Vef AB (VEFAB) - Net Assets

Latest as of December 2025: Skr433.82 Million SEK ≈ $46.69 Million USD

Based on the latest financial reports, Vef AB (VEFAB) has net assets worth Skr433.82 Million SEK (≈ $46.69 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 (Skr463.69 Million ≈ $49.90 Million USD) and total liabilities (Skr29.87 Million ≈ $3.21 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 Vef AB liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr433.82 Million
% of Total Assets	93.56%
Annual Growth Rate	16.33%
5-Year Change	-43.05%
10-Year Change	200.58%
Growth Volatility	38.89

Vef AB - Net Assets Trend (2015–2025)

This chart illustrates how Vef AB's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Vef AB for the complete picture of this company's asset base.

Annual Net Assets for Vef AB (2015–2025)

The table below shows the annual net assets of Vef AB from 2015 to 2025. For live valuation and market cap data, see VEFAB market cap.

Year	Net Assets	Change
2025-12-31	Skr433.82 Million ≈ $46.69 Million	+22.91%
2024-12-31	Skr352.96 Million ≈ $37.98 Million	-20.19%
2023-12-31	Skr442.23 Million ≈ $47.59 Million	+15.82%
2022-12-31	Skr381.83 Million ≈ $41.09 Million	-49.87%
2021-12-31	Skr761.73 Million ≈ $81.97 Million	+96.29%
2020-12-31	Skr388.07 Million ≈ $41.76 Million	+55.58%
2019-12-31	Skr249.44 Million ≈ $26.84 Million	+23.84%
2018-12-31	Skr201.42 Million ≈ $21.68 Million	+1.44%
2017-12-31	Skr198.56 Million ≈ $21.37 Million	+37.58%
2016-12-31	Skr144.33 Million ≈ $15.53 Million	+51.05%
2015-12-31	Skr95.55 Million ≈ $10.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Vef 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 32305.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Skr341.23 Million	78.66%
Common Stock	Skr1.35 Million	0.31%
Other Components	Skr91.23 Million	21.03%
Total Equity	Skr433.82 Million	100.00%

Vef AB Competitors by Market Cap

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

Company	Market Cap
Medical Facilities Corporation TO:DR	$218.65 Million
TMC Life Sciences Bhd KLSE:0101	$218.66 Million
Ziprecruiter Inc NYSE:ZIP	$218.71 Million
Nitco Limited NSE:NITCO	$218.72 Million
Hexindo Adiperkasa Tbk JK:HEXA	$218.54 Million
Holiday Entertainment Co Ltd TW:9943	$218.47 Million
ALTEO ENERG.NYIL M.UF125 F:54O	$218.46 Million
Thanulux Public Company Limited BK:TNL	$218.38 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 352,961,000 to 433,820,000, a change of 80,859,000 (22.9%).
Net income of 85,445,000 contributed positively to equity growth.
Share repurchases of 5,204,000 reduced equity.
New share issuances of 12,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr85.44 Million	+19.7%
Share Repurchases	Skr5.20 Million	-1.2%
Share Issuances	Skr12.00K	+0.0%
Other Changes	Skr606.00K	+0.14%
Total Change	Skr-	22.91%

Book Value vs Market Value Analysis

This analysis compares Vef 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: 4.51x
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 increased from 3.85x to 4.51x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	Skr0.49	Skr1.90	x
2016-12-31	Skr0.22	Skr1.90	x
2017-12-31	Skr0.30	Skr1.90	x
2018-12-31	Skr0.30	Skr1.90	x
2019-12-31	Skr0.38	Skr1.90	x
2020-12-31	Skr0.47	Skr1.90	x
2021-12-31	Skr0.84	Skr1.90	x
2022-12-31	Skr0.37	Skr1.90	x
2023-12-31	Skr0.42	Skr1.90	x
2024-12-31	Skr0.34	Skr1.90	x
2025-12-31	Skr0.42	Skr1.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vef 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): 19.70%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21686.55%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.07x
Recent ROE (19.70%) is above the historical average (4.47%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	1.89%	138.92%	0.01x	1.02x	Skr-7.75 Million
2016	33.71%	95.08%	0.35x	1.01x	Skr34.22 Million
2017	26.77%	93.52%	0.29x	1.00x	Skr33.30 Million
2018	1.71%	37.39%	0.05x	1.01x	Skr-16.69 Million
2019	19.46%	89.95%	0.22x	1.01x	Skr23.59 Million
2020	20.47%	19474.02%	0.00x	1.00x	Skr40.65 Million
2021	36.17%	0.00%	-0.04x	1.00x	Skr199.34 Million
2022	-98.83%	-87554.29%	0.00x	1.13x	Skr-415.54 Million
2023	13.58%	80.17%	0.16x	1.09x	Skr15.84 Million
2024	-25.46%	0.00%	0.00x	1.11x	Skr-125.16 Million
2025	19.70%	21686.55%	0.00x	1.07x	Skr42.06 Million

Industry Comparison

This section compares Vef AB's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $1,877,651,554
Average return on equity (ROE) among peers: 7.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vef AB (VEFAB)	Skr433.82 Million	1.89%	0.07x	$218.58 Million
Athanase Innovation AB (ATIN)	$276.69 Million	2.56%	1.57x	$37.61 Million
Bure Equity AB (BURE)	$2.32 Billion	-2.53%	0.13x	$2.13 Billion
Case Group AB (CASE)	$66.36 Million	50.67%	0.30x	$84.16 Million
Catella AB A (CAT-A)	$958.00 Million	-3.44%	3.09x	$5.29 Million
Catella AB (publ) (CAT-B)	$980.00 Million	2.14%	2.99x	$197.61 Million
Creades AB (CRED-A)	$7.95 Billion	45.87%	0.05x	$711.38 Million
Effnetplattformen Holding AB (EFFH)	$32.81 Million	5.13%	0.11x	$6.51 Million
EQT AB (publ) (EQT)	$6.00 Billion	2.16%	0.53x	$37.38 Billion
First Venture Sweden AB Series B (FIRST-B)	$178.95 Million	-22.94%	0.16x	$5.38 Million
Flat Capital AB Series B (FLAT-B)	$4.60 Million	-2.51%	0.01x	$329.18 Million

About Vef AB

ST:VEFAB Sweden Asset Management

Market Cap

$218.58 Million

Skr2.03 Billion SEK

Market Cap Rank

#16202 Global

#264 in Sweden

Share Price

Skr1.90

Change (1 day)

-1.86%

52-Week Range

Skr1.74 - Skr2.43

All Time High

Skr6.30