Spirent Communications plc (SPT) - Net Assets
Latest as of June 2025: GBX396.90 Million GBX
Based on the latest financial reports, Spirent Communications plc (SPT) has net assets worth GBX396.90 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 (GBX596.50 Million) and total liabilities (GBX199.60 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 | GBX396.90 Million |
| % of Total Assets | 66.54% |
| Annual Growth Rate | 3.9% |
| 5-Year Change | -11.36% |
| 10-Year Change | -4.76% |
| Growth Volatility | 95.06 |
Spirent Communications plc - Net Assets Trend (1985–2024)
This chart illustrates how Spirent Communications plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spirent Communications plc (1985–2024)
The table below shows the annual net assets of Spirent Communications plc from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX392.50 Million | +4.44% |
| 2023-12-31 | GBX375.80 Million | -19.22% |
| 2022-12-31 | GBX465.20 Million | +3.96% |
| 2021-12-31 | GBX447.50 Million | +1.06% |
| 2020-12-31 | GBX442.80 Million | +10.07% |
| 2019-12-31 | GBX402.30 Million | +13.23% |
| 2018-12-31 | GBX355.30 Million | +0.34% |
| 2017-12-31 | GBX354.10 Million | +3.66% |
| 2016-12-31 | GBX341.60 Million | -17.11% |
| 2015-12-31 | GBX412.10 Million | -5.13% |
| 2014-12-31 | GBX434.40 Million | -3.98% |
| 2013-12-31 | GBX452.40 Million | -8.72% |
| 2012-12-31 | GBX495.60 Million | +17.39% |
| 2011-12-31 | GBX422.20 Million | +3.71% |
| 2010-12-31 | GBX407.10 Million | +15.22% |
| 2009-12-31 | GBX353.31 Million | +41.09% |
| 2008-12-31 | GBX250.41 Million | -10.57% |
| 2007-12-31 | GBX280.02 Million | -21.81% |
| 2006-12-31 | GBX358.14 Million | +70.33% |
| 2005-12-31 | GBX210.27 Million | -31.65% |
| 2004-12-31 | GBX307.66 Million | +9.53% |
| 2003-12-31 | GBX280.89 Million | +23.51% |
| 2002-12-31 | GBX227.43 Million | -85.73% |
| 2001-12-31 | GBX1.59 Billion | -41.96% |
| 2000-12-31 | GBX2.75 Billion | +567.73% |
| 1999-12-31 | GBX411.22 Million | +14.64% |
| 1998-12-31 | GBX358.70 Million | +30.79% |
| 1997-12-31 | GBX274.25 Million | -18.71% |
| 1996-12-31 | GBX337.37 Million | +14.06% |
| 1995-12-31 | GBX295.78 Million | +4.80% |
| 1994-12-31 | GBX282.23 Million | +102.58% |
| 1993-12-31 | GBX139.31 Million | -12.47% |
| 1992-12-31 | GBX159.17 Million | -37.02% |
| 1991-12-31 | GBX252.73 Million | +5.30% |
| 1990-12-31 | GBX240.01 Million | +8.96% |
| 1989-12-31 | GBX220.27 Million | -1.38% |
| 1988-12-31 | GBX223.35 Million | +11.42% |
| 1987-12-31 | GBX200.47 Million | +109.44% |
| 1986-12-31 | GBX95.72 Million | +8.59% |
| 1985-12-31 | GBX88.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spirent Communications 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 grown by 370.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX303.70 Million | 77.38% |
| Common Stock | GBX24.20 Million | 6.17% |
| Other Comprehensive Income | GBX39.30 Million | 10.01% |
| Other Components | GBX25.30 Million | 6.45% |
| Total Equity | GBX392.50 Million | 100.00% |
Spirent Communications plc Competitors by Market Cap
The table below lists competitors of Spirent Communications plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yorkton Equity Group Inc
V:YEG
|
$14.26 Million |
|
UniPharma Co., Ltd.
TWO:6621
|
$14.26 Million |
|
NFL BIOSCIENCES EO -03
F:82F
|
$14.26 Million |
|
TCS Group Holdings Bhd
KLSE:0221
|
$14.26 Million |
|
Cyclacel Pharmaceuticals Inc
NASDAQ:CYCC
|
$14.25 Million |
|
Greenridge Exploration Inc.
F:HW3
|
$14.24 Million |
|
Phio Pharmaceuticals Corp
NASDAQ:PHIO
|
$14.24 Million |
|
MedX Health Corp
V:MDX
|
$14.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spirent Communications plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 375,800,000 to 392,500,000, a change of 16,700,000 (4.4%).
- Net income of 12,900,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,900,000.
