Troax Group AB (TROAX) - Net Assets

Latest as of March 2026: Skr178.90 Million SEK ≈ $19.25 Million USD

Based on the latest financial reports, Troax Group AB (TROAX) has net assets worth Skr178.90 Million SEK (≈ $19.25 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr429.40 Million ≈ $46.21 Million USD) and total liabilities (Skr250.50 Million ≈ $26.96 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 Troax Group AB tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr178.90 Million
% of Total Assets	41.66%
Annual Growth Rate	23.31%
5-Year Change	24.01%
10-Year Change	168.33%
Growth Volatility	44.03

Troax Group AB - Net Assets Trend (2011–2025)

This chart illustrates how Troax Group AB's net assets have evolved over time, based on quarterly financial data. See Troax Group AB liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Troax Group AB (2011–2025)

The table below shows the annual net assets of Troax Group AB from 2011 to 2025. For live valuation and market cap data, see Troax Group AB market capitalisation.

Year	Net Assets	Change
2025-12-31	Skr176.78 Million ≈ $19.02 Million	-1.82%
2024-12-31	Skr180.06 Million ≈ $19.38 Million	+4.51%
2023-12-31	Skr172.28 Million ≈ $18.54 Million	+11.24%
2022-12-31	Skr154.88 Million ≈ $16.67 Million	+8.64%
2021-12-31	Skr142.56 Million ≈ $15.34 Million	+25.02%
2020-12-31	Skr114.03 Million ≈ $12.27 Million	+19.13%
2019-12-31	Skr95.72 Million ≈ $10.30 Million	+15.91%
2018-12-31	Skr82.59 Million ≈ $8.89 Million	+19.40%
2017-12-31	Skr69.17 Million ≈ $7.44 Million	+4.98%
2016-12-31	Skr65.88 Million ≈ $7.09 Million	+9.83%
2015-12-31	Skr59.99 Million ≈ $6.46 Million	+38.98%
2014-12-31	Skr43.16 Million ≈ $4.64 Million	-5.89%
2013-12-31	Skr45.86 Million ≈ $4.94 Million	+168.43%
2012-12-31	Skr17.09 Million ≈ $1.84 Million	+81.77%
2011-12-31	Skr9.40 Million ≈ $1.01 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Troax 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 grown by 1665.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Skr164.00 Million	92.77%
Common Stock	Skr2.57 Million	1.45%
Other Comprehensive Income	Skr-17.88 Million	-10.12%
Other Components	Skr28.11 Million	15.90%
Total Equity	Skr176.78 Million	100.00%

Troax Group AB Competitors by Market Cap

The table below lists competitors of Troax Group AB ranked by their market capitalization.

Company	Market Cap
CK Power Public Company Limited BK:CKP-R	$689.15 Million
Vercom SA WAR:VRC	$689.17 Million
YIT Oyj HE:YIT	$689.17 Million
RaySearch Laboratories AB (publ) ST:RAY-B	$689.42 Million
EZTEC Empreendimentos e Participações S.A SA:EZTC3	$688.99 Million
Western Asset Diversified Income Fund NYSE:WDI	$688.87 Million
Kinepolis Group NV BR:KIN	$688.78 Million
Greenfire Resources Ltd. NYSE:GFR	$688.61 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Troax Group AB's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 180,100,000 to 176,782,450, a change of -3,317,550 (-1.8%).
Net income of 13,753,101 contributed positively to equity growth.
Dividend payments of 20,347,000 reduced retained earnings.
Share repurchases of 115,000 reduced equity.
New share issuances of 115,000 increased equity.
Other comprehensive income increased equity by 4,058,476.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr13.75 Million	+7.78%
Dividends Paid	Skr20.35 Million	-11.51%
Share Repurchases	Skr115.00K	-0.07%
Share Issuances	Skr115.00K	+0.07%
Other Comprehensive Income	Skr4.06 Million	+2.3%
Other Changes	Skr-782.13K	-0.44%
Total Change	Skr-	-1.84%

Book Value vs Market Value Analysis

This analysis compares Troax 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: 36.32x
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 decreased from 683.02x to 36.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	Skr0.16	Skr107.00	x
2012-12-31	Skr0.28	Skr107.00	x
2013-12-31	Skr0.76	Skr107.00	x
2014-12-31	Skr0.72	Skr107.00	x
2015-12-31	Skr1.06	Skr107.00	x
2016-12-31	Skr1.10	Skr107.00	x
2017-12-31	Skr1.15	Skr107.00	x
2018-12-31	Skr1.38	Skr107.00	x
2019-12-31	Skr1.60	Skr107.00	x
2020-12-31	Skr1.90	Skr107.00	x
2021-12-31	Skr2.38	Skr107.00	x
2022-12-31	Skr2.58	Skr107.00	x
2023-12-31	Skr2.87	Skr107.00	x
2024-12-31	Skr3.01	Skr107.00	x
2025-12-31	Skr2.95	Skr107.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Troax 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): 7.78%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.14%
• Asset Turnover: 0.67x
• Equity Multiplier: 2.25x
Recent ROE (7.78%) is below the historical average (22.06%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	17.59%	2.69%	1.16x	5.64x	Skr713.55K
2012	43.23%	10.18%	1.40x	3.03x	Skr5.68 Million
2013	4.74%	3.10%	0.60x	2.54x	Skr-2.41 Million
2014	20.17%	9.55%	0.67x	3.16x	Skr4.39 Million
2015	22.84%	13.22%	0.72x	2.40x	Skr7.70 Million
2016	24.74%	14.07%	0.67x	2.62x	Skr9.71 Million
2017	24.63%	11.20%	0.88x	2.49x	Skr10.12 Million
2018	29.52%	15.14%	0.84x	2.32x	Skr16.12 Million
2019	25.44%	14.50%	0.76x	2.30x	Skr14.78 Million
2020	20.38%	14.20%	0.67x	2.15x	Skr11.84 Million
2021	27.90%	15.77%	0.87x	2.04x	Skr25.52 Million
2022	23.76%	12.95%	0.98x	1.88x	Skr21.31 Million
2023	20.73%	13.51%	0.81x	1.90x	Skr18.49 Million
2024	17.38%	11.24%	0.84x	1.83x	Skr13.29 Million
2025	7.78%	5.14%	0.67x	2.25x	Skr-3.93 Million

Industry Comparison

This section compares Troax Group AB's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $124,141,021
Average return on equity (ROE) among peers: -105.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Troax Group AB (TROAX)	Skr178.90 Million	17.59%	1.40x	$689.11 Million
AGES Industri AB (publ) (AGES-B)	$334.63 Million	0.25%	1.59x	$28.77 Million
Cell Impact AB (CI)	$1.68 Million	-482.38%	2.17x	$2.92 Million
Nordic Flanges Group AB (NFGAB)	$79.66 Million	-20.54%	1.02x	$6.22 Million
Precomp Solutions AB Series B (PCOM-B)	$15.04 Million	-25.48%	5.90x	$3.73 Million
ProfilGruppen AB (publ) (PROF-B)	$189.70 Million	2.58%	1.91x	$76.60 Million

About Troax Group AB

ST:TROAX Sweden Metal Fabrication

Market Cap

$689.11 Million

Skr6.40 Billion SEK

Market Cap Rank

#10804 Global

#169 in Sweden

Share Price

Skr107.00

Change (1 day)

+0.56%

52-Week Range

Skr91.90 - Skr158.40

All Time High

Skr2601.71