UPM-Kymmene Oyj Net Assets
UPM-Kymmene Oyj net assets. Based on the latest financial reports, UPM-Kymmene Oyj (UPM) has net assets worth €10.33 Billion EUR (≈ $12.08 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 (€18.19 Billion ≈ $21.26 Billion USD) and total liabilities (€7.86 Billion ≈ $9.19 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. See UPM-Kymmene Oyj net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.33 Billion |
| % of Total Assets | 56.8% |
| Annual Growth Rate | 3.03% |
| 5-Year Change | 21.31% |
| 10-Year Change | 45.27% |
| Growth Volatility | 9.94 |
Net Assets of UPM-Kymmene Oyj (1998–2024)
Net assets of UPM-Kymmene Oyj from 1998 to 2024. This chart illustrates how UPM-Kymmene Oyj's net assets have evolved over time, based on quarterly financial data. Also explore UPM net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for UPM-Kymmene Oyj (1998–2024)
The table below shows the annual net assets of UPM-Kymmene Oyj from 1998 to 2024. For live market cap and overall valuation, see UPM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €11.54 Billion ≈ $13.49 Billion |
+0.08% |
| 2023-12-31 | €11.53 Billion ≈ $13.48 Billion |
-10.46% |
| 2022-12-31 | €12.88 Billion ≈ $15.06 Billion |
+15.94% |
| 2021-12-31 | €11.11 Billion ≈ $12.99 Billion |
+16.76% |
| 2020-12-31 | €9.51 Billion ≈ $11.12 Billion |
-6.51% |
| 2019-12-31 | €10.18 Billion ≈ $11.90 Billion |
+3.86% |
| 2018-12-31 | €9.80 Billion ≈ $11.45 Billion |
+13.08% |
| 2017-12-31 | €8.66 Billion ≈ $10.13 Billion |
+5.18% |
| 2016-12-31 | €8.24 Billion ≈ $9.63 Billion |
+3.69% |
| 2015-12-31 | €7.94 Billion ≈ $9.29 Billion |
+6.20% |
| 2014-12-31 | €7.48 Billion ≈ $8.74 Billion |
+0.34% |
| 2013-12-31 | €7.46 Billion ≈ $8.72 Billion |
+25.91% |
| 2012-12-31 | €5.92 Billion ≈ $6.92 Billion |
-20.81% |
| 2011-12-31 | €7.48 Billion ≈ $8.74 Billion |
+5.18% |
| 2010-12-31 | €7.11 Billion ≈ $8.31 Billion |
+7.68% |
| 2009-12-31 | €6.60 Billion ≈ $7.72 Billion |
+7.88% |
| 2008-12-31 | €6.12 Billion ≈ $7.15 Billion |
-9.77% |
| 2007-12-31 | €6.78 Billion ≈ $7.93 Billion |
-6.94% |
| 2006-12-31 | €7.29 Billion ≈ $8.52 Billion |
-1.01% |
| 2005-12-31 | €7.36 Billion ≈ $8.61 Billion |
-3.83% |
| 2004-12-31 | €7.66 Billion ≈ $8.95 Billion |
+11.14% |
| 2003-12-31 | €6.89 Billion ≈ $8.05 Billion |
-1.01% |
| 2002-12-31 | €6.96 Billion ≈ $8.14 Billion |
+1.60% |
| 2001-12-31 | €6.85 Billion ≈ $8.01 Billion |
+10.98% |
| 2000-12-31 | €6.17 Billion ≈ $7.22 Billion |
+16.72% |
| 1999-12-31 | €5.29 Billion ≈ $6.18 Billion |
-0.39% |
| 1998-12-31 | €5.31 Billion ≈ $6.21 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to UPM-Kymmene 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 215.4% over the analyzed period, indicating profitable operations and earnings retention.
UPM-Kymmene Oyj Net Assets Breakdown (December 2024)
UPM-Kymmene Oyj net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.64 Billion | 59.65% |
| Common Stock | €890.00 Million | 7.99% |
| Other Comprehensive Income | €3.61 Billion | 32.38% |
| Total Equity | €11.14 Billion | 100.00% |
UPM-Kymmene Oyj Competitors by Market Cap
The table below lists competitors of UPM-Kymmene Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SEI Investments Company
NASDAQ:SEIC
|
$12.35 Billion |
|
Julius Baer Gruppe AG
SW:BAER
|
$12.36 Billion |
|
Bureau Veritas SA
PA:BVI
|
$12.38 Billion |
|
WILMAR INTL ADR/10 SD-50
F:RTH
|
$12.42 Billion |
|
Hanmi Semicon
KO:042700
|
$12.30 Billion |
|
SECOM CO.LTD ADR 1/4/O.N.
F:XSC0
|
$12.30 Billion |
|
IONQ Inc
NYSE:IONQ
|
$12.30 Billion |
|
DocuSign Inc
NASDAQ:DOCU
|
$12.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UPM-Kymmene Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,161,000,000 to 11,139,000,000, a change of -22,000,000 (-0.2%).
- Net income of 436,000,000 contributed positively to equity growth.
