Photocat AS (PCAT) - Net Assets
Based on the latest financial reports, Photocat AS (PCAT) has net assets worth Skr11.44 Million SEK (≈ $1.23 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr24.88 Million ≈ $2.68 Million USD) and total liabilities (Skr13.44 Million ≈ $1.45 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 PCAT intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr11.44 Million |
| % of Total Assets | 45.99% |
| Annual Growth Rate | 7.36% |
| 5-Year Change | 1.23% |
| 10-Year Change | 24.25% |
| Growth Volatility | 44.37 |
Photocat AS - Net Assets Trend (2010–2025)
This chart illustrates how Photocat AS's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Photocat AS to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Photocat AS (2010–2025)
The table below shows the annual net assets of Photocat AS from 2010 to 2025. For live valuation and market cap data, see PCAT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr11.44 Million ≈ $1.23 Million |
+9.20% |
| 2024-12-31 | Skr10.48 Million ≈ $1.13 Million |
-14.43% |
| 2023-12-31 | Skr12.25 Million ≈ $1.32 Million |
-13.56% |
| 2022-12-31 | Skr14.17 Million ≈ $1.52 Million |
+25.32% |
| 2021-12-31 | Skr11.30 Million ≈ $1.22 Million |
-16.05% |
| 2020-12-31 | Skr13.46 Million ≈ $1.45 Million |
+4.13% |
| 2019-12-31 | Skr12.93 Million ≈ $1.39 Million |
+70.85% |
| 2018-12-31 | Skr7.57 Million ≈ $814.46K |
-33.15% |
| 2017-12-31 | Skr11.32 Million ≈ $1.22 Million |
+22.93% |
| 2016-12-31 | Skr9.21 Million ≈ $991.04K |
-26.08% |
| 2015-12-31 | Skr12.46 Million ≈ $1.34 Million |
+104.23% |
| 2014-12-31 | Skr6.10 Million ≈ $656.46K |
-18.83% |
| 2013-12-31 | Skr7.51 Million ≈ $808.73K |
+4.16% |
| 2012-12-31 | Skr7.21 Million ≈ $776.45K |
+111.96% |
| 2011-12-31 | Skr3.40 Million ≈ $366.32K |
-13.71% |
| 2010-12-31 | Skr3.94 Million ≈ $424.55K |
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Equity Component Analysis
This analysis shows how different components contribute to Photocat AS'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 183200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr6.00 Million | 52.39% |
| Other Components | Skr7.28 Million | 63.62% |
| Total Equity | Skr11.44 Million | 100.00% |
Photocat AS Competitors by Market Cap
The table below lists competitors of Photocat AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Group 107 Ltd
TA:G107
|
$4.20 Million |
|
Coloured Ties Capital Inc
V:TIE
|
$4.20 Million |
|
Future Fintech Group Inc
NASDAQ:FTFT
|
$4.21 Million |
|
Zelira Therapeutics Ltd
AU:ZLD
|
$4.21 Million |
|
Biophytis S.A.
NASDAQ:BPTSY
|
$4.19 Million |
|
Henderson International Income Trust PLC
LSE:HINT
|
$4.18 Million |
|
Whitemud Resources Inc
V:WMK
|
$4.18 Million |
|
Bio Green Med Solution, Inc.
NASDAQ:BGMS
|
$4.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Photocat AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,478,000 to 11,442,000, a change of 964,000 (9.2%).
