Nordic Flanges Group AB

ST:NFGAB Sweden Metal Fabrication
Market Cap
$2.27 Million
Skr25.46 Million SEK
Market Cap Rank
#37574 Global
#616 in Sweden
Share Price
Skr11.10
Change (1 day)
+0.91%
52-Week Range
Skr6.80 - Skr13.90
All Time High
Skr13.90
Categories
Companies in Sweden Metal Fabrication
About

Nordic Flanges Group AB (publ) manufactures and sells industrial flanges in Sweden, the rest of the Nordic region, the United States, and internationally. The company provides flanges in stainless steel, carbon steel, special alloys, titanium, and aluminum; welding necks and rings; and loose flanges. The company was formerly known as Vinovo AB (publ) and changed its name to Nordic Flanges Group A… Read more

Nordic Flanges Group AB (NFGAB) - Net Assets

Latest net assets as of September 2025: Skr17.34 Million SEK

Based on the latest financial reports, Nordic Flanges Group AB (NFGAB) has net assets worth Skr17.34 Million SEK as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr114.13 Million) and total liabilities (Skr96.79 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 Skr17.34 Million
% of Total Assets 15.2%
Annual Growth Rate -13.71%
5-Year Change -44.15%
10-Year Change -76.19%
Growth Volatility 20.88

Nordic Flanges Group AB - Net Assets Trend (2009–2024)

This chart illustrates how Nordic Flanges 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 Nordic Flanges Group AB (2009–2024)

The table below shows the annual net assets of Nordic Flanges Group AB from 2009 to 2024.

Year Net Assets Change
2024-12-31 Skr22.49 Million +18.53%
2023-12-31 Skr18.98 Million -50.85%
2022-12-31 Skr38.61 Million +31.11%
2021-12-31 Skr29.45 Million -26.88%
2020-12-31 Skr40.27 Million -26.05%
2019-12-31 Skr54.46 Million -22.17%
2018-12-31 Skr69.98 Million -12.15%
2017-12-31 Skr79.66 Million -17.34%
2016-12-31 Skr96.36 Million +1.99%
2015-12-31 Skr94.48 Million -4.90%
2014-12-31 Skr99.35 Million -15.15%
2013-12-31 Skr117.09 Million -15.71%
2012-12-31 Skr138.92 Million -38.53%
2011-12-31 Skr226.01 Million -2.99%
2010-12-31 Skr232.97 Million +13.38%
2009-12-31 Skr205.47 Million --

Equity Component Analysis

This analysis shows how different components contribute to Nordic Flanges 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 1407.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Skr11.47 Million 51.00%
Other Comprehensive Income Skr7.75 Million 34.46%
Other Components Skr279.00 Million 1240.45%
Total Equity Skr22.49 Million 100.00%

Nordic Flanges Group AB Competitors by Market Cap

The table below lists competitors of Nordic Flanges Group AB ranked by their market capitalization.

Company Market Cap
GCL Global Holdings Ltd Warrants
NASDAQ:GCLWW
 		$483.45K
United National Bank
PINK:UNBK
 		$484.00K
US STEEL
MU:USX1
 		$484.11K
The Turbotville National Bank
PINK:TVNB
 		$484.33K
SUNCOR ENERGY - Dusseldorf Stock Exchang
DU:SM3
 		$483.30K
Mcrae Inds Cl A
PINK:MCRAA
 		$482.90K
VFUCF
PINK:VFUCF
 		$482.76K
SKYWORKS SOLUTIONS - Dusseldorf Stock Exchang
DU:AWM
 		$482.73K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Nordic Flanges Group AB's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 18,976,000 to 22,492,000, a change of 3,516,000 (18.5%).
  • Net loss of 19,758,000 reduced equity.
  • Share repurchases of 8,484,000 reduced equity.
  • New share issuances of 8,484,000 increased equity.
  • Other comprehensive income increased equity by 2,302,000.
  • Other factors increased equity by 20,972,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Skr-19.76 Million -87.84%
Share Repurchases Skr8.48 Million -37.72%
Share Issuances Skr8.48 Million +37.72%
Other Comprehensive Income Skr2.30 Million +10.23%
Other Changes Skr20.97 Million +93.24%
Total Change Skr- 18.53%

