Smurfit Kappa Group PLC (SK3) - Net Assets
Based on the latest financial reports, Smurfit Kappa Group PLC (SK3) has net assets worth €18.08 Billion EUR (≈ $21.14 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€45.17 Billion ≈ $52.81 Billion USD) and total liabilities (€27.09 Billion ≈ $31.67 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. Also explore Smurfit Kappa Group PLC total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.08 Billion |
| % of Total Assets | 40.03% |
| Annual Growth Rate | 18.05% |
| 5-Year Change | 317.9% |
| 10-Year Change | 633.28% |
| Growth Volatility | 56.82 |
Smurfit Kappa Group PLC - Net Assets Trend (2013–2025)
This chart illustrates how Smurfit Kappa Group PLC's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Smurfit Kappa Group PLC to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Smurfit Kappa Group PLC (2013–2025)
The table below shows the annual net assets of Smurfit Kappa Group PLC from 2013 to 2025. For live valuation and market cap data, see market value of Smurfit Kappa Group PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €18.35 Billion ≈ $21.46 Billion |
+5.56% |
| 2024-12-31 | €17.39 Billion ≈ $20.33 Billion |
+211.93% |
| 2023-12-31 | €5.57 Billion ≈ $6.52 Billion |
+10.64% |
| 2022-12-31 | €5.04 Billion ≈ $5.89 Billion |
+14.71% |
| 2021-12-31 | €4.39 Billion ≈ $5.13 Billion |
+16.10% |
| 2020-12-31 | €3.78 Billion ≈ $4.42 Billion |
+26.39% |
| 2019-12-31 | €2.99 Billion ≈ $3.50 Billion |
+3.56% |
| 2018-12-31 | €2.89 Billion ≈ $3.38 Billion |
+8.69% |
| 2017-12-31 | €2.66 Billion ≈ $3.11 Billion |
+6.23% |
| 2016-12-31 | €2.50 Billion ≈ $2.93 Billion |
+7.52% |
| 2015-12-31 | €2.33 Billion ≈ $2.72 Billion |
-3.76% |
| 2014-12-31 | €2.42 Billion ≈ $2.83 Billion |
-3.51% |
| 2013-12-31 | €2.51 Billion ≈ $2.93 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Smurfit Kappa Group PLC'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 2094.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.65 Billion | 14.49% |
| Other Components | €15.67 Billion | 85.51% |
| Total Equity | €18.33 Billion | 100.00% |
Smurfit Kappa Group PLC Competitors by Market Cap
The table below lists competitors of Smurfit Kappa Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
TELECOM ITALIA ADR 1
F:TQIA
|
$11.15 Billion |
|
Zebra Technologies Corporation
NASDAQ:ZBRA
|
$11.16 Billion |
|
Dr. Reddy’s Laboratories Ltd ADR
NYSE:RDY
|
$11.16 Billion |
|
COVESTRO AG SP.ADR 1/2
F:1CO1
|
$11.11 Billion |
|
Camden Property Trust
NYSE:CPT
|
$11.11 Billion |
|
Industrial Bank Of Korea
KO:024110
|
$11.11 Billion |
|
Covestro AG
XETRA:1COV
|
$11.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smurfit Kappa Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,360,000,000 to 18,327,000,000, a change of 967,000,000 (5.6%).
- Net income of 699,000,000 contributed positively to equity growth.
- Dividend payments of 900,000,000 reduced retained earnings.
- Other factors increased equity by 1,168,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €699.00 Million | +3.81% |
| Dividends Paid | €900.00 Million | -4.91% |
| Other Changes | €1.17 Billion | +6.37% |
| Total Change | €- | 5.57% |
Book Value vs Market Value Analysis
This analysis compares Smurfit Kappa Group PLC'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: 1.17x
- 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 3.53x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €11.63 | €41.00 | x |
| 2019-12-31 | €12.41 | €41.00 | x |
| 2020-12-31 | €14.61 | €41.00 | x |
| 2021-12-31 | €16.97 | €41.00 | x |
| 2022-12-31 | €19.40 | €41.00 | x |
| 2023-12-31 | €21.46 | €41.00 | x |
| 2024-12-31 | €33.36 | €41.00 | x |
| 2025-12-31 | €35.09 | €41.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smurfit Kappa Group PLC 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): 3.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.24%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.46x
- Recent ROE (3.81%) is below the historical average (10.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.15% | 2.36% | 0.97x | 3.57x | €-42.80 Million |
| 2014 | 10.85% | 2.98% | 0.95x | 3.82x | €18.80 Million |
| 2015 | 18.37% | 4.93% | 0.95x | 3.91x | €182.30 Million |
| 2016 | 19.06% | 5.44% | 0.92x | 3.81x | €211.10 Million |
| 2017 | 16.63% | 4.87% | 0.95x | 3.59x | €166.20 Million |
| 2018 | -23.41% | -7.22% | 0.94x | 3.44x | €-921.90 Million |
| 2019 | 16.12% | 5.26% | 0.91x | 3.36x | €180.80 Million |
| 2020 | 14.46% | 6.39% | 0.83x | 2.73x | €168.00 Million |
| 2021 | 15.51% | 6.72% | 0.86x | 2.67x | €241.10 Million |
| 2022 | 18.79% | 7.37% | 1.03x | 2.48x | €441.50 Million |
| 2023 | 14.84% | 6.82% | 0.96x | 2.27x | €269.00 Million |
| 2024 | 1.84% | 1.51% | 0.48x | 2.52x | €-1.42 Billion |
| 2025 | 3.81% | 2.24% | 0.69x | 2.46x | €-1.13 Billion |
Industry Comparison
This section compares Smurfit Kappa Group PLC's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $40,514,617,514
- Average return on equity (ROE) among peers: 5.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smurfit Kappa Group PLC (SK3) | €18.08 Billion | 8.15% | 1.50x | $11.14 Billion |
| Amcor plc (485) | $3.95 Billion | 18.47% | 3.18x | $3.51 Billion |
| SCG PACKAGING -NVDR- BA1 (5Y7) | $95.29 Billion | 3.88% | 0.98x | $2.62 Billion |
| SCG PACKAGING -FGN- BA 1 (5Y7A) | $122.97 Billion | 4.72% | 0.60x | $8.46K |
| STORA ENSO OYJ R (RE-REG) (ENUN) | $10.89 Billion | -3.28% | 0.91x | $103.82K |
| STORA ENSO R ADR 1 (ENUS) | $9.99 Billion | -1.36% | 0.98x | $7.24 Billion |
| SACCHERIA F.LLI FRANCES. (YV1) | $5.38 Million | 12.86% | 2.40x | $9.98 Million |
About Smurfit Kappa Group PLC
Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, g… Read more