Sandvik AB (SAND) - Net Assets

Latest as of December 2025: Skr93.24 Billion SEK ≈ $10.03 Billion USD

Based on the latest financial reports, Sandvik AB (SAND) has net assets worth Skr93.24 Billion SEK (≈ $10.03 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 (Skr169.86 Billion ≈ $18.28 Billion USD) and total liabilities (Skr76.62 Billion ≈ $8.25 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 Sandvik AB liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr93.24 Billion
% of Total Assets	54.89%
Annual Growth Rate	5.68%
5-Year Change	20.57%
10-Year Change	137.3%
Growth Volatility	10.11

Sandvik AB - Net Assets Trend (2000–2025)

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

Annual Net Assets for Sandvik AB (2000–2025)

The table below shows the annual net assets of Sandvik AB from 2000 to 2025. For live valuation and market cap data, see market cap of Sandvik AB.

Year	Net Assets	Change
2025-12-31	Skr93.24 Billion ≈ $10.03 Billion	-3.88%
2024-12-31	Skr97.00 Billion ≈ $10.44 Billion	+10.61%
2023-12-31	Skr87.70 Billion ≈ $9.44 Billion	+7.91%
2022-12-31	Skr81.27 Billion ≈ $8.75 Billion	+5.09%
2021-12-31	Skr77.33 Billion ≈ $8.32 Billion	+18.82%
2020-12-31	Skr65.08 Billion ≈ $7.00 Billion	+5.21%
2019-12-31	Skr61.86 Billion ≈ $6.66 Billion	+5.71%
2018-12-31	Skr58.52 Billion ≈ $6.30 Billion	+19.99%
2017-12-31	Skr48.77 Billion ≈ $5.25 Billion	+24.13%
2016-12-31	Skr39.29 Billion ≈ $4.23 Billion	+15.36%
2015-12-31	Skr34.06 Billion ≈ $3.67 Billion	-7.12%
2014-12-31	Skr36.67 Billion ≈ $3.95 Billion	+9.11%
2013-12-31	Skr33.61 Billion ≈ $3.62 Billion	-7.24%
2012-12-31	Skr36.23 Billion ≈ $3.90 Billion	+6.91%
2011-12-31	Skr33.89 Billion ≈ $3.65 Billion	+0.23%
2010-12-31	Skr33.81 Billion ≈ $3.64 Billion	+12.87%
2009-12-31	Skr29.96 Billion ≈ $3.22 Billion	-18.43%
2008-12-31	Skr36.73 Billion ≈ $3.95 Billion	+23.14%
2007-12-31	Skr29.82 Billion ≈ $3.21 Billion	+9.65%
2006-12-31	Skr27.20 Billion ≈ $2.93 Billion	+10.98%
2005-12-31	Skr24.51 Billion ≈ $2.64 Billion	+7.42%
2004-12-31	Skr22.82 Billion ≈ $2.46 Billion	+2.37%
2003-12-31	Skr22.29 Billion ≈ $2.40 Billion	-7.79%
2002-12-31	Skr24.17 Billion ≈ $2.60 Billion	-3.09%
2001-12-31	Skr24.94 Billion ≈ $2.68 Billion	+6.56%
2000-12-31	Skr23.40 Billion ≈ $2.52 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Sandvik 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 grown by 671.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Skr80.35 Billion	86.24%
Common Stock	Skr1.50 Billion	1.62%
Other Comprehensive Income	Skr3.63 Billion	3.90%
Other Components	Skr7.68 Billion	8.24%
Total Equity	Skr93.17 Billion	100.00%

Sandvik AB Competitors by Market Cap

The table below lists competitors of Sandvik AB ranked by their market capitalization.

Company	Market Cap
Infosys Limited NSE:INFY	$51.72 Billion
MetLife Inc NYSE:MET	$51.78 Billion
SOFTBANK CORP. ADR F:3AG0	$52.06 Billion
DSV ADR 2 DK 1 F:DS8	$52.08 Billion
Fastenal Company NASDAQ:FAST	$51.57 Billion
Cameco Corp TO:CCO	$51.55 Billion
L3Harris Technologies Inc NYSE:LHX	$51.53 Billion
E.ON SE F:EOAA	$51.50 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 96,924,000,000 to 93,166,000,000, a change of -3,758,000,000 (-3.9%).
Net income of 14,690,000,000 contributed positively to equity growth.
Dividend payments of 7,203,000,000 reduced retained earnings.
Share repurchases of 6,000,000 reduced equity.
Other comprehensive income decreased equity by 12,327,000,000.
Other factors increased equity by 1,088,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr14.69 Billion	+15.77%
Dividends Paid	Skr7.20 Billion	-7.73%
Share Repurchases	Skr6.00 Million	-0.01%
Other Comprehensive Income	Skr-12.33 Billion	-13.23%
Other Changes	Skr1.09 Billion	+1.17%
Total Change	Skr-	-3.88%