- Other factors increased equity by 5,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX12.90 Million | +3.29% |
| Other Comprehensive Income | GBX-1.90 Million | -0.48% |
| Other Changes | GBX5.70 Million | +1.45% |
| Total Change | GBX- | 4.44% |
Book Value vs Market Value Analysis
This analysis compares Spirent Communications 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: 293.57x
- 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 1024.75x to 293.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | GBX0.19 | GBX198.80 | x |
| 1986-12-31 | GBX0.21 | GBX198.80 | x |
| 1987-12-31 | GBX0.59 | GBX198.80 | x |
| 1988-12-31 | GBX0.42 | GBX198.80 | x |
| 1989-12-31 | GBX0.41 | GBX198.80 | x |
| 1990-12-31 | GBX0.44 | GBX198.80 | x |
| 1991-12-31 | GBX0.47 | GBX198.80 | x |
| 1992-12-31 | GBX0.27 | GBX198.80 | x |
| 1993-12-31 | GBX0.22 | GBX198.80 | x |
| 1994-12-31 | GBX0.42 | GBX198.80 | x |
| 1995-12-31 | GBX0.41 | GBX198.80 | x |
| 1996-12-31 | GBX0.46 | GBX198.80 | x |
| 1997-12-31 | GBX0.35 | GBX198.80 | x |
| 1998-12-31 | GBX0.45 | GBX198.80 | x |
| 1999-12-31 | GBX0.59 | GBX198.80 | x |
| 2000-12-31 | GBX3.88 | GBX198.80 | x |
| 2001-12-31 | GBX1.74 | GBX198.80 | x |
| 2002-12-31 | GBX0.24 | GBX198.80 | x |
| 2003-12-31 | GBX0.26 | GBX198.80 | x |
| 2004-12-31 | GBX0.37 | GBX198.80 | x |
| 2005-12-31 | GBX0.25 | GBX198.80 | x |
| 2006-12-31 | GBX0.43 | GBX198.80 | x |
| 2007-12-31 | GBX0.34 | GBX198.80 | x |
| 2008-12-31 | GBX0.34 | GBX198.80 | x |
| 2009-12-31 | GBX0.53 | GBX198.80 | x |
| 2010-12-31 | GBX0.60 | GBX198.80 | x |
| 2011-12-31 | GBX0.63 | GBX198.80 | x |
| 2012-12-31 | GBX0.75 | GBX198.80 | x |
| 2013-12-31 | GBX0.70 | GBX198.80 | x |
| 2014-12-31 | GBX0.71 | GBX198.80 | x |
| 2015-12-31 | GBX0.67 | GBX198.80 | x |
| 2016-12-31 | GBX0.56 | GBX198.80 | x |
| 2017-12-31 | GBX0.57 | GBX198.80 | x |
| 2018-12-31 | GBX0.58 | GBX198.80 | x |
| 2019-12-31 | GBX0.65 | GBX198.80 | x |
| 2020-12-31 | GBX0.72 | GBX198.80 | x |
| 2021-12-31 | GBX0.73 | GBX198.80 | x |
| 2022-12-31 | GBX0.76 | GBX198.80 | x |
| 2023-12-31 | GBX0.64 | GBX198.80 | x |
| 2024-12-31 | GBX0.68 | GBX198.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spirent Communications 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): 3.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.80%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.56x
- Recent ROE (3.29%) is above the historical average (-3.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 22.09% | 10.27% | 1.25x | 1.72x | GBX10.20 Million |
| 1986 | 26.12% | 10.94% | 1.31x | 1.82x | GBX14.52 Million |
| 1987 | 18.04% | 11.40% | 1.07x | 1.48x | GBX15.47 Million |
| 1988 | 20.08% | 12.94% | 0.96x | 1.62x | GBX21.61 Million |
| 1989 | 19.59% | 11.02% | 1.06x | 1.67x | GBX20.03 Million |
| 1990 | 19.38% | 9.29% | 1.13x | 1.84x | GBX21.07 Million |
| 1991 | 16.95% | 9.60% | 0.99x | 1.78x | GBX16.25 Million |
| 1992 | 26.76% | 9.16% | 1.23x | 2.38x | GBX23.09 Million |
| 1993 | 38.75% | 8.92% | 1.38x | 3.15x | GBX32.74 Million |
| 1994 | 23.01% | 8.83% | 1.20x | 2.17x | GBX32.60 Million |
| 1995 | 26.55% | 9.21% | 1.20x | 2.41x | GBX41.74 Million |
