B92
B90 Holdings PLC, together with its subsidiaries, operates online sportsbook and casino products in the Isle of Man. It also engages in generating marketing leads and marketing contracts for the activities of partners in online sports betting and casinos games under Oddsen.nu, Bet90, and Tippen4you.com brand names. The company was formerly known as Veltyco Group PLC and changed its name to B90 Ho… Read more
B92 (B90) - Net Assets
Latest net assets as of June 2025: GBX6.64 Million GBX
Based on the latest financial reports, B92 (B90) has net assets worth GBX6.64 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX8.21 Million) and total liabilities (GBX1.56 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 | GBX6.64 Million |
| % of Total Assets | 80.96% |
| Annual Growth Rate | 27.36% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 232.49 |
B92 - Net Assets Trend (2010–2024)
This chart illustrates how B92's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for B92 (2010–2024)
The table below shows the annual net assets of B92 from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX6.62 Million | -17.69% |
| 2023-12-31 | GBX8.04 Million | +171.34% |
| 2022-12-31 | GBX2.96 Million | -19.41% |
| 2021-12-31 | GBX3.68 Million | +173.20% |
| 2020-12-31 | GBX-5.02 Million | -103.91% |
| 2019-12-31 | GBX-2.46 Million | -251.66% |
| 2018-12-31 | GBX1.62 Million | -90.85% |
| 2017-12-31 | GBX17.75 Million | +155.62% |
| 2016-12-31 | GBX6.94 Million | +638.25% |
| 2015-12-31 | GBX-1.29 Million | +33.54% |
| 2014-12-31 | GBX-1.94 Million | -554.38% |
| 2013-12-31 | GBX427.19K | +191.58% |
| 2012-12-31 | GBX-466.48K | -421.69% |
| 2011-12-31 | GBX145.01K | -35.20% |
| 2010-12-31 | GBX223.78K | -- |
Equity Component Analysis
This analysis shows how different components contribute to B92'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 2845802000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | GBX35.12 Million | 530.90% |
| Total Equity | GBX6.62 Million | 100.00% |
B92 Competitors by Market Cap
The table below lists competitors of B92 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RDC PROPERTIES LIMITED
XBOT:RDCP-EQU
|
$1.80K |
|
KONGSB AUTOM HOLD
BE:K3A
|
$1.80K |
|
Chess Depositary Interests 1:1 Deferred Settlement
AU:EMNDA
|
$1.80K |
|
ENCOUNTER RESOURCES
BE:E6H
|
$1.80K |
|
PlantFuel Life Inc
PINK:PLFLF
|
$1.80K |
|
Adagio 2 Capital Inc.
V:ADAD-P
|
$1.79K |
|
SAFETY MEDICAL PROD
BE:S8M
|
$1.79K |
|
Bon-Ton Stores Inc
PINK:BONTQ
|
$1.79K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in B92's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,037,393 to 6,615,821, a change of -1,421,572 (-17.7%).
- Net loss of 1,701,414 reduced equity.
- New share issuances of 15,073 increased equity.
- Other factors increased equity by 264,769.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.70 Million | -25.72% |
| Share Issuances | GBX15.07K | +0.23% |
| Other Changes | GBX264.77K | +4.0% |
| Total Change | GBX- | -17.69% |
Book Value vs Market Value Analysis
This analysis compares B92'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: 212.72x
- 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 increased from 83.93x to 212.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | GBX0.04 | GBX3.20 | x |
| 2011-12-31 | GBX0.02 | GBX3.20 | x |
| 2012-12-31 | GBX-0.08 | GBX3.20 | x |
| 2013-12-31 | GBX0.08 | GBX3.20 | x |
| 2014-12-31 | GBX-0.28 | GBX3.20 | x |
| 2015-12-31 | GBX-0.03 | GBX3.20 | x |
| 2016-12-31 | GBX0.13 | GBX3.20 | x |
| 2017-12-31 | GBX0.23 | GBX3.20 | x |
| 2018-12-31 | GBX0.04 | GBX3.20 | x |
| 2019-12-31 | GBX0.00 | GBX3.20 | x |
| 2020-12-31 | GBX-0.05 | GBX3.20 | x |
| 2021-12-31 | GBX0.02 | GBX3.20 | x |
| 2022-12-31 | GBX0.01 | GBX3.20 | x |
| 2023-12-31 | GBX0.02 | GBX3.20 | x |
| 2024-12-31 | GBX0.02 | GBX3.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently B92 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): -25.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -48.31%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.23x
- Recent ROE (-25.72%) is above the historical average (-256.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -22.22% | 0.00% | 0.00x | 1.44x | GBX-72.10K |
| 2011 | -1081.98% | -2811.43% | 0.05x | 8.15x | GBX-1.58 Million |
| 2012 | 0.00% | -3785.50% | 0.04x | 0.00x | GBX-1.80 Million |
| 2013 | -735.12% | -1641.02% | 0.13x | 3.32x | GBX-3.18 Million |
| 2014 | 0.00% | -153.47% | 21.56x | 0.00x | GBX-4.17 Million |
| 2015 | 0.00% | 19.60% | 25.31x | 0.00x | GBX640.33K |
| 2016 | 0.30% | 0.34% | 0.76x | 1.15x | GBX-673.78K |
| 2017 | 38.59% | 41.86% | 0.78x | 1.19x | GBX5.02 Million |
| 2018 | -500.00% | -151.14% | 2.12x | 1.56x | GBX-15.48 Million |
| 2019 | -1209.76% | -403.41% | 0.48x | 6.26x | GBX-4.33 Million |
| 2020 | 0.00% | -308.67% | 0.42x | 0.00x | GBX-2.00 Million |
| 2021 | -94.28% | -421.89% | 0.09x | 2.46x | GBX-3.86 Million |
| 2022 | -144.10% | -199.62% | 0.30x | 2.40x | GBX-4.56 Million |
| 2023 | -68.06% | -180.83% | 0.29x | 1.31x | GBX-6.27 Million |
| 2024 | -25.72% | -48.31% | 0.43x | 1.23x | GBX-2.36 Million |
Industry Comparison
This section compares B92's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $157,466,706
- Average return on equity (ROE) among peers: 19.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| B92 (B90) | GBX6.64 Million | -22.22% | 0.24x | $1.80K |
| Catalyst Media Group PLC (CMX) | $11.87 Million | -25.89% | 1.69x | $1.28K |
| EVOKE PLC (EVOK) | $124.40 Million | 40.11% | 2.22x | $14.07K |
| Rank Group PLC (RNK) | $491.90 Million | 14.27% | 0.90x | $52.15K |
| Webis Holdings plc (WEB) | $1.69 Million | 48.70% | 3.94x | $35.89 |