Ferronordic AB (publ) (FNM) - Net Assets

Latest as of December 2025: Skr1.31 Billion SEK ≈ $140.55 Million USD

Based on the latest financial reports, Ferronordic AB (publ) (FNM) has net assets worth Skr1.31 Billion SEK (≈ $140.55 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 (Skr3.99 Billion ≈ $429.82 Million USD) and total liabilities (Skr2.69 Billion ≈ $289.27 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 asset resilience ratio of Ferronordic AB (publ) to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr1.31 Billion
% of Total Assets	32.7%
Annual Growth Rate	15.28%
5-Year Change	18.62%
10-Year Change	195.2%
Growth Volatility	82.69

Ferronordic AB (publ) - Net Assets Trend (2011–2025)

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

Annual Net Assets for Ferronordic AB (publ) (2011–2025)

The table below shows the annual net assets of Ferronordic AB (publ) from 2011 to 2025. For live valuation and market cap data, see market cap of Ferronordic AB (publ).

Year	Net Assets	Change
2025-12-31	Skr1.31 Billion ≈ $140.55 Million	-12.88%
2024-12-31	Skr1.50 Billion ≈ $161.32 Million	-7.58%
2023-12-31	Skr1.62 Billion ≈ $174.55 Million	-13.40%
2022-12-31	Skr1.87 Billion ≈ $201.56 Million	+70.12%
2021-12-31	Skr1.10 Billion ≈ $118.49 Million	+36.53%
2020-12-31	Skr806.40 Million ≈ $86.78 Million	-9.43%
2019-12-31	Skr890.34 Million ≈ $95.82 Million	+35.74%
2018-12-31	Skr655.94 Million ≈ $70.59 Million	+7.34%
2017-12-31	Skr611.08 Million ≈ $65.76 Million	+38.12%
2016-12-31	Skr442.41 Million ≈ $47.61 Million	+37.36%
2015-12-31	Skr322.07 Million ≈ $34.66 Million	-13.31%
2014-12-31	Skr371.53 Million ≈ $39.98 Million	-30.38%
2013-12-31	Skr533.67 Million ≈ $57.43 Million	+309.20%
2012-12-31	Skr130.42 Million ≈ $14.03 Million	-26.92%
2011-12-31	Skr178.47 Million ≈ $19.21 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ferronordic 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 grown by 638.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Skr725.00 Million	55.51%
Common Stock	Skr1.00 Million	0.08%
Other Comprehensive Income	Skr-55.00 Million	-4.21%
Other Components	Skr635.00 Million	48.62%
Total Equity	Skr1.31 Billion	100.00%

Ferronordic AB (publ) Competitors by Market Cap

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

Company	Market Cap
Northwest Copper Corp V:NWST	$65.06 Million
Shanghai Yaohua Pilkington Glass Group Co Ltd B SHG:900918	$65.06 Million
Future Health Esg Corp NASDAQ:FHLT	$65.06 Million
ICD Co. Ltd KQ:040910	$65.07 Million
Amoeba SA PA:ALMIB	$65.03 Million
VELA TECHNOL.PLC LS-0001 F:IBNN	$65.03 Million
Redtone International Bhd KLSE:0032	$65.01 Million
Everest Industries Limited NSE:EVERESTIND	$65.00 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,499,000,000 to 1,306,000,000, a change of -193,000,000 (-12.9%).
Net loss of 199,000,000 reduced equity.
Other comprehensive income increased equity by 6,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr-199.00 Million	-15.24%
Other Comprehensive Income	Skr6.00 Million	+0.46%
Total Change	Skr-	-12.88%

