WITTED MEGACORP OYJ EO 1 (8OS) - Net Assets
Based on the latest financial reports, WITTED MEGACORP OYJ EO 1 (8OS) has net assets worth €14.61 Million EUR (≈ $17.08 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€24.86 Million ≈ $29.07 Million USD) and total liabilities (€10.25 Million ≈ $11.99 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. Read WITTED MEGACORP OYJ EO 1 (8OS) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €14.61 Million |
| % of Total Assets | 58.77% |
| Annual Growth Rate | 82.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 294.9 |
WITTED MEGACORP OYJ EO 1 - Net Assets Trend (2021–2024)
This chart illustrates how WITTED MEGACORP OYJ EO 1's net assets have evolved over time, based on quarterly financial data. Also explore WITTED MEGACORP OYJ EO 1 asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for WITTED MEGACORP OYJ EO 1 (2021–2024)
The table below shows the annual net assets of WITTED MEGACORP OYJ EO 1 from 2021 to 2024. For live valuation and market cap data, see WITTED MEGACORP OYJ EO 1 market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €14.61 Million ≈ $17.08 Million |
-1.39% |
| 2023-12-31 | €14.82 Million ≈ $17.32 Million |
-14.71% |
| 2022-12-31 | €17.37 Million ≈ $20.31 Million |
+617.41% |
| 2021-12-31 | €2.42 Million ≈ $2.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WITTED MEGACORP OYJ EO 1'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 decreased by 254.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €16.63 Million | 113.82% |
| Total Equity | €14.61 Million | 100.00% |
WITTED MEGACORP OYJ EO 1 Competitors by Market Cap
The table below lists competitors of WITTED MEGACORP OYJ EO 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eutilex.Co.Ltd
KQ:263050
|
$23.94 Million |
|
Conduril - Engenharia S.A
LS:CDU
|
$23.94 Million |
|
Tirta Mahakam Resources Tbk
JK:TIRT
|
$23.95 Million |
|
Northstar Clean Technologies Inc
V:ROOF
|
$23.95 Million |
|
Hamama
TA:HMAM
|
$23.93 Million |
|
Nexus Minerals Ltd
AU:NXM
|
$23.92 Million |
|
ECO WAVE POW.GL. SP.ADR/8
F:1KW0
|
$23.91 Million |
|
Star Paper Mills Limited
NSE:STARPAPER
|
$23.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WITTED MEGACORP OYJ EO 1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,816,687 to 14,610,008, a change of -206,679 (-1.4%).
- Net loss of 397,304 reduced equity.
- New share issuances of 128,651 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-397.30K | -2.72% |
| Share Issuances | €128.65K | +0.88% |
| Other Changes | €61.97K | +0.42% |
| Total Change | €- | -1.39% |
Book Value vs Market Value Analysis
This analysis compares WITTED MEGACORP OYJ EO 1'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: 1.72x
- 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 9.48x to 1.72x 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 | €0.17 | €1.64 | x |
| 2022-12-31 | €1.13 | €1.64 | x |
| 2023-12-31 | €0.97 | €1.64 | x |
| 2024-12-31 | €0.95 | €1.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WITTED MEGACORP OYJ EO 1 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): -2.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.74%
- • Asset Turnover: 2.15x
- • Equity Multiplier: 1.70x
- Recent ROE (-2.72%) is below the historical average (1.54%), 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 | 22.77% | 1.84% | 3.42x | 3.61x | €309.27K |
| 2022 | -3.18% | -1.04% | 1.67x | 1.82x | €-2.29 Million |
| 2023 | -10.70% | -2.47% | 2.30x | 1.88x | €-3.07 Million |
| 2024 | -2.72% | -0.74% | 2.15x | 1.70x | €-1.86 Million |
Industry Comparison
This section compares WITTED MEGACORP OYJ EO 1's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $375,532,630
- Average return on equity (ROE) among peers: -274.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WITTED MEGACORP OYJ EO 1 (8OS) | €14.61 Million | 22.77% | 0.70x | $23.93 Million |
| Materialise NV (06MA) | $142.67 Million | 1.15% | 1.45x | $301.24 Million |
| Patriot One Technologies Inc (0PL) | $33.53 Million | -35.74% | 0.02x | $89.56 Million |
| AXWAY SOFTWARE EO 2 (1XV) | $532.39 Million | 7.63% | 1.33x | $1.09 Billion |
| Spyrosoft Spólka Akcyjna (2NP) | $160.60 Million | 21.35% | 0.53x | $109.50 Million |
| WEIMOB INC. DL-0001 (36W) | $2.80 Billion | -27.06% | 1.81x | $681.82 Million |
| ROUTE1 INC. (3R6N) | $2.73 Million | 8.15% | 4.53x | $2.46 Million |
| INSURAGUEST TECHN. INC. (4JG) | $-267.38K | 0.00% | 0.00x | $99.69K |
| LIQUID AVATAR TECHNO.INC. (4T5) | $424.39K | -2677.70% | 5.96x | $1.33 Million |
| Envirosuite Limited (57P) | $85.04 Million | -37.92% | 0.40x | $67.90 Million |
| SPROUT AI INC. (5AU) | $-4.05 Million | 0.00% | 0.00x | $3.09 Million |
About WITTED MEGACORP OYJ EO 1
Witted Megacorp Oyj, together with its subsidiaries, develops and sells software development solutions in Finland and internationally. It also offers software development consulting and project delivery, growth consulting, and recruitment services. The company was incorporated in 2016 and is based in Helsinki, Finland.