Upgrade Invest Nordic AB (UPGRAD) - Net Assets
Based on the latest financial reports, Upgrade Invest Nordic AB (UPGRAD) has net assets worth Skr5.06 Million SEK (≈ $544.97K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr5.11 Million ≈ $549.49K USD) and total liabilities (Skr42.00K ≈ $4.52K 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. See Upgrade Invest Nordic AB (UPGRAD) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr5.06 Million |
| % of Total Assets | 99.18% |
| Annual Growth Rate | 105.91% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1302.8 |
Upgrade Invest Nordic AB - Net Assets Trend (2021–2025)
This chart illustrates how Upgrade Invest Nordic AB's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Upgrade Invest Nordic AB stock valuation.
Annual Net Assets for Upgrade Invest Nordic AB (2021–2025)
The table below shows the annual net assets of Upgrade Invest Nordic AB from 2021 to 2025. Also explore UPGRAD net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | Skr5.25 Million ≈ $565.51K |
-13.12% |
| 2024-09-30 | Skr6.05 Million ≈ $650.92K |
-25.61% |
| 2023-09-30 | Skr8.13 Million ≈ $875.03K |
-10.05% |
| 2022-09-30 | Skr9.04 Million ≈ $972.74K |
+2992.40% |
| 2021-09-30 | Skr292.30K ≈ $31.46K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Upgrade Invest Nordic 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 473602100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr4.52 Million | 86.02% |
| Other Components | Skr734.40K | 13.98% |
| Total Equity | Skr5.25 Million | 100.00% |
Upgrade Invest Nordic AB Competitors by Market Cap
The table below lists competitors of Upgrade Invest Nordic AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ovoca Gold PLC
IR:OVXA
|
$856.42K |
|
Hansard Global Plc
LSE:HSD
|
$859.75K |
|
Accelerate Diagnostics Inc
NASDAQ:AXDX
|
$859.92K |
|
Hardide PLC
LSE:HDD
|
$863.03K |
|
GeoVax Labs Inc
NASDAQ:GOVX
|
$851.63K |
|
Colefax Group
LSE:CFX
|
$848.47K |
|
Magnum Goldcorp Inc
V:MGI
|
$847.35K |
|
Yimutian Inc. American Depositary Shares
NASDAQ:YMT
|
$847.27K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Upgrade Invest Nordic AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,048,575 to 5,254,897, a change of -793,678 (-13.1%).
- Net loss of 793,678 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-793.68K | -15.1% |
| Total Change | Skr- | -13.12% |
Book Value vs Market Value Analysis
This analysis compares Upgrade Invest Nordic 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: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 27.22x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | Skr0.14 | Skr3.90 | x |
| 2022-09-30 | Skr4.43 | Skr3.90 | x |
| 2023-09-30 | Skr3.99 | Skr3.90 | x |
| 2024-09-30 | Skr2.96 | Skr3.90 | x |
| 2025-09-30 | Skr2.58 | Skr3.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Upgrade Invest Nordic 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): -15.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-15.10%) is below the historical average (-10.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 6.18% | 8.60% | 0.65x | 1.10x | Skr-11.16K |
| 2022 | -14.70% | 0.00% | 0.00x | 1.06x | Skr-2.23 Million |
| 2023 | -10.98% | 0.00% | 0.00x | 1.01x | Skr-1.71 Million |
| 2024 | -17.89% | -541.04% | 0.03x | 1.09x | Skr-1.69 Million |
| 2025 | -15.10% | 0.00% | 0.00x | 1.01x | Skr-1.32 Million |
Industry Comparison
This section compares Upgrade Invest Nordic AB's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,591,981,778
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Upgrade Invest Nordic AB (UPGRAD) | Skr5.06 Million | 6.18% | 0.01x | $856.19K |
| Athanase Innovation AB (ATIN) | $276.69 Million | 2.56% | 1.57x | $52.76 Million |
| Bure Equity AB (BURE) | $6.06 Billion | 48.48% | 0.04x | $2.47 Billion |
| Case Group AB (CASE) | $63.27 Million | -4.73% | 1.03x | $72.04 Million |
| Catella AB A (CAT-A) | $562.00 Million | 1.78% | 0.14x | $4.56 Million |
| Catella AB (publ) (CAT-B) | $567.00 Million | -32.10% | 3.92x | $168.64 Million |
| Creades AB (CRED-A) | $7.95 Billion | 45.87% | 0.05x | $923.29 Million |
| Effnetplattformen Holding AB (EFFH) | $21.43 Million | -27.81% | 0.17x | $9.70 Million |
| EQT AB (publ) (EQT) | $114.00 Million | 66.84% | 1.51x | $38.22 Billion |
| First Venture Sweden AB Series B (FIRST-B) | $289.72 Million | -8.57% | 0.23x | $5.18 Million |
| Flat Capital AB Series B (FLAT-B) | $10.21 Million | 9.60% | 0.00x | $329.98 Million |
About Upgrade Invest Nordic AB
Upgrade Invest Nordic AB (publ) operates as an investment company. The company was incorporated in 2018 and is based in Stockholm, Sweden.