NCC AB (publ) (NCC-A) - Net Assets

Latest as of March 2026: Skr7.35 Billion SEK ≈ $791.09 Million USD

Based on the latest financial reports, NCC AB (publ) (NCC-A) has net assets worth Skr7.35 Billion SEK (≈ $791.09 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr29.15 Billion ≈ $3.14 Billion USD) and total liabilities (Skr21.80 Billion ≈ $2.35 Billion 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 NCC-A intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr7.35 Billion
% of Total Assets	25.22%
Annual Growth Rate	0.13%
5-Year Change	35.47%
10-Year Change	42.24%
Growth Volatility	19.56

NCC AB (publ) - Net Assets Trend (2002–2025)

This chart illustrates how NCC AB (publ)'s net assets have evolved over time, based on quarterly financial data. See NCC AB (publ) liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for NCC AB (publ) (2002–2025)

The table below shows the annual net assets of NCC AB (publ) from 2002 to 2025. For live valuation and market cap data, see NCC-A stock market capitalisation.

Year	Net Assets	Change
2025-12-31	Skr7.92 Billion ≈ $852.00 Million	-8.61%
2024-12-31	Skr8.66 Billion ≈ $932.28 Million	+18.28%
2023-12-31	Skr7.32 Billion ≈ $788.18 Million	+1.96%
2022-12-31	Skr7.18 Billion ≈ $773.01 Million	+22.91%
2021-12-31	Skr5.84 Billion ≈ $628.91 Million	+47.13%
2020-12-31	Skr3.97 Billion ≈ $427.45 Million	+30.49%
2019-12-31	Skr3.04 Billion ≈ $327.58 Million	+3.26%
2018-12-31	Skr2.95 Billion ≈ $317.25 Million	-46.67%
2017-12-31	Skr5.53 Billion ≈ $594.90 Million	-0.68%
2016-12-31	Skr5.57 Billion ≈ $598.99 Million	-42.70%
2015-12-31	Skr9.71 Billion ≈ $1.05 Billion	+9.55%
2014-12-31	Skr8.87 Billion ≈ $954.23 Million	+2.21%
2013-12-31	Skr8.68 Billion ≈ $933.57 Million	-3.49%
2012-12-31	Skr8.99 Billion ≈ $967.36 Million	+8.34%
2011-12-31	Skr8.30 Billion ≈ $892.89 Million	+2.03%
2010-12-31	Skr8.13 Billion ≈ $875.13 Million	+5.82%
2009-12-31	Skr7.68 Billion ≈ $827.03 Million	+11.94%
2008-12-31	Skr6.87 Billion ≈ $738.78 Million	-5.14%
2007-12-31	Skr7.24 Billion ≈ $778.82 Million	+5.33%
2006-12-31	Skr6.87 Billion ≈ $739.43 Million	-0.12%
2005-12-31	Skr6.88 Billion ≈ $740.29 Million	+1.18%
2004-12-31	Skr6.80 Billion ≈ $731.68 Million	+8.51%
2003-12-31	Skr6.27 Billion ≈ $674.32 Million	-18.41%
2002-12-31	Skr7.68 Billion ≈ $826.49 Million	--

Equity Component Analysis

This analysis shows how different components contribute to NCC 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 grown by 704900000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Skr7.05 Billion	89.04%
Common Stock	Skr867.00 Million	10.95%
Other Components	Skr1.00 Million	0.01%
Total Equity	Skr7.92 Billion	100.00%

NCC AB (publ) Competitors by Market Cap

The table below lists competitors of NCC AB (publ) ranked by their market capitalization.

Company	Market Cap
WiSoL CO.LTD KQ:122990	$141.17 Million
Cavotec SA ST:CCC	$141.23 Million
Hanmiglobal KO:053690	$141.26 Million
Wellcall Holdings Bhd KLSE:7231	$141.27 Million
Hyundai Bngste KO:004560	$141.02 Million
Espey Mfg & Electronics Corp NYSE MKT:ESP	$141.00 Million
Texmaco Infrastructure & Holdings Limited NSE:TEXINFRA	$140.91 Million
Muhak Co. Ltd KO:033920	$140.91 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in NCC AB (publ)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,663,000,000 to 7,917,000,000, a change of -746,000,000 (-8.6%).
Net income of 142,000,000 contributed positively to equity growth.
Dividend payments of 1,076,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 258,000,000.
Other factors increased equity by 446,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr142.00 Million	+1.79%
Dividends Paid	Skr1.08 Billion	-13.59%
Other Comprehensive Income	Skr-258.00 Million	-3.26%
Other Changes	Skr446.00 Million	+5.63%
Total Change	Skr-	-8.61%

