SSAB AB (publ)
SSAB AB (publ) engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products. The SSAB Europe segmen… Read more
SSAB AB (publ) (SSAAF) - Net Assets
Latest net assets as of December 2025: $67.82 Billion USD
Based on the latest financial reports, SSAB AB (publ) (SSAAF) has net assets worth $67.82 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 ($106.13 Billion) and total liabilities ($38.31 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 | $67.82 Billion |
| % of Total Assets | 63.91% |
| Annual Growth Rate | 8.78% |
| 5-Year Change | -7.74% |
| 10-Year Change | 28.11% |
| Growth Volatility | 23.39 |
SSAB AB (publ) - Net Assets Trend (2002–2025)
This chart illustrates how SSAB 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 SSAB AB (publ) (2002–2025)
The table below shows the annual net assets of SSAB AB (publ) from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $67.82 Billion | -4.50% |
| 2024-12-31 | $71.02 Billion | +4.51% |
| 2023-12-31 | $67.95 Billion | +1.13% |
| 2022-12-31 | $67.19 Billion | -8.59% |
| 2021-12-31 | $73.51 Billion | +35.88% |
| 2020-12-31 | $54.10 Billion | -10.46% |
| 2019-12-31 | $60.42 Billion | +1.52% |
| 2018-12-31 | $59.52 Billion | +11.67% |
| 2017-12-31 | $53.29 Billion | +0.67% |
| 2016-12-31 | $52.94 Billion | +19.12% |
| 2015-12-31 | $44.44 Billion | +1.28% |
| 2014-12-31 | $43.88 Billion | +61.62% |
| 2013-12-31 | $27.15 Billion | -5.63% |
| 2012-12-31 | $28.77 Billion | -6.50% |
| 2011-12-31 | $30.77 Billion | +2.30% |
| 2010-12-31 | $30.08 Billion | -2.99% |
| 2009-12-31 | $31.00 Billion | -11.91% |
| 2008-12-31 | $35.19 Billion | +20.75% |
| 2007-12-31 | $29.14 Billion | +87.42% |
| 2006-12-31 | $15.55 Billion | +8.26% |
| 2005-12-31 | $14.36 Billion | +8.89% |
| 2004-12-31 | $13.19 Billion | +31.50% |
| 2003-12-31 | $10.03 Billion | +2.40% |
| 2002-12-31 | $9.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SSAB 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 grown by 2488600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $24.89 Billion | 36.71% |
| Common Stock | $9.06 Billion | 13.37% |
| Other Components | $33.84 Billion | 49.92% |
| Total Equity | $67.78 Billion | 100.00% |
SSAB AB (publ) Competitors by Market Cap
The table below lists competitors of SSAB AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WH Group Limited
PINK:WHGRF
|
$6.19 Billion |
|
Ibiden Co.Ltd
PINK:IBIDF
|
$6.20 Billion |
|
Argan Inc
NYSE:AGX
|
$6.21 Billion |
|
Ternium S.A
F:T5Z
|
$6.21 Billion |
|
Starwood Property Trust Inc
NYSE:STWD
|
$6.18 Billion |
|
Darling Ingredients Inc
NYSE:DAR
|
$6.18 Billion |
|
JACKSON FNCL CL.A DL-10
F:8WF
|
$6.18 Billion |
|
Brinker International Inc
NYSE:EAT
|
$6.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SSAB AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 70,966,000,000 to 67,785,000,000, a change of -3,181,000,000 (-4.5%).
- Net income of 4,902,000,000 contributed positively to equity growth.
- Dividend payments of 2,591,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 16,400,000,000.
