Spectra Systems Corp (SPSY) - Net Assets
Based on the latest financial reports, Spectra Systems Corp (SPSY) has net assets worth GBX41.51 Million GBX (≈ $5.05K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX64.24 Million ≈ $7.82K USD) and total liabilities (GBX22.73 Million ≈ $2.77K 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. Check Spectra Systems Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX41.51 Million |
| % of Total Assets | 64.61% |
| Annual Growth Rate | 19.48% |
| 5-Year Change | 28.72% |
| 10-Year Change | 64.87% |
| Growth Volatility | 102.98 |
Spectra Systems Corp - Net Assets Trend (2008–2024)
This chart illustrates how Spectra Systems Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Spectra Systems Corp for the complete picture of this company's asset base.
Annual Net Assets for Spectra Systems Corp (2008–2024)
The table below shows the annual net assets of Spectra Systems Corp from 2008 to 2024. For live valuation and market cap data, see Spectra Systems Corp (SPSY) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX36.33 Million ≈ $4.42K |
+13.12% |
| 2023-12-31 | GBX32.11 Million ≈ $3.91K |
+13.39% |
| 2022-12-31 | GBX28.32 Million ≈ $3.45K |
+1.44% |
| 2021-12-31 | GBX27.92 Million ≈ $3.40K |
-1.07% |
| 2020-12-31 | GBX28.22 Million ≈ $3.43K |
+4.10% |
| 2019-12-31 | GBX27.11 Million ≈ $3.30K |
+4.77% |
| 2018-12-31 | GBX25.88 Million ≈ $3.15K |
+5.83% |
| 2017-12-31 | GBX24.45 Million ≈ $2.98K |
+5.08% |
| 2016-12-31 | GBX23.27 Million ≈ $2.83K |
+5.60% |
| 2015-12-31 | GBX22.03 Million ≈ $2.68K |
+0.15% |
| 2014-12-31 | GBX22.00 Million ≈ $2.68K |
-3.08% |
| 2013-12-31 | GBX22.70 Million ≈ $2.76K |
-4.79% |
| 2012-12-31 | GBX23.84 Million ≈ $2.90K |
-2.83% |
| 2011-12-31 | GBX24.54 Million ≈ $2.99K |
+425.17% |
| 2010-12-31 | GBX4.67 Million ≈ $568.45 |
+14.26% |
| 2009-12-31 | GBX4.09 Million ≈ $497.53 |
+94.20% |
| 2008-12-31 | GBX2.11 Million ≈ $256.20 |
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Equity Component Analysis
This analysis shows how different components contribute to Spectra Systems Corp'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 944791140.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX482.41K | 1.35% |
| Other Components | GBX57.23 Million | 159.97% |
| Total Equity | GBX35.77 Million | 100.00% |
Spectra Systems Corp Competitors by Market Cap
The table below lists competitors of Spectra Systems Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Teras Resources Inc
V:TRA
|
$908.19K |
|
Geneuro SA
PA:GNRO
|
$911.56K |
|
Streamline Health Solutions Inc
NASDAQ:STRM
|
$914.77K |
|
Aker Horizons AS
OL:AKH
|
$915.32K |
|
River and Mercantile UK Micro Cap Investment Company Ltd
LSE:RMMC
|
$903.48K |
|
Acutus Medical Inc
NASDAQ:AFIB
|
$903.35K |
|
Ampli SA w upadlosci ukladowej
WAR:APL
|
$903.25K |
|
Awareness Group
NASDAQ:TAAG
|
$900.09K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spectra Systems Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,540,850 to 35,773,597, a change of 4,232,747 (13.4%).
- Net income of 8,520,045 contributed positively to equity growth.
- Dividend payments of 5,594,562 reduced retained earnings.
