Holmen AB (publ) (HOLM-B) - Net Assets
Based on the latest financial reports, Holmen AB (publ) (HOLM-B) has net assets worth Skr55.41 Billion SEK (≈ $5.96 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 (Skr80.86 Billion ≈ $8.70 Billion USD) and total liabilities (Skr25.46 Billion ≈ $2.74 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 HOLM-B asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr55.41 Billion |
| % of Total Assets | 68.52% |
| Annual Growth Rate | 5.79% |
| 5-Year Change | 17.9% |
| 10-Year Change | 160.82% |
| Growth Volatility | 14.96 |
Holmen AB (publ) - Net Assets Trend (2002–2025)
This chart illustrates how Holmen AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore HOLM-B asset base for the complete picture of this company's asset base.
Annual Net Assets for Holmen AB (publ) (2002–2025)
The table below shows the annual net assets of Holmen AB (publ) from 2002 to 2025. For live valuation and market cap data, see Holmen AB (publ) (HOLM-B) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr55.41 Billion ≈ $5.96 Billion |
-3.43% |
| 2024-12-31 | Skr57.37 Billion ≈ $6.17 Billion |
+0.79% |
| 2023-12-31 | Skr56.92 Billion ≈ $6.13 Billion |
-0.05% |
| 2022-12-31 | Skr56.95 Billion ≈ $6.13 Billion |
+21.19% |
| 2021-12-31 | Skr46.99 Billion ≈ $5.06 Billion |
+10.53% |
| 2020-12-31 | Skr42.52 Billion ≈ $4.58 Billion |
+6.00% |
| 2019-12-31 | Skr40.11 Billion ≈ $4.32 Billion |
+71.03% |
| 2018-12-31 | Skr23.45 Billion ≈ $2.52 Billion |
+6.44% |
| 2017-12-31 | Skr22.04 Billion ≈ $2.37 Billion |
+3.73% |
| 2016-12-31 | Skr21.24 Billion ≈ $2.29 Billion |
+1.87% |
| 2015-12-31 | Skr20.85 Billion ≈ $2.24 Billion |
-0.55% |
| 2014-12-31 | Skr20.97 Billion ≈ $2.26 Billion |
+0.55% |
| 2013-12-31 | Skr20.85 Billion ≈ $2.24 Billion |
+0.20% |
| 2012-12-31 | Skr20.81 Billion ≈ $2.24 Billion |
+5.26% |
| 2011-12-31 | Skr19.77 Billion ≈ $2.13 Billion |
+16.91% |
| 2010-12-31 | Skr16.91 Billion ≈ $1.82 Billion |
+2.48% |
| 2009-12-31 | Skr16.50 Billion ≈ $1.78 Billion |
+5.52% |
| 2008-12-31 | Skr15.64 Billion ≈ $1.68 Billion |
-7.62% |
| 2007-12-31 | Skr16.93 Billion ≈ $1.82 Billion |
+1.78% |
| 2006-12-31 | Skr16.64 Billion ≈ $1.79 Billion |
+3.93% |
| 2005-12-31 | Skr16.01 Billion ≈ $1.72 Billion |
+2.38% |
| 2004-12-31 | Skr15.63 Billion ≈ $1.68 Billion |
+1.75% |
| 2003-12-31 | Skr15.37 Billion ≈ $1.65 Billion |
+1.19% |
| 2002-12-31 | Skr15.19 Billion ≈ $1.63 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Holmen 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr4.24 Billion | 7.65% |
| Other Components | Skr51.17 Billion | 92.35% |
| Total Equity | Skr55.41 Billion | 100.00% |
Holmen AB (publ) Competitors by Market Cap
The table below lists competitors of Holmen AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VALLOUREC ADR 1/5/EO 2
F:VACE
|
$3.71 Billion |
|
Hims Hers Health Inc
NYSE:HIMS
|
$3.71 Billion |
|
Nine Dragons Paper (Holdings) Limited
F:N3Y
|
$3.71 Billion |
|
United Community Banks, Inc.
NASDAQ:UCB
|
$3.71 Billion |
|
Catcher Technology Co Ltd
TW:2474
|
$3.70 Billion |
|
Sime Darby Bhd
KLSE:4197
|
$3.70 Billion |
|
MANDARIN ORIENTAL DL-05
F:1C4
|
$3.70 Billion |
|
Fosun International Limited
F:FNI
|
$3.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Holmen AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,370,000,000 to 55,405,000,000, a change of -1,965,000,000 (-3.4%).
- Net income of 2,879,000,000 contributed positively to equity growth.
- Dividend payments of 1,888,000,000 reduced retained earnings.
- Share repurchases of 1,649,000,000 reduced equity.
- Other comprehensive income decreased equity by 20,726,000,000.
