Garo AB
Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally. The company's E-mobility business markets destination charging for electric cars, chargeable hybrid cars, and heavy electrically driven vehicle traffic, which o… Read more
Garo AB (GARO) - Net Assets
Latest net assets as of December 2025: Skr529.40 Million SEK
Based on the latest financial reports, Garo AB (GARO) has net assets worth Skr529.40 Million SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr1.00 Billion) and total liabilities (Skr475.60 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr529.40 Million |
| % of Total Assets | 52.68% |
| Annual Growth Rate | 12.25% |
| 5-Year Change | -4.01% |
| 10-Year Change | 172.33% |
| Growth Volatility | 12.64 |
Garo AB - Net Assets Trend (2013–2025)
This chart illustrates how Garo AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Garo AB (2013–2025)
The table below shows the annual net assets of Garo AB from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr529.40 Million | -4.70% |
| 2024-12-31 | Skr555.50 Million | -8.86% |
| 2023-12-31 | Skr609.50 Million | -0.75% |
| 2022-12-31 | Skr614.10 Million | +11.35% |
| 2021-12-31 | Skr551.50 Million | +28.17% |
| 2020-12-31 | Skr430.30 Million | +25.45% |
| 2019-12-31 | Skr343.00 Million | +15.80% |
| 2018-12-31 | Skr296.20 Million | +17.21% |
| 2017-12-31 | Skr252.70 Million | +29.99% |
| 2016-12-31 | Skr194.40 Million | +23.90% |
| 2015-12-31 | Skr156.90 Million | +15.62% |
| 2014-12-31 | Skr135.70 Million | +2.57% |
| 2013-12-31 | Skr132.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garo 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 grown by 322.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr496.50 Million | 93.79% |
| Common Stock | Skr20.00 Million | 3.78% |
| Other Components | Skr12.90 Million | 2.44% |
| Total Equity | Skr529.40 Million | 100.00% |
Garo AB Competitors by Market Cap
The table below lists competitors of Garo AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Iqstel Inc
OTCQX:IQST
|
$26.76 Million |
|
GameSquare Holdings Inc.
NASDAQ:GAME
|
$26.76 Million |
|
Home Loan Financial Corp
PINK:HLFN
|
$26.77 Million |
|
Antisense Therapeutics Limited
PINK:ATHJF
|
$26.77 Million |
|
LanzaTech Global Inc.
NASDAQ:LNZA
|
$26.75 Million |
|
Taekyung Chem
KO:006890
|
$26.75 Million |
|
Airmate Cayman International Co Ltd
TW:1626
|
$26.74 Million |
|
K & S Corporation Ltd
AU:KSC
|
$26.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garo AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 555,500,000 to 529,400,000, a change of -26,100,000 (-4.7%).
- Net loss of 17,500,000 reduced equity.
- Share repurchases of 1,500,000 reduced equity.
- New share issuances of 1,500,000 increased equity.
- Other comprehensive income decreased equity by 19,899,999.
- Other factors increased equity by 11,299,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-17.50 Million | -3.31% |
| Share Repurchases | Skr1.50 Million | -0.28% |
| Share Issuances | Skr1.50 Million | +0.28% |
| Other Comprehensive Income | Skr-19.90 Million | -3.76% |
| Other Changes | Skr11.30 Million | +2.13% |
| Total Change | Skr- | -4.70% |
Book Value vs Market Value Analysis
This analysis compares Garo 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: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.25x to 1.06x 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 | Skr2.65 | Skr11.24 | x |
| 2014-12-31 | Skr2.71 | Skr11.24 | x |
| 2015-12-31 | Skr3.14 | Skr11.24 | x |
| 2016-12-31 | Skr3.89 | Skr11.24 | x |
| 2017-12-31 | Skr5.05 | Skr11.24 | x |
| 2018-12-31 | Skr5.92 | Skr11.24 | x |
| 2019-12-31 | Skr6.86 | Skr11.24 | x |
| 2020-12-31 | Skr8.61 | Skr11.24 | x |
| 2021-12-31 | Skr11.03 | Skr11.24 | x |
| 2022-12-31 | Skr12.28 | Skr11.24 | x |
| 2023-12-31 | Skr12.19 | Skr11.24 | x |
| 2024-12-31 | Skr11.11 | Skr11.24 | x |
| 2025-12-31 | Skr10.59 | Skr11.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garo 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): -3.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.68%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.90x
- Recent ROE (-3.31%) is below the historical average (18.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.34% | 3.92% | 1.49x | 1.95x | Skr1.77 Million |
| 2014 | 16.88% | 5.18% | 1.58x | 2.06x | Skr9.33 Million |
| 2015 | 29.19% | 8.27% | 1.76x | 2.01x | Skr30.11 Million |
| 2016 | 29.32% | 8.67% | 1.76x | 1.92x | Skr37.56 Million |
| 2017 | 33.87% | 10.75% | 1.49x | 2.11x | Skr60.33 Million |
| 2018 | 27.92% | 9.15% | 1.60x | 1.91x | Skr53.08 Million |
| 2019 | 24.99% | 8.50% | 1.53x | 1.92x | Skr51.40 Million |
| 2020 | 22.17% | 9.17% | 1.40x | 1.73x | Skr52.37 Million |
| 2021 | 30.23% | 12.86% | 1.38x | 1.70x | Skr111.55 Million |
| 2022 | 19.62% | 8.67% | 1.21x | 1.88x | Skr59.09 Million |
| 2023 | 5.14% | 2.28% | 1.14x | 1.97x | Skr-29.65 Million |
| 2024 | -10.82% | -5.22% | 1.04x | 2.00x | Skr-115.65 Million |
| 2025 | -3.31% | -1.68% | 1.04x | 1.90x | Skr-70.44 Million |
Industry Comparison
This section compares Garo AB's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $746,565,554
- Average return on equity (ROE) among peers: -76.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garo AB (GARO) | Skr529.40 Million | 11.34% | 0.90x | $26.75 Million |
| Alelion Energy Systems AB (ALELIO) | $7.47 Million | -456.49% | 1.25x | $560.82K |
| AQ Group AB (AQ) | $4.69 Billion | 14.42% | 0.47x | $971.92 Million |
| Ctek AB (CTEK) | $655.00 Million | 0.67% | 1.39x | $45.72 Million |
| Fagerhult AB (FAG) | $411.70 Million | 22.44% | 0.77x | $213.11 Million |
| Ferroamp Elektronik AB (FERRO) | $208.72 Million | -10.95% | 0.38x | $18.85 Million |
| Heliospectra publ AB (HELIO) | $11.54 Million | -213.98% | 3.35x | $987.06K |
| Intellego Technologies AB (INT) | $4.34 Million | 75.56% | 0.36x | $119.02 Million |
| Nilar International AB (NILAR) | $275.76 Million | -92.58% | 1.05x | $1.33 Million |
| Powercell Sweden (PCELL) | $457.56 Million | -25.49% | 0.23x | $84.61 Million |