Gigasun AB (GIGA) - Net Assets
Based on the latest financial reports, Gigasun AB (GIGA) has net assets worth Skr488.20 Million SEK (≈ $52.54 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 (Skr2.30 Billion ≈ $247.17 Million USD) and total liabilities (Skr1.81 Billion ≈ $194.63 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 GIGA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr488.20 Million |
| % of Total Assets | 21.26% |
| Annual Growth Rate | 14.67% |
| 5-Year Change | -2.32% |
| 10-Year Change | N/A |
| Growth Volatility | 51.6 |
Gigasun AB - Net Assets Trend (2018–2025)
This chart illustrates how Gigasun AB's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Gigasun AB to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Gigasun AB (2018–2025)
The table below shows the annual net assets of Gigasun AB from 2018 to 2025. For live valuation and market cap data, see Gigasun AB (GIGA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr487.87 Million ≈ $52.50 Million |
-15.50% |
| 2024-12-31 | Skr577.34 Million ≈ $62.13 Million |
+1.34% |
| 2023-12-31 | Skr569.71 Million ≈ $61.31 Million |
+9.37% |
| 2022-12-31 | Skr520.91 Million ≈ $56.06 Million |
+4.30% |
| 2021-12-31 | Skr499.45 Million ≈ $53.75 Million |
+146.43% |
| 2020-12-31 | Skr202.68 Million ≈ $21.81 Million |
+15.89% |
| 2019-12-31 | Skr174.88 Million ≈ $18.82 Million |
-6.55% |
| 2018-12-31 | Skr187.14 Million ≈ $20.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gigasun 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 26078.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Skr747.98 Million | 153.21% |
| Total Equity | Skr488.20 Million | 100.00% |
Gigasun AB Competitors by Market Cap
The table below lists competitors of Gigasun AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rcm Beteiligungs AG
F:RCMN
|
$13.87 Million |
|
Obiz Concept SAS
PA:ALBIZ
|
$13.87 Million |
|
Mayfield Childcare Ltd
AU:MFD
|
$13.88 Million |
|
Soditech SA
PA:SEC
|
$13.88 Million |
|
Metro Bank PLC
LSE:MTRO
|
$13.85 Million |
|
Asia Seed Co.Ltd
KQ:154030
|
$13.85 Million |
|
Airthings ASA
OL:AIRX
|
$13.83 Million |
|
Pintec Technology Holdings Ltd
NASDAQ:PT
|
$13.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gigasun AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 577,336,000 to 488,200,000, a change of -89,136,000 (-15.4%).
- Net loss of 7,206,000 reduced equity.
- Other factors decreased equity by 81,930,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-7.21 Million | -1.48% |
| Other Changes | Skr-81.93 Million | -16.78% |
| Total Change | Skr- | -15.44% |
Book Value vs Market Value Analysis
This analysis compares Gigasun 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: 0.26x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Skr6.48 | Skr2.25 | x |
| 2019-12-31 | Skr6.05 | Skr2.25 | x |
| 2020-12-31 | Skr7.02 | Skr2.25 | x |
| 2021-12-31 | Skr20.58 | Skr2.25 | x |
| 2022-12-31 | Skr12.65 | Skr2.25 | x |
| 2023-12-31 | Skr9.96 | Skr2.25 | x |
| 2024-12-31 | Skr10.09 | Skr2.25 | x |
| 2025-12-31 | Skr8.54 | Skr2.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gigasun 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): -1.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.55%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 4.70x
- Recent ROE (-1.48%) is above the historical average (-10.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 1.61% | 10.50% | 0.04x | 3.61x | Skr-15.70 Million |
| 2019 | -7.99% | -23.11% | 0.05x | 6.87x | Skr-31.46 Million |
| 2020 | -47.87% | -112.29% | 0.07x | 6.20x | Skr-117.28 Million |
| 2021 | 3.21% | 13.67% | 0.07x | 3.51x | Skr-33.90 Million |
| 2022 | -5.58% | -18.53% | 0.08x | 3.79x | Skr-81.17 Million |
| 2023 | -23.74% | -79.25% | 0.08x | 3.57x | Skr-192.25 Million |
| 2024 | -5.71% | -17.83% | 0.07x | 4.38x | Skr-90.68 Million |
| 2025 | -1.48% | -3.55% | 0.09x | 4.70x | Skr-56.03 Million |
Industry Comparison
This section compares Gigasun AB's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $289,717,770
- Average return on equity (ROE) among peers: -57.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gigasun AB (GIGA) | Skr488.20 Million | 1.61% | 3.70x | $13.85 Million |
| Absolicon Solar Collector AB Series B (ABSL-B) | $67.05 Million | -158.58% | 0.29x | $5.68 Million |
| Midsummer AB (publ) (MIDS) | $46.24 Million | 21.89% | 0.08x | $60.40 Million |
| SolTech Energy Sweden AB (SOLT) | $755.87 Million | -36.76% | 1.76x | $27.87 Million |
About Gigasun AB
Gigasun AB (publ), engages in the financing, owning, and operating of roof-mounted solar energy installations in China. The company installed a total of 404 MW of solar energy installations. It serves private and public organizations. The company was formerly known as Advanced Soltech Sweden AB (publ) and changed its name to Gigasun AB (publ) in February 2024. Gigasun AB (publ) was founded in 201… Read more