BillerudKorsnäs AB (publ)
Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Other segments. The company offers liquid packaging board, containerboard, cartonboard, and sack paper; kraft paper bags; specialty and formable paper; graphic and label papers comprising coated sheets, web papers, WC Caliper web, coated digital, and inkjet papers; and… Read more
BillerudKorsnäs AB (publ) (BLRDF) - Net Assets
Latest net assets as of December 2025: $27.74 Billion USD
Based on the latest financial reports, BillerudKorsnäs AB (publ) (BLRDF) has net assets worth $27.74 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 ($47.39 Billion) and total liabilities ($19.65 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 | $27.74 Billion |
| % of Total Assets | 58.54% |
| Annual Growth Rate | 10.62% |
| 5-Year Change | 38.43% |
| 10-Year Change | 113.05% |
| Growth Volatility | 23.58 |
BillerudKorsnäs AB (publ) - Net Assets Trend (2000–2025)
This chart illustrates how BillerudKorsnäs AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BillerudKorsnäs AB (publ) (2000–2025)
The table below shows the annual net assets of BillerudKorsnäs AB (publ) from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $27.74 Billion | -4.27% |
| 2024-12-31 | $28.98 Billion | +7.55% |
| 2023-12-31 | $26.95 Billion | -7.89% |
| 2022-12-31 | $29.25 Billion | +45.97% |
| 2021-12-31 | $20.04 Billion | +3.87% |
| 2020-12-31 | $19.29 Billion | -0.86% |
| 2019-12-31 | $19.46 Billion | +35.58% |
| 2018-12-31 | $14.36 Billion | +3.94% |
| 2017-12-31 | $13.81 Billion | +6.06% |
| 2016-12-31 | $13.02 Billion | +4.86% |
| 2015-12-31 | $12.42 Billion | +16.01% |
| 2014-12-31 | $10.70 Billion | +7.94% |
| 2013-12-31 | $9.92 Billion | +4.48% |
| 2012-12-31 | $9.49 Billion | +94.83% |
| 2011-12-31 | $4.87 Billion | +5.07% |
| 2010-12-31 | $4.64 Billion | +16.07% |
| 2009-12-31 | $4.00 Billion | +51.44% |
| 2008-12-31 | $2.64 Billion | -8.97% |
| 2007-12-31 | $2.90 Billion | +8.22% |
| 2006-12-31 | $2.68 Billion | +6.02% |
| 2005-12-31 | $2.53 Billion | -16.96% |
| 2004-12-31 | $3.04 Billion | -5.06% |
| 2003-12-31 | $3.20 Billion | -0.90% |
| 2002-12-31 | $3.23 Billion | +4.59% |
| 2001-12-31 | $3.09 Billion | +38.98% |
| 2000-12-31 | $2.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BillerudKorsnäs AB (publ)'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $27.74 Billion | 100.00% |
| Total Equity | $27.74 Billion | 100.00% |
BillerudKorsnäs AB (publ) Competitors by Market Cap
The table below lists competitors of BillerudKorsnäs AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shengda Mining Co Ltd
SHE:000603
|
$2.08 Billion |
|
Stelco Holdings Inc
PINK:STZHF
|
$2.08 Billion |
|
Interroll Holding AG
OTCGREY:IRRHF
|
$2.08 Billion |
|
Konica Minolta Inc
PINK:KNCAY
|
$2.08 Billion |
|
Mapletree Commercial Trust
PINK:MPCMF
|
$2.08 Billion |
|
Xiamen Faratronic Co Ltd
SHG:600563
|
$2.07 Billion |
|
BOK FINL CORP. DL-00006
F:BJR
|
$2.07 Billion |
|
Knowles Cor
NYSE:KN
|
$2.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BillerudKorsnäs AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,979,000,000 to 27,743,000,000, a change of -1,236,000,000 (-4.3%).
- Net income of 711,000,000 contributed positively to equity growth.
- Dividend payments of 870,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,640,000,000.
