SP Group A/S
SP Group A/S, together with its subsidiaries, manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa. The company offers hydrographic printing, electromagnetic shielding, and other coatings; solid, foamed, flexible, and light-foam polyurethane products; and ventilation equipment, ergonomic mats, and st… Read more
SP Group A/S (SPG) - Net Assets
Latest net assets as of September 2025: Dkr1.73 Billion DKK
Based on the latest financial reports, SP Group A/S (SPG) has net assets worth Dkr1.73 Billion DKK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr3.18 Billion) and total liabilities (Dkr1.45 Billion). 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 | Dkr1.73 Billion |
| % of Total Assets | 54.48% |
| Annual Growth Rate | 11.96% |
| 5-Year Change | 68.44% |
| 10-Year Change | 331.14% |
| Growth Volatility | 14.86 |
SP Group A/S - Net Assets Trend (2002–2024)
This chart illustrates how SP Group A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SP Group A/S (2002–2024)
The table below shows the annual net assets of SP Group A/S from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr1.70 Billion | +15.94% |
| 2023-12-31 | Dkr1.46 Billion | +15.60% |
| 2022-12-31 | Dkr1.27 Billion | +16.80% |
| 2021-12-31 | Dkr1.08 Billion | +7.61% |
| 2020-12-31 | Dkr1.01 Billion | +41.80% |
| 2019-12-31 | Dkr710.40 Million | +14.58% |
| 2018-12-31 | Dkr620.03 Million | +15.31% |
| 2017-12-31 | Dkr537.69 Million | +25.34% |
| 2016-12-31 | Dkr428.98 Million | +9.00% |
| 2015-12-31 | Dkr393.56 Million | +42.41% |
| 2014-12-31 | Dkr276.36 Million | +9.53% |
| 2013-12-31 | Dkr252.33 Million | +5.08% |
| 2012-12-31 | Dkr240.13 Million | +16.80% |
| 2011-12-31 | Dkr205.60 Million | +7.83% |
| 2010-12-31 | Dkr190.67 Million | +19.38% |
| 2009-12-31 | Dkr159.72 Million | -6.31% |
| 2008-12-31 | Dkr170.47 Million | -4.74% |
| 2007-12-31 | Dkr178.95 Million | +7.11% |
| 2006-12-31 | Dkr167.07 Million | +24.50% |
| 2005-12-31 | Dkr134.19 Million | +21.06% |
| 2004-12-31 | Dkr110.85 Million | -30.03% |
| 2003-12-31 | Dkr158.42 Million | +12.15% |
| 2002-12-31 | Dkr141.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SP Group 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 172029400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr1.68 Billion | 99.47% |
| Common Stock | Dkr24.98 Million | 1.48% |
| Other Comprehensive Income | Dkr78.98 Million | 4.67% |
| Total Equity | Dkr1.69 Billion | 100.00% |
SP Group A/S Competitors by Market Cap
The table below lists competitors of SP Group A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YCC CORP
KQ:232140
|
$404.79 Million |
|
SuZhou ChunXing Precision Mechanical Co Ltd
SHE:002547
|
$404.87 Million |
|
Gestamp Automoción S.A
PINK:GMPUF
|
$404.99 Million |
|
Zhejiang Xinneng Photovoltaic Technology Co Ltd
SHG:603105
|
$405.00 Million |
|
Ripley Corp
SN:RIPLEY
|
$404.78 Million |
|
Comba Telecom Systems Holdings Limited
PINK:COBJF
|
$404.74 Million |
|
Liaoning Oxiranchem Inc
SHE:300082
|
$404.66 Million |
|
Robinsons Land Corporation
PINK:RBLAF
|
$404.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SP Group A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,459,390,000 to 1,691,152,000, a change of 231,762,000 (15.9%).
- Net income of 260,932,000 contributed positively to equity growth.
- Dividend payments of 36,335,000 reduced retained earnings.
- Share repurchases of 24,834,000 reduced equity.
- New share issuances of 7,440,000 increased equity.
