HMS Networks AB (publ) (HMS) - Net Assets
Based on the latest financial reports, HMS Networks AB (publ) (HMS) has net assets worth Skr3.72 Billion SEK (≈ $400.12 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 (Skr6.76 Billion ≈ $727.27 Million USD) and total liabilities (Skr3.04 Billion ≈ $327.15 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 HMS Networks AB (publ) tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr3.72 Billion |
| % of Total Assets | 55.02% |
| Annual Growth Rate | 17.86% |
| 5-Year Change | 195.46% |
| 10-Year Change | 446.47% |
| Growth Volatility | 18.09 |
HMS Networks AB (publ) - Net Assets Trend (2006–2025)
This chart illustrates how HMS Networks AB (publ)'s net assets have evolved over time, based on quarterly financial data. See HMS Networks AB (publ) (HMS) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HMS Networks AB (publ) (2006–2025)
The table below shows the annual net assets of HMS Networks AB (publ) from 2006 to 2025. For live valuation and market cap data, see market value of HMS Networks AB (publ).
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr3.48 Billion ≈ $374.29 Million |
-0.78% |
| 2024-12-31 | Skr3.51 Billion ≈ $377.24 Million |
+81.39% |
| 2023-12-31 | Skr1.93 Billion ≈ $207.97 Million |
+20.06% |
| 2022-12-31 | Skr1.61 Billion ≈ $173.23 Million |
+36.75% |
| 2021-12-31 | Skr1.18 Billion ≈ $126.68 Million |
-3.55% |
| 2020-12-31 | Skr1.22 Billion ≈ $131.34 Million |
+20.79% |
| 2019-12-31 | Skr1.01 Billion ≈ $108.73 Million |
+17.91% |
| 2018-12-31 | Skr856.91 Million ≈ $92.22 Million |
+18.80% |
| 2017-12-31 | Skr721.29 Million ≈ $77.62 Million |
+13.33% |
| 2016-12-31 | Skr636.44 Million ≈ $68.49 Million |
+39.73% |
| 2015-12-31 | Skr455.48 Million ≈ $49.02 Million |
+7.78% |
| 2014-12-31 | Skr422.60 Million ≈ $45.48 Million |
+11.93% |
| 2013-12-31 | Skr377.56 Million ≈ $40.63 Million |
+10.38% |
| 2012-12-31 | Skr342.06 Million ≈ $36.81 Million |
+14.57% |
| 2011-12-31 | Skr298.54 Million ≈ $32.13 Million |
+4.45% |
| 2010-12-31 | Skr285.81 Million ≈ $30.76 Million |
+18.87% |
| 2009-12-31 | Skr240.43 Million ≈ $25.87 Million |
+7.13% |
| 2008-12-31 | Skr224.43 Million ≈ $24.15 Million |
+23.17% |
| 2007-12-31 | Skr182.21 Million ≈ $19.61 Million |
+18.97% |
| 2006-12-31 | Skr153.16 Million ≈ $16.48 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to HMS Networks AB (publ)'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 4614.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr2.05 Billion | 58.95% |
| Common Stock | Skr1.26 Million | 0.04% |
| Other Components | Skr1.43 Billion | 41.02% |
| Total Equity | Skr3.48 Billion | 100.00% |
HMS Networks AB (publ) Competitors by Market Cap
The table below lists competitors of HMS Networks AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pan African Resources PLC
JSE:PAN
|
$2.75 Billion |
|
Alumis Inc
NASDAQ:ALMS
|
$2.75 Billion |
|
ATS CORP
TO:ATS
|
$2.75 Billion |
|
Ballarpur Industries Limited
NSE:BALLARPUR
|
$2.75 Billion |
|
Genting Malaysia Bhd
KLSE:4715
|
$2.75 Billion |
|
ATS CORP.
F:ATO0
|
$2.74 Billion |
|
BSP Financial Group Ltd
AU:BFL
|
$2.74 Billion |
|
Sinch AB
ST:SINCH
|
$2.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HMS Networks AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,504,226,000 to 3,476,000,000, a change of -28,226,000 (-0.8%).
- Net income of 435,000,000 contributed positively to equity growth.
- Dividend payments of 4,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 289,662,000.
