Substrate AI S.A. (SAI) - Net Assets

Latest as of June 2025: €45.13 Million EUR ≈ $52.76 Million USD

Based on the latest financial reports, Substrate AI S.A. (SAI) has net assets worth €45.13 Million EUR (≈ $52.76 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€69.08 Million ≈ $80.76 Million USD) and total liabilities (€23.95 Million ≈ $28.00 Million 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 Substrate AI S.A. (SAI) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€45.13 Million
% of Total Assets	65.33%
Annual Growth Rate	16.17%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	45.29

Substrate AI S.A. - Net Assets Trend (2021–2024)

This chart illustrates how Substrate AI S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore Substrate AI S.A. balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Substrate AI S.A. (2021–2024)

The table below shows the annual net assets of Substrate AI S.A. from 2021 to 2024. For live valuation and market cap data, see Substrate AI S.A. market cap and net worth.

Year	Net Assets	Change
2024-12-31	€41.75 Million ≈ $48.81 Million	+75.78%
2023-12-31	€23.75 Million ≈ $27.77 Million	+35.06%
2022-12-31	€17.59 Million ≈ $20.56 Million	-33.95%
2021-12-31	€26.63 Million ≈ $31.13 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Substrate AI S.A.'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 1374923400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	€12.75 Million	31.03%
Other Comprehensive Income	€-3.17 Million	-7.71%
Other Components	€47.52 Million	115.61%
Total Equity	€41.11 Million	100.00%

Substrate AI S.A. Competitors by Market Cap

The table below lists competitors of Substrate AI S.A. ranked by their market capitalization.

Company	Market Cap
Aakash Exploration Services Limited NSE:AAKASH	$8.90 Million
Chromocell Therapeutics Corporation NYSE MKT:CHRO	$8.90 Million
Ancom Logistics Bhd KLSE:0048	$8.91 Million
Prakash Steelage Limited NSE:PRAKASHSTL	$8.91 Million
Visionary Gold Corp V:VIZ	$8.90 Million
TechnoDex Bhd KLSE:0132	$8.90 Million
Advanced Blockchain AG XETRA:BWQ	$8.89 Million
Robot S.A. MC:RBT	$8.89 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Substrate AI S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 22,925,432 to 41,106,428, a change of 18,180,996 (79.3%).
Net income of 7,372,292 contributed positively to equity growth.
New share issuances of 4,000,000 increased equity.
Other comprehensive income decreased equity by 638,562.
Other factors increased equity by 7,447,266.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€7.37 Million	+17.93%
Share Issuances	€4.00 Million	+9.73%
Other Comprehensive Income	€-638.56K	-1.55%
Other Changes	€7.45 Million	+18.12%
Total Change	€-	79.30%

Book Value vs Market Value Analysis

This analysis compares Substrate AI S.A.'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: 0.11x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2021-12-31	€1.30	€0.05	x
2022-12-31	€0.72	€0.05	x
2023-12-31	€0.32	€0.05	x
2024-12-31	€0.44	€0.05	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Substrate AI S.A. 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): 17.93%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 42.07%
• Asset Turnover: 0.29x
• Equity Multiplier: 1.49x
Recent ROE (17.93%) is above the historical average (-6.70%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2021	-6.72%	-111.09%	0.05x	1.22x	€-4.42 Million
2022	0.06%	0.36%	0.14x	1.28x	€-1.74 Million
2023	-38.09%	-101.43%	0.19x	1.97x	€-11.02 Million
2024	17.93%	42.07%	0.29x	1.49x	€3.26 Million

Industry Comparison

This section compares Substrate AI S.A.'s net assets metrics with peer companies in the Software - Infrastructure industry.

Industry Context

Industry: Software - Infrastructure
Average net assets among peers: $16,058,578
Average return on equity (ROE) among peers: -39.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Substrate AI S.A. (SAI)	€45.13 Million	-6.72%	0.53x	$8.90 Million
Agile Content SA (AGIL)	$42.03 Million	0.43%	2.00x	$48.14 Million
Aeternal Mentis SA (AMEN)	$5.61 Million	-34.12%	3.23x	$107.28 Million
Gigas Hosting S.A (GIGA)	$541.01K	-85.29%	0.92x	$42.29 Million

About Substrate AI S.A.

MC:SAI Spain Software - Infrastructure

Market Cap

$8.90 Million

€7.61 Million EUR

Market Cap Rank

#27164 Global

#206 in Spain

Share Price

€0.05

Change (1 day)

-0.43%

52-Week Range

€0.05 - €0.13

All Time High

€4.10