Harm Reduction Group AB
Harm Reduction Group AB (publ) provides legal nicotine products as a substitute for the harmful tobacco smoking. It also offers electronic cigarettes. The company offer its products under Norse, IVG, Aroma King, and other brands. It sells its products through physical stores, e-commerce, brands, and retail sales. The company was formerly known as Norse Impact AB (publ) and changed its name to Har… Read more
Harm Reduction Group AB (NOHARM) - Net Assets
Latest net assets as of September 2023: Skr53.03 Million SEK
Based on the latest financial reports, Harm Reduction Group AB (NOHARM) has net assets worth Skr53.03 Million SEK as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr160.69 Million) and total liabilities (Skr107.65 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 | Skr53.03 Million |
| % of Total Assets | 33.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Harm Reduction Group AB - Net Assets Trend (2020–2022)
This chart illustrates how Harm Reduction 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 Harm Reduction Group AB (2020–2022)
The table below shows the annual net assets of Harm Reduction Group AB from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-09-30 | Skr69.54 Million | +126.14% |
| 2021-09-30 | Skr30.75 Million | -- |
| 2020-09-30 | Skr0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harm Reduction 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Skr69.54 Million | 100.00% |
| Total Equity | Skr69.54 Million | 100.00% |
Harm Reduction Group AB Competitors by Market Cap
The table below lists competitors of Harm Reduction Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCSK (QSU.SG)
STU:QSU
|
$307.40K |
|
CONSOLIDATED WATER (CW2.SG)
STU:CW2
|
$307.61K |
|
AFRIC INDUSTRIES SA
BC:AFRIC-INDUSTRIES-SA
|
$307.62K |
|
AZIMUT HOLDING - Dusseldorf Stock Exchang
DU:HDB
|
$308.17K |
|
Freedom Care Group Holdings Ltd
AU:FCG
|
$307.06K |
|
Klepierre
STU:KPR
|
$306.91K |
|
EXPERIAN (J2B.SG)
STU:J2B
|
$306.77K |
|
Element Lifestyle Retirement Inc
V:ELM
|
$306.54K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harm Reduction Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 30,750,000 to 69,539,000, a change of 38,789,000 (126.1%).
- Net loss of 10,953,000 reduced equity.
- New share issuances of 301,000 increased equity.
- Other factors increased equity by 49,441,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-10.95 Million | -15.75% |
| Share Issuances | Skr301.00K | +0.43% |
| Other Changes | Skr49.44 Million | +71.1% |
| Total Change | Skr- | 126.14% |
Book Value vs Market Value Analysis
This analysis compares Harm Reduction 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: 0.07x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | Skr0.00 | Skr0.02 | x |
| 2021-09-30 | Skr0.14 | Skr0.02 | x |
| 2022-09-30 | Skr0.24 | Skr0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harm Reduction 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): -15.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.17%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 2.30x
- Recent ROE (-15.75%) is above the historical average (-17.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | Skr0.00 |
| 2021 | -37.08% | -14.33% | 1.49x | 1.74x | Skr-14.48 Million |
| 2022 | -15.75% | -6.17% | 1.11x | 2.30x | Skr-17.91 Million |
Industry Comparison
This section compares Harm Reduction Group AB's net assets metrics with peer companies in the Tobacco industry.
Industry Context
- Industry: Tobacco
- Average net assets among peers: $348,364,500
- Average return on equity (ROE) among peers: -9.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harm Reduction Group AB (NOHARM) | Skr53.03 Million | 0.00% | 2.03x | $307.16K |
| Haypp Grp Ab (HAYPP) | $568.62 Million | -4.86% | 0.63x | $182.81 Million |
| Nicoccino Holding AB (NICO) | $128.11 Million | -13.60% | 0.02x | $1.68 Million |