- Dividend payments of 801,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 332,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €436.00 Million | +3.91% |
| Dividends Paid | €801.00 Million | -7.19% |
| Other Comprehensive Income | €332.00 Million | +2.98% |
| Other Changes | €11.00 Million | +0.1% |
| Total Change | €- | -0.20% |
Book Value vs Market Value Analysis
This analysis compares UPM-Kymmene 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: 1.17x
- 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 2.51x 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 |
|---|---|---|---|
| 1998-12-31 | €9.79 | €24.52 | x |
| 1999-12-31 | €9.78 | €24.52 | x |
| 2000-12-31 | €10.75 | €24.52 | x |
| 2001-12-31 | €13.60 | €24.52 | x |
| 2002-12-31 | €13.20 | €24.52 | x |
| 2003-12-31 | €11.21 | €24.52 | x |
| 2004-12-31 | €14.50 | €24.52 | x |
| 2005-12-31 | €14.02 | €24.52 | x |
| 2006-12-31 | €13.82 | €24.52 | x |
| 2007-12-31 | €12.88 | €24.52 | x |
| 2008-12-31 | €11.80 | €24.52 | x |
| 2009-12-31 | €12.67 | €24.52 | x |
| 2010-12-31 | €13.61 | €24.52 | x |
| 2011-12-31 | €14.24 | €24.52 | x |
| 2012-12-31 | €11.22 | €24.52 | x |
| 2013-12-31 | €14.11 | €24.52 | x |
| 2014-12-31 | €14.07 | €24.52 | x |
| 2015-12-31 | €14.89 | €24.52 | x |
| 2016-12-31 | €15.43 | €24.52 | x |
| 2017-12-31 | €16.24 | €24.52 | x |
| 2018-12-31 | €18.36 | €24.52 | x |
| 2019-12-31 | €18.87 | €24.52 | x |
| 2020-12-31 | €17.53 | €24.52 | x |
| 2021-12-31 | €20.34 | €24.52 | x |
| 2022-12-31 | €23.44 | €24.52 | x |
| 2023-12-31 | €20.93 | €24.52 | x |
| 2024-12-31 | €20.89 | €24.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UPM-Kymmene 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): 3.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.22%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.71x
- Recent ROE (3.91%) is below the historical average (7.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 19.38% | 12.31% | 0.73x | 2.16x | €495.89 Million |
| 1999 | 17.96% | 12.04% | 0.71x | 2.09x | €419.38 Million |
| 2000 | 22.18% | 14.25% | 0.73x | 2.13x | €749.68 Million |
| 2001 | 14.02% | 9.63% | 0.60x | 2.41x | €274.23 Million |
| 2002 | 7.95% | 5.25% | 0.68x | 2.22x | €-141.80 Million |
| 2003 | 5.36% | 3.70% | 0.69x | 2.11x | €-318.09 Million |
| 2004 | 13.20% | 10.26% | 0.62x | 2.08x | €243.88 Million |
| 2005 | 2.87% | 2.26% | 0.60x | 2.12x | €-523.13 Million |
| 2006 | 4.68% | 3.39% | 0.69x | 1.99x | €-386.88 Million |
| 2007 | 1.26% | 0.83% | 0.73x | 2.06x | €-592.00 Million |
| 2008 | -2.93% | -1.88% | 0.69x | 2.26x | €-789.60 Million |
| 2009 | 2.57% | 2.18% | 0.57x | 2.07x | €-489.60 Million |
| 2010 | 7.91% | 6.23% | 0.65x | 1.95x | €-148.30 Million |
| 2011 | 6.13% | 4.54% | 0.65x | 2.06x | €-289.10 Million |
| 2012 | -21.24% | -12.01% | 0.81x | 2.18x | €-1.84 Billion |
| 2013 | 4.50% | 3.33% | 0.69x | 1.96x | €-409.90 Million |
| 2014 | 6.85% | 5.19% | 0.70x | 1.90x | €-235.80 Million |
| 2015 | 11.53% | 9.04% | 0.71x | 1.79x | €121.80 Million |
| 2016 | 10.68% | 8.96% | 0.71x | 1.69x | €55.60 Million |
| 2017 | 11.24% | 9.72% | 0.77x | 1.51x | €107.00 Million |
| 2018 | 15.27% | 14.26% | 0.75x | 1.43x | €515.80 Million |
| 2019 | 10.54% | 10.36% | 0.70x | 1.46x | €54.80 Million |
| 2020 | 5.99% | 6.53% | 0.58x | 1.59x | €-375.10 Million |
| 2021 | 11.86% | 13.10% | 0.56x | 1.63x | €201.40 Million |
| 2022 | 12.21% | 13.02% | 0.53x | 1.78x | €275.80 Million |
| 2023 | 3.48% | 3.71% | 0.57x | 1.66x | €-728.10 Million |
| 2024 | 3.91% | 4.22% | 0.54x | 1.71x | €-677.90 Million |
Industry Comparison
This section compares UPM-Kymmene Oyj's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $5,959,800,000
- Average return on equity (ROE) among peers: 5.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UPM-Kymmene Oyj (UPM) | €10.33 Billion | 19.38% | 0.76x | $12.31 Billion |
| Stora Enso Oyj A (STEAV) | $5.96 Billion | 5.70% | 1.18x | $2.04 Billion |
About UPM-Kymmene Oyj
UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company offers softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packa… Read more