Smurfit WestRock plc (SW) - Net Assets
Based on the latest financial reports, Smurfit WestRock plc (SW) has net assets worth $18.46 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($45.57 Billion) and total liabilities ($27.11 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. Check SW asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.46 Billion |
| % of Total Assets | 40.51% |
| Annual Growth Rate | 18.38% |
| 5-Year Change | 359.61% |
| 10-Year Change | 583.13% |
| Growth Volatility | 74.53 |
Smurfit WestRock plc - Net Assets Trend (2006–2024)
This chart illustrates how Smurfit WestRock plc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Smurfit WestRock plc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Smurfit WestRock plc (2006–2024)
The table below shows the annual net assets of Smurfit WestRock plc from 2006 to 2024. For live valuation and market cap data, see SW stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $17.39 Billion | +181.62% |
| 2023-12-31 | $6.17 Billion | +23.73% |
| 2022-12-31 | $4.99 Billion | +13.70% |
| 2021-12-31 | $4.39 Billion | +16.01% |
| 2020-12-31 | $3.78 Billion | +26.39% |
| 2019-12-31 | $2.99 Billion | -9.46% |
| 2018-12-31 | $3.31 Billion | +3.63% |
| 2017-12-31 | $3.19 Billion | +21.18% |
| 2016-12-31 | $2.63 Billion | +3.43% |
| 2015-12-31 | $2.55 Billion | -13.47% |
| 2014-12-31 | $2.94 Billion | -15.03% |
| 2013-12-31 | $3.46 Billion | +6.02% |
| 2012-12-31 | $3.27 Billion | +15.25% |
| 2011-12-31 | $2.83 Billion | +10.04% |
| 2010-12-31 | $2.57 Billion | -3.12% |
| 2009-12-31 | $2.66 Billion | +6.30% |
| 2008-12-31 | $2.50 Billion | -21.68% |
| 2007-12-31 | $3.19 Billion | +283.02% |
| 2006-12-31 | $833.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smurfit WestRock plc'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 382595982500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.95 Billion | 16.99% |
| Common Stock | $1.00 Million | 0.01% |
| Other Comprehensive Income | $-1.45 Billion | -8.33% |
| Other Components | $15.86 Billion | 91.33% |
| Total Equity | $17.36 Billion | 100.00% |
Smurfit WestRock plc Competitors by Market Cap
The table below lists competitors of Smurfit WestRock plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Hengli Hydraulic Co Ltd
SHG:601100
|
$20.60 Billion |
|
CyberArk Software Ltd
NASDAQ:CYBR
|
$20.64 Billion |
|
China United Network Communications Ltd
SHG:600050
|
$20.68 Billion |
|
Yageo Corp
TW:2327
|
$20.70 Billion |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
$20.53 Billion |
|
Arca Continental S.A.B. de C.V
MX:AC
|
$20.52 Billion |
|
US Foods Holding Corp
NYSE:USFD
|
$20.52 Billion |
|
Zangge Holding Co Ltd
SHE:000408
|
$20.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smurfit WestRock plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,158,000,000 to 17,360,000,000, a change of 11,202,000,000 (181.9%).
- Net income of 307,930,700 contributed positively to equity growth.
- Dividend payments of 650,000,000 reduced retained earnings.
- Share repurchases of 27,000,000 reduced equity.
- Other comprehensive income decreased equity by 599,000,000.
- Other factors increased equity by 12,170,069,300.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $307.93 Million | +1.77% |
| Dividends Paid | $650.00 Million | -3.74% |
| Share Repurchases | $27.00 Million | -0.16% |
| Other Comprehensive Income | $-599.00 Million | -3.45% |
| Other Changes | $12.17 Billion | +70.1% |
| Total Change | $- | 181.91% |
Book Value vs Market Value Analysis
This analysis compares Smurfit WestRock plc'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: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.43x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $11.50 | $39.43 | x |
| 2015-12-31 | $10.09 | $39.43 | x |
| 2016-12-31 | $10.34 | $39.43 | x |
| 2017-12-31 | $12.70 | $39.43 | x |
| 2018-12-31 | $13.37 | $39.43 | x |
| 2019-12-31 | $12.40 | $39.43 | x |
| 2020-12-31 | $15.01 | $39.43 | x |
| 2021-12-31 | $16.83 | $39.43 | x |
| 2022-12-31 | $19.06 | $39.43 | x |
| 2023-12-31 | $23.68 | $39.43 | x |
| 2024-12-31 | $44.63 | $39.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smurfit WestRock plc 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): 1.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.51%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.52x
- Recent ROE (1.77%) is below the historical average (6.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -34.36% | -2.44% | 0.80x | 17.67x | $-289.90 Million |
| 2007 | 7.17% | 2.02% | 0.84x | 4.22x | $-84.63 Million |
| 2008 | -3.03% | -0.71% | 0.87x | 4.93x | $-299.44 Million |
| 2009 | -7.28% | -2.01% | 0.75x | 4.81x | $-414.92 Million |
| 2010 | 2.84% | 0.75% | 0.84x | 4.50x | $-167.97 Million |
| 2011 | 10.33% | 2.80% | 0.87x | 4.22x | $8.42 Million |
| 2012 | 10.63% | 3.27% | 0.87x | 3.75x | $18.91 Million |
| 2013 | 8.15% | 2.36% | 0.97x | 3.57x | $-59.10 Million |
| 2014 | 10.85% | 2.98% | 0.95x | 3.82x | $22.86 Million |
| 2015 | 18.37% | 4.93% | 0.95x | 3.91x | $199.31 Million |
| 2016 | 19.06% | 5.44% | 0.92x | 3.81x | $222.01 Million |
| 2017 | 16.63% | 4.87% | 0.95x | 3.59x | $199.39 Million |
| 2018 | -23.41% | -7.22% | 0.94x | 3.44x | $-1.05 Billion |
| 2019 | 16.12% | 5.26% | 0.91x | 3.36x | $180.80 Million |
| 2020 | 14.46% | 6.39% | 0.83x | 2.73x | $168.00 Million |
| 2021 | 16.10% | 6.72% | 0.90x | 2.67x | $267.09 Million |
| 2022 | 19.41% | 7.65% | 1.01x | 2.50x | $468.07 Million |
| 2023 | 12.14% | 6.82% | 0.78x | 2.28x | $131.49 Million |
| 2024 | 1.77% | 1.51% | 0.47x | 2.52x | $-1.43 Billion |
Industry Comparison
This section compares Smurfit WestRock plc's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,168,918,018
- Average return on equity (ROE) among peers: -21.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smurfit WestRock plc (SW) | $18.46 Billion | -34.36% | 1.47x | $20.59 Billion |
| Ardagh Metal Packaging SA (AMBP) | $12.00 Million | -333.33% | 337.83x | $2.35 Billion |
| Amcor PLC (AMCR) | $2.65 Billion | 9.82% | 1.73x | $17.44 Billion |
| Avery Dennison Corp (AVY) | $1.55 Billion | 18.06% | 1.84x | $12.60 Billion |
| Ball Corporation (BALL) | $1.09 Billion | 27.64% | 3.10x | $16.44 Billion |
| Berry Global Group Inc (BERY) | $1.01 Billion | 33.50% | 7.35x | $7.83 Billion |
| Crown Holdings Inc (CCK) | $3.48 Billion | 21.09% | 3.10x | $11.34 Billion |
| DSS Inc (DSS) | $5.19 Million | -27.95% | 0.14x | $5.21 Million |
| Greif Bros Corporation (GEF) | $732.58 Million | 14.29% | 1.57x | $1.65 Billion |
| Greif Inc (GEF-B) | $732.58 Million | 14.29% | 1.57x | $1.74 Billion |
| Graphic Packaging Holding Company (GPK) | $416.30 Million | 3.12% | 0.57x | $2.86 Billion |
About Smurfit WestRock plc
Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products. The company produces containerboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft paper, and graphic board, as well as other packaging products, such as solidboard packaging, paper sacks… Read more