Kesko Oyj (KESKOA) - Net Assets
Based on the latest financial reports, Kesko Oyj (KESKOA) has net assets worth €2.52 Billion EUR (≈ $2.95 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.92 Billion ≈ $10.43 Billion USD) and total liabilities (€6.39 Billion ≈ $7.48 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 Kesko Oyj liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.52 Billion |
| % of Total Assets | 28.3% |
| Annual Growth Rate | 3.12% |
| 5-Year Change | 24.93% |
| 10-Year Change | 21.99% |
| Growth Volatility | 5.72 |
Kesko Oyj - Net Assets Trend (2002–2024)
This chart illustrates how Kesko Oyj's net assets have evolved over time, based on quarterly financial data. Also explore KESKOA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Kesko Oyj (2002–2024)
The table below shows the annual net assets of Kesko Oyj from 2002 to 2024. For live valuation and market cap data, see KESKOA company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.74 Billion ≈ $3.20 Billion |
-0.84% |
| 2023-12-31 | €2.76 Billion ≈ $3.22 Billion |
+0.59% |
| 2022-12-31 | €2.74 Billion ≈ $3.21 Billion |
+8.41% |
| 2021-12-31 | €2.53 Billion ≈ $2.96 Billion |
+15.54% |
| 2020-12-31 | €2.19 Billion ≈ $2.56 Billion |
+2.27% |
| 2019-12-31 | €2.14 Billion ≈ $2.50 Billion |
-2.62% |
| 2018-12-31 | €2.20 Billion ≈ $2.57 Billion |
-1.51% |
| 2017-12-31 | €2.23 Billion ≈ $2.61 Billion |
+4.97% |
| 2016-12-31 | €2.13 Billion ≈ $2.49 Billion |
-5.16% |
| 2015-12-31 | €2.24 Billion ≈ $2.62 Billion |
-1.04% |
| 2014-12-31 | €2.27 Billion ≈ $2.65 Billion |
-3.70% |
| 2013-12-31 | €2.35 Billion ≈ $2.75 Billion |
+3.77% |
| 2012-12-31 | €2.27 Billion ≈ $2.65 Billion |
+1.52% |
| 2011-12-31 | €2.23 Billion ≈ $2.61 Billion |
+1.05% |
| 2010-12-31 | €2.21 Billion ≈ $2.58 Billion |
+6.79% |
| 2009-12-31 | €2.07 Billion ≈ $2.42 Billion |
+2.12% |
| 2008-12-31 | €2.03 Billion ≈ $2.37 Billion |
+3.16% |
| 2007-12-31 | €1.96 Billion ≈ $2.30 Billion |
+10.53% |
| 2006-12-31 | €1.78 Billion ≈ $2.08 Billion |
+17.85% |
| 2005-12-31 | €1.51 Billion ≈ $1.76 Billion |
+7.20% |
| 2004-12-31 | €1.41 Billion ≈ $1.64 Billion |
-0.59% |
| 2003-12-31 | €1.42 Billion ≈ $1.65 Billion |
+1.67% |
| 2002-12-31 | €1.39 Billion ≈ $1.63 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Kesko 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 205.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.19 Billion | 80.44% |
| Common Stock | €197.30 Million | 7.25% |
| Other Components | €335.20 Million | 12.31% |
| Total Equity | €2.72 Billion | 100.00% |
Kesko Oyj Competitors by Market Cap
The table below lists competitors of Kesko Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aperam SA
MC:APAM
|
$3.02 Billion |
|
OceanaGold Corporation
F:RQQ
|
$3.02 Billion |
|
BKV Corporation
NYSE:BKV
|
$3.02 Billion |
|
EREGLI DEM CEL FABR DL1
F:EDVA
|
$3.02 Billion |
|
GKG Precision Machine Co. Ltd. A
SHE:301338
|
$3.02 Billion |
|
Varonis Systems
NASDAQ:VRNS
|
$3.02 Billion |
|
China Huarong Asset Management Co. Ltd
F:CHE
|
$3.02 Billion |
|
Feilong Auto Components Co Ltd
SHE:002536
|
$3.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kesko Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,758,400,000 to 2,722,200,000, a change of -36,200,000 (-1.3%).
- Net income of 379,100,000 contributed positively to equity growth.
- Dividend payments of 320,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 199,399,999.
