Pandox AB (publ) (PNDX-B) - Net Assets
Based on the latest financial reports, Pandox AB (publ) (PNDX-B) has net assets worth Skr33.97 Billion SEK as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr111.89 Billion) and total liabilities (Skr77.92 Billion). 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 | Skr33.97 Billion |
| % of Total Assets | 30.36% |
| Annual Growth Rate | 9.9% |
| 5-Year Change | 33.62% |
| 10-Year Change | 122.64% |
| Growth Volatility | 10.78 |
Pandox AB (publ) - Net Assets Trend (2011–2025)
This chart illustrates how Pandox AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pandox AB (publ) (2011–2025)
The table below shows the annual net assets of Pandox AB (publ) from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr33.97 Billion | +0.82% |
| 2024-12-31 | Skr33.70 Billion | +13.36% |
| 2023-12-31 | Skr29.73 Billion | -3.91% |
| 2022-12-31 | Skr30.93 Billion | +21.68% |
| 2021-12-31 | Skr25.42 Billion | +5.54% |
| 2020-12-31 | Skr24.09 Billion | -9.12% |
| 2019-12-31 | Skr26.51 Billion | +23.07% |
| 2018-12-31 | Skr21.54 Billion | +13.20% |
| 2017-12-31 | Skr19.03 Billion | +24.70% |
| 2016-12-31 | Skr15.26 Billion | +24.91% |
| 2015-12-31 | Skr12.21 Billion | +17.43% |
| 2014-12-31 | Skr10.40 Billion | -0.26% |
| 2013-12-31 | Skr10.43 Billion | +11.00% |
| 2012-12-31 | Skr9.40 Billion | +3.76% |
| 2011-12-31 | Skr9.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pandox AB (publ)'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 231.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr23.65 Billion | 70.11% |
| Common Stock | Skr487.00 Million | 1.44% |
| Other Comprehensive Income | Skr-46.00 Million | -0.14% |
| Other Components | Skr9.64 Billion | 28.58% |
| Total Equity | Skr33.73 Billion | 100.00% |
Pandox AB (publ) Competitors by Market Cap
The table below lists competitors of Pandox AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Automotive Engineering Research Institute Co Ltd
SHG:601965
|
$2.55 Billion |
|
Momentum Metropolitan Holdings Ltd
JSE:MTM
|
$2.55 Billion |
|
Home Product Center Public Company Limited
BK:HMPRO
|
$2.55 Billion |
|
REN - Redes Energéticas Nacionais SGPS S.A
LS:RENE
|
$2.55 Billion |
|
Longshine Technology Co Ltd
SHE:300682
|
$2.54 Billion |
|
XiAn Shaangu Power Co Ltd
SHG:601369
|
$2.54 Billion |
|
Kirloskar Oil Engines Limited
NSE:KIRLOSENG
|
$2.54 Billion |
|
Afi Properties Ltd
TA:AFPR
|
$2.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pandox AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,528,000,000 to 33,729,000,000, a change of 201,000,000 (0.6%).
- Net income of 3,140,000,000 contributed positively to equity growth.
