Afry AB
Afry AB provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally. It operates through five segments: Infrastructure, Industrial & Digital Solutions, Process Industries, and Energy and Management Consulting. The company offers architecture and design services; aut… Read more
Afry AB (AFRY) - Net Assets
Latest net assets as of December 2025: Skr12.68 Billion SEK
Based on the latest financial reports, Afry AB (AFRY) has net assets worth Skr12.68 Billion SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr27.04 Billion) and total liabilities (Skr14.36 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 | Skr12.68 Billion |
| % of Total Assets | 46.89% |
| Annual Growth Rate | 13.34% |
| 5-Year Change | 15.34% |
| 10-Year Change | 170.0% |
| Growth Volatility | 25.79 |
Afry AB - Net Assets Trend (1997–2025)
This chart illustrates how Afry AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Afry AB (1997–2025)
The table below shows the annual net assets of Afry AB from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr12.68 Billion | -3.59% |
| 2024-12-31 | Skr13.15 Billion | +5.59% |
| 2023-12-31 | Skr12.46 Billion | +2.27% |
| 2022-12-31 | Skr12.18 Billion | +10.78% |
| 2021-12-31 | Skr10.99 Billion | +8.88% |
| 2020-12-31 | Skr10.10 Billion | +7.77% |
| 2019-12-31 | Skr9.37 Billion | +71.42% |
| 2018-12-31 | Skr5.46 Billion | +9.54% |
| 2017-12-31 | Skr4.99 Billion | +6.24% |
| 2016-12-31 | Skr4.70 Billion | +11.03% |
| 2015-12-31 | Skr4.23 Billion | +6.96% |
| 2014-12-31 | Skr3.95 Billion | +7.63% |
| 2013-12-31 | Skr3.67 Billion | +7.39% |
| 2012-12-31 | Skr3.42 Billion | +39.64% |
| 2011-12-31 | Skr2.45 Billion | +3.79% |
| 2010-12-31 | Skr2.36 Billion | +29.24% |
| 2009-12-31 | Skr1.83 Billion | +7.53% |
| 2008-12-31 | Skr1.70 Billion | +26.84% |
| 2007-12-31 | Skr1.34 Billion | +22.69% |
| 2006-12-31 | Skr1.09 Billion | +87.81% |
| 2005-12-31 | Skr581.18 Million | +50.99% |
| 2004-12-31 | Skr384.92 Million | +12.38% |
| 2003-12-31 | Skr342.52 Million | +3.62% |
| 2002-12-31 | Skr330.56 Million | -39.07% |
| 2001-12-31 | Skr542.50 Million | -1.68% |
| 2000-12-31 | Skr551.78 Million | +63.95% |
| 1999-12-31 | Skr336.56 Million | -12.03% |
| 1998-12-31 | Skr382.58 Million | +0.53% |
| 1997-12-31 | Skr380.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Afry AB'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 | Skr12.68 Billion | 100.00% |
| Total Equity | Skr12.68 Billion | 100.00% |
Afry AB Competitors by Market Cap
The table below lists competitors of Afry AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
REYNOLDS CONS.PROD.DL-001
F:3ZT
|
$1.01 Billion |
|
Blue Moon Group Holdings Limited
PINK:BLUMY
|
$1.01 Billion |
|
Shanghai Taisheng Wind Power
SHE:300129
|
$1.01 Billion |
|
Shenzhen United Winners Laser Co Ltd
SHG:688518
|
$1.01 Billion |
|
Stepan Company
NYSE:SCL
|
$1.01 Billion |
|
Foryou Corp
SHE:002906
|
$1.00 Billion |
|
Acbel Polytech Inc
TW:6282
|
$1.00 Billion |
|
Zhejiang Jinggong Science Technology
SHE:002006
|
$1.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Afry AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,128,000,000 to 12,677,000,000, a change of -451,000,000 (-3.4%).
- Net income of 800,000,000 contributed positively to equity growth.
- Dividend payments of 680,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 971,000,000.