- Other factors increased equity by 104,399,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €379.10 Million | +13.93% |
| Dividends Paid | €320.30 Million | -11.77% |
| Other Comprehensive Income | €-199.40 Million | -7.32% |
| Other Changes | €104.40 Million | +3.84% |
| Total Change | €- | -1.31% |
Book Value vs Market Value Analysis
This analysis compares Kesko 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: 2.97x
- 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 5.51x to 2.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €3.69 | €20.35 | x |
| 2003-12-31 | €3.66 | €20.35 | x |
| 2004-12-31 | €3.71 | €20.35 | x |
| 2005-12-31 | €3.81 | €20.35 | x |
| 2006-12-31 | €4.46 | €20.35 | x |
| 2007-12-31 | €4.85 | €20.35 | x |
| 2008-12-31 | €4.85 | €20.35 | x |
| 2009-12-31 | €5.09 | €20.35 | x |
| 2010-12-31 | €5.43 | €20.35 | x |
| 2011-12-31 | €5.50 | €20.35 | x |
| 2012-12-31 | €5.59 | €20.35 | x |
| 2013-12-31 | €5.75 | €20.35 | x |
| 2014-12-31 | €5.51 | €20.35 | x |
| 2015-12-31 | €5.46 | €20.35 | x |
| 2016-12-31 | €5.11 | €20.35 | x |
| 2017-12-31 | €5.36 | €20.35 | x |
| 2018-12-31 | €5.26 | €20.35 | x |
| 2019-12-31 | €5.11 | €20.35 | x |
| 2020-12-31 | €5.52 | €20.35 | x |
| 2021-12-31 | €6.37 | €20.35 | x |
| 2022-12-31 | €6.90 | €20.35 | x |
| 2023-12-31 | €6.94 | €20.35 | x |
| 2024-12-31 | €6.84 | €20.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kesko 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): 13.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.18%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 3.11x
- Recent ROE (13.93%) is above the historical average (11.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.04% | 1.05% | 2.46x | 1.95x | €-66.79 Million |
| 2003 | 7.20% | 1.36% | 2.56x | 2.07x | €-37.30 Million |
| 2004 | 12.76% | 2.35% | 2.35x | 2.32x | €38.10 Million |
| 2005 | 12.24% | 2.29% | 2.21x | 2.42x | €33.17 Million |
| 2006 | 21.07% | 4.21% | 2.30x | 2.18x | €193.70 Million |
| 2007 | 14.93% | 2.99% | 2.33x | 2.14x | €94.10 Million |
| 2008 | 10.45% | 2.07% | 2.47x | 2.04x | €8.60 Million |
| 2009 | 6.69% | 1.59% | 2.20x | 1.92x | €-66.29 Million |
| 2010 | 10.03% | 2.46% | 2.10x | 1.94x | €560.00K |
| 2011 | 9.05% | 2.08% | 2.26x | 1.93x | €-20.57 Million |
| 2012 | 5.82% | 1.32% | 2.21x | 1.99x | €-92.02 Million |
| 2013 | 7.59% | 1.86% | 2.14x | 1.91x | €-54.84 Million |
| 2014 | 4.40% | 1.06% | 2.16x | 1.92x | €-122.39 Million |
| 2015 | 4.70% | 1.17% | 2.10x | 1.91x | €-114.74 Million |
| 2016 | 4.86% | 0.97% | 2.31x | 2.17x | €-104.31 Million |
| 2017 | 12.08% | 2.41% | 2.39x | 2.10x | €44.46 Million |
| 2018 | 7.67% | 1.54% | 2.41x | 2.06x | €-48.61 Million |
| 2019 | 16.74% | 3.16% | 1.55x | 3.41x | €136.62 Million |
| 2020 | 19.80% | 4.06% | 1.61x | 3.03x | €214.47 Million |
| 2021 | 22.61% | 5.06% | 1.62x | 2.75x | €318.85 Million |
| 2022 | 22.24% | 5.16% | 1.58x | 2.73x | €335.68 Million |
| 2023 | 17.97% | 4.21% | 1.52x | 2.81x | €219.76 Million |
| 2024 | 13.93% | 3.18% | 1.41x | 3.11x | €106.88 Million |
Industry Comparison
This section compares Kesko Oyj's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $1,391,700,000
- Average return on equity (ROE) among peers: 4.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kesko Oyj (KESKOA) | €2.52 Billion | 5.04% | 2.53x | $3.02 Billion |
| Kesko Oyj (KESKOB) | $1.39 Billion | 4.87% | 0.89x | $6.64 Billion |
About Kesko Oyj
Kesko Oyj engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade division is involved in the wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates as a foodservice … Read more