msg life ag
msg life ag provides software, advice, and cloud solutions for life insurance companies and pension fund institutions in Europe and the United States. The company offers msg,ask:it and msg.claim:it; msg.Billing, a software for payment transactions; msg.BusinessPartner for administration of business data; msg.Commission for commission management; msg.Data Services that provides optimised data for … Read more
msg life ag (MSGL) - Net Assets
Latest net assets as of December 2016: €52.16 Million EUR
Based on the latest financial reports, msg life ag (MSGL) has net assets worth €52.16 Million EUR as of December 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€88.72 Million) and total liabilities (€36.56 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 | €52.16 Million |
| % of Total Assets | 58.79% |
| Annual Growth Rate | 7.57% |
| 5-Year Change | 108.53% |
| 10-Year Change | N/A |
| Growth Volatility | 18.9 |
msg life ag - Net Assets Trend (2014–2023)
This chart illustrates how msg life ag's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for msg life ag (2014–2023)
The table below shows the annual net assets of msg life ag from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €77.56 Million | +13.49% |
| 2022-12-31 | €68.34 Million | +18.67% |
| 2021-12-31 | €57.58 Million | +32.11% |
| 2020-12-31 | €43.59 Million | +17.19% |
| 2019-12-31 | €37.19 Million | -2.62% |
| 2018-12-31 | €38.19 Million | -38.22% |
| 2017-12-31 | €61.82 Million | +18.52% |
| 2016-12-31 | €52.16 Million | +14.76% |
| 2015-12-31 | €45.45 Million | +12.98% |
| 2014-12-31 | €40.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to msg life ag'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 4767243900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €8.95 Million | 11.54% |
| Other Components | €68.61 Million | 88.46% |
| Total Equity | €77.56 Million | 100.00% |
msg life ag Competitors by Market Cap
The table below lists competitors of msg life ag ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GreenFirst Forest Products Inc
PINK:ICLTF
|
$38.13 Million |
|
ABOUT YOU Holding AG
F:YOU
|
$38.16 Million |
|
LatAmGrowth SPAC
NASDAQ:LATG
|
$38.17 Million |
|
AC S.A.
WAR:ACG
|
$38.17 Million |
|
Mastersystem Infotama Tbk.
JK:MSTI
|
$38.06 Million |
|
SWK Holdings Corp
NASDAQ:SWKH
|
$38.05 Million |
|
SNC Former Public Company Limited
BK:SNC
|
$38.05 Million |
|
Vasta Platform Ltd
NASDAQ:VSTA
|
$38.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in msg life ag's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 68,335,475 to 77,556,260, a change of 9,220,785 (13.5%).
- Net income of 11,881,090 contributed positively to equity growth.
- Dividend payments of 1,712,098 reduced retained earnings.
- Other factors decreased equity by 948,207.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €11.88 Million | +15.32% |
| Dividends Paid | €1.71 Million | -2.21% |
| Other Changes | €-948.21K | -1.22% |
| Total Change | €- | 13.49% |
Book Value vs Market Value Analysis
This analysis compares msg life ag'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: 2.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.53x to 2.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.51 | €3.82 | x |
| 2018-12-31 | €0.89 | €3.82 | x |
| 2019-12-31 | €0.87 | €3.82 | x |
| 2020-12-31 | €1.02 | €3.82 | x |
| 2021-12-31 | €1.35 | €3.82 | x |
| 2022-12-31 | €1.60 | €3.82 | x |
| 2023-12-31 | €1.81 | €3.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently msg life ag 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): 15.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.63%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 1.55x
- Recent ROE (15.32%) is above the historical average (10.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -2.14% | -0.83% | 1.32x | 1.97x | €-4.88 Million |
| 2015 | 10.38% | 4.36% | 1.33x | 1.80x | €170.89K |
| 2016 | 12.43% | 5.34% | 1.37x | 1.70x | €1.27 Million |
| 2017 | 12.40% | 5.92% | 1.25x | 1.68x | €1.48 Million |
| 2018 | 5.60% | 1.60% | 1.78x | 1.98x | €-1.68 Million |
| 2019 | -3.77% | -0.90% | 2.10x | 2.01x | €-5.12 Million |
| 2020 | 19.05% | 4.43% | 2.28x | 1.89x | €3.95 Million |
| 2021 | 21.09% | 6.26% | 1.95x | 1.73x | €6.38 Million |
| 2022 | 13.37% | 5.00% | 1.64x | 1.63x | €2.31 Million |
| 2023 | 15.32% | 6.63% | 1.49x | 1.55x | €4.13 Million |
Industry Comparison
This section compares msg life ag's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $365,665,335
- Average return on equity (ROE) among peers: 1.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| msg life ag (MSGL) | €52.16 Million | -2.14% | 0.70x | $38.10 Million |
| Growens S.p.A. (0MU) | $56.87 Million | 102.36% | 0.45x | $22.92K |
| Patriot One Technologies Inc (0PL) | $33.53 Million | -35.74% | 0.02x | $58.49 Million |
| Paycom Soft (0PY) | $1.18 Billion | 23.79% | 2.30x | $5.38 Billion |
| innoscripta SE (1INN) | $35.15 Million | 71.39% | 0.67x | $124.83 Million |
| Nextech3D.AI Corporation (1SS) | $13.13 Million | -208.54% | 0.31x | $13.92 Million |
| WEIMOB INC. DL-0001 (36W) | $1.99 Billion | 15.68% | 0.66x | $647.04 Million |
| Modelon AB (publ) (3VM) | $173.11 Million | -16.46% | 0.23x | $7.36 Million |
| Hitek Global Inc. (4JX) | $28.34 Million | 3.70% | 0.25x | $4.96 Million |
| Envirosuite Limited (57P) | $127.30 Million | -9.82% | 0.18x | $39.98 Million |
| JanOne Inc (5AR1) | $16.82 Million | 65.36% | 1.78x | $133.90 Million |