SmartCraft ASA
SmartCraft ASA provides software solutions to the construction industry in Norway, Sweden, Finland, and the United Kingdom. The company offers software, including Cordel, a SaaS solution; Bygglet, a SaaS born in the cloud solution; EL-VIS, a modular solution comprising services in the electricians' daily operations; and Congrid, a cloud-based tool for project management. It also provides Kvalitet… Read more
SmartCraft ASA (SMCRT) - Net Assets
Latest net assets as of June 2025: Nkr955.85 Million NOK
Based on the latest financial reports, SmartCraft ASA (SMCRT) has net assets worth Nkr955.85 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.28 Billion) and total liabilities (Nkr321.32 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 | Nkr955.85 Million |
| % of Total Assets | 74.84% |
| Annual Growth Rate | 27.58% |
| 5-Year Change | 189.33% |
| 10-Year Change | N/A |
| Growth Volatility | 38.43 |
SmartCraft ASA - Net Assets Trend (2018–2024)
This chart illustrates how SmartCraft ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SmartCraft ASA (2018–2024)
The table below shows the annual net assets of SmartCraft ASA from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr937.17 Million | +10.26% |
| 2023-12-31 | Nkr849.97 Million | +11.02% |
| 2022-12-31 | Nkr765.57 Million | +9.10% |
| 2021-12-31 | Nkr701.68 Million | +116.63% |
| 2020-12-31 | Nkr323.91 Million | +28.32% |
| 2019-12-31 | Nkr252.43 Million | +16.19% |
| 2018-12-31 | Nkr217.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SmartCraft ASA'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 28273700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr279.43 Million | 30.12% |
| Common Stock | Nkr1.72 Million | 0.18% |
| Other Components | Nkr646.54 Million | 69.69% |
| Total Equity | Nkr927.68 Million | 100.00% |
SmartCraft ASA Competitors by Market Cap
The table below lists competitors of SmartCraft ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. A
SHE:301309
|
$115.27 Million |
|
Chia Hsin Cement Corp
TW:1103
|
$115.31 Million |
|
Hanyang Digitech Co. Ltd
KQ:078350
|
$115.40 Million |
|
Mosa Industrial Corp
TW:4564
|
$115.42 Million |
|
OCUPHIRE PHARMA DL-0001
F:R3X1
|
$115.10 Million |
|
HEIMSTADEN AB PR.SHS O.N.
F:61B
|
$115.09 Million |
|
Berkeley Energia Ltd
AU:BKY
|
$115.09 Million |
|
Namyang Dairy
KO:003920
|
$115.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SmartCraft ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 845,335,000 to 927,685,000, a change of 82,350,000 (9.7%).
- Net income of 105,959,000 contributed positively to equity growth.
- Share repurchases of 36,145,000 reduced equity.
- New share issuances of 4,720,000 increased equity.
- Other comprehensive income decreased equity by 16,620,999.
- Other factors increased equity by 24,436,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr105.96 Million | +11.42% |
| Share Repurchases | Nkr36.15 Million | -3.9% |
| Share Issuances | Nkr4.72 Million | +0.51% |
| Other Comprehensive Income | Nkr-16.62 Million | -1.79% |
| Other Changes | Nkr24.44 Million | +2.63% |
| Total Change | Nkr- | 9.74% |
Book Value vs Market Value Analysis
This analysis compares SmartCraft ASA'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: 3.18x
- 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 13.58x to 3.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr1.30 | Nkr17.65 | x |
| 2019-12-31 | Nkr1.51 | Nkr17.65 | x |
| 2020-12-31 | Nkr1.94 | Nkr17.65 | x |
| 2021-12-31 | Nkr4.09 | Nkr17.65 | x |
| 2022-12-31 | Nkr4.45 | Nkr17.65 | x |
| 2023-12-31 | Nkr5.02 | Nkr17.65 | x |
| 2024-12-31 | Nkr5.55 | Nkr17.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SmartCraft ASA 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): 11.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.75%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.38x
- Recent ROE (11.42%) is above the historical average (8.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.29% | 0.83% | 0.18x | 1.93x | Nkr-21.11 Million |
| 2019 | 10.91% | 17.92% