Kalmar (KALMAR) - Net Assets

Latest as of December 2025: €717.90 Million EUR ≈ $839.30 Million USD

Based on the latest financial reports, Kalmar (KALMAR) has net assets worth €717.90 Million EUR (≈ $839.30 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.75 Billion ≈ $2.04 Billion USD) and total liabilities (€1.03 Billion ≈ $1.20 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. Explore KALMAR cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€717.90 Million
% of Total Assets	41.06%
Annual Growth Rate	-1.93%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	13.71

Kalmar - Net Assets Trend (2021–2025)

This chart illustrates how Kalmar's net assets have evolved over time, based on quarterly financial data. Also explore KALMAR total assets for the complete picture of this company's asset base.

Annual Net Assets for Kalmar (2021–2025)

The table below shows the annual net assets of Kalmar from 2021 to 2025. For live valuation and market cap data, see KALMAR stock market capitalisation.

Year	Net Assets	Change
2025-12-31	€717.90 Million ≈ $839.30 Million	+12.49%
2024-12-31	€638.20 Million ≈ $746.12 Million	-21.99%
2023-12-31	€818.10 Million ≈ $956.44 Million	-4.09%
2022-12-31	€853.00 Million ≈ $997.25 Million	+9.92%
2021-12-31	€776.00 Million ≈ $907.23 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Kalmar'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 decreased by 29.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€664.90 Million	92.63%
Common Stock	€20.00 Million	2.79%
Other Comprehensive Income	€-123.90 Million	-17.26%
Other Components	€156.80 Million	21.84%
Total Equity	€717.80 Million	100.00%

Kalmar Competitors by Market Cap

The table below lists competitors of Kalmar ranked by their market capitalization.

Company	Market Cap
Remitly Global Inc NASDAQ:RELY	$2.73 Billion
KIOCL Limited NSE:KIOCL	$2.73 Billion
Boralex Inc TO:BLX	$2.74 Billion
Piramal Enterprises Limited NSE:PEL	$2.74 Billion
Hesai Group Sponsored ADR NASDAQ:HSAI	$2.73 Billion
Privia Health Group Inc NASDAQ:PRVA	$2.73 Billion
Nuvoton Technology Corp TW:4919	$2.73 Billion
Antong Holdings Co Ltd SHG:600179	$2.73 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Kalmar's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 638,200,000 to 717,800,000, a change of 79,600,000 (12.5%).
Net income of 163,300,000 contributed positively to equity growth.
Dividend payments of 64,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 180,599,999.
Other factors increased equity by 160,899,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€163.30 Million	+22.75%
Dividends Paid	€64.00 Million	-8.92%
Other Comprehensive Income	€-180.60 Million	-25.16%
Other Changes	€160.90 Million	+22.42%
Total Change	€-	12.47%

Book Value vs Market Value Analysis

This analysis compares Kalmar'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: 3.84x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 3.53x to 3.84x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2021-12-31	€12.13	€42.82	x
2022-12-31	€13.34	€42.82	x
2023-12-31	€12.72	€42.82	x
2024-12-31	€9.92	€42.82	x
2025-12-31	€11.16	€42.82	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kalmar 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): 22.75%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.38%
• Asset Turnover: 1.00x
• Equity Multiplier: 2.44x
Recent ROE (22.75%) is above the historical average (22.21%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2021	33.70%	17.29%	0.86x	2.27x	€183.91 Million
2022	10.86%	4.77%	1.02x	2.23x	€7.30 Million
2023	23.69%	9.46%	1.11x	2.26x	€111.99 Million
2024	20.04%	7.43%	1.01x	2.66x	€64.08 Million
2025	22.75%	9.38%	1.00x	2.44x	€91.52 Million

Industry Comparison

This section compares Kalmar's net assets metrics with peer companies in the Integrated Freight & Logistics industry.

No peer company data available for comparison.

About Kalmar

HE:KALMAR Finland Integrated Freight & Logistics

Market Cap

$2.73 Billion

€2.34 Billion EUR

Market Cap Rank

#5324 Global

#20 in Finland

Share Price

€42.82

Change (1 day)

+1.81%

52-Week Range

€30.82 - €51.00

All Time High

€51.00