Solteq PLC
Solteq Oyj, an IT services and software solutions company, engages in the digitalization of business and industry-specific software in Finland, Sweden, Norway, Denmark, Poland, and the United Kingdom. It operates in two segments, Utilities, and Retail & Commerce. The company provides Smart Dealer, a cloud-based solution suite that comprises Solteq's after-sales system web service and Alma Ajo's r… Read more
Solteq PLC (SOLTEQ) - Net Assets
Latest net assets as of June 2025: €15.55 Million EUR
Based on the latest financial reports, Solteq PLC (SOLTEQ) has net assets worth €15.55 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 (€50.76 Million) and total liabilities (€35.22 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 | €15.55 Million |
| % of Total Assets | 30.62% |
| Annual Growth Rate | 1.04% |
| 5-Year Change | -39.84% |
| 10-Year Change | 3.5% |
| Growth Volatility | 21.18 |
Solteq PLC - Net Assets Trend (2000–2024)
This chart illustrates how Solteq PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solteq PLC (2000–2024)
The table below shows the annual net assets of Solteq PLC from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €15.95 Million | -7.39% |
| 2023-12-31 | €17.22 Million | -23.60% |
| 2022-12-31 | €22.54 Million | -19.52% |
| 2021-12-31 | €28.00 Million | +5.64% |
| 2020-12-31 | €26.51 Million | +8.08% |
| 2019-12-31 | €24.53 Million | +12.52% |
| 2018-12-31 | €21.80 Million | +6.42% |
| 2017-12-31 | €20.48 Million | +0.83% |
| 2016-12-31 | €20.31 Million | +31.85% |
| 2015-12-31 | €15.41 Million | +31.55% |
| 2014-12-31 | €11.71 Million | +7.98% |
| 2013-12-31 | €10.85 Million | +7.63% |
| 2012-12-31 | €10.08 Million | +69.50% |
| 2011-12-31 | €5.95 Million | +13.04% |
| 2010-12-31 | €5.26 Million | -47.27% |
| 2009-12-31 | €9.97 Million | +3.86% |
| 2008-12-31 | €9.60 Million | -1.20% |
| 2007-12-31 | €9.72 Million | +0.05% |
| 2006-12-31 | €9.71 Million | -10.13% |
| 2005-12-31 | €10.81 Million | -10.72% |
| 2004-12-31 | €12.11 Million | +1.74% |
| 2003-12-31 | €11.90 Million | +7.36% |
| 2002-12-31 | €11.08 Million | -3.71% |
| 2001-12-31 | €11.51 Million | -7.41% |
| 2000-12-31 | €12.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solteq PLC'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 9.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.81 Million | 11.35% |
| Common Stock | €1.01 Million | 6.33% |
| Other Components | €13.13 Million | 82.32% |
| Total Equity | €15.95 Million | 100.00% |
Solteq PLC Competitors by Market Cap
The table below lists competitors of Solteq PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oron Group Investments & Holdings Ltd
TA:ORON
|
$3.44 Million |
|
Ainos Inc
NASDAQ:AIMD
|
$3.44 Million |
|
Kontrol Technologies Corp
OTCQB:KNRLF
|
$3.44 Million |
|
Jasnita Telekomindo Tbk PT
JK:JAST
|
$3.44 Million |
|
Coral India Finance & Housing Limited
NSE:CORALFINAC
|
$3.44 Million |
|
Bukit Darmo Property Tbk
JK:BKDP
|
$3.44 Million |
|
Strike Resources Ltd
AU:SRK
|
$3.44 Million |
|
HPSIF
OTCQB:HPSIF
|
$3.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solteq PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,219,000 to 15,947,000, a change of -1,272,000 (-7.4%).
- Net loss of 1,210,000 reduced equity.
- Other comprehensive income decreased equity by 13,113,999.
