Mekonomen AB
Meko AB (publ), together with its subsidiaries, operates in the automotive aftermarket business in Sweden, Norway, Denmark, Finland, Poland, Estonia, Latvia, and Lithuania. The company distributes and retails spare parts, car accessories, consumables, tools, and workshop equipment; and offers maintenance and repair, and other related services under the FTZ, Koivunen, Fixus, Inter-Team, Balti Auto… Read more
Mekonomen AB (MEKO) - Net Assets
Latest net assets as of December 2025: Skr6.01 Billion SEK
Based on the latest financial reports, Mekonomen AB (MEKO) has net assets worth Skr6.01 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 (Skr17.52 Billion) and total liabilities (Skr11.51 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 | Skr6.01 Billion |
| % of Total Assets | 34.33% |
| Annual Growth Rate | 9.97% |
| 5-Year Change | 15.01% |
| 10-Year Change | 158.67% |
| Growth Volatility | 18.34 |
Mekonomen AB - Net Assets Trend (2000–2025)
This chart illustrates how Mekonomen 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 Mekonomen AB (2000–2025)
The table below shows the annual net assets of Mekonomen AB from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr6.01 Billion | -9.14% |
| 2024-12-31 | Skr6.62 Billion | +7.19% |
| 2023-12-31 | Skr6.17 Billion | +4.20% |
| 2022-12-31 | Skr5.93 Billion | +13.33% |
| 2021-12-31 | Skr5.23 Billion | +13.80% |
| 2020-12-31 | Skr4.59 Billion | +6.00% |
| 2019-12-31 | Skr4.33 Billion | +12.51% |
| 2018-12-31 | Skr3.85 Billion | +61.96% |
| 2017-12-31 | Skr2.38 Billion | +2.32% |
| 2016-12-31 | Skr2.33 Billion | +7.89% |
| 2015-12-31 | Skr2.15 Billion | +3.61% |
| 2014-12-31 | Skr2.08 Billion | -7.14% |
| 2013-12-31 | Skr2.24 Billion | -3.28% |
| 2012-12-31 | Skr2.32 Billion | +48.84% |
| 2011-12-31 | Skr1.56 Billion | +59.75% |
| 2010-12-31 | Skr974.00 Million | +8.83% |
| 2009-12-31 | Skr895.00 Million | +5.17% |
| 2008-12-31 | Skr851.00 Million | -14.56% |
| 2007-12-31 | Skr996.00 Million | +4.48% |
| 2006-12-31 | Skr953.30 Million | +2.14% |
| 2005-12-31 | Skr933.32 Million | +11.00% |
| 2004-12-31 | Skr840.79 Million | +11.45% |
| 2003-12-31 | Skr754.43 Million | +10.76% |
| 2002-12-31 | Skr681.12 Million | +13.01% |
| 2001-12-31 | Skr602.73 Million | +7.76% |
| 2000-12-31 | Skr559.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mekonomen 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 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 | Skr5.86 Billion | 100.00% |
| Total Equity | Skr5.86 Billion | 100.00% |
Mekonomen AB Competitors by Market Cap
The table below lists competitors of Mekonomen AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tianyu Ecology & Landscape Co
SHG:603717
|
$222.65 Million |
|
Harbin Air Conditioning Co Ltd
SHG:600202
|
$222.65 Million |
|
Capitol Health Ltd
AU:CAJ
|
$222.66 Million |
|
Sebang Global Battery Co Ltd
KO:004490
|
$222.68 Million |
|
Rechi Precision Co Ltd
TW:4532
|
$222.59 Million |
|
WINBO-Dongjian Automotive Technology Co. Ltd.
SHE:300978
|
$222.59 Million |
|
Avantel Limited
NSE:AVANTEL
|
$222.42 Million |
|
China Building Material
SHG:603060
|
$222.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mekonomen AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,452,000,000 to 5,862,000,000, a change of -590,000,000 (-9.1%).
- Net income of 36,000,000 contributed positively to equity growth.
- Dividend payments of 218,000,000 reduced retained earnings.
- Share repurchases of 5,000,000 reduced equity.
- Other comprehensive income decreased equity by 236,000,000.
