Re:NewCell AB (publ)
Re:NewCell AB (publ) operates as a textile recycling company in Sweden. It produces and sells dissolving pulp from recycled textiles under the Circulose brand. The company sells its dissolving pulp products to producers of man-made cellulosic fiber, such as viscose, modal, lyocell, and other regenerated fibers. Re:NewCell AB (publ) was incorporated in 2012 and is headquartered in Stockholm, Swede… Read more
Re:NewCell AB (publ) (RENEW) - Net Assets
Latest net assets as of September 2023: Skr797.70 Million SEK
Based on the latest financial reports, Re:NewCell AB (publ) (RENEW) has net assets worth Skr797.70 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 (Skr2.03 Billion) and total liabilities (Skr1.23 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 | Skr797.70 Million |
| % of Total Assets | 39.35% |
| Annual Growth Rate | 68.51% |
| 5-Year Change | 1067.55% |
| 10-Year Change | N/A |
| Growth Volatility | 312.81 |
Re:NewCell AB (publ) - Net Assets Trend (2017–2022)
This chart illustrates how Re:NewCell 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 Re:NewCell AB (publ) (2017–2022)
The table below shows the annual net assets of Re:NewCell AB (publ) from 2017 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | Skr863.90 Million | +28.13% |
| 2021-12-31 | Skr674.23 Million | -15.76% |
| 2020-12-31 | Skr800.37 Million | +793.57% |
| 2019-12-31 | Skr89.57 Million | +21.05% |
| 2018-12-31 | Skr73.99 Million | +16.32% |
| 2017-12-31 | Skr63.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Re:NewCell 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 decreased by 1727.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr953.00K | 0.11% |
| Other Components | Skr1.44 Billion | 166.88% |
| Total Equity | Skr863.90 Million | 100.00% |
Re:NewCell AB (publ) Competitors by Market Cap
The table below lists competitors of Re:NewCell AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L-Konzept Holding AG
F:LKB
|
$14.20 Million |
|
SINCLAIRS HOTELS ORD (BSE)
NSE:SINCLAIR
|
$14.20 Million |
|
IMPRESA SGPS SA NOM.EO05
F:IR9
|
$14.21 Million |
|
Sealink International Bhd
KLSE:5145
|
$14.21 Million |
|
Indo Amines Limited
NSE:INDOAMIN
|
$14.19 Million |
|
United Tennessee Bankshares Inc
OTCQB:UNTN
|
$14.19 Million |
|
Xinchen China Power Holdings Limited
F:4XI
|
$14.19 Million |
|
Wooree E&L Co. Ltd
KQ:153490
|
$14.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Re:NewCell AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 674,234,000 to 863,903,000, a change of 189,669,000 (28.1%).
- Net loss of 299,936,000 reduced equity.
- New share issuances of 509,164,000 increased equity.
- Other factors decreased equity by 19,559,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-299.94 Million | -34.72% |
| Share Issuances | Skr509.16 Million | +58.94% |
| Other Changes | Skr-19.56 Million | -2.26% |
| Total Change | Skr- | 28.13% |
Book Value vs Market Value Analysis
This analysis compares Re:NewCell 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: 0.23x
- 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.
- The price-to-book ratio has decreased from 2.57x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Skr2.07 | Skr5.30 | x |
| 2018-12-31 | Skr2.40 | Skr5.30 | x |
| 2019-12-31 | Skr2.91 | Skr5.30 | x |
| 2020-12-31 | Skr38.66 | Skr5.30 | x |
| 2021-12-31 | Skr20.85 | Skr5.30 | x |
| 2022-12-31 | Skr23.31 | Skr5.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Re:NewCell 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): -34.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2172.66%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.12x
- Recent ROE (-34.72%) is below the historical average (-28.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -36.49% | 0.00% | 0.00x | 1.26x | Skr-29.57 Million |
| 2018 | -24.89% | 0.00% | 0.00x | 1.20x | Skr-25.82 Million |
| 2019 | -42.63% | -5091.73% | 0.01x | 1.16x | Skr-47.15 Million |
| 2020 | -8.64% | -4761.25% | 0.00x | 1.03x | Skr-149.22 Million |
| 2021 | -20.61% | -3889.48% | 0.00x | 1.65x | Skr-206.39 Million |
| 2022 | -34.72% | -2172.66% | 0.01x | 2.12x | Skr-386.33 Million |
Industry Comparison
This section compares Re:NewCell AB (publ)'s net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $253,300,000
- Average return on equity (ROE) among peers: 2.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Re:NewCell AB (publ) (RENEW) | Skr797.70 Million | -36.49% | 1.54x | $14.20 Million |
| Duroc AB (publ) (DURC-B) | $253.30 Million | 2.25% | 0.77x | $45.40 Million |