- Other factors increased equity by 563,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $711.00 Million | +2.56% |
| Dividends Paid | $870.00 Million | -3.14% |
| Other Comprehensive Income | $-1.64 Billion | -5.91% |
| Other Changes | $563.00 Million | +2.03% |
| Total Change | $- | -4.27% |
Book Value vs Market Value Analysis
This analysis compares BillerudKorsnäs AB (publ)'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: 0.09x
- 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 0.51x to 0.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $18.81 | $9.50 | x |
| 2001-12-31 | $26.11 | $9.50 | x |
| 2002-12-31 | $28.32 | $9.50 | x |
| 2003-12-31 | $29.68 | $9.50 | x |
| 2004-12-31 | $31.26 | $9.50 | x |
| 2005-12-31 | $25.96 | $9.50 | x |
| 2006-12-31 | $27.52 | $9.50 | x |
| 2007-12-31 | $29.85 | $9.50 | x |
| 2008-12-31 | $26.83 | $9.50 | x |
| 2009-12-31 | $36.90 | $9.50 | x |
| 2010-12-31 | $33.68 | $9.50 | x |
| 2011-12-31 | $35.49 | $9.50 | x |
| 2012-12-31 | $66.60 | $9.50 | x |
| 2013-12-31 | $44.43 | $9.50 | x |
| 2014-12-31 | $47.70 | $9.50 | x |
| 2015-12-31 | $55.03 | $9.50 | x |
| 2016-12-31 | $58.59 | $9.50 | x |
| 2017-12-31 | $62.02 | $9.50 | x |
| 2018-12-31 | $64.51 | $9.50 | x |
| 2019-12-31 | $87.59 | $9.50 | x |
| 2020-12-31 | $86.78 | $9.50 | x |
| 2021-12-31 | $90.13 | $9.50 | x |
| 2022-12-31 | $128.07 | $9.50 | x |
| 2023-12-31 | $108.38 | $9.50 | x |
| 2024-12-31 | $116.52 | $9.50 | x |
| 2025-12-31 | $111.55 | $9.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BillerudKorsnäs AB (publ) 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): 2.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.76%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.71x
- Recent ROE (2.56%) is below the historical average (12.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 40.60% | 13.55% | 0.97x | 3.08x | $680.60 Million |
| 2001 | 28.05% | 12.55% | 1.04x | 2.15x | $557.90 Million |
| 2002 | 24.74% | 11.38% | 1.02x | 2.13x | $476.70 Million |
| 2003 | 23.35% | 10.70% | 1.05x | 2.07x | $427.60 Million |
| 2004 | 16.73% | 7.11% | 1.00x | 2.35x | $204.80 Million |
| 2005 | -7.24% | -2.68% | 0.88x | 3.07x | $-435.60 Million |
| 2006 | 11.65% | 4.23% | 0.90x | 3.06x | $44.20 Million |
| 2007 | 11.59% | 4.32% | 0.84x | 3.18x | $46.20 Million |
| 2008 | 5.76% | 1.95% | 0.87x | 3.42x | $-111.80 Million |
| 2009 | 4.13% | 2.13% | 0.85x | 2.27x | $-234.50 Million |
| 2010 | 15.20% | 7.99% | 0.96x | 1.98x | $241.30 Million |
| 2011 | 14.02% | 7.31% | 1.00x | 1.92x | $195.90 Million |
| 2012 | 7.17% | 6.49% | 0.42x | 2.62x | $-267.80 Million |
| 2013 | 6.81% | 3.44% | 0.80x | 2.46x | $-314.60 Million |
| 2014 | 12.03% | 6.12% | 0.81x | 2.42x | $215.50 Million |
| 2015 | 14.78% | 8.30% | 0.87x | 2.05x | $585.70 Million |
| 2016 | 11.66% | 7.01% | 0.84x | 1.99x | $215.90 Million |
| 2017 | 11.86% | 7.33% | 0.79x | 2.04x | $256.90 Million |
| 2018 | 7.22% | 4.38% | 0.70x | 2.35x | $-398.50 Million |
| 2019 | 34.53% | 27.49% | 0.66x | 1.90x | $4.77 Billion |
| 2020 | 3.42% | 2.76% | 0.66x | 1.88x | $-1.27 Billion |
| 2021 | 7.41% | 5.67% | 0.69x | 1.90x | $-519.10 Million |
| 2022 | 15.69% | 10.78% | 0.83x | 1.76x | $1.66 Billion |
| 2023 | 1.80% | 1.17% | 0.86x | 1.78x | $-2.21 Billion |
| 2024 | 6.03% | 4.02% | 0.87x | 1.73x | $-1.15 Billion |
| 2025 | 2.56% | 1.76% | 0.85x | 1.71x | $-2.06 Billion |
Industry Comparison
This section compares BillerudKorsnäs AB (publ)'s net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $17,155,214,480
- Average return on equity (ROE) among peers: 3.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BillerudKorsnäs AB (publ) (BLRDF) | $27.74 Billion | 40.60% | 0.71x | $2.08 Billion |
| Canfor Pulp Products Inc (CFPUF) | $427.40 Million | -18.51% | 0.77x | $14.25 Million |
| Clearwater Paper Corporation (CLW) | $854.40 Million | -12.98% | 0.97x | $207.12 Million |
| Glatfelter (GLT) | $371.43 Million | 3.41% | 1.77x | $59.22 Million |
| Holmen AB (publ) (HLMMF) | $56.92 Billion | 6.49% | 0.40x | $3.34 Billion |
| IT Tech Packaging Inc (ITP) | $156.05 Million | -6.31% | 0.14x | $3.10 Million |
| JPPPF (JPPPF) | $89.87 Billion | 4.06% | 2.58x | $339.45 Million |
| Klabin Sa A (KLBAY) | $2.17 Billion | 21.02% | 1.02x | $7.37 Billion |
| Mercer International Inc (MERC) | $288.77 Million | 28.89% | 4.95x | $79.08 Million |
| Mondi plc (MNODF) | $3.34 Billion | 6.98% | 1.06x | $5.78 Billion |