Kardex

SW:KARN Switzerland Specialty Industrial Machinery
Market Cap
$2.13 Billion
CHF1.95 Billion CHF
Market Cap Rank
#5717 Global
#33 in Switzerland
Share Price
CHF252.50
Change (1 day)
+0.80%
52-Week Range
CHF192.40 - CHF335.00
All Time High
CHF335.00
Categories
Companies in Switzerland Specialty Industrial Machinery
About

Kardex Holding AG provides intralogistics solutions, automated storage solutions, and materials handling systems worldwide. It operates through two segments, Automated Products and Standardized Systems. The company develops, produces, and maintains dynamic storage and retrieval systems; offers integrated material handling systems and automated high bay warehouses; and storage and picking solution… Read more

Kardex (KARN) - Net Assets

Latest net assets as of June 2025: CHF263.40 Million CHF

Based on the latest financial reports, Kardex (KARN) has net assets worth CHF263.40 Million CHF as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF494.60 Million) and total liabilities (CHF231.20 Million). 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 CHF263.40 Million
% of Total Assets 53.26%
Annual Growth Rate 4.55%
5-Year Change 63.45%
10-Year Change 120.17%
Growth Volatility 21.99

Kardex - Net Assets Trend (2002–2024)

This chart illustrates how Kardex's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Kardex (2002–2024)

The table below shows the annual net assets of Kardex from 2002 to 2024.

Year Net Assets Change
2024-12-31 CHF284.90 Million +18.66%
2023-12-31 CHF240.10 Million +17.35%
2022-12-31 CHF204.60 Million +5.52%
2021-12-31 CHF193.90 Million +11.24%
2020-12-31 CHF174.30 Million +1.34%
2019-12-31 CHF172.00 Million +12.20%
2018-12-31 CHF153.30 Million +10.29%
2017-12-31 CHF139.00 Million +0.58%
2016-12-31 CHF138.20 Million +6.80%
2015-12-31 CHF129.40 Million +11.74%
2014-12-31 CHF115.80 Million +8.33%
2013-12-31 CHF106.90 Million +25.18%
2012-12-31 CHF85.40 Million +32.40%
2011-12-31 CHF64.50 Million -30.35%
2010-12-31 CHF92.60 Million -5.61%
2009-12-31 CHF98.10 Million -8.57%
2008-12-31 CHF107.30 Million +44.61%
2007-12-31 CHF74.20 Million +32.97%
2006-12-31 CHF55.80 Million -38.21%
2005-12-31 CHF90.30 Million -38.45%
2004-12-31 CHF146.70 Million +41.16%
2003-12-31 CHF103.92 Million -2.98%
2002-12-31 CHF107.12 Million --

Equity Component Analysis

This analysis shows how different components contribute to Kardex'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 30519779095.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CHF294.50 Million 103.73%
Common Stock CHF2.50 Million 0.88%
Total Equity CHF283.90 Million 100.00%

Kardex Competitors by Market Cap

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

Company Market Cap
PT Aneka Tambang Tbk
F:AKTA
 		$1.55 Billion
Greenbrier Companies Inc
NYSE:GBX
 		$1.55 Billion
AVIC (Chengdu) UAS Co. Ltd. A
SHG:688297
 		$1.55 Billion
Tongyu Heavy Industry
SHE:300185
 		$1.55 Billion
SHANGHAI JUNSHI BIO YC1
F:8SJ
 		$1.55 Billion
Aboitiz Equity Ventures Inc
PINK:ABOIF
 		$1.55 Billion
Ströer SE & Co. KGaA
PINK:SOTDF
 		$1.55 Billion
Liveramp Holdings Inc
NYSE:RAMP
 		$1.55 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 239,100,000 to 283,900,000, a change of 44,800,000 (18.7%).
  • Net income of 80,700,000 contributed positively to equity growth.
  • Dividend payments of 39,400,000 reduced retained earnings.
  • Other comprehensive income increased equity by 11,900,000.
  • Other factors decreased equity by 8,400,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CHF80.70 Million +28.43%
Dividends Paid CHF39.40 Million -13.88%
Other Comprehensive Income CHF11.90 Million +4.19%
Other Changes CHF-8.40 Million -2.96%
Total Change CHF- 18.74%

