UPM-Kymmene Oyj (UPM) - Net Assets
Based on the latest financial reports, UPM-Kymmene Oyj (UPM) has net assets worth €10.33 Billion EUR 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) and total liabilities (€7.86 Billion). 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.
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 |
UPM-Kymmene Oyj - Net Assets Trend (1998–2024)
This chart illustrates how UPM-Kymmene Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €11.54 Billion | +0.08% |
| 2023-12-31 | €11.53 Billion | -10.46% |
| 2022-12-31 | €12.88 Billion | +15.94% |
| 2021-12-31 | €11.11 Billion | +16.76% |
| 2020-12-31 | €9.51 Billion | -6.51% |
| 2019-12-31 | €10.18 Billion | +3.86% |
| 2018-12-31 | €9.80 Billion | +13.08% |
| 2017-12-31 | €8.66 Billion | +5.18% |
| 2016-12-31 | €8.24 Billion | +3.69% |
| 2015-12-31 | €7.94 Billion | +6.20% |
| 2014-12-31 | €7.48 Billion | +0.34% |
| 2013-12-31 | €7.46 Billion | +25.91% |
| 2012-12-31 | €5.92 Billion | -20.81% |
| 2011-12-31 | €7.48 Billion | +5.18% |
| 2010-12-31 | €7.11 Billion | +7.68% |
| 2009-12-31 | €6.60 Billion | +7.88% |
| 2008-12-31 | €6.12 Billion | -9.77% |
| 2007-12-31 | €6.78 Billion | -6.94% |
| 2006-12-31 | €7.29 Billion | -1.01% |
| 2005-12-31 | €7.36 Billion | -3.83% |
| 2004-12-31 | €7.66 Billion | +11.14% |
| 2003-12-31 | €6.89 Billion | -1.01% |
| 2002-12-31 | €6.96 Billion | +1.60% |
| 2001-12-31 | €6.85 Billion | +10.98% |
| 2000-12-31 | €6.17 Billion | +16.72% |
| 1999-12-31 | €5.29 Billion | -0.39% |
| 1998-12-31 | €5.31 Billion | -- |
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.
Current Equity Component Breakdown (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 |
|---|---|
|
WH Group Ltd
F:0WH
|
$12.32 Billion |
|
Korea Zinc Inc
KO:010130
|
$12.32 Billion |
|
Bollore SA
PA:BOL
|
$12.34 Billion |
|
China Mobile Limited
SHG:600941
|
$12.35 Billion |
|
Sichuan Road & Bridge Group Co Ltd
SHG:600039
|
$12.30 Billion |
|
Onto Innovation Inc
NYSE:ONTO
|
$12.28 Billion |
|
Embraer S.A.
NYSE:EMBJ
|
$12.28 Billion |
|
Godrej Consumer Products Limited
NSE:GODREJCP
|
$12.28 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: 1.27x
- 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 2.71x to 1.27x 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 | €26.48 | x |
| 1999-12-31 | €9.78 | €26.48 | x |
| 2000-12-31 | €10.75 | €26.48 | x |
| 2001-12-31 | €13.60 | €26.48 | x |
| 2002-12-31 | €13.20 | €26.48 | x |
| 2003-12-31 | €11.21 | €26.48 | x |
| 2004-12-31 | €14.50 | €26.48 | x |
| 2005-12-31 | €14.02 | €26.48 | x |
| 2006-12-31 | €13.82 | €26.48 | x |
| 2007-12-31 | €12.88 | €26.48 | x |
| 2008-12-31 | €11.80 | €26.48 | x |
| 2009-12-31 | €12.67 | €26.48 | x |
| 2010-12-31 | €13.61 | €26.48 | x |
| 2011-12-31 | €14.24 | €26.48 | x |
| 2012-12-31 | €11.22 | €26.48 | x |
| 2013-12-31 | €14.11 | €26.48 | x |
| 2014-12-31 | €14.07 | €26.48 | x |
| 2015-12-31 | €14.89 | €26.48 | x |
| 2016-12-31 | €15.43 | €26.48 | x |
| 2017-12-31 | €16.24 | €26.48 | x |
| 2018-12-31 | €18.36 | €26.48 | x |
| 2019-12-31 | €18.87 | €26.48 | x |
| 2020-12-31 | €17.53 | €26.48 | x |
| 2021-12-31 | €20.34 | €26.48 | x |
| 2022-12-31 | €23.44 | €26.48 | x |
| 2023-12-31 | €20.93 | €26.48 | x |
| 2024-12-31 | €20.89 | €26.48 | 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.
No peer company data available for comparison.
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