Kardex (KARN) - Net Assets

Latest as of December 2025: CHF269.49 Million CHF ≈ $340.71 Million USD

Based on the latest financial reports, Kardex (KARN) has net assets worth CHF269.49 Million CHF (≈ $340.71 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF502.61 Million ≈ $635.43 Million USD) and total liabilities (CHF233.12 Million ≈ $294.72 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. Explore KARN cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets CHF269.49 Million
% of Total Assets 53.62%
Annual Growth Rate 4.09%
5-Year Change 38.98%
10-Year Change 95.0%
Growth Volatility 21.65

Kardex - Net Assets Trend (2002–2025)

This chart illustrates how Kardex's net assets have evolved over time, based on quarterly financial data. Explore Kardex long-term investment intensity to see how much of total assets are deployed in long-term investments.

Annual Net Assets for Kardex (2002–2025)

The table below shows the annual net assets of Kardex from 2002 to 2025. For live valuation and market cap data, see Kardex stock valuation.

Year Net Assets Change
2025-12-31 CHF269.49 Million
≈ $340.71 Million		 -5.41%
2024-12-31 CHF284.90 Million
≈ $360.19 Million		 +18.66%
2023-12-31 CHF240.10 Million
≈ $303.55 Million		 +17.35%
2022-12-31 CHF204.60 Million
≈ $258.67 Million		 +5.52%
2021-12-31 CHF193.90 Million
≈ $245.14 Million		 +11.24%
2020-12-31 CHF174.30 Million
≈ $220.36 Million		 +1.34%
2019-12-31 CHF172.00 Million
≈ $217.45 Million		 +12.20%
2018-12-31 CHF153.30 Million
≈ $193.81 Million		 +10.29%
2017-12-31 CHF139.00 Million
≈ $175.73 Million		 +0.58%
2016-12-31 CHF138.20 Million
≈ $174.72 Million		 +6.80%
2015-12-31 CHF129.40 Million
≈ $163.60 Million		 +11.74%
2014-12-31 CHF115.80 Million
≈ $146.40 Million		 +8.33%
2013-12-31 CHF106.90 Million
≈ $135.15 Million		 +25.18%
2012-12-31 CHF85.40 Million
≈ $107.97 Million		 +32.40%
2011-12-31 CHF64.50 Million
≈ $81.55 Million		 -30.35%
2010-12-31 CHF92.60 Million
≈ $117.07 Million		 -5.61%
2009-12-31 CHF98.10 Million
≈ $124.02 Million		 -8.57%
2008-12-31 CHF107.30 Million
≈ $135.66 Million		 +44.61%
2007-12-31 CHF74.20 Million
≈ $93.81 Million		 +32.97%
2006-12-31 CHF55.80 Million
≈ $70.55 Million		 -38.21%
2005-12-31 CHF90.30 Million
≈ $114.16 Million		 -38.45%
2004-12-31 CHF146.70 Million
≈ $185.47 Million		 +41.16%
2003-12-31 CHF103.92 Million
≈ $131.39 Million		 -2.98%
2002-12-31 CHF107.12 Million
≈ $135.43 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 24991078495.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CHF239.21 Million 89.23%
Common Stock CHF2.50 Million 0.93%
Other Comprehensive Income CHF28.98 Million 10.81%
Total Equity CHF268.09 Million 100.00%

Kardex Competitors by Market Cap

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

Company Market Cap
SHARP CORP. ADR/1 O.N.
F:SRPB
 $2.11 Billion
McGraw Hill, Inc.
NYSE:MH
 $2.11 Billion
Computer Age Management Services Limited
NSE:CAMS
 $2.11 Billion
China Tianying Inc
SHE:000035
 $2.11 Billion
Shenyang Machine Tool Co Ltd
SHE:000410
 $2.11 Billion
Headwater Exploration Inc
TO:HWX
 $2.11 Billion
4iG Nyrt.
BUD:4IG
 $2.11 Billion
TietoEVRY Corp
HE:TIETO
 $2.11 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 2024 to 2025, total equity changed from 283,900,000 to 268,090,419, a change of -15,809,581 (-5.6%).
  • Net income of 41,871,755 contributed positively to equity growth.
  • Dividend payments of 48,816,830 reduced retained earnings.
  • Share repurchases of 1,711,105 reduced equity.
  • Other comprehensive income increased equity by 28,977,346.
  • Other factors decreased equity by 36,130,747.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CHF41.87 Million +15.62%
Dividends Paid CHF48.82 Million -18.21%
Share Repurchases CHF1.71 Million -0.64%
Other Comprehensive Income CHF28.98 Million +10.81%
Other Changes CHF-36.13 Million -13.48%
Total Change CHF- -5.57%

