Afry AB (AFRY) - Net Assets

Latest as of December 2025: Skr12.68 Billion SEK ≈ $1.36 Billion USD

Based on the latest financial reports, Afry AB (AFRY) has net assets worth Skr12.68 Billion SEK (≈ $1.36 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 (Skr27.04 Billion ≈ $2.91 Billion USD) and total liabilities (Skr14.36 Billion ≈ $1.55 Billion USD). 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. Check AFRY asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Afry AB for the complete picture of this company's asset base.

Annual Net Assets for Afry AB (1997–2025)

The table below shows the annual net assets of Afry AB from 1997 to 2025. For live valuation and market cap data, see Afry AB market cap and net worth.

Year	Net Assets	Change
2025-12-31	Skr12.68 Billion ≈ $1.36 Billion	-3.59%
2024-12-31	Skr13.15 Billion ≈ $1.42 Billion	+5.59%
2023-12-31	Skr12.46 Billion ≈ $1.34 Billion	+2.27%
2022-12-31	Skr12.18 Billion ≈ $1.31 Billion	+10.78%
2021-12-31	Skr10.99 Billion ≈ $1.18 Billion	+8.88%
2020-12-31	Skr10.10 Billion ≈ $1.09 Billion	+7.77%
2019-12-31	Skr9.37 Billion ≈ $1.01 Billion	+71.42%
2018-12-31	Skr5.46 Billion ≈ $588.12 Million	+9.54%
2017-12-31	Skr4.99 Billion ≈ $536.90 Million	+6.24%
2016-12-31	Skr4.70 Billion ≈ $505.36 Million	+11.03%
2015-12-31	Skr4.23 Billion ≈ $455.17 Million	+6.96%
2014-12-31	Skr3.95 Billion ≈ $425.57 Million	+7.63%
2013-12-31	Skr3.67 Billion ≈ $395.40 Million	+7.39%
2012-12-31	Skr3.42 Billion ≈ $368.21 Million	+39.64%
2011-12-31	Skr2.45 Billion ≈ $263.68 Million	+3.79%
2010-12-31	Skr2.36 Billion ≈ $254.05 Million	+29.24%
2009-12-31	Skr1.83 Billion ≈ $196.57 Million	+7.53%
2008-12-31	Skr1.70 Billion ≈ $182.80 Million	+26.84%
2007-12-31	Skr1.34 Billion ≈ $144.12 Million	+22.69%
2006-12-31	Skr1.09 Billion ≈ $117.47 Million	+87.81%
2005-12-31	Skr581.18 Million ≈ $62.54 Million	+50.99%
2004-12-31	Skr384.92 Million ≈ $41.42 Million	+12.38%
2003-12-31	Skr342.52 Million ≈ $36.86 Million	+3.62%
2002-12-31	Skr330.56 Million ≈ $35.57 Million	-39.07%
2001-12-31	Skr542.50 Million ≈ $58.38 Million	-1.68%
2000-12-31	Skr551.78 Million ≈ $59.38 Million	+63.95%
1999-12-31	Skr336.56 Million ≈ $36.22 Million	-12.03%
1998-12-31	Skr382.58 Million ≈ $41.17 Million	+0.53%
1997-12-31	Skr380.56 Million ≈ $40.95 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
Grupo Aeroméxico S.A.B. de C.V MX:AEROMEX	$1.31 Billion
Sino Medical Sciences Technology In SHG:688108	$1.31 Billion
Jupiter Wagons Limited NSE:JWL	$1.31 Billion
Kinpo Electronics Inc TW:2312	$1.31 Billion
Changzhou Qianhong Biopharma Co Ltd SHE:002550	$1.31 Billion
Couchbase Inc NASDAQ:BASE	$1.31 Billion
Dogan Sirketler Grubu Holding AS IS:DOHOL	$1.31 Billion
Novavax Inc NASDAQ:NVAX	$1.31 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: 1.00x
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 12.41x to 1.00x 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	Skr111.80	x
1998-12-31	Skr9.05	Skr111.80	x
1999-12-31	Skr6.92	Skr111.80	x
2000-12-31	Skr10.51	Skr111.80	x
2001-12-31	Skr9.24	Skr111.80	x
2002-12-31	Skr5.59	Skr111.80	x
2003-12-31	Skr5.98	Skr111.80	x
2004-12-31	Skr6.49	Skr111.80	x
2005-12-31	Skr9.15	Skr111.80	x
2006-12-31	Skr15.97	Skr111.80	x
2007-12-31	Skr17.86	Skr111.80	x
2008-12-31	Skr22.14	Skr111.80	x
2009-12-31	Skr23.74	Skr111.80	x
2010-12-31	Skr30.82	Skr111.80	x
2011-12-31	Skr31.97	Skr111.80	x
2012-12-31	Skr43.82	Skr111.80	x
2013-12-31	Skr40.73	Skr111.80	x
2014-12-31	Skr44.20	Skr111.80	x
2015-12-31	Skr47.06	Skr111.80	x
2016-12-31	Skr51.90	Skr111.80	x
2017-12-31	Skr55.21	Skr111.80	x
2018-12-31	Skr68.09	Skr111.80	x
2019-12-31	Skr90.03	Skr111.80	x
2020-12-31	Skr89.70	Skr111.80	x
2021-12-31	Skr97.08	Skr111.80	x
2022-12-31	Skr107.54	Skr111.80	x
2023-12-31	Skr109.97	Skr111.80	x
2024-12-31	Skr115.92	Skr111.80	x
2025-12-31	Skr111.94	Skr111.80	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: $1,428,372,889
Average return on equity (ROE) among peers: 10.33%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Afry AB (AFRY)	Skr12.68 Billion	11.88%	1.13x	$1.31 Billion
Bravida Holding AB (BRAV)	$1.21 Billion	0.00%	3.48x	$2.10 Billion
Bygg Partner i Dalarna Holding AB (BYGGP)	$154.20 Million	34.84%	3.26x	$243.98 Million
Fasadgruppen Group AB (FG)	$2.04 Billion	-5.68%	2.13x	$189.29 Million
Hexicon AB (HEXI)	$-285.00 Million	0.00%	0.00x	$7.05 Million
Hifab Group AB Series B (HIFA-B)	$81.67 Million	12.56%	1.48x	$20.03 Million
Hultström Group B (HULT-B)	$47.78 Million	6.14%	1.93x	$23.60 Million
Infrea AB (INFREA)	$685.60 Million	9.19%	0.87x	$51.79 Million
Instalco Intressenter AB (INSTAL)	$3.39 Billion	17.73%	2.16x	$1.11 Billion
NCC AB (publ) (NCC-A)	$5.53 Billion	18.16%	3.89x	$144.84 Million

About Afry AB

ST:AFRY Sweden Engineering & Construction

Market Cap

$1.31 Billion

Skr12.18 Billion SEK

Market Cap Rank

#7944 Global

#116 in Sweden

Share Price

Skr111.80

Change (1 day)

-0.36%

52-Week Range

Skr111.80 - Skr175.20

All Time High

Skr273.41