VBG Group AB (publ) (VBG-B) - Net Assets
Based on the latest financial reports, VBG Group AB (publ) (VBG-B) has net assets worth Skr4.10 Billion SEK (≈ $441.20 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr7.66 Billion ≈ $824.35 Million USD) and total liabilities (Skr3.56 Billion ≈ $383.15 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 VBG-B PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr4.10 Billion |
| % of Total Assets | 53.52% |
| Annual Growth Rate | 13.23% |
| 5-Year Change | 41.93% |
| 10-Year Change | 286.7% |
| Growth Volatility | 20.9 |
VBG Group AB (publ) - Net Assets Trend (2005–2025)
This chart illustrates how VBG Group AB (publ)'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VBG-B market cap.
Annual Net Assets for VBG Group AB (publ) (2005–2025)
The table below shows the annual net assets of VBG Group AB (publ) from 2005 to 2025. Also explore net asset momentum of VBG Group AB (publ) to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr3.96 Billion ≈ $426.70 Million |
-1.96% |
| 2024-12-31 | Skr4.04 Billion ≈ $435.21 Million |
+10.34% |
| 2023-12-31 | Skr3.67 Billion ≈ $394.44 Million |
+11.46% |
| 2022-12-31 | Skr3.29 Billion ≈ $353.87 Million |
+17.71% |
| 2021-12-31 | Skr2.79 Billion ≈ $300.63 Million |
+11.73% |
| 2020-12-31 | Skr2.50 Billion ≈ $269.06 Million |
+2.99% |
| 2019-12-31 | Skr2.43 Billion ≈ $261.26 Million |
+9.04% |
| 2018-12-31 | Skr2.23 Billion ≈ $239.60 Million |
+11.05% |
| 2017-12-31 | Skr2.00 Billion ≈ $215.75 Million |
+95.53% |
| 2016-12-31 | Skr1.03 Billion ≈ $110.34 Million |
+17.65% |
| 2015-12-31 | Skr871.51 Million ≈ $93.79 Million |
+6.59% |
| 2014-12-31 | Skr817.67 Million ≈ $87.99 Million |
+10.86% |
| 2013-12-31 | Skr737.55 Million ≈ $79.37 Million |
+12.54% |
| 2012-12-31 | Skr655.36 Million ≈ $70.53 Million |
+2.95% |
| 2011-12-31 | Skr636.58 Million ≈ $68.51 Million |
+12.60% |
| 2010-12-31 | Skr565.33 Million ≈ $60.84 Million |
-4.99% |
| 2009-12-31 | Skr595.02 Million ≈ $64.03 Million |
-10.49% |
| 2008-12-31 | Skr664.72 Million ≈ $71.53 Million |
+24.74% |
| 2007-12-31 | Skr532.87 Million ≈ $57.35 Million |
+30.99% |
| 2006-12-31 | Skr406.79 Million ≈ $43.78 Million |
+23.07% |
| 2005-12-31 | Skr330.54 Million ≈ $35.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VBG Group AB (publ)'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 1096.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr3.14 Billion | 79.14% |
| Common Stock | Skr65.50 Million | 1.65% |
| Other Comprehensive Income | Skr-19.63 Million | -0.50% |
| Other Components | Skr781.43 Million | 19.71% |
| Total Equity | Skr3.97 Billion | 100.00% |
VBG Group AB (publ) Competitors by Market Cap
The table below lists competitors of VBG Group AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ORIENT SECUR.CO.LTD.H YC1
F:OS9
|
$744.53 Million |
|
New Mountain Finance Corporation
NASDAQ:NMFC
|
$744.78 Million |
|
Ethos Limited
NSE:ETHOSLTD
|
$744.88 Million |
|
MidCap Financial Investment Corporation
NASDAQ:MFIC
|
$745.06 Million |
|
Changzhou Tenglong Auto Parts
SHG:603158
|
$744.00 Million |
|
Vishay Precision Group Inc
NYSE:VPG
|
$743.81 Million |
|
Zhejiang Kaier New Materials
SHE:300234
|
$743.66 Million |
|
New Huadu Supercenter Co Ltd
SHE:002264
|
$743.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VBG Group AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,032,286,000 to 3,965,100,000, a change of -67,186,000 (-1.7%).
- Net income of 422,100,000 contributed positively to equity growth.
- Dividend payments of 181,300,000 reduced retained earnings.
