Síminn hf
Síminn hf. engages in the telecommunications, financial technology, and brokerage solutions in Iceland and internationally. It operates through five segments: Mobile Phone Service, Data Transmission, Television Services, Equipment Sales, and Other. The company offers mobile and satellite services. It also provides data transmission services, including xDSL, GPON, Internet, IP networks, and local … Read more
Síminn hf (SIMINN) - Net Assets
Latest net assets as of June 2025: Ikr16.92 Billion ISK
Based on the latest financial reports, Síminn hf (SIMINN) has net assets worth Ikr16.92 Billion ISK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Ikr42.01 Billion) and total liabilities (Ikr25.09 Billion). 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 | Ikr16.92 Billion |
| % of Total Assets | 40.27% |
| Annual Growth Rate | 1.29% |
| 5-Year Change | -51.43% |
| 10-Year Change | -44.77% |
| Growth Volatility | 57.4 |
Síminn hf - Net Assets Trend (2000–2024)
This chart illustrates how Síminn hf's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Síminn hf (2000–2024)
The table below shows the annual net assets of Síminn hf from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Ikr18.12 Billion | +2.93% |
| 2023-12-31 | Ikr17.60 Billion | -50.09% |
| 2022-12-31 | Ikr35.26 Billion | +13.46% |
| 2021-12-31 | Ikr31.08 Billion | -16.67% |
| 2020-12-31 | Ikr37.30 Billion | +1.82% |
| 2019-12-31 | Ikr36.63 Billion | +4.06% |
| 2018-12-31 | Ikr35.20 Billion | -2.97% |
| 2017-12-31 | Ikr36.28 Billion | +5.90% |
| 2016-12-31 | Ikr34.26 Billion | +4.45% |
| 2015-12-31 | Ikr32.80 Billion | +9.59% |
| 2014-12-31 | Ikr29.93 Billion | +13.23% |
| 2013-12-31 | Ikr26.43 Billion | +234.89% |
| 2012-12-31 | Ikr7.89 Billion | -64.67% |
| 2010-12-31 | Ikr22.34 Billion | -12.49% |
| 2009-12-31 | Ikr25.52 Billion | -13.32% |
| 2006-12-31 | Ikr29.45 Billion | -10.23% |
| 2005-12-31 | Ikr32.80 Billion | +92.39% |
| 2004-12-31 | Ikr17.05 Billion | +5.49% |
| 2003-12-31 | Ikr16.16 Billion | +0.27% |
| 2002-12-31 | Ikr16.12 Billion | +8.10% |
| 2001-12-31 | Ikr14.91 Billion | +11.98% |
| 2000-12-31 | Ikr13.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Síminn hf'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Ikr18.12 Billion | 100.00% |
| Total Equity | Ikr18.12 Billion | 100.00% |
Síminn hf Competitors by Market Cap
The table below lists competitors of Síminn hf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PAKUWON JATI RP 25
F:P04
|
$218.87 Million |
|
Tipco Asphalt Public Company Limited
F:TPY1
|
$218.88 Million |
|
Qingdao Huijintong Power
SHG:603577
|
$218.98 Million |
|
Limoneira Co
NASDAQ:LMNR
|
$219.02 Million |
|
Neuromeka Co.Ltd.
KQ:348340
|
$218.74 Million |
|
Minfeng Special Paper Co Ltd
SHG:600235
|
$218.70 Million |
|
Xperi Corp
NYSE:XPER
|
$218.69 Million |
|
Song Da Urban & Industrial Zone Investment and Development JSC
VN:SJS
|
$218.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Síminn hf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,600,000,000 to 18,116,000,000, a change of 516,000,000 (2.9%).
- Net income of 1,381,000,000 contributed positively to equity growth.
- Dividend payments of 499,000,000 reduced retained earnings.
- Share repurchases of 1,424,000,000 reduced equity.
- Other factors increased equity by 1,058,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Ikr1.38 Billion | +7.62% |
| Dividends Paid | Ikr499.00 Million | -2.75% |
| Share Repurchases | Ikr1.42 Billion | -7.86% |
| Other Changes | Ikr1.06 Billion | +5.84% |
| Total Change | Ikr- | 2.93% |
Book Value vs Market Value Analysis
This analysis compares Síminn hf'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: 1.81x
- 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 3.46x to 1.81x 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 | Ikr3.84 | Ikr13.30 | x |
| 2019-12-31 | Ikr4.19 | Ikr13.30 | x |
| 2020-12-31 | Ikr4.38 | Ikr13.30 | x |
| 2021-12-31 | Ikr4.12 | Ikr13.30 | x |
| 2023-12-31 | Ikr6.99 | Ikr13.30 | x |
| 2024-12-31 | Ikr7.36 | Ikr13.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Síminn hf 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): 7.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.08%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.27x
- Recent ROE (7.62%) is below the historical average (17.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.93% | 10.97% | 0.49x | 2.03x | Ikr279.40 Million |
| 2015 | 8.78% | 9.67% | 0.48x | 1.89x | Ikr-401.20 Million |
| 2016 | 8.22% | 9.76% | 0.45x | 1.86x | Ikr-613.70 Million |
| 2017 | 8.56% | 11.10% | 0.46x | 1.67x | Ikr-522.10 Million |
| 2018 | 0.80% | 1.01% | 0.47x | 1.67x | Ikr-3.24 Billion |
| 2019 | 8.38% | 10.84% | 0.43x | 1.79x | Ikr-593.20 Million |
| 2020 | 7.82% | 9.92% | 0.45x | 1.75x | Ikr-813.80 Million |
| 2021 | 16.77% | 21.69% | 0.34x | 2.24x | Ikr2.11 Billion |
| 2022 | 108.52% | 159.85% | 0.47x | 1.45x | Ikr34.74 Billion |
| 2023 | 7.65% | 5.37% | 0.74x | 1.92x | Ikr-414.00 Million |
| 2024 | 7.62% | 5.08% | 0.66x | 2.27x | Ikr-430.60 Million |
Industry Comparison
This section compares Síminn hf's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $10,288,000,000
- Average return on equity (ROE) among peers: 20.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Síminn hf (SIMINN) | Ikr16.92 Billion | 10.93% | 1.48x | $218.79 Million |
| Sýn hf (SYN) | $10.29 Billion | 20.50% | 2.40x | $19.81 Million |