NCAB Group (NCAB) - Net Assets
Based on the latest financial reports, NCAB Group (NCAB) has net assets worth Skr1.44 Billion SEK (≈ $154.89 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 (Skr3.52 Billion ≈ $378.92 Million USD) and total liabilities (Skr2.08 Billion ≈ $224.02 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 NCAB asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr1.44 Billion |
| % of Total Assets | 40.88% |
| Annual Growth Rate | 33.31% |
| 5-Year Change | 85.99% |
| 10-Year Change | 801.3% |
| Growth Volatility | 60.36 |
NCAB Group - Net Assets Trend (2015–2025)
This chart illustrates how NCAB Group's net assets have evolved over time, based on quarterly financial data. Also explore total assets of NCAB Group for the complete picture of this company's asset base.
Annual Net Assets for NCAB Group (2015–2025)
The table below shows the annual net assets of NCAB Group from 2015 to 2025. For live valuation and market cap data, see NCAB Group market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr1.44 Billion ≈ $154.89 Million |
-0.61% |
| 2024-12-31 | Skr1.45 Billion ≈ $155.85 Million |
+8.45% |
| 2023-12-31 | Skr1.34 Billion ≈ $143.70 Million |
+11.66% |
| 2022-12-31 | Skr1.20 Billion ≈ $128.69 Million |
+54.53% |
| 2021-12-31 | Skr773.85 Million ≈ $83.28 Million |
+10.56% |
| 2020-12-31 | Skr699.93 Million ≈ $75.32 Million |
+101.06% |
| 2019-12-31 | Skr348.12 Million ≈ $37.46 Million |
+17.37% |
| 2018-12-31 | Skr296.59 Million ≈ $31.92 Million |
+178.80% |
| 2017-12-31 | Skr106.38 Million ≈ $11.45 Million |
-33.38% |
| 2016-12-31 | Skr159.69 Million ≈ $17.19 Million |
+96.80% |
| 2015-12-31 | Skr81.14 Million ≈ $8.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NCAB Group'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 98011500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr959.30 Million | 66.65% |
| Common Stock | Skr1.90 Million | 0.13% |
| Other Components | Skr478.10 Million | 33.22% |
| Total Equity | Skr1.44 Billion | 100.00% |
NCAB Group Competitors by Market Cap
The table below lists competitors of NCAB Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nektar Therapeutics
NASDAQ:NKTR
|
$1.45 Billion |
|
Eyebright Medical Technology Beijing Co Ltd
SHG:688050
|
$1.45 Billion |
|
Longkou Union Chemical Co. Ltd. A
SHE:301209
|
$1.45 Billion |
|
Three's Company Media Group Co Ltd
SHG:605168
|
$1.45 Billion |
|
TGS ASA SP.ADR/1
F:TGC0
|
$1.45 Billion |
|
Jiangsu Zongyi Co Ltd
SHG:600770
|
$1.45 Billion |
|
La-Z-Boy Incorporated
NYSE:LZB
|
$1.45 Billion |
|
Chengdu Leejun Industrial Co Ltd
SHE:002651
|
$1.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NCAB Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,448,200,000 to 1,439,300,000, a change of -8,900,000 (-0.6%).
- Net income of 206,200,000 contributed positively to equity growth.
- Dividend payments of 100,000 reduced retained earnings.
- Other comprehensive income decreased equity by 140,180,000.
- Other factors decreased equity by 74,820,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr206.20 Million | +14.33% |
| Dividends Paid | Skr100.00K | -0.01% |
| Other Comprehensive Income | Skr-140.18 Million | -9.74% |
| Other Changes | Skr-74.82 Million | -5.2% |
| Total Change | Skr- | -0.61% |
Book Value vs Market Value Analysis
This analysis compares NCAB Group'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: 9.37x
- 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 150.03x to 9.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Skr0.48 | Skr72.10 | x |
| 2016-12-31 | Skr0.95 | Skr72.10 | x |
| 2017-12-31 | Skr0.69 | Skr72.10 | x |
| 2018-12-31 | Skr1.80 | Skr72.10 | x |
| 2019-12-31 | Skr2.07 | Skr72.10 | x |
| 2020-12-31 | Skr3.86 | Skr72.10 | x |
| 2021-12-31 | Skr4.13 | Skr72.10 | x |
| 2022-12-31 | Skr6.38 | Skr72.10 | x |
| 2023-12-31 | Skr7.12 | Skr72.10 | x |
| 2024-12-31 | Skr7.73 | Skr72.10 | x |
| 2025-12-31 | Skr7.70 | Skr72.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NCAB Group 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): 14.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.51%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 2.45x
- Recent ROE (14.33%) is below the historical average (33.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 67.55% | 4.56% | 2.51x | 5.90x | Skr46.59 Million |
| 2016 | 40.74% | 5.33% | 2.29x | 3.34x | Skr49.04 Million |
| 2017 | 37.94% | 2.88% | 2.53x | 5.22x | Skr29.68 Million |
| 2018 | 35.24% | 6.46% | 2.24x | 2.44x | Skr74.82 Million |
| 2019 | 36.87% | 7.20% | 2.04x | 2.51x | Skr93.49 Million |
| 2020 | 18.20% | 6.02% | 1.43x | 2.12x | Skr57.40 Million |
| 2021 | 36.84% | 8.85% | 1.21x | 3.44x | Skr207.57 Million |
| 2022 | 34.88% | 9.35% | 1.47x | 2.54x | Skr297.41 Million |
| 2023 | 30.24% | 9.88% | 1.27x | 2.41x | Skr270.23 Million |
| 2024 | 17.60% | 7.05% | 1.07x | 2.34x | Skr110.08 Million |
| 2025 | 14.33% | 5.51% | 1.06x | 2.45x | Skr62.27 Million |
Industry Comparison
This section compares NCAB Group's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $143,925,223
- Average return on equity (ROE) among peers: -69.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NCAB Group (NCAB) | Skr1.44 Billion | 67.55% | 1.45x | $1.45 Billion |
| Acconeer AB (ACCON) | $2.83 Million | -47.18% | 0.24x | $114.55 Million |
| Acuvi AB (ACUVI) | $339.73 Million | -28.38% | 0.46x | $43.07 Million |
| Hanza AB (HANZA) | $497.70 Million | 4.74% | 2.06x | $922.81 Million |
| JonDeTech Sensors (JDT) | $2.90 Million | -343.56% | 0.52x | $2.69 Million |
| NOTE AB (NOTE) | $19.93 Million | 29.18% | 8.35x | $524.13 Million |
| Unibap AB (UNIBAP) | $453.00K | -32.45% | 6.94x | $8.76 Million |
About NCAB Group
NCAB Group AB (publ) engages in the manufacture and sale of printed circuit boards (PCBs) in Sweden, Nordic region, rest of Europe, North America, and Asia. The company offers multilayer, high-density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, heavy copper, and double-sided PCBs. It serves aerospace, defense, automotive, datacom, industrial, medical, pow… Read more