- Net income of 859,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr859.00K | +7.51% |
| Other Changes | Skr105.00K | +0.92% |
| Total Change | Skr- | 9.20% |
Book Value vs Market Value Analysis
This analysis compares Photocat AS'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: 3.55x
- 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 increased from 2.31x to 3.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Skr2.82 | Skr6.50 | x |
| 2013-12-31 | Skr2.94 | Skr6.50 | x |
| 2014-12-31 | Skr2.38 | Skr6.50 | x |
| 2015-12-31 | Skr4.87 | Skr6.50 | x |
| 2016-12-31 | Skr3.60 | Skr6.50 | x |
| 2017-12-31 | Skr3.77 | Skr6.50 | x |
| 2018-12-31 | Skr1.68 | Skr6.50 | x |
| 2019-12-31 | Skr2.59 | Skr6.50 | x |
| 2020-12-31 | Skr2.56 | Skr6.50 | x |
| 2021-12-31 | Skr2.13 | Skr6.50 | x |
| 2022-12-31 | Skr2.42 | Skr6.50 | x |
| 2023-12-31 | Skr2.09 | Skr6.50 | x |
| 2024-12-31 | Skr1.75 | Skr6.50 | x |
| 2025-12-31 | Skr1.83 | Skr6.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Photocat AS 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): 7.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.25%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.17x
- Recent ROE (7.51%) is above the historical average (-30.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 4.31% | 7.10% | 0.30x | 2.04x | Skr-410.50K |
| 2013 | 3.99% | 7.34% | 0.22x | 2.46x | Skr-451.50K |
| 2014 | -37.28% | -55.71% | 0.25x | 2.71x | Skr-2.88 Million |
| 2015 | -50.57% | -266.85% | 0.12x | 1.59x | Skr-7.55 Million |
| 2016 | -106.23% | -188.83% | 0.32x | 1.74x | Skr-10.70 Million |
| 2017 | -60.31% | -121.56% | 0.35x | 1.41x | Skr-7.96 Million |
| 2018 | -67.64% | -111.60% | 0.32x | 1.92x | Skr-5.88 Million |
| 2019 | -31.84% | -61.12% | 0.40x | 1.29x | Skr-5.41 Million |
| 2020 | -13.58% | -13.14% | 0.83x | 1.25x | Skr-3.17 Million |
| 2021 | -19.11% | -13.77% | 0.85x | 1.63x | Skr-3.29 Million |
| 2022 | -21.08% | -17.63% | 0.75x | 1.60x | Skr-4.40 Million |
| 2023 | -15.68% | -11.37% | 0.73x | 1.89x | Skr-3.14 Million |
| 2024 | -25.07% | -21.69% | 0.62x | 1.87x | Skr-3.67 Million |
| 2025 | 7.51% | 6.25% | 0.55x | 2.17x | Skr-285.20K |
Industry Comparison
This section compares Photocat AS's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,173,478,737
- Average return on equity (ROE) among peers: -33.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Photocat AS (PCAT) | Skr11.44 Million | 4.31% | 1.17x | $4.19 Million |
| Svenska Aerogel Holding AB (publ) (AERO) | $36.34 Million | -79.95% | 0.72x | $3.10 Million |
| Arla Plast AB (ARPL) | $420.39 Million | 12.33% | 0.53x | $87.71 Million |
| aXichem AB (AXIC-A) | $5.65 Million | -30.35% | 1.35x | $8.27 Million |
| HEXPOL AB (publ) (HPOL-B) | $9.76 Billion | 15.81% | 0.79x | $2.63 Billion |
| I-Tech (ITECH) | $36.95 Million | -22.78% | 0.62x | $90.38 Million |
| Nexam Chemical Holding AB (NEXAM) | $215.62 Million | -5.89% | 0.29x | $34.52 Million |
| Organoclick AB (ORGC) | $41.48 Million | -72.13% | 1.02x | $5.17 Million |
| Polygiene AB (POLYG) | $41.29 Million | -7.66% | 0.39x | $20.36 Million |
| Triboron International AB (publ) (TRIBO-B) | $7.58 Million | -108.43% | 0.73x | $6.57 Million |
About Photocat AS
Photocat A/S produces photocatalytic liquids and solutions for building materials and asphalt that reduces harmful matters caused by air pollution worldwide. Its photocatalytic building materials reduces air pollution by using light. The company offers NOxOFF, a formulated coating for concrete, bitumen roofing, and asphalt road surfaces; Actifloor, which acts as a giant natural filter for surface… Read more