Subgen AI (SUBGEN) - Net Assets
Based on the latest financial reports, Subgen AI (SUBGEN) has net assets worth Skr418.65 Million SEK (≈ $45.05 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 (Skr617.77 Million ≈ $66.48 Million USD) and total liabilities (Skr199.12 Million ≈ $21.43 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 financial resilience of Subgen AI to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr418.65 Million |
| % of Total Assets | 67.77% |
| Annual Growth Rate | 180.9% |
| 5-Year Change | 13.02% |
| 10-Year Change | N/A |
| Growth Volatility | 1882.29 |
Subgen AI - Net Assets Trend (2019–2025)
This chart illustrates how Subgen AI's net assets have evolved over time, based on quarterly financial data. Also explore Subgen AI assets under control for the complete picture of this company's asset base.
Annual Net Assets for Subgen AI (2019–2025)
The table below shows the annual net assets of Subgen AI from 2019 to 2025. For live valuation and market cap data, see SUBGEN stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr418.65 Million ≈ $45.05 Million |
+1183.33% |
| 2024-12-31 | Skr-38.65 Million ≈ $-4.16 Million |
-2559.67% |
| 2023-12-31 | Skr-1.45 Million ≈ $-156.37K |
-103.65% |
| 2022-12-31 | Skr39.83 Million ≈ $4.29 Million |
-89.25% |
| 2021-12-31 | Skr370.42 Million ≈ $39.86 Million |
+851.77% |
| 2020-12-31 | Skr38.92 Million ≈ $4.19 Million |
+4473.66% |
| 2019-12-31 | Skr850.94K ≈ $91.57K |
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Equity Component Analysis
This analysis shows how different components contribute to Subgen AI'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 6200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr2.65 Million | 0.63% |
| Other Components | Skr416.00 Million | 99.37% |
| Total Equity | Skr418.65 Million | 100.00% |
Subgen AI Competitors by Market Cap
The table below lists competitors of Subgen AI ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avada Group Ltd
AU:AVD
|
$5.47 Million |
|
Bhuwanatala Indah Permai Tbk
JK:BIPP
|
$5.47 Million |
|
Ahlada Engineers Limited
NSE:AHLADA
|
$5.47 Million |
|
Philly Shipyard ASA
OL:PHLY
|
$5.48 Million |
|
Pure Biologics Spólka Akcyjna
WAR:PUR
|
$5.46 Million |
|
Kontigo Care AB
ST:KONT
|
$5.46 Million |
|
Nandani Creation Limited
NSE:JAIPURKURT
|
$5.46 Million |
|
Narryer Metals Ltd
AU:NYM
|
$5.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Subgen AI's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -38,645,000 to 418,652,000, a change of 457,297,000.
- Net loss of 88,877,000 reduced equity.
- New share issuances of 98,253,000 increased equity.
- Other comprehensive income increased equity by 3,701,000.
- Other factors increased equity by 444,220,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-88.88 Million | -21.23% |
| Share Issuances | Skr98.25 Million | +23.47% |
| Other Comprehensive Income | Skr3.70 Million | +0.88% |
| Other Changes | Skr444.22 Million | +106.11% |
| Total Change | Skr- | % |
Book Value vs Market Value Analysis
This analysis compares Subgen AI'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: 0.00x
- 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 0.84x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Skr0.12 | Skr0.10 | x |
| 2020-12-31 | Skr3.33 | Skr0.10 | x |
| 2021-12-31 | Skr22.61 | Skr0.10 | x |
| 2022-12-31 | Skr2.07 | Skr0.10 | x |
| 2023-12-31 | Skr-0.06 | Skr0.10 | x |
| 2024-12-31 | Skr-125.40 | Skr0.10 | x |
| 2025-12-31 | Skr2708.35 | Skr0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Subgen AI 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): -21.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -43.48%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.48x
- Recent ROE (-21.23%) is above the historical average (-140.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -0.03% | 0.00% | 0.00x | 1.12x | Skr-85.34K |
| 2020 | -26.59% | 0.00% | 0.00x | 1.14x | Skr-14.24 Million |
| 2021 | -24.93% | -695.14% | 0.03x | 1.09x | Skr-129.37 Million |
| 2022 | -911.02% | -21267.88% | 0.03x | 1.68x | Skr-366.81 Million |
| 2023 | 0.00% | -64886.96% | 0.00x | 0.00x | Skr-59.55 Million |
| 2024 | 0.00% | -24.36% | 6.25x | 0.00x | Skr-45.77 Million |
| 2025 | -21.23% | -43.48% | 0.33x | 1.48x | Skr-130.74 Million |
Industry Comparison
This section compares Subgen AI's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $156,131,645
- Average return on equity (ROE) among peers: -53.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Subgen AI (SUBGEN) | Skr418.65 Million | -0.03% | 0.48x | $5.47 Million |
| 4C Group AB (4C) | $268.86 Million | -6.23% | 0.92x | $36.08 Million |
| Advenica AB (ADVE) | $36.92 Million | 30.91% | 1.13x | $111.24 Million |
| Alpcot Holding AB Series B (ALPCOT-B) | $17.73 Million | -72.26% | 1.28x | $20.39 Million |
| Anoto Group AB (ANOT) | $275.70 Million | -19.15% | 0.45x | $8.19 Million |
| Binero Group AB (BINERO) | $100.22 Million | -16.95% | 0.83x | $27.89 Million |
| Clavister Holding AB (publ.) (CLAV) | $66.74 Million | -184.20% | 4.78x | $158.22 Million |
| Cyber Security 1 AB (CYB1) | $21.60 Million | -31.34% | 0.25x | $797.10K |
| Enea AB (ENEA) | $730.08 Million | 0.00% | 0.40x | $179.50 Million |
| Freja eID Group AB (FREJA) | $13.80 Million | -231.67% | 3.52x | $48.72 Million |
| Sonetel AB (SONE) | $29.67 Million | -6.86% | 0.61x | $4.71 Million |
About Subgen AI
Subgen AI AB develops artificial intelligence -based models and applications to control data for government and businesses. The company engages in the provision of information society services aimed at delivering financial and related knowledge tools to facilitate third-party access to financial literacy and instruments that enable them to interpret such information through e-learning; the acquis… Read more