- Other comprehensive income increased equity by 25,676,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr260.93 Million | +15.43% |
| Dividends Paid | Dkr36.34 Million | -2.15% |
| Share Repurchases | Dkr24.83 Million | -1.47% |
| Share Issuances | Dkr7.44 Million | +0.44% |
| Other Comprehensive Income | Dkr25.68 Million | +1.52% |
| Other Changes | Dkr-1.12 Million | -0.07% |
| Total Change | Dkr- | 15.88% |
Book Value vs Market Value Analysis
This analysis compares SP Group 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: 2.67x
- 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 23.70x to 2.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Dkr15.72 | Dkr372.50 | x |
| 2003-12-31 | Dkr16.78 | Dkr372.50 | x |
| 2004-12-31 | Dkr12.57 | Dkr372.50 | x |
| 2005-12-31 | Dkr13.72 | Dkr372.50 | x |
| 2006-12-31 | Dkr15.91 | Dkr372.50 | x |
| 2007-12-31 | Dkr16.58 | Dkr372.50 | x |
| 2008-12-31 | Dkr15.93 | Dkr372.50 | x |
| 2009-12-31 | Dkr14.73 | Dkr372.50 | x |
| 2010-12-31 | Dkr17.17 | Dkr372.50 | x |
| 2011-12-31 | Dkr18.59 | Dkr372.50 | x |
| 2012-12-31 | Dkr22.07 | Dkr372.50 | x |
| 2013-12-31 | Dkr23.42 | Dkr372.50 | x |
| 2014-12-31 | Dkr26.31 | Dkr372.50 | x |
| 2015-12-31 | Dkr36.15 | Dkr372.50 | x |
| 2016-12-31 | Dkr37.32 | Dkr372.50 | x |
| 2017-12-31 | Dkr46.38 | Dkr372.50 | x |
| 2018-12-31 | Dkr54.29 | Dkr372.50 | x |
| 2019-12-31 | Dkr62.91 | Dkr372.50 | x |
| 2020-12-31 | Dkr84.99 | Dkr372.50 | x |
| 2021-12-31 | Dkr87.65 | Dkr372.50 | x |
| 2022-12-31 | Dkr103.74 | Dkr372.50 | x |
| 2023-12-31 | Dkr120.05 | Dkr372.50 | x |
| 2024-12-31 | Dkr139.74 | Dkr372.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SP Group 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): 15.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.93%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.87x
- Recent ROE (15.43%) is above the historical average (10.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 13.74% | 3.63% | 1.23x | 3.08x | Dkr5.22 Million |
| 2003 | 7.39% | 1.85% | 1.02x | 3.90x | Dkr-3.89 Million |
| 2004 | -33.31% | -5.31% | 1.19x | 5.29x | Dkr-48.01 Million |
| 2005 | 7.11% | 1.16% | 1.22x | 4.99x | Dkr-3.51 Million |
| 2006 | 8.38% | 1.57% | 1.23x | 4.35x | Dkr-2.50 Million |
| 2007 | -15.86% | -3.05% | 1.30x | 4.00x | Dkr-43.20 Million |
| 2008 | 12.16% | 2.25% | 1.22x | 4.44x | Dkr3.45 Million |
| 2009 | -8.35% | -1.82% | 1.01x | 4.54x | Dkr-27.23 Million |
| 2010 | 14.35% | 2.97% | 1.15x | 4.21x | Dkr7.66 Million |
| 2011 | 13.56% | 2.65% | 1.27x | 4.02x | Dkr6.80 Million |
| 2012 | 13.90% | 2.85% | 1.33x | 3.68x | Dkr8.86 Million |
| 2013 | 16.00% | 3.54% | 1.25x | 3.63x | Dkr14.64 Million |
| 2014 | 14.63% | 3.35% | 1.23x | 3.54x | Dkr12.35 Million |
| 2015 | 15.49% | 4.59% | 1.22x | 2.76x | Dkr21.47 Million |
| 2016 | 21.61% | 6.08% | 1.27x | 2.81x | Dkr49.66 Million |
| 2017 | 24.63% | 7.01% | 1.24x | 2.82x | Dkr78.51 Million |
| 2018 | 25.97% | 8.19% | 1.19x | 2.66x | Dkr98.67 Million |
| 2019 | 19.80% | 7.00% | 0.97x | 2.91x | Dkr69.39 Million |
| 2020 | 15.01% | 6.93% | 0.96x | 2.25x | Dkr50.32 Million |
| 2021 | 18.75% | 8.17% | 0.98x | 2.34x | Dkr94.63 Million |
| 2022 | 16.86% | 8.02% | 0.90x | 2.35x | Dkr86.58 Million |
| 2023 | 10.86% | 6.08% | 0.86x | 2.07x | Dkr12.57 Million |
| 2024 | 15.43% | 8.93% | 0.92x | 1.87x | Dkr91.82 Million |
Industry Comparison
This section compares SP Group A/S's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,696,473,803
- Average return on equity (ROE) among peers: 9.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SP Group A/S (SPG) | Dkr1.73 Billion | 13.74% | 0.84x | $404.79 Million |
| Flügger group A/S (FLUG-B) | $774.20 Million | 2.89% | 0.62x | $107.95 Million |
| Hove AS (HOVE) | $67.22 Million | 10.59% | 0.72x | $16.64 Million |
| Novonesis (Novozymes) A/S (NSIS-B) | $4.25 Billion | 15.23% | 0.97x | $17.10 Billion |