- Other factors increased equity by 1,307,264.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX8.52 Million | +23.82% |
| Dividends Paid | GBX5.59 Million | -15.64% |
| Other Changes | GBX1.31 Million | +3.65% |
| Total Change | GBX- | 13.42% |
Book Value vs Market Value Analysis
This analysis compares Spectra Systems Corp'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: 213.50x
- 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 1377.42x to 213.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | GBX0.11 | GBX156.00 | x |
| 2009-12-31 | GBX0.22 | GBX156.00 | x |
| 2010-12-31 | GBX0.25 | GBX156.00 | x |
| 2011-12-31 | GBX0.71 | GBX156.00 | x |
| 2012-12-31 | GBX0.46 | GBX156.00 | x |
| 2013-12-31 | GBX0.50 | GBX156.00 | x |
| 2014-12-31 | GBX0.49 | GBX156.00 | x |
| 2015-12-31 | GBX0.49 | GBX156.00 | x |
| 2016-12-31 | GBX0.51 | GBX156.00 | x |
| 2017-12-31 | GBX0.51 | GBX156.00 | x |
| 2018-12-31 | GBX0.53 | GBX156.00 | x |
| 2019-12-31 | GBX0.56 | GBX156.00 | x |
| 2020-12-31 | GBX0.57 | GBX156.00 | x |
| 2021-12-31 | GBX0.57 | GBX156.00 | x |
| 2022-12-31 | GBX0.59 | GBX156.00 | x |
| 2023-12-31 | GBX0.65 | GBX156.00 | x |
| 2024-12-31 | GBX0.73 | GBX156.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spectra Systems Corp 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): 23.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.32%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.70x
- Recent ROE (23.82%) is above the historical average (13.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 31.93% | 9.60% | 1.27x | 2.62x | GBX461.67K |
| 2009 | 37.92% | 20.88% | 0.97x | 1.87x | GBX1.14 Million |
| 2010 | 7.81% | 5.01% | 1.01x | 1.54x | GBX-102.40K |
| 2011 | -0.57% | -1.89% | 0.26x | 1.15x | GBX-2.59 Million |
| 2012 | -5.22% | -13.27% | 0.33x | 1.21x | GBX-3.63 Million |
| 2013 | -5.54% | -10.87% | 0.40x | 1.27x | GBX-3.53 Million |
| 2014 | 4.74% | 6.17% | 0.64x | 1.20x | GBX-1.16 Million |
| 2015 | 0.16% | 0.25% | 0.53x | 1.21x | GBX-2.17 Million |
| 2016 | 4.89% | 10.24% | 0.42x | 1.14x | GBX-1.19 Million |
| 2017 | 13.41% | 26.95% | 0.44x | 1.13x | GBX834.80K |
| 2018 | 15.67% | 32.46% | 0.44x | 1.09x | GBX1.47 Million |
| 2019 | 15.99% | 32.76% | 0.42x | 1.16x | GBX1.62 Million |
| 2020 | 18.65% | 34.92% | 0.45x | 1.20x | GBX2.38 Million |
| 2021 | 18.93% | 31.12% | 0.50x | 1.22x | GBX2.43 Million |
| 2022 | 22.17% | 31.32% | 0.52x | 1.37x | GBX3.37 Million |
| 2023 | 19.17% | 29.81% | 0.34x | 1.91x | GBX2.89 Million |
| 2024 | 23.82% | 17.32% | 0.81x | 1.70x | GBX4.94 Million |
Industry Comparison
This section compares Spectra Systems Corp's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $18,614,840
- Average return on equity (ROE) among peers: 1.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spectra Systems Corp (SPSY) | GBX41.51 Million | 31.93% | 0.55x | $906.11K |
| Accesso Technology Group PLC (ACSO) | $19.82 Million | 20.40% | 0.08x | $1.23 Million |
| AdvancedAdvT Ltd (ADVT) | $121.66 Million | -6.34% | 0.01x | $2.64 Million |
| AIQ Ltd (AIQ) | $685.74K | -174.25% | 0.61x | $51.22K |
| Alfa Financial Software Holdings PLC (ALFA) | $43.40 Million | 44.24% | 0.94x | $5.45 Million |
| Altitude Group Plc (ALT) | $4.98 Million | 10.13% | 0.78x | $192.30K |
| Anemoi International Ltd (AMOI) | $3.54 Million | -13.07% | 0.07x | $28.66K |
| ActiveOps PLC (AOM) | $10.51 Million | 85.55% | 1.80x | $1.76 Million |
| Aptitude Software Group PLC (APTD) | $14.56 Million | 23.98% | 1.52x | $1.52 Million |
| Arcontech Group Plc (ARC) | $5.70 Million | 21.35% | 0.41x | $126.10K |
| Auction Technology Group PLC (ATG) | $-38.71 Million | 0.00% | 0.00x | $5.12 Million |
About Spectra Systems Corp
Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally. It operates through four segments: Authentication Systems, Secure Transactions, Security Printing, and Banknote Cleaning. It offers integrated solutions, including a system of taggant materials and sensor equipment to authenticate banknotes and security documents; and bank… Read more