Fortinova Fastigheter AB Series B (FNOVA-B) - Net Assets
Based on the latest financial reports, Fortinova Fastigheter AB Series B (FNOVA-B) has net assets worth Skr2.38 Billion SEK (≈ $255.73 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr5.69 Billion ≈ $612.64 Million USD) and total liabilities (Skr3.32 Billion ≈ $356.91 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 FNOVA-B tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr2.38 Billion |
| % of Total Assets | 41.74% |
| Annual Growth Rate | 23.33% |
| 5-Year Change | 6.33% |
| 10-Year Change | N/A |
| Growth Volatility | 34.59 |
Fortinova Fastigheter AB Series B - Net Assets Trend (2018–2025)
This chart illustrates how Fortinova Fastigheter AB Series B's net assets have evolved over time, based on quarterly financial data. See Fortinova Fastigheter AB Series B liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fortinova Fastigheter AB Series B (2018–2025)
The table below shows the annual net assets of Fortinova Fastigheter AB Series B from 2018 to 2025. For live valuation and market cap data, see Fortinova Fastigheter AB Series B stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | Skr2.40 Billion ≈ $257.78 Million |
+4.95% |
| 2024-08-31 | Skr2.28 Billion ≈ $245.62 Million |
+6.55% |
| 2023-08-31 | Skr2.14 Billion ≈ $230.51 Million |
-12.26% |
| 2022-08-31 | Skr2.44 Billion ≈ $262.71 Million |
+8.36% |
| 2021-08-31 | Skr2.25 Billion ≈ $242.44 Million |
+88.79% |
| 2020-08-31 | Skr1.19 Billion ≈ $128.42 Million |
+69.02% |
| 2019-08-31 | Skr706.00 Million ≈ $75.98 Million |
+27.94% |
| 2018-08-31 | Skr551.80 Million ≈ $59.38 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Fortinova Fastigheter AB Series B'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 321.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr703.00 Million | 29.87% |
| Common Stock | Skr51.30 Million | 2.18% |
| Other Components | Skr1.60 Billion | 67.96% |
| Total Equity | Skr2.35 Billion | 100.00% |
Fortinova Fastigheter AB Series B Competitors by Market Cap
The table below lists competitors of Fortinova Fastigheter AB Series B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Impiana Hotels Bhd
KLSE:7243
|
$125.26 Million |
|
Arihant Superstructures Limited
NSE:ARIHANTSUP
|
$125.28 Million |
|
Business Online PCL
BK:BOL
|
$125.31 Million |
|
Igis Value Plus Reit Co Ltd
KO:334890
|
$125.36 Million |
|
Betr Entertainment Ltd
AU:BBT
|
$125.22 Million |
|
VisionWave Holdings, Inc. Common Stock
NASDAQ:VWAV
|
$125.16 Million |
|
Monte Carlo Fashions Limited
NSE:MONTECARLO
|
$125.15 Million |
|
Fabryki Mebli Forte S.A.
WAR:FTE
|
$125.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortinova Fastigheter AB Series B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,252,700,000 to 2,353,900,000, a change of 101,200,000 (4.5%).
- Net income of 169,600,000 contributed positively to equity growth.
- Other factors decreased equity by 68,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr169.60 Million | +7.21% |
| Other Changes | Skr-68.40 Million | -2.91% |
| Total Change | Skr- | 4.49% |
Book Value vs Market Value Analysis
This analysis compares Fortinova Fastigheter AB Series B'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: 0.53x
- 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 1.34x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-08-31 | Skr18.16 | Skr24.40 | x |
| 2019-08-31 | Skr36.82 | Skr24.40 | x |
| 2020-08-31 | Skr39.27 | Skr24.40 | x |
| 2021-08-31 | Skr47.56 | Skr24.40 | x |
| 2022-08-31 | Skr47.55 | Skr24.40 | x |
| 2023-08-31 | Skr41.73 | Skr24.40 | x |
| 2024-08-31 | Skr43.88 | Skr24.40 | x |
| 2025-08-31 | Skr45.85 | Skr24.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortinova Fastigheter AB Series B 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): 7.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.29%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.34x
- Recent ROE (7.21%) is above the historical average (5.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.84% | 61.05% | 0.07x | 2.52x | Skr5.90 Million |
| 2020 | 7.24% | 63.81% | 0.06x | 2.05x | Skr-32.93 Million |
| 2021 | 13.81% | 157.89% | 0.05x | 1.76x | Skr85.92 Million |
| 2022 | 5.92% | 50.43% | 0.05x | 2.15x | Skr-99.72 Million |
| 2023 | -12.27% | -79.16% | 0.06x | 2.46x | Skr-477.10 Million |
| 2024 | 5.04% | 30.94% | 0.07x | 2.34x | Skr-111.67 Million |
| 2025 | 7.21% | 44.29% | 0.07x | 2.34x | Skr-65.79 Million |
Industry Comparison
This section compares Fortinova Fastigheter AB Series B's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,922,903,389
- Average return on equity (ROE) among peers: 8.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortinova Fastigheter AB Series B (FNOVA-B) | Skr2.38 Billion | 10.84% | 1.40x | $125.24 Million |
| Annehem Fastigheter AB (ANNE-B) | $2.06 Billion | 3.49% | 0.84x | $127.84 Million |
| Bonasudden Holding AB (BONAS) | $280.14 Million | 20.34% | 1.52x | $28.93 Million |
| Brinova Fastigheter AB (publ) (BRIN-B) | $7.17 Billion | 1.02% | 1.70x | $256.85 Million |
| Eastnine AB (publ) (EAST) | $478.51 Million | 22.69% | 0.75x | $454.55 Million |
| Fastighetsbolaget Emilshus AB (EMIL-B) | $3.86 Billion | 7.47% | 1.36x | $667.17 Million |
| Fabege AB (FABG) | $11.33 Billion | 11.62% | 2.39x | $2.51 Billion |
| Fastator AB (FASTAT) | $13.80 Million | -38.02% | 0.83x | $8.77 Million |
| Fleming Properties AB (FLMNG) | $62.19 Million | 12.45% | 1.32x | $37.68 Million |
| Genova Property Group AB (GPG) | $1.06 Billion | 33.95% | 2.19x | $182.94 Million |
About Fortinova Fastigheter AB Series B
Fortinova Fastigheter AB (Publ) acquires, develops, and manages residential properties in Sweden. The company was incorporated in 2010 and is headquartered in Varberg, Sweden.