Gapwaves AB Series B (GAPW-B) - Net Assets
Based on the latest financial reports, Gapwaves AB Series B (GAPW-B) has net assets worth Skr103.75 Million SEK (≈ $11.16 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr150.23 Million ≈ $16.17 Million USD) and total liabilities (Skr46.48 Million ≈ $5.00 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 Gapwaves AB Series B to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr103.75 Million |
| % of Total Assets | 69.06% |
| Annual Growth Rate | 35.78% |
| 5-Year Change | -48.58% |
| 10-Year Change | 296.66% |
| Growth Volatility | 344.9 |
Gapwaves AB Series B - Net Assets Trend (2013–2025)
This chart illustrates how Gapwaves AB Series B's net assets have evolved over time, based on quarterly financial data. Also explore Gapwaves AB Series B asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Gapwaves AB Series B (2013–2025)
The table below shows the annual net assets of Gapwaves AB Series B from 2013 to 2025. For live valuation and market cap data, see market value of Gapwaves AB Series B.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr117.27 Million ≈ $12.62 Million |
+14.34% |
| 2024-12-31 | Skr102.57 Million ≈ $11.04 Million |
-33.10% |
| 2023-12-31 | Skr153.31 Million ≈ $16.50 Million |
-30.90% |
| 2022-12-31 | Skr221.88 Million ≈ $23.88 Million |
-2.72% |
| 2021-12-31 | Skr228.08 Million ≈ $24.55 Million |
+187.60% |
| 2020-12-31 | Skr79.31 Million ≈ $8.53 Million |
-30.82% |
| 2019-12-31 | Skr114.64 Million ≈ $12.34 Million |
+43.38% |
| 2018-12-31 | Skr79.95 Million ≈ $8.60 Million |
+198.78% |
| 2017-12-31 | Skr26.76 Million ≈ $2.88 Million |
-9.49% |
| 2016-12-31 | Skr29.57 Million ≈ $3.18 Million |
+1245.32% |
| 2015-12-31 | Skr2.20 Million ≈ $236.50K |
-50.55% |
| 2014-12-31 | Skr4.44 Million ≈ $478.29K |
+48.80% |
| 2013-12-31 | Skr2.99 Million ≈ $321.44K |
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Equity Component Analysis
This analysis shows how different components contribute to Gapwaves 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 decreased by 13618.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr2.18 Million | 1.86% |
| Other Components | Skr497.44 Million | 424.17% |
| Total Equity | Skr117.27 Million | 100.00% |
Gapwaves AB Series B Competitors by Market Cap
The table below lists competitors of Gapwaves AB Series B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cengild Medical Berhad
KLSE:0243
|
$48.10 Million |
|
Hvidbjerg Bank
CO:HVID
|
$48.11 Million |
|
Sam Jung Pulp
KO:009770
|
$48.12 Million |
|
Agile Content SA
MC:AGIL
|
$48.14 Million |
|
Turism Felix B
RO:TUFE
|
$48.05 Million |
|
aTyr Pharma, Inc.
NASDAQ:ATYR
|
$48.05 Million |
|
FingerMotion Inc
NASDAQ:FNGR
|
$48.04 Million |
|
Mudajaya Group Bhd
KLSE:5085
|
$48.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gapwaves AB Series B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 102,568,000 to 117,274,000, a change of 14,706,000 (14.3%).
- Net loss of 58,241,000 reduced equity.
- Share repurchases of 71,611,000 reduced equity.
- New share issuances of 71,611,000 increased equity.
- Other comprehensive income increased equity by 325,448,000.
