DigitalX Limited (VSL) - Net Assets
Based on the latest financial reports, DigitalX Limited (VSL) has net assets worth €37.03 Million EUR (≈ $43.29 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€58.61 Million ≈ $68.53 Million USD) and total liabilities (€21.59 Million ≈ $25.24 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. Check DigitalX Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €37.03 Million |
| % of Total Assets | 63.17% |
| Annual Growth Rate | 25.18% |
| 5-Year Change | 197.79% |
| 10-Year Change | N/A |
| Growth Volatility | 101.7 |
DigitalX Limited - Net Assets Trend (2015–2024)
This chart illustrates how DigitalX Limited's net assets have evolved over time, based on quarterly financial data. Also explore DigitalX Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for DigitalX Limited (2015–2024)
The table below shows the annual net assets of DigitalX Limited from 2015 to 2024. For live valuation and market cap data, see market value of DigitalX Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €37.03 Million ≈ $43.29 Million |
+54.69% |
| 2023-06-30 | €23.94 Million ≈ $27.99 Million |
-11.62% |
| 2022-06-30 | €27.08 Million ≈ $31.66 Million |
-36.05% |
| 2021-06-30 | €42.35 Million ≈ $49.51 Million |
+240.60% |
| 2020-06-30 | €12.43 Million ≈ $14.54 Million |
-28.27% |
| 2019-06-30 | €17.33 Million ≈ $20.27 Million |
+18.42% |
| 2018-06-30 | €14.64 Million ≈ $17.11 Million |
+2326.72% |
| 2017-06-30 | €-657.38K ≈ $-768.54K |
-129.27% |
| 2016-06-30 | €2.25 Million ≈ $2.63 Million |
-54.21% |
| 2015-06-30 | €4.90 Million ≈ $5.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to DigitalX Limited'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 3032266700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €85.32 Million | 230.54% |
| Total Equity | €37.01 Million | 100.00% |
DigitalX Limited Competitors by Market Cap
The table below lists competitors of DigitalX Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kekrops S.A.
AT:KEKR
|
$31.69 Million |
|
Aveng Ltd
JSE:AEG
|
$31.69 Million |
|
Foamit Oyj
HE:FOAMIT
|
$31.72 Million |
|
Brookside Energy Limited
F:8F3
|
$31.81 Million |
|
Leon Fuat Bhd
KLSE:5232
|
$31.68 Million |
|
Averbuch Formica Center Ltd
TA:AVER
|
$31.67 Million |
|
YBM Net Inc
KQ:057030
|
$31.67 Million |
|
Axteria Group Bhd
KLSE:7120
|
$31.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DigitalX Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,937,582 to 37,008,214, a change of 13,070,632 (54.6%).
- Net loss of 4,792,901 reduced equity.
- Share repurchases of 3,106,950 reduced equity.
- New share issuances of 7,185,104 increased equity.
- Other factors increased equity by 13,785,379.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.79 Million | -12.95% |
| Share Repurchases | €3.11 Million | -8.4% |
| Share Issuances | €7.19 Million | +19.41% |
| Other Changes | €13.79 Million | +37.25% |
| Total Change | €- | 54.60% |
Book Value vs Market Value Analysis
This analysis compares DigitalX Limited'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: 0.43x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.00 | €0.02 | x |
| 2018-06-30 | €0.03 | €0.02 | x |
| 2019-06-30 | €0.03 | €0.02 | x |
| 2020-06-30 | €0.02 | €0.02 | x |
| 2021-06-30 | €0.06 | €0.02 | x |
| 2022-06-30 | €0.04 | €0.02 | x |
| 2023-06-30 | €0.03 | €0.02 | x |
| 2024-06-30 | €0.04 | €0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DigitalX Limited 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): -12.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -147.23%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.58x
- Recent ROE (-12.95%) is above the historical average (-43.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -138.03% | -23.03% | 5.26x | 1.14x | €-7.26 Million |
| 2016 | -204.90% | -8.89% | 15.07x | 1.53x | €-4.83 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | €-5.10 Million |
| 2018 | 25.19% | 31.61% | 0.70x | 1.13x | €2.12 Million |
| 2019 | -21.83% | -249.15% | 0.08x | 1.16x | €-5.25 Million |
| 2020 | -58.32% | -1621.03% | 0.03x | 1.14x | €-8.04 Million |
| 2021 | 15.95% | 69.59% | 0.18x | 1.28x | €2.52 Million |
| 2022 | -10.48% | -122.49% | 0.07x | 1.29x | €-5.55 Million |
| 2023 | -31.69% | -334.40% | 0.07x | 1.44x | €-9.98 Million |
| 2024 | -12.95% | -147.23% | 0.06x | 1.58x | €-8.49 Million |
Industry Comparison
This section compares DigitalX Limited's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,887,560,038
- Average return on equity (ROE) among peers: -13.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DigitalX Limited (VSL) | €37.03 Million | -138.03% | 0.58x | $31.68 Million |
| StoneCo Ltd (0Q0) | $13.59 Billion | -10.00% | 2.09x | $2.65 Billion |
| Endava plc (2Y5) | $582.94 Million | 3.64% | 0.61x | $161.21 Million |
| NOWVERTICAL GROUP INC. (5XQ) | $10.76 Million | -128.78% | 0.96x | $11.72 Million |
| ADVENICA AB (65R) | $93.73 Million | -4.39% | 0.96x | $58.07 Million |
| OVH GROUPE UNSP.ADR/1/2 (7U70) | $468.35 Million | -6.10% | 2.08x | $1.16 Billion |
| COGNYTE SOFTWARE LTD (81M) | $214.73 Million | -7.25% | 1.20x | $566.87 Million |
| DETALION GAMES SA ZY -10 (9XJ) | $1.33 Million | -21.59% | 0.16x | $655.84K |
| EML Payments Ltd (A8Y1) | $120.58 Million | 0.01% | 0.56x | $112.62 Million |
| Amdocs Limited (AOS) | $3.67 Billion | 13.58% | 0.73x | $6.03 Billion |
| BOKU INC. REG S DL-0001 (B04) | $123.58 Million | 23.39% | 1.35x | $597.76 Million |
About DigitalX Limited
DigitalX Limited provides blockchain product development in Australia. The company operates through Product Development and Asset Management segments. The Product Development segment provides consulting, technical due diligence, and design and development solutions to businesses. This segment also develops blockchain, RegTech, and FinTech products. The Asset Management segment operates digital as… Read more