SIMPPLE LTD. Ordinary Shares (SPPL) - Net Assets
Based on the latest financial reports, SIMPPLE LTD. Ordinary Shares (SPPL) has net assets worth $3.43 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.07 Million) and total liabilities ($7.63 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 SPPL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.43 Million |
| % of Total Assets | 31.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 469.13 |
SIMPPLE LTD. Ordinary Shares - Net Assets Trend (2020–2025)
This chart illustrates how SIMPPLE LTD. Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See SPPL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SIMPPLE LTD. Ordinary Shares (2020–2025)
The table below shows the annual net assets of SIMPPLE LTD. Ordinary Shares from 2020 to 2025. For live valuation and market cap data, see SPPL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.43 Million | +40.34% |
| 2024-12-31 | $2.45 Million | -31.03% |
| 2023-12-31 | $3.55 Million | +997.90% |
| 2022-12-31 | $323.04K | +136.32% |
| 2021-12-31 | $-889.45K | +47.84% |
| 2020-12-31 | $-1.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SIMPPLE LTD. Ordinary Shares'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 1641072300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.06K | 0.06% |
| Other Comprehensive Income | $-30.18K | -0.88% |
| Other Components | $22.28 Million | 648.94% |
| Total Equity | $3.43 Million | 100.00% |
SIMPPLE LTD. Ordinary Shares Competitors by Market Cap
The table below lists competitors of SIMPPLE LTD. Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HC Group Inc
STU:HCI
|
$35.44 Million |
|
RS GROUP PLC
LSE:RS1
|
$35.46 Million |
|
Advance Zinctek Ltd
AU:ANO
|
$35.46 Million |
|
Beauty Community Public Company Limited
BK:BEAUTY
|
$35.46 Million |
|
Latrobe Magnesium Ltd
AU:LMG
|
$35.43 Million |
|
Royal Orchid Hotel (Thailand) Public Company Limited
BK:ROH
|
$35.41 Million |
|
Fundamental Global Inc.
NASDAQ:FGNX
|
$35.39 Million |
|
Recon Technology Ltd
NASDAQ:RCON
|
$35.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SIMPPLE LTD. Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,446,136 to 3,432,803, a change of 986,667 (40.3%).
- Net loss of 4,118,296 reduced equity.
- New share issuances of 5,239,591 increased equity.
- Other comprehensive income decreased equity by 67,732.
- Other factors decreased equity by 66,896.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.12 Million | -119.97% |
| Share Issuances | $5.24 Million | +152.63% |
| Other Comprehensive Income | $-67.73K | -1.97% |
| Other Changes | $-66.90K | -1.95% |
| Total Change | $- | 40.34% |
Book Value vs Market Value Analysis
This analysis compares SIMPPLE LTD. Ordinary Shares'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: 6.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-0.10 | $3.62 | x |
| 2021-12-31 | $-0.05 | $3.62 | x |
| 2022-12-31 | $0.02 | $3.62 | x |
| 2023-12-31 | $0.22 | $3.62 | x |
| 2024-12-31 | $0.15 | $3.62 | x |
| 2025-12-31 | $0.59 | $3.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SIMPPLE LTD. Ordinary Shares 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): -119.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -70.84%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 3.22x
- Recent ROE (-119.97%) is above the historical average (-122.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -11.95% | 0.60x | 0.00x | $-235.99K |
| 2021 | 0.00% | 1.57% | 0.85x | 0.00x | $155.15K |
| 2022 | -237.88% | -12.10% | 1.09x | 18.05x | $-800.77K |
| 2023 | -210.31% | -161.53% | 0.53x | 2.47x | $-7.81 Million |
| 2024 | -164.27% | -104.23% | 0.58x | 2.71x | $-4.26 Million |
| 2025 | -119.97% | -70.84% | 0.53x | 3.22x | $-4.46 Million |
Industry Comparison
This section compares SIMPPLE LTD. Ordinary Shares's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $818,144,197
- Average return on equity (ROE) among peers: 4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SIMPPLE LTD. Ordinary Shares (SPPL) | $3.43 Million | 0.00% | 2.22x | $35.43 Million |
| Ametek Inc (AME) | $4.24 Billion | 18.34% | 1.04x | $53.06 Billion |
| American Superconductor Corporation (AMSC) | $208.45 Million | -12.21% | 0.25x | $1.88 Billion |
| Smith AO Corporation (AOS) | $757.80 Million | 11.64% | 1.45x | $6.56 Billion |
| ATS Corporation (ATS) | $1.13 Billion | 11.27% | 2.13x | $2.75 Billion |
| Babcock & Wilcox Enterprises Inc (BW) | $-131.60 Million | 0.00% | 0.00x | $2.36 Billion |
| Broadwind Energy Inc (BWEN) | $40.66 Million | -3.66% | 1.94x | $50.81 Million |
| Clean Energy Technologies, Inc. Common Stock (CETY) | $284.97K | -40.84% | 5.01x | $9.49 Million |
| Cummins Inc (CMI) | $821.10 Million | 21.57% | 1.91x | $93.77 Billion |
| Crane Company (CR) | $568.10 Million | 20.17% | 1.07x | $10.47 Billion |
| CSW Industrials, Inc. (CSW) | $544.14 Million | 17.72% | 0.92x | $4.86 Billion |
About SIMPPLE LTD. Ordinary Shares
Simpple Ltd. provides facilities management software in Singapore. The company offers SIMPPLE software, a platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, a robotic solution in cleaning and security domains, and IoT devices and peripherals; SIMPPLE.AI, a facilities management autonomic intelligence engine that automates workflow … Read more