Jetpak Top Holding AB
Jetpak Top Holding AB (publ) provides courier and logistics services in Sweden, Norway, Finland, Denmark, and Europe. It operates through two segments: Express Air and Express Road. The Express Air segment provides Jetpak direct, a door-to-door delivery service; Jetpak next day, a next day delivery service; customer specific solutions; and linehaul that offers airport-to-airport transportation se… Read more
Jetpak Top Holding AB (JETPAK) - Net Assets
Latest net assets as of September 2024: Skr911.48 Million SEK
Based on the latest financial reports, Jetpak Top Holding AB (JETPAK) has net assets worth Skr911.48 Million SEK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr1.35 Billion) and total liabilities (Skr441.00 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 | Skr911.48 Million |
| % of Total Assets | 67.39% |
| Annual Growth Rate | 6.42% |
| 5-Year Change | 40.02% |
| 10-Year Change | N/A |
| Growth Volatility | 31.59 |
Jetpak Top Holding AB - Net Assets Trend (2015–2023)
This chart illustrates how Jetpak Top Holding AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jetpak Top Holding AB (2015–2023)
The table below shows the annual net assets of Jetpak Top Holding AB from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Skr860.06 Million | +1.94% |
| 2022-12-31 | Skr843.68 Million | +17.91% |
| 2021-12-31 | Skr715.53 Million | +16.40% |
| 2020-12-31 | Skr614.72 Million | +0.08% |
| 2019-12-31 | Skr614.23 Million | +14.53% |
| 2018-12-31 | Skr536.30 Million | +78.21% |
| 2017-12-31 | Skr300.94 Million | +4.72% |
| 2016-12-31 | Skr287.38 Million | -45.01% |
| 2015-12-31 | Skr522.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jetpak Top Holding 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 grown by 460.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr365.78 Million | 42.53% |
| Common Stock | Skr12.19 Million | 1.42% |
| Other Comprehensive Income | Skr-11.48 Million | -1.33% |
| Other Components | Skr493.57 Million | 57.39% |
| Total Equity | Skr860.06 Million | 100.00% |
Jetpak Top Holding AB Competitors by Market Cap
The table below lists competitors of Jetpak Top Holding AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIOMED-LUBLIN WYT.SUR.
F:6NQ
|
$35.57 Million |
|
BANGO PLC LS-20
F:B1O
|
$35.58 Million |
|
Nyrada Inc
AU:NYR
|
$35.58 Million |
|
Vente Unique.com
PA:ALVU
|
$35.59 Million |
|
Optomed PLC
HE:OPTOMED
|
$35.53 Million |
|
Lisata Therapeutics Inc.
NASDAQ:LSTA
|
$35.53 Million |
|
Orient Technologies Limited
NSE:ORIENTTECH
|
$35.51 Million |
|
Sea Forest Limited
AU:SEA
|
$35.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jetpak Top Holding AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 843,676,000 to 860,056,000, a change of 16,380,000 (1.9%).
- Net income of 39,379,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 23,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr39.38 Million | +4.58% |
| Other Comprehensive Income | Skr-23.00 Million | -2.67% |
| Other Changes | Skr1.00K | +0.0% |
| Total Change | Skr- | 1.94% |
Book Value vs Market Value Analysis
This analysis compares Jetpak Top Holding 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: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.35x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Skr43.85 | Skr103.00 | x |
| 2016-12-31 | Skr24.28 | Skr103.00 | x |
| 2017-12-31 | Skr391.92 | Skr103.00 | x |
| 2018-12-31 | Skr331.75 | Skr103.00 | x |
| 2019-12-31 | Skr51.19 | Skr103.00 | x |
| 2020-12-31 | Skr49.98 | Skr103.00 | x |
| 2021-12-31 | Skr59.15 | Skr103.00 | x |
| 2022-12-31 | Skr69.22 | Skr103.00 | x |
| 2023-12-31 | Skr70.54 | Skr103.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jetpak Top Holding 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): 4.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.41%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.54x
- Recent ROE (4.58%) is above the historical average (2.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 7.60% | 5.82% | 0.75x | 1.74x | Skr-12.48 Million |
| 2016 | -46.77% | -19.15% | 0.79x | 3.10x | Skr-163.13 Million |
| 2017 | 17.28% | 6.88% | 0.87x | 2.89x | Skr21.91 Million |
| 2018 | 2.54% | 1.69% | 0.89x | 1.68x | Skr-40.02 Million |
| 2019 | 10.94% | 8.02% | 0.85x | 1.61x | Skr5.78 Million |
| 2020 | 7.21% | 5.02% | 0.82x | 1.76x | Skr-17.17 Million |
| 2021 | 9.81% | 7.02% | 0.84x | 1.66x | Skr-1.34 Million |
| 2022 | 10.30% | 7.13% | 0.95x | 1.53x | Skr2.56 Million |
| 2023 | 4.58% | 3.41% | 0.87x | 1.54x | Skr-46.63 Million |
Industry Comparison
This section compares Jetpak Top Holding AB's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $169,121,000
- Average return on equity (ROE) among peers: -89.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jetpak Top Holding AB (JETPAK) | Skr911.48 Million | 7.60% | 0.48x | $35.56 Million |
| Urb-it AB (URBIT) | $169.12 Million | -89.74% | 0.24x | $683.22K |