Penneo AS
Penneo A/S, a software-as-a-service company, provides signing and know-your-customer workflow software for the auditing and accounting industry. Its solutions include Penneo Sign for digital signing, workflow automation, and data collection; and Penneo KYC to automate the client onboarding process. The company serves customers in audit and accounting, finance and banking, real estate, legal, and … Read more
Penneo AS (PENNEO) - Net Assets
Latest net assets as of September 2024: Dkr75.01 Million DKK
Based on the latest financial reports, Penneo AS (PENNEO) has net assets worth Dkr75.01 Million DKK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr113.16 Million) and total liabilities (Dkr38.16 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr75.01 Million |
| % of Total Assets | 66.28% |
| Annual Growth Rate | 72.99% |
| 5-Year Change | 694.94% |
| 10-Year Change | N/A |
| Growth Volatility | 144.35 |
Penneo AS - Net Assets Trend (2018–2023)
This chart illustrates how Penneo AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Penneo AS (2018–2023)
The table below shows the annual net assets of Penneo AS from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Dkr94.09 Million | -10.82% |
| 2022-12-31 | Dkr105.50 Million | +84.95% |
| 2021-12-31 | Dkr57.04 Million | -0.92% |
| 2020-12-31 | Dkr57.58 Million | +386.45% |
| 2019-12-31 | Dkr11.84 Million | +94.82% |
| 2018-12-31 | Dkr6.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Penneo AS'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 2334894300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr20.84 Million | 22.14% |
| Common Stock | Dkr681.83K | 0.72% |
| Other Comprehensive Income | Dkr72.57 Million | 77.13% |
| Total Equity | Dkr94.09 Million | 100.00% |
Penneo AS Competitors by Market Cap
The table below lists competitors of Penneo AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genesys International Corporation Limited
NSE:GENESYS
|
$66.03 Million |
|
ESGL Holdings Limited Ordinary Shares
NASDAQ:ESGL
|
$66.06 Million |
|
Pantages Capital Acquisition Corporation.
NASDAQ:PGAC
|
$66.09 Million |
|
PROFIRE ENERGY DL-001
F:PFR
|
$66.11 Million |
|
Nova Vision Acquisition Corp
NASDAQ:NOVV
|
$65.98 Million |
|
Synlait Milk Limited
PINK:SMLKF
|
$65.97 Million |
|
EUROAPI SAS EO 1
F:940
|
$65.91 Million |
|
Euroapi SAS
PA:EAPI
|
$65.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Penneo AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 105,501,146 to 94,088,720, a change of -11,412,426 (-10.8%).
- Net loss of 24,734,062 reduced equity.
- New share issuances of 8,681,146 increased equity.
- Other comprehensive income increased equity by 11,945,911.
- Other factors decreased equity by 7,305,421.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr-24.73 Million | -26.29% |
| Share Issuances | Dkr8.68 Million | +9.23% |
| Other Comprehensive Income | Dkr11.95 Million | +12.7% |
| Other Changes | Dkr-7.31 Million | -7.76% |
| Total Change | Dkr- | -10.82% |
Book Value vs Market Value Analysis
This analysis compares Penneo AS'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: 5.76x
- 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 66.60x to 5.76x 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 | Dkr0.25 | Dkr16.40 | x |
| 2019-12-31 | Dkr2.11 | Dkr16.40 | x |
| 2020-12-31 | Dkr2.93 | Dkr16.40 | x |
| 2021-12-31 | Dkr2.22 | Dkr16.40 | x |
| 2022-12-31 | Dkr3.40 | Dkr16.40 | x |
| 2023-12-31 | Dkr2.85 | Dkr16.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Penneo AS 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): -26.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.96%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.50x
- Recent ROE (-26.29%) is below the historical average (-11.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 35.77% | 7.63% | 1.22x | 3.84x | Dkr1.57 Million |
| 2019 | -3.76% | -1.35% | 1.06x | 2.64x | Dkr-1.63 Million |
| 2020 | -22.24% | -36.03% | 0.37x | 1.67x | Dkr-18.56 Million |
| 2021 | -32.67% | -34.33% | 0.52x | 1.83x | Dkr-24.34 Million |
| 2022 | -19.20% | -28.12% | 0.47x | 1.44x | Dkr-30.81 Million |
| 2023 | -26.29% | -27.96% | 0.63x | 1.50x | Dkr-34.14 Million |
Industry Comparison
This section compares Penneo AS's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,341,429
- Average return on equity (ROE) among peers: -736.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Penneo AS (PENNEO) | Dkr75.01 Million | 35.77% | 0.51x | $66.02 Million |
| DecideAct A/S (ACT) | $11.03 Million | -182.79% | 1.54x | $977.47 |
| Agillic A/S (AGILC) | $-4.52 Million | 0.00% | 0.00x | $10.22 Million |
| cBrain A/S (CBRAIN) | $2.39 Million | -51.20% | 2.76x | $98.61 Million |
| Conferize A/S (CONFRZ) | $306.25K | -6086.85% | 0.57x | $27.65 |
| Fastpasscorp A/S (FASTPC) | $2.90 Million | -99.99% | 4.03x | $39.44K |
| Impero AS (IMPERO) | $15.01 Million | -86.25% | 1.31x | $12.16 Million |
| Konsolidator AS (KONSOL) | $-3.58 Million | 0.00% | 0.00x | $3.64 Million |
| Nexcom AS (NEXCOM) | $666.36K | 10.46% | 2.31x | $2.39K |
| Risma Systems AS (RISMA) | $5.88 Million | -128.53% | 1.64x | $26.16 Million |