WITHSECURE Net Assets
WITHSECURE net assets. Based on the latest financial reports, WITHSECURE (WITH) has net assets worth €61.12 Million EUR (≈ $71.46 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€160.92 Million ≈ $188.13 Million USD) and total liabilities (€99.79 Million ≈ $116.67 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. Also explore WITH year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €61.12 Million |
| % of Total Assets | 37.99% |
| Annual Growth Rate | 4.02% |
| 5-Year Change | -15.91% |
| 10-Year Change | -10.15% |
| Growth Volatility | 21.74 |
Net Assets of WITHSECURE (2003–2024)
Net assets of WITHSECURE from 2003 to 2024. This chart illustrates how WITHSECURE's net assets have evolved over time, based on quarterly financial data. See WITHSECURE net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for WITHSECURE (2003–2024)
The table below shows the annual net assets of WITHSECURE from 2003 to 2024. For live market cap and overall valuation, see WITHSECURE stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €69.23 Million ≈ $80.94 Million |
-32.77% |
| 2023-12-31 | €102.98 Million ≈ $120.39 Million |
-26.49% |
| 2022-12-31 | €140.09 Million ≈ $163.78 Million |
+46.90% |
| 2021-12-31 | €95.36 Million ≈ $111.49 Million |
+15.83% |
| 2020-12-31 | €82.33 Million ≈ $96.25 Million |
+8.10% |
| 2019-12-31 | €76.16 Million ≈ $89.04 Million |
+14.90% |
| 2018-12-31 | €66.28 Million ≈ $77.49 Million |
-4.59% |
| 2017-12-31 | €69.47 Million ≈ $81.22 Million |
-8.49% |
| 2016-12-31 | €75.91 Million ≈ $88.75 Million |
-1.48% |
| 2015-12-31 | €77.05 Million ≈ $90.08 Million |
-3.60% |
| 2014-12-31 | €79.93 Million ≈ $93.45 Million |
+9.86% |
| 2013-12-31 | €72.76 Million ≈ $85.06 Million |
+11.76% |
| 2012-12-31 | €65.10 Million ≈ $76.11 Million |
+9.31% |
| 2011-12-31 | €59.56 Million ≈ $69.63 Million |
+15.80% |
| 2010-12-31 | €51.43 Million ≈ $60.13 Million |
+5.39% |
| 2009-12-31 | €48.80 Million ≈ $57.05 Million |
+18.71% |
| 2008-12-31 | €41.11 Million ≈ $48.06 Million |
-39.13% |
| 2007-12-31 | €67.54 Million ≈ $78.96 Million |
+24.68% |
| 2006-12-31 | €54.17 Million ≈ $63.33 Million |
-5.18% |
| 2005-12-31 | €57.13 Million ≈ $66.79 Million |
+27.92% |
| 2004-12-31 | €44.66 Million ≈ $52.21 Million |
+47.72% |
| 2003-12-31 | €30.23 Million ≈ $35.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WITHSECURE'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 149.8% over the analyzed period, potentially due to dividend distributions or operating losses.
WITHSECURE Net Assets Breakdown (December 2024)
WITHSECURE net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €80.00K | 0.12% |
| Other Comprehensive Income | €84.88 Million | 122.60% |
| Total Equity | €69.23 Million | 100.00% |
WITHSECURE Competitors by Market Cap
The table below lists competitors of WITHSECURE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beacon Lighting Group Ltd
AU:BLX
|
$301.83 Million |
|
Nanjing Chervon Auto Precision Technology Co Ltd
SHG:603982
|
$301.88 Million |
|
Silver Tiger Metals Inc
V:SLVR
|
$301.90 Million |
|
Global Indemnity PLC
NYSE:GBLI
|
$301.95 Million |
|
Cognor S.A.
WAR:COG
|
$301.64 Million |
|
Korea Environment Technology Co. LTD
KQ:029960
|
$301.63 Million |
|
Channel Well Technology Co Ltd
TWO:3078
|
$301.61 Million |
|
Beijing Airport High-Tech Park Co Ltd
SHG:600463
|
$301.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WITHSECURE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 102,980,000 to 69,233,000, a change of -33,747,000 (-32.8%).
- Net loss of 37,979,000 reduced equity.
- Other comprehensive income increased equity by 2,050,000.
