Kerry Group (KRZ) - Net Assets

Latest as of December 2025: €5.95 Billion EUR ≈ $6.96 Billion USD

Based on the latest financial reports, Kerry Group (KRZ) has net assets worth €5.95 Billion EUR (≈ $6.96 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 (€10.67 Billion ≈ $12.47 Billion USD) and total liabilities (€4.72 Billion ≈ $5.51 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. Also explore balance sheet size of Kerry Group for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€5.95 Billion
% of Total Assets	55.8%
Annual Growth Rate	13.8%
5-Year Change	6.29%
10-Year Change	92.42%
Growth Volatility	31.53

Kerry Group - Net Assets Trend (1985–2025)

This chart illustrates how Kerry Group's net assets have evolved over time, based on quarterly financial data. Check Kerry Group (KRZ) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Kerry Group (1985–2025)

The table below shows the annual net assets of Kerry Group from 1985 to 2025. For live valuation and market cap data, see KRZ stock market capitalisation.

Year	Net Assets	Change
2025-12-31	€5.95 Billion ≈ $6.96 Billion	-8.23%
2024-12-31	€6.49 Billion ≈ $7.58 Billion	-0.54%
2023-12-31	€6.52 Billion ≈ $7.63 Billion	+4.81%
2022-12-31	€6.22 Billion ≈ $7.28 Billion	+11.11%
2021-12-31	€5.60 Billion ≈ $6.55 Billion	+20.31%
2020-12-31	€4.66 Billion ≈ $5.44 Billion	+2.05%
2019-12-31	€4.56 Billion ≈ $5.33 Billion	+13.08%
2018-12-31	€4.03 Billion ≈ $4.72 Billion	+12.91%
2017-12-31	€3.57 Billion ≈ $4.18 Billion	+15.49%
2016-12-31	€3.09 Billion ≈ $3.62 Billion	+10.89%
2015-12-31	€2.79 Billion ≈ $3.26 Billion	+24.80%
2014-12-31	€2.24 Billion ≈ $2.61 Billion	+13.63%
2013-12-31	€1.97 Billion ≈ $2.30 Billion	-2.46%
2012-12-31	€2.02 Billion ≈ $2.36 Billion	+9.32%
2011-12-31	€1.85 Billion ≈ $2.16 Billion	+13.42%
2010-12-31	€1.63 Billion ≈ $1.90 Billion	+26.71%
2009-12-31	€1.28 Billion ≈ $1.50 Billion	+12.27%
2008-12-31	€1.14 Billion ≈ $1.34 Billion	-6.96%
2007-12-31	€1.23 Billion ≈ $1.44 Billion	-7.10%
2006-12-31	€1.32 Billion ≈ $1.55 Billion	+12.35%
2005-12-31	€1.18 Billion ≈ $1.38 Billion	+21.64%
2004-12-31	€968.16 Million ≈ $1.13 Billion	+5.24%
2003-12-31	€919.95 Million ≈ $1.08 Billion	+14.35%
2002-12-31	€804.53 Million ≈ $940.58 Million	+6.20%
2001-12-31	€757.55 Million ≈ $885.65 Million	+43.18%
2000-12-31	€529.09 Million ≈ $618.56 Million	+50.25%
1999-12-31	€352.12 Million ≈ $411.67 Million	+29.93%
1998-12-31	€271.01 Million ≈ $316.84 Million	+142.36%
1997-12-31	€111.82 Million ≈ $130.73 Million	+73.60%
1996-12-31	€64.41 Million ≈ $75.30 Million	-83.78%
1995-12-31	€397.13 Million ≈ $464.29 Million	+37.72%
1994-12-31	€288.36 Million ≈ $337.12 Million	+19.71%
1993-12-31	€240.88 Million ≈ $281.61 Million	+12.65%
1992-12-31	€213.83 Million ≈ $249.99 Million	+10.57%
1991-12-31	€193.40 Million ≈ $226.10 Million	+17.01%
1990-12-31	€165.28 Million ≈ $193.23 Million	+8.47%
1989-12-31	€152.38 Million ≈ $178.15 Million	+65.07%
1988-12-31	€92.31 Million ≈ $107.92 Million	+63.30%
1987-12-31	€56.53 Million ≈ $66.09 Million	+23.30%
1986-12-31	€45.85 Million ≈ $53.60 Million	+35.68%
1985-12-31	€33.79 Million ≈ $39.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Kerry Group'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 38473.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€5.78 Billion	97.20%
Other Components	€166.90 Million	2.80%
Total Equity	€5.95 Billion	100.00%

