Aspo Oyj (ASPO) - Net Assets
Based on the latest financial reports, Aspo Oyj (ASPO) has net assets worth €189.40 Million EUR (≈ $221.43 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€484.00 Million ≈ $565.85 Million USD) and total liabilities (€294.60 Million ≈ $344.42 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 how strategically is Aspo Oyj's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €189.40 Million |
| % of Total Assets | 39.13% |
| Annual Growth Rate | 2.86% |
| 5-Year Change | 26.29% |
| 10-Year Change | 42.67% |
| Growth Volatility | 14.1 |
Aspo Oyj - Net Assets Trend (1998–2025)
This chart illustrates how Aspo Oyj's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Aspo Oyj market capitalisation.
Annual Net Assets for Aspo Oyj (1998–2025)
The table below shows the annual net assets of Aspo Oyj from 1998 to 2025. Also explore how fast is Aspo Oyj growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €163.40 Million ≈ $191.03 Million |
-13.45% |
| 2024-12-31 | €188.80 Million ≈ $220.73 Million |
+34.39% |
| 2023-12-31 | €140.49 Million ≈ $164.24 Million |
-2.23% |
| 2022-12-31 | €143.69 Million ≈ $167.98 Million |
+11.05% |
| 2021-12-31 | €129.39 Million ≈ $151.27 Million |
+14.00% |
| 2020-12-31 | €113.50 Million ≈ $132.69 Million |
-7.02% |
| 2019-12-31 | €122.07 Million ≈ $142.71 Million |
+4.65% |
| 2018-12-31 | €116.65 Million ≈ $136.37 Million |
+3.90% |
| 2017-12-31 | €112.27 Million ≈ $131.25 Million |
-1.97% |
| 2016-12-31 | €114.53 Million ≈ $133.89 Million |
+11.65% |
| 2015-12-31 | €102.58 Million ≈ $119.92 Million |
-1.48% |
| 2014-12-31 | €104.12 Million ≈ $121.73 Million |
+0.79% |
| 2013-12-31 | €103.31 Million ≈ $120.78 Million |
+14.57% |
| 2012-12-31 | €90.17 Million ≈ $105.42 Million |
-2.50% |
| 2011-12-31 | €92.48 Million ≈ $108.12 Million |
+33.13% |
| 2010-12-31 | €69.47 Million ≈ $81.22 Million |
+3.84% |
| 2009-12-31 | €66.90 Million ≈ $78.21 Million |
+1.41% |
| 2008-12-31 | €65.97 Million ≈ $77.13 Million |
+4.69% |
| 2007-12-31 | €63.01 Million ≈ $73.67 Million |
+8.33% |
| 2006-12-31 | €58.17 Million ≈ $68.01 Million |
+1.26% |
| 2005-12-31 | €57.45 Million ≈ $67.16 Million |
-24.50% |
| 2004-12-31 | €76.09 Million ≈ $88.95 Million |
+35.33% |
| 2003-12-31 | €56.22 Million ≈ $65.73 Million |
-11.65% |
| 2002-12-31 | €63.63 Million ≈ $74.39 Million |
+12.51% |
| 2001-12-31 | €56.56 Million ≈ $66.12 Million |
-10.09% |
| 2000-12-31 | €62.91 Million ≈ $73.54 Million |
-8.43% |
| 1999-12-31 | €68.70 Million ≈ $80.32 Million |
-9.93% |
| 1998-12-31 | €76.27 Million ≈ $89.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aspo Oyj'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 88.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €122.70 Million | 85.51% |
| Common Stock | €17.69 Million | 12.33% |
| Other Comprehensive Income | €-11.80 Million | -8.22% |
| Other Components | €14.91 Million | 10.39% |
| Total Equity | €143.50 Million | 100.00% |
Aspo Oyj Competitors by Market Cap
The table below lists competitors of Aspo Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Etoiles Capital Group Co., Ltd. Class A Ordinary Shares
NASDAQ:EFTY
|
$226.95 Million |
|
Coastal Contracts Bhd
KLSE:5071
|
$227.05 Million |
|
National CineMedia Inc
NASDAQ:NCMI
|
$227.07 Million |
|
Copper Fox Metals Inc.
V:CUU
|
$227.17 Million |
|
Forcecon Technology Co Ltd
TWO:3483
|
$226.74 Million |
|
Dynamic Cables Limited
NSE:DYCL
|
$226.71 Million |
|
AudioCodes Ltd
TA:AUDC
|
$226.50 Million |
|
Kogan.com Ltd
AU:KGN
|
$226.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aspo Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 161,300,000 to 143,500,000, a change of -17,800,000 (-11.0%).
- Net income of 23,500,000 contributed positively to equity growth.
- Dividend payments of 6,000,000 reduced retained earnings.
- Share repurchases of 700,000 reduced equity.
- Other comprehensive income decreased equity by 50,809,999.