- Other factors increased equity by 2,182,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-37.98 Million | -54.86% |
| Other Comprehensive Income | €2.05 Million | +2.96% |
| Other Changes | €2.18 Million | +3.15% |
| Total Change | €- | -32.77% |
Book Value vs Market Value Analysis
This analysis compares WITHSECURE'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: 4.37x
- 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 8.33x to 4.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | €0.21 | €1.72 | x |
| 2004-12-31 | €0.27 | €1.72 | x |
| 2005-12-31 | €0.35 | €1.72 | x |
| 2006-12-31 | €0.34 | €1.72 | x |
| 2007-12-31 | €0.44 | €1.72 | x |
| 2008-12-31 | €0.25 | €1.72 | x |
| 2009-12-31 | €0.31 | €1.72 | x |
| 2010-12-31 | €0.33 | €1.72 | x |
| 2011-12-31 | €0.38 | €1.72 | x |
| 2012-12-31 | €0.42 | €1.72 | x |
| 2013-12-31 | €0.47 | €1.72 | x |
| 2014-12-31 | €0.51 | €1.72 | x |
| 2015-12-31 | €0.49 | €1.72 | x |
| 2016-12-31 | €0.49 | €1.72 | x |
| 2017-12-31 | €0.44 | €1.72 | x |
| 2018-12-31 | €0.42 | €1.72 | x |
| 2019-12-31 | €0.48 | €1.72 | x |
| 2020-12-31 | €0.52 | €1.72 | x |
| 2021-12-31 | €0.60 | €1.72 | x |
| 2022-12-31 | €0.82 | €1.72 | x |
| 2023-12-31 | €0.59 | €1.72 | x |
| 2024-12-31 | €0.39 | €1.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WITHSECURE 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): -54.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.74%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.67x
- Recent ROE (-54.86%) is below the historical average (12.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 10.54% | 8.18% | 0.72x | 1.78x | €163.60K |
| 2004 | 30.01% | 28.36% | 0.66x | 1.60x | €8.94 Million |
| 2005 | 11.56% | 10.69% | 0.66x | 1.65x | €892.90K |
| 2006 | 13.51% | 9.07% | 0.85x | 1.76x | €1.90 Million |
| 2007 | 22.87% | 15.96% | 0.84x | 1.70x | €8.69 Million |
| 2008 | 47.56% | 17.31% | 1.19x | 2.31x | €15.44 Million |
| 2009 | 38.42% | 14.98% | 1.18x | 2.17x | €13.87 Million |
| 2010 | 29.64% | 11.72% | 1.16x | 2.18x | €10.10 Million |
| 2011 | 27.49% | 11.21% | 1.16x | 2.11x | €10.41 Million |
| 2012 | 21.60% | 8.95% | 1.23x | 1.96x | €7.55 Million |
| 2013 | 22.63% | 10.62% | 1.14x | 1.88x | €9.19 Million |
| 2014 | 19.73% | 10.25% | 1.03x | 1.87x | €7.78 Million |
| 2015 | 28.62% | 14.94% | 0.88x | 2.18x | €14.35 Million |
| 2016 | 20.08% | 9.63% | 0.94x | 2.21x | €7.65 Million |
| 2017 | 15.49% | 6.34% | 0.97x | 2.51x | €3.81 Million |
| 2018 | 1.27% | 0.44% | 0.84x | 3.44x | €-5.78 Million |
| 2019 | 4.42% | 1.55% | 0.95x | 3.01x | €-4.25 Million |
| 2020 | 15.64% | 5.85% | 0.93x | 2.89x | €4.64 Million |
| 2021 | 13.30% | 5.37% | 0.96x | 2.58x | €3.15 Million |
| 2022 | -27.28% | -28.37% | 0.55x | 1.75x | €-52.22 Million |
| 2023 | -38.87% | -28.03% | 0.69x | 2.01x | €-50.33 Million |
| 2024 | -54.86% | -32.74% | 0.63x | 2.67x | €-44.90 Million |
Industry Comparison
This section compares WITHSECURE's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $28,520,561
- Average return on equity (ROE) among peers: 38.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WITHSECURE (WITH) | €61.12 Million | 10.54% | 1.63x | $301.75 Million |
| F-SECURE OYJ (FSECURE) | $24.80 Million | 121.57% | 1.53x | $284.74 Million |
| Heeros Oyj (HEEROS) | $6.75 Million | -6.00% | 0.73x | $30.56 Million |
| SSH Communications Security Oyj (SSH1V) | $54.01 Million | 0.00% | 0.10x | $107.56 Million |
About WITHSECURE
WithSecure Oyj operates in corporate security business worldwide. The company's software and services include WithSecure Elements Cloud that integrates software, services, and all security capabilities into a single unified solution; and WithSecure Luminen which blends the power of GenAI with the workflows of IT security; WithSecure Elements Extended Detection and Response (XDR) that protects dev… Read more