Elanders AB (publ) (ELAN-B) - Net Assets

Latest as of December 2025: Skr3.51 Billion SEK ≈ $377.52 Million USD

Based on the latest financial reports, Elanders AB (publ) (ELAN-B) has net assets worth Skr3.51 Billion SEK (≈ $377.52 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 (Skr15.25 Billion ≈ $1.64 Billion USD) and total liabilities (Skr11.74 Billion ≈ $1.26 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 Elanders AB (publ) asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr3.51 Billion
% of Total Assets	23.0%
Annual Growth Rate	9.48%
5-Year Change	6.18%
10-Year Change	45.5%
Growth Volatility	17.83

Elanders AB (publ) - Net Assets Trend (2002–2025)

This chart illustrates how Elanders AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore Elanders AB (publ) balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Elanders AB (publ) (2002–2025)

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

Year	Net Assets	Change
2025-12-31	Skr3.51 Billion ≈ $377.52 Million	-14.52%
2024-12-31	Skr4.10 Billion ≈ $441.66 Million	+6.21%
2023-12-31	Skr3.86 Billion ≈ $415.85 Million	-0.16%
2022-12-31	Skr3.87 Billion ≈ $416.51 Million	+17.14%
2021-12-31	Skr3.30 Billion ≈ $355.55 Million	+13.62%
2020-12-31	Skr2.91 Billion ≈ $312.93 Million	+4.71%
2019-12-31	Skr2.78 Billion ≈ $298.84 Million	+2.57%
2018-12-31	Skr2.71 Billion ≈ $291.36 Million	+10.36%
2017-12-31	Skr2.45 Billion ≈ $264.00 Million	+1.75%
2016-12-31	Skr2.41 Billion ≈ $259.46 Million	+62.03%
2015-12-31	Skr1.49 Billion ≈ $160.13 Million	+10.41%
2014-12-31	Skr1.35 Billion ≈ $145.03 Million	+29.76%
2013-12-31	Skr1.04 Billion ≈ $111.77 Million	+8.89%
2012-12-31	Skr953.78 Million ≈ $102.64 Million	+8.43%
2011-12-31	Skr879.62 Million ≈ $94.66 Million	+7.36%
2010-12-31	Skr819.33 Million ≈ $88.17 Million	+7.09%
2009-12-31	Skr765.06 Million ≈ $82.33 Million	-12.83%
2008-12-31	Skr877.68 Million ≈ $94.45 Million	+1.52%
2007-12-31	Skr864.56 Million ≈ $93.04 Million	+55.40%
2006-12-31	Skr556.36 Million ≈ $59.87 Million	-12.76%
2005-12-31	Skr637.76 Million ≈ $68.63 Million	+19.18%
2004-12-31	Skr535.13 Million ≈ $57.59 Million	+13.38%
2003-12-31	Skr471.99 Million ≈ $50.79 Million	+8.11%
2002-12-31	Skr436.60 Million ≈ $46.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Elanders 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	Skr3.48 Billion	100.00%
Total Equity	Skr3.48 Billion	100.00%

Elanders AB (publ) Competitors by Market Cap

The table below lists competitors of Elanders AB (publ) ranked by their market capitalization.

Company	Market Cap
DAE HWA Pharmaceutical Co. Ltd KQ:067080	$174.74 Million
Universal Microelectronics Co Ltd TW:2413	$174.74 Million
Deutsche Konsum REIT AG XETRA:DKG	$174.78 Million
Caribou Biosciences Inc NASDAQ:CRBU	$174.79 Million
Ellington Residential Mortgage NYSE:EARN	$174.70 Million
IM Vinaria Purcari SRL RO:WINE	$174.68 Million
KPX Chemical KO:025000	$174.66 Million
La Française de l'Energie S.A. PA:FDE	$174.61 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,079,000,000 to 3,483,000,000, a change of -596,000,000 (-14.6%).
Net loss of 54,000,000 reduced equity.
Dividend payments of 147,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 656,000,000.
Other factors increased equity by 261,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr-54.00 Million	-1.55%
Dividends Paid	Skr147.00 Million	-4.22%
Other Comprehensive Income	Skr-656.00 Million	-18.83%
Other Changes	Skr261.00 Million	+7.49%
Total Change	Skr-	-14.61%