- Dividend payments of 827,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,280,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr3.14 Billion | +9.31% |
| Dividends Paid | Skr827.00 Million | -2.45% |
| Other Comprehensive Income | Skr-2.28 Billion | -6.76% |
| Other Changes | Skr168.00 Million | +0.5% |
| Total Change | Skr- | 0.60% |
Book Value vs Market Value Analysis
This analysis compares Pandox AB (publ)'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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.15x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Skr62.89 | Skr197.80 | x |
| 2013-12-31 | Skr69.80 | Skr197.80 | x |
| 2014-12-31 | Skr69.34 | Skr197.80 | x |
| 2015-12-31 | Skr80.61 | Skr197.80 | x |
| 2016-12-31 | Skr100.36 | Skr197.80 | x |
| 2017-12-31 | Skr119.38 | Skr197.80 | x |
| 2018-12-31 | Skr127.63 | Skr197.80 | x |
| 2019-12-31 | Skr154.95 | Skr197.80 | x |
| 2020-12-31 | Skr129.89 | Skr197.80 | x |
| 2021-12-31 | Skr137.14 | Skr197.80 | x |
| 2022-12-31 | Skr167.47 | Skr197.80 | x |
| 2023-12-31 | Skr160.85 | Skr197.80 | x |
| 2024-12-31 | Skr179.42 | Skr197.80 | x |
| 2025-12-31 | Skr173.32 | Skr197.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pandox AB (publ) 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): 9.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.04%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 3.32x
- Recent ROE (9.31%) is above the historical average (8.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 5.28% | 17.90% | 0.10x | 2.91x | Skr-443.04 Million |
| 2013 | 9.09% | 32.72% | 0.10x | 2.67x | Skr-95.18 Million |
| 2014 | 12.04% | 40.73% | 0.11x | 2.62x | Skr212.55 Million |
| 2015 | 17.62% | 59.38% | 0.11x | 2.61x | Skr921.80 Million |
| 2016 | 14.59% | 55.79% | 0.10x | 2.55x | Skr692.90 Million |
| 2017 | 16.66% | 73.55% | 0.08x | 2.75x | Skr1.26 Billion |
| 2018 | 13.19% | 55.04% | 0.09x | 2.57x | Skr682.20 Million |
| 2019 | 10.27% | 48.73% | 0.08x | 2.49x | Skr71.00 Million |
| 2020 | -5.90% | -44.30% | 0.05x | 2.71x | Skr-3.80 Billion |
| 2021 | 2.42% | 18.64% | 0.05x | 2.65x | Skr-1.91 Billion |
| 2022 | 13.72% | 74.58% | 0.08x | 2.45x | Skr1.14 Billion |
| 2023 | -1.98% | -8.50% | 0.09x | 2.48x | Skr-3.54 Billion |
| 2024 | 5.04% | 23.67% | 0.09x | 2.41x | Skr-1.66 Billion |
| 2025 | 9.31% | 42.04% | 0.07x | 3.32x | Skr-232.90 Million |
Industry Comparison
This section compares Pandox AB (publ)'s net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,546,065,100
- Average return on equity (ROE) among peers: 6.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pandox AB (publ) (PNDX-B) | Skr33.97 Billion | 5.28% | 2.29x | $2.55 Billion |
| Annehem Fastigheter AB (ANNE-B) | $2.50 Billion | 8.29% | 0.87x | $153.57 Million |
| Bonasudden Holding AB (BONAS) | $585.85 Million | 4.91% | 1.63x | $29.83 Million |
| Brinova Fastigheter AB (publ) (BRIN-B) | $579.30 Million | 11.32% | 2.45x | $276.76 Million |
| Eastnine AB (publ) (EAST) | $467.90 Million | 8.92% | 1.20x | $511.37 Million |
| Fastighetsbolaget Emilshus AB (EMIL-B) | $5.13 Billion | 10.21% | 1.47x | $728.05 Million |
| Fabege AB (FABG) | $11.28 Billion | 15.05% | 1.60x | $2.74 Billion |
| Fastator AB (FASTAT) | $581.49 Million | 8.83% | 0.49x | $2.89 Million |
| Fleming Properties AB (FLMNG) | $55.22 Million | -5.08% | 1.50x | $38.03 Million |
| Fortinova Fastigheter AB Series B (FNOVA-B) | $551.80 Million | 0.00% | 1.88x | $138.56 Million |
| Genova Property Group AB (GPG) | $3.73 Billion | 6.25% | 2.46x | $203.73 Million |
About Pandox AB (publ)
Pandox AB (publ), a hotel property company, owns, develops, and leases hotel properties to skilled hotel operators. The company operates in two segments: Leases and Own Operations. The Leases segment leases hotels to hotel operators. The Own Operations segment owns hotel properties and operates hotels. It has operations in Sweden, Denmark, Norway, Finland, Germany, Belgium, the United Kingdom, Ir… Read more