Solowin Holdings (AXG) - Net Assets
Based on the latest financial reports, Solowin Holdings (AXG) has net assets worth $369.00 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($383.17 Million) and total liabilities ($14.17 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. Check AXG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $369.00 Million |
| % of Total Assets | 96.3% |
| Annual Growth Rate | 34.08% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 76.56 |
Solowin Holdings - Net Assets Trend (2021–2025)
This chart illustrates how Solowin Holdings's net assets have evolved over time, based on quarterly financial data. See Solowin Holdings liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Solowin Holdings (2021–2025)
The table below shows the annual net assets of Solowin Holdings from 2021 to 2025. For live valuation and market cap data, see AXG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $4.73 Million | -46.99% |
| 2024-03-31 | $8.92 Million | +167.11% |
| 2023-03-31 | $3.34 Million | +67.05% |
| 2022-03-31 | $2.00 Million | +36.61% |
| 2021-03-31 | $1.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solowin Holdings'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 1272400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.04% |
| Other Comprehensive Income | $32.00K | 0.68% |
| Other Components | $19.22 Million | 406.24% |
| Total Equity | $4.73 Million | 100.00% |
Solowin Holdings Competitors by Market Cap
The table below lists competitors of Solowin Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YeaShin International Development Co Ltd
TWO:5213
|
$529.61 Million |
|
Chrysos Corporation Ltd
AU:C79
|
$529.98 Million |
|
Cool Company Oy
OL:CLCO
|
$530.18 Million |
|
Hoang Huy Investment Financial
VN:TCH
|
$530.22 Million |
|
Hangzhou Prevail Optoelectronic Equipment Co Ltd
SHE:300710
|
$529.35 Million |
|
Jiangsu Xiuqiang Glasswork Co
SHE:300160
|
$529.34 Million |
|
Ningbo Daye Garden Machinery Co Ltd
SHE:300879
|
$529.26 Million |
|
LG Balakrishnan & Bros Limited
NSE:LGBBROSLTD
|
$529.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solowin Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,924,000 to 4,731,000, a change of -4,193,000 (-47.0%).
- Net loss of 1,095,579 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income increased equity by 32,128.
- Other factors decreased equity by 4,129,549.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.10 Million | -23.16% |
| Share Issuances | $1.00 Million | +21.14% |
| Other Comprehensive Income | $32.13K | +0.68% |
| Other Changes | $-4.13 Million | -87.29% |
| Total Change | $- | -46.99% |
Book Value vs Market Value Analysis
This analysis compares Solowin Holdings'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: 11.45x
- 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 63.31x to 11.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | $0.05 | $3.36 | x |
| 2022-03-31 | $0.07 | $3.36 | x |
| 2023-03-31 | $0.12 | $3.36 | x |
| 2024-03-31 | $0.32 | $3.36 | x |
| 2025-03-31 | $0.29 | $3.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solowin Holdings 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): -23.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -302.87%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.60x
- Recent ROE (-23.16%) is below the historical average (-7.30%), 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 | -5.68% | -54.61% | 0.01x | 9.37x | $-229.60K |
| 2022 | -6.29% | -30.07% | 0.04x | 4.73x | $-325.76K |
| 2023 | 5.15% | 30.29% | 0.06x | 3.06x | $-162.01K |
| 2024 | -6.52% | -106.18% | 0.04x | 1.73x | $-1.47 Million |
| 2025 | -23.16% | -302.87% | 0.03x | 2.60x | $-1.57 Million |
Industry Comparison
This section compares Solowin Holdings's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $179,843,566
- Average return on equity (ROE) among peers: -8.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solowin Holdings (AXG) | $369.00 Million | -5.68% | 0.04x | $529.48 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $278.79 Million |
| Abits Group Inc. (ABTS) | $9.73 Million | -6.60% | 0.34x | $3.23 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $21.08 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $51.29 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.46 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.24 Million | 0.00% | 0.00x | $34.07 Million |
| Bitfarms Ltd (BITF) | $255.40 Million | -68.77% | 0.34x | $1.21 Billion |
About Solowin Holdings
Solowin Holdings, an investment holding company, provides corporate finance, wealth management, virtual assets, and asset management services in Hong Kong. It operates Solomon VA+, a trading platform that allows investors to trade over listed securities and their derivative products listed on the Hong Kong Stock Exchange (HKSE), New York Stock Exchange, Nasdaq, Shanghai Stock Exchange, and Shenzh… Read more