InCoax Networks AB (INCOAX) - Net Assets
Based on the latest financial reports, InCoax Networks AB (INCOAX) has net assets worth Skr120.66 Million SEK (≈ $12.99 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr155.77 Million ≈ $16.76 Million USD) and total liabilities (Skr35.11 Million ≈ $3.78 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 how resilient are InCoax Networks AB's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr120.66 Million |
| % of Total Assets | 77.46% |
| Annual Growth Rate | 34.56% |
| 5-Year Change | 349.08% |
| 10-Year Change | N/A |
| Growth Volatility | 579.36 |
InCoax Networks AB - Net Assets Trend (2016–2024)
This chart illustrates how InCoax Networks AB's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of InCoax Networks AB for the complete picture of this company's asset base.
Annual Net Assets for InCoax Networks AB (2016–2024)
The table below shows the annual net assets of InCoax Networks AB from 2016 to 2024. For live valuation and market cap data, see INCOAX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr110.54 Million ≈ $11.90 Million |
+38.83% |
| 2023-12-31 | Skr79.63 Million ≈ $8.57 Million |
-17.28% |
| 2022-12-31 | Skr96.26 Million ≈ $10.36 Million |
+55.36% |
| 2021-12-31 | Skr61.96 Million ≈ $6.67 Million |
+151.70% |
| 2020-12-31 | Skr24.62 Million ≈ $2.65 Million |
-38.16% |
| 2019-12-31 | Skr39.81 Million ≈ $4.28 Million |
+52.03% |
| 2018-12-31 | Skr26.18 Million ≈ $2.82 Million |
+1762.32% |
| 2017-12-31 | Skr1.41 Million ≈ $151.31K |
-86.33% |
| 2016-12-31 | Skr10.29 Million ≈ $1.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to InCoax Networks 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 41715921800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr27.04 Million | 24.46% |
| Other Comprehensive Income | Skr92.72 Million | 83.88% |
| Other Components | Skr409.54 Million | 370.48% |
| Total Equity | Skr110.54 Million | 100.00% |
InCoax Networks AB Competitors by Market Cap
The table below lists competitors of InCoax Networks AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UET United Electronic Technology AG
XETRA:CFC
|
$10.06 Million |
|
Impax Environmental Markets PLC
LSE:IEM
|
$10.07 Million |
|
Neola Medical AB
ST:NEOLA
|
$10.07 Million |
|
Burford Capital Limited
LSE:BUR
|
$10.07 Million |
|
Digjam Limited
NSE:DIGJAMLMTD
|
$10.05 Million |
|
Trencor
JSE:TRE
|
$10.05 Million |
|
Asmallworld AG
SW:ASWN
|
$10.05 Million |
|
Turiya Bhd
KLSE:4359
|
$10.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in InCoax Networks AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 79,625,612 to 110,541,000, a change of 30,915,388 (38.8%).
- Net loss of 19,150,000 reduced equity.
- Share repurchases of 52,636,450 reduced equity.
- New share issuances of 52,636,451 increased equity.
- Other comprehensive income increased equity by 25,649,493.
- Other factors increased equity by 24,415,894.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-19.15 Million | -17.32% |
| Share Repurchases | Skr52.64 Million | -47.62% |
| Share Issuances | Skr52.64 Million | +47.62% |
| Other Comprehensive Income | Skr25.65 Million | +23.2% |
| Other Changes | Skr24.42 Million | +22.09% |
| Total Change | Skr- | 38.83% |
Book Value vs Market Value Analysis
This analysis compares InCoax Networks 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: 0.59x
- 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.
- The price-to-book ratio has decreased from 0.98x to 0.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Skr0.72 | Skr0.71 | x |
| 2017-12-31 | Skr0.10 | Skr0.71 | x |
| 2018-12-31 | Skr1.93 | Skr0.71 | x |
| 2019-12-31 | Skr2.33 | Skr0.71 | x |
| 2020-12-31 | Skr1.02 | Skr0.71 | x |
| 2021-12-31 | Skr1.47 | Skr0.71 | x |
| 2022-12-31 | Skr1.32 | Skr0.71 | x |
| 2023-12-31 | Skr1.05 | Skr0.71 | x |
| 2024-12-31 | Skr1.20 | Skr0.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently InCoax Networks 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): -17.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.71%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.25x
- Recent ROE (-17.32%) is above the historical average (-314.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -152.84% | -835.33% | 0.12x | 1.58x | Skr-16.75 Million |
| 2017 | -1989.19% | -1029.75% | 0.22x | 8.60x | Skr-28.11 Million |
| 2018 | -188.34% | -3316.83% | 0.04x | 1.56x | Skr-51.93 Million |
| 2019 | -165.20% | -2330.23% | 0.05x | 1.34x | Skr-69.74 Million |
| 2020 | -234.91% | -1526.27% | 0.09x | 1.72x | Skr-60.28 Million |
| 2021 | -39.54% | -117.24% | 0.25x | 1.34x | Skr-30.69 Million |
| 2022 | -23.70% | -88.01% | 0.21x | 1.28x | Skr-32.44 Million |
| 2023 | -21.24% | -28.36% | 0.52x | 1.44x | Skr-24.87 Million |
| 2024 | -17.32% | -25.71% | 0.54x | 1.25x | Skr-30.20 Million |
Industry Comparison
This section compares InCoax Networks AB's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $12,732,968,515
- Average return on equity (ROE) among peers: -13.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| InCoax Networks AB (INCOAX) | Skr120.66 Million | -152.84% | 0.29x | $10.06 Million |
| Alcadon Group AB (ALCA) | $59.98 Million | 37.34% | 3.20x | $85.73 Million |
| DORO AB (DORO) | $287.00 Million | 21.11% | 1.61x | $105.09 Million |
| Ependion AB (EPEN) | $688.68 Million | 9.43% | 1.97x | $436.84 Million |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-A) | $4.39 Billion | -195.33% | 6.62x | $3.06 Billion |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) | $107.10 Billion | 21.19% | 1.85x | $35.81 Billion |
| Gapwaves AB Series B (GAPW-B) | $79.95 Million | -55.01% | 0.18x | $33.38 Million |
| Hitech & Development Wireless Sweden Holding AB (publ) (HDW-B) | $4.68 Million | 5.27% | 3.71x | $588.92K |
| HMS Networks AB (publ) (HMS) | $342.06 Million | 15.25% | 0.22x | $2.91 Billion |
| Hexatronic Group AB (HTRO) | $1.65 Billion | 15.36% | 1.86x | $843.81 Million |
About InCoax Networks AB
InCoax Networks AB (publ) re-purposes existing property coaxial networks in fiber and fixed wireless access extension deployments for communication service providers in the European Union, North America, and internationally. The company offers InCoax DPU D2501 for fiber access extension deployments in small multi-dwelling units (MDUs) in P2MP coaxial networks; in:xtnd Control, a fiber access exte… Read more