INCUVO S.A. ZY -50 (68X) - Net Assets
Based on the latest financial reports, INCUVO S.A. ZY -50 (68X) has net assets worth €9.05 Million EUR (≈ $10.59 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€11.47 Million ≈ $13.41 Million USD) and total liabilities (€2.42 Million ≈ $2.83 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. See INCUVO S.A. ZY -50 (68X) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.05 Million |
| % of Total Assets | 78.92% |
| Annual Growth Rate | 21.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 121.16 |
INCUVO S.A. ZY -50 - Net Assets Trend (2021–2025)
This chart illustrates how INCUVO S.A. ZY -50's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see INCUVO S.A. ZY -50 (68X) total market value.
Annual Net Assets for INCUVO S.A. ZY -50 (2021–2025)
The table below shows the annual net assets of INCUVO S.A. ZY -50 from 2021 to 2025. Also explore 68X shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €9.05 Million ≈ $10.59 Million |
-20.51% |
| 2024-12-31 | €11.39 Million ≈ $13.32 Million |
-17.94% |
| 2023-12-31 | €13.88 Million ≈ $16.23 Million |
+237.77% |
| 2021-12-31 | €4.11 Million ≈ $4.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to INCUVO S.A. ZY -50'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 299024352.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €11.41 Million | 125.96% |
| Total Equity | €9.05 Million | 100.00% |
INCUVO S.A. ZY -50 Competitors by Market Cap
The table below lists competitors of INCUVO S.A. ZY -50 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BELGRAVIA HARTFORD CAP.
F:ECA
|
$1.51 Million |
|
Avinger Inc
NASDAQ:AVGR
|
$1.52 Million |
|
Hopium SAS
PA:ALHPI
|
$1.52 Million |
|
CME Group Bhd
KLSE:7018
|
$1.52 Million |
|
Akanda Corp
NASDAQ:AKAN
|
$1.51 Million |
|
Impax Asset Management Group Plc
LSE:IPX
|
$1.51 Million |
|
Astron Paper & Board Mill Limited
NSE:ASTRON
|
$1.50 Million |
|
BBS-Bioactive Bone Substitutes Oyj
HE:BONEH
|
$1.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INCUVO S.A. ZY -50's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,391,000 to 9,055,000, a change of -2,336,000 (-20.5%).
- Net loss of 2,351,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-2.35 Million | -25.96% |
| Other Changes | €15.00K | +0.17% |
| Total Change | €- | -20.51% |
Book Value vs Market Value Analysis
This analysis compares INCUVO S.A. ZY -50'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: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.39x to 0.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.28 | €0.11 | x |
| 2023-12-31 | €0.97 | €0.11 | x |
| 2024-12-31 | €0.80 | €0.11 | x |
| 2025-12-31 | €0.63 | €0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INCUVO S.A. ZY -50 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): -25.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.16%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.27x
- Recent ROE (-25.96%) is below the historical average (-10.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -13.83% | -38.24% | 0.17x | 2.16x | €-967.46K |
| 2023 | 21.79% | 14.74% | 0.99x | 1.50x | €1.64 Million |
| 2024 | -22.49% | -17.19% | 0.91x | 1.44x | €-3.70 Million |
| 2025 | -25.96% | -20.16% | 1.02x | 1.27x | €-3.26 Million |
Industry Comparison
This section compares INCUVO S.A. ZY -50's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $12,206,353,292
- Average return on equity (ROE) among peers: -33.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| INCUVO S.A. ZY -50 (68X) | €9.05 Million | -13.83% | 0.27x | $1.51 Million |
| IDREAMSKY TE+H. DL-0001 (08IA) | $1.79 Billion | -138.88% | 1.41x | $88.78 Million |
| OURGAME INT.HOL.DL-00005 (13O) | $66.89 Million | -133.33% | 0.50x | $16.17 Million |
| CREATIVEF. G.S.A-K ZY-23 (19F) | $4.34 Million | -13.62% | 0.02x | $1.02 Million |
| Boyaa Interactive International Limited (1BY) | $1.46 Billion | 4.41% | 0.23x | $224.54 Million |
| STILLFRONT GRP AB SK-07 (1YS0) | $13.85 Billion | 0.05% | 0.63x | $192.76 Million |
| 5TH PLANET GAMES DK -50 (2HG1) | $78.74 Million | 4.39% | 0.05x | $28.64 Million |
| MOVIE GAMES S.A. ZY1 (2LH) | $28.47 Million | -31.62% | 0.37x | $4.07 Million |
| NetDragon Websoft Holdings Limited (3ND) | $5.36 Billion | 15.06% | 0.45x | $525.71 Million |
| BAKED GAMES SA ZY-10 (4U6) | $2.34 Million | -42.67% | 0.16x | $924.92K |
| NETEASE INC. O.N. (4Y01) | $99.42 Billion | 0.00% | 0.55x | $67.40 Billion |
About INCUVO S.A. ZY -50
Incuvo S.A. engages in the development and sale of virtual reality games worldwide. The company was formerly known as Incuvo Sp. z o.o. and changed its name to Incuvo S.A. in January 2016. Incuvo S.A. was incorporated in 2016 and is based in Katowice, Poland.