Book Value vs Market Value Analysis

This analysis compares NCC 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: 2.39x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.79x to 2.39x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	Skr69.32	Skr193.50	x
2003-12-31	Skr56.37	Skr193.50	x
2004-12-31	Skr61.93	Skr193.50	x
2005-12-31	Skr62.57	Skr193.50	x
2006-12-31	Skr62.67	Skr193.50	x
2007-12-31	Skr66.46	Skr193.50	x
2008-12-31	Skr62.85	Skr193.50	x
2009-12-31	Skr70.71	Skr193.50	x
2010-12-31	Skr74.78	Skr193.50	x
2011-12-31	Skr76.42	Skr193.50	x
2012-12-31	Skr82.94	Skr193.50	x
2013-12-31	Skr80.24	Skr193.50	x
2014-12-31	Skr82.07	Skr193.50	x
2015-12-31	Skr89.81	Skr193.50	x
2016-12-31	Skr51.37	Skr193.50	x
2017-12-31	Skr51.03	Skr193.50	x
2018-12-31	Skr27.11	Skr193.50	x
2019-12-31	Skr28.19	Skr193.50	x
2020-12-31	Skr36.85	Skr193.50	x
2021-12-31	Skr54.31	Skr193.50	x
2022-12-31	Skr69.13	Skr193.50	x
2023-12-31	Skr75.04	Skr193.50	x
2024-12-31	Skr88.67	Skr193.50	x
2025-12-31	Skr80.95	Skr193.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently NCC 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): 1.79%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.25%
• Asset Turnover: 1.82x
• Equity Multiplier: 3.86x
Recent ROE (1.79%) is below the historical average (22.81%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	10.93%	1.82%	1.28x	4.69x	Skr69.60 Million
2003	6.89%	0.93%	1.51x	4.91x	Skr-190.00 Million
2004	13.00%	1.88%	1.64x	4.23x	Skr201.50 Million
2005	17.36%	2.38%	1.83x	4.00x	Skr499.50 Million
2006	25.10%	3.05%	1.83x	4.50x	Skr1.03 Billion
2007	31.18%	3.85%	1.71x	4.73x	Skr1.53 Billion
2008	26.71%	3.17%	1.59x	5.32x	Skr1.14 Billion
2009	16.46%	2.44%	1.73x	3.91x	Skr495.30 Million
2010	18.83%	3.09%	1.59x	3.83x	Skr715.90 Million
2011	15.83%	2.50%	1.60x	3.97x	Skr483.40 Million
2012	21.11%	3.31%	1.47x	4.34x	Skr996.60 Million
2013	22.94%	3.43%	1.49x	4.48x	Skr1.12 Billion
2014	20.74%	3.23%	1.46x	4.41x	Skr950.30 Million
2015	21.80%	3.38%	1.59x	4.07x	Skr1.14 Billion
2016	143.71%	15.08%	2.09x	4.56x	Skr7.42 Billion
2017	18.20%	1.84%	2.02x	4.90x	Skr452.40 Million
2018	-25.79%	-1.32%	2.12x	9.21x	Skr-1.05 Billion
2019	28.68%	1.50%	1.95x	9.82x	Skr568.60 Million
2020	31.70%	2.33%	1.89x	7.19x	Skr861.80 Million
2021	25.80%	2.82%	1.82x	5.03x	Skr923.60 Million
2022	14.88%	1.97%	1.83x	4.12x	Skr350.70 Million
2023	21.48%	2.76%	1.78x	4.36x	Skr840.60 Million
2024	18.13%	2.55%	1.92x	3.70x	Skr704.70 Million
2025	1.79%	0.25%	1.82x	3.86x	Skr-649.70 Million

Industry Comparison

This section compares NCC AB (publ)'s net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $341,568,330
Average return on equity (ROE) among peers: 23.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
NCC AB (publ) (NCC-A)	Skr7.35 Billion	10.93%	2.97x	$141.15 Million
Afry AB (AFRY)	$542.50 Million	10.50%	1.35x	$1.32 Billion
Bravida Holding AB (BRAV)	$1.35 Billion	0.00%	2.69x	$2.71 Billion
Bygg Partner i Dalarna Holding AB (BYGGP)	$129.32 Million	24.06%	2.14x	$200.06 Million
Fasadgruppen Group AB (FG)	$29.00 Million	96.21%	23.76x	$190.23 Million
Hexicon AB (HEXI)	$91.85 Million	-41.39%	0.28x	$6.81 Million
Hifab Group AB Series B (HIFA-B)	$81.67 Million	12.56%	1.48x	$20.03 Million
Hultström Group B (HULT-B)	$47.78 Million	6.14%	1.93x	$23.28 Million
Infrea AB (INFREA)	$3.98 Million	77.94%	0.11x	$40.88 Million
Instalco Intressenter AB (INSTAL)	$793.00 Million	21.56%	1.90x	$1.19 Billion

About NCC AB (publ)

ST:NCC-A Sweden Engineering & Construction

Market Cap

$141.15 Million

Skr1.31 Billion SEK

Market Cap Rank

#17957 Global

#307 in Sweden

Share Price

Skr193.50

Change (1 day)

+0.78%

52-Week Range

Skr171.00 - Skr242.00

All Time High

Skr242.00