- Other factors increased equity by 400,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr800.00 Million | +6.31% |
| Dividends Paid | Skr680.00 Million | -5.36% |
| Other Comprehensive Income | Skr-971.00 Million | -7.66% |
| Other Changes | Skr400.00 Million | +3.16% |
| Total Change | Skr- | -3.44% |
Book Value vs Market Value Analysis
This analysis compares Afry AB'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: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.79x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | Skr9.01 | Skr124.20 | x |
| 1998-12-31 | Skr9.05 | Skr124.20 | x |
| 1999-12-31 | Skr6.92 | Skr124.20 | x |
| 2000-12-31 | Skr10.51 | Skr124.20 | x |
| 2001-12-31 | Skr9.24 | Skr124.20 | x |
| 2002-12-31 | Skr5.59 | Skr124.20 | x |
| 2003-12-31 | Skr5.98 | Skr124.20 | x |
| 2004-12-31 | Skr6.49 | Skr124.20 | x |
| 2005-12-31 | Skr9.15 | Skr124.20 | x |
| 2006-12-31 | Skr15.97 | Skr124.20 | x |
| 2007-12-31 | Skr17.86 | Skr124.20 | x |
| 2008-12-31 | Skr22.14 | Skr124.20 | x |
| 2009-12-31 | Skr23.74 | Skr124.20 | x |
| 2010-12-31 | Skr30.82 | Skr124.20 | x |
| 2011-12-31 | Skr31.97 | Skr124.20 | x |
| 2012-12-31 | Skr43.82 | Skr124.20 | x |
| 2013-12-31 | Skr40.73 | Skr124.20 | x |
| 2014-12-31 | Skr44.20 | Skr124.20 | x |
| 2015-12-31 | Skr47.06 | Skr124.20 | x |
| 2016-12-31 | Skr51.90 | Skr124.20 | x |
| 2017-12-31 | Skr55.21 | Skr124.20 | x |
| 2018-12-31 | Skr68.09 | Skr124.20 | x |
| 2019-12-31 | Skr90.03 | Skr124.20 | x |
| 2020-12-31 | Skr89.70 | Skr124.20 | x |
| 2021-12-31 | Skr97.08 | Skr124.20 | x |
| 2022-12-31 | Skr107.54 | Skr124.20 | x |
| 2023-12-31 | Skr109.97 | Skr124.20 | x |
| 2024-12-31 | Skr115.92 | Skr124.20 | x |
| 2025-12-31 | Skr111.94 | Skr124.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Afry AB 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): 6.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.11%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.13x
- Recent ROE (6.31%) is below the historical average (15.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 11.88% | 3.90% | 1.54x | 1.98x | Skr7.16 Million |
| 1998 | 12.55% | 3.67% | 1.61x | 2.13x | Skr9.75 Million |
| 1999 | 11.09% | 2.28% | 1.59x | 3.06x | Skr3.59 Million |
| 2000 | 42.41% | 13.21% | 1.26x | 2.56x | Skr175.92 Million |
| 2001 | 10.79% | 2.91% | 1.54x | 2.42x | Skr4.19 Million |
| 2002 | 39.94% | 6.66% | 1.75x | 3.42x | Skr95.59 Million |
| 2003 | 8.81% | 1.51% | 1.78x | 3.28x | Skr-4.08 Million |
| 2004 | 7.89% | 1.39% | 1.67x | 3.40x | Skr-8.03 Million |
| 2005 | 35.17% | 9.01% | 1.86x | 2.10x | Skr146.26 Million |
| 2006 | 9.86% | 3.46% | 1.35x | 2.11x | Skr-1.52 Million |
| 2007 | 16.29% | 5.63% | 1.38x | 2.09x | Skr84.03 Million |
| 2008 | 19.18% | 7.10% | 1.27x | 2.14x | Skr155.17 Million |
| 2009 | 14.82% | 5.75% | 1.31x | 1.98x | Skr87.45 Million |
| 2010 | 30.26% | 16.38% | 1.10x | 1.68x | Skr475.27 Million |
| 2011 | 12.55% | 5.97% | 1.24x | 1.69x | Skr62.25 Million |
| 2012 | 10.13% | 5.95% | 0.77x | 2.21x | Skr4.27 Million |
| 2013 | 14.28% | 6.27% | 1.18x | 1.93x | Skr156.65 Million |
| 2014 | 13.99% | 6.28% | 1.21x | 1.85x | Skr157.83 Million |
| 2015 | 14.32% | 6.14% | 1.18x | 1.97x | Skr182.65 Million |
| 2016 | 15.52% | 6.56% | 1.06x | 2.23x | Skr258.30 Million |
| 2017 | 14.96% | 5.88% | 1.11x | 2.29x | Skr246.80 Million |
| 2018 | 15.60% | 6.08% | 1.06x | 2.42x | Skr305.10 Million |
| 2019 | 8.76% | 4.15% | 0.81x | 2.60x | Skr-115.70 Million |
| 2020 | 9.24% | 4.91% | 0.80x | 2.34x | Skr-76.50 Million |
| 2021 | 10.27% | 5.62% | 0.78x | 2.36x | Skr29.80 Million |
| 2022 | 8.00% | 4.14% | 0.84x | 2.30x | Skr-243.60 Million |
| 2023 | 8.83% | 4.08% | 0.96x | 2.26x | Skr-145.40 Million |
| 2024 | 9.36% | 4.53% | 0.96x | 2.16x | Skr-83.80 Million |
| 2025 | 6.31% | 3.11% | 0.95x | 2.13x | Skr-467.70 Million |
Industry Comparison
This section compares Afry AB's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,415,620,441
- Average return on equity (ROE) among peers: 19.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Afry AB (AFRY) | Skr12.68 Billion | 11.88% | 1.13x | $1.01 Billion |
| Bravida Holding AB (BRAV) | $9.13 Billion | 13.49% | 1.57x | $1.83 Billion |
| Bygg Partner i Dalarna Holding AB (BYGGP) | $125.80 Million | 41.10% | 1.87x | $51.00 Million |
| Fasadgruppen Group AB (FG) | $2.09 Billion | 12.99% | 1.41x | $68.51 Million |
| Hexicon AB (HEXI) | $91.85 Million | -41.39% | 0.28x | $2.92 Million |
| Hifab Group AB Series B (HIFA-B) | $81.67 Million | 12.56% | 1.48x | $4.19 Million |
| Hultström Group B (HULT-B) | $60.21 Million | 21.18% | 1.68x | $3.85 Million |
| Infrea AB (INFREA) | $3.98 Million | 77.94% | 0.11x | $25.13 Million |
| Instalco Intressenter AB (INSTAL) | $553.40 Million | 25.30% | 1.76x | $662.14 Million |
| Netel Holding AB (NETEL) | $603.27 Million | 12.75% | 1.50x | $13.47 Million |