | €686.04 Million |
| 2014 | 33.69% | 24.78% | 0.39x | 3.48x | €673.89 Million |
| 2015 | 36.30% | 26.74% | 0.38x | 3.57x | €786.84 Million |
| 2016 | 41.44% | 28.47% | 0.39x | 3.69x | €955.19 Million |
| 2017 | 40.78% | 28.96% | 0.38x | 3.68x | €970.26 Million |
| 2018 | 35.81% | 24.87% | 0.34x | 4.20x | €796.67 Million |
| 2019 | 31.31% | 23.48% | 0.31x | 4.34x | €694.43 Million |
| 2020 | -24.00% | -40.50% | 0.11x | 5.37x | €-904.00 Million |
| 2021 | -20.95% | -29.92% | 0.11x | 6.11x | €-778.36 Million |
| 2022 | 7.08% | 5.41% | 0.23x | 5.66x | €-78.70 Million |
| 2023 | 9.26% | 6.50% | 0.26x | 5.44x | €-21.20 Million |
| 2024 | 26.37% | 20.04% | 0.31x | 4.18x | €630.70 Million |
Industry Comparison
This section compares Københavns Lufthavne A/S's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $5,472,405,708
- Average return on equity (ROE) among peers: -5.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Københavns Lufthavne A/S (KLH) | €5.21 Billion | 33.65% | 2.25x | $4.17 Billion |
| Aeroporto Guglielmo Marconi di Bologna S.p.A (169) | $189.31 Million | 16.43% | 0.77x | $62.01 Million |
| Skymark Airlines Inc. (7SA) | $9.30 Billion | -72.36% | 9.06x | $53.24 Million |
| ENAV SpA (ENV) | $1.16 Billion | 6.74% | 1.03x | $1.33 Billion |
| GRUPO AEROPORT-B (G7AB.SG) (G7AB) | $11.24 Billion | 25.42% | 1.04x | $3.83 Billion |