Novotek AB
Novotek AB delivers solutions in the industrial IT and automation areas in Sweden, Norway, Denmark, Finland, Benelux countries, the United Kingdom, Ireland, and Switzerland. The company designs, implements, deploys, and maintains its customers' systems for production management and control. It serves the energy, infrastructure, iron and steel, chemistry and petrochemical, food, pharmaceutical, pa… Read more
Novotek AB (NTEK-B) - Net Assets
Latest net assets as of September 2025: Skr227.20 Million SEK
Based on the latest financial reports, Novotek AB (NTEK-B) has net assets worth Skr227.20 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 (Skr545.70 Million) and total liabilities (Skr318.50 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 | Skr227.20 Million |
| % of Total Assets | 41.63% |
| Annual Growth Rate | 4.74% |
| 5-Year Change | 64.36% |
| 10-Year Change | 194.47% |
| Growth Volatility | 8.62 |
Novotek AB - Net Assets Trend (2002–2024)
This chart illustrates how Novotek 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 Novotek AB (2002–2024)
The table below shows the annual net assets of Novotek AB from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr235.06 Million | +14.72% |
| 2023-12-31 | Skr204.89 Million | +9.17% |
| 2022-12-31 | Skr187.69 Million | +13.97% |
| 2021-12-31 | Skr164.69 Million | +15.16% |
| 2020-12-31 | Skr143.01 Million | +16.86% |
| 2019-12-31 | Skr122.38 Million | +13.26% |
| 2018-12-31 | Skr108.05 Million | +12.42% |
| 2017-12-31 | Skr96.11 Million | +9.74% |
| 2016-12-31 | Skr87.58 Million | +9.71% |
| 2015-12-31 | Skr79.82 Million | +1.68% |
| 2014-12-31 | Skr78.50 Million | +7.43% |
| 2013-12-31 | Skr73.07 Million | -0.49% |
| 2012-12-31 | Skr73.43 Million | -13.81% |
| 2011-12-31 | Skr85.19 Million | -2.18% |
| 2010-12-31 | Skr87.09 Million | -3.16% |
| 2009-12-31 | Skr89.93 Million | -12.37% |
| 2008-12-31 | Skr102.63 Million | +5.62% |
| 2007-12-31 | Skr97.17 Million | +3.54% |
| 2006-12-31 | Skr93.84 Million | -0.21% |
| 2005-12-31 | Skr94.04 Million | +7.96% |
| 2004-12-31 | Skr87.10 Million | -6.99% |
| 2003-12-31 | Skr93.65 Million | +10.27% |
| 2002-12-31 | Skr84.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Novotek 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 grown by 1488.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr160.10 Million | 69.89% |
| Common Stock | Skr2.65 Million | 1.16% |
| Other Comprehensive Income | Skr23.24 Million | 10.15% |
| Other Components | Skr43.10 Million | 18.81% |
| Total Equity | Skr229.09 Million | 100.00% |
Novotek AB Competitors by Market Cap
The table below lists competitors of Novotek AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thessaloniki Water Supply & Sewerage Co S.A
AT:EYAPS
|
$37.18 Million |
|
Redwood Capital Bancorp
OTCQX:RWCB
|
$37.21 Million |
|
Hang Xanh Motors Service JSC
VN:HAX
|
$37.22 Million |
|
Ginar Technology Co Ltd
TWO:6151
|
$37.22 Million |
|
Ekinops SA
PA:EKI
|
$37.16 Million |
|
eHealth Inc
NASDAQ:EHTH
|
$37.15 Million |
|
Expleo Solutions Limited
NSE:EXPLEOSOL
|
$37.15 Million |
|
Wellspire Holdings Berhad
KLSE:0271
|
$37.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Novotek AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 202,036,000 to 229,089,000, a change of 27,053,000 (13.4%).
- Net income of 77,015,000 contributed positively to equity growth.
- Dividend payments of 17,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 8,318,001.
