JM AB (publ)
JM AB (publ) constructs, develops, and sells housing and residential areas in the Nordic region. It operates through JM Residential Stockholm, JM Residential Sweden, JM Norway, JM Finland, and JM Property Development segments. The company also engages in the acquisition of development properties; planning, pre-construction, production, and sale of residential units; development of rental units, r… Read more
JM AB (publ) (JM) - Net Assets
Latest net assets as of December 2025: Skr7.93 Billion SEK
Based on the latest financial reports, JM AB (publ) (JM) has net assets worth Skr7.93 Billion SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr23.71 Billion) and total liabilities (Skr15.78 Billion). 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 | Skr7.93 Billion |
| % of Total Assets | 33.46% |
| Annual Growth Rate | 3.02% |
| 5-Year Change | -5.36% |
| 10-Year Change | 60.27% |
| Growth Volatility | 8.59 |
JM AB (publ) - Net Assets Trend (2000–2025)
This chart illustrates how JM AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for JM AB (publ) (2000–2025)
The table below shows the annual net assets of JM AB (publ) from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr7.93 Billion | -2.88% |
| 2024-12-31 | Skr8.17 Billion | +2.48% |
| 2023-12-31 | Skr7.97 Billion | -8.62% |
| 2022-12-31 | Skr8.72 Billion | +4.06% |
| 2021-12-31 | Skr8.38 Billion | +10.34% |
| 2020-12-31 | Skr7.60 Billion | +6.62% |
| 2019-12-31 | Skr7.13 Billion | +7.25% |
| 2018-12-31 | Skr6.64 Billion | +9.95% |
| 2017-12-31 | Skr6.04 Billion | +22.06% |
| 2016-12-31 | Skr4.95 Billion | +9.51% |
| 2015-12-31 | Skr4.52 Billion | -2.46% |
| 2014-12-31 | Skr4.63 Billion | +4.04% |
| 2013-12-31 | Skr4.46 Billion | -4.54% |
| 2012-12-31 | Skr4.67 Billion | +1.50% |
| 2011-12-31 | Skr4.60 Billion | +17.21% |
| 2010-12-31 | Skr3.92 Billion | +6.95% |
| 2009-12-31 | Skr3.67 Billion | +13.17% |
| 2008-12-31 | Skr3.24 Billion | -16.75% |
| 2007-12-31 | Skr3.89 Billion | +8.44% |
| 2006-12-31 | Skr3.59 Billion | +8.43% |
| 2005-12-31 | Skr3.31 Billion | -4.44% |
| 2004-12-31 | Skr3.46 Billion | +5.48% |
| 2003-12-31 | Skr3.29 Billion | -7.98% |
| 2002-12-31 | Skr3.57 Billion | -6.62% |
| 2001-12-31 | Skr3.82 Billion | +1.41% |
| 2000-12-31 | Skr3.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to JM 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Skr7.93 Billion | 100.00% |
| Total Equity | Skr7.93 Billion | 100.00% |
JM AB (publ) Competitors by Market Cap
The table below lists competitors of JM AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GS Engineering & Construction
KO:006360
|
$632.14 Million |
|
Johnson Electric Holdings Limited
PINK:JELCF
|
$632.17 Million |
|
ELOPAK AS NK -6975584
F:9J7
|
$632.21 Million |
|
Aerospace Cf
SHG:600855
|
$632.31 Million |
|
Conduit Holdings Limited
OTCGREY:CNDHF
|
$631.85 Million |
|
Beingmate Baby & Child Food Co Ltd
SHE:002570
|
$631.84 Million |
|
Yunnan Xiyi Industrial Co Ltd
SHE:002265
|
$631.76 Million |
|
VA Tech Wabag Limited
NSE:WABAG
|
$631.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JM AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,170,000,000 to 7,935,000,000, a change of -235,000,000 (-2.9%).
- Net income of 56,000,000 contributed positively to equity growth.
- Dividend payments of 210,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 28,000,000.