- Other factors decreased equity by 252,501,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-58.24 Million | -49.66% |
| Share Repurchases | Skr71.61 Million | -61.06% |
| Share Issuances | Skr71.61 Million | +61.06% |
| Other Comprehensive Income | Skr325.45 Million | +277.51% |
| Other Changes | Skr-252.50 Million | -215.31% |
| Total Change | Skr- | 14.34% |
Book Value vs Market Value Analysis
This analysis compares Gapwaves 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: 4.13x
- 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 79.46x to 4.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | Skr0.20 | Skr15.56 | x |
| 2014-12-31 | Skr0.29 | Skr15.56 | x |
| 2015-12-31 | Skr0.14 | Skr15.56 | x |
| 2016-12-31 | Skr1.97 | Skr15.56 | x |
| 2017-12-31 | Skr1.80 | Skr15.56 | x |
| 2018-12-31 | Skr3.65 | Skr15.56 | x |
| 2019-12-31 | Skr4.58 | Skr15.56 | x |
| 2020-12-31 | Skr2.90 | Skr15.56 | x |
| 2021-12-31 | Skr7.43 | Skr15.56 | x |
| 2022-12-31 | Skr7.12 | Skr15.56 | x |
| 2023-12-31 | Skr4.92 | Skr15.56 | x |
| 2024-12-31 | Skr3.29 | Skr15.56 | x |
| 2025-12-31 | Skr3.77 | Skr15.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gapwaves 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): -49.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -64.32%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.41x
- Recent ROE (-49.66%) is above the historical average (-54.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -51.98% | -260.99% | 0.16x | 1.22x | Skr-1.85 Million |
| 2014 | -45.96% | -125.31% | 0.32x | 1.16x | Skr-2.49 Million |
| 2015 | -170.49% | -242.50% | 0.15x | 4.61x | Skr-3.97 Million |
| 2016 | -29.04% | -765.24% | 0.03x | 1.29x | Skr-11.54 Million |
| 2017 | -102.29% | -3131.81% | 0.02x | 1.57x | Skr-30.05 Million |
| 2018 | -55.01% | -2496.08% | 0.02x | 1.18x | Skr-51.98 Million |
| 2019 | -31.51% | -224.39% | 0.12x | 1.16x | Skr-47.58 Million |
| 2020 | -55.98% | -273.00% | 0.16x | 1.24x | Skr-52.33 Million |
| 2021 | -15.92% | -104.17% | 0.14x | 1.11x | Skr-59.12 Million |
| 2022 | -6.91% | -23.95% | 0.25x | 1.13x | Skr-37.52 Million |
| 2023 | -45.16% | -251.67% | 0.16x | 1.12x | Skr-84.57 Million |
| 2024 | -50.77% | -78.80% | 0.50x | 1.28x | Skr-62.33 Million |
| 2025 | -49.66% | -64.32% | 0.55x | 1.41x | Skr-69.97 Million |
Industry Comparison
This section compares Gapwaves AB Series B's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $8,281,125,736
- Average return on equity (ROE) among peers: -2.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gapwaves AB Series B (GAPW-B) | Skr103.75 Million | -51.98% | 0.45x | $48.09 Million |
| Alcadon Group AB (ALCA) | $575.14 Million | 6.45% | 1.89x | $86.78 Million |
| DORO AB (DORO) | $561.70 Million | 15.33% | 0.68x | $105.09 Million |
| Ependion AB (EPEN) | $421.16 Million | -29.93% | 2.40x | $484.31 Million |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-A) | $65.21 Billion | 20.01% | 1.57x | $3.56 Billion |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) | $7.32 Billion | 7.72% | 3.69x | $41.60 Billion |
| Hitech & Development Wireless Sweden Holding AB (publ) (HDW-B) | $59.21 Million | -38.86% | 0.39x | $588.92K |
| HMS Networks AB (publ) (HMS) | $285.81 Million | 21.57% | 0.37x | $3.16 Billion |
| Hexatronic Group AB (HTRO) | $11.12 Million | -0.80% | 0.35x | $998.50 Million |
| InCoax Networks AB (INCOAX) | $79.63 Million | -21.24% | 0.44x | $11.81 Million |
About Gapwaves AB Series B
Gapwaves AB (publ) designs, develops, manufactures, and delivers waveguide products in Sweden, rest of European Union, and internationally. It offers automotive radar antennas, flat panel antennas, 5G phased arrays antennas, flange adapters, and waveguide filters. Gapwaves AB (publ) was incorporated in 2011 and is headquartered in Gothenburg, Sweden.