Space Hellas SA Net Assets
Space Hellas SA net assets. Based on the latest financial reports, Space Hellas SA (SPACE) has net assets worth €30.88 Million EUR (≈ $36.10 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€189.24 Million ≈ $221.24 Million USD) and total liabilities (€158.35 Million ≈ $185.13 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. Also explore net asset growth rate of Space Hellas SA to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €30.88 Million |
| % of Total Assets | 16.32% |
| Annual Growth Rate | 8.52% |
| 5-Year Change | 70.83% |
| 10-Year Change | 138.27% |
| Growth Volatility | 9.62 |
Net Assets of Space Hellas SA (2014–2024)
Net assets of Space Hellas SA from 2014 to 2024. This chart illustrates how Space Hellas SA's net assets have evolved over time, based on quarterly financial data. See Space Hellas SA net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Space Hellas SA (2014–2024)
The table below shows the annual net assets of Space Hellas SA from 2014 to 2024. For live market cap and overall valuation, see Space Hellas SA (SPACE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €30.88 Million ≈ $36.10 Million |
+7.85% |
| 2023-12-31 | €28.64 Million ≈ $33.48 Million |
+5.93% |
| 2022-12-31 | €27.03 Million ≈ $31.60 Million |
+10.90% |
| 2021-12-31 | €24.38 Million ≈ $28.50 Million |
+34.84% |
| 2020-12-31 | €18.08 Million ≈ $21.14 Million |
+10.30% |
| 2019-12-31 | €16.39 Million ≈ $19.16 Million |
+8.26% |
| 2018-12-31 | €15.14 Million ≈ $17.70 Million |
+3.20% |
| 2017-12-31 | €14.67 Million ≈ $17.15 Million |
+6.40% |
| 2016-12-31 | €13.79 Million ≈ $16.12 Million |
+6.37% |
| 2015-12-31 | €12.96 Million ≈ $15.15 Million |
-4.94% |
| 2014-12-31 | €13.63 Million ≈ $15.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Space Hellas SA'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 1773100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Space Hellas SA Net Assets Breakdown (December 2024)
Space Hellas SA net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €16.06 Million | 52.03% |
| Other Components | €14.81 Million | 47.97% |
| Total Equity | €30.87 Million | 100.00% |
Space Hellas SA Competitors by Market Cap
The table below lists competitors of Space Hellas SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kutcho Copper Corp
V:KC
|
$46.76 Million |
|
TPBI PCL
BK:TPBI
|
$46.78 Million |
|
Live Verdure Ltd
AU:LV1
|
$46.79 Million |
|
Qliro AB
ST:QLIRO
|
$46.80 Million |
|
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS
IS:PNLSN
|
$46.73 Million |
|
NIGHTINGALE HEALTH EO 1
F:7XE
|
$46.72 Million |
|
Asahi Songwon Colors Limited
NSE:ASAHISONG
|
$46.71 Million |
|
ImageneBio, Inc.
NASDAQ:IMA
|
$46.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Space Hellas SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,626,000 to 30,874,000, a change of 2,248,000 (7.9%).
- Net income of 1,849,000 contributed positively to equity growth.
- Dividend payments of 1,033,000 reduced retained earnings.
- Other factors increased equity by 1,432,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.85 Million | +5.99% |
| Dividends Paid | €1.03 Million | -3.35% |
| Other Changes | €1.43 Million | +4.64% |
| Total Change | €- | 7.85% |
Book Value vs Market Value Analysis
This analysis compares Space Hellas SA'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: 1.43x
- 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 2.91x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €2.34 | €6.82 | x |
| 2019-12-31 | €2.54 | €6.82 | x |
| 2020-12-31 | €2.80 | €6.82 | x |
| 2021-12-31 | €3.27 | €6.82 | x |
| 2022-12-31 | €4.19 | €6.82 | x |
| 2023-12-31 | €4.43 | €6.82 | x |
| 2024-12-31 | €4.78 | €6.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Space Hellas SA 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): 5.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.19%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 6.13x
- Recent ROE (5.99%) is below the historical average (10.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.62% | 1.77% | 0.95x | 3.34x | €-596.30K |
| 2015 | 6.38% | 1.51% | 1.29x | 3.29x | €-468.90K |
| 2016 | 6.53% | 1.87% | 1.04x | 3.36x | €-478.50K |
| 2017 | 7.59% | 1.87% | 1.18x | 3.46x | €-352.80K |
| 2018 | 8.05% | 1.84% | 1.13x | 3.85x | €-295.70K |
| 2019 | 9.25% | 2.10% | 1.04x | 4.22x | €-122.90K |
| 2020 | 9.74% | 2.18% | 0.81x | 5.52x | €-47.70K |
| 2021 | 18.24% | 3.72% | 0.71x | 6.88x | €1.74 Million |
| 2022 | 17.33% | 3.64% | 0.73x | 6.48x | €1.98 Million |
| 2023 | 16.72% | 3.23% | 0.84x | 6.14x | €1.92 Million |
| 2024 | 5.99% | 1.19% | 0.82x | 6.13x | €-1.24 Million |
Industry Comparison
This section compares Space Hellas SA's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $7,880,412
- Average return on equity (ROE) among peers: -3.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Space Hellas SA (SPACE) | €30.88 Million | 5.62% | 5.13x | $46.75 Million |
| Ilyda SA (ILYDA) | $4.13 Million | 6.23% | 1.26x | $62.65 Million |
| Logismos Information Systems S.A (LOGISMOS) | $5.94 Million | -3.48% | 0.41x | $10.05 Million |
| Profile Systems & Software SA (PROF) | $18.58 Million | 6.79% | 0.93x | $182.51 Million |
| Quality & Reliability A.B.E.E (QUAL) | $2.87 Million | -23.27% | 1.61x | $42.31 Million |
About Space Hellas SA
Space Hellas S.A., a system integrator and value-added solutions provider, designs, supplies, implements, and supports information and communication technologies (ICT) and security solutions in Greece and internationally. The company operates through three segments: Technology Solutions and Services, Integration Projects, and Mobile Telecommunications. It focuses on the design and implementation … Read more