Book Value vs Market Value Analysis

This analysis compares Kardex'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: 6.87x
  • 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 increased from 0.91x to 6.87x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 CHF277.29 CHF252.50 x
2003-12-31 CHF276.73 CHF252.50 x
2004-12-31 CHF29.49 CHF252.50 x
2005-12-31 CHF16.03 CHF252.50 x
2006-12-31 CHF9.92 CHF252.50 x
2007-12-31 CHF12.39 CHF252.50 x
2008-12-31 CHF17.20 CHF252.50 x
2009-12-31 CHF15.73 CHF252.50 x
2010-12-31 CHF16.54 CHF252.50 x
2011-12-31 CHF10.22 CHF252.50 x
2012-12-31 CHF11.06 CHF252.50 x
2013-12-31 CHF13.85 CHF252.50 x
2014-12-31 CHF14.98 CHF252.50 x
2015-12-31 CHF16.74 CHF252.50 x
2016-12-31 CHF17.88 CHF252.50 x
2017-12-31 CHF18.02 CHF252.50 x
2018-12-31 CHF19.87 CHF252.50 x
2019-12-31 CHF22.22 CHF252.50 x
2020-12-31 CHF22.55 CHF252.50 x
2021-12-31 CHF25.13 CHF252.50 x
2022-12-31 CHF26.44 CHF252.50 x
2023-12-31 CHF30.99 CHF252.50 x
2024-12-31 CHF36.78 CHF252.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kardex 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): 28.43%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.20%
  • • Asset Turnover: 1.60x
  • • Equity Multiplier: 1.74x
  • Recent ROE (28.43%) is above the historical average (17.49%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 1.99% 0.55% 1.26x 2.89x CHF-8.33 Million
2003 4.99% 1.32% 1.32x 2.86x CHF-5.20 Million
2004 4.63% 1.71% 1.21x 2.24x CHF-7.87 Million
2005 -37.87% -8.04% 1.48x 3.17x CHF-43.23 Million
2006 59.50% 8.76% 1.30x 5.21x CHF27.62 Million
2007 29.38% 5.16% 1.67x 3.40x CHF14.38 Million
2008 30.75% 7.17% 1.65x 2.60x CHF22.27 Million
2009 0.82% 0.23% 1.41x 2.48x CHF-9.01 Million
2010 -10.58% -2.75% 1.15x 3.33x CHF-19.06 Million
2011 4.65% 0.65% 1.82x 3.91x CHF-3.45 Million
2012 25.06% 4.42% 2.05x 2.76x CHF12.86 Million
2013 29.47% 7.89% 2.09x 1.79x CHF20.81 Million
2014 20.55% 7.73% 1.58x 1.68x CHF12.22 Million
2015 22.02% 8.43% 1.53x 1.70x CHF15.56 Million
2016 22.29% 8.59% 1.55x 1.68x CHF16.98 Million
2017 22.88% 8.46% 1.57x 1.73x CHF17.90 Million
2018 24.98% 9.05% 1.60x 1.73x CHF22.97 Million
2019 25.89% 9.42% 1.63x 1.69x CHF27.25 Million
2020 23.40% 9.86% 1.49x 1.59x CHF23.31 Million
2021 22.65% 9.64% 1.35x 1.74x CHF24.52 Million
2022 18.54% 6.68% 1.55x 1.79x CHF17.41 Million
2023 27.85% 9.48% 1.66x 1.77x CHF42.69 Million
2024 28.43% 10.20% 1.60x 1.74x CHF52.31 Million

Industry Comparison

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

Industry Context

  • Industry: Specialty Industrial Machinery
  • Average net assets among peers: $269,922,556
  • Average return on equity (ROE) among peers: 15.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Kardex (KARN) CHF263.40 Million 1.99% 0.88x $1.55 Billion
Accelleron Industries AG (ACLN) $349.19 Million 48.71% 2.53x $6.75 Billion
Burckhardt Compression (BCHN) $234.85 Million 23.83% 1.00x $1.75 Billion
Bystronic AG (BYS) $724.20 Million 5.05% 0.58x $145.95 Million
Klingelnberg AG (KLIN) $162.97 Million 11.79% 0.57x $41.57 Million
Mikron Holding AG (MIKN) $153.45 Million 1.56% 0.51x $105.11 Million
Meier Tobler Group AG (MTG) $138.00 Million 15.43% 1.55x $152.99 Million
Perrot Duval Holding SA (PEDU) $4.69 Million 14.83% 5.92x $3.59 Million
PHOENIX N AG (PMN) $192.35 Million 4.70% 1.83x $269.66 Million
Rieter Holding AG (RIEN) $469.60 Million 11.16% 1.09x $15.45 Million