Garo AB (GARO) - Net Assets

Latest as of December 2025: Skr529.40 Million SEK ≈ $56.97 Million USD

Based on the latest financial reports, Garo AB (GARO) has net assets worth Skr529.40 Million SEK (≈ $56.97 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 (Skr1.00 Billion ≈ $108.15 Million USD) and total liabilities (Skr475.60 Million ≈ $51.18 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 GARO financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Garo AB assets under control for the complete picture of this company's asset base.

Annual Net Assets for Garo AB (2013–2025)

The table below shows the annual net assets of Garo AB from 2013 to 2025. For live valuation and market cap data, see Garo AB market capitalisation.

Year	Net Assets	Change
2025-12-31	Skr529.40 Million ≈ $56.97 Million	-4.70%
2024-12-31	Skr555.50 Million ≈ $59.78 Million	-8.86%
2023-12-31	Skr609.50 Million ≈ $65.59 Million	-0.75%
2022-12-31	Skr614.10 Million ≈ $66.09 Million	+11.35%
2021-12-31	Skr551.50 Million ≈ $59.35 Million	+28.17%
2020-12-31	Skr430.30 Million ≈ $46.31 Million	+25.45%
2019-12-31	Skr343.00 Million ≈ $36.91 Million	+15.80%
2018-12-31	Skr296.20 Million ≈ $31.88 Million	+17.21%
2017-12-31	Skr252.70 Million ≈ $27.19 Million	+29.99%
2016-12-31	Skr194.40 Million ≈ $20.92 Million	+23.90%
2015-12-31	Skr156.90 Million ≈ $16.88 Million	+15.62%
2014-12-31	Skr135.70 Million ≈ $14.60 Million	+2.57%
2013-12-31	Skr132.30 Million ≈ $14.24 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
Arn Media Ltd AU:A1N	$60.91 Million
Satria Mega Kencana Tbk PT JK:SOTS	$60.94 Million
NeueHealth Inc NYSE:NEUE	$60.94 Million
Dutaland Bhd KLSE:3948	$60.95 Million
Charm Engine KO:009310	$60.90 Million
Facephi Biometria SA MC:FACE	$60.90 Million
Chang Ho Fibre Corp TW:1468	$60.90 Million
JLS Co.Ltd KQ:040420	$60.84 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: 1.07x
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 4.28x to 1.07x 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	Skr11.32	x
2014-12-31	Skr2.71	Skr11.32	x
2015-12-31	Skr3.14	Skr11.32	x
2016-12-31	Skr3.89	Skr11.32	x
2017-12-31	Skr5.05	Skr11.32	x
2018-12-31	Skr5.92	Skr11.32	x
2019-12-31	Skr6.86	Skr11.32	x
2020-12-31	Skr8.61	Skr11.32	x
2021-12-31	Skr11.03	Skr11.32	x
2022-12-31	Skr12.28	Skr11.32	x
2023-12-31	Skr12.19	Skr11.32	x
2024-12-31	Skr11.11	Skr11.32	x
2025-12-31	Skr10.59	Skr11.32	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: $362,430,714
Average return on equity (ROE) among peers: -133.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Garo AB (GARO)	Skr529.40 Million	11.34%	0.90x	$60.91 Million
AQ Group AB (AQ)	$1.46 Billion	16.08%	0.67x	$2.16 Billion
Ctek AB (CTEK)	$179.80 Million	20.63%	6.69x	$119.74 Million
Fagerhult AB (FAG)	$411.70 Million	22.44%	0.77x	$421.27 Million
Ferroamp Elektronik AB (FERRO)	$161.92 Million	-33.61%	0.46x	$39.59 Million
Heliospectra publ AB (HELIO)	$8.03 Million	-746.62%	6.02x	$6.75 Million
Intellego Technologies AB (INT)	$296.17 Million	23.10%	0.40x	$157.08 Million
Powercell Sweden (PCELL)	$16.20 Million	-235.77%	2.94x	$163.23 Million

About Garo AB

ST:GARO Sweden Electrical Equipment & Parts

Market Cap

$60.91 Million

Skr566.00 Million SEK

Market Cap Rank

#21108 Global

#381 in Sweden

Share Price

Skr11.32

Change (1 day)

-3.58%

52-Week Range

Skr10.86 - Skr22.85

All Time High

Skr7080.01