Tap Global Group Plc (TAP) - Net Assets
Based on the latest financial reports, Tap Global Group Plc (TAP) has net assets worth GBX2.43 Million GBX (≈ $296.02 USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX4.22 Million ≈ $513.45 USD) and total liabilities (GBX1.79 Million ≈ $217.43 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. See TAP equity financing ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.43 Million |
| % of Total Assets | 57.65% |
| Annual Growth Rate | 23.61% |
| 5-Year Change | -9.85% |
| 10-Year Change | -93.27% |
| Growth Volatility | 2152.76 |
Tap Global Group Plc - Net Assets Trend (2011–2025)
This chart illustrates how Tap Global Group Plc's net assets have evolved over time, based on quarterly financial data. Also explore TAP net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Net Assets for Tap Global Group Plc (2011–2025)
The table below shows the annual net assets of Tap Global Group Plc from 2011 to 2025. For live market cap and overall valuation, see Tap Global Group Plc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX2.85 Million ≈ $346.60 |
-61.98% |
| 2024-06-30 | GBX7.49 Million ≈ $911.72 |
-70.82% |
| 2023-06-30 | GBX25.68 Million ≈ $3.12K |
+798.36% |
| 2022-06-30 | GBX2.86 Million ≈ $347.84 |
-9.53% |
| 2021-06-30 | GBX3.16 Million ≈ $384.48 |
-97.46% |
| 2018-12-31 | GBX124.27 Million ≈ $15.12K |
+91.42% |
| 2017-12-31 | GBX64.92 Million ≈ $7.90K |
+27.98% |
| 2016-12-31 | GBX50.72 Million ≈ $6.17K |
+12.03% |
| 2015-12-31 | GBX45.28 Million ≈ $5.51K |
+6.96% |
| 2014-12-31 | GBX42.33 Million ≈ $5.15K |
+7827.34% |
| 2013-12-31 | GBX534.00K ≈ $64.97 |
+6.80% |
| 2012-12-31 | GBX500.00K ≈ $60.84 |
+206.75% |
| 2011-12-31 | GBX163.00K ≈ $19.83 |
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Equity Component Analysis
This analysis shows how different components contribute to Tap Global 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 18490.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | GBX31.35 Million | 1100.63% |
| Total Equity | GBX2.85 Million | 100.00% |
Tap Global Group Plc Competitors by Market Cap
The table below lists competitors of Tap Global Group Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Panamax AG
F:ICP
|
$108.91K |
|
Tern Plc
LSE:TERN
|
$109.15K |
|
Tavistock Investments Plc
LSE:TAVI
|
$109.98K |
|
Caerus Mineral Resources PLC
LSE:CMRS
|
$110.00K |
|
Hydrogenone Capital Growth PLC
LSE:HGEN
|
$108.15K |
|
Frontier IP Group Plc
LSE:FIPP
|
$108.14K |
|
Velocity Composites plc
LSE:VEL
|
$108.09K |
|
NB Distressed Debt New Glb
LSE:NBDG
|
$107.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tap Global Group Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,493,288 to 2,848,703, a change of -4,644,585 (-62.0%).
- Net loss of 5,714,402 reduced equity.
- New share issuances of 952,000 increased equity.
- Other factors increased equity by 117,817.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-5.71 Million | -200.6% |
| Share Issuances | GBX952.00K | +33.42% |
| Other Changes | GBX117.82K | +4.14% |
| Total Change | GBX- | -61.98% |
Book Value vs Market Value Analysis
This analysis compares Tap Global 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: 313.16x
- 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 65.01x to 313.16x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | GBX0.02 | GBX1.20 | x |
| 2022-06-30 | GBX0.02 | GBX1.20 | x |
| 2023-06-30 | GBX0.04 | GBX1.20 | x |
| 2024-06-30 | GBX0.01 | GBX1.20 | x |
| 2025-06-30 | GBX0.00 | GBX1.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tap Global 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): -200.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -164.24%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.71x
- Recent ROE (-200.60%) is below the historical average (-92.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -2.28% | 0.00% | 0.00x | 1.01x | GBX-387.92K |
| 2022 | -10.71% | -612.33% | 0.02x | 1.05x | GBX-592.05K |
| 2023 | -4.18% | -53.30% | 0.07x | 1.05x | GBX-3.64 Million |
| 2024 | -242.74% | -687.29% | 0.29x | 1.21x | GBX-18.94 Million |
| 2025 | -200.60% | -164.24% | 0.72x | 1.71x | GBX-6.00 Million |
Industry Comparison
This section compares Tap Global Group Plc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $45,775,555
- Average return on equity (ROE) among peers: -27.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tap Global Group Plc (TAP) | GBX2.43 Million | -2.28% | 0.73x | $108.72K |
| Accesso Technology Group PLC (ACSO) | $183.19 Million | 12.02% | 0.25x | $1.20 Million |
| AdvancedAdvT Ltd (ADVT) | $152.14 Million | 8.06% | 0.18x | $2.99 Million |
| AIQ Ltd (AIQ) | $685.74K | -174.25% | 0.61x | $47.28K |
| Alfa Financial Software Holdings PLC (ALFA) | $43.40 Million | 44.24% | 0.94x | $5.79 Million |
| Altitude Group Plc (ALT) | $7.79 Million | -15.74% | 0.42x | $182.51K |
| Anemoi International Ltd (AMOI) | $3.54 Million | -13.07% | 0.07x | $25.80K |
| ActiveOps PLC (AOM) | $-117.15K | 0.00% | 0.00x | $1.96 Million |
| Aptitude Software Group PLC (APTD) | $59.98 Million | 12.09% | 0.36x | $1.61 Million |
| Arcontech Group Plc (ARC) | $1.37 Million | -83.28% | 0.32x | $134.23K |
| Blackbird PLC (BIRD) | $5.78 Million | -62.13% | 0.09x | $105.18K |
About Tap Global Group Plc
Tap Global Group Plc, together with its subsidiaries, provides application and trading platform for crypto currencies in the United Kingdom and internationally. The company was formerly known as Quetzal Capital PLC. Tap Global Group Plc was founded in 2019 and is based in London, the United Kingdom.