Midsummer AB (publ) (MIDS) - Net Assets

Latest as of September 2025: Skr109.62 Million SEK ≈ $11.80 Million USD

Based on the latest financial reports, Midsummer AB (publ) (MIDS) has net assets worth Skr109.62 Million SEK (≈ $11.80 Million USD) 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 ≈ $45.54 Million USD) and total liabilities (Skr313.58 Million ≈ $33.75 Million USD). 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. Check how resilient are Midsummer AB (publ)'s assets to evaluate the company's liquid asset resilience ratio.

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. Also explore Midsummer AB (publ) balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Midsummer AB (publ) market cap and net worth.

Year Net Assets Change
2024-12-31 Skr75.29 Million
≈ $8.10 Million		 -61.32%
2023-12-31 Skr194.65 Million
≈ $20.95 Million		 +6.09%
2022-12-31 Skr183.48 Million
≈ $19.75 Million		 -27.46%
2021-12-31 Skr252.96 Million
≈ $27.22 Million		 -1.16%
2020-12-31 Skr255.93 Million
≈ $27.54 Million		 +155.24%
2019-12-31 Skr100.27 Million
≈ $10.79 Million		 -38.51%
2018-12-31 Skr163.08 Million
≈ $17.55 Million		 +367.48%
2017-12-31 Skr34.88 Million
≈ $3.75 Million		 +196.25%
2016-12-31 Skr11.78 Million
≈ $1.27 Million		 +756.40%
2015-12-31 Skr1.37 Million
≈ $147.97K		 -89.18%
2014-12-31 Skr12.70 Million
≈ $1.37 Million		 -72.53%
2013-12-31 Skr46.24 Million
≈ $4.98 Million		 +17.06%
2012-12-31 Skr39.50 Million
≈ $4.25 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
Shin Tai Industry Co Ltd
TW:1235
 $60.44 Million
3REN Berhad
KLSE:0328
 $60.45 Million
Newbridge Acquisition Limited Class A Ordinary Share
NASDAQ:NBRG
 $60.48 Million
Sono-Tek Corp
NASDAQ:SOTK
 $60.48 Million
Thirdeye Systems Ltd
TA:THES
 $60.38 Million
Dhunseri Investments Limited
NSE:DHUNINV
 $60.35 Million
DCC plc
LSE:DCC
 $60.33 Million
Fairvest Ltd
JSE:FTA
 $60.33 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: 3.28x
  • 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 increased from 0.37x to 3.28x 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 Skr1.21 x
2013-12-31 Skr3.16 Skr1.21 x
2014-12-31 Skr1.05 Skr1.21 x
2015-12-31 Skr0.05 Skr1.21 x
2016-12-31 Skr0.29 Skr1.21 x
2017-12-31 Skr0.86 Skr1.21 x
2018-12-31 Skr3.23 Skr1.21 x
2019-12-31 Skr2.24 Skr1.21 x
2020-12-31 Skr5.06 Skr1.21 x
2021-12-31 Skr2.94 Skr1.21 x
2022-12-31 Skr1.87 Skr1.21 x
2023-12-31 Skr1.88 Skr1.21 x
2024-12-31 Skr0.37 Skr1.21 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: $100,366,355
  • Average return on equity (ROE) among peers: -113.77%

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 $60.40 Million
Absolicon Solar Collector AB Series B (ABSL-B) $109.89 Million -60.09% 0.20x $4.90 Million
Gigasun AB (GIGA) $187.14 Million 1.61% 2.61x $16.37 Million
SolTech Energy Sweden AB (SOLT) $4.07 Million -282.83% 0.88x $46.98 Million

About Midsummer AB (publ)

ST:MIDS Sweden Solar
Market Cap
$60.40 Million
Skr561.28 Million SEK
Market Cap Rank
#21148 Global
#382 in Sweden
Share Price
Skr1.21
Change (1 day)
+10.00%
52-Week Range
Skr0.77 - Skr3.18
All Time High
Skr29.52
Categories
Companies in Sweden Solar
About

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