Nokian Renkaat Oyj
Nokian Renkaat Oyj develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, the rest of Europe, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor Tire Chain segments. The company develops and produces winter, summer, and all-season tires for passenger cars, SUVs, and vans; tires for forestry machinery; special … Read more
Nokian Renkaat Oyj (NKRKF) - Net Assets
Latest net assets as of June 2025: $1.14 Billion USD
Based on the latest financial reports, Nokian Renkaat Oyj (NKRKF) has net assets worth $1.14 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.44 Billion) and total liabilities ($1.30 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 | $1.14 Billion |
| % of Total Assets | 46.6% |
| Annual Growth Rate | 8.82% |
| 5-Year Change | -16.36% |
| 10-Year Change | 2.48% |
| Growth Volatility | 28.84 |
Nokian Renkaat Oyj - Net Assets Trend (2000–2024)
This chart illustrates how Nokian Renkaat 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 Nokian Renkaat Oyj (2000–2024)
The table below shows the annual net assets of Nokian Renkaat Oyj from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.27 Billion | -5.58% |
| 2023-12-31 | $1.35 Billion | -5.97% |
| 2022-12-31 | $1.43 Billion | -11.95% |
| 2021-12-31 | $1.63 Billion | +6.99% |
| 2020-12-31 | $1.52 Billion | -14.04% |
| 2019-12-31 | $1.77 Billion | +19.08% |
| 2018-12-31 | $1.49 Billion | +1.21% |
| 2017-12-31 | $1.47 Billion | +0.69% |
| 2016-12-31 | $1.46 Billion | +17.46% |
| 2015-12-31 | $1.24 Billion | +2.74% |
| 2014-12-31 | $1.21 Billion | -13.23% |
| 2013-12-31 | $1.39 Billion | -3.09% |
| 2012-12-31 | $1.44 Billion | +21.16% |
| 2011-12-31 | $1.19 Billion | +26.56% |
| 2010-12-31 | $937.20 Million | +23.71% |
| 2009-12-31 | $757.60 Million | -2.53% |
| 2008-12-31 | $777.30 Million | +9.05% |
| 2007-12-31 | $712.80 Million | +28.06% |
| 2006-12-31 | $556.60 Million | +18.07% |
| 2005-12-31 | $471.40 Million | +75.70% |
| 2004-12-31 | $268.30 Million | -38.92% |
| 2003-12-31 | $439.25 Million | +107.81% |
| 2002-12-31 | $211.38 Million | +14.24% |
| 2001-12-31 | $185.03 Million | +10.60% |
| 2000-12-31 | $167.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nokian Renkaat 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 670.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $832.90 Million | 65.46% |
| Common Stock | $25.40 Million | 2.00% |
| Other Comprehensive Income | $249.30 Million | 19.59% |
| Other Components | $164.80 Million | 12.95% |
| Total Equity | $1.27 Billion | 100.00% |
Nokian Renkaat Oyj Competitors by Market Cap
The table below lists competitors of Nokian Renkaat Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XL Axiata Tbk PT
JK:EXCL
|
$855.71 Million |
|
HCI Group Inc
NYSE:HCI
|
$855.77 Million |
|
Corporación Financiera Colombiana S.A
PINK:CRPFY
|
$856.09 Million |
|
Toyou Feiji Electronics Co Ltd
SHE:300302
|
$856.17 Million |
|
SKY Perfect JSAT Holdings Inc.
OTCGREY:SKPJF
|
$855.51 Million |
|
Huadian Energy
SHG:600726
|
$855.33 Million |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
$855.22 Million |
|
Sino Medical Sciences Technology In
SHG:688108
|
$854.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nokian Renkaat Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,347,600,000 to 1,272,400,000, a change of -75,200,000 (-5.6%).
- Net loss of 22,800,000 reduced equity.
