Midsummer AB (publ)
Midsummer AB (publ) develops, manufactures, and sells solar panels to industrial and commercial properties, public sector organizations, private individuals, and roof and solar cell installers. It offers Midsummer DUO, a ready-made manufacturing system to produce cadmium-free thin-film solar cells; Midsummer UNO, a tool for thin films used for solar cell research; Midsummer SLIM, a solar roof tha… Read more
Midsummer AB (publ) (MIDS) - Net Assets
Latest net assets as of September 2025: Skr109.62 Million SEK
Based on the latest financial reports, Midsummer AB (publ) (MIDS) has net assets worth Skr109.62 Million SEK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr423.20 Million) and total liabilities (Skr313.58 Million). 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 | Skr109.62 Million |
| % of Total Assets | 25.9% |
| Annual Growth Rate | 5.52% |
| 5-Year Change | -70.58% |
| 10-Year Change | 5375.56% |
| Growth Volatility | 235.88 |
Midsummer AB (publ) - Net Assets Trend (2012–2024)
This chart illustrates how Midsummer 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 Midsummer AB (publ) (2012–2024)
The table below shows the annual net assets of Midsummer AB (publ) from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr75.29 Million | -61.32% |
| 2023-12-31 | Skr194.65 Million | +6.09% |
| 2022-12-31 | Skr183.48 Million | -27.46% |
| 2021-12-31 | Skr252.96 Million | -1.16% |
| 2020-12-31 | Skr255.93 Million | +155.24% |
| 2019-12-31 | Skr100.27 Million | -38.51% |
| 2018-12-31 | Skr163.08 Million | +367.48% |
| 2017-12-31 | Skr34.88 Million | +196.25% |
| 2016-12-31 | Skr11.78 Million | +756.40% |
| 2015-12-31 | Skr1.37 Million | -89.18% |
| 2014-12-31 | Skr12.70 Million | -72.53% |
| 2013-12-31 | Skr46.24 Million | +17.06% |
| 2012-12-31 | Skr39.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Midsummer 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 69705877300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr8.39 Million | 11.14% |
| Other Comprehensive Income | Skr26.56 Million | 35.28% |
| Other Components | Skr755.59 Million | 1003.62% |
| Total Equity | Skr75.29 Million | 100.00% |
Midsummer AB (publ) Competitors by Market Cap
The table below lists competitors of Midsummer AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Form Bio Co. Ltd.
KQ:377220
|
$19.38 Million |
|
Inzi Display Co.Ltd
KQ:037330
|
$19.38 Million |
|
Western Energy Services Corp
PINK:WEEEF
|
$19.38 Million |
|
Proximar Seafood AS
OL:PROXI
|
$19.38 Million |
|
Bakrie Sumatera Plantations
JK:UNSP
|
$19.37 Million |
|
Next Entertainment World Co. Ltd
KQ:160550
|
$19.37 Million |
|
Paru Co. Ltd
KQ:043200
|
$19.37 Million |
|
ULMA Construccion Polska SA
WAR:ULM
|
$19.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Midsummer AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 194,654,000 to 75,286,000, a change of -119,368,000 (-61.3%).
- Net loss of 129,452,000 reduced equity.
- Share repurchases of 67,653,000 reduced equity.
- New share issuances of 67,653,000 increased equity.
- Other comprehensive income increased equity by 5,177,000.
- Other factors increased equity by 4,907,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-129.45 Million | -171.95% |
| Share Repurchases | Skr67.65 Million | -89.86% |
| Share Issuances | Skr67.65 Million | +89.86% |
| Other Comprehensive Income | Skr5.18 Million | +6.88% |
| Other Changes | Skr4.91 Million | +6.52% |
| Total Change | Skr- | -61.32% |
Book Value vs Market Value Analysis
This analysis compares Midsummer 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: 2.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.27x to 2.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Skr3.26 | Skr0.89 | x |
| 2013-12-31 | Skr3.16 | Skr0.89 | x |
| 2014-12-31 | Skr1.05 | Skr0.89 | x |
| 2015-12-31 | Skr0.05 | Skr0.89 | x |
| 2016-12-31 | Skr0.29 | Skr0.89 | x |
| 2017-12-31 | Skr0.86 | Skr0.89 | x |
| 2018-12-31 | Skr3.23 | Skr0.89 | x |
| 2019-12-31 | Skr2.24 | Skr0.89 | x |
| 2020-12-31 | Skr5.06 | Skr0.89 | x |
| 2021-12-31 | Skr2.94 | Skr0.89 | x |
| 2022-12-31 | Skr1.87 | Skr0.89 | x |
| 2023-12-31 | Skr1.88 | Skr0.89 | x |
| 2024-12-31 | Skr0.37 | Skr0.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Midsummer 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): -171.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -248.55%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 5.55x
- Recent ROE (-171.95%) is below the historical average (-91.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -91.45% | -242.50% | 0.28x | 1.33x | Skr-40.08 Million |
| 2013 | 26.47% | 23.27% | 0.87x | 1.31x | Skr6.30 Million |
| 2014 | -227.15% | -294.12% | 0.39x | 2.00x | Skr-30.12 Million |
| 2015 | -601.09% | -26.74% | 0.88x | 25.56x | Skr-8.40 Million |
| 2016 | 88.32% | 17.52% | 1.17x | 4.32x | Skr9.22 Million |
| 2017 | 66.24% | 20.09% | 1.20x | 2.75x | Skr19.62 Million |
| 2018 | 22.60% | 16.89% | 1.04x | 1.28x | Skr20.55 Million |
| 2019 | -40.18% | -21.84% | 0.52x | 3.51x | Skr-50.32 Million |
| 2020 | -45.46% | -161.71% | 0.14x | 2.03x | Skr-141.95 Million |
| 2021 | -51.20% | -137.19% | 0.19x | 1.94x | Skr-154.81 Million |
| 2022 | -47.87% | -164.56% | 0.11x | 2.56x | Skr-106.18 Million |
| 2023 | -114.16% | -447.74% | 0.10x | 2.66x | Skr-241.68 Million |
| 2024 | -171.95% | -248.55% | 0.12x | 5.55x | Skr-136.98 Million |
Industry Comparison
This section compares Midsummer AB (publ)'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $82,540,686
- Average return on equity (ROE) among peers: -85.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Midsummer AB (publ) (MIDS) | Skr109.62 Million | -91.45% | 2.86x | $19.38 Million |
| Absolicon Solar Collector AB Series B (ABSL-B) | $109.89 Million | -60.09% | 0.20x | $3.29 Million |
| Gigasun AB (GIGA) | $187.14 Million | 1.61% | 2.61x | $3.91 Million |
| SolTech Energy Sweden AB (SOLT) | $4.07 Million | -282.83% | 0.88x | $1.11 Million |
| Windon Energy Group AB (WEG) | $29.06 Million | -2.16% | 0.00x | $845.84K |