- Other factors increased equity by 13,051,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.21 Million | -7.59% |
| Other Comprehensive Income | €-13.11 Million | -82.23% |
| Other Changes | €13.05 Million | +81.85% |
| Total Change | €- | -7.39% |
Book Value vs Market Value Analysis
This analysis compares Solteq PLC'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: 0.50x
- 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 increased from 0.40x to 0.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €1.04 | €0.41 | x |
| 2003-12-31 | €1.12 | €0.41 | x |
| 2004-12-31 | €1.14 | €0.41 | x |
| 2005-12-31 | €1.01 | €0.41 | x |
| 2006-12-31 | €0.85 | €0.41 | x |
| 2007-12-31 | €0.81 | €0.41 | x |
| 2008-12-31 | €0.80 | €0.41 | x |
| 2009-12-31 | €0.84 | €0.41 | x |
| 2010-12-31 | €0.45 | €0.41 | x |
| 2011-12-31 | €0.51 | €0.41 | x |
| 2012-12-31 | €0.73 | €0.41 | x |
| 2013-12-31 | €0.72 | €0.41 | x |
| 2014-12-31 | €0.78 | €0.41 | x |
| 2015-12-31 | €0.98 | €0.41 | x |
| 2016-12-31 | €1.15 | €0.41 | x |
| 2017-12-31 | €1.13 | €0.41 | x |
| 2018-12-31 | €1.14 | €0.41 | x |
| 2019-12-31 | €1.27 | €0.41 | x |
| 2020-12-31 | €1.37 | €0.41 | x |
| 2021-12-31 | €1.44 | €0.41 | x |
| 2022-12-31 | €1.16 | €0.41 | x |
| 2023-12-31 | €0.89 | €0.41 | x |
| 2024-12-31 | €0.82 | €0.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solteq PLC 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): -7.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.38%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 3.26x
- Recent ROE (-7.59%) is below the historical average (1.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -3.19% | -1.88% | 1.20x | 1.42x | €-1.46 Million |
| 2003 | 9.50% | 5.43% | 1.30x | 1.34x | €-59.66K |
| 2004 | 8.72% | 4.74% | 1.40x | 1.31x | €-155.12K |
| 2005 | 11.29% | 5.64% | 1.50x | 1.33x | €139.10K |
| 2006 | 1.27% | 0.53% | 1.14x | 2.09x | €-848.40K |
| 2007 | 11.50% | 4.00% | 1.27x | 2.27x | €146.10K |
| 2008 | 9.03% | 2.85% | 1.38x | 2.29x | €-93.20K |
| 2009 | 9.38% | 3.26% | 1.36x | 2.12x | €-62.30K |
| 2010 | -70.49% | -13.70% | 1.57x | 3.27x | €-4.23 Million |
| 2011 | 15.09% | 3.30% | 1.56x | 2.92x | €302.50K |
| 2012 | 16.84% | 4.35% | 1.44x | 2.69x | €689.30K |
| 2013 | 14.95% | 4.25% | 1.50x | 2.34x | €536.40K |
| 2014 | 16.16% | 4.62% | 1.63x | 2.14x | €721.80K |
| 2015 | 0.66% | 0.19% | 0.84x | 4.17x | €-1.44 Million |
| 2016 | 22.70% | 7.31% | 1.03x | 3.01x | €2.58 Million |
| 2017 | -7.33% | -2.44% | 1.00x | 3.00x | €-3.55 Million |
| 2018 | 1.63% | 0.63% | 0.84x | 3.11x | €-1.82 Million |
| 2019 | 11.43% | 4.81% | 0.76x | 3.14x | €350.30K |
| 2020 | 7.47% | 3.28% | 0.81x | 2.82x | €-670.90K |
| 2021 | 14.64% | 5.94% | 0.91x | 2.71x | €1.30 Million |
| 2022 | -23.98% | -7.90% | 0.92x | 3.30x | €-7.66 Million |
| 2023 | -31.24% | -9.33% | 1.01x | 3.32x | €-7.10 Million |
| 2024 | -7.59% | -2.38% | 0.98x | 3.26x | €-2.80 Million |
Industry Comparison
This section compares Solteq PLC's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $115,882,900
- Average return on equity (ROE) among peers: 16.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solteq PLC (SOLTEQ) | €15.55 Million | -3.19% | 2.27x | $3.44 Million |
| Digia Oyj (DIGIA) | $72.08 Million | 10.28% | 1.13x | $63.31 Million |
| Digital Workforce Services Oyj (DWF) | $14.75 Million | -4.72% | 0.59x | $15.21 Million |
| Gofore Oyj (GOFORE) | $1.74 Million | 62.80% | 1.30x | $73.97 Million |
| Siili Solutions Oyj (SIILI) | $19.65 Million | 8.04% | 1.48x | $27.65 Million |
| TietoEVRY Corp (TIETO) | $471.20 Million | 7.43% | 1.19x | $1.89 Billion |