Karnell
Karnell Group AB (publ) is a private equity firm specializing investments in add-on acquisitions, expansion and small and medium-sized companies. The firm seeks to invest in B2B industrial technology companies. The firm does not invest in general distributors or systems that are dependent on third-party suppliers. The firm focuses on companies based in the Nordic region. The firm seeks to invest … Read more
Karnell (KARNEL-B) - Net Assets
Latest net assets as of September 2025: Skr1.21 Billion SEK
Based on the latest financial reports, Karnell (KARNEL-B) has net assets worth Skr1.21 Billion SEK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr2.32 Billion) and total liabilities (Skr1.12 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 | Skr1.21 Billion |
| % of Total Assets | 52.0% |
| Annual Growth Rate | 40.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.82 |
Karnell - Net Assets Trend (2021–2024)
This chart illustrates how Karnell's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Karnell (2021–2024)
The table below shows the annual net assets of Karnell from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr1.17 Billion | +50.42% |
| 2023-12-31 | Skr774.50 Million | +31.28% |
| 2022-12-31 | Skr589.96 Million | +40.16% |
| 2021-12-31 | Skr420.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Karnell'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 16870800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr130.00 Million | 11.16% |
| Common Stock | Skr5.30 Million | 0.45% |
| Other Components | Skr1.03 Billion | 88.39% |
| Total Equity | Skr1.17 Billion | 100.00% |
Karnell Competitors by Market Cap
The table below lists competitors of Karnell ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Kaichuang Marine International Co Ltd
SHG:600097
|
$190.55 Million |
|
Forus S.A
SN:FORUS
|
$190.62 Million |
|
ASCOM HLDG NA SF 0,50
F:AH2N
|
$190.62 Million |
|
CoinShares
PINK:CSNRF
|
$190.68 Million |
|
Frontier Group Holdings Inc
NASDAQ:ULCC
|
$190.48 Million |
|
en-japan inc.
PINK:ENJPY
|
$190.42 Million |
|
Elite Color Environmental Resources
SHE:002998
|
$190.38 Million |
|
Zion Oil & Gas Inc
OTCQB:ZNOG
|
$190.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Karnell's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 774,496,000 to 1,165,000,000, a change of 390,504,000 (50.4%).
- Net income of 77,500,000 contributed positively to equity growth.
- Other factors increased equity by 313,004,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr77.50 Million | +6.65% |
| Other Changes | Skr313.00 Million | +26.87% |
| Total Change | Skr- | 50.42% |
Book Value vs Market Value Analysis
This analysis compares Karnell'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: 2.72x
- 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 5.90x to 2.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Skr10.35 | Skr61.00 | x |
| 2022-12-31 | Skr14.50 | Skr61.00 | x |
| 2023-12-31 | Skr14.83 | Skr61.00 | x |
| 2024-12-31 | Skr22.41 | Skr61.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Karnell 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): 6.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.50%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.92x
- Recent ROE (6.65%) is above the historical average (6.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.30% | 2.29% | 0.52x | 1.92x | Skr-32.42 Million |
| 2022 | 6.48% | 4.34% | 0.69x | 2.17x | Skr-20.77 Million |
| 2023 | 9.99% | 7.02% | 0.69x | 2.07x | Skr-49.60K |
| 2024 | 6.65% | 5.50% | 0.63x | 1.92x | Skr-39.00 Million |
Industry Comparison
This section compares Karnell's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $846,767,931
- Average return on equity (ROE) among peers: 3.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Karnell (KARNEL-B) | Skr1.21 Billion | 2.30% | 0.92x | $190.51 Million |
| Bergman & Beving AB (publ) (BERG-B) | $947.00 Million | 19.75% | 1.44x | $530.55 Million |
| Lagercrantz Group AB (publ) (LAGR-B) | $402.00 Million | 3.48% | 1.11x | $3.51 Billion |
| Storskogen Group AB Series B (STOR-B) | $3.11 Billion | 8.05% | 1.55x | $1.15 Billion |
| Stockwik Forvaltning AB (STWK) | $109.63 Million | -41.72% | 0.41x | $6.40 Million |
| Teqnion AB (TEQ) | $214.48 Million | 15.32% | 1.11x | $98.64 Million |
| Volati AB (VOLO-PREF) | $300.50 Million | 13.58% | 2.25x | $3.18 Billion |