| 1996 | 24.08% | 7.72% | 1.42x | 2.20x | GBX40.58 Million |
| 1997 | 37.90% | 9.47% | 1.44x | 2.78x | GBX62.31 Million |
| 1998 | 30.13% | 9.17% | 1.38x | 2.39x | GBX59.77 Million |
| 1999 | 17.38% | 7.99% | 0.72x | 3.03x | GBX29.88 Million |
| 2000 | 2.76% | 7.28% | 0.29x | 1.32x | GBX-198.31 Million |
| 2001 | -69.76% | -95.22% | 0.54x | 1.36x | GBX-1.27 Billion |
| 2002 | -776.71% | -193.31% | 1.05x | 3.82x | GBX-1.76 Billion |
| 2003 | 11.34% | 2.92% | 1.21x | 3.22x | GBX2.87 Million |
| 2004 | 16.47% | 9.12% | 0.69x | 2.60x | GBX19.74 Million |
| 2005 | -20.70% | -9.60% | 0.64x | 3.35x | GBX-63.55 Million |
| 2006 | 59.52% | 42.02% | 0.90x | 1.58x | GBX177.35 Million |
| 2007 | 12.46% | 7.43% | 0.97x | 1.72x | GBX6.90 Million |
| 2008 | 43.74% | 29.00% | 0.98x | 1.53x | GBX84.50 Million |
| 2009 | 26.59% | 21.35% | 0.93x | 1.33x | GBX58.62 Million |
| 2010 | 19.43% | 16.40% | 0.89x | 1.34x | GBX38.39 Million |
| 2011 | 22.41% | 17.91% | 0.91x | 1.37x | GBX52.38 Million |
| 2012 | 25.52% | 26.78% | 0.72x | 1.32x | GBX76.94 Million |
| 2013 | 7.23% | 7.91% | 0.68x | 1.35x | GBX-12.54 Million |
| 2014 | 4.72% | 4.48% | 0.75x | 1.40x | GBX-22.93 Million |
| 2015 | 3.23% | 2.79% | 0.81x | 1.44x | GBX-27.88 Million |
| 2016 | -12.38% | -9.24% | 0.90x | 1.49x | GBX-76.46 Million |
| 2017 | 8.19% | 6.38% | 0.88x | 1.46x | GBX-6.41 Million |
| 2018 | 15.71% | 11.70% | 0.93x | 1.44x | GBX20.27 Million |
| 2019 | 19.39% | 15.49% | 0.83x | 1.50x | GBX37.77 Million |
| 2020 | 19.06% | 16.16% | 0.80x | 1.47x | GBX40.12 Million |
| 2021 | 19.93% | 15.49% | 0.83x | 1.54x | GBX44.45 Million |
| 2022 | 21.47% | 16.44% | 0.86x | 1.52x | GBX53.38 Million |
| 2023 | 6.71% | 5.31% | 0.81x | 1.55x | GBX-12.38 Million |
| 2024 | 3.29% | 2.80% | 0.75x | 1.56x | GBX-26.35 Million |
Industry Comparison
This section compares Spirent Communications plc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $41,629,793
- Average return on equity (ROE) among peers: -201.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spirent Communications plc (SPT) | GBX396.90 Million | 22.09% | 0.50x | $14.25 Million |
| Bango plc (BGO) | $6.06 Million | 0.25% | 1.05x | $655.69K |
| Beeks Trading Corporation Ltd (BKS) | $-375.00K | 0.00% | 0.00x | $1.42 Million |
| Boku Inc (BOKU) | $71.75 Million | -26.18% | 2.14x | $6.35 Million |
| Bytes Technology Ltd (BYIT) | $52.78 Million | 45.77% | 2.55x | $9.11 Million |
| Cloudcoco Group PLC (CLCO) | $402.00K | -311.44% | 6.03x | $17.61K |
| Corero Network Security plc (CNS) | $2.09 Million | -141.93% | 3.26x | $778.95K |
| Catenai PLC (CTAI) | $-462.39K | 0.00% | 0.00x | $47.98K |
| Cykel AI PLC (CYK) | $-958.90K | 0.00% | 0.00x | $38.67K |
| W.A.G payment solutions plc (EWG) | $284.75 Million | 3.21% | 1.82x | $1.47 |
| Finseta Plc (FIN) | $258.62K | -1586.76% | 4.57x | $65.23K |
About Spirent Communications plc
LSE:SPT
UK
Software - Infrastructure
Market Cap
$14.25 Million
GBX117.13 Billion GBX
Market Cap Rank
#29220 Global
#531 in UK
Share Price
GBX198.80
Change (1 day)
+0.00%
52-Week Range
GBX177.40 - GBX198.80
All Time High
GBX280.80
About
As of October 15, 2025, operates as a subsidiary of Keysight Technologies, Inc..