Vincit Group Oyj
Vincit Oyj provides service design and software development services in Finland, Poland, Portugal, Sweden, and the United States. The company offers business design, agile software development, digital solutions, continuous services and DevOps services, and SAP ecosystem technologies. It also provides data, artificial intelligence, and analytics; SAP enterprise solutions; web and mobile applicati… Read more
Vincit Group Oyj (VINCIT) - Net Assets
Latest net assets as of June 2025: €32.12 Million EUR
Based on the latest financial reports, Vincit Group Oyj (VINCIT) has net assets worth €32.12 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 (€55.61 Million) and total liabilities (€23.49 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 | €32.12 Million |
| % of Total Assets | 57.76% |
| Annual Growth Rate | 20.39% |
| 5-Year Change | 22.3% |
| 10-Year Change | 411.37% |
| Growth Volatility | 30.87 |
Vincit Group Oyj - Net Assets Trend (2013–2024)
This chart illustrates how Vincit Group 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 Vincit Group Oyj (2013–2024)
The table below shows the annual net assets of Vincit Group Oyj from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €31.03 Million | -14.10% |
| 2023-12-31 | €36.12 Million | -13.09% |
| 2022-12-31 | €41.56 Million | +51.48% |
| 2021-12-31 | €27.43 Million | +8.14% |
| 2020-12-31 | €25.37 Million | +15.06% |
| 2019-12-31 | €22.05 Million | +1.97% |
| 2018-12-31 | €21.62 Million | +48.50% |
| 2017-12-31 | €14.56 Million | +23.15% |
| 2016-12-31 | €11.82 Million | +94.87% |
| 2015-12-31 | €6.07 Million | +8.46% |
| 2014-12-31 | €5.59 Million | +38.82% |
| 2013-12-31 | €4.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vincit Group 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 184.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €545.00K | 1.76% |
| Other Comprehensive Income | €33.74 Million | 108.74% |
| Total Equity | €31.03 Million | 100.00% |
Vincit Group Oyj Competitors by Market Cap
The table below lists competitors of Vincit Group Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dai Thien Loc Corp
VN:DTL
|
$22.07 Million |
|
Hanchem Co,. Ltd.
KQ:457370
|
$22.08 Million |
|
Gozco Plantations Tbk
JK:GZCO
|
$22.08 Million |
|
Fu Yu Property Co Ltd
TWO:4907
|
$22.08 Million |
|
Orient Paper & Industries Limited
NSE:ORIENTPPR
|
$22.06 Million |
|
GCL Global Holdings Ltd Ordinary Shares
NASDAQ:GCL
|
$22.06 Million |
|
Korea Business News Co. Ltd
KQ:039340
|
$22.06 Million |
|
Vbt Yazilim AS
IS:VBTYZ
|
$22.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vincit Group Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,093,090 to 31,025,106, a change of -5,067,984 (-14.0%).
- Net loss of 3,614,038 reduced equity.
- Dividend payments of 1,663,669 reduced retained earnings.
- Other comprehensive income increased equity by 462,303.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.61 Million | -11.65% |
| Dividends Paid | €1.66 Million | -5.36% |
| Other Comprehensive Income | €462.30K | +1.49% |
| Other Changes | €-252.58K | -0.81% |
| Total Change | €- | -14.04% |
Book Value vs Market Value Analysis
This analysis compares Vincit Group 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: 0.68x
- 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 2.45x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | €0.51 | €1.25 | x |
| 2015-12-31 | €0.53 | €1.25 | x |
| 2016-12-31 | €1.04 | €1.25 | x |
| 2017-12-31 | €1.29 | €1.25 | x |
| 2018-12-31 | €1.82 | €1.25 | x |
| 2019-12-31 | €1.79 | €1.25 | x |
| 2020-12-31 | €2.03 | €1.25 | x |
| 2021-12-31 | €2.16 | €1.25 | x |
| 2022-12-31 | €2.80 | €1.25 | x |
| 2023-12-31 | €2.13 | €1.25 | x |
| 2024-12-31 | €1.83 | €1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vincit Group 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): -11.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.27%
- • Asset Turnover: 1.77x
- • Equity Multiplier: 1.54x
- Recent ROE (-11.65%) is below the historical average (17.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 17.73% | 13.13% | 1.10x | 1.23x | €311.66K |
| 2014 | 33.70% | 20.45% | 1.30x | 1.27x | €1.33 Million |
| 2015 | 68.74% | 15.48% | 1.45x | 3.05x | €3.45 Million |
| 2016 | 19.22% | 6.81% | 1.61x | 1.76x | €1.05 Million |
| 2017 | 18.66% | 6.45% | 1.36x | 2.13x | €1.23 Million |
| 2018 | 30.14% | 14.60% | 1.40x | 1.47x | €4.24 Million |
| 2019 | 6.49% | 2.87% | 1.55x | 1.46x | €-750.07K |
| 2020 | 17.69% | 8.34% | 1.50x | 1.42x | €1.90 Million |
| 2021 | 13.08% | 5.65% | 1.57x | 1.47x | €817.98K |
| 2022 | -0.67% | -0.33% | 1.37x | 1.50x | €-4.40 Million |
| 2023 | -7.91% | -2.91% | 1.72x | 1.58x | €-6.46 Million |
| 2024 | -11.65% | -4.27% | 1.77x | 1.54x | €-6.72 Million |
Industry Comparison
This section compares Vincit Group Oyj's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $16,512,528
- Average return on equity (ROE) among peers: 7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vincit Group Oyj (VINCIT) | €32.12 Million | 17.73% | 0.73x | $22.07 Million |
| Admicom Oyj (ADMCM) | $29.32 Million | 21.54% | 0.32x | $149.87 Million |
| Digitalist Group Oyj (DIGIGR) | $19.18 Million | -31.22% | 1.72x | $817.05K |
| Innofactor Oyj (IFA1V) | $23.44 Million | 7.51% | 1.41x | $12.65 Million |
| LeadDesk Oyj (LEADD) | $724.77K | 46.18% | 6.17x | $24.30 Million |
| Lemonsoft Oyj (LEMON) | $5.51 Million | 45.06% | 0.37x | $16.33 Million |
| QPR Software Oyj (QPR1V) | $2.87 Million | 11.14% | 1.24x | $5.17 Million |
| Tecnotree Oyj (TEM1V) | $34.53 Million | -49.23% | 1.37x | $42.21 Million |