Nimbus Group AB (BOAT) - Net Assets
Based on the latest financial reports, Nimbus Group AB (BOAT) has net assets worth Skr980.13 Million SEK (≈ $105.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr1.85 Billion ≈ $199.60 Million USD) and total liabilities (Skr874.57 Million ≈ $94.12 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 tangible net worth ratio of Nimbus Group AB to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr980.13 Million |
| % of Total Assets | 52.85% |
| Annual Growth Rate | 41.98% |
| 5-Year Change | 62.96% |
| 10-Year Change | N/A |
| Growth Volatility | 44.79 |
Nimbus Group AB - Net Assets Trend (2017–2025)
This chart illustrates how Nimbus Group AB's net assets have evolved over time, based on quarterly financial data. See Nimbus Group AB defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nimbus Group AB (2017–2025)
The table below shows the annual net assets of Nimbus Group AB from 2017 to 2025. For live valuation and market cap data, see BOAT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr986.03 Million ≈ $106.11 Million |
-14.68% |
| 2024-12-31 | Skr1.16 Billion ≈ $124.38 Million |
+33.92% |
| 2023-12-31 | Skr862.99 Million ≈ $92.87 Million |
+15.29% |
| 2022-12-31 | Skr748.53 Million ≈ $80.55 Million |
+23.71% |
| 2021-12-31 | Skr605.09 Million ≈ $65.12 Million |
+128.90% |
| 2020-12-31 | Skr264.34 Million ≈ $28.45 Million |
+85.73% |
| 2019-12-31 | Skr142.32 Million ≈ $15.32 Million |
+25.32% |
| 2018-12-31 | Skr113.56 Million ≈ $12.22 Million |
+90.17% |
| 2017-12-31 | Skr59.72 Million ≈ $6.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nimbus Group 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 794.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr427.24 Million | 43.33% |
| Common Stock | Skr2.37 Million | 0.24% |
| Other Components | Skr556.43 Million | 56.43% |
| Total Equity | Skr986.03 Million | 100.00% |
Nimbus Group AB Competitors by Market Cap
The table below lists competitors of Nimbus Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HSS Engineers Bhd
KLSE:0185
|
$58.72 Million |
|
Cloudpoint Technology Berhad
KLSE:0277
|
$58.73 Million |
|
Sempio Foods
KO:007540
|
$58.73 Million |
|
eMedia Holdings Limited
JSE:EMN
|
$58.74 Million |
|
BII Railway Transportation Technology Holdings Company Limited
F:CN6
|
$58.72 Million |
|
Ilyda SA
AT:ILYDA
|
$58.70 Million |
|
Smart Digital Group Limited Ordinary Shares
NASDAQ:SDM
|
$58.69 Million |
|
As Commercial Industrial Company of Computers and Toys S.A.
AT:ASCO
|
$58.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nimbus Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,155,750,000 to 986,034,000, a change of -169,716,000 (-14.7%).
- Net loss of 167,698,000 reduced equity.
- New share issuances of 345,598,000 increased equity.
- Other comprehensive income decreased equity by 367,129,000.
- Other factors increased equity by 19,513,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-167.70 Million | -17.01% |
| Share Issuances | Skr345.60 Million | +35.05% |
| Other Comprehensive Income | Skr-367.13 Million | -37.23% |
| Other Changes | Skr19.51 Million | +1.98% |
| Total Change | Skr- | -14.68% |
Book Value vs Market Value Analysis
This analysis compares Nimbus Group 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: 0.55x
- 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 8.31x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Skr1.54 | Skr12.80 | x |
| 2018-12-31 | Skr2.93 | Skr12.80 | x |
| 2019-12-31 | Skr3.67 | Skr12.80 | x |
| 2020-12-31 | Skr9.01 | Skr12.80 | x |
| 2021-12-31 | Skr16.12 | Skr12.80 | x |
| 2022-12-31 | Skr19.31 | Skr12.80 | x |
| 2023-12-31 | Skr20.28 | Skr12.80 | x |
| 2024-12-31 | Skr27.09 | Skr12.80 | x |
| 2025-12-31 | Skr23.17 | Skr12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nimbus Group 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): -17.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.27%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.80x
- Recent ROE (-17.01%) is below the historical average (9.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 4.07% | 0.64% | 1.64x | 3.88x | Skr-3.54 Million |
| 2018 | 11.58% | 2.77% | 0.73x | 5.72x | Skr1.79 Million |
| 2019 | 16.82% | 2.57% | 1.42x | 4.62x | Skr9.70 Million |
| 2020 | 29.02% | 8.27% | 1.34x | 2.62x | Skr50.28 Million |
| 2021 | 21.98% | 9.14% | 1.19x | 2.03x | Skr72.50 Million |
| 2022 | 19.99% | 8.55% | 1.11x | 2.10x | Skr74.79 Million |
| 2023 | 5.22% | 2.37% | 0.94x | 2.33x | Skr-41.25 Million |
| 2024 | -5.32% | -3.79% | 0.68x | 2.07x | Skr-177.00 Million |
| 2025 | -17.01% | -12.27% | 0.77x | 1.80x | Skr-266.30 Million |
Industry Comparison
This section compares Nimbus Group AB's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $602,295,000
- Average return on equity (ROE) among peers: 15.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nimbus Group AB (BOAT) | Skr980.13 Million | 4.07% | 0.89x | $58.72 Million |
| KABE Group AB (publ.) (KABE-B) | $602.29 Million | 15.30% | 0.52x | $163.17 Million |
About Nimbus Group AB
Nimbus Group AB (Publ) designs, manufactures, and markets leisure motorboats in the Nordics, Europe, and the United States. The company provides its products under the Nimbus, Alukin, Aquador, Bella, Falcon, Flipper, and Paragon Yachts brand names. The company was founded in 1968 and is based in Västra Frölunda, Sweden.