IAR Systems Group AB (publ) (IAR-B) - Net Assets
Based on the latest financial reports, IAR Systems Group AB (publ) (IAR-B) has net assets worth Skr435.90 Million SEK (≈ $46.91 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr683.90 Million ≈ $73.60 Million USD) and total liabilities (Skr248.00 Million ≈ $26.69 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 IAR-B financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr435.90 Million |
| % of Total Assets | 63.74% |
| Annual Growth Rate | 10.25% |
| 5-Year Change | -24.6% |
| 10-Year Change | 58.99% |
| Growth Volatility | 129.05 |
IAR Systems Group AB (publ) - Net Assets Trend (2004–2024)
This chart illustrates how IAR Systems Group AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore IAR-B total asset value for the complete picture of this company's asset base.
Annual Net Assets for IAR Systems Group AB (publ) (2004–2024)
The table below shows the annual net assets of IAR Systems Group AB (publ) from 2004 to 2024. For live valuation and market cap data, see IAR-B company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr462.50 Million ≈ $49.77 Million |
+9.23% |
| 2023-12-31 | Skr423.40 Million ≈ $45.56 Million |
-36.50% |
| 2022-12-31 | Skr666.80 Million ≈ $71.76 Million |
+13.92% |
| 2021-12-31 | Skr585.30 Million ≈ $62.99 Million |
-4.58% |
| 2020-12-31 | Skr613.40 Million ≈ $66.01 Million |
+3.61% |
| 2019-12-31 | Skr592.00 Million ≈ $63.71 Million |
+7.64% |
| 2018-12-31 | Skr550.00 Million ≈ $59.19 Million |
+89.39% |
| 2017-12-31 | Skr290.40 Million ≈ $31.25 Million |
+3.90% |
| 2016-12-31 | Skr279.50 Million ≈ $30.08 Million |
-3.92% |
| 2015-12-31 | Skr290.90 Million ≈ $31.31 Million |
+0.80% |
| 2014-12-31 | Skr288.60 Million ≈ $31.06 Million |
-2.17% |
| 2013-12-31 | Skr295.00 Million ≈ $31.75 Million |
+16.23% |
| 2012-12-31 | Skr253.80 Million ≈ $27.31 Million |
+5.27% |
| 2011-12-31 | Skr241.10 Million ≈ $25.95 Million |
-59.72% |
| 2010-12-31 | Skr598.50 Million ≈ $64.41 Million |
+1.12% |
| 2009-12-31 | Skr591.90 Million ≈ $63.70 Million |
-0.80% |
| 2008-12-31 | Skr596.70 Million ≈ $64.21 Million |
+0.67% |
| 2007-12-31 | Skr592.70 Million ≈ $63.78 Million |
+0.07% |
| 2006-12-31 | Skr592.30 Million ≈ $63.74 Million |
+31.94% |
| 2005-12-31 | Skr448.90 Million ≈ $48.31 Million |
+583.26% |
| 2004-12-31 | Skr65.70 Million ≈ $7.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IAR Systems Group 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 2270000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr22.70 Million | 4.91% |
| Common Stock | Skr139.70 Million | 30.21% |
| Other Comprehensive Income | Skr72.00 Million | 15.57% |
| Other Components | Skr228.10 Million | 49.32% |
| Total Equity | Skr462.50 Million | 100.00% |
IAR Systems Group AB (publ) Competitors by Market Cap
The table below lists competitors of IAR Systems Group AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thoresen Thai Agencies Public Company Limited
BK:TTA-R
|
$246.80 Million |
|
Sunrex Technology Corp
TW:2387
|
$246.93 Million |
|
Graf Global Corp
NYSE MKT:GRAF
|
$247.02 Million |
|
Launch One Acquisition Corp. Unit
NASDAQ:LPAAU
|
$247.02 Million |
|
Polyram Plastic Industries Ltd
TA:POLP
|
$246.74 Million |
|
SIM Acquisition Corp. I Class A Ordinary Shares
NASDAQ:SIMA
|
$246.56 Million |
|
Profound Medical Corp
TO:PRN
|
$246.52 Million |
|
Kogan.com Ltd
AU:KGN
|
$246.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IAR Systems Group AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 423,400,000 to 462,500,000, a change of 39,100,000 (9.2%).
- Net income of 135,200,000 contributed positively to equity growth.
- Dividend payments of 20,000,000 reduced retained earnings.
- Share repurchases of 86,600,000 reduced equity.
- Other comprehensive income increased equity by 1,500,000.
