Troax Group AB (TROAX) - Net Assets

Latest as of December 2025: Skr176.78 Million SEK ≈ $19.02 Million USD

Based on the latest financial reports, Troax Group AB (TROAX) has net assets worth Skr176.78 Million SEK (≈ $19.02 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 (Skr397.71 Million ≈ $42.80 Million USD) and total liabilities (Skr220.93 Million ≈ $23.78 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 (TROAX) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr176.78 Million
% of Total Assets	44.45%
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. Also explore Troax Group AB asset portfolio for the complete picture of this company's asset base.

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 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
Other Components	Skr176.78 Million	100.00%
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
Guangdong Biolight Meditech Co Ltd SHE:300246	$685.28 Million
Charter Hall Social Infrastructure REIT AU:CQE	$685.34 Million
Placoplatre SA PA:MLPLC	$685.48 Million
Spearhead Integrated Marketing SHE:300071	$685.49 Million
Jiangsu Kuangshun Photosensitivity New-Material Stock Co Ltd SHE:300537	$684.80 Million
Thai Vegetable Oil Public Company Limited BK:TVO	$684.78 Million
PetroVietnam Fertilizer and Chemicals Corp VN:DPM	$684.57 Million
Sichuan Tianyi Comheart Telecom Co Ltd Class A SHE:300504	$684.52 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.
Other comprehensive income increased equity by 21,943,000.
Other factors decreased equity by 39,013,651.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr13.75 Million	+7.78%
Other Comprehensive Income	Skr21.94 Million	+12.41%
Other Changes	Skr-39.01 Million	-22.07%
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: 36.11x
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 679.19x to 36.11x 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	Skr106.40	x
2012-12-31	Skr0.28	Skr106.40	x
2013-12-31	Skr0.76	Skr106.40	x
2014-12-31	Skr0.72	Skr106.40	x
2015-12-31	Skr1.06	Skr106.40	x
2016-12-31	Skr1.10	Skr106.40	x
2017-12-31	Skr1.15	Skr106.40	x
2018-12-31	Skr1.38	Skr106.40	x
2019-12-31	Skr1.60	Skr106.40	x
2020-12-31	Skr1.90	Skr106.40	x
2021-12-31	Skr2.38	Skr106.40	x
2022-12-31	Skr2.58	Skr106.40	x
2023-12-31	Skr2.87	Skr106.40	x
2024-12-31	Skr3.01	Skr106.40	x
2025-12-31	Skr2.95	Skr106.40	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: $154,821,071
Average return on equity (ROE) among peers: -109.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Troax Group AB (TROAX)	Skr176.78 Million	17.59%	1.25x	$685.25 Million
AGES Industri AB (publ) (AGES-B)	$373.25 Million	15.83%	1.24x	$28.54 Million
Cell Impact AB (CI)	$41.38 Million	-20.74%	0.27x	$7.75 Million
Nordic Flanges Group AB (NFGAB)	$29.45 Million	-40.85%	3.44x	$5.73 Million
Precomp Solutions AB Series B (PCOM-B)	$5.43 Million	-523.96%	17.32x	$2.28 Million
ProfilGruppen AB (publ) (PROF-B)	$324.60 Million	22.49%	1.29x	$75.96 Million

About Troax Group AB

ST:TROAX Sweden Metal Fabrication

Market Cap

$685.25 Million

Skr6.37 Billion SEK

Market Cap Rank

#10954 Global

#172 in Sweden

Share Price

Skr106.40

Change (1 day)

-0.56%

52-Week Range

Skr91.90 - Skr163.60

All Time High

Skr2601.71