Northcoders Group PLC (CODE) - Net Assets
Based on the latest financial reports, Northcoders Group PLC (CODE) has net assets worth GBX5.41 Million GBX (≈ $657.65 USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX7.80 Million ≈ $949.58 USD) and total liabilities (GBX2.40 Million ≈ $291.93 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. Read CODE total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX5.41 Million |
| % of Total Assets | 69.26% |
| Annual Growth Rate | 96.06% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 182.34 |
Northcoders Group PLC - Net Assets Trend (2018–2024)
This chart illustrates how Northcoders Group PLC's net assets have evolved over time, based on quarterly financial data. Also explore CODE current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Northcoders Group PLC (2018–2024)
The table below shows the annual net assets of Northcoders Group PLC from 2018 to 2024. For live valuation and market cap data, see CODE stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX5.31 Million ≈ $646.34 |
+10.27% |
| 2023-12-31 | GBX4.82 Million ≈ $586.16 |
+3.79% |
| 2022-12-31 | GBX4.64 Million ≈ $564.76 |
+115.67% |
| 2021-12-31 | GBX2.15 Million ≈ $261.86 |
+499.83% |
| 2020-12-31 | GBX-538.27K ≈ $-65.49 |
-234.55% |
| 2019-12-31 | GBX400.06K ≈ $48.68 |
+328.19% |
| 2018-12-31 | GBX93.43K ≈ $11.37 |
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Equity Component Analysis
This analysis shows how different components contribute to Northcoders Group PLC'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 79394400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX80.11K | 1.51% |
| Other Comprehensive Income | GBX371.66K | 7.00% |
| Other Components | GBX5.75 Million | 108.21% |
| Total Equity | GBX5.31 Million | 100.00% |
Northcoders Group PLC Competitors by Market Cap
The table below lists competitors of Northcoders Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Platinum Industries Ltd
NSE:PLATIND
|
$24.86K |
|
Chill Brands Group PLC
LSE:CHLL
|
$25.45K |
|
PHILION SE O.N.
F:PH6
|
$25.72K |
|
Keras Resources PLC
LSE:KRS
|
$25.77K |
|
IQ-AI Ltd
LSE:IQAI
|
$24.76K |
|
Foresight VCT PLC
LSE:FTV
|
$23.99K |
|
Selcuk Gida Endustri Ihracat Ithalat AS
IS:SELGD
|
$23.67K |
|
AMUR MINERALS (A7L.SG)
STU:A7L
|
$23.63K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northcoders Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,817,619 to 5,312,174, a change of 494,555 (10.3%).
- Net income of 388,855 contributed positively to equity growth.
- Other comprehensive income decreased equity by 976,825.
- Other factors increased equity by 1,082,525.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX388.86K | +7.32% |
| Other Comprehensive Income | GBX-976.83K | -18.39% |
| Other Changes | GBX1.08 Million | +20.38% |
| Total Change | GBX- | 10.27% |
Book Value vs Market Value Analysis
This analysis compares Northcoders Group PLC'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: 38.49x
- 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 1895.36x to 38.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | GBX0.01 | GBX25.50 | x |
| 2019-12-31 | GBX0.06 | GBX25.50 | x |
| 2020-12-31 | GBX-0.08 | GBX25.50 | x |
| 2021-12-31 | GBX0.31 | GBX25.50 | x |
| 2022-12-31 | GBX0.65 | GBX25.50 | x |
| 2023-12-31 | GBX0.60 | GBX25.50 | x |
| 2024-12-31 | GBX0.66 | GBX25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northcoders Group PLC 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): 7.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.41%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 1.32x
- Recent ROE (7.32%) is below the historical average (17.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 38.52% | 3.23% | 1.25x | 9.54x | GBX26.65K |
| 2019 | 106.82% | 20.88% | 1.49x | 3.44x | GBX387.34K |
| 2020 | 0.00% | -69.95% | 0.74x | 0.00x | GBX-884.51K |
| 2021 | -16.64% | -11.90% | 0.68x | 2.04x | GBX-573.34K |
| 2022 | 7.75% | 6.42% | 0.76x | 1.58x | GBX-104.64K |
| 2023 | -20.90% | -14.18% | 0.98x | 1.51x | GBX-1.49 Million |
| 2024 | 7.32% | 4.41% | 1.26x | 1.32x | GBX-142.36K |
Industry Comparison
This section compares Northcoders Group PLC's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $5,268,000
- Average return on equity (ROE) among peers: 15.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northcoders Group PLC (CODE) | GBX5.41 Million | 38.52% | 0.44x | $24.86K |
| Malvern International (MLVN) | $3.92 Million | 14.36% | 0.71x | $78.51K |
| Wilmington PLC (WIL) | $6.62 Million | 16.63% | 1.91x | $2.59 Million |
About Northcoders Group PLC
Northcoders Group PLC provides training programs for software coding to individual and corporate customers in the United Kingdom. The company offers bootcamp training courses for software development, data engineering, cloud engineering, AI and machine learning, and corporate academies; and consultancy services. The company was founded in 2015 and is based in Manchester, the United Kingdom.