Fragbite Group AB (FRAG) - Net Assets
Based on the latest financial reports, Fragbite Group AB (FRAG) has net assets worth Skr-13.47 Million SEK (≈ $-1.45 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr114.75 Million ≈ $12.35 Million USD) and total liabilities (Skr128.22 Million ≈ $13.80 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 FRAG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr-13.47 Million |
| % of Total Assets | -11.74% |
| Annual Growth Rate | 6.81% |
| 5-Year Change | 19.56% |
| 10-Year Change | N/A |
| Growth Volatility | 148.82 |
Fragbite Group AB - Net Assets Trend (2018–2024)
This chart illustrates how Fragbite Group AB's net assets have evolved over time, based on quarterly financial data. Also explore Fragbite Group AB (FRAG) total assets for the complete picture of this company's asset base.
Annual Net Assets for Fragbite Group AB (2018–2024)
The table below shows the annual net assets of Fragbite Group AB from 2018 to 2024. For live valuation and market cap data, see FRAG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr80.89 Million ≈ $8.71 Million |
-44.62% |
| 2023-12-31 | Skr146.07 Million ≈ $15.72 Million |
-9.56% |
| 2022-12-31 | Skr161.51 Million ≈ $17.38 Million |
-20.54% |
| 2021-12-31 | Skr203.25 Million ≈ $21.87 Million |
+200.40% |
| 2020-12-31 | Skr67.66 Million ≈ $7.28 Million |
+331.64% |
| 2019-12-31 | Skr15.68 Million ≈ $1.69 Million |
-71.23% |
| 2018-12-31 | Skr54.48 Million ≈ $5.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fragbite 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 decreased by 1240.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr3.39 Million | 4.19% |
| Other Components | Skr447.29 Million | 552.95% |
| Total Equity | Skr80.89 Million | 100.00% |
Fragbite Group AB Competitors by Market Cap
The table below lists competitors of Fragbite Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tissue Repair Ltd
AU:TRP
|
$5.56 Million |
|
JLT Mobile Computers AB (publ)
ST:JLT
|
$5.56 Million |
|
Foresight Group Holdings Limited
LSE:FSG
|
$5.56 Million |
|
Bank Danamon Indonesia Tbk
JK:BDMN
|
$5.57 Million |
|
Pure Foods Tasmania Ltd
AU:PFT
|
$5.56 Million |
|
In-Touch Survey Systems Ltd.
V:INX
|
$5.55 Million |
|
Triton Minerals Ltd
AU:TON
|
$5.55 Million |
|
Sow Good Inc. Common Stock
NASDAQ:SOWG
|
$5.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fragbite Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 146,067,000 to 80,892,000, a change of -65,175,000 (-44.6%).
- Net loss of 128,984,000 reduced equity.
- New share issuances of 56,811,000 increased equity.
- Other factors increased equity by 6,998,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-128.98 Million | -159.45% |
| Share Issuances | Skr56.81 Million | +70.23% |
| Other Changes | Skr7.00 Million | +8.65% |
| Total Change | Skr- | -44.62% |
Book Value vs Market Value Analysis
This analysis compares Fragbite 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: 0.59x
- 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 33.28x to 0.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Skr0.21 | Skr7.04 | x |
| 2020-12-31 | Skr0.91 | Skr7.04 | x |
| 2021-12-31 | Skr1610.29 | Skr7.04 | x |
| 2022-12-31 | Skr907.77 | Skr7.04 | x |
| 2023-12-31 | Skr672.96 | Skr7.04 | x |
| 2024-12-31 | Skr11.93 | Skr7.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fragbite 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): -159.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -60.49%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.39x
- Recent ROE (-159.45%) is below the historical average (-67.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -88.13% | -1113.27% | 0.06x | 1.40x | Skr-15.38 Million |
| 2020 | -33.70% | -496.17% | 0.06x | 1.07x | Skr-29.57 Million |
| 2021 | -24.79% | -40.63% | 0.41x | 1.50x | Skr-70.72 Million |
| 2022 | -63.84% | -40.59% | 0.66x | 2.37x | Skr-119.26 Million |
| 2023 | -36.39% | -22.41% | 0.24x | 6.74x | Skr-67.75 Million |
| 2024 | -159.45% | -60.49% | 1.10x | 2.39x | Skr-137.07 Million |
Industry Comparison
This section compares Fragbite Group AB's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,255,038,439
- Average return on equity (ROE) among peers: -285.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fragbite Group AB (FRAG) | Skr-13.47 Million | -88.13% | N/A | $5.56 Million |
| Enad Global 7 AB (EG7) | $2.64 Million | 16.53% | 1.35x | $159.05 Million |
| Embracer Group AB (publ) (EMBRAC-B) | $27.17 Billion | 1.06% | 0.24x | $1.45 Billion |
| Flexion Mobile PLC (FLEXM) | $2.21 Million | -28.92% | 0.41x | $17.69 Million |
| Fsport AB (FSPORT) | $3.21 Million | -697.11% | 2.97x | $1.78 Million |
| G5 Entertainment publ AB (G5EN) | $104.36 Million | 6.53% | 0.41x | $47.35 Million |
| GiG Software PLC (GIG-SDB) | $20.92 Million | -309.23% | 5.46x | $35.93 Million |
| LL Lucky Games publ AB (LADYLU) | $1.34 Million | -1593.62% | 14.94x | $18.02 Million |
| MAG Interactive AB (publ) (MAGI) | $94.06 Million | 41.50% | 0.35x | $22.52 Million |
| Modern Times Group Mtg AB (MTG-A) | $1.90 Billion | -3.50% | 2.25x | $5.19 Million |
About Fragbite Group AB
Fragbite Group AB (publ) develops and publishes games and esports content for the GAMING, ESPORTS, and WEB3 markets in the Nordic region. It develops various platforms, such as PC, mobile, and console and modern web3 platforms built on blockchain technology. The company was formerly known as FunRock AB and changed its name to Fragbite Group AB (publ) in June 2021. The company was founded in 2002 … Read more