- Other comprehensive income decreased equity by 326,428,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr422.10 Million | +10.65% |
| Dividends Paid | Skr181.30 Million | -4.57% |
| Other Comprehensive Income | Skr-326.43 Million | -8.23% |
| Other Changes | Skr18.44 Million | +0.47% |
| Total Change | Skr- | -1.67% |
Book Value vs Market Value Analysis
This analysis compares VBG Group AB (publ)'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: 1.93x
- 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 16.73x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Skr18.32 | Skr306.50 | x |
| 2006-12-31 | Skr22.54 | Skr306.50 | x |
| 2007-12-31 | Skr29.53 | Skr306.50 | x |
| 2008-12-31 | Skr36.83 | Skr306.50 | x |
| 2009-12-31 | Skr32.97 | Skr306.50 | x |
| 2010-12-31 | Skr31.33 | Skr306.50 | x |
| 2011-12-31 | Skr35.27 | Skr306.50 | x |
| 2012-12-31 | Skr36.32 | Skr306.50 | x |
| 2013-12-31 | Skr40.87 | Skr306.50 | x |
| 2014-12-31 | Skr45.31 | Skr306.50 | x |
| 2015-12-31 | Skr48.29 | Skr306.50 | x |
| 2016-12-31 | Skr56.82 | Skr306.50 | x |
| 2017-12-31 | Skr87.47 | Skr306.50 | x |
| 2018-12-31 | Skr89.04 | Skr306.50 | x |
| 2019-12-31 | Skr97.09 | Skr306.50 | x |
| 2020-12-31 | Skr99.99 | Skr306.50 | x |
| 2021-12-31 | Skr111.72 | Skr306.50 | x |
| 2022-12-31 | Skr131.51 | Skr306.50 | x |
| 2023-12-31 | Skr146.94 | Skr306.50 | x |
| 2024-12-31 | Skr161.27 | Skr306.50 | x |
| 2025-12-31 | Skr158.57 | Skr306.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VBG Group AB (publ) 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): 10.65%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.83%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.78x
- Recent ROE (10.65%) is below the historical average (13.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 20.31% | 8.62% | 0.91x | 2.58x | Skr34.08 Million |
| 2006 | 27.50% | 9.62% | 1.37x | 2.09x | Skr71.20 Million |
| 2007 | 24.97% | 10.06% | 1.40x | 1.78x | Skr79.79 Million |
| 2008 | 11.00% | 5.31% | 1.16x | 1.79x | Skr6.66 Million |
| 2009 | 3.56% | 2.55% | 0.76x | 1.84x | Skr-38.33 Million |
| 2010 | 9.85% | 5.45% | 1.05x | 1.72x | Skr-829.20K |
| 2011 | 14.85% | 8.00% | 1.20x | 1.55x | Skr30.85 Million |
| 2012 | 10.58% | 6.28% | 1.08x | 1.56x | Skr3.83 Million |
| 2013 | 15.25% | 9.60% | 1.09x | 1.45x | Skr38.72 Million |
| 2014 | 9.65% | 6.65% | 0.98x | 1.48x | Skr-2.88 Million |
| 2015 | 10.96% | 7.26% | 1.04x | 1.44x | Skr8.38 Million |
| 2016 | 11.78% | 7.82% | 0.45x | 3.38x | Skr18.22 Million |
| 2017 | 11.00% | 7.34% | 0.82x | 1.83x | Skr20.01 Million |
| 2018 | 12.26% | 7.82% | 0.89x | 1.76x | Skr50.35 Million |
| 2019 | 12.34% | 8.04% | 0.89x | 1.73x | Skr56.77 Million |
| 2020 | 9.07% | 7.20% | 0.74x | 1.70x | Skr-23.30 Million |
| 2021 | 12.07% | 9.34% | 0.77x | 1.67x | Skr57.75 Million |
| 2022 | 11.20% | 8.04% | 0.85x | 1.65x | Skr39.45 Million |
| 2023 | 15.48% | 9.91% | 0.96x | 1.62x | Skr201.19 Million |
| 2024 | 14.59% | 10.54% | 0.87x | 1.60x | Skr184.94 Million |
| 2025 | 10.65% | 7.83% | 0.76x | 1.78x | Skr25.59 Million |
Industry Comparison
This section compares VBG Group AB (publ)'s net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,629,723,000
- Average return on equity (ROE) among peers: 2.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VBG Group AB (publ) (VBG-B) | Skr4.10 Billion | 20.31% | 0.87x | $744.26 Million |
| Autoliv Inc (ALIV-SDB) | $3.44 Billion | 13.59% | 1.16x | $9.21 Billion |
| Bulten AB (BULTEN) | $1.52 Billion | 3.63% | 1.02x | $151.33 Million |
| Mekonomen AB (MEKO) | $840.79 Million | 0.00% | 0.80x | $428.30 Million |
| Pierce Group AB (PIERCE) | $719.00 Million | -8.07% | 0.51x | $74.06 Million |
About VBG Group AB (publ)
VBG Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, North America, Brazil, Australia, New Zealand, China, and internationally. It operates in three segments: Truck & Trailer Equipment, Mobile Thermal Solutions, and Ringfeder Power Transmission. The Truck & Trailer E… Read more