TROPHY GAMES Development AS
TROPHY GAMES Development A/S engages in the developing, manufacturing, publishing, and selling of online games for computers, tablet, mobiles, and related products in Denmark. It primarily focuses on football management games. The company was incorporated in 2006 and is based in Copenhagen, Denmark.
TROPHY GAMES Development AS (TGAMES) - Net Assets
Latest net assets as of June 2025: Dkr58.49 Million DKK
Based on the latest financial reports, TROPHY GAMES Development AS (TGAMES) has net assets worth Dkr58.49 Million DKK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr70.11 Million) and total liabilities (Dkr11.62 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 | Dkr58.49 Million |
| % of Total Assets | 83.43% |
| Annual Growth Rate | 78.11% |
| 5-Year Change | 520.21% |
| 10-Year Change | N/A |
| Growth Volatility | 192.47 |
TROPHY GAMES Development AS - Net Assets Trend (2017–2024)
This chart illustrates how TROPHY GAMES Development 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 TROPHY GAMES Development AS (2017–2024)
The table below shows the annual net assets of TROPHY GAMES Development AS from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr58.80 Million | +12.23% |
| 2023-12-31 | Dkr52.39 Million | +1.00% |
| 2022-12-31 | Dkr51.87 Million | -19.39% |
| 2021-12-31 | Dkr64.35 Million | +578.73% |
| 2020-12-31 | Dkr9.48 Million | +61.82% |
| 2019-12-31 | Dkr5.86 Million | +125.32% |
| 2018-12-31 | Dkr2.60 Million | +151.56% |
| 2017-12-31 | Dkr1.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TROPHY GAMES Development 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 7344.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr58.34 Million | 99.21% |
| Common Stock | Dkr552.00K | 0.94% |
| Other Comprehensive Income | Dkr-86.00K | -0.15% |
| Total Equity | Dkr58.80 Million | 100.00% |
TROPHY GAMES Development AS Competitors by Market Cap
The table below lists competitors of TROPHY GAMES Development AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kwong Fong Industries Corp
TW:1416
|
$51.74 Million |
|
Wintermar Offshore Marine Tbk
JK:WINS
|
$51.78 Million |
|
SaraminHR Co.Ltd
KQ:143240
|
$51.79 Million |
|
Taokaenoi Food & Marketing Public Company Limited
BK:TKN
|
$51.80 Million |
|
WISeKey International Holding Ltd.
LSE:0RF1
|
$51.70 Million |
|
Centaur Media Plc
PINK:CAUUF
|
$51.69 Million |
|
Binh Thanh Import Export Production and Trade JSC
VN:GIL
|
$51.69 Million |
|
Bangkok Aviation Fuel Services Public Company Limited
BK:BAFS
|
$51.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TROPHY GAMES Development AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,870,000 to 58,802,000, a change of 5,932,000 (11.2%).
- Net income of 7,109,000 contributed positively to equity growth.
- Share repurchases of 879,000 reduced equity.
- Other comprehensive income decreased equity by 12,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr7.11 Million | +12.09% |
| Share Repurchases | Dkr879.00K | -1.49% |
| Other Comprehensive Income | Dkr-12.00K | -0.02% |
| Other Changes | Dkr-286.00K | -0.49% |
| Total Change | Dkr- | 11.22% |
Book Value vs Market Value Analysis
This analysis compares TROPHY GAMES Development 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: 6.44x
- 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 372.58x to 6.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Dkr0.04 | Dkr14.05 | x |
| 2018-12-31 | Dkr0.09 | Dkr14.05 | x |
| 2019-12-31 | Dkr0.21 | Dkr14.05 | x |
| 2020-12-31 | Dkr0.35 | Dkr14.05 | x |
| 2021-12-31 | Dkr2.33 | Dkr14.05 | x |
| 2022-12-31 | Dkr1.89 | Dkr14.05 | x |
| 2023-12-31 | Dkr1.92 | Dkr14.05 | x |
| 2024-12-31 | Dkr2.18 | Dkr14.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TROPHY GAMES Development 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): 12.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.89%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 1.16x
- Recent ROE (12.09%) is below the historical average (17.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -9.56% | -2.62% | 1.09x | 3.35x | Dkr-202.19K |
| 2018 | 60.25% | 32.33% | 0.90x | 2.07x | Dkr1.31 Million |
| 2019 | 55.62% | 16.35% | 1.72x | 1.97x | Dkr2.67 Million |
| 2020 | 38.20% | 11.76% | 2.12x | 1.53x | Dkr2.67 Million |
| 2021 | -1.43% | -2.44% | 0.50x | 1.17x | Dkr-7.36 Million |
| 2022 | -23.90% | -24.66% | 0.85x | 1.15x | Dkr-17.69 Million |
| 2023 | 4.91% | 4.77% | 0.88x | 1.17x | Dkr-2.69 Million |
| 2024 | 12.09% | 7.89% | 1.32x | 1.16x | Dkr1.23 Million |
Industry Comparison
This section compares TROPHY GAMES Development AS's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
No peer company data available for comparison.