Nordic Flanges Group AB (NFGAB) - Net Assets
Based on the latest financial reports, Nordic Flanges Group AB (NFGAB) has net assets worth Skr17.34 Million SEK (≈ $1.87 Million USD) 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 ≈ $12.28 Million USD) and total liabilities (Skr96.79 Million ≈ $10.42 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 NFGAB capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see Nordic Flanges Group AB market capitalisation.
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. Also explore NFGAB year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr22.49 Million ≈ $2.42 Million |
+18.53% |
| 2023-12-31 | Skr18.98 Million ≈ $2.04 Million |
-50.85% |
| 2022-12-31 | Skr38.61 Million ≈ $4.16 Million |
+31.11% |
| 2021-12-31 | Skr29.45 Million ≈ $3.17 Million |
-26.88% |
| 2020-12-31 | Skr40.27 Million ≈ $4.33 Million |
-26.05% |
| 2019-12-31 | Skr54.46 Million ≈ $5.86 Million |
-22.17% |
| 2018-12-31 | Skr69.98 Million ≈ $7.53 Million |
-12.15% |
| 2017-12-31 | Skr79.66 Million ≈ $8.57 Million |
-17.34% |
| 2016-12-31 | Skr96.36 Million ≈ $10.37 Million |
+1.99% |
| 2015-12-31 | Skr94.48 Million ≈ $10.17 Million |
-4.90% |
| 2014-12-31 | Skr99.35 Million ≈ $10.69 Million |
-15.15% |
| 2013-12-31 | Skr117.09 Million ≈ $12.60 Million |
-15.71% |
| 2012-12-31 | Skr138.92 Million ≈ $14.95 Million |
-38.53% |
| 2011-12-31 | Skr226.01 Million ≈ $24.32 Million |
-2.99% |
| 2010-12-31 | Skr232.97 Million ≈ $25.07 Million |
+13.38% |
| 2009-12-31 | Skr205.47 Million ≈ $22.11 Million |
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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 |
|---|---|
|
REGENER8 Resources NL
AU:R8R
|
$7.11 Million |
|
Transocean Holdings Bhd
KLSE:7218
|
$7.12 Million |
|
Bio-gate AG
XETRA:BIG1
|
$7.12 Million |
|
Dynasty Gold Corp
V:DYG
|
$7.12 Million |
|
GENSOL ENGINEERING ORD (BSE)
NSE:GENSOL
|
$7.11 Million |
|
Magmatic Resources Ltd
AU:MAG
|
$7.11 Million |
|
ODIGMA CONSULTANCY SOLUTIONS LTD
NSE:ODIGMA
|
$7.10 Million |
|
Cadoux Ltd
AU:CCM
|
$7.09 Million |
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: 2.94x
- 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 0.13x to 2.94x 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 | Skr28.80 | x |
| 2010-12-31 | Skr295.04 | Skr28.80 | x |
| 2011-12-31 | Skr190.75 | Skr28.80 | x |
| 2012-12-31 | Skr106.10 | Skr28.80 | x |
| 2013-12-31 | Skr74.58 | Skr28.80 | x |
| 2014-12-31 | Skr63.27 | Skr28.80 | x |
| 2015-12-31 | Skr60.16 | Skr28.80 | x |
| 2016-12-31 | Skr61.35 | Skr28.80 | x |
| 2017-12-31 | Skr50.72 | Skr28.80 | x |
| 2018-12-31 | Skr44.55 | Skr28.80 | x |
| 2019-12-31 | Skr34.58 | Skr28.80 | x |
| 2020-12-31 | Skr25.57 | Skr28.80 | x |
| 2021-12-31 | Skr18.63 | Skr28.80 | x |
| 2022-12-31 | Skr15.26 | Skr28.80 | x |
| 2023-12-31 | Skr7.50 | Skr28.80 | x |
| 2024-12-31 | Skr9.80 | Skr28.80 | 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: $145,806,963
- Average return on equity (ROE) among peers: -7.29%
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 | $7.11 Million |
| AGES Industri AB (publ) (AGES-B) | $457.47 Million | 12.75% | 1.28x | $24.23 Million |
| Cell Impact AB (CI) | $23.09 Million | -79.23% | 0.28x | $1.04 Million |
| Precomp Solutions AB Series B (PCOM-B) | $21.88 Million | 1.42% | 3.39x | $3.26 Million |
| ProfilGruppen AB (publ) (PROF-B) | $217.20 Million | 11.00% | 1.54x | $99.13 Million |
| Troax Group AB (TROAX) | $9.40 Million | 17.59% | 4.64x | $981.50 Million |
About Nordic Flanges Group AB
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