Kerry Group Competitors by Market Cap

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

Company	Market Cap
Bureau Veritas SA PA:BVI	$11.54 Billion
Dosilicon Co Ltd SHG:688110	$11.57 Billion
Jindal Steel & Power Limited NSE:JINDALSTEL	$11.60 Billion
CENTRICA ADR NEW 2004/4 F:CENN	$11.61 Billion
Shenzhen Fastprint Circuit Tech Co Ltd SHE:002436	$11.53 Billion
First Horizon Corporation NYSE:FHN	$11.52 Billion
Industrial Bank Of Korea KO:024110	$11.51 Billion
Hangzhou Silan Microelectronics Co Ltd SHG:600460	$11.51 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 6,485,800,000 to 5,951,800,000, a change of -534,000,000 (-8.2%).
Net income of 658,500,000 contributed positively to equity growth.
Dividend payments of 215,200,000 reduced retained earnings.
Share repurchases of 500,300,000 reduced equity.
Other factors decreased equity by 477,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€658.50 Million	+11.06%
Dividends Paid	€215.20 Million	-3.62%
Share Repurchases	€500.30 Million	-8.41%
Other Changes	€-477.00 Million	-8.01%
Total Change	€-	-8.23%

Book Value vs Market Value Analysis

This analysis compares Kerry Group'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: 2.27x
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 440.28x to 2.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1985-12-31	€0.19	€83.90	x
1986-12-31	€0.26	€83.90	x
1987-12-31	€0.33	€83.90	x
1988-12-31	€0.56	€83.90	x
1989-12-31	€0.94	€83.90	x
1990-12-31	€1.02	€83.90	x
1991-12-31	€1.20	€83.90	x
1992-12-31	€1.33	€83.90	x
1993-12-31	€1.54	€83.90	x
1994-12-31	€1.84	€83.90	x
1995-12-31	€2.42	€83.90	x
1996-12-31	€0.39	€83.90	x
1997-12-31	€0.68	€83.90	x
1998-12-31	€1.58	€83.90	x
1999-12-31	€2.03	€83.90	x
2000-12-31	€3.05	€83.90	x
2001-12-31	€4.28	€83.90	x
2002-12-31	€4.32	€83.90	x
2003-12-31	€4.93	€83.90	x
2004-12-31	€5.17	€83.90	x
2005-12-31	€6.27	€83.90	x
2006-12-31	€7.09	€83.90	x
2007-12-31	€6.84	€83.90	x
2008-12-31	€6.53	€83.90	x
2009-12-31	€7.33	€83.90	x
2010-12-31	€9.27	€83.90	x
2011-12-31	€10.51	€83.90	x
2012-12-31	€11.47	€83.90	x
2013-12-31	€11.19	€83.90	x
2014-12-31	€12.70	€83.90	x
2015-12-31	€15.84	€83.90	x
2016-12-31	€17.53	€83.90	x
2017-12-31	€20.23	€83.90	x
2018-12-31	€22.82	€83.90	x
2019-12-31	€25.76	€83.90	x
2020-12-31	€26.26	€83.90	x
2021-12-31	€31.56	€83.90	x
2022-12-31	€35.05	€83.90	x
2023-12-31	€37.10	€83.90	x
2024-12-31	€38.97	€83.90	x
2025-12-31	€36.94	€83.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kerry Group 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): 11.06%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.74%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.79x