- Other factors increased equity by 9,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr135.20 Million | +29.23% |
| Dividends Paid | Skr20.00 Million | -4.32% |
| Share Repurchases | Skr86.60 Million | -18.72% |
| Other Comprehensive Income | Skr1.50 Million | +0.32% |
| Other Changes | Skr9.00 Million | +1.95% |
| Total Change | Skr- | 9.23% |
Book Value vs Market Value Analysis
This analysis compares IAR Systems Group 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: 5.27x
- 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 27.34x to 5.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Skr6.58 | Skr180.00 | x |
| 2005-12-31 | Skr44.98 | Skr180.00 | x |
| 2006-12-31 | Skr57.28 | Skr180.00 | x |
| 2007-12-31 | Skr51.09 | Skr180.00 | x |
| 2008-12-31 | Skr53.85 | Skr180.00 | x |
| 2009-12-31 | Skr53.57 | Skr180.00 | x |
| 2010-12-31 | Skr54.16 | Skr180.00 | x |
| 2011-12-31 | Skr21.82 | Skr180.00 | x |
| 2012-12-31 | Skr20.74 | Skr180.00 | x |
| 2013-12-31 | Skr23.36 | Skr180.00 | x |
| 2014-12-31 | Skr22.85 | Skr180.00 | x |
| 2015-12-31 | Skr23.03 | Skr180.00 | x |
| 2016-12-31 | Skr22.13 | Skr180.00 | x |
| 2017-12-31 | Skr22.99 | Skr180.00 | x |
| 2018-12-31 | Skr41.89 | Skr180.00 | x |
| 2019-12-31 | Skr43.34 | Skr180.00 | x |
| 2020-12-31 | Skr44.94 | Skr180.00 | x |
| 2021-12-31 | Skr42.91 | Skr180.00 | x |
| 2022-12-31 | Skr48.49 | Skr180.00 | x |
| 2023-12-31 | Skr31.00 | Skr180.00 | x |
| 2024-12-31 | Skr34.13 | Skr180.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IAR Systems Group 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): 29.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.75%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.57x
- Recent ROE (29.23%) is above the historical average (9.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 39.42% | 12.09% | 1.57x | 2.07x | Skr19.33 Million |
| 2005 | 12.70% | 8.97% | 0.90x | 1.58x | Skr12.11 Million |
| 2006 | 9.02% | 6.92% | 0.96x | 1.36x | Skr-5.83 Million |
| 2007 | 10.01% | 11.15% | 0.74x | 1.21x | Skr30.00K |
| 2008 | 5.30% | 5.54% | 0.75x | 1.27x | Skr-28.07 Million |
| 2009 | 0.32% | 0.32% | 0.82x | 1.25x | Skr-57.29 Million |
| 2010 | 3.48% | 8.54% | 0.33x | 1.24x | Skr-39.05 Million |
| 2011 | -7.80% | -9.38% | 0.65x | 1.28x | Skr-42.91 Million |
| 2012 | 5.12% | 5.65% | 0.71x | 1.28x | Skr-12.38 Million |
| 2013 | 10.14% | 12.99% | 0.62x | 1.25x | Skr400.00K |
| 2014 | 14.62% | 16.50% | 0.68x | 1.30x | Skr13.34 Million |
| 2015 | 21.79% | 20.34% | 0.78x | 1.37x | Skr34.31 Million |
| 2016 | 26.48% | 22.53% | 0.83x | 1.42x | Skr46.05 Million |
| 2017 | 27.55% | 23.19% | 0.84x | 1.41x | Skr50.96 Million |
| 2018 | 15.93% | 22.74% | 0.53x | 1.31x | Skr32.60 Million |
| 2019 | 13.72% | 20.02% | 0.49x | 1.39x | Skr22.00 Million |
| 2020 | 9.68% | 15.97% | 0.45x | 1.36x | Skr-1.94 Million |
| 2021 | -11.52% | -18.94% | 0.44x | 1.39x | Skr-125.93 Million |
| 2022 | 8.67% | 13.77% | 0.46x | 1.38x | Skr-8.88 Million |
| 2023 | -54.09% | -49.99% | 0.65x | 1.65x | Skr-271.34 Million |
| 2024 | 29.23% | 27.75% | 0.67x | 1.57x | Skr88.95 Million |
Industry Comparison
This section compares IAR Systems Group AB (publ)'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $164,488,692
- Average return on equity (ROE) among peers: -79.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IAR Systems Group AB (publ) (IAR-B) | Skr435.90 Million | 39.42% | 0.57x | $246.77 Million |
| 24SevenOffice Scandinavia AB (247) | $414.56 Million | -17.81% | 0.89x | $67.95 Million |
| eEducation Albert AB (ALBERT) | $45.42 Million | -137.73% | 1.84x | $11.25 Million |
| AppSpotr AB (APTR) | $36.54 Million | -80.26% | 0.22x | $28.96 Million |
| Better Collective (BETCO) | $685.93 Million | 4.96% | 0.71x | $899.81 Million |
| BIMobject AB (BIM) | $282.06 Million | -28.81% | 0.34x | $71.75 Million |
| Bambuser AB (BUSER) | $7.37 Million | -268.23% | 0.60x | $24.10 Million |
| CodeMill AB (CDMIL) | $48.59 Million | -28.16% | 0.71x | $22.72 Million |
| Crunchfish AB (CFISH) | $58.77 Million | -44.06% | 0.13x | $30.49 Million |
| ChargePanel AB (CHARGE) | $672.00K | 3.13% | 2.05x | $5.99 Million |
| Checkin.com Group AB (CHECK) | $64.96 Million | -199.64% | 0.21x | $10.26 Million |
About IAR Systems Group AB (publ)
IAR Systems Group AB (publ) provides programming processors in embedded systems and embedded security solutions in the United States, Japan, China, South Korea, the United Kingdom, Germany, France, Sweden, and internationally. The company offers a platform for software development teams; and embedded development platform solutions, such as design and code generation, comprehensive development, em… Read more