Minesto AB (MINEST) - Net Assets
Based on the latest financial reports, Minesto AB (MINEST) has net assets worth Skr630.36 Million SEK (≈ $67.84 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr652.60 Million ≈ $70.23 Million USD) and total liabilities (Skr22.24 Million ≈ $2.39 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 Minesto AB tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr630.36 Million |
| % of Total Assets | 96.59% |
| Annual Growth Rate | 20.75% |
| 5-Year Change | 17.22% |
| 10-Year Change | 240.21% |
| Growth Volatility | 39.29 |
Minesto AB - Net Assets Trend (2013–2025)
This chart illustrates how Minesto AB's net assets have evolved over time, based on quarterly financial data. See MINEST defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Minesto AB (2013–2025)
The table below shows the annual net assets of Minesto AB from 2013 to 2025. For live valuation and market cap data, see Minesto AB (MINEST) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr630.36 Million ≈ $67.84 Million |
+10.85% |
| 2024-12-31 | Skr568.65 Million ≈ $61.20 Million |
+8.78% |
| 2023-12-31 | Skr522.75 Million ≈ $56.26 Million |
+15.31% |
| 2022-12-31 | Skr453.34 Million ≈ $48.79 Million |
-15.70% |
| 2021-12-31 | Skr537.75 Million ≈ $57.87 Million |
+30.59% |
| 2020-12-31 | Skr411.78 Million ≈ $44.31 Million |
+3.28% |
| 2019-12-31 | Skr398.70 Million ≈ $42.91 Million |
+31.06% |
| 2018-12-31 | Skr304.22 Million ≈ $32.74 Million |
+20.97% |
| 2017-12-31 | Skr251.48 Million ≈ $27.06 Million |
+35.73% |
| 2016-12-31 | Skr185.29 Million ≈ $19.94 Million |
-6.52% |
| 2015-12-31 | Skr198.22 Million ≈ $21.33 Million |
+146.00% |
| 2014-12-31 | Skr80.58 Million ≈ $8.67 Million |
+22.86% |
| 2013-12-31 | Skr65.58 Million ≈ $7.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Minesto 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 36885509200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr13.01 Million | 2.06% |
| Other Components | Skr1.02 Billion | 162.07% |
| Total Equity | Skr630.36 Million | 100.00% |
Minesto AB Competitors by Market Cap
The table below lists competitors of Minesto AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PermRock Royalty Trust
NYSE:PRT
|
$28.22 Million |
|
Lung Ming Green Energy Technology Engineering Co Ltd
TW:3018
|
$28.26 Million |
|
Hotel Fitra International Tbk PT
JK:FITT
|
$28.28 Million |
|
Mishorim Real Estate Investments
TA:MSHR
|
$28.28 Million |
|
Unlimited Travel Group UTG AB (publ)
ST:UTG
|
$28.21 Million |
|
Tikun Olam Cannbit Pharmaceuticals Ltd
TA:TKUN
|
$28.21 Million |
|
Obducat AB (publ)
F:OBD
|
$28.20 Million |
|
Perusahaan Sadur Timah Malaysia Perstima Bhd
KLSE:5436
|
$28.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minesto AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 568,649,000 to 630,357,000, a change of 61,708,000 (10.9%).
- Net loss of 36,635,000 reduced equity.
- Share repurchases of 98,684,000 reduced equity.
- New share issuances of 116,125,000 increased equity.
- Other comprehensive income decreased equity by 137,000.
- Other factors increased equity by 81,039,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-36.63 Million | -5.81% |
| Share Repurchases | Skr98.68 Million | -15.66% |
| Share Issuances | Skr116.12 Million | +18.42% |
| Other Comprehensive Income | Skr-137.00K | -0.02% |
| Other Changes | Skr81.04 Million | +12.86% |
| Total Change | Skr- | 10.85% |
Book Value vs Market Value Analysis
This analysis compares Minesto 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: 0.34x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | Skr3.52 | Skr1.01 | x |
| 2014-12-31 | Skr2.40 | Skr1.01 | x |
| 2015-12-31 | Skr3.10 | Skr1.01 | x |
| 2016-12-31 | Skr2.90 | Skr1.01 | x |
| 2017-12-31 | Skr3.30 | Skr1.01 | x |
| 2018-12-31 | Skr2.96 | Skr1.01 | x |
| 2019-12-31 | Skr3.20 | Skr1.01 | x |
| 2020-12-31 | Skr3.12 | Skr1.01 | x |
| 2021-12-31 | Skr3.74 | Skr1.01 | x |
| 2022-12-31 | Skr3.15 | Skr1.01 | x |
| 2023-12-31 | Skr3.20 | Skr1.01 | x |
| 2024-12-31 | Skr2.93 | Skr1.01 | x |
| 2025-12-31 | Skr3.00 | Skr1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minesto 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): -5.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-5.81%) is above the historical average (-8.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -16.69% | -72966.67% | 0.00x | 1.07x | Skr-17.50 Million |
| 2014 | -11.41% | -7071.54% | 0.00x | 1.14x | Skr-17.25 Million |
| 2015 | -7.83% | -41713.89% | 0.00x | 1.10x | Skr-35.33 Million |
| 2016 | -6.98% | -46.75% | 0.13x | 1.18x | Skr-31.45 Million |
| 2017 | -3.13% | -23.53% | 0.12x | 1.12x | Skr-33.01 Million |
| 2018 | -3.62% | -31.84% | 0.11x | 1.07x | Skr-41.42 Million |
| 2019 | -25.07% | -279.63% | 0.08x | 1.07x | Skr-139.83 Million |
| 2020 | -3.23% | -33.21% | 0.09x | 1.04x | Skr-54.48 Million |
| 2021 | -2.78% | -38.51% | 0.07x | 1.04x | Skr-68.70 Million |
| 2022 | -18.63% | -197.20% | 0.09x | 1.07x | Skr-129.77 Million |
| 2023 | -5.19% | -6936.90% | 0.00x | 1.06x | Skr-79.40 Million |
| 2024 | -6.35% | -48138.67% | 0.00x | 1.03x | Skr-92.97 Million |
| 2025 | -5.81% | 0.00% | 0.00x | 1.04x | Skr-99.67 Million |
Industry Comparison
This section compares Minesto AB's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $149,329,866
- Average return on equity (ROE) among peers: -152.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minesto AB (MINEST) | Skr630.36 Million | -16.69% | 0.04x | $28.21 Million |
| Arise Windpower AB (ARISE) | $1.19 Billion | -1.53% | 0.74x | $195.75 Million |
| Cortus Energy AB (publ) (CE) | $9.71 Million | -781.78% | 11.30x | $2.33 Million |
| Climeon AB (publ) (CLIME-B) | $288.11 Million | -36.02% | 0.12x | $18.20 Million |
| Dlaboratory Sweden AB (DLAB) | $1.23 Million | -217.02% | 2.75x | $4.56 Million |
| Eolus Vind AB (publ) (EOLU-B) | $960.84 Million | 14.89% | 0.63x | $100.66 Million |
| Orrön Energy AB (publ) (ORRON) | $-1.42 Billion | 0.00% | 0.00x | $233.53 Million |
| ZAZZ Energy of Sweden AB (ZAZZ-B) | $9.91 Million | -45.99% | 1.05x | $1.77 Million |
About Minesto AB
Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan. The company offers kite system turbines, which produces electricity from tidal streams and ocean currents. It also provides site development, operations, and maintenance services. Minesto AB (publ) was incorporated in 2007 and is headquartered… Read more