Recent ROE (11.06%) is below the historical average (19.09%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1985	15.22%	2.14%	2.63x	2.70x	€1.55 Million
1986	14.42%	2.20%	2.55x	2.57x	€1.79 Million
1987	14.51%	2.54%	2.51x	2.27x	€2.31 Million
1988	13.08%	2.88%	1.44x	3.16x	€2.69 Million
1989	11.08%	2.90%	1.75x	2.19x	€1.58 Million
1990	11.47%	3.13%	1.53x	2.39x	€2.34 Million
1991	11.89%	2.95%	1.72x	2.34x	€3.55 Million
1992	11.87%	2.98%	1.88x	2.12x	€3.88 Million
1993	11.99%	3.28%	1.55x	2.35x	€4.78 Million
1994	11.18%	3.65%	1.00x	3.06x	€3.41 Million
1995	12.19%	3.18%	1.43x	2.68x	€8.70 Million
1996	109.63%	4.51%	2.11x	11.52x	€64.17 Million
1997	73.39%	4.81%	2.11x	7.22x	€70.88 Million
1998	34.98%	4.31%	1.65x	4.92x	€67.69 Million
1999	21.44%	3.07%	1.68x	4.15x	€40.27 Million
2000	25.04%	5.05%	1.63x	3.04x	€79.60 Million
2001	17.57%	4.43%	1.22x	3.26x	€57.38 Million
2002	12.91%	2.77%	1.47x	3.17x	€23.45 Million
2003	17.50%	4.36%	1.42x	2.83x	€68.98 Million
2004	21.08%	4.94%	1.21x	3.54x	€107.23 Million
2005	20.03%	5.32%	1.11x	3.40x	€118.11 Million
2006	13.43%	3.83%	1.16x	3.03x	€45.43 Million
2007	20.02%	5.14%	1.21x	3.23x	€123.19 Million
2008	15.47%	3.69%	1.24x	3.39x	€62.61 Million
2009	15.67%	4.45%	1.09x	3.23x	€72.82 Million
2010	19.93%	6.54%	1.11x	2.76x	€161.50 Million
2011	19.55%	6.80%	1.01x	2.83x	€176.17 Million
2012	13.24%	4.57%	1.09x	2.65x	€65.28 Million
2013	4.29%	1.45%	1.12x	2.65x	€-112.35 Million
2014	21.47%	8.34%	0.96x	2.67x	€256.34 Million
2015	18.83%	8.61%	0.87x	2.51x	€246.39 Million
2016	17.23%	8.70%	0.83x	2.40x	€223.70 Million
2017	16.47%	9.18%	0.87x	2.07x	€231.18 Million
2018	13.40%	8.18%	0.79x	2.06x	€137.06 Million
2019	12.42%	7.82%	0.76x	2.08x	€110.28 Million
2020	11.90%	7.97%	0.74x	2.03x	€88.55 Million
2021	13.62%	10.38%	0.65x	2.03x	€202.88 Million
2022	9.75%	6.91%	0.71x	1.97x	€-15.79 Million
2023	11.16%	10.44%	0.60x	1.79x	€75.97 Million
2024	11.32%	10.60%	0.55x	1.93x	€85.82 Million
2025	11.06%	9.74%	0.63x	1.79x	€63.32 Million

Industry Comparison

This section compares Kerry Group's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $1,063,073,000
Average return on equity (ROE) among peers: 17.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kerry Group (KRZ)	€5.95 Billion	15.22%	0.79x	$11.54 Billion
Glanbia PLC (GL9)	$1.06 Billion	17.24%	1.49x	$5.13 Billion

About Kerry Group

IR:KRZ Ireland Packaged Foods

Market Cap

$15.68 Billion

€13.41 Billion EUR

Market Cap Rank

#2030 Global

#5 in Ireland

Share Price

€83.90

Change (1 day)

+0.54%

52-Week Range

€64.40 - €91.90

All Time High

€127.42