XP Power Ltd (XPP) - Net Assets
Based on the latest financial reports, XP Power Ltd (XPP) has net assets worth GBX172.60 Million GBX (≈ $21.00K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX423.70 Million ≈ $51.55K USD) and total liabilities (GBX251.10 Million ≈ $30.55K 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 XPP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX172.60 Million |
| % of Total Assets | 40.74% |
| Annual Growth Rate | 6.87% |
| 5-Year Change | 0.12% |
| 10-Year Change | 61.46% |
| Growth Volatility | 12.61 |
XP Power Ltd - Net Assets Trend (2000–2025)
This chart illustrates how XP Power Ltd's net assets have evolved over time, based on quarterly financial data. See XPP cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for XP Power Ltd (2000–2025)
The table below shows the annual net assets of XP Power Ltd from 2000 to 2025. For live valuation and market cap data, see XPP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX172.60 Million ≈ $21.00K |
+18.30% |
| 2024-12-31 | GBX145.90 Million ≈ $17.75K |
-6.05% |
| 2023-12-31 | GBX155.30 Million ≈ $18.90K |
+11.33% |
| 2022-12-31 | GBX139.50 Million ≈ $16.97K |
-19.08% |
| 2021-12-31 | GBX172.40 Million ≈ $20.98K |
+4.80% |
| 2020-12-31 | GBX164.50 Million ≈ $20.01K |
+18.43% |
| 2019-12-31 | GBX138.90 Million ≈ $16.90K |
+1.09% |
| 2018-12-31 | GBX137.40 Million ≈ $16.72K |
+17.54% |
| 2017-12-31 | GBX116.90 Million ≈ $14.22K |
+9.35% |
| 2016-12-31 | GBX106.90 Million ≈ $13.01K |
+19.98% |
| 2015-12-31 | GBX89.10 Million ≈ $10.84K |
+10.96% |
| 2014-12-31 | GBX80.30 Million ≈ $9.77K |
+15.71% |
| 2013-12-31 | GBX69.40 Million ≈ $8.44K |
+13.21% |
| 2012-12-31 | GBX61.30 Million ≈ $7.46K |
+9.86% |
| 2011-12-31 | GBX55.80 Million ≈ $6.79K |
+30.37% |
| 2010-12-31 | GBX42.80 Million ≈ $5.21K |
+31.69% |
| 2009-12-31 | GBX32.50 Million ≈ $3.95K |
+12.07% |
| 2008-12-31 | GBX29.00 Million ≈ $3.53K |
-2.68% |
| 2007-12-31 | GBX29.80 Million ≈ $3.63K |
+1.36% |
| 2006-12-31 | GBX29.40 Million ≈ $3.58K |
+8.09% |
| 2005-12-31 | GBX27.20 Million ≈ $3.31K |
+16.74% |
| 2004-12-31 | GBX23.30 Million ≈ $2.83K |
-11.74% |
| 2003-12-31 | GBX26.40 Million ≈ $3.21K |
-11.11% |
| 2002-12-31 | GBX29.70 Million ≈ $3.61K |
-8.90% |
| 2001-12-31 | GBX32.60 Million ≈ $3.97K |
-0.61% |
| 2000-12-31 | GBX32.80 Million ≈ $3.99K |
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Equity Component Analysis
This analysis shows how different components contribute to XP Power Ltd'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 890.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX53.50 Million | 31.09% |
| Common Stock | GBX110.80 Million | 64.38% |
| Other Comprehensive Income | GBX-2.30 Million | -1.34% |
| Other Components | GBX10.10 Million | 5.87% |
| Total Equity | GBX172.10 Million | 100.00% |
XP Power Ltd Competitors by Market Cap
The table below lists competitors of XP Power Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eddy Smart Home Solutions Ltd
V:EDY
|
$6.65 Million |
|
Totally Hip Technologies Inc
V:THP
|
$6.65 Million |
|
International Personal Finance PLC
LSE:IPF
|
$6.65 Million |
|
ALTECH ADV.MAT. NA O.N.
F:AMA
|
$6.66 Million |
|
Silynxcom Ltd.
NYSE MKT:SYNX
|
$6.63 Million |
|
Provaris Energy Ltd
AU:PV1
|
$6.63 Million |
|
Aeris Environmental Ltd
AU:AEI
|
$6.63 Million |
|
La Savonnerie de Nyons SA
PA:MLSDN
|
$6.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XP Power Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 145,300,000 to 172,100,000, a change of 26,800,000 (18.4%).
- Net loss of 11,400,000 reduced equity.
- Dividend payments of 100,000 reduced retained earnings.
- New share issuances of 39,600,000 increased equity.
- Other comprehensive income decreased equity by 11,600,000.
