Cibus Nordic Real Estate AB (publ)
Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high-quality properties in Europe with grocery retail chains as anchor tenants. The company currently owns about 650 properties in Europe. The largest tenants are Kesko, Tokmanni, Coop, S Group, Rema 1000, Salling Group, Lidl, Dagrofa and Carrefour.
Cibus Nordic Real Estate AB (publ) (CIBUS) - Net Assets
Latest net assets as of September 2025: Skr968.00 Million SEK
Based on the latest financial reports, Cibus Nordic Real Estate AB (publ) (CIBUS) has net assets worth Skr968.00 Million SEK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr2.63 Billion) and total liabilities (Skr1.67 Billion). 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 | Skr968.00 Million |
| % of Total Assets | 36.76% |
| Annual Growth Rate | 11.35% |
| 5-Year Change | 54.74% |
| 10-Year Change | N/A |
| Growth Volatility | 14.66 |
Cibus Nordic Real Estate AB (publ) - Net Assets Trend (2017–2024)
This chart illustrates how Cibus Nordic Real Estate AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cibus Nordic Real Estate AB (publ) (2017–2024)
The table below shows the annual net assets of Cibus Nordic Real Estate AB (publ) from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr708.74 Million | +2.24% |
| 2023-12-31 | Skr693.19 Million | -0.66% |
| 2022-12-31 | Skr697.81 Million | +19.64% |
| 2021-12-31 | Skr583.26 Million | +27.34% |
| 2020-12-31 | Skr458.03 Million | +37.60% |
| 2019-12-31 | Skr332.87 Million | +1.27% |
| 2018-12-31 | Skr328.68 Million | -1.59% |
| 2017-12-31 | Skr333.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cibus Nordic Real Estate AB (publ)'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 decreased by 287.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr629.00K | 0.09% |
| Other Comprehensive Income | Skr21.70 Million | 3.06% |
| Other Components | Skr748.22 Million | 105.57% |
| Total Equity | Skr708.74 Million | 100.00% |
Cibus Nordic Real Estate AB (publ) Competitors by Market Cap
The table below lists competitors of Cibus Nordic Real Estate AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elgi Equipments Limited
NSE:ELGIEQUIP
|
$1.04 Billion |
|
Develia S.A
WAR:DVL
|
$1.04 Billion |
|
Anhui Expressway Company Limited
F:HU7
|
$1.04 Billion |
|
Amplifon S.p.A.
LSE:0N61
|
$1.04 Billion |
|
SCHOUW A/S DK 10
F:5RF
|
$1.04 Billion |
|
CP AXTRA PUBLIC THAI NVDR
BK:CPAXT-R
|
$1.04 Billion |
|
BORA PHARMACEUTICALS LTD
TW:6472
|
$1.04 Billion |
|
Datang HuaYin Electric Power Co Ltd
SHG:600744
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cibus Nordic Real Estate AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 693,189,000 to 708,738,000, a change of 15,549,000 (2.2%).
- Net loss of 4,759,000 reduced equity.
- Dividend payments of 52,839,000 reduced retained earnings.
- Share repurchases of 82,422,000 reduced equity.
- New share issuances of 82,422,000 increased equity.
- Other comprehensive income decreased equity by 3,964,000.
- Other factors increased equity by 77,111,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-4.76 Million | -0.67% |
| Dividends Paid | Skr52.84 Million | -7.46% |
| Share Repurchases | Skr82.42 Million | -11.63% |
| Share Issuances | Skr82.42 Million | +11.63% |
| Other Comprehensive Income | Skr-3.96 Million | -0.56% |
| Other Changes | Skr77.11 Million | +10.88% |
| Total Change | Skr- | 2.24% |
Book Value vs Market Value Analysis
This analysis compares Cibus Nordic Real Estate AB (publ)'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: 11.94x
- 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 13.37x to 11.94x 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 | Skr10.74 | Skr143.60 | x |
| 2018-12-31 | Skr10.57 | Skr143.60 | x |
| 2019-12-31 | Skr10.70 | Skr143.60 | x |
| 2020-12-31 | Skr12.56 | Skr143.60 | x |
| 2021-12-31 | Skr14.48 | Skr143.60 | x |
| 2022-12-31 | Skr14.71 | Skr143.60 | x |
| 2023-12-31 | Skr12.73 | Skr143.60 | x |
| 2024-12-31 | Skr12.02 | Skr143.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cibus Nordic Real Estate AB (publ) 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): -0.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.34%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.74x
- Recent ROE (-0.67%) is below the historical average (7.51%), 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 | 9.85% | 187.96% | 0.02x | 2.37x | Skr-496.40K |
| 2018 | 16.89% | 99.70% | 0.07x | 2.58x | Skr22.65 Million |
| 2019 | 9.10% | 50.30% | 0.07x | 2.74x | Skr-3.01 Million |
| 2020 | 7.55% | 46.51% | 0.06x | 2.89x | Skr-11.21 Million |
| 2021 | 8.81% | 54.79% | 0.06x | 2.69x | Skr-6.96 Million |
| 2022 | 11.46% | 64.50% | 0.06x | 2.77x | Skr10.21 Million |
| 2023 | -2.87% | -14.23% | 0.08x | 2.67x | Skr-89.24 Million |
| 2024 | -0.67% | -3.34% | 0.07x | 2.74x | Skr-75.63 Million |
Industry Comparison
This section compares Cibus Nordic Real Estate AB (publ)'s net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $6,424,963,556
- Average return on equity (ROE) among peers: -2.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cibus Nordic Real Estate AB (publ) (CIBUS) | Skr968.00 Million | 9.85% | 1.72x | $1.04 Billion |
| Acrinova AB (ACRI-A) | $558.81 Million | 10.73% | 0.84x | $22.03 Million |
| Acrinova AB Series B (ACRI-B) | $962.26 Million | 3.73% | 1.27x | $29.98 Million |
| Catena AB (CATE) | $17.39 Billion | 5.67% | 0.93x | $2.39 Billion |
| Corem Property Group AB (publ) (CORE-D) | $2.10 Billion | 20.99% | 2.13x | $15.76 Billion |
| Dios Fastigheter AB (DIOS) | $10.97 Billion | -7.75% | 1.89x | $590.09 Million |
| FastPartner AB (publ) (FPAR-A) | $7.61 Billion | 19.07% | 1.76x | $179.83 Million |
| FastPartner AB Series D (FPAR-D) | $12.63 Billion | 24.91% | 1.37x | $295.16 Million |
| John Mattson Fastighetsforetagen AB (JOMA) | $5.60 Billion | -22.44% | 1.60x | $184.40 Million |
| Stendörren Fastigheter AB (publ) (STEF-B) | $13.90 Million | -79.86% | 0.49x | $288.80 Million |