Thunderful Group AB (THUNDR) - Net Assets
Based on the latest financial reports, Thunderful Group AB (THUNDR) has net assets worth Skr133.20 Million SEK (≈ $14.33 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 (Skr306.10 Million ≈ $32.94 Million USD) and total liabilities (Skr172.90 Million ≈ $18.61 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 Thunderful Group AB asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr133.20 Million |
| % of Total Assets | 43.52% |
| Annual Growth Rate | 3.7% |
| 5-Year Change | -92.6% |
| 10-Year Change | N/A |
| Growth Volatility | 104.65 |
Thunderful Group AB - Net Assets Trend (2017–2025)
This chart illustrates how Thunderful Group AB's net assets have evolved over time, based on quarterly financial data. Also explore Thunderful Group AB balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Thunderful Group AB (2017–2025)
The table below shows the annual net assets of Thunderful Group AB from 2017 to 2025. For live valuation and market cap data, see THUNDR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr133.20 Million ≈ $14.33 Million |
-76.96% |
| 2024-12-31 | Skr578.00 Million ≈ $62.20 Million |
-58.19% |
| 2023-12-31 | Skr1.38 Billion ≈ $148.76 Million |
-30.28% |
| 2022-12-31 | Skr1.98 Billion ≈ $213.37 Million |
+10.16% |
| 2021-12-31 | Skr1.80 Billion ≈ $193.70 Million |
+20.85% |
| 2020-12-31 | Skr1.49 Billion ≈ $160.28 Million |
+187.53% |
| 2019-12-31 | Skr518.00 Million ≈ $55.75 Million |
+229.94% |
| 2018-12-31 | Skr157.00 Million ≈ $16.90 Million |
+57.63% |
| 2017-12-31 | Skr99.60 Million ≈ $10.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thunderful Group 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr4.10 Million | 3.08% |
| Other Components | Skr129.10 Million | 96.92% |
| Total Equity | Skr133.20 Million | 100.00% |
Thunderful Group AB Competitors by Market Cap
The table below lists competitors of Thunderful Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scandinavian Medical Solutions AS
CO:SMSMED
|
$12.95 Million |
|
Vesuvius PLC
LSE:VSVS
|
$12.96 Million |
|
AUGA GROUP AB EO 029
F:W9Z
|
$12.96 Million |
|
Bd Multimedia
PA:ALBDM
|
$12.97 Million |
|
Lipocine Inc
NASDAQ:LPCN
|
$12.94 Million |
|
Breedon Group PLC
LSE:BREE
|
$12.93 Million |
|
Flour Mills Kepenos S.A.
AT:KEPEN
|
$12.93 Million |
|
Cadrenal Therapeutics, Inc. Common Stock
NASDAQ:CVKD
|
$12.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thunderful Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 578,000,000 to 133,199,999, a change of -444,800,001 (-77.0%).
- Net loss of 442,300,000 reduced equity.
- Other comprehensive income increased equity by 697,500,000.
- Other factors decreased equity by 700,000,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-442.30 Million | -332.06% |
| Other Comprehensive Income | Skr697.50 Million | +523.65% |
| Other Changes | Skr-700.00 Million | -525.53% |
| Total Change | Skr- | -76.96% |
Book Value vs Market Value Analysis
This analysis compares Thunderful Group 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: 0.25x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Skr1.86 | Skr0.30 | x |
| 2018-12-31 | Skr2.93 | Skr0.30 | x |
| 2019-12-31 | Skr7.50 | Skr0.30 | x |
| 2020-12-31 | Skr28.60 | Skr0.30 | x |
| 2021-12-31 | Skr25.96 | Skr0.30 | x |
| 2022-12-31 | Skr28.22 | Skr0.30 | x |
| 2023-12-31 | Skr19.67 | Skr0.30 | x |
| 2024-12-31 | Skr8.22 | Skr0.30 | x |
| 2025-12-31 | Skr1.17 | Skr0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thunderful Group 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): -332.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -170.57%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.30x
- Recent ROE (-332.06%) is below the historical average (-30.55%), 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 | 115.16% | 7.21% | 2.13x | 7.51x | Skr104.74 Million |
| 2018 | 84.52% | 7.00% | 1.80x | 6.72x | Skr117.00 Million |
| 2019 | 32.39% | 8.08% | 1.44x | 2.78x | Skr116.00 Million |
| 2020 | 9.23% | 4.51% | 1.24x | 1.65x | Skr-11.54 Million |
| 2021 | 7.34% | 4.21% | 0.87x | 2.01x | Skr-47.79 Million |
| 2022 | 6.11% | 4.00% | 0.83x | 1.85x | Skr-77.07 Million |
| 2023 | -44.09% | -21.62% | 0.88x | 2.31x | Skr-747.63 Million |
| 2024 | -153.55% | -303.11% | 0.38x | 1.34x | Skr-945.30 Million |
| 2025 | -332.06% | -170.57% | 0.85x | 2.30x | Skr-455.62 Million |
Industry Comparison
This section compares Thunderful Group AB's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,937,623,795
- Average return on equity (ROE) among peers: -272.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thunderful Group AB (THUNDR) | Skr133.20 Million | 115.16% | 1.30x | $12.95 Million |
| Enad Global 7 AB (EG7) | $2.64 Million | 16.53% | 1.35x | $159.05 Million |
| Embracer Group AB (publ) (EMBRAC-B) | $27.17 Billion | 1.06% | 0.24x | $1.45 Billion |
| Flexion Mobile PLC (FLEXM) | $2.21 Million | -28.92% | 0.41x | $17.69 Million |
| Fragbite Group AB (FRAG) | $80.89 Million | -159.45% | 1.39x | $5.56 Million |
| Fsport AB (FSPORT) | $3.21 Million | -697.11% | 2.97x | $1.78 Million |
| G5 Entertainment publ AB (G5EN) | $104.36 Million | 6.53% | 0.41x | $47.35 Million |
| GiG Software PLC (GIG-SDB) | $20.92 Million | -309.23% | 5.46x | $35.93 Million |
| LL Lucky Games publ AB (LADYLU) | $1.34 Million | -1593.62% | 14.94x | $18.02 Million |
| MAG Interactive AB (publ) (MAGI) | $94.06 Million | 41.50% | 0.35x | $22.52 Million |
| Modern Times Group Mtg AB (MTG-A) | $1.90 Billion | -3.50% | 2.25x | $5.19 Million |
About Thunderful Group AB
Thunderful Group AB invests, develops, and publishes digital games primarily for PC and console platforms in Sweden. It operates through two segments: Publishing and Co-Development and Services. It also develops game on behalf of external license and IP owners; and provides consultative publishing support services. Thunderful Group AB was founded in 1965 and is headquartered in Gothenburg, Sweden.