Bittium Oyj
Bittium Oyj provides solutions for communications and connectivity, healthcare technology products and services, and biosignal measuring and monitoring in Finland, Germany, and the United States. It offers medical technologies products and solutions, including holter, long-term cardiac, and cardiac event monitoring; mobile cardiac telemetry; tools for biosignal analysis; medical service platform … Read more
Bittium Oyj (BITTI) - Net Assets
Latest net assets as of June 2025: €110.70 Million EUR
Based on the latest financial reports, Bittium Oyj (BITTI) has net assets worth €110.70 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€160.40 Million) and total liabilities (€49.70 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 | €110.70 Million |
| % of Total Assets | 69.01% |
| Annual Growth Rate | 4.53% |
| 5-Year Change | -1.27% |
| 10-Year Change | -18.01% |
| Growth Volatility | 41.23 |
Bittium Oyj - Net Assets Trend (2000–2024)
This chart illustrates how Bittium Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bittium Oyj (2000–2024)
The table below shows the annual net assets of Bittium Oyj from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €112.80 Million | +4.85% |
| 2023-12-31 | €107.58 Million | -7.07% |
| 2022-12-31 | €115.77 Million | -0.89% |
| 2021-12-31 | €116.81 Million | +2.25% |
| 2020-12-31 | €114.25 Million | +1.71% |
| 2019-12-31 | €112.33 Million | +2.08% |
| 2018-12-31 | €110.03 Million | -5.69% |
| 2017-12-31 | €116.68 Million | -10.67% |
| 2016-12-31 | €130.62 Million | -5.06% |
| 2015-12-31 | €137.58 Million | +47.29% |
| 2014-12-31 | €93.41 Million | +14.29% |
| 2013-12-31 | €81.73 Million | +18.27% |
| 2012-12-31 | €69.10 Million | +3.12% |
| 2011-12-31 | €67.01 Million | -7.55% |
| 2010-12-31 | €72.49 Million | -35.76% |
| 2009-12-31 | €112.83 Million | -1.99% |
| 2008-12-31 | €115.12 Million | -30.50% |
| 2007-12-31 | €165.65 Million | -12.15% |
| 2006-12-31 | €188.56 Million | +54.59% |
| 2005-12-31 | €121.98 Million | +12.84% |
| 2004-12-31 | €108.10 Million | +31.32% |
| 2003-12-31 | €82.32 Million | +10.94% |
| 2002-12-31 | €74.20 Million | +179.89% |
| 2001-12-31 | €26.51 Million | -31.92% |
| 2000-12-31 | €38.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bittium Oyj'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 362.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €72.57 Million | 64.33% |
| Common Stock | €12.90 Million | 11.44% |
| Other Comprehensive Income | €27.30 Million | 24.20% |
| Other Components | €38.00K | 0.03% |
| Total Equity | €112.80 Million | 100.00% |
Bittium Oyj Competitors by Market Cap
The table below lists competitors of Bittium Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIMCERE PHARMAC. GRP LTD
F:S2P
|
$1.05 Billion |
|
Top Glove Corporation Bhd
PINK:TPGVF
|
$1.05 Billion |
|
Trinity Capital Inc
NASDAQ:TRIN
|
$1.06 Billion |
|
Superior Plus Corp
PINK:SUUIF
|
$1.06 Billion |
|
Faes Farma SA
MC:FAE
|
$1.05 Billion |
|
PDF Solutions Inc
NASDAQ:PDFS
|
$1.05 Billion |
|
ST Pharm Co.Ltd
KQ:237690
|
$1.05 Billion |
|
QUIDELORTHO DL-001
F:QL1A
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bittium Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 107,585,000 to 112,800,000, a change of 5,215,000 (4.8%).
- Net income of 7,300,000 contributed positively to equity growth.
- Dividend payments of 2,100,000 reduced retained earnings.
- Share repurchases of 100,000 reduced equity.
