Industrivarden AB ser. C (INDU-C) - Net Assets

Latest as of September 2025: Skr172.60 Billion SEK ≈ $18.57 Billion USD

Based on the latest financial reports, Industrivarden AB ser. C (INDU-C) has net assets worth Skr172.60 Billion SEK (≈ $18.57 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr180.41 Billion ≈ $19.42 Billion USD) and total liabilities (Skr7.81 Billion ≈ $840.80 Million 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 asset resilience ratio of Industrivarden AB ser. C to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr172.60 Billion
% of Total Assets	95.67%
Annual Growth Rate	10.21%
5-Year Change	31.58%
10-Year Change	134.6%
Growth Volatility	45.48

Industrivarden AB ser. C - Net Assets Trend (2002–2024)

This chart illustrates how Industrivarden AB ser. C's net assets have evolved over time, based on quarterly financial data. Also explore INDU-C total assets for the complete picture of this company's asset base.

Annual Net Assets for Industrivarden AB ser. C (2002–2024)

The table below shows the annual net assets of Industrivarden AB ser. C from 2002 to 2024. For live valuation and market cap data, see market value of Industrivarden AB ser. C.

Year	Net Assets	Change
2024-12-31	Skr159.18 Billion ≈ $17.13 Billion	+6.20%
2023-12-31	Skr149.88 Billion ≈ $16.13 Billion	+18.78%
2022-12-31	Skr126.18 Billion ≈ $13.58 Billion	-11.81%
2021-12-31	Skr143.08 Billion ≈ $15.40 Billion	+18.27%
2020-12-31	Skr120.98 Billion ≈ $13.02 Billion	+7.51%
2019-12-31	Skr112.53 Billion ≈ $12.11 Billion	+32.17%
2018-12-31	Skr85.14 Billion ≈ $9.16 Billion	-11.20%
2017-12-31	Skr95.88 Billion ≈ $10.32 Billion	+16.74%
2016-12-31	Skr82.13 Billion ≈ $8.84 Billion	+21.04%
2015-12-31	Skr67.85 Billion ≈ $7.30 Billion	+0.66%
2014-12-31	Skr67.41 Billion ≈ $7.25 Billion	+13.71%
2013-12-31	Skr59.28 Billion ≈ $6.38 Billion	+22.39%
2012-12-31	Skr48.44 Billion ≈ $5.21 Billion	+23.75%
2011-12-31	Skr39.14 Billion ≈ $4.21 Billion	-30.51%
2010-12-31	Skr56.33 Billion ≈ $6.06 Billion	+32.40%
2009-12-31	Skr42.54 Billion ≈ $4.58 Billion	+80.40%
2008-12-31	Skr23.58 Billion ≈ $2.54 Billion	-56.99%
2007-12-31	Skr54.84 Billion ≈ $5.90 Billion	-6.25%
2006-12-31	Skr58.49 Billion ≈ $6.29 Billion	+21.28%
2005-12-31	Skr48.23 Billion ≈ $5.19 Billion	+188.56%
2004-12-31	Skr16.71 Billion ≈ $1.80 Billion	+1.83%
2003-12-31	Skr16.41 Billion ≈ $1.77 Billion	-12.37%
2002-12-31	Skr18.73 Billion ≈ $2.02 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Industrivarden AB ser. C'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 3925.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Skr157.03 Billion	98.65%
Common Stock	Skr1.09 Billion	0.68%
Other Components	Skr1.06 Billion	0.67%
Total Equity	Skr159.18 Billion	100.00%

Industrivarden AB ser. C Competitors by Market Cap

The table below lists competitors of Industrivarden AB ser. C ranked by their market capitalization.

Company	Market Cap
LPP S.A. WAR:LPP	$11.18 Billion
JAMES HARDIE INDUST.ADR/1 F:JHA0	$11.18 Billion
Eurofins Scientific SE F:ESF0	$11.18 Billion
Dayforce Inc. NYSE:DAY	$11.18 Billion
TMX Group Limited TO:X	$11.16 Billion
Korea Aerospace Industries KO:047810	$11.16 Billion
Dr. Reddy’s Laboratories Ltd ADR NYSE:RDY	$11.16 Billion
Kerry Group IR:KRZ	$11.15 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Industrivarden AB ser. C's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 149,880,000,000 to 159,178,000,000, a change of 9,298,000,000 (6.2%).
Net income of 12,654,000,000 contributed positively to equity growth.
Dividend payments of 3,347,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 1,063,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Skr12.65 Billion	+7.95%
Dividends Paid	Skr3.35 Billion	-2.1%
Other Comprehensive Income	Skr-1.06 Billion	-0.67%
Other Changes	Skr1.05 Billion	+0.66%
Total Change	Skr-	6.20%

