MIPS AB
Mips AB (publ) develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. It offers sport helmets, which include bike, snow, equestrian, and team sports helmets, as well as other helmets, such as climbing, snowmobiling, and white-water rafting helmets; moto helmets comprising on-road and off-road helmets, including scooter, snowmobiling, c… Read more
MIPS AB (MIPS) - Net Assets
Latest net assets as of December 2025: Skr562.00 Million SEK
Based on the latest financial reports, MIPS AB (MIPS) has net assets worth Skr562.00 Million SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr1.31 Billion) and total liabilities (Skr745.00 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 | Skr562.00 Million |
| % of Total Assets | 43.0% |
| Annual Growth Rate | 59.11% |
| 5-Year Change | -2.6% |
| 10-Year Change | 880.34% |
| Growth Volatility | 211.03 |
MIPS AB - Net Assets Trend (2013–2025)
This chart illustrates how MIPS 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 MIPS AB (2013–2025)
The table below shows the annual net assets of MIPS AB from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr562.00 Million | -12.32% |
| 2024-12-31 | Skr641.00 Million | -2.44% |
| 2023-12-31 | Skr657.00 Million | +4.95% |
| 2022-12-31 | Skr626.00 Million | +8.49% |
| 2021-12-31 | Skr577.00 Million | +35.45% |
| 2020-12-31 | Skr426.00 Million | +43.00% |
| 2019-12-31 | Skr297.90 Million | +8.08% |
| 2018-12-31 | Skr275.64 Million | +24.96% |
| 2017-12-31 | Skr220.57 Million | +284.76% |
| 2016-12-31 | Skr57.33 Million | +37.97% |
| 2015-12-31 | Skr41.55 Million | +126.45% |
| 2014-12-31 | Skr18.35 Million | +759.44% |
| 2013-12-31 | Skr2.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MIPS 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 grown by 26629300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr197.00 Million | 35.05% |
| Common Stock | Skr3.00 Million | 0.53% |
| Other Components | Skr362.00 Million | 64.41% |
| Total Equity | Skr562.00 Million | 100.00% |
MIPS AB Competitors by Market Cap
The table below lists competitors of MIPS AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wilh. Wilhelmsen
PINK:WLHSF
|
$547.34 Million |
|
Yulon Finance Corp
TW:9941
|
$547.58 Million |
|
Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.S.
IS:EUPWR
|
$547.62 Million |
|
Beijing Tianyishangjia New Material Corp Ltd
SHG:688033
|
$547.67 Million |
|
Chengdu Zhimingda Electronics Co. Ltd. A
SHG:688636
|
$547.23 Million |
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$547.17 Million |
|
AF Gruppen ASA
OTCGREY:AGRUF
|
$547.02 Million |
|
Ziraat Gayrimenkul Yatirim Ortakligi AS
IS:ZRGYO
|
$547.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MIPS AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 641,000,000 to 562,000,000, a change of -79,000,000 (-12.3%).
- Net income of 120,000,000 contributed positively to equity growth.
- Dividend payments of 172,000,000 reduced retained earnings.
- New share issuances of 2,000,000 increased equity.
- Other comprehensive income decreased equity by 5,000,000.
- Other factors decreased equity by 24,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr120.00 Million | +21.35% |
| Dividends Paid | Skr172.00 Million | -30.6% |
| Share Issuances | Skr2.00 Million | +0.36% |
| Other Comprehensive Income | Skr-5.00 Million | -0.89% |
| Other Changes | Skr-24.00 Million | -4.27% |
| Total Change | Skr- | -12.32% |
Book Value vs Market Value Analysis
This analysis compares MIPS 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: 10.93x
- 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 319.61x to 10.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Skr0.73 | Skr231.80 | x |
| 2015-12-31 | Skr1.64 | Skr231.80 | x |
| 2016-12-31 | Skr2.27 | Skr231.80 | x |
| 2017-12-31 | Skr8.98 | Skr231.80 | x |
| 2018-12-31 | Skr10.79 | Skr231.80 | x |
| 2019-12-31 | Skr11.53 | Skr231.80 | x |
| 2020-12-31 | Skr16.28 | Skr231.80 | x |
| 2021-12-31 | Skr21.78 | Skr231.80 | x |
| 2022-12-31 | Skr23.70 | Skr231.80 | x |
| 2023-12-31 | Skr24.89 | Skr231.80 | x |
| 2024-12-31 | Skr24.19 | Skr231.80 | x |
| 2025-12-31 | Skr21.21 | Skr231.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MIPS 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): 21.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.51%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.33x
- Recent ROE (21.35%) is above the historical average (17.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -71.55% | -88.92% | 0.56x | 1.44x | Skr-14.96 Million |
| 2015 | 45.20% | 37.90% | 0.91x | 1.31x | Skr14.62 Million |
| 2016 | 24.95% | 16.51% | 1.15x | 1.32x | Skr8.57 Million |
| 2017 | 7.17% | 12.59% | 0.52x | 1.10x | Skr-6.24 Million |
| 2018 | 20.46% | 29.29% | 0.60x | 1.16x | Skr28.83 Million |
| 2019 | 28.48% | 31.67% | 0.78x | 1.15x | Skr55.04 Million |
| 2020 | 30.28% | 35.34% | 0.71x | 1.21x | Skr86.40 Million |
| 2021 | 44.19% | 41.94% | 0.80x | 1.31x | Skr197.30 Million |
| 2022 | 27.96% | 31.08% | 0.73x | 1.23x | Skr112.40 Million |
| 2023 | 9.74% | 17.93% | 0.48x | 1.12x | Skr-1.70 Million |
| 2024 | 22.00% | 29.19% | 0.65x | 1.15x | Skr76.90 Million |
| 2025 | 21.35% | 22.51% | 0.41x | 2.33x | Skr63.80 Million |
Industry Comparison
This section compares MIPS AB's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $376,319,332
- Average return on equity (ROE) among peers: 22.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MIPS AB (MIPS) | Skr562.00 Million | -71.55% | 1.33x | $547.26 Million |
| Financière Amuse TopCo SAS (ASMDEE-B) | $1.49 Billion | 0.00% | 1.59x | $1.49 Billion |
| Actic Group AB (ATIC) | $319.36 Million | 7.63% | 2.73x | $25.46 Million |
| Profoto Holding AB (PRFO) | $391.00 Million | 49.62% | 1.05x | $10.19 Million |
| Soder Sportfiske AB (SODER) | $12.73 Million | 45.33% | 1.29x | $4.90 Million |
| USWE Sports AB (USWE) | $12.76 Million | 50.84% | 1.54x | $3.62 Million |
| Unlimited Travel Group UTG AB (publ) (UTG) | $37.03 Million | -17.82% | 2.25x | $8.57 Million |