- Other factors decreased equity by 40,780,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr77.02 Million | +33.62% |
| Dividends Paid | Skr17.50 Million | -7.64% |
| Other Comprehensive Income | Skr8.32 Million | +3.63% |
| Other Changes | Skr-40.78 Million | -17.8% |
| Total Change | Skr- | 13.39% |
Book Value vs Market Value Analysis
This analysis compares Novotek 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: 3.05x
- 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 54.96x to 3.05x 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 | Skr1.20 | Skr66.00 | x |
| 2003-12-31 | Skr1.46 | Skr66.00 | x |
| 2004-12-31 | Skr1.35 | Skr66.00 | x |
| 2005-12-31 | Skr1.78 | Skr66.00 | x |
| 2006-12-31 | Skr8.39 | Skr66.00 | x |
| 2007-12-31 | Skr8.45 | Skr66.00 | x |
| 2008-12-31 | Skr9.20 | Skr66.00 | x |
| 2009-12-31 | Skr8.17 | Skr66.00 | x |
| 2010-12-31 | Skr7.89 | Skr66.00 | x |
| 2011-12-31 | Skr7.68 | Skr66.00 | x |
| 2012-12-31 | Skr6.62 | Skr66.00 | x |
| 2013-12-31 | Skr6.58 | Skr66.00 | x |
| 2014-12-31 | Skr7.12 | Skr66.00 | x |
| 2015-12-31 | Skr7.28 | Skr66.00 | x |
| 2016-12-31 | Skr7.92 | Skr66.00 | x |
| 2017-12-31 | Skr8.66 | Skr66.00 | x |
| 2018-12-31 | Skr9.86 | Skr66.00 | x |
| 2019-12-31 | Skr11.28 | Skr66.00 | x |
| 2020-12-31 | Skr13.29 | Skr66.00 | x |
| 2021-12-31 | Skr15.40 | Skr66.00 | x |
| 2022-12-31 | Skr17.57 | Skr66.00 | x |
| 2023-12-31 | Skr19.06 | Skr66.00 | x |
| 2024-12-31 | Skr21.61 | Skr66.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Novotek 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): 33.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.76%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 2.86x
- Recent ROE (33.62%) is above the historical average (27.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 79.18% | 5.05% | 1.65x | 9.47x | Skr8.81 Million |
| 2003 | 82.92% | 6.45% | 1.42x | 9.05x | Skr11.32 Million |
| 2004 | 81.50% | 6.00% | 1.47x | 9.23x | Skr10.24 Million |
| 2005 | 82.81% | 7.80% | 1.41x | 7.51x | Skr13.74 Million |
| 2006 | 17.19% | 7.15% | 1.31x | 1.84x | Skr6.39 Million |
| 2007 | 14.85% | 5.05% | 1.56x | 1.89x | Skr4.34 Million |
| 2008 | 10.72% | 3.58% | 1.54x | 1.95x | Skr698.70K |
| 2009 | 1.44% | 0.52% | 1.52x | 1.83x | Skr-7.42 Million |
| 2010 | 9.31% | 3.70% | 1.36x | 1.86x | Skr-575.90K |
| 2011 | 10.92% | 4.13% | 1.41x | 1.87x | Skr747.00K |
| 2012 | 0.99% | 0.36% | 1.49x | 1.85x | Skr-6.33 Million |
| 2013 | 14.18% | 5.06% | 1.45x | 1.94x | Skr2.91 Million |
| 2014 | 18.69% | 6.41% | 1.52x | 1.91x | Skr6.56 Million |
| 2015 | 18.99% | 6.73% | 1.48x | 1.90x | Skr6.94 Million |
| 2016 | 17.86% | 7.08% | 1.33x | 1.90x | Skr6.60 Million |
| 2017 | 21.84% | 8.51% | 1.27x | 2.03x | Skr10.87 Million |
| 2018 | 22.64% | 8.33% | 1.32x | 2.06x | Skr13.21 Million |
| 2019 | 22.32% | 8.79% | 1.27x | 2.00x | Skr14.74 Million |
| 2020 | 20.18% | 8.91% | 1.15x | 1.98x | Skr14.35 Million |
| 2021 | 24.36% | 10.18% | 1.23x | 1.95x | Skr23.44 Million |
| 2022 | 16.67% | 7.17% | 1.04x | 2.23x | Skr12.42 Million |
| 2023 | 13.18% | 5.30% | 1.15x | 2.17x | Skr6.43 Million |
| 2024 | 33.62% | 15.76% | 0.75x | 2.86x | Skr54.11 Million |
Industry Comparison
This section compares Novotek AB's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $221,851,556
- Average return on equity (ROE) among peers: 2.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Novotek AB (NTEK-B) | Skr227.20 Million | 79.18% | 1.40x | $37.16 Million |
| Addnode Group AB (publ) (ANOD-B) | $964.66 Million | 8.53% | 1.06x | $744.57 Million |
| Avensia publ AB (AVEN) | $59.26 Million | 1.89% | 1.82x | $5.95 Million |
| B3 Consulting Group AB (B3) | $262.20 Million | 31.77% | 2.38x | $15.78 Million |
| CAG Group AB (publ) (CAG) | $192.20 Million | 14.15% | 0.86x | $41.51 Million |
| CombinedX AB (CX) | $226.90 Million | 21.73% | 0.88x | $27.96 Million |
| Exsitec Holding AB (EXS) | $98.59 Million | -7.53% | 0.99x | $66.59 Million |
| Fram Skandinavien AB Series B (FRAM-B) | $38.35 Million | -49.20% | 0.17x | $456.08K |
| Godsinlosen Nordic AB (GIAB) | $-13.40 Million | 0.00% | 0.00x | $143.79K |
| Know IT AB (KNOW) | $167.89 Million | 0.00% | 1.76x | $193.78 Million |