SEALSQ Corp
SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductors in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, post quantum, RISC-V chips, secure arm platform, and smart card reader chips; public key infrastructure (PKI) and provisioning for internet of things (IoT), such… Read more
SEALSQ Corp (LAES) - Net Assets
Latest net assets as of June 2025: $118.13 Million USD
Based on the latest financial reports, SEALSQ Corp (LAES) has net assets worth $118.13 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 ($142.02 Million) and total liabilities ($23.89 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 | $118.13 Million |
| % of Total Assets | 83.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 412.71 |
SEALSQ Corp - Net Assets Trend (2020–2024)
This chart illustrates how SEALSQ Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SEALSQ Corp (2020–2024)
The table below shows the annual net assets of SEALSQ Corp from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $77.86 Million | +1447.68% |
| 2023-12-31 | $5.03 Million | +2273.11% |
| 2022-12-31 | $212.00K | +101.56% |
| 2021-12-31 | $-13.56 Million | -44.70% |
| 2020-12-31 | $-9.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SEALSQ Corp'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 2111205000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.07 Million | 1.38% |
| Other Comprehensive Income | $758.00K | 0.97% |
| Other Components | $117.94 Million | 151.47% |
| Total Equity | $77.86 Million | 100.00% |
SEALSQ Corp Competitors by Market Cap
The table below lists competitors of SEALSQ Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Myson Century, Inc.
TWO:5314
|
$377.75 Million |
|
ABIVAX Société Anonyme
PINK:AAVXF
|
$377.86 Million |
|
Suntront Tech
SHE:300259
|
$377.86 Million |
|
Berry Genomics Co Ltd
SHE:000710
|
$377.87 Million |
|
Longkou Union Chemical Co. Ltd. A
SHE:301209
|
$377.67 Million |
|
KCE EL. PCL -NVDR- BA 05
F:NVPA
|
$377.61 Million |
|
Guangdong Songyang Recycle Resources Co Ltd
SHG:603863
|
$377.50 Million |
|
TF Bank AB
ST:TFBANK
|
$377.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEALSQ Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,031,000 to 77,864,000, a change of 72,833,000 (1447.7%).
- Net loss of 21,201,000 reduced equity.
- New share issuances of 60,000,000 increased equity.
- Other comprehensive income decreased equity by 26,000.
- Other factors increased equity by 34,060,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-21.20 Million | -27.23% |
| Share Issuances | $60.00 Million | +77.06% |
| Other Comprehensive Income | $-26.00K | -0.03% |
| Other Changes | $34.06 Million | +43.74% |
| Total Change | $- | 1447.68% |
Book Value vs Market Value Analysis
This analysis compares SEALSQ Corp'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: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-0.62 | $3.11 | x |
| 2021-12-31 | $-0.90 | $3.11 | x |
| 2022-12-31 | $0.01 | $3.11 | x |
| 2023-12-31 | $0.33 | $3.11 | x |
| 2024-12-31 | $2.21 | $3.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEALSQ Corp 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): -27.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -193.07%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.25x
- Recent ROE (-27.23%) is below the historical average (525.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -60.32% | 1.14x | 0.00x | $-8.26 Million |
| 2021 | 0.00% | -25.97% | 1.57x | 0.00x | $-3.47 Million |
| 2022 | 2721.70% | 24.87% | 1.07x | 102.17x | $5.75 Million |
| 2023 | -64.96% | -10.87% | 1.08x | 5.55x | $-3.77 Million |
| 2024 | -27.23% | -193.07% | 0.11x | 1.25x | $-28.99 Million |
Industry Comparison
This section compares SEALSQ Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $1,032,397,694
- Average return on equity (ROE) among peers: -33.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEALSQ Corp (LAES) | $118.13 Million | 0.00% | 0.20x | $377.72 Million |
| Analog Devices Inc (ADI) | $3.80 Billion | 22.85% | 0.39x | $150.01 Billion |
| Arteris Inc (AIP) | $-14.63 Million | 0.00% | 0.00x | $535.54 Million |
| Astera Labs, Inc. (ALAB) | $-85.29 Million | 0.00% | 0.00x | $17.81 Billion |
| Allegro Microsystems Inc (ALGM) | $634.13 Million | 5.83% | 0.29x | $3.98 Billion |
| Aeluma, Inc (ALMU) | $5.10 Million | -67.68% | 0.16x | $159.25 Million |
| Ambiq Micro, Inc. (AMBQ) | $89.01 Million | -28.47% | 0.18x | $419.98 Million |
| Advanced Micro Devices Inc (AMD) | $187.00 Million | -215.51% | 19.14x | $318.29 Billion |
| AMSSD (AMSSD) | $1.91 Billion | -84.67% | 2.89x | $27.31K |
| Alpha and Omega Semiconductor Ltd (AOSL) | $260.25 Million | 14.53% | 0.34x | $512.72 Million |
| Arm Holdings plc American Depositary Shares (ARM) | $3.55 Billion | 15.47% | 0.83x | $17.42 Billion |