- Other factors increased equity by 10,908,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.90 Billion | +7.23% |
| Dividends Paid | $2.59 Billion | -3.82% |
| Other Comprehensive Income | $-16.40 Billion | -24.19% |
| Other Changes | $10.91 Billion | +16.09% |
| Total Change | $- | -4.48% |
Book Value vs Market Value Analysis
This analysis compares SSAB 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 0.27x 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 |
|---|---|---|---|
| 2002-12-31 | $23.11 | $6.21 | x |
| 2003-12-31 | $23.70 | $6.21 | x |
| 2004-12-31 | $27.82 | $6.21 | x |
| 2005-12-31 | $30.98 | $6.21 | x |
| 2006-12-31 | $34.22 | $6.21 | x |
| 2007-12-31 | $68.93 | $6.21 | x |
| 2008-12-31 | $76.46 | $6.21 | x |
| 2009-12-31 | $67.39 | $6.21 | x |
| 2010-12-31 | $65.30 | $6.21 | x |
| 2011-12-31 | $67.23 | $6.21 | x |
| 2012-12-31 | $62.86 | $6.21 | x |
| 2013-12-31 | $59.27 | $6.21 | x |
| 2014-12-31 | $73.90 | $6.21 | x |
| 2015-12-31 | $80.83 | $6.21 | x |
| 2016-12-31 | $66.55 | $6.21 | x |
| 2017-12-31 | $51.69 | $6.21 | x |
| 2018-12-31 | $57.72 | $6.21 | x |
| 2019-12-31 | $58.57 | $6.21 | x |
| 2020-12-31 | $52.42 | $6.21 | x |
| 2021-12-31 | $71.35 | $6.21 | x |
| 2022-12-31 | $65.18 | $6.21 | x |
| 2023-12-31 | $66.02 | $6.21 | x |
| 2024-12-31 | $69.03 | $6.21 | x |
| 2025-12-31 | $68.02 | $6.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SSAB 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): 7.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.09%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.57x
- Recent ROE (7.23%) is below the historical average (7.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.99% | 2.99% | 1.05x | 1.90x | $-386.40 Million |
| 2003 | 9.10% | 4.54% | 1.07x | 1.87x | $-89.00 Million |
| 2004 | 27.63% | 15.15% | 1.10x | 1.66x | $2.29 Billion |
| 2005 | 28.35% | 14.46% | 1.27x | 1.54x | $2.60 Billion |
| 2006 | 27.73% | 13.70% | 1.36x | 1.49x | $2.72 Billion |
| 2007 | 15.77% | 9.57% | 0.53x | 3.14x | $1.67 Billion |
| 2008 | 19.82% | 12.76% | 0.78x | 1.98x | $3.44 Billion |
| 2009 | -3.27% | -3.38% | 0.49x | 1.96x | $-4.09 Billion |
| 2010 | 1.86% | 1.40% | 0.65x | 2.04x | $-2.43 Billion |
| 2011 | 5.07% | 3.49% | 0.70x | 2.06x | $-1.52 Billion |
| 2012 | 0.05% | 0.04% | 0.66x | 2.04x | $-2.86 Billion |
| 2013 | -3.93% | -3.04% | 0.63x | 2.06x | $-3.78 Billion |
| 2014 | -3.19% | -2.93% | 0.53x | 2.05x | $-5.78 Billion |
| 2015 | -1.14% | -0.89% | 0.67x | 1.92x | $-4.95 Billion |
| 2016 | 1.77% | 1.69% | 0.61x | 1.72x | $-4.35 Billion |
| 2017 | 4.31% | 3.47% | 0.76x | 1.64x | $-3.03 Billion |
| 2018 | 5.97% | 4.74% | 0.81x | 1.56x | $-2.39 Billion |
| 2019 | 1.78% | 1.41% | 0.81x | 1.56x | $-4.96 Billion |
| 2020 | -0.94% | -0.78% | 0.74x | 1.64x | $-5.91 Billion |
| 2021 | 19.95% | 15.29% | 0.86x | 1.52x | $7.31 Billion |
| 2022 | -16.22% | -8.71% | 1.14x | 1.63x | $-17.60 Billion |
| 2023 | 19.20% | 11.19% | 1.08x | 1.59x | $6.24 Billion |
| 2024 | 18.36% | 12.97% | 0.91x | 1.56x | $5.93 Billion |
| 2025 | 7.23% | 5.09% | 0.91x | 1.57x | $-1.88 Billion |
Industry Comparison
This section compares SSAB AB (publ)'s net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SSAB AB (publ) (SSAAF) | $67.82 Billion | 5.99% | 0.56x | $6.18 Billion |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $268.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.22 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |