PNDRY
Pandora A/S engages in the design, crafting, and marketing of jewelry worldwide. The company operates in two segments, Core and Fuel With More. It offers charm and carrier products; and lab grown diamonds. The company sells its products through physical stores, online stores, and wholesale and third-party distribution. Pandora A/S was founded in 1982 and is based in Copenhagen, Denmark.
PNDRY (PNDRY) - Net Assets
Latest net assets as of December 2025: $5.28 Billion USD
Based on the latest financial reports, PNDRY (PNDRY) has net assets worth $5.28 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 ($29.60 Billion) and total liabilities ($24.32 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 | $5.28 Billion |
| % of Total Assets | 17.84% |
| Annual Growth Rate | -6.8% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.45 |
PNDRY - Net Assets Trend (2021–2025)
This chart illustrates how PNDRY's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PNDRY (2021–2025)
The table below shows the annual net assets of PNDRY from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.28 Billion | -4.10% |
| 2024-12-31 | $5.51 Billion | +2.86% |
| 2023-12-31 | $5.36 Billion | -25.29% |
| 2022-12-31 | $7.17 Billion | +2.39% |
| 2021-12-31 | $7.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PNDRY'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 decreased by 18.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.54 Billion | 123.72% |
| Total Equity | $5.28 Billion | 100.00% |
PNDRY Competitors by Market Cap
The table below lists competitors of PNDRY ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
McEwen Mining Inc.
NYSE:MUX
|
$1.03 Billion |
|
Proximus NV
BR:PROX
|
$1.03 Billion |
|
Jiangsu Lettall Electronic Co Ltd
SHG:603629
|
$1.03 Billion |
|
CVR Partners LP
NYSE:UAN
|
$1.03 Billion |
|
Cultural Investment Holdings Co Ltd
SHG:600715
|
$1.03 Billion |
|
Harmonic Inc
NASDAQ:HLIT
|
$1.03 Billion |
|
Sansera Engineering Limited
NSE:SANSERA
|
$1.03 Billion |
|
Aurora Optoelectronics Co Ltd
SHG:600666
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNDRY's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,508,000,000 to 5,282,000,000, a change of -226,000,000 (-4.1%).
- Net income of 5,241,000,000 contributed positively to equity growth.
- Dividend payments of 1,567,000,000 reduced retained earnings.
- Share repurchases of 4,384,000,000 reduced equity.
- Other factors increased equity by 484,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.24 Billion | +99.22% |
| Dividends Paid | $1.57 Billion | -29.67% |
| Share Repurchases | $4.38 Billion | -83.0% |
| Other Changes | $484.00 Million | +9.16% |
| Total Change | $- | -4.10% |
Book Value vs Market Value Analysis
This analysis compares PNDRY'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: 0.23x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $72.88 | $15.95 | x |
| 2022-12-31 | $80.63 | $15.95 | x |
| 2023-12-31 | $65.14 | $15.95 | x |
| 2024-12-31 | $69.88 | $15.95 | x |
| 2025-12-31 | $70.82 | $15.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNDRY 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): 99.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.10%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 5.60x
- Recent ROE (99.22%) is above the historical average (82.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 59.42% | 17.78% | 1.26x | 2.65x | $3.46 Billion |
| 2022 | 70.16% | 19.00% | 1.20x | 3.07x | $4.31 Billion |
| 2023 | 88.52% | 16.85% | 1.18x | 4.44x | $4.20 Billion |
| 2024 | 94.90% | 16.50% | 1.14x | 5.04x | $4.68 Billion |
| 2025 | 99.22% | 16.10% | 1.10x | 5.60x | $4.71 Billion |
Industry Comparison
This section compares PNDRY's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $6,179,489,313
- Average return on equity (ROE) among peers: 7.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNDRY (PNDRY) | $5.28 Billion | 59.42% | 4.60x | $1.03 Billion |
| Atlas Pearls Ltd (APCFF) | $55.52 Million | 56.69% | 0.26x | $15.35 Million |
| Burberry Group plc (BBRYF) | $472.30 Million | 23.69% | 0.45x | $3.26 Billion |
| Brunello Cucinelli S.p.A (BCUCF) | $261.10 Million | -12.72% | 3.14x | $4.04 Billion |
| Birks Group Inc (BGI) | $5.86 Million | -32.32% | 30.25x | $1.97 Million |
| Bergio Intl Inc (BRGO) | $-265.41K | 0.00% | 0.00x | $289.83K |
| Brilliant Earth Group Inc (BRLT) | $97.46 Million | 0.60% | 1.81x | $18.90 Million |
| Citychamp Watch & Jewellery Group Limited (CEBTF) | $3.96 Billion | 6.84% | 0.33x | $102.24 Million |
| Compagnie Financière Richemont SA (CFRHF) | $19.86 Billion | 10.44% | 1.01x | $86.13 Billion |
| Christian Dior SE (CHDRF) | $3.72 Billion | 1.26% | 4.75x | $1.89 Billion |
| Chow Tai Fook Jewellery Group (CJEWY) | $33.36 Billion | 16.14% | 1.62x | $18.30 Billion |