cBrain A/S (CBRAIN) - Net Assets

Latest as of June 2025: Dkr300.12 Million DKK ≈ $46.96 Million USD

Based on the latest financial reports, cBrain A/S (CBRAIN) has net assets worth Dkr300.12 Million DKK (≈ $46.96 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr420.95 Million ≈ $65.86 Million USD) and total liabilities (Dkr120.83 Million ≈ $18.90 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 cBrain A/S (CBRAIN) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Dkr300.12 Million
% of Total Assets	71.3%
Annual Growth Rate	28.7%
5-Year Change	172.37%
10-Year Change	348.07%
Growth Volatility	136.77

cBrain A/S - Net Assets Trend (2005–2024)

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

Annual Net Assets for cBrain A/S (2005–2024)

The table below shows the annual net assets of cBrain A/S from 2005 to 2024. For live valuation and market cap data, see cBrain A/S (CBRAIN) total market value.

Year	Net Assets	Change
2024-12-31	Dkr288.52 Million ≈ $45.14 Million	+25.89%
2023-12-31	Dkr229.18 Million ≈ $35.86 Million	+35.21%
2022-12-31	Dkr169.50 Million ≈ $26.52 Million	+25.67%
2021-12-31	Dkr134.88 Million ≈ $21.10 Million	+27.33%
2020-12-31	Dkr105.93 Million ≈ $16.57 Million	+15.28%
2019-12-31	Dkr91.89 Million ≈ $14.38 Million	+7.73%
2018-12-31	Dkr85.30 Million ≈ $13.35 Million	+0.28%
2017-12-31	Dkr85.06 Million ≈ $13.31 Million	+5.82%
2016-12-31	Dkr80.38 Million ≈ $12.58 Million	+24.84%
2015-12-31	Dkr64.39 Million ≈ $10.07 Million	+21.21%
2014-12-31	Dkr53.13 Million ≈ $8.31 Million	+17.55%
2013-12-31	Dkr45.20 Million ≈ $7.07 Million	+12.09%
2012-12-31	Dkr40.32 Million ≈ $6.31 Million	+8.45%
2011-12-31	Dkr37.18 Million ≈ $5.82 Million	+21.84%
2010-12-31	Dkr30.51 Million ≈ $4.77 Million	+7.41%
2009-12-31	Dkr28.41 Million ≈ $4.44 Million	+21.08%
2008-12-31	Dkr23.46 Million ≈ $3.67 Million	+16.06%
2007-12-31	Dkr20.21 Million ≈ $3.16 Million	+16.19%
2006-12-31	Dkr17.40 Million ≈ $2.72 Million	+628.51%
2005-12-31	Dkr2.39 Million ≈ $373.64K	--

Equity Component Analysis

This analysis shows how different components contribute to cBrain A/S'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 16839.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Dkr270.72 Million	93.83%
Common Stock	Dkr5.00 Million	1.73%
Other Components	Dkr12.80 Million	4.44%
Total Equity	Dkr288.52 Million	100.00%

cBrain A/S Competitors by Market Cap

The table below lists competitors of cBrain A/S ranked by their market capitalization.

Company	Market Cap
Horizon Technology Finance NASDAQ:HRZN	$201.74 Million
Soechi Lines Tbk JK:SOCI	$201.85 Million
Hi-Tech Pipes Limited NSE:HITECH	$202.06 Million
Columbus A/S CO:COLUM	$202.08 Million
HealWELL AI Inc. TO:AIDX	$201.58 Million
Southern Cross Media Group Ltd AU:SXL	$201.57 Million
Microvision Inc NASDAQ:MVIS	$201.56 Million
OmniAb Inc. NASDAQ:OABI	$201.54 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in cBrain A/S's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 229,180,000 to 288,517,000, a change of 59,337,000 (25.9%).
Net income of 64,815,000 contributed positively to equity growth.
Dividend payments of 5,478,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Dkr64.81 Million	+22.46%
Dividends Paid	Dkr5.48 Million	-1.9%
Total Change	Dkr-	25.89%

