Kesko Oyj (KESKOB) - Net Assets
Based on the latest financial reports, Kesko Oyj (KESKOB) has net assets worth €2.83 Billion EUR (≈ $3.30 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.82 Billion ≈ $10.32 Billion USD) and total liabilities (€6.00 Billion ≈ $7.01 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 financial resilience of Kesko Oyj to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.83 Billion |
| % of Total Assets | 32.04% |
| Annual Growth Rate | 2.86% |
| 5-Year Change | 11.75% |
| 10-Year Change | 32.94% |
| Growth Volatility | 5.49 |
Kesko Oyj - Net Assets Trend (2000–2025)
This chart illustrates how Kesko Oyj's net assets have evolved over time, based on quarterly financial data. Also explore KESKOB asset base for the complete picture of this company's asset base.
Annual Net Assets for Kesko Oyj (2000–2025)
The table below shows the annual net assets of Kesko Oyj from 2000 to 2025. For live valuation and market cap data, see KESKOB stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €2.83 Billion ≈ $3.30 Billion |
+3.36% |
| 2024-12-31 | €2.73 Billion ≈ $3.20 Billion |
-0.85% |
| 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 |
+2.10% |
| 2001-12-31 | €1.36 Billion ≈ $1.59 Billion |
-2.42% |
| 2000-12-31 | €1.40 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 212.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.24 Billion | 79.97% |
| Common Stock | €197.30 Million | 7.05% |
| Other Components | €363.10 Million | 12.98% |
| Total Equity | €2.80 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 |
|---|---|
|
Unicaja Banco SA
MC:UNI
|
$6.65 Billion |
|
Hunan Gold Corp Ltd
SHE:002155
|
$6.65 Billion |
|
Capital Securities Corp. Ltd.
SHG:601136
|
$6.65 Billion |
|
Federal Signal Corporation
NYSE:FSS
|
$6.65 Billion |
|
International Games System Co Ltd
TWO:3293
|
$6.64 Billion |
|
Blue Owl Capital Inc
NYSE:OWL
|
$6.63 Billion |
|
First International Bank of Israel Ltd
TA:FIBI
|
$6.63 Billion |
|
OneMain Holdings Inc
NYSE:OMF
|
$6.63 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 2024 to 2025, total equity changed from 2,722,200,000 to 2,797,800,000, a change of 75,600,000 (2.8%).
- Net income of 404,200,000 contributed positively to equity growth.
- Dividend payments of 370,200,000 reduced retained earnings.
- Share repurchases of 15,500,000 reduced equity.
- New share issuances of 15,500,000 increased equity.
- Other comprehensive income decreased equity by 160,099,999.
- Other factors increased equity by 201,699,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €404.20 Million | +14.45% |
| Dividends Paid | €370.20 Million | -13.23% |
| Share Repurchases | €15.50 Million | -0.55% |
| Share Issuances | €15.50 Million | +0.55% |
| Other Comprehensive Income | €-160.10 Million | -5.72% |
| Other Changes | €201.70 Million | +7.21% |
| Total Change | €- | 2.78% |
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: 2.98x
- 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 5.68x to 2.98x 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 | €20.96 | x |
| 2003-12-31 | €3.66 | €20.96 | x |
| 2004-12-31 | €3.71 | €20.96 | x |
| 2005-12-31 | €3.81 | €20.96 | x |
| 2006-12-31 | €4.46 | €20.96 | x |
| 2007-12-31 | €4.85 | €20.96 | x |
| 2008-12-31 | €4.85 | €20.96 | x |
| 2009-12-31 | €5.09 | €20.96 | x |
| 2010-12-31 | €5.43 | €20.96 | x |
| 2011-12-31 | €5.50 | €20.96 | x |
| 2012-12-31 | €5.59 | €20.96 | x |
| 2013-12-31 | €5.75 | €20.96 | x |
| 2014-12-31 | €5.51 | €20.96 | x |
| 2015-12-31 | €5.46 | €20.96 | x |
| 2016-12-31 | €5.11 | €20.96 | x |
| 2017-12-31 | €5.36 | €20.96 | x |
| 2018-12-31 | €5.26 | €20.96 | x |
| 2019-12-31 | €5.11 | €20.96 | x |
| 2020-12-31 | €5.52 | €20.96 | x |
| 2021-12-31 | €6.37 | €20.96 | x |
| 2022-12-31 | €6.90 | €20.96 | x |
| 2023-12-31 | €6.94 | €20.96 | x |
| 2024-12-31 | €6.84 | €20.96 | x |
| 2025-12-31 | €7.03 | €20.96 | 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): 14.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.24%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 3.15x
- Recent ROE (14.45%) is above the historical average (11.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.55% | 1.43% | 2.45x | 1.86x | €-47.59 Million |
| 2001 | 4.08% | 0.88% | 2.42x | 1.91x | €-79.77 Million |
| 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 | 16.10% | 3.22% | 2.33x | 2.14x | €116.50 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 | 8.35% | 1.92% | 2.26x | 1.93x | €-35.97 Million |
| 2012 | 5.65% | 1.28% | 2.21x | 1.99x | €-95.62 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 | 7.58% | 1.52% | 2.41x | 2.06x | €-50.51 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 |
| 2025 | 14.45% | 3.24% | 1.41x | 3.15x | €124.42 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: $2,267,000,000
- Average return on equity (ROE) among peers: 5.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kesko Oyj (KESKOB) | €2.83 Billion | 6.55% | 2.12x | $6.64 Billion |
| Kesko Oyj (KESKOA) | $2.27 Billion | 5.65% | 0.93x | $3.02 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