- Other factors decreased equity by 167,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr36.00 Million | +0.61% |
| Dividends Paid | Skr218.00 Million | -3.72% |
| Share Repurchases | Skr5.00 Million | -0.09% |
| Other Comprehensive Income | Skr-236.00 Million | -4.03% |
| Other Changes | Skr-167.00 Million | -2.85% |
| Total Change | Skr- | -9.14% |
Book Value vs Market Value Analysis
This analysis compares Mekonomen 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: 0.64x
- 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 2.79x to 0.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Skr23.99 | Skr67.00 | x |
| 2006-12-31 | Skr24.67 | Skr67.00 | x |
| 2007-12-31 | Skr26.43 | Skr67.00 | x |
| 2008-12-31 | Skr22.51 | Skr67.00 | x |
| 2009-12-31 | Skr23.70 | Skr67.00 | x |
| 2010-12-31 | Skr25.81 | Skr67.00 | x |
| 2011-12-31 | Skr39.58 | Skr67.00 | x |
| 2012-12-31 | Skr55.38 | Skr67.00 | x |
| 2013-12-31 | Skr51.77 | Skr67.00 | x |
| 2014-12-31 | Skr48.01 | Skr67.00 | x |
| 2015-12-31 | Skr49.79 | Skr67.00 | x |
| 2016-12-31 | Skr53.70 | Skr67.00 | x |
| 2017-12-31 | Skr65.82 | Skr67.00 | x |
| 2018-12-31 | Skr96.38 | Skr67.00 | x |
| 2019-12-31 | Skr76.38 | Skr67.00 | x |
| 2020-12-31 | Skr80.38 | Skr67.00 | x |
| 2021-12-31 | Skr92.31 | Skr67.00 | x |
| 2022-12-31 | Skr103.79 | Skr67.00 | x |
| 2023-12-31 | Skr107.98 | Skr67.00 | x |
| 2024-12-31 | Skr115.26 | Skr67.00 | x |
| 2025-12-31 | Skr105.09 | Skr67.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mekonomen 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): 0.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.20%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.99x
- Recent ROE (0.61%) is below the historical average (15.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 13.25% | 5.04% | 1.46x | 1.80x | Skr28.82 Million |
| 2006 | 15.36% | 5.72% | 1.49x | 1.80x | Skr48.93 Million |
| 2007 | 35.58% | 13.75% | 1.71x | 1.51x | Skr250.20 Million |
| 2008 | 22.69% | 7.14% | 1.86x | 1.71x | Skr105.70 Million |
| 2009 | 27.02% | 7.57% | 2.05x | 1.74x | Skr149.30 Million |
| 2010 | 36.75% | 10.40% | 1.92x | 1.84x | Skr255.50 Million |
| 2011 | 24.69% | 9.18% | 1.36x | 1.98x | Skr226.10 Million |
| 2012 | 16.28% | 6.91% | 0.95x | 2.48x | Skr144.70 Million |
| 2013 | 13.78% | 5.24% | 1.08x | 2.44x | Skr84.20 Million |
| 2014 | 5.81% | 2.03% | 1.10x | 2.61x | Skr-86.60 Million |
| 2015 | 19.74% | 7.34% | 1.07x | 2.50x | Skr208.70 Million |
| 2016 | 14.50% | 5.64% | 1.09x | 2.36x | Skr103.90 Million |
| 2017 | 15.28% | 6.02% | 1.08x | 2.35x | Skr124.70 Million |
| 2018 | 6.79% | 3.27% | 0.73x | 2.84x | Skr-122.80 Million |
| 2019 | 9.60% | 3.44% | 0.93x | 2.99x | Skr-17.30 Million |
| 2020 | 9.54% | 3.67% | 0.96x | 2.69x | Skr-20.70 Million |
| 2021 | 11.06% | 4.56% | 0.95x | 2.56x | Skr54.60 Million |
| 2022 | 7.83% | 3.15% | 0.91x | 2.72x | Skr-126.10 Million |
| 2023 | 6.94% | 2.43% | 1.08x | 2.66x | Skr-184.80 Million |
| 2024 | 6.71% | 2.33% | 1.10x | 2.62x | Skr-212.20 Million |
| 2025 | 0.61% | 0.20% | 1.05x | 2.99x | Skr-550.20 Million |
Industry Comparison
This section compares Mekonomen AB's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,434,083,333
- Average return on equity (ROE) among peers: 5.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mekonomen AB (MEKO) | Skr6.01 Billion | 13.25% | 1.91x | $222.64 Million |
| Bulten AB (BULTEN) | $1.36 Billion | 10.92% | 0.45x | $57.24 Million |
| Pierce Group AB (PIERCE) | $719.00 Million | -8.07% | 0.51x | $38.72 Million |
| VBG Group AB (publ) (VBG-B) | $2.23 Billion | 12.26% | 0.76x | $529.41 Million |