- Other comprehensive income increased equity by 85,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €7.30 Million | +6.47% |
| Dividends Paid | €2.10 Million | -1.86% |
| Share Repurchases | €100.00K | -0.09% |
| Other Comprehensive Income | €85.00K | +0.08% |
| Other Changes | €30.00K | +0.03% |
| Total Change | €- | 4.85% |
Book Value vs Market Value Analysis
This analysis compares Bittium Oyj'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: 11.14x
- 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 63.69x to 11.14x 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 | €0.56 | €35.40 | x |
| 2003-12-31 | €0.64 | €35.40 | x |
| 2004-12-31 | €0.84 | €35.40 | x |
| 2005-12-31 | €0.91 | €35.40 | x |
| 2006-12-31 | €1.42 | €35.40 | x |
| 2007-12-31 | €1.28 | €35.40 | x |
| 2008-12-31 | €0.89 | €35.40 | x |
| 2009-12-31 | €0.87 | €35.40 | x |
| 2010-12-31 | €0.55 | €35.40 | x |
| 2011-12-31 | €0.50 | €35.40 | x |
| 2012-12-31 | €0.51 | €35.40 | x |
| 2013-12-31 | €0.63 | €35.40 | x |
| 2014-12-31 | €0.71 | €35.40 | x |
| 2015-12-31 | €1.20 | €35.40 | x |
| 2016-12-31 | €3.66 | €35.40 | x |
| 2017-12-31 | €3.27 | €35.40 | x |
| 2018-12-31 | €3.08 | €35.40 | x |
| 2019-12-31 | €3.15 | €35.40 | x |
| 2020-12-31 | €3.20 | €35.40 | x |
| 2021-12-31 | €3.27 | €35.40 | x |
| 2022-12-31 | €3.24 | €35.40 | x |
| 2023-12-31 | €3.02 | €35.40 | x |
| 2024-12-31 | €3.18 | €35.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bittium Oyj 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): 6.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.57%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.46x
- Recent ROE (6.47%) is below the historical average (20.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 24.48% | 6.79% | 1.70x | 2.13x | €5.63 Million |
| 2002 | -6.51% | -4.24% | 0.74x | 2.07x | €-11.31 Million |
| 2003 | 10.11% | 5.47% | 1.04x | 1.77x | €85.70K |
| 2004 | 21.75% | 11.51% | 1.16x | 1.63x | €12.60 Million |
| 2005 | 15.90% | 8.86% | 1.10x | 1.64x | €6.98 Million |
| 2006 | 40.26% | 40.90% | 0.69x | 1.43x | €55.79 Million |
| 2007 | -4.16% | -4.77% | 0.61x | 1.43x | €-23.46 Million |
| 2008 | -42.99% | -28.73% | 0.95x | 1.57x | €-61.00 Million |
| 2009 | -1.81% | -1.32% | 0.96x | 1.43x | €-13.28 Million |
| 2010 | -21.99% | -9.68% | 1.30x | 1.75x | €-22.79 Million |
| 2011 | -7.75% | -3.13% | 1.41x | 1.76x | €-11.63 Million |
| 2012 | 3.40% | 1.22% | 1.30x | 2.14x | €-4.39 Million |
| 2013 | 37.86% | 15.53% | 1.38x | 1.77x | €22.77 Million |
| 2014 | 13.40% | 5.58% | 1.34x | 1.79x | €3.17 Million |
| 2015 | 393.45% | 952.82% | 0.36x | 1.16x | €527.56 Million |
| 2016 | 2.68% | 5.46% | 0.42x | 1.17x | €-9.56 Million |
| 2017 | -2.66% | -6.02% | 0.37x | 1.19x | €-14.78 Million |
| 2018 | 3.66% | 6.40% | 0.47x | 1.20x | €-6.98 Million |
| 2019 | 6.81% | 10.16% | 0.49x | 1.37x | €-3.59 Million |
| 2020 | 1.91% | 2.78% | 0.50x | 1.38x | €-9.24 Million |
| 2021 | 2.85% | 3.83% | 0.52x | 1.42x | €-8.36 Million |
| 2022 | 0.22% | 0.31% | 0.49x | 1.47x | €-11.32 Million |
| 2023 | -5.05% | -7.22% | 0.48x | 1.47x | €-16.19 Million |
| 2024 | 6.47% | 8.57% | 0.52x | 1.46x | €-3.98 Million |
Industry Comparison
This section compares Bittium Oyj's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,296,546,894
- Average return on equity (ROE) among peers: 7.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bittium Oyj (BITTI) | €110.70 Million | 24.48% | 0.45x | $1.05 Billion |
| Nokia Oyj (NOKIA) | $2.53 Billion | 15.69% | 1.30x | $29.76 Billion |
| Teleste Oyj (TLT1V) | $60.88 Million | -0.13% | 1.21x | $46.75 Million |