Karnov Group AB (publ) provides online and offline information products and services for professionals in the areas of legal, tax and accounting, environmental, and health and safety in Denmark, Norway, France, Sweden, Portugal, and Spain. The company principally offers subscription-based online solutions. It also publishes and sells printed books and journals, as well as hosts legal training courses. The company provides its products under the Karnov Group, Norstedts Juridik, Notisum, Legal Cross Border, Forlaget Andersen, DIBkunnsk… Read more
Karnov Group AB (KAR) - Net Assets
Latest net assets as of March 2025: Skr2.34 Billion SEK
Based on the latest financial reports, Karnov Group AB (KAR) has net assets worth Skr2.34 Billion SEK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr6.91 Billion) and total liabilities (Skr4.56 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
| Current Net Assets | Skr2.34 Billion | % of Total Assets | 33.93% |
|---|---|---|---|
| Annual Growth Rate | 17.04% | 5-Year Change | 53.05% |
| 10-Year Change | N/A | Growth Volatility | 47.58 |
Karnov Group AB - Net Assets Trend (2016–2024)
This chart illustrates how Karnov Group 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 Karnov Group AB (2016–2024)
The table below shows the annual net assets of Karnov Group AB from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr2.37 Billion | +1.56% |
| 2023-12-31 | Skr2.34 Billion | +0.46% |
| 2022-12-31 | Skr2.33 Billion | +8.00% |
| 2021-12-31 | Skr2.15 Billion | +38.90% |
| 2020-12-31 | Skr1.55 Billion | +1.58% |
| 2019-12-31 | Skr1.53 Billion | +144.20% |
| 2018-12-31 | Skr625.21 Million | -11.34% |
| 2017-12-31 | Skr705.21 Million | +4.60% |
| 2016-12-31 | Skr674.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Karnov Group 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 9021200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr1.70 Million | 0.07% |
| Other Components | Skr2.46 Billion | 103.69% |
| Total Equity | Skr2.37 Billion | 100.00% |
Karnov Group AB Competitors by Market Cap
The table below lists competitors of Karnov Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yankey Engineering Co Ltd
TW:6691
|
$710.15 Million |
|
LandMark Optoelectronics
TWO:3081
|
$710.35 Million |
|
China CYTS Tours Holding Co Ltd
SHG:600138
|
$711.22 Million |
|
Eternal Materials Co Ltd
TW:1717
|
$711.51 Million |
|
Odfjell Drilling Ltd
OL:ODL
|
$709.87 Million |
|
Shenzhen Rongda Photosensitive & Technology Co Ltd
SHE:300576
|
$709.71 Million |
|
Biotage AB (publ)
OTCGREY:BITGF
|
$709.17 Million |
|
NXAGF
PINK:NXAGF
|
$709.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Karnov Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,337,000,000 to 2,373,500,000, a change of 36,500,000 (1.6%).
- Net loss of 33,100,000 reduced equity.
- Other comprehensive income increased equity by 253,400,000.
- Other factors decreased equity by 183,800,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-33.10 Million | -1.39% |
| Other Comprehensive Income | Skr253.40 Million | +10.68% |
| Other Changes | Skr-183.80 Million | -7.74% |
| Total Change | Skr 36.50 Million | +1.56% |
Book Value vs Market Value Analysis
This analysis compares Karnov Group AB's book value (net assets per share) with its market price over time, revealing how the market values the company relative to its accounting value.
Valuation Insights
- Current price-to-book ratio: 4.65x
- 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 15.68x to 4.65x over the analyzed period, indicating reduced market premium.
Price-to-Book Ratio History
| Year | Book Value Per Share | Market Price | Price-to-Book Ratio |
|---|---|---|---|
| 2016 | Skr6.52 | Skr102.20 | 15.68x |
| 2017 | Skr6.80 | Skr102.20 | 15.03x |
| 2018 | Skr6.21 | Skr102.20 | 16.45x |
| 2019 | Skr17.99 | Skr102.20 | 5.68x |
| 2020 | Skr15.80 | Skr102.20 | 6.47x |
| 2021 | Skr21.85 | Skr102.20 | 4.68x |
| 2022 | Skr21.46 | Skr102.20 | 4.76x |
| 2023 | Skr21.62 | Skr102.20 | 4.73x |
| 2024 | Skr22.00 | Skr102.20 | 4.65x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Karnov Group 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): -1.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.28%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.16x
- Recent ROE (-1.39%) is below the historical average (-0.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -13.29% | -20.05% | 0.18x | 3.59x | Skr-148.29 Million |
| 2017 | 1.10% | 1.62% | 0.19x | 3.61x | Skr-59.08 Million |
| 2018 | -8.39% | -7.12% | 0.21x | 5.59x | Skr-111.59 Million |
| 2019 | 0.17% | 0.35% | 0.22x | 2.23x | Skr-150.03 Million |
| 2020 | 6.47% | 12.95% | 0.21x | 2.39x | Skr-54.46 Million |
| 2021 | 3.95% | 9.67% | 0.19x | 2.11x | Skr-129.84 Million |
| 2022 | 2.58% | 5.38% | 0.15x | 3.21x | Skr-172.08 Million |
| 2023 | 1.63% | 1.54% | 0.36x | 2.97x | Skr-195.50 Million |
| 2024 | -1.39% | -1.28% | 0.35x | 3.16x | Skr-270.45 Million |
Industry Comparison
This section compares Karnov Group AB's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $564,910,674
- Average return on equity (ROE) among peers: 11.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Karnov Group AB (KAR) | Skr2.34 Billion | -13.29% | 1.95x | $709.97 Million |
| Aventura Group AB Series B (AVENT-B) | $-9.06 Million | 0.00% | 0.00x | $48.50K |
| Awardit AB (AWRD) | $107.63 Million | 3.02% | 1.51x | $40.73 Million |
| COOR Service Management AB (COOR) | $2.73 Billion | 4.54% | 1.28x | $325.00 Million |
| Drillcon AB (DRIL) | $125.56 Million | -4.17% | 0.70x | $18.38 Million |
| Elanders AB (publ) (ELAN-B) | $556.36 Million | -8.81% | 1.95x | $86.55 Million |
| Green Landscaping Group AB (publ) (GREEN) | $895.70 Million | 10.27% | 2.54x | $177.33 Million |
| Nepa AB (NEPA) | $2.46 Million | 86.38% | 15.99x | $8.17 Million |
| ScandBook Holding AB (SBOK) | $107.64 Million | 3.12% | 1.00x | $6.05 Million |