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: 7.83x
  • 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 0.98x to 7.83x 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 CHF272.00 x
2003-12-31 CHF276.73 CHF272.00 x
2004-12-31 CHF29.49 CHF272.00 x
2005-12-31 CHF16.03 CHF272.00 x
2006-12-31 CHF9.92 CHF272.00 x
2007-12-31 CHF12.39 CHF272.00 x
2008-12-31 CHF17.20 CHF272.00 x
2009-12-31 CHF15.73 CHF272.00 x
2010-12-31 CHF16.54 CHF272.00 x
2011-12-31 CHF10.22 CHF272.00 x
2012-12-31 CHF11.06 CHF272.00 x
2013-12-31 CHF13.85 CHF272.00 x
2014-12-31 CHF14.98 CHF272.00 x
2015-12-31 CHF16.74 CHF272.00 x
2016-12-31 CHF17.88 CHF272.00 x
2017-12-31 CHF18.02 CHF272.00 x
2018-12-31 CHF19.87 CHF272.00 x
2019-12-31 CHF22.22 CHF272.00 x
2020-12-31 CHF22.55 CHF272.00 x
2021-12-31 CHF25.13 CHF272.00 x
2022-12-31 CHF26.44 CHF272.00 x
2023-12-31 CHF30.99 CHF272.00 x
2024-12-31 CHF36.78 CHF272.00 x
2025-12-31 CHF34.75 CHF272.00 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): 15.62%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.90%
  • • Asset Turnover: 1.70x
  • • Equity Multiplier: 1.87x
  • Recent ROE (15.62%) is below the historical average (17.41%), 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 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
2025 15.62% 4.90% 1.70x 1.87x CHF15.06 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: $442,587,556
  • Average return on equity (ROE) among peers: 6.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Kardex (KARN) CHF269.49 Million 1.99% 0.87x $2.11 Billion
Accelleron Industries AG (ACLN) $302.90 Million 33.41% 2.98x $6.18 Billion
Burckhardt Compression (BCHN) $358.49 Million 15.04% 0.80x $1.77 Billion
Bucher Industries AG (BUCN) $487.60 Million 7.55% 1.87x $3.07 Billion
Bystronic AG (BYS) $715.90 Million 6.28% 0.36x $458.48 Million
Feintool International Holding (FTON) $142.26 Million -47.41% 1.61x $147.25 Million
Georg Fischer AG (GF) $1.40 Billion 4.91% 1.34x $3.62 Billion
Interroll Holding AG (INRN) $159.36 Million 12.17% 0.42x $1.39 Billion
Klingelnberg AG (KLIN) $126.61 Million 16.39% 1.25x $90.17 Million
Komax Holding AG (KOMN) $286.17 Million 9.48% 0.36x $295.64 Million

About Kardex

SW:KARN Switzerland Specialty Industrial Machinery
Market Cap
$2.65 Billion
CHF2.10 Billion CHF
Market Cap Rank
#6163 Global
#89 in Switzerland
Share Price
CHF272.00
Change (1 day)
+0.37%
52-Week Range
CHF233.50 - CHF335.00
All Time High
CHF335.00
Categories
Companies in Switzerland Specialty Industrial Machinery
About

Kardex Holding AG provides intralogistics solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through two segments, Automated Products and Standardized Systems. The company provides intelligent entry into automation with its dynamic storage and retrieval systems; offers integrated material handling systems, multi-shuttle technology, small parts storage sy… Read more