Book Value vs Market Value Analysis

This analysis compares Elanders 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: 0.49x
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 1.10x to 0.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	Skr44.08	Skr48.40	x
2003-12-31	Skr47.60	Skr48.40	x
2004-12-31	Skr54.03	Skr48.40	x
2005-12-31	Skr64.39	Skr48.40	x
2006-12-31	Skr53.09	Skr48.40	x
2007-12-31	Skr80.83	Skr48.40	x
2008-12-31	Skr79.98	Skr48.40	x
2009-12-31	Skr69.88	Skr48.40	x
2010-12-31	Skr59.35	Skr48.40	x
2011-12-31	Skr40.26	Skr48.40	x
2012-12-31	Skr39.39	Skr48.40	x
2013-12-31	Skr41.03	Skr48.40	x
2014-12-31	Skr49.42	Skr48.40	x
2015-12-31	Skr52.72	Skr48.40	x
2016-12-31	Skr81.58	Skr48.40	x
2017-12-31	Skr69.21	Skr48.40	x
2018-12-31	Skr76.28	Skr48.40	x
2019-12-31	Skr78.54	Skr48.40	x
2020-12-31	Skr81.65	Skr48.40	x
2021-12-31	Skr92.67	Skr48.40	x
2022-12-31	Skr108.46	Skr48.40	x
2023-12-31	Skr108.50	Skr48.40	x
2024-12-31	Skr115.36	Skr48.40	x
2025-12-31	Skr98.51	Skr48.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Elanders 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): -1.55%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.44%
• Asset Turnover: 0.80x
• Equity Multiplier: 4.38x
Recent ROE (-1.55%) is below the historical average (9.19%), 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	84.04%	17.71%	1.30x	3.64x	Skr323.24 Million
2003	9.73%	2.68%	1.14x	3.19x	Skr-1.28 Million
2004	12.27%	3.69%	1.08x	3.08x	Skr12.13 Million
2005	12.17%	3.98%	1.08x	2.83x	Skr13.84 Million
2006	-8.81%	-2.92%	1.02x	2.95x	Skr-104.66 Million
2007	19.96%	8.45%	0.92x	2.58x	Skr85.86 Million
2008	2.93%	1.17%	0.92x	2.73x	Skr-61.79 Million
2009	-9.74%	-4.23%	0.83x	2.77x	Skr-150.71 Million
2010	-10.22%	-4.91%	0.85x	2.46x	Skr-165.68 Million
2011	6.86%	3.28%	0.92x	2.28x	Skr-27.58 Million
2012	4.67%	2.31%	0.85x	2.37x	Skr-50.88 Million
2013	6.74%	3.34%	0.85x	2.37x	Skr-33.88 Million
2014	6.52%	2.35%	1.04x	2.65x	Skr-46.94 Million
2015	11.73%	4.12%	1.19x	2.39x	Skr25.71 Million
2016	9.01%	3.46%	0.93x	2.81x	Skr-23.80 Million
2017	6.72%	1.76%	1.26x	3.03x	Skr-80.20 Million
2018	9.41%	2.36%	1.39x	2.87x	Skr-15.80 Million
2019	5.34%	1.32%	1.22x	3.31x	Skr-129.49 Million
2020	9.94%	2.60%	1.28x	2.99x	Skr-1.59 Million
2021	9.84%	2.75%	0.99x	3.60x	Skr-5.35 Million
2022	12.26%	3.14%	1.03x	3.80x	Skr86.52 Million
2023	6.46%	1.79%	0.89x	4.07x	Skr-135.64 Million
2024	4.31%	1.24%	0.83x	4.18x	Skr-231.90 Million
2025	-1.55%	-0.44%	0.80x	4.38x	Skr-402.30 Million

Industry Comparison

This section compares Elanders AB (publ)'s net assets metrics with peer companies in the Specialty Business Services industry.

Industry Context

Industry: Specialty Business Services
Average net assets among peers: $997,306,623
Average return on equity (ROE) among peers: -1.33%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Elanders AB (publ) (ELAN-B)	Skr3.51 Billion	84.04%	3.35x	$174.71 Million
Awardit AB (AWRD)	$505.60 Million	6.03%	1.31x	$121.17 Million
COOR Service Management AB (COOR)	$2.46 Billion	1.62%	1.49x	$560.84 Million
Drillcon AB (DRIL)	$154.94 Million	8.83%	0.72x	$18.62 Million
Green Landscaping Group AB (publ) (GREEN)	$1.34 Billion	13.77%	2.76x	$185.88 Million
Karnov Group AB (KAR)	$2.37 Billion	-1.39%	2.16x	$775.03 Million
Nepa AB (NEPA)	$50.06 Million	-41.02%	1.03x	$14.98 Million
ScandBook Holding AB (SBOK)	$98.05 Million	2.84%	0.60x	$29.09 Million

About Elanders AB (publ)

ST:ELAN-B Sweden Specialty Business Services

Market Cap

$174.71 Million

Skr1.62 Billion SEK

Market Cap Rank

#17039 Global

#283 in Sweden

Share Price

Skr48.40

Change (1 day)

-2.22%

52-Week Range

Skr42.90 - Skr69.50

All Time High

Skr173.05