- Other factors increased equity by 16,209,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €23.50 Million | +16.38% |
| Dividends Paid | €6.00 Million | -4.18% |
| Share Repurchases | €700.00K | -0.49% |
| Other Comprehensive Income | €-50.81 Million | -35.41% |
| Other Changes | €16.21 Million | +11.3% |
| Total Change | €- | -11.04% |
Book Value vs Market Value Analysis
This analysis compares Aspo Oyj'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: 1.65x
- 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 2.80x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | €2.59 | €7.24 | x |
| 1999-12-31 | €2.46 | €7.24 | x |
| 2000-12-31 | €2.25 | €7.24 | x |
| 2001-12-31 | €2.02 | €7.24 | x |
| 2002-12-31 | €2.33 | €7.24 | x |
| 2003-12-31 | €2.06 | €7.24 | x |
| 2004-12-31 | €2.63 | €7.24 | x |
| 2005-12-31 | €1.89 | €7.24 | x |
| 2006-12-31 | €2.17 | €7.24 | x |
| 2007-12-31 | €2.09 | €7.24 | x |
| 2008-12-31 | €2.20 | €7.24 | x |
| 2009-12-31 | €2.26 | €7.24 | x |
| 2010-12-31 | €2.35 | €7.24 | x |
| 2011-12-31 | €2.94 | €7.24 | x |
| 2012-12-31 | €2.80 | €7.24 | x |
| 2013-12-31 | €3.21 | €7.24 | x |
| 2014-12-31 | €3.43 | €7.24 | x |
| 2015-12-31 | €3.37 | €7.24 | x |
| 2016-12-31 | €3.75 | €7.24 | x |
| 2017-12-31 | €3.67 | €7.24 | x |
| 2018-12-31 | €3.79 | €7.24 | x |
| 2019-12-31 | €3.92 | €7.24 | x |
| 2020-12-31 | €3.64 | €7.24 | x |
| 2021-12-31 | €4.14 | €7.24 | x |
| 2022-12-31 | €4.59 | €7.24 | x |
| 2023-12-31 | €4.48 | €7.24 | x |
| 2024-12-31 | €5.13 | €7.24 | x |
| 2025-12-31 | €4.40 | €7.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aspo Oyj 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): 16.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.01%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 3.58x
- Recent ROE (16.38%) is above the historical average (12.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 3.94% | 3.59% | 0.56x | 1.97x | €-4.35 Million |
| 1999 | 9.08% | 7.39% | 0.65x | 1.89x | €-626.50K |
| 2000 | 4.72% | 2.72% | 0.92x | 1.88x | €-3.30 Million |
| 2001 | -2.82% | -1.28% | 1.16x | 1.90x | €-7.20 Million |
| 2002 | 20.85% | 9.42% | 1.20x | 1.85x | €6.84 Million |
| 2003 | 1.97% | 0.76% | 1.15x | 2.26x | €-4.48 Million |
| 2004 | 18.26% | 7.51% | 1.60x | 1.52x | €6.27 Million |
| 2005 | 18.81% | 5.26% | 1.67x | 2.14x | €5.05 Million |
| 2006 | 14.18% | 3.64% | 1.75x | 2.23x | €2.42 Million |
| 2007 | 24.51% | 5.76% | 1.89x | 2.25x | €9.10 Million |
| 2008 | 23.52% | 4.35% | 1.63x | 3.32x | €8.91 Million |
| 2009 | 12.87% | 2.62% | 1.69x | 2.91x | €1.92 Million |
| 2010 | 15.11% | 2.62% | 1.86x | 3.10x | €3.51 Million |
| 2011 | 14.49% | 2.79% | 1.77x | 2.93x | €4.12 Million |
| 2012 | 12.05% | 2.24% | 1.55x | 3.48x | €1.84 Million |
| 2013 | 8.36% | 1.80% | 1.57x | 2.95x | €-1.69 Million |
| 2014 | 17.68% | 3.81% | 1.62x | 2.86x | €8.00 Million |
| 2015 | 19.26% | 4.43% | 1.46x | 2.97x | €9.50 Million |
| 2016 | 13.84% | 3.47% | 1.48x | 2.70x | €4.40 Million |
| 2017 | 17.29% | 3.86% | 1.56x | 2.86x | €8.18 Million |
| 2018 | 12.16% | 2.62% | 1.35x | 3.43x | €2.52 Million |
| 2019 | 13.20% | 2.74% | 1.43x | 3.36x | €3.91 Million |
| 2020 | 11.83% | 2.68% | 1.30x | 3.38x | €2.07 Million |
| 2021 | 19.54% | 4.41% | 1.41x | 3.14x | €12.34 Million |
| 2022 | 14.40% | 3.22% | 1.55x | 2.89x | €6.32 Million |
| 2023 | 1.14% | 0.30% | 1.31x | 2.92x | €-12.45 Million |
| 2024 | 3.94% | 1.07% | 1.16x | 3.17x | €-9.77 Million |
| 2025 | 16.38% | 5.01% | 0.91x | 3.58x | €9.15 Million |
Industry Comparison
This section compares Aspo Oyj's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $49,100,000
- Average return on equity (ROE) among peers: -50.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspo Oyj (ASPO) | €189.40 Million | 3.94% | 1.56x | $226.89 Million |
| KH Group Oyj (KHG) | $49.10 Million | -50.11% | 4.53x | $30.32 Million |
About Aspo Oyj
Aspo Oyj provides shipping services in Finland, Scandinavia, the Baltic countries, other European countries, and internationally. It operates through ESL Shipping and Telko segments. The ESL Shipping segment conducts sea transportation of raw materials for industry and the energy sector; and offers related services. The Telko segment acquires and supplies plastic raw materials, chemicals, and lub… Read more