Book Value vs Market Value Analysis

This analysis compares cBrain A/S'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: 4.47x
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 436.00x to 4.47x 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	Dkr0.15	Dkr65.90	x
2006-12-31	Dkr0.87	Dkr65.90	x
2007-12-31	Dkr1.01	Dkr65.90	x
2008-12-31	Dkr1.21	Dkr65.90	x
2009-12-31	Dkr1.46	Dkr65.90	x
2010-12-31	Dkr1.58	Dkr65.90	x
2011-12-31	Dkr1.86	Dkr65.90	x
2012-12-31	Dkr2.02	Dkr65.90	x
2013-12-31	Dkr2.26	Dkr65.90	x
2014-12-31	Dkr2.66	Dkr65.90	x
2015-12-31	Dkr3.22	Dkr65.90	x
2016-12-31	Dkr4.02	Dkr65.90	x
2017-12-31	Dkr4.36	Dkr65.90	x
2018-12-31	Dkr4.37	Dkr65.90	x
2019-12-31	Dkr4.71	Dkr65.90	x
2020-12-31	Dkr5.42	Dkr65.90	x
2021-12-31	Dkr6.84	Dkr65.90	x
2022-12-31	Dkr8.67	Dkr65.90	x
2023-12-31	Dkr11.72	Dkr65.90	x
2024-12-31	Dkr14.75	Dkr65.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently cBrain A/S 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): 22.46%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 24.20%
• Asset Turnover: 0.68x
• Equity Multiplier: 1.36x
Recent ROE (22.46%) is above the historical average (11.08%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	-51.20%	-13.72%	0.99x	3.76x	Dkr-1.46 Million
2006	25.50%	29.90%	0.67x	1.27x	Dkr2.70 Million
2007	-20.61%	-18.27%	0.83x	1.35x	Dkr-6.19 Million
2008	17.99%	15.07%	1.03x	1.16x	Dkr1.87 Million
2009	23.51%	19.75%	1.00x	1.18x	Dkr3.84 Million
2010	7.90%	8.79%	0.75x	1.19x	Dkr-641.23K
2011	18.27%	17.96%	0.84x	1.20x	Dkr3.08 Million
2012	10.43%	10.79%	0.79x	1.22x	Dkr174.75K
2013	12.51%	13.03%	0.78x	1.23x	Dkr1.13 Million
2014	17.06%	16.55%	0.80x	1.29x	Dkr3.75 Million
2015	19.90%	18.66%	0.81x	1.32x	Dkr6.37 Million
2016	10.50%	11.75%	0.73x	1.23x	Dkr399.25K
2017	7.85%	8.29%	0.79x	1.21x	Dkr-1.83 Million
2018	2.92%	2.99%	0.80x	1.23x	Dkr-6.04 Million
2019	8.83%	8.41%	0.80x	1.32x	Dkr-1.08 Million
2020	14.67%	12.93%	0.77x	1.46x	Dkr4.94 Million
2021	22.99%	20.05%	0.72x	1.60x	Dkr17.52 Million
2022	22.64%	20.42%	0.58x	1.90x	Dkr21.43 Million
2023	27.57%	26.41%	0.70x	1.49x	Dkr40.26 Million
2024	22.46%	24.20%	0.68x	1.36x	Dkr35.96 Million

Industry Comparison

This section compares cBrain A/S's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $22,038,323
Average return on equity (ROE) among peers: -773.90%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
cBrain A/S (CBRAIN)	Dkr300.12 Million	-51.20%	0.40x	$201.70 Million
DecideAct A/S (ACT)	$2.92 Million	-23.53%	1.15x	$2.40 Million
Agillic A/S (AGILC)	$-2.13 Million	0.00%	0.00x	$12.39 Million
Conferize A/S (CONFRZ)	$306.25K	-6086.85%	0.57x	$4.89 Million
Fastpasscorp A/S (FASTPC)	$3.87 Million	-139.64%	3.70x	$6.34 Million
Impero AS (IMPERO)	$15.01 Million	-86.25%	1.31x	$28.86 Million
Konsolidator AS (KONSOL)	$4.91 Million	-504.50%	6.34x	$18.94 Million
Nexcom AS (NEXCOM)	$596.64K	1.47%	2.33x	$6.80 Million
Risma Systems AS (RISMA)	$18.71 Million	-116.58%	0.85x	$33.94 Million
Shape Robotics AS (SHAPE)	$154.16 Million	-9.25%	2.01x	$14.98 Million

About cBrain A/S

CO:CBRAIN Denmark Software - Application

Market Cap

$201.70 Million

Dkr1.29 Billion DKK

Market Cap Rank

#16502 Global

#69 in Denmark

Share Price

Dkr65.90

Change (1 day)

+1.70%

52-Week Range

Dkr63.10 - Dkr234.00

All Time High

Dkr480.91