MedCap AB (publ)
MedCap AB (publ) is a private equity firm specializing in investments in secondary direct, later stage, industry consolidation, add-on acquisitions, growth capital, middle market, mature, turnarounds, buyout. It prefers to invest in healthcare equipment and services, biotechnology, life sciences, pharmaceuticals, med tech and assistive tech companies. The firm prefers to invest in small to medium… Read more
MedCap AB (publ) (MCAP) - Net Assets
Latest net assets as of December 2025: Skr1.46 Billion SEK
Based on the latest financial reports, MedCap AB (publ) (MCAP) has net assets worth Skr1.46 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 (Skr2.61 Billion) and total liabilities (Skr1.15 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 | Skr1.46 Billion |
| % of Total Assets | 55.98% |
| Annual Growth Rate | 14.5% |
| 5-Year Change | 109.1% |
| 10-Year Change | 399.13% |
| Growth Volatility | 19.13 |
MedCap AB (publ) - Net Assets Trend (2007–2025)
This chart illustrates how MedCap 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 MedCap AB (publ) (2007–2025)
The table below shows the annual net assets of MedCap AB (publ) from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr1.46 Billion | +13.25% |
| 2024-12-31 | Skr1.29 Billion | +25.42% |
| 2023-12-31 | Skr1.03 Billion | +19.61% |
| 2022-12-31 | Skr858.70 Million | +23.08% |
| 2021-12-31 | Skr697.70 Million | +15.90% |
| 2020-12-31 | Skr602.00 Million | +80.89% |
| 2019-12-31 | Skr332.80 Million | +21.55% |
| 2018-12-31 | Skr273.80 Million | +2.28% |
| 2017-12-31 | Skr267.70 Million | -8.41% |
| 2016-12-31 | Skr292.29 Million | -5.15% |
| 2015-12-31 | Skr308.15 Million | +9.81% |
| 2014-12-31 | Skr280.63 Million | +26.46% |
| 2013-12-31 | Skr221.92 Million | +13.53% |
| 2012-12-31 | Skr195.48 Million | +15.11% |
| 2011-12-31 | Skr169.82 Million | -5.65% |
| 2010-12-31 | Skr179.99 Million | +5.91% |
| 2009-12-31 | Skr169.94 Million | +26.71% |
| 2008-12-31 | Skr134.11 Million | +5.24% |
| 2007-12-31 | Skr127.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MedCap 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 grown by 3474300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr6.03 Million | 0.42% |
| Other Components | Skr1.45 Billion | 99.58% |
| Total Equity | Skr1.45 Billion | 100.00% |
MedCap AB (publ) Competitors by Market Cap
The table below lists competitors of MedCap AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MorningStar Partners, L.P.
NYSE:TXO
|
$507.44 Million |
|
Jiangxi Ganneng Co Ltd
SHE:000899
|
$507.45 Million |
|
Pell Bio-Med Technology Co., Ltd.
TW:6949
|
$507.62 Million |
|
Top Resource Conservation Engineering Co Ltd
SHE:300332
|
$507.68 Million |
|
Si-Bone Inc
NASDAQ:SIBN
|
$507.40 Million |
|
CGN Nuclear Technology Development Co Ltd
SHE:000881
|
$507.24 Million |
|
Senton Energy Co. Ltd. A
SHE:001331
|
$507.09 Million |
|
Kunshan Guoli Electronic Technology Co Ltd
SHG:688103
|
$507.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MedCap AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,282,000,000 to 1,452,100,000, a change of 170,100,000 (13.3%).
- Net income of 219,800,000 contributed positively to equity growth.
- Share repurchases of 26,100,000 reduced equity.
- New share issuances of 30,000,000 increased equity.
- Other comprehensive income decreased equity by 28,399,999.