- Other factors decreased equity by 109,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr56.00 Million | +0.71% |
| Dividends Paid | Skr210.00 Million | -2.65% |
| Other Comprehensive Income | Skr28.00 Million | +0.35% |
| Other Changes | Skr-109.00 Million | -1.37% |
| Total Change | Skr- | -2.88% |
Book Value vs Market Value Analysis
This analysis compares JM 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: 0.99x
- 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 4.07x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Skr29.80 | Skr121.30 | x |
| 2003-12-31 | Skr29.01 | Skr121.30 | x |
| 2004-12-31 | Skr30.87 | Skr121.30 | x |
| 2005-12-31 | Skr31.88 | Skr121.30 | x |
| 2006-12-31 | Skr37.61 | Skr121.30 | x |
| 2007-12-31 | Skr42.74 | Skr121.30 | x |
| 2008-12-31 | Skr37.69 | Skr121.30 | x |
| 2009-12-31 | Skr43.47 | Skr121.30 | x |
| 2010-12-31 | Skr46.33 | Skr121.30 | x |
| 2011-12-31 | Skr54.38 | Skr121.30 | x |
| 2012-12-31 | Skr56.03 | Skr121.30 | x |
| 2013-12-31 | Skr56.40 | Skr121.30 | x |
| 2014-12-31 | Skr60.28 | Skr121.30 | x |
| 2015-12-31 | Skr60.40 | Skr121.30 | x |
| 2016-12-31 | Skr68.08 | Skr121.30 | x |
| 2017-12-31 | Skr85.30 | Skr121.30 | x |
| 2018-12-31 | Skr95.10 | Skr121.30 | x |
| 2019-12-31 | Skr101.82 | Skr121.30 | x |
| 2020-12-31 | Skr108.45 | Skr121.30 | x |
| 2021-12-31 | Skr120.53 | Skr121.30 | x |
| 2022-12-31 | Skr129.47 | Skr121.30 | x |
| 2023-12-31 | Skr123.59 | Skr121.30 | x |
| 2024-12-31 | Skr126.66 | Skr121.30 | x |
| 2025-12-31 | Skr123.01 | Skr121.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JM 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): 0.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.52%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.99x
- Recent ROE (0.71%) is below the historical average (20.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.41% | 12.34% | 0.60x | 3.03x | Skr468.00 Million |
| 2002 | 7.09% | 2.85% | 0.83x | 2.98x | Skr-104.00 Million |
| 2003 | 5.69% | 2.40% | 0.85x | 2.78x | Skr-141.50 Million |
| 2004 | 13.68% | 5.56% | 1.03x | 2.38x | Skr127.50 Million |
| 2005 | 29.48% | 9.87% | 1.21x | 2.46x | Skr644.90 Million |
| 2006 | 43.68% | 13.00% | 1.44x | 2.34x | Skr1.21 Billion |
| 2007 | 42.77% | 13.08% | 1.28x | 2.55x | Skr1.28 Billion |
| 2008 | 25.24% | 6.69% | 1.22x | 3.10x | Skr493.90 Million |
| 2009 | 10.33% | 4.32% | 0.88x | 2.71x | Skr12.20 Million |
| 2010 | 15.14% | 6.50% | 0.92x | 2.52x | Skr201.70 Million |
| 2011 | 22.66% | 8.68% | 1.06x | 2.46x | Skr582.20 Million |
| 2012 | 20.59% | 7.70% | 1.08x | 2.48x | Skr494.30 Million |
| 2013 | 24.78% | 8.76% | 1.13x | 2.50x | Skr658.50 Million |
| 2014 | 28.18% | 9.19% | 1.15x | 2.67x | Skr842.50 Million |
| 2015 | 24.00% | 7.78% | 1.16x | 2.65x | Skr632.90 Million |
| 2016 | 29.85% | 9.67% | 1.23x | 2.52x | Skr982.90 Million |
| 2017 | 37.38% | 13.08% | 1.02x | 2.80x | Skr1.65 Billion |
| 2018 | 21.42% | 9.08% | 0.76x | 3.11x | Skr758.60 Million |
| 2019 | 21.41% | 9.78% | 0.68x | 3.22x | Skr813.40 Million |
| 2020 | 20.26% | 9.45% | 0.71x | 3.04x | Skr779.20 Million |
| 2021 | 21.52% | 11.53% | 0.64x | 2.91x | Skr965.60 Million |
| 2022 | 17.14% | 9.49% | 0.65x | 2.79x | Skr622.60 Million |
| 2023 | 12.91% | 6.44% | 0.53x | 3.77x | Skr231.80 Million |
| 2024 | 4.32% | 2.47% | 0.57x | 3.08x | Skr-464.00 Million |
| 2025 | 0.71% | 0.52% | 0.45x | 2.99x | Skr-737.50 Million |
Industry Comparison
This section compares JM AB (publ)'s net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $3,836,857,500
- Average return on equity (ROE) among peers: 12.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JM AB (publ) (JM) | Skr7.93 Billion | 22.41% | 1.99x | $631.87 Million |
| Balco Group AB (BALCO) | $440.50 Million | 17.42% | 1.41x | $15.54 Million |
| Bonava AB (publ) (BONAV-A) | $7.92 Billion | 9.25% | 1.89x | $181.14 Million |
| K-Fast Holding AB (publ) (KFAST-B) | $5.17 Billion | 17.55% | 1.95x | $75.95 Million |
| Studentbostader I Sverige AB (STUDBO) | $1.82 Billion | 6.29% | 2.27x | $45.28 Million |