- Other factors increased equity by 19,419,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr2.88 Billion | +5.2% |
| Dividends Paid | Skr1.89 Billion | -3.41% |
| Share Repurchases | Skr1.65 Billion | -2.98% |
| Other Comprehensive Income | Skr-20.73 Billion | -37.41% |
| Other Changes | Skr19.42 Billion | +35.05% |
| Total Change | Skr- | -3.43% |
Book Value vs Market Value Analysis
This analysis compares Holmen 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: 0.89x
- 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 3.55x to 0.89x 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 | Skr89.37 | Skr317.60 | x |
| 2003-12-31 | Skr90.45 | Skr317.60 | x |
| 2004-12-31 | Skr91.85 | Skr317.60 | x |
| 2005-12-31 | Skr94.38 | Skr317.60 | x |
| 2006-12-31 | Skr98.09 | Skr317.60 | x |
| 2007-12-31 | Skr99.83 | Skr317.60 | x |
| 2008-12-31 | Skr92.77 | Skr317.60 | x |
| 2009-12-31 | Skr98.24 | Skr317.60 | x |
| 2010-12-31 | Skr100.67 | Skr317.60 | x |
| 2011-12-31 | Skr117.70 | Skr317.60 | x |
| 2012-12-31 | Skr123.89 | Skr317.60 | x |
| 2013-12-31 | Skr124.14 | Skr317.60 | x |
| 2014-12-31 | Skr124.82 | Skr317.60 | x |
| 2015-12-31 | Skr124.13 | Skr317.60 | x |
| 2016-12-31 | Skr126.45 | Skr317.60 | x |
| 2017-12-31 | Skr131.17 | Skr317.60 | x |
| 2018-12-31 | Skr139.61 | Skr317.60 | x |
| 2019-12-31 | Skr241.49 | Skr317.60 | x |
| 2020-12-31 | Skr262.56 | Skr317.60 | x |
| 2021-12-31 | Skr290.21 | Skr317.60 | x |
| 2022-12-31 | Skr351.60 | Skr317.60 | x |
| 2023-12-31 | Skr354.73 | Skr317.60 | x |
| 2024-12-31 | Skr361.33 | Skr317.60 | x |
| 2025-12-31 | Skr358.76 | Skr317.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Holmen 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): 5.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.05%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.46x
- Recent ROE (5.20%) is below the historical average (8.08%), 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 | 13.09% | 12.18% | 0.60x | 1.80x | Skr462.90 Million |
| 2003 | 9.58% | 9.17% | 0.60x | 1.74x | Skr-63.20 Million |
| 2004 | 8.21% | 8.15% | 0.54x | 1.87x | Skr-277.30 Million |
| 2005 | 7.85% | 7.70% | 0.51x | 2.01x | Skr-344.70 Million |
| 2006 | 8.77% | 7.85% | 0.58x | 1.93x | Skr-204.60 Million |
| 2007 | 8.89% | 7.86% | 0.58x | 1.96x | Skr-188.20 Million |
| 2008 | 4.10% | 3.32% | 0.56x | 2.21x | Skr-922.10 Million |
| 2009 | 6.10% | 5.57% | 0.56x | 1.95x | Skr-644.40 Million |
| 2010 | 4.16% | 4.00% | 0.53x | 1.98x | Skr-987.30 Million |
| 2011 | 20.00% | 21.20% | 0.50x | 1.88x | Skr1.98 Billion |
| 2012 | 8.90% | 10.38% | 0.48x | 1.78x | Skr-228.30 Million |
| 2013 | 3.41% | 4.38% | 0.44x | 1.76x | Skr-1.37 Billion |
| 2014 | 4.33% | 5.67% | 0.44x | 1.74x | Skr-1.19 Billion |
| 2015 | 2.68% | 3.49% | 0.45x | 1.70x | Skr-1.53 Billion |
| 2016 | 6.70% | 9.18% | 0.44x | 1.64x | Skr-700.30 Million |
| 2017 | 7.57% | 10.34% | 0.46x | 1.58x | Skr-535.50 Million |
| 2018 | 9.67% | 14.13% | 0.43x | 1.57x | Skr-77.30 Million |
| 2019 | 21.77% | 51.48% | 0.29x | 1.48x | Skr4.72 Billion |
| 2020 | 4.65% | 12.12% | 0.26x | 1.47x | Skr-2.27 Billion |
| 2021 | 6.39% | 15.42% | 0.29x | 1.45x | Skr-1.70 Billion |
| 2022 | 10.31% | 24.52% | 0.29x | 1.43x | Skr179.00 Million |
| 2023 | 6.49% | 16.22% | 0.29x | 1.40x | Skr-2.00 Billion |
| 2024 | 4.99% | 12.57% | 0.28x | 1.42x | Skr-2.88 Billion |
| 2025 | 5.20% | 13.05% | 0.27x | 1.46x | Skr-2.66 Billion |
Industry Comparison
This section compares Holmen AB (publ)'s net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $30,601,457,143
- Average return on equity (ROE) among peers: 11.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Holmen AB (publ) (HOLM-B) | Skr55.41 Billion | 13.09% | 0.46x | $3.70 Billion |
| BillerudKorsnas AB (BILL) | $13.02 Billion | 11.66% | 0.99x | $1.69 Billion |
| Holmen AB (publ) (HOLM-A) | $19.77 Billion | 20.00% | 0.88x | $1.53 Billion |
| Nordic Paper Holding AB (NPAPER) | $1.04 Billion | 54.37% | 2.48x | $342.74 Million |
| Rottneros AB (RROS) | $825.00 Million | -19.15% | 0.41x | $65.80 Million |
| Svenska Cellulosa Aktiebolaget SCA (publ) (SCA-A) | $104.28 Billion | 3.52% | 0.42x | $695.74 Million |
| Svenska Cellulosa Aktiebolaget SCA (publ) (SCA-B) | $67.25 Billion | 8.32% | 1.36x | $7.24 Billion |
| Stora Enso Oyj ser. R (STE-R) | $8.01 Billion | 1.72% | 1.24x | $104.18K |
About Holmen AB (publ)
Holmen AB (publ) engages in the forest, paperboard, paper, wood products, and renewable energy businesses in Sweden and internationally. It operates through Forest, Renewable Energy, Wood Products, and Board and Paper segments. The Forest segment offers logs, pulpwood, and biofuel to sawmills, pulp mills, and board and paper mills. The Renewable energy segment provides renewable energy from hydro… Read more