Hacksaw
Hacksaw AB (publ) operates as a B2B technology platform and game development company in Sweden and Czech Republic. It develops and distributes games comprising digital slots, scratch cards, and instant win games for private and state-owned iGaming operators, as well as develops remote gaming servers. The company was incorporated in 2017 and is based in Stockholm, Sweden.
Hacksaw (HACK) - Net Assets
Latest net assets as of December 2025: Skr153.63 Million SEK
Based on the latest financial reports, Hacksaw (HACK) has net assets worth Skr153.63 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 (Skr179.23 Million) and total liabilities (Skr25.60 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 | Skr153.63 Million |
| % of Total Assets | 85.72% |
| Annual Growth Rate | 126.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 109.75 |
Hacksaw - Net Assets Trend (2022–2025)
This chart illustrates how Hacksaw's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hacksaw (2022–2025)
The table below shows the annual net assets of Hacksaw from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr153.63 Million | +33.62% |
| 2024-12-31 | Skr114.98 Million | +119.54% |
| 2023-12-31 | Skr52.37 Million | +297.18% |
| 2022-12-31 | Skr13.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hacksaw'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 2264.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Skr285.18 Million | 185.63% |
| Total Equity | Skr153.63 Million | 100.00% |
Hacksaw Competitors by Market Cap
The table below lists competitors of Hacksaw ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KOEI TECMO HLDGS CO. LTD.
F:85T
|
$1.26 Billion |
|
Loma Negra Compañía Industrial Argentina Sociedad Anónima
F:8LN
|
$1.26 Billion |
|
Sinosoft Co Ltd
SHG:603927
|
$1.27 Billion |
|
Pharming Group NV
NASDAQ:PHAR
|
$1.27 Billion |
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
$1.26 Billion |
|
Nishi-Nippon Railroad Co. Ltd
F:NNR
|
$1.26 Billion |
|
Enovis Corp
NYSE:ENOV
|
$1.26 Billion |
|
Guangzhou Haozhi Industrial Co Ltd
SHE:300503
|
$1.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hacksaw's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 96,425,000 to 153,633,000, a change of 57,208,000 (59.3%).
- Net income of 133,641,000 contributed positively to equity growth.
- Dividend payments of 106,326,000 reduced retained earnings.
- New share issuances of 784,000 increased equity.
- Other factors increased equity by 29,109,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr133.64 Million | +86.99% |
| Dividends Paid | Skr106.33 Million | -69.21% |
| Share Issuances | Skr784.00K | +0.51% |
| Other Changes | Skr29.11 Million | +18.95% |
| Total Change | Skr- | 59.33% |
Book Value vs Market Value Analysis
This analysis compares Hacksaw'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: 108.43x
- 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 1301.34x to 108.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Skr0.04 | Skr57.60 | x |
| 2023-12-31 | Skr0.17 | Skr57.60 | x |
| 2024-12-31 | Skr0.33 | Skr57.60 | x |
| 2025-12-31 | Skr0.53 | Skr57.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hacksaw 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): 86.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 67.71%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.17x
- Recent ROE (86.99%) is below the historical average (98.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 111.50% | 44.61% | 1.25x | 2.01x | Skr12.98 Million |
| 2023 | 99.03% | 74.48% | 1.09x | 1.22x | Skr44.72 Million |
| 2024 | 95.69% | 67.51% | 1.02x | 1.40x | Skr82.62 Million |
| 2025 | 86.99% | 67.71% | 1.10x | 1.17x | Skr118.28 Million |
Industry Comparison
This section compares Hacksaw's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $222,389,537
- Average return on equity (ROE) among peers: -37.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hacksaw (HACK) | Skr153.63 Million | 111.50% | 0.17x | $1.26 Billion |
| BRAVE (BRAVE) | $6.57 Million | -257.66% | 2.59x | $1.26K |
| Coffee Stain Group B (COFFEE-B) | $1.46 Billion | 13.19% | 1.75x | $14.02K |
| Enad Global 7 AB (EG7) | $250.13 Million | -11.23% | 1.84x | $42.96 Million |
| Envar Holding AB (ENVAR) | $21.81 Million | 4.19% | 0.41x | $31.89K |
| Fantasma Games AB (FAGA) | $31.93 Million | 7.12% | 0.51x | $10.81 Million |
| Flexion Mobile PLC (FLEXM) | $13.08 Million | 4.11% | 1.13x | $8.27 Million |
| Fragbite Group AB (FRAG) | $161.51 Million | -63.84% | 1.37x | $2.89 Million |
| Fsport AB (FSPORT) | $48.55 Million | -32.26% | 0.07x | $118.91K |
| GiG Software PLC (GIG-SDB) | $11.93 Million | -0.52% | 6.35x | $44.07 Million |