Heeros Oyj (HEEROS) - Net Assets
Based on the latest financial reports, Heeros Oyj (HEEROS) has net assets worth €7.90 Million EUR (≈ $9.24 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 (€11.33 Million ≈ $13.24 Million USD) and total liabilities (€3.43 Million ≈ $4.01 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 Heeros Oyj (HEEROS) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.90 Million |
| % of Total Assets | 69.76% |
| Annual Growth Rate | 30.28% |
| 5-Year Change | 301.03% |
| 10-Year Change | 643.85% |
| Growth Volatility | 75.54 |
Heeros Oyj - Net Assets Trend (2013–2024)
This chart illustrates how Heeros Oyj's net assets have evolved over time, based on quarterly financial data. Also explore Heeros Oyj assets under control for the complete picture of this company's asset base.
Annual Net Assets for Heeros Oyj (2013–2024)
The table below shows the annual net assets of Heeros Oyj from 2013 to 2024. For live valuation and market cap data, see Heeros Oyj stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €7.90 Million ≈ $9.24 Million |
+8.26% |
| 2023-12-31 | €7.30 Million ≈ $8.53 Million |
+8.10% |
| 2022-12-31 | €6.75 Million ≈ $7.89 Million |
+171.84% |
| 2021-12-31 | €2.48 Million ≈ $2.90 Million |
+26.06% |
| 2020-12-31 | €1.97 Million ≈ $2.30 Million |
+9.11% |
| 2019-12-31 | €1.81 Million ≈ $2.11 Million |
-9.28% |
| 2018-12-31 | €1.99 Million ≈ $2.33 Million |
-20.29% |
| 2017-12-31 | €2.50 Million ≈ $2.92 Million |
-25.77% |
| 2016-12-31 | €3.36 Million ≈ $3.93 Million |
+216.71% |
| 2015-12-31 | €1.06 Million ≈ $1.24 Million |
+70.01% |
| 2014-12-31 | €624.77K ≈ $730.43K |
+45.07% |
| 2013-12-31 | €430.66K ≈ $503.49K |
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Equity Component Analysis
This analysis shows how different components contribute to Heeros 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 decreased by 1187.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €4.74 Million | 60.03% |
| Other Components | €5.01 Million | 63.36% |
| Total Equity | €7.90 Million | 100.00% |
Heeros Oyj Competitors by Market Cap
The table below lists competitors of Heeros Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OHEIM INT Co.Ltd
KQ:309930
|
$30.57 Million |
|
Hotel Fitra International Tbk PT
JK:FITT
|
$30.57 Million |
|
Cavendish Hydrogen ASA
OL:CAVEN
|
$30.59 Million |
|
FSBM Holdings Bhd
KLSE:9377
|
$30.60 Million |
|
MPC Energy Solutions NV
OL:MPCES
|
$30.55 Million |
|
Sustainable Power & Infrastructure Split Corp
TO:PWI
|
$30.53 Million |
|
Zeo Energy Corp
NASDAQ:ZEO
|
$30.53 Million |
|
Atlanta Poland SA
WAR:ATP
|
$30.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heeros Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,298,286 to 7,901,080, a change of 602,794 (8.3%).
- Net income of 618,920 contributed positively to equity growth.
- Share repurchases of 160,620 reduced equity.
- New share issuances of 161,000 increased equity.
- Other comprehensive income decreased equity by 4,454,534.
- Other factors increased equity by 4,438,028.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €618.92K | +7.83% |
| Share Repurchases | €160.62K | -2.03% |
| Share Issuances | €161.00K | +2.04% |
| Other Comprehensive Income | €-4.45 Million | -56.38% |
| Other Changes | €4.44 Million | +56.17% |
| Total Change | €- | 8.26% |
Book Value vs Market Value Analysis
This analysis compares Heeros 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: 3.87x
- 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 44.15x to 3.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €0.13 | €5.70 | x |
| 2015-12-31 | €0.34 | €5.70 | x |
| 2016-12-31 | €0.97 | €5.70 | x |
| 2017-12-31 | €0.57 | €5.70 | x |
| 2018-12-31 | €0.46 | €5.70 | x |
| 2019-12-31 | €0.42 | €5.70 | x |
| 2020-12-31 | €0.44 | €5.70 | x |
| 2021-12-31 | €0.56 | €5.70 | x |
| 2022-12-31 | €1.29 | €5.70 | x |
| 2023-12-31 | €1.39 | €5.70 | x |
| 2024-12-31 | €1.47 | €5.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heeros 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.45%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.43x
- Recent ROE (7.83%) is above the historical average (-2.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 68.50% | 7.06% | 1.19x | 8.13x | €251.93K |
| 2014 | 3.65% | 0.55% | 1.07x | 6.13x | €-39.68K |
| 2015 | -21.54% | -4.22% | 1.18x | 4.32x | €-334.96K |
| 2016 | -23.13% | -11.73% | 0.99x | 2.00x | €-1.11 Million |
| 2017 | -34.76% | -11.96% | 1.27x | 2.28x | €-1.12 Million |
| 2018 | -25.46% | -6.33% | 1.29x | 3.12x | €-705.74K |
| 2019 | -22.27% | -4.67% | 1.49x | 3.19x | €-582.69K |
| 2020 | 1.11% | 0.25% | 1.51x | 2.94x | €-175.22K |
| 2021 | 20.09% | 5.42% | 1.36x | 2.71x | €250.57K |
| 2022 | -6.00% | -3.65% | 0.95x | 1.73x | €-1.08 Million |
| 2023 | 2.42% | 1.56% | 1.02x | 1.52x | €-553.08K |
| 2024 | 7.83% | 5.45% | 1.00x | 1.43x | €-171.19K |
Industry Comparison
This section compares Heeros Oyj's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $38,850,224
- Average return on equity (ROE) among peers: 13.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heeros Oyj (HEEROS) | €7.90 Million | 68.50% | 0.43x | $30.56 Million |
| F-SECURE OYJ (FSECURE) | $47.02 Million | 44.81% | 4.75x | $340.68 Million |
| SSH Communications Security Oyj (SSH1V) | $4.43 Million | -26.50% | 1.13x | $146.66 Million |
| WITHSECURE (WITH) | $65.10 Million | 21.60% | 0.96x | $301.75 Million |
About Heeros Oyj
Heeros Oyj provides cloud-based financial management solutions. The company offers purchase and sales invoices; electronic archiving; Heeros PSA, a software that enables businesses to manage sales, projects, and finances; Heeros small business, a software that automates invoicing, quoting, approvals, billing hours, and expenses for sole proprietors and small businesses; mobile app for financial a… Read more