- Other factors increased equity by 10,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-11.40 Million | -6.62% |
| Dividends Paid | GBX100.00K | -0.06% |
| Share Issuances | GBX39.60 Million | +23.01% |
| Other Comprehensive Income | GBX-11.60 Million | -6.74% |
| Other Changes | GBX10.30 Million | +5.98% |
| Total Change | GBX- | 18.44% |
Book Value vs Market Value Analysis
This analysis compares XP Power Ltd'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: 306.99x
- 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 1252.09x to 306.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | GBX1.56 | GBX1948.00 | x |
| 2007-12-31 | GBX1.55 | GBX1948.00 | x |
| 2008-12-31 | GBX1.52 | GBX1948.00 | x |
| 2009-12-31 | GBX1.71 | GBX1948.00 | x |
| 2010-12-31 | GBX2.24 | GBX1948.00 | x |
| 2011-12-31 | GBX2.91 | GBX1948.00 | x |
| 2012-12-31 | GBX3.21 | GBX1948.00 | x |
| 2013-12-31 | GBX3.61 | GBX1948.00 | x |
| 2014-12-31 | GBX4.18 | GBX1948.00 | x |
| 2015-12-31 | GBX4.61 | GBX1948.00 | x |
| 2016-12-31 | GBX5.54 | GBX1948.00 | x |
| 2017-12-31 | GBX5.98 | GBX1948.00 | x |
| 2018-12-31 | GBX6.99 | GBX1948.00 | x |
| 2019-12-31 | GBX7.08 | GBX1948.00 | x |
| 2020-12-31 | GBX8.33 | GBX1948.00 | x |
| 2021-12-31 | GBX8.64 | GBX1948.00 | x |
| 2022-12-31 | GBX7.07 | GBX1948.00 | x |
| 2023-12-31 | GBX7.62 | GBX1948.00 | x |
| 2024-12-31 | GBX6.13 | GBX1948.00 | x |
| 2025-12-31 | GBX6.35 | GBX1948.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XP Power Ltd 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): -6.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.95%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.46x
- Recent ROE (-6.62%) is below the historical average (16.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 17.69% | 6.61% | 1.14x | 2.35x | GBX2.26 Million |
| 2007 | 11.49% | 5.13% | 0.99x | 2.26x | GBX440.00K |
| 2008 | 30.56% | 12.70% | 0.88x | 2.73x | GBX5.92 Million |
| 2009 | 22.98% | 11.00% | 0.93x | 2.25x | GBX4.18 Million |
| 2010 | 37.09% | 17.21% | 1.01x | 2.13x | GBX11.54 Million |
| 2011 | 36.51% | 19.59% | 1.04x | 1.79x | GBX14.74 Million |
| 2012 | 25.37% | 16.51% | 1.02x | 1.51x | GBX9.39 Million |
| 2013 | 26.30% | 18.00% | 1.06x | 1.38x | GBX11.28 Million |
| 2014 | 24.19% | 19.19% | 0.98x | 1.29x | GBX11.38 Million |
| 2015 | 22.31% | 17.96% | 0.92x | 1.35x | GBX10.87 Million |
| 2016 | 20.08% | 16.41% | 0.93x | 1.31x | GBX10.69 Million |
| 2017 | 24.40% | 16.97% | 0.97x | 1.48x | GBX16.70 Million |
| 2018 | 22.14% | 15.48% | 0.83x | 1.72x | GBX16.56 Million |
| 2019 | 14.83% | 10.26% | 0.86x | 1.69x | GBX6.68 Million |
| 2020 | 19.23% | 13.50% | 0.96x | 1.48x | GBX15.12 Million |
| 2021 | 13.18% | 9.40% | 0.88x | 1.59x | GBX5.45 Million |
| 2022 | -14.43% | -6.89% | 0.60x | 3.48x | GBX-33.86 Million |
| 2023 | -5.95% | -2.91% | 0.71x | 2.89x | GBX-24.66 Million |
| 2024 | -6.61% | -3.88% | 0.59x | 2.86x | GBX-24.13 Million |
| 2025 | -6.62% | -4.95% | 0.54x | 2.46x | GBX-28.61 Million |
Industry Comparison
This section compares XP Power Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $40,491,434
- Average return on equity (ROE) among peers: -17.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XP Power Ltd (XPP) | GBX172.60 Million | 17.69% | 1.45x | $6.64 Million |
| AFC Energy plc (AFC) | $31.09 Million | -56.22% | 0.17x | $2.03 Million |
| Ceres Power Holdings PLC (CWR) | $237.40 Million | -20.06% | 0.10x | $15.51 Million |
| Dialight plc (DIA) | $37.28 Million | 32.50% | 0.63x | $1.79 Million |
| Dewhurst plc (DWHA) | $3.88 Million | 16.12% | 0.55x | $323.07K |
| Dewhurst (DWHT) | $2.80 Million | 9.71% | 0.41x | $342.24K |
| Eenergy Group PLC (EAAS) | $3.33 Million | -6.30% | 0.11x | $240.28K |
| Gelion PLC (GELN) | $11.97 Million | -66.41% | 0.14x | $502.30K |
| Invinity Energy Systems PLC (IES) | $65.67 Million | -34.72% | 0.15x | $2.62 Million |
| Ilika plc (IKA) | $6.25 Million | -56.65% | 0.17x | $682.06K |
| LPA Group (LPA) | $5.25 Million | 5.79% | 0.13x | $102.09K |
About XP Power Ltd
XP Power Limited, an investment holding company, designs, manufactures, and sells power supply solutions in Europe, North America, and Asia. It offers AC-DC power supplies, DC-DC converters, high voltage AC-DC power supplies, RF power systems, and EMI filters. The company also provides custom power solutions, such as mechanical and electrical design; PCB design and software programming; and safet… Read more