- Other factors decreased equity by 169,564,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr435.00 Million | +12.51% |
| Dividends Paid | Skr4.00 Million | -0.12% |
| Other Comprehensive Income | Skr-289.66 Million | -8.33% |
| Other Changes | Skr-169.56 Million | -4.88% |
| Total Change | Skr- | -0.81% |
Book Value vs Market Value Analysis
This analysis compares HMS Networks AB (publ)'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: 7.36x
- 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 147.86x to 7.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | Skr3.44 | Skr508.50 | x |
| 2007-12-31 | Skr4.08 | Skr508.50 | x |
| 2008-12-31 | Skr4.90 | Skr508.50 | x |
| 2009-12-31 | Skr5.33 | Skr508.50 | x |
| 2010-12-31 | Skr6.32 | Skr508.50 | x |
| 2011-12-31 | Skr6.68 | Skr508.50 | x |
| 2012-12-31 | Skr7.60 | Skr508.50 | x |
| 2013-12-31 | Skr8.35 | Skr508.50 | x |
| 2014-12-31 | Skr9.36 | Skr508.50 | x |
| 2015-12-31 | Skr10.04 | Skr508.50 | x |
| 2016-12-31 | Skr13.65 | Skr508.50 | x |
| 2017-12-31 | Skr15.39 | Skr508.50 | x |
| 2018-12-31 | Skr18.29 | Skr508.50 | x |
| 2019-12-31 | Skr21.31 | Skr508.50 | x |
| 2020-12-31 | Skr25.70 | Skr508.50 | x |
| 2021-12-31 | Skr25.12 | Skr508.50 | x |
| 2022-12-31 | Skr34.39 | Skr508.50 | x |
| 2023-12-31 | Skr41.30 | Skr508.50 | x |
| 2024-12-31 | Skr71.71 | Skr508.50 | x |
| 2025-12-31 | Skr69.12 | Skr508.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HMS Networks AB (publ) 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): 12.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.16%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.90x
- Recent ROE (12.51%) is below the historical average (19.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 21.59% | 14.41% | 0.69x | 2.17x | Skr17.60 Million |
| 2007 | 16.25% | 10.87% | 0.76x | 1.95x | Skr11.26 Million |
| 2008 | 27.01% | 18.58% | 0.81x | 1.79x | Skr37.04 Million |
| 2009 | 8.72% | 8.45% | 0.72x | 1.43x | Skr-3.03 Million |
| 2010 | 21.85% | 17.90% | 0.88x | 1.39x | Skr33.44 Million |
| 2011 | 18.06% | 14.06% | 0.98x | 1.31x | Skr24.07 Million |
| 2012 | 15.25% | 13.66% | 0.91x | 1.22x | Skr17.97 Million |
| 2013 | 16.62% | 12.52% | 0.65x | 2.04x | Skr24.99 Million |
| 2014 | 14.93% | 10.71% | 0.71x | 1.97x | Skr20.84 Million |
| 2015 | 13.22% | 8.58% | 0.84x | 1.82x | Skr14.66 Million |
| 2016 | 15.79% | 10.55% | 0.68x | 2.21x | Skr36.82 Million |
| 2017 | 19.79% | 12.06% | 0.82x | 1.99x | Skr70.62 Million |
| 2018 | 19.98% | 12.54% | 0.87x | 1.84x | Skr85.55 Million |
| 2019 | 20.66% | 13.58% | 0.86x | 1.76x | Skr106.41 Million |
| 2020 | 18.57% | 15.24% | 0.80x | 1.52x | Skr103.11 Million |
| 2021 | 30.15% | 18.00% | 0.89x | 1.87x | Skr237.14 Million |
| 2022 | 31.55% | 20.26% | 0.92x | 1.70x | Skr346.82 Million |
| 2023 | 29.52% | 18.87% | 1.00x | 1.56x | Skr377.35 Million |
| 2024 | 8.84% | 10.12% | 0.41x | 2.14x | Skr-40.74 Million |
| 2025 | 12.51% | 12.16% | 0.54x | 1.90x | Skr87.40 Million |
Industry Comparison
This section compares HMS Networks AB (publ)'s net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,293,559,516
- Average return on equity (ROE) among peers: -61.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HMS Networks AB (publ) (HMS) | Skr3.72 Billion | 21.59% | 0.82x | $2.75 Billion |
| Alcadon Group AB (ALCA) | $767.30 Million | -1.45% | 0.97x | $82.30 Million |
| DORO AB (DORO) | $583.70 Million | 11.39% | 1.02x | $105.09 Million |
| Ependion AB (EPEN) | $1.33 Billion | 11.86% | 1.07x | $515.27 Million |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-A) | $16.67 Billion | 20.59% | 1.82x | $3.12 Billion |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) | $18.93 Billion | 4.71% | 1.64x | $36.28 Billion |
| Gapwaves AB Series B (GAPW-B) | $228.08 Million | -15.92% | 0.11x | $53.35 Million |
| Hitech & Development Wireless Sweden Holding AB (publ) (HDW-B) | $4.37 Million | -569.27% | 2.77x | $588.92K |
| Hexatronic Group AB (HTRO) | $11.12 Million | -0.80% | 0.35x | $941.40 Million |
| InCoax Networks AB (INCOAX) | $110.54 Million | -17.32% | 0.25x | $16.95 Million |
About HMS Networks AB (publ)
HMS Networks AB (publ) provides industrial information and communication technology solutions worldwide. The company offers industrial data products, including HMI and panel meters, industrial controllers, network diagnostics, network security, and remote gateway products; industrial network connectivity products comprising embedded network interfaces, functional safety, gateways and protocol con… Read more