MilDef Group AB
MilDef Group AB (publ), together with its subsidiaries, develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally. The company offers rack mount IT equipment, rugged computers, KVM, switches, routers, power distribution, customer projects, and accessories; laptops, tablets,… Read more
MilDef Group AB (MILDEF) - Net Assets
Latest net assets as of December 2025: Skr1.52 Billion SEK
Based on the latest financial reports, MilDef Group AB (MILDEF) has net assets worth Skr1.52 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 (Skr2.91 Billion) and total liabilities (Skr1.39 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 | Skr1.52 Billion |
| % of Total Assets | 52.27% |
| Annual Growth Rate | 50.27% |
| 5-Year Change | 167.39% |
| 10-Year Change | N/A |
| Growth Volatility | 106.14 |
MilDef Group AB - Net Assets Trend (2018–2025)
This chart illustrates how MilDef Group 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 MilDef Group AB (2018–2025)
The table below shows the annual net assets of MilDef Group AB from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr1.52 Billion | +37.89% |
| 2024-12-31 | Skr1.10 Billion | +30.45% |
| 2023-12-31 | Skr844.60 Million | +7.20% |
| 2022-12-31 | Skr787.90 Million | +38.67% |
| 2021-12-31 | Skr568.20 Million | +328.51% |
| 2020-12-31 | Skr132.60 Million | +30.90% |
| 2019-12-31 | Skr101.30 Million | +15.38% |
| 2018-12-31 | Skr87.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MilDef Group 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 |
|---|---|---|
| Common Stock | Skr11.78 Million | 0.78% |
| Other Components | Skr1.51 Billion | 99.22% |
| Total Equity | Skr1.52 Billion | 100.00% |
MilDef Group AB Competitors by Market Cap
The table below lists competitors of MilDef Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Jiaying Pharmaceutical Co Ltd
SHE:002198
|
$447.60 Million |
|
Guangdong LingXiao Pump Industry Co Ltd
SHE:002884
|
$447.71 Million |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
$447.80 Million |
|
Alembic Pharmaceuticals Limited
NSE:APLLTD
|
$447.90 Million |
|
Molymet
SN:MOLYMET
|
$447.57 Million |
|
Honasa Consumer Limited
NSE:HONASA
|
$447.54 Million |
|
DOMS Industries Limited
NSE:DOMS
|
$447.53 Million |
|
Farmers National Banc Corp
NASDAQ:FMNB
|
$447.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MilDef Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,101,800,000 to 1,519,300,000, a change of 417,500,000 (37.9%).
- Net income of 147,700,000 contributed positively to equity growth.
- Dividend payments of 23,500,000 reduced retained earnings.
- Share repurchases of 3,800,000 reduced equity.
- New share issuances of 6,600,000 increased equity.
- Other comprehensive income increased equity by 800,000.
- Other factors increased equity by 289,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr147.70 Million | +9.72% |
| Dividends Paid | Skr23.50 Million | -1.55% |
| Share Repurchases | Skr3.80 Million | -0.25% |
| Share Issuances | Skr6.60 Million | +0.43% |
| Other Comprehensive Income | Skr800.00K | +0.05% |
| Other Changes | Skr289.70 Million | +19.07% |
| Total Change | Skr- | 37.89% |
Book Value vs Market Value Analysis
This analysis compares MilDef Group 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: 4.05x
- 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 36.85x to 4.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Skr3.56 | Skr131.20 | x |
| 2019-12-31 | Skr4.11 | Skr131.20 | x |
| 2020-12-31 | Skr5.38 | Skr131.20 | x |
| 2021-12-31 | Skr21.65 | Skr131.20 | x |
| 2022-12-31 | Skr20.82 | Skr131.20 | x |
| 2023-12-31 | Skr20.96 | Skr131.20 | x |
| 2024-12-31 | Skr27.14 | Skr131.20 | x |
| 2025-12-31 | Skr32.41 | Skr131.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MilDef Group 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): 9.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.22%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.91x
- Recent ROE (9.72%) is above the historical average (8.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 13.78% | 4.96% | 1.37x | 2.03x | Skr3.32 Million |
| 2019 | 18.76% | 5.69% | 1.17x | 2.82x | Skr8.87 Million |
| 2020 | 32.05% | 10.66% | 1.08x | 2.77x | Skr29.24 Million |
| 2021 | -0.12% | -0.15% | 0.58x | 1.42x | Skr-57.52 Million |
| 2022 | 1.80% | 1.92% | 0.53x | 1.77x | Skr-64.59 Million |
| 2023 | 8.17% | 5.99% | 0.75x | 1.81x | Skr-15.46 Million |
| 2024 | -19.99% | -18.34% | 0.71x | 1.53x | Skr-330.48 Million |
| 2025 | 9.72% | 7.22% | 0.70x | 1.91x | Skr-4.23 Million |
Industry Comparison
This section compares MilDef Group AB's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $84,712,909
- Average return on equity (ROE) among peers: -38.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MilDef Group AB (MILDEF) | Skr1.52 Billion | 13.78% | 0.91x | $447.60 Million |
| Scandinavian Astor Group AB (ASTOR) | $243.46 Million | 0.17% | 0.86x | $61.48 Million |
| AVTECH Sweden AB Series B (AVT-B) | $31.19 Million | 19.55% | 0.08x | $29.31 Million |
| CTT Systems AB (CTT) | $43.00 Million | 2.33% | 1.49x | $116.33 Million |
| GomSpace Group AB (GOMX) | $104.80 Million | -217.39% | 2.19x | $132.05 Million |
| W5 Solutions AB (W5) | $1.12 Million | 4.60% | 2.50x | $51.13 Million |