Harvia Oyj
Harvia Oyj operates in the sauna industry. It provides electric and wood burning heaters, as well as combi heaters with heat and steam; bathroom and indoor saunas; doors and glass products; hot tubs; control units; infrared cabins, controls, and heating devices; and steam showers, spa components, heater stones, and sauna accessories. The company also offers sauna interior solutions, such as sauna… Read more
Harvia Oyj (HRVFF) - Net Assets
Latest net assets as of December 2025: $130.54 Million USD
Based on the latest financial reports, Harvia Oyj (HRVFF) has net assets worth $130.54 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($271.28 Million) and total liabilities ($140.74 Million). 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 | $130.54 Million |
| % of Total Assets | 48.12% |
| Annual Growth Rate | 27.52% |
| 5-Year Change | 55.13% |
| 10-Year Change | 673.91% |
| Growth Volatility | 65.9 |
Harvia Oyj - Net Assets Trend (2014–2025)
This chart illustrates how Harvia 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 Harvia Oyj (2014–2025)
The table below shows the annual net assets of Harvia Oyj from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $130.54 Million | +5.21% |
| 2024-12-31 | $124.08 Million | +14.20% |
| 2023-12-31 | $108.66 Million | +10.49% |
| 2022-12-31 | $98.34 Million | +16.87% |
| 2021-12-31 | $84.15 Million | +22.20% |
| 2020-12-31 | $68.86 Million | +0.03% |
| 2019-12-31 | $68.84 Million | +4.58% |
| 2018-12-31 | $65.82 Million | +241.47% |
| 2017-12-31 | $19.28 Million | +14.28% |
| 2016-12-31 | $16.87 Million | +28.04% |
| 2015-12-31 | $13.17 Million | +46.36% |
| 2014-12-31 | $9.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harvia 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 9959200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $99.13 Million | 76.61% |
| Common Stock | $80.00K | 0.06% |
| Other Components | $30.19 Million | 23.33% |
| Total Equity | $129.40 Million | 100.00% |
Harvia Oyj Competitors by Market Cap
The table below lists competitors of Harvia Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BKI Investment Company Ltd
AU:BKI
|
$744.43 Million |
|
Jiangsu Chengxing Phosph-Chemical Co Ltd
SHG:600078
|
$744.47 Million |
|
Addnode Group AB (publ)
ST:ANOD-B
|
$744.57 Million |
|
Mullen Group Ltd
PINK:MLLGF
|
$744.68 Million |
|
H2O Retailing Corporation
PINK:HTOCF
|
$744.33 Million |
|
Shenzhen Jove Enterprise Co. Ltd.
SHE:300814
|
$743.79 Million |
|
Turkiye Sigorta AS
IS:TURSG
|
$743.40 Million |
|
Monte Rosa Therapeutics Inc
NASDAQ:GLUE
|
$743.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harvia Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 122,840,000 to 129,404,000, a change of 6,564,000 (5.3%).
- Net income of 26,437,000 contributed positively to equity growth.
- Dividend payments of 14,017,000 reduced retained earnings.
- Other comprehensive income decreased equity by 35,935,000.
- Other factors increased equity by 30,079,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $26.44 Million | +20.43% |
| Dividends Paid | $14.02 Million | -10.83% |
| Other Comprehensive Income | $-35.94 Million | -27.77% |
| Other Changes | $30.08 Million | +23.24% |
| Total Change | $- | 5.34% |
Book Value vs Market Value Analysis
This analysis compares Harvia 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: 7.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 35.40x to 7.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $1.37 | $48.50 | x |
| 2016-12-31 | $1.75 | $48.50 | x |
| 2017-12-31 | $2.00 | $48.50 | x |
| 2018-12-31 | $3.94 | $48.50 | x |
| 2019-12-31 | $3.67 | $48.50 | x |
| 2020-12-31 | $3.52 | $48.50 | x |
| 2021-12-31 | $4.28 | $48.50 | x |
| 2022-12-31 | $5.16 | $48.50 | x |
| 2023-12-31 | $5.73 | $48.50 | x |
| 2024-12-31 | $6.52 | $48.50 | x |
| 2025-12-31 | $6.88 | $48.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harvia 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): 20.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.29%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.10x
- Recent ROE (20.43%) is below the historical average (22.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 28.85% | 8.19% | 0.46x | 7.61x | $2.48 Million |
| 2016 | 19.65% | 6.62% | 0.46x | 6.46x | $1.63 Million |
| 2017 | 15.12% | 4.85% | 0.53x | 5.91x | $986.40K |
| 2018 | 10.30% | 10.95% | 0.53x | 1.78x | $197.80K |
| 2019 | 13.94% | 12.95% | 0.61x | 1.77x | $2.71 Million |
| 2020 | 23.29% | 14.18% | 0.66x | 2.49x | $8.83 Million |
| 2021 | 41.80% | 18.80% | 0.89x | 2.50x | $25.62 Million |
| 2022 | 27.84% | 15.71% | 0.83x | 2.15x | $17.35 Million |
| 2023 | 21.63% | 15.46% | 0.70x | 1.99x | $12.51 Million |
| 2024 | 19.73% | 13.84% | 0.66x | 2.15x | $11.96 Million |
| 2025 | 20.43% | 13.29% | 0.73x | 2.10x | $13.50 Million |
Industry Comparison
This section compares Harvia Oyj's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,667,465,281
- Average return on equity (ROE) among peers: -62.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harvia Oyj (HRVFF) | $130.54 Million | 28.85% | 1.08x | $744.34 Million |
| All American Gld Crp (AAGC) | $-82.46K | 0.00% | 0.00x | $8.97 |
| Aureus Greenway Holdings Inc. Common Stock (AGH) | $1.07 Million | -17.18% | 3.87x | $36.62 Million |
| Altitude International Holdings Inc (ALTD) | $-2.35 Million | 0.00% | 0.00x | $24.11K |
| ANTA Sports Products Ltd (ANPDF) | $25.82 Billion | 19.99% | 1.01x | $13.79 Billion |
| American Outdoor Brands Inc (AOUT) | $177.93 Million | -6.88% | 0.35x | $91.40 Million |
| Amer Sports, Inc. (AS) | $33.42 Million | -377.97% | 208.21x | $5.64 Billion |
| Arvana Inc (AVNI) | $-1.98 Million | 0.00% | 0.00x | $21.93 Million |
| Vinco Ventures Inc (BBIG) | $7.45 Million | -190.48% | 2.17x | $7.00K |
| Bowlero Corp (BOWL) | $330.12 Million | -38.31% | 4.40x | $216.09 Million |
| Basic-Fit N.V (BSFFF) | $305.08 Million | -10.61% | 1.14x | $829.31 Million |