Vátryggingafélag Íslands hf Net Assets
Vátryggingafélag Íslands hf net assets. Based on the latest financial reports, Vátryggingafélag Íslands hf (SKAGI) has net assets worth Ikr21.17 Billion ISK (≈ $172.61 Million USD) as of December 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Ikr65.47 Billion ≈ $533.73 Million USD) and total liabilities (Ikr44.30 Billion ≈ $361.13 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 SKAGI net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Ikr21.17 Billion |
| % of Total Assets | 32.34% |
| Annual Growth Rate | 1.1% |
| 5-Year Change | 39.34% |
| 10-Year Change | N/A |
| Growth Volatility | 12.9 |
Net Assets of Vátryggingafélag Íslands hf (2014–2023)
Net assets of Vátryggingafélag Íslands hf from 2014 to 2023. This chart illustrates how Vátryggingafélag Íslands hf's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Vátryggingafélag Íslands hf to measure how much of total assets are equity-financed.
Annual Net Assets for Vátryggingafélag Íslands hf (2014–2023)
The table below shows the annual net assets of Vátryggingafélag Íslands hf from 2014 to 2023. For live market cap and overall valuation, see Vátryggingafélag Íslands hf market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Ikr21.17 Billion ≈ $172.61 Million |
+22.21% |
| 2022-12-31 | Ikr17.32 Billion ≈ $141.24 Million |
-15.29% |
| 2021-12-31 | Ikr20.45 Billion ≈ $166.74 Million |
+20.37% |
| 2020-12-31 | Ikr16.99 Billion ≈ $138.53 Million |
+11.83% |
| 2019-12-31 | Ikr15.19 Billion ≈ $123.87 Million |
+1.90% |
| 2018-12-31 | Ikr14.91 Billion ≈ $121.56 Million |
-11.07% |
| 2017-12-31 | Ikr16.77 Billion ≈ $136.69 Million |
+2.42% |
| 2016-12-31 | Ikr16.37 Billion ≈ $133.46 Million |
-6.73% |
| 2015-12-31 | Ikr17.55 Billion ≈ $143.10 Million |
-8.49% |
| 2014-12-31 | Ikr19.18 Billion ≈ $156.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vátryggingafélag Íslands 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 30.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Vátryggingafélag Íslands hf Net Assets Breakdown (December 2023)
Vátryggingafélag Íslands hf net assets breakdown by equity component as of December 2023.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Ikr11.66 Billion | 55.18% |
| Other Components | Ikr9.47 Billion | 44.82% |
| Total Equity | Ikr21.13 Billion | 100.00% |
Vátryggingafélag Íslands hf Competitors by Market Cap
The table below lists competitors of Vátryggingafélag Íslands hf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Humble Group AB
ST:HUMBLE
|
$283.38 Million |
|
Sight Sciences Inc
NASDAQ:SGHT
|
$283.39 Million |
|
FLAIR
NSE:FLAIR
|
$283.51 Million |
|
Putnam Municipal Opportunities Trust
NYSE:PMO
|
$283.58 Million |
|
Suzhou Mingzhi Technology Co. Ltd. A
SHG:688355
|
$283.14 Million |
|
Firm Capital Mortgage Invest Corp
TO:FC
|
$283.05 Million |
|
Tangshan Jidong Equipment Engineering Co Ltd
SHE:000856
|
$283.01 Million |
|
Shanghai Hile Bio-tech
SHG:603718
|
$283.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vátryggingafélag Íslands hf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 17,278,819,000 to 21,130,931,000, a change of 3,852,112,000 (22.3%).
- Net income of 1,846,832,000 contributed positively to equity growth.
- Dividend payments of 939,335,000 reduced retained earnings.
- Share repurchases of 352,385,000 reduced equity.
- Other factors increased equity by 3,297,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Ikr1.85 Billion | +8.74% |
| Dividends Paid | Ikr939.34 Million | -4.45% |
| Share Repurchases | Ikr352.38 Million | -1.67% |
| Other Changes | Ikr3.30 Billion | +15.6% |
| Total Change | Ikr- | 22.29% |
Book Value vs Market Value Analysis
This analysis compares Vátryggingafélag Íslands 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: 2.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Ikr7.81 | Ikr18.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vátryggingafélag Íslands 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): 8.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.00%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 3.10x
- Recent ROE (8.74%) is below the historical average (12.79%), 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 | 6.47% | 6.97% | 0.38x | 2.42x | Ikr-677.68 Million |
| 2015 | 11.83% | 10.21% | 0.45x | 2.56x | Ikr320.59 Million |
| 2016 | 8.91% | 7.42% | 0.42x | 2.83x | Ikr-177.66 Million |
| 2017 | 7.91% | 6.30% | 0.45x | 2.77x | Ikr-350.83 Million |
| 2018 | 13.82% | 8.39% | 0.52x | 3.16x | Ikr569.83 Million |
| 2019 | 16.63% | 9.65% | 0.52x | 3.31x | Ikr1.01 Billion |
| 2020 | 10.58% | 6.58% | 0.50x | 3.22x | Ikr98.77 Million |
| 2021 | 37.57% | 25.14% | 0.52x | 2.89x | Ikr5.64 Billion |
| 2022 | 5.44% | 3.80% | 0.44x | 3.28x | Ikr-787.83 Million |
| 2023 | 8.74% | 6.00% | 0.47x | 3.10x | Ikr-266.26 Million |
Industry Comparison
This section compares Vátryggingafélag Íslands hf's net assets metrics with peer companies in the same industry.
No peer company data available for comparison.
About Vátryggingafélag Íslands hf
Skagi hf. provides various insurance products and services in Iceland. The company offers property, marine and cargo, mandatory vehicle, other vehicle, general liability, accident and health, and life and health insurance, as well as foreign reinsurance products. It also provides family and home contents, travel, animal, bicycle, mountain sports and mountain hiking, golf, musical, special risk, a… Read more