Book Value vs Market Value Analysis

This analysis compares Ferronordic 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: 0.46x
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 2.33x to 0.46x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	Skr17.85	Skr41.60	x
2012-12-31	Skr13.04	Skr41.60	x
2013-12-31	Skr53.37	Skr41.60	x
2014-12-31	Skr37.15	Skr41.60	x
2015-12-31	Skr32.21	Skr41.60	x
2016-12-31	Skr44.24	Skr41.60	x
2017-12-31	Skr56.94	Skr41.60	x
2018-12-31	Skr45.14	Skr41.60	x
2019-12-31	Skr61.27	Skr41.60	x
2020-12-31	Skr55.49	Skr41.60	x
2021-12-31	Skr75.51	Skr41.60	x
2022-12-31	Skr128.89	Skr41.60	x
2023-12-31	Skr111.62	Skr41.60	x
2024-12-31	Skr103.15	Skr41.60	x
2025-12-31	Skr89.87	Skr41.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ferronordic 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): -15.24%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.36%
• Asset Turnover: 1.14x
• Equity Multiplier: 3.06x
Recent ROE (-15.24%) is below the historical average (6.86%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	-8.82%	-0.66%	1.95x	6.86x	Skr-33.59 Million
2012	-38.33%	-2.11%	1.78x	10.23x	Skr-63.03 Million
2013	-8.68%	-1.82%	1.75x	2.72x	Skr-99.69 Million
2014	5.04%	0.80%	1.99x	3.16x	Skr-18.42 Million
2015	8.93%	1.97%	1.80x	2.51x	Skr-3.44 Million
2016	18.91%	5.24%	1.54x	2.33x	Skr39.40 Million
2017	24.76%	6.13%	1.74x	2.31x	Skr90.19 Million
2018	31.88%	6.78%	1.79x	2.63x	Skr143.52 Million
2019	28.17%	7.50%	1.12x	3.34x	Skr161.78 Million
2020	27.53%	4.90%	1.72x	3.26x	Skr141.36 Million
2021	30.79%	5.46%	1.56x	3.61x	Skr228.90 Million
2022	10.52%	9.98%	0.61x	1.72x	Skr9.70 Million
2023	-6.60%	-3.74%	0.61x	2.90x	Skr-269.20 Million
2024	-5.94%	-1.89%	0.96x	3.30x	Skr-238.90 Million
2025	-15.24%	-4.36%	1.14x	3.06x	Skr-329.60 Million

Industry Comparison

This section compares Ferronordic AB (publ)'s net assets metrics with peer companies in the Industrial Distribution industry.

Industry Context

Industry: Industrial Distribution
Average net assets among peers: $2,564,176,667
Average return on equity (ROE) among peers: 19.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ferronordic AB (publ) (FNM)	Skr1.31 Billion	-8.82%	2.06x	$65.06 Million
Addtech AB (publ.) (ADDT-B)	$676.00 Million	42.46%	1.97x	$9.22 Billion
Alligo AB Series B (ALLIGO-B)	$939.00 Million	14.80%	1.87x	$739.77 Million
Beijer Ref AB (publ) (BEIJ-B)	$479.72 Million	15.02%	2.05x	$6.66 Billion
Bufab Holding AB (BUFAB)	$2.38 Billion	19.77%	1.77x	$2.42 Billion
Indutrade AB (INDT)	$17.12 Billion	14.95%	0.94x	$7.73 Billion
Inission AB (publ) (INISS-B)	$142.26 Million	26.18%	2.35x	$138.41 Million
Momentum Group AB (publ) (MMGR-B)	$656.00 Million	25.91%	1.84x	$562.76 Million
OEM International AB (publ) (OEM-B)	$414.74 Million	3.55%	0.80x	$1.72 Billion
Tura Group AB (TURA)	$273.87 Million	8.96%	1.20x	$25.85 Million

About Ferronordic AB (publ)

ST:FNM Sweden Industrial Distribution

Market Cap

$65.06 Million

Skr604.55 Million SEK

Market Cap Rank

#20865 Global

#375 in Sweden

Share Price

Skr41.60

Change (1 day)

+1.22%

52-Week Range

Skr41.00 - Skr53.50

All Time High

Skr330.65