Book Value vs Market Value Analysis

This analysis compares Nordic Flanges 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: 1.13x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.05x to 1.13x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2009-12-31 Skr223.89 Skr11.10 x
2010-12-31 Skr295.04 Skr11.10 x
2011-12-31 Skr190.75 Skr11.10 x
2012-12-31 Skr106.10 Skr11.10 x
2013-12-31 Skr74.58 Skr11.10 x
2014-12-31 Skr63.27 Skr11.10 x
2015-12-31 Skr60.16 Skr11.10 x
2016-12-31 Skr61.35 Skr11.10 x
2017-12-31 Skr50.72 Skr11.10 x
2018-12-31 Skr44.55 Skr11.10 x
2019-12-31 Skr34.58 Skr11.10 x
2020-12-31 Skr25.57 Skr11.10 x
2021-12-31 Skr18.63 Skr11.10 x
2022-12-31 Skr15.26 Skr11.10 x
2023-12-31 Skr7.50 Skr11.10 x
2024-12-31 Skr9.80 Skr11.10 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Nordic Flanges 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): -87.84%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -8.64%
  • • Asset Turnover: 1.79x
  • • Equity Multiplier: 5.69x
  • Recent ROE (-87.84%) is below the historical average (-32.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2009 -38.25% -13.43% 0.88x 3.25x Skr-95.70 Million
2010 -4.93% -2.42% 0.89x 2.29x Skr-33.77 Million
2011 -0.45% -0.18% 1.08x 2.27x Skr-23.36 Million
2012 -88.78% -25.11% 1.42x 2.50x Skr-134.58 Million
2013 -15.62% -4.71% 1.32x 2.51x Skr-30.01 Million
2014 -18.65% -5.12% 1.45x 2.50x Skr-28.47 Million
2015 -4.10% -1.59% 1.23x 2.10x Skr-13.32 Million
2016 0.23% 0.10% 1.17x 1.93x Skr-9.42 Million
2017 -20.54% -8.22% 1.24x 2.02x Skr-24.32 Million
2018 -16.16% -5.47% 1.24x 2.37x Skr-18.30 Million
2019 -30.38% -7.95% 1.46x 2.61x Skr-21.99 Million
2020 -30.33% -6.46% 1.69x 2.79x Skr-16.24 Million
2021 -40.85% -6.29% 1.46x 4.44x Skr-14.97 Million
2022 -19.90% -3.22% 1.65x 3.74x Skr-11.54 Million
2023 -102.02% -7.09% 2.11x 6.83x Skr-21.26 Million
2024 -87.84% -8.64% 1.79x 5.69x Skr-22.01 Million

Industry Comparison

This section compares Nordic Flanges Group AB's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

  • Industry: Metal Fabrication
  • Average net assets among peers: $247,051,407
  • Average return on equity (ROE) among peers: 16.26%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Nordic Flanges Group AB (NFGAB) Skr17.34 Million -38.25% 5.58x $483.40K
AGES Industri AB (publ) (AGES-B) $402.48 Million 13.88% 1.18x $5.03 Million
Cell Impact AB (CI) $375.44K 1.22% 0.04x $3.25 Million
HAKI Safety A (HAKI-A) $684.00 Million 4.97% 1.09x $19.52 Million
Precomp Solutions AB Series B (PCOM-B) $27.69 Million 34.85% 2.71x $1.17 Million
ProfilGruppen AB (publ) (PROF-B) $324.60 Million 22.49% 1.29x $17.39 Million
Troax Group AB (TROAX) $43.16 Million 20.17% 2.16x $335.22 Million