- Other factors decreased equity by 25,200,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr219.80 Million | +15.14% |
| Share Repurchases | Skr26.10 Million | -1.8% |
| Share Issuances | Skr30.00 Million | +2.07% |
| Other Comprehensive Income | Skr-28.40 Million | -1.96% |
| Other Changes | Skr-25.20 Million | -1.74% |
| Total Change | Skr- | 13.27% |
Book Value vs Market Value Analysis
This analysis compares MedCap 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: 4.95x
- 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 43.39x to 4.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | Skr11.04 | Skr479.00 | x |
| 2008-12-31 | Skr10.97 | Skr479.00 | x |
| 2009-12-31 | Skr11.87 | Skr479.00 | x |
| 2010-12-31 | Skr12.70 | Skr479.00 | x |
| 2011-12-31 | Skr13.65 | Skr479.00 | x |
| 2012-12-31 | Skr15.29 | Skr479.00 | x |
| 2013-12-31 | Skr17.25 | Skr479.00 | x |
| 2014-12-31 | Skr19.82 | Skr479.00 | x |
| 2015-12-31 | Skr21.03 | Skr479.00 | x |
| 2016-12-31 | Skr20.21 | Skr479.00 | x |
| 2017-12-31 | Skr19.76 | Skr479.00 | x |
| 2018-12-31 | Skr20.21 | Skr479.00 | x |
| 2019-12-31 | Skr24.37 | Skr479.00 | x |
| 2020-12-31 | Skr41.49 | Skr479.00 | x |
| 2021-12-31 | Skr47.02 | Skr479.00 | x |
| 2022-12-31 | Skr57.83 | Skr479.00 | x |
| 2023-12-31 | Skr68.85 | Skr479.00 | x |
| 2024-12-31 | Skr86.47 | Skr479.00 | x |
| 2025-12-31 | Skr96.78 | Skr479.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MedCap 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): 15.14%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.43%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.79x
- Recent ROE (15.14%) is above the historical average (7.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -6.06% | -4.09% | 0.97x | 1.53x | Skr-20.47 Million |
| 2008 | 0.09% | 0.06% | 0.93x | 1.57x | Skr-12.64 Million |
| 2009 | 4.20% | 2.24% | 0.85x | 2.21x | Skr-8.00 Million |
| 2010 | 9.08% | 4.28% | 1.02x | 2.08x | Skr-1.37 Million |
| 2011 | 6.68% | 3.18% | 1.08x | 1.94x | Skr-5.32 Million |
| 2012 | 9.24% | 4.90% | 0.96x | 1.97x | Skr-1.41 Million |
| 2013 | 10.82% | 2.74% | 1.37x | 2.88x | Skr1.71 Million |
| 2014 | 3.19% | 1.00% | 1.55x | 2.06x | Skr-18.16 Million |
| 2015 | 6.90% | 2.38% | 1.28x | 2.26x | Skr-8.73 Million |
| 2016 | 0.03% | 0.01% | 1.51x | 2.08x | Skr-27.02 Million |
| 2017 | 0.79% | 0.51% | 0.69x | 2.27x | Skr-24.38 Million |
| 2018 | 0.22% | 0.08% | 1.06x | 2.47x | Skr-26.53 Million |
| 2019 | 16.38% | 7.09% | 0.90x | 2.57x | Skr20.92 Million |
| 2020 | 10.22% | 7.45% | 0.76x | 1.82x | Skr1.33 Million |
| 2021 | 13.86% | 10.53% | 0.78x | 1.68x | Skr26.90 Million |
| 2022 | 13.73% | 10.58% | 0.78x | 1.67x | Skr31.97 Million |
| 2023 | 16.83% | 10.85% | 0.95x | 1.62x | Skr69.91 Million |
| 2024 | 16.18% | 11.48% | 0.91x | 1.55x | Skr79.20 Million |
| 2025 | 15.14% | 10.43% | 0.81x | 1.79x | Skr74.59 Million |
Industry Comparison
This section compares MedCap AB (publ)'s net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $75,200,026
- Average return on equity (ROE) among peers: -74.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MedCap AB (publ) (MCAP) | Skr1.46 Billion | -6.06% | 0.79x | $507.41 Million |
| Acarix A/S (ACARIX) | $76.60 Million | -60.65% | 0.08x | $28.86 Million |
| Arcoma AB (ARCOMA) | $12.52 Million | -92.85% | 4.66x | $8.93 Million |
| Bactiguard Holding AB (publ) (BACTI-B) | $353.18 Million | -39.18% | 0.87x | $19.20 Million |
| CellaVision AB (CEVI) | $20.07 Million | 13.08% | 1.20x | $262.59 Million |
| Clinical Laserthermia Systems AB (publ) (CLS-B) | $65.69 Million | -72.50% | 0.20x | $13.78 Million |
| Chordate Medical Holding AB (CMH) | $38.95 Million | -55.88% | 0.13x | $17.64K |
| Coala Life Group AB (COALA) | $52.33 Million | -287.99% | 0.53x | $468.93K |
| C-Rad AB (publ) (CRAD-B) | $93.64 Million | 22.63% | 0.57x | $56.67 Million |
| Duearity AB (DEAR) | $-2.39 Million | 0.00% | 0.00x | $34.43K |
| Episurf Medical AB (publ) (EPIS-B) | $41.40 Million | -170.53% | 0.39x | $5.40 Million |