Book Value vs Market Value Analysis

This analysis compares Sandvik 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: 5.16x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 19.97x to 5.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	Skr19.18	Skr383.10	x
2006-12-31	Skr21.96	Skr383.10	x
2007-12-31	Skr24.08	Skr383.10	x
2008-12-31	Skr29.98	Skr383.10	x
2009-12-31	Skr24.44	Skr383.10	x
2010-12-31	Skr27.46	Skr383.10	x
2011-12-31	Skr27.39	Skr383.10	x
2012-12-31	Skr29.00	Skr383.10	x
2013-12-31	Skr26.71	Skr383.10	x
2014-12-31	Skr29.13	Skr383.10	x
2015-12-31	Skr27.09	Skr383.10	x
2016-12-31	Skr31.25	Skr383.10	x
2017-12-31	Skr38.80	Skr383.10	x
2018-12-31	Skr46.50	Skr383.10	x
2019-12-31	Skr49.21	Skr383.10	x
2020-12-31	Skr51.81	Skr383.10	x
2021-12-31	Skr61.47	Skr383.10	x
2022-12-31	Skr64.71	Skr383.10	x
2023-12-31	Skr69.77	Skr383.10	x
2024-12-31	Skr77.17	Skr383.10	x
2025-12-31	Skr74.21	Skr383.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sandvik 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): 15.77%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.17%
• Asset Turnover: 0.71x
• Equity Multiplier: 1.82x
Recent ROE (15.77%) is below the historical average (17.44%), 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	14.81%	7.06%	0.97x	2.16x	Skr1.12 Billion
2003	13.00%	5.71%	1.01x	2.26x	Skr644.00 Million
2004	20.37%	8.15%	1.07x	2.34x	Skr2.27 Billion
2005	27.21%	10.09%	1.06x	2.54x	Skr4.04 Billion
2006	31.01%	11.21%	1.10x	2.52x	Skr5.49 Billion
2007	31.86%	10.56%	1.01x	2.99x	Skr6.25 Billion
2008	22.02%	8.46%	0.90x	2.90x	Skr4.28 Billion
2009	-8.96%	-3.61%	0.79x	3.16x	Skr-5.49 Billion
2010	20.36%	8.03%	0.92x	2.76x	Skr3.38 Billion
2011	18.04%	6.23%	0.95x	3.04x	Skr2.61 Billion
2012	22.44%	8.23%	0.95x	2.88x	Skr4.49 Billion
2013	14.96%	5.74%	0.93x	2.80x	Skr1.66 Billion
2014	16.45%	6.77%	0.84x	2.91x	Skr2.36 Billion
2015	6.61%	2.62%	0.85x	2.98x	Skr-1.15 Billion
2016	14.05%	6.75%	0.79x	2.64x	Skr1.59 Billion
2017	27.07%	14.52%	0.85x	2.19x	Skr8.32 Billion
2018	21.74%	12.70%	0.85x	2.02x	Skr6.87 Billion
2019	13.81%	8.27%	0.86x	1.95x	Skr2.35 Billion
2020	13.42%	10.11%	0.73x	1.83x	Skr2.23 Billion
2021	18.73%	14.59%	0.64x	2.01x	Skr6.74 Billion
2022	13.80%	9.98%	0.64x	2.18x	Skr3.09 Billion
2023	17.46%	12.09%	0.73x	1.99x	Skr6.54 Billion
2024	12.63%	9.96%	0.67x	1.90x	Skr2.55 Billion
2025	15.77%	12.17%	0.71x	1.82x	Skr5.37 Billion

Industry Comparison

This section compares Sandvik AB's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $11,016,028,885
Average return on equity (ROE) among peers: -12.79%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sandvik AB (SAND)	Skr93.24 Billion	14.81%	0.82x	$51.72 Billion
Alfa Laval AB (ALFA)	$18.42 Billion	20.84%	1.82x	$24.38 Billion
Alimak Hek Group AB (ALIG)	$4.38 Billion	8.59%	2.27x	$1.24 Billion
Atlas Copco AB Series A (ATCO-A)	$53.18 Billion	22.44%	1.18x	$62.05 Billion
Atlas Copco AB Series B (ATCO-B)	$29.32 Billion	33.84%	1.44x	$26.01 Billion
Beijer Alma AB (publ) (BEIA-B)	$962.85 Million	22.51%	0.52x	$1.68 Billion
BoMill AB (BOMILL)	$13.72 Million	-186.29%	0.61x	$5.86 Million
Cavotec SA (CCC)	$100.04 Million	-18.44%	1.30x	$148.12 Million
Electrolux Professional AB (publ) (EPRO-B)	$3.53 Billion	26.99%	1.15x	$1.39 Billion
FlexQube AB (FLEXQ)	$69.33 Million	-10.19%	1.22x	$35.77 Million
Freemelt Holding AB (FREEM)	$189.35 Million	-48.16%	0.09x	$30.02 Million

About Sandvik AB

ST:SAND Sweden Specialty Industrial Machinery

Market Cap

$51.72 Billion

Skr480.56 Billion SEK

Market Cap Rank

#511 Global

#4 in Sweden

Share Price

Skr383.10

Change (1 day)

+0.74%

52-Week Range

Skr201.00 - Skr404.30

All Time High

Skr404.30