- Dividend payments of 72,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 26,099,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.80 Million | -1.79% |
| Dividends Paid | $72.00 Million | -5.66% |
| Other Comprehensive Income | $26.10 Million | +2.05% |
| Other Changes | $-6.50 Million | -0.51% |
| Total Change | $- | -5.58% |
Book Value vs Market Value Analysis
This analysis compares Nokian Renkaat 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: 0.75x
- 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 4.40x to 0.75x 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 | $1.58 | $6.96 | x |
| 2001-12-31 | $1.74 | $6.96 | x |
| 2002-12-31 | $1.97 | $6.96 | x |
| 2003-12-31 | $2.33 | $6.96 | x |
| 2004-12-31 | $2.42 | $6.96 | x |
| 2005-12-31 | $3.85 | $6.96 | x |
| 2006-12-31 | $4.45 | $6.96 | x |
| 2007-12-31 | $5.52 | $6.96 | x |
| 2008-12-31 | $5.87 | $6.96 | x |
| 2009-12-31 | $6.11 | $6.96 | x |
| 2010-12-31 | $7.05 | $6.96 | x |
| 2011-12-31 | $8.74 | $6.96 | x |
| 2012-12-31 | $10.46 | $6.96 | x |
| 2013-12-31 | $10.12 | $6.96 | x |
| 2014-12-31 | $8.95 | $6.96 | x |
| 2015-12-31 | $9.28 | $6.96 | x |
| 2016-12-31 | $10.76 | $6.96 | x |
| 2017-12-31 | $10.70 | $6.96 | x |
| 2018-12-31 | $10.76 | $6.96 | x |
| 2019-12-31 | $12.79 | $6.96 | x |
| 2020-12-31 | $10.99 | $6.96 | x |
| 2021-12-31 | $11.78 | $6.96 | x |
| 2022-12-31 | $10.37 | $6.96 | x |
| 2023-12-31 | $9.77 | $6.96 | x |
| 2024-12-31 | $9.23 | $6.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nokian Renkaat 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): -1.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.77%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.90x
- Recent ROE (-1.79%) is below the historical average (13.86%), 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 | 11.86% | 4.98% | 0.86x | 2.77x | $3.11 Million |
| 2001 | 13.61% | 5.95% | 0.92x | 2.48x | $6.69 Million |
| 2002 | 15.88% | 7.00% | 1.06x | 2.13x | $12.42 Million |
| 2003 | 19.25% | 9.00% | 1.11x | 1.93x | $22.88 Million |
| 2004 | 27.51% | 12.23% | 1.04x | 2.16x | $46.97 Million |
| 2005 | 17.53% | 12.00% | 0.86x | 1.70x | $35.40 Million |
| 2006 | 19.28% | 12.84% | 0.94x | 1.59x | $51.64 Million |
| 2007 | 23.70% | 16.48% | 0.89x | 1.62x | $97.62 Million |
| 2008 | 18.12% | 12.94% | 0.76x | 1.84x | $62.71 Million |
| 2009 | 7.70% | 7.30% | 0.65x | 1.61x | $-17.46 Million |
| 2010 | 18.11% | 16.04% | 0.77x | 1.46x | $75.98 Million |
| 2011 | 26.05% | 21.20% | 0.78x | 1.58x | $190.32 Million |
| 2012 | 23.03% | 20.52% | 0.80x | 1.41x | $187.22 Million |
| 2013 | 13.19% | 12.08% | 0.74x | 1.48x | $44.45 Million |
| 2014 | 17.24% | 15.00% | 0.77x | 1.49x | $87.55 Million |
| 2015 | 19.39% | 17.70% | 0.78x | 1.41x | $116.54 Million |
| 2016 | 17.27% | 18.10% | 0.70x | 1.35x | $105.96 Million |
| 2017 | 15.08% | 14.08% | 0.84x | 1.28x | $74.56 Million |
| 2018 | 19.86% | 18.50% | 0.76x | 1.41x | $146.59 Million |
| 2019 | 22.60% | 25.06% | 0.68x | 1.32x | $222.93 Million |
| 2020 | 5.65% | 6.55% | 0.56x | 1.54x | $-66.13 Million |
| 2021 | 12.67% | 12.03% | 0.72x | 1.46x | $43.44 Million |
| 2022 | -12.25% | -9.88% | 0.80x | 1.54x | $-318.81 Million |
| 2023 | -24.15% | -27.74% | 0.50x | 1.73x | $-460.26 Million |
| 2024 | -1.79% | -1.77% | 0.53x | 1.90x | $-150.04 Million |
Industry Comparison
This section compares Nokian Renkaat Oyj's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $103,481,752,622
- Average return on equity (ROE) among peers: 15.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nokian Renkaat Oyj (NKRKF) | $1.14 Billion | 11.86% | 1.15x | $855.65 Million |
| Altisource Asset Management Corporation (AAMCF) | $-89.89 Million | 0.00% | 0.00x | $94.00 |
| Advance Auto Parts Inc (AAP) | $2.00 Billion | 24.66% | 2.98x | $3.18 Billion |
| AB Dynamics plc (ABDDF) | $17.52 Million | 22.12% | 0.22x | $390.81 Million |
| Adient PLC (ADNT) | $2.60 Billion | 7.88% | 2.62x | $1.54 Billion |
| Agristar Inc (AGRS) | $687.77K | -63.01% | 1.48x | $96.09 |
| Akebono Brake Industry Co. Ltd (AKBIF) | $53.88 Billion | 46.13% | 1.76x | $73.29 Million |
| Allison Transmission Holdings Inc (ALSN) | $689.00 Million | 73.15% | 5.10x | $9.85 Billion |
| Autoliv Inc (ALV) | $2.40 Billion | 11.99% | 1.21x | $7.72 Billion |
| Aptiv PLC (APTV) | $4.01 Billion | 24.68% | 2.36x | $15.08 Billion |
| Aisin Seiki Co Ltd (ASEKY) | $969.31 Billion | 5.73% | 1.14x | $5.03 Billion |