Spectra Systems Corp Net Assets
Spectra Systems Corp net assets. Based on the latest financial reports, Spectra Systems Corp (SPSY) has net assets worth GBX51.36 Million GBX (≈ $6.25K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX72.37 Million ≈ $8.81K USD) and total liabilities (GBX21.01 Million ≈ $2.56K 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 net asset growth rate of Spectra Systems Corp to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX51.36 Million |
| % of Total Assets | 70.97% |
| Annual Growth Rate | 20.67% |
| 5-Year Change | 83.94% |
| 10-Year Change | 120.72% |
| Growth Volatility | 99.91 |
Net Assets of Spectra Systems Corp (2008–2025)
Net assets of Spectra Systems Corp from 2008 to 2025. This chart illustrates how Spectra Systems Corp's net assets have evolved over time, based on quarterly financial data. See Spectra Systems Corp balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Spectra Systems Corp (2008–2025)
The table below shows the annual net assets of Spectra Systems Corp from 2008 to 2025. For live market cap and overall valuation, see Spectra Systems Corp (SPSY) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX51.36 Million ≈ $6.25K |
+41.37% |
| 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 2389227740.0% over the analyzed period, indicating profitable operations and earnings retention.
Spectra Systems Corp Net Assets Breakdown (December 2025)
Spectra Systems Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX483.01K | 0.95% |
| Other Components | GBX57.82 Million | 113.79% |
| Total Equity | GBX50.81 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 |
|---|---|
|
Wellfully Ltd
AU:WFL
|
$1.05 Million |
|
BAKED GAMES SA ZY-10
F:4U6
|
$1.05 Million |
|
Bone Biologics Corp
NASDAQ:BBLG
|
$1.05 Million |
|
Robert Walters
LSE:RWA
|
$1.05 Million |
|
Semilux International Ltd. Ordinary Shares
NASDAQ:SELX
|
$1.04 Million |
|
POLAREAN IMAG.LS-00037
F:8ZF
|
$1.04 Million |
|
Rapid Nutrition PLC
PA:ALRPD
|
$1.04 Million |
|
Audioboom Group plc
LSE:BOOM
|
$1.04 Million |
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 2024 to 2025, total equity changed from 35,773,597 to 50,814,354, a change of 15,040,757 (42.0%).
- Net income of 20,055,897 contributed positively to equity growth.
- Dividend payments of 5,611,529 reduced retained earnings.
- Share repurchases of 36,000 reduced equity.
- Other factors increased equity by 632,389.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX20.06 Million | +39.47% |
| Dividends Paid | GBX5.61 Million | -11.04% |
| Share Repurchases | GBX36.00K | -0.07% |
| Other Changes | GBX632.39K | +1.24% |
| Total Change | GBX- | 42.04% |
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: 173.67x
- 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 1589.33x to 173.67x 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 | GBX180.00 | x |
| 2009-12-31 | GBX0.22 | GBX180.00 | x |
| 2010-12-31 | GBX0.25 | GBX180.00 | x |
| 2011-12-31 | GBX0.71 | GBX180.00 | x |
| 2012-12-31 | GBX0.46 | GBX180.00 | x |
| 2013-12-31 | GBX0.50 | GBX180.00 | x |
| 2014-12-31 | GBX0.49 | GBX180.00 | x |
| 2015-12-31 | GBX0.49 | GBX180.00 | x |
| 2016-12-31 | GBX0.51 | GBX180.00 | x |
| 2017-12-31 | GBX0.51 | GBX180.00 | x |
| 2018-12-31 | GBX0.53 | GBX180.00 | x |
| 2019-12-31 | GBX0.56 | GBX180.00 | x |
| 2020-12-31 | GBX0.57 | GBX180.00 | x |
| 2021-12-31 | GBX0.57 | GBX180.00 | x |
| 2022-12-31 | GBX0.59 | GBX180.00 | x |
| 2023-12-31 | GBX0.65 | GBX180.00 | x |
| 2024-12-31 | GBX0.73 | GBX180.00 | x |
| 2025-12-31 | GBX1.04 | GBX180.00 | 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): 39.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.20%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.42x
- Recent ROE (39.47%) is above the historical average (14.63%), 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 |
| 2025 | 39.47% | 31.20% | 0.89x | 1.42x | GBX14.97 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: $42,729,618
- Average return on equity (ROE) among peers: -0.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spectra Systems Corp (SPSY) | GBX51.36 Million | 31.93% | 0.41x | $1.05 Million |
| Accesso Technology Group PLC (ACSO) | $185.39 Million | 5.42% | 0.23x | $1.24 Million |
| AdvancedAdvT Ltd (ADVT) | $152.14 Million | 8.06% | 0.18x | $2.87 Million |
| AIQ Ltd (AIQ) | $-744.46K | 0.00% | 0.00x | $55.16K |
| Alfa Financial Software Holdings PLC (ALFA) | $43.40 Million | 44.24% | 0.94x | $6.02 Million |
| Altitude Group Plc (ALT) | $9.09 Million | -50.42% | 0.46x | $173.60K |
| Anemoi International Ltd (AMOI) | $4.88 Million | -16.88% | 0.13x | $24.84K |
| ActiveOps PLC (AOM) | $10.51 Million | 85.55% | 1.80x | $804.03K |
| Aptitude Software Group PLC (APTD) | $18.91 Million | 31.47% | 0.90x | $1.33 Million |
| Arcontech Group Plc (ARC) | $2.76 Million | -30.75% | 0.08x | $127.73K |
| Blackbird PLC (BIRD) | $967.00K | -85.52% | 0.10x | $230.82K |
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