Book Value vs Market Value Analysis

This analysis compares Industrivarden AB ser. C'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: 1.31x
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 9.94x to 1.31x 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	Skr48.49	Skr482.10	x
2003-12-31	Skr42.49	Skr482.10	x
2004-12-31	Skr43.27	Skr482.10	x
2005-12-31	Skr124.85	Skr482.10	x
2006-12-31	Skr151.42	Skr482.10	x
2007-12-31	Skr141.97	Skr482.10	x
2008-12-31	Skr62.68	Skr482.10	x
2009-12-31	Skr110.14	Skr482.10	x
2010-12-31	Skr131.76	Skr482.10	x
2011-12-31	Skr101.33	Skr482.10	x
2012-12-31	Skr104.93	Skr482.10	x
2013-12-31	Skr128.17	Skr482.10	x
2014-12-31	Skr145.55	Skr482.10	x
2015-12-31	Skr146.44	Skr482.10	x
2016-12-31	Skr177.26	Skr482.10	x
2017-12-31	Skr220.43	Skr482.10	x
2018-12-31	Skr195.63	Skr482.10	x
2019-12-31	Skr258.56	Skr482.10	x
2020-12-31	Skr277.97	Skr482.10	x
2021-12-31	Skr331.28	Skr482.10	x
2022-12-31	Skr292.15	Skr482.10	x
2023-12-31	Skr347.03	Skr482.10	x
2024-12-31	Skr368.57	Skr482.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Industrivarden AB ser. C 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): 7.95%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 97.97%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.05x
Recent ROE (7.95%) is above the historical average (7.79%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	20.83%	41.56%	0.39x	1.30x	Skr2.03 Billion
2003	5.28%	24.51%	0.17x	1.28x	Skr-774.30 Million
2004	44.62%	127.79%	0.24x	1.43x	Skr5.79 Billion
2005	29.45%	6455.45%	0.00x	1.12x	Skr9.38 Billion
2006	19.87%	5869.19%	0.00x	1.11x	Skr5.77 Billion
2007	-3.54%	0.00%	-0.03x	1.21x	Skr-7.43 Billion
2008	-123.45%	0.00%	-0.79x	1.53x	Skr-31.47 Billion
2009	48.58%	97.14%	0.40x	1.26x	Skr16.41 Billion
2010	26.40%	95.92%	0.22x	1.27x	Skr9.24 Billion
2011	-39.98%	0.00%	-0.26x	1.46x	Skr-19.56 Billion
2012	22.73%	94.88%	0.17x	1.42x	Skr6.16 Billion
2013	20.48%	93.96%	0.16x	1.34x	Skr6.21 Billion
2014	7.81%	89.65%	0.07x	1.25x	Skr-1.48 Billion
2015	4.57%	91.62%	0.04x	1.22x	Skr-3.68 Billion
2016	20.03%	98.54%	0.17x	1.16x	Skr8.24 Billion
2017	16.22%	99.37%	0.14x	1.13x	Skr5.97 Billion
2018	-9.78%	0.00%	-0.09x	1.10x	Skr-16.84 Billion
2019	26.52%	99.65%	0.26x	1.04x	Skr18.58 Billion
2020	6.98%	99.34%	0.07x	1.07x	Skr-3.66 Billion
2021	18.59%	99.65%	0.18x	1.05x	Skr12.29 Billion
2022	-11.07%	0.00%	-0.10x	1.07x	Skr-26.59 Billion
2023	20.15%	99.52%	0.19x	1.06x	Skr15.22 Billion
2024	7.95%	97.97%	0.08x	1.05x	Skr-3.26 Billion

Industry Comparison

This section compares Industrivarden AB ser. C's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $1,238,734,600
Average return on equity (ROE) among peers: 4.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Industrivarden AB ser. C (INDU-C)	Skr172.60 Billion	20.83%	0.05x	$11.17 Billion
Athanase Innovation AB (ATIN)	$634.09 Million	-8.87%	0.08x	$37.61 Million
Bure Equity AB (BURE)	$2.32 Billion	-2.53%	0.13x	$2.13 Billion
Case Group AB (CASE)	$63.27 Million	-4.73%	1.03x	$84.16 Million
Catella AB A (CAT-A)	$562.00 Million	1.78%	0.14x	$5.29 Million
Catella AB (publ) (CAT-B)	$2.04 Billion	-1.03%	1.67x	$197.61 Million
Creades AB (CRED-A)	$3.58 Billion	-3.49%	0.02x	$711.38 Million
Effnetplattformen Holding AB (EFFH)	$22.71 Million	-6.02%	0.13x	$6.51 Million
EQT AB (publ) (EQT)	$2.94 Billion	30.90%	0.32x	$37.38 Billion
First Venture Sweden AB Series B (FIRST-B)	$165.81 Million	-7.93%	0.02x	$5.38 Million
Flat Capital AB Series B (FLAT-B)	$51.18 Million	43.07%	0.14x	$329.18 Million

About Industrivarden AB ser. C

ST:INDU-C Sweden Asset Management

Market Cap

$11.17 Billion

Skr103.79 Billion SEK

Market Cap Rank

#2061 Global

#28 in Sweden

Share Price

Skr482.10

Change (1 day)

+1.69%

52-Week Range

Skr335.70 - Skr511.80

All Time High

Skr511.80