Spinnova Oy
Spinnova Oyj produces and sells natural fibre materials in Finland and internationally. The company produces Spinnova textile fibres, which is made from a range of raw materials, including wood to leather, textile, agricultural, food industry and beverage waste. Spinnova Oyj was incorporated in 2014 and is headquartered in Jyväskylä, Finland.
Spinnova Oy (SPINN) - Net Assets
Latest net assets as of June 2025: €44.82 Million EUR
Based on the latest financial reports, Spinnova Oy (SPINN) has net assets worth €44.82 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 (€56.82 Million) and total liabilities (€12.00 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 | €44.82 Million |
| % of Total Assets | 78.88% |
| Annual Growth Rate | 60.27% |
| 5-Year Change | 676.1% |
| 10-Year Change | N/A |
| Growth Volatility | 423.85 |
Spinnova Oy - Net Assets Trend (2018–2024)
This chart illustrates how Spinnova Oy's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spinnova Oy (2018–2024)
The table below shows the annual net assets of Spinnova Oy from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €71.17 Million | -18.50% |
| 2023-12-31 | €87.33 Million | -12.71% |
| 2022-12-31 | €100.04 Million | -12.16% |
| 2021-12-31 | €113.89 Million | +1142.02% |
| 2020-12-31 | €9.17 Million | -31.12% |
| 2019-12-31 | €13.31 Million | +217.28% |
| 2018-12-31 | €4.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spinnova Oy'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 6119400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €80.00K | 0.11% |
| Other Comprehensive Income | €135.09 Million | 189.82% |
| Total Equity | €71.17 Million | 100.00% |
Spinnova Oy Competitors by Market Cap
The table below lists competitors of Spinnova Oy ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cirralto Limited
PINK:CROTF
|
$11.50 Million |
|
PT Salim Ivomas Pratama Tbk
STU:2IR
|
$11.50 Million |
|
Ktop Reit
KO:145270
|
$11.51 Million |
|
Hydrogen Freehold & Leasehold Real Estate Investment Trust
BK:HYDROGEN
|
$11.51 Million |
|
Psychemedics Corporation
NASDAQ:PMD
|
$11.49 Million |
|
GRITEE Inc
KQ:204020
|
$11.49 Million |
|
Tartisan Nickel Corp
OTCQX:TTSRF
|
$11.49 Million |
|
MHC JSC
VN:MHC
|
$11.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spinnova Oy's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 87,328,000 to 71,168,000, a change of -16,160,000 (-18.5%).
- Net loss of 16,833,000 reduced equity.
- Share repurchases of 76,000 reduced equity.
- New share issuances of 76,000 increased equity.
- Other comprehensive income increased equity by 77,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-16.83 Million | -23.65% |
| Share Repurchases | €76.00K | -0.11% |
| Share Issuances | €76.00K | +0.11% |
| Other Comprehensive Income | €77.00K | +0.11% |
| Other Changes | €596.00K | +0.84% |
| Total Change | €- | -18.50% |
Book Value vs Market Value Analysis
This analysis compares Spinnova Oy'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: 0.33x
- 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 decreased from 5.49x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €0.08 | €0.45 | x |
| 2019-12-31 | €0.88 | €0.45 | x |
| 2020-12-31 | €0.61 | €0.45 | x |
| 2021-12-31 | €2.64 | €0.45 | x |
| 2022-12-31 | €1.95 | €0.45 | x |
| 2023-12-31 | €1.68 | €0.45 | x |
| 2024-12-31 | €1.36 | €0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spinnova Oy 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): -23.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2209.06%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.17x
- Recent ROE (-23.65%) is above the historical average (-27.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -40.11% | -885.79% | 0.03x | 1.68x | €-2.10 Million |
| 2019 | -15.35% | -269.66% | 0.04x | 1.57x | €-3.38 Million |
| 2020 | -61.55% | -2222.05% | 0.01x | 1.85x | €-6.56 Million |
| 2021 | -13.54% | -254.38% | 0.05x | 1.09x | €-26.81 Million |
| 2022 | -15.12% | -62.29% | 0.21x | 1.15x | €-25.13 Million |
| 2023 | -22.44% | -184.17% | 0.11x | 1.13x | €-28.33 Million |
| 2024 | -23.65% | -2209.06% | 0.01x | 1.17x | €-23.95 Million |
Industry Comparison
This section compares Spinnova Oy's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $28,228,920
- Average return on equity (ROE) among peers: 9.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spinnova Oy (SPINN) | €44.82 Million | -40.11% | 0.27x | $11.50 Million |
| Piippo OYJ (PIIPPO) | $7.07 Million | 9.20% | 0.76x | $2.24 Million |
| Saga Furs Oyj C (SAGCV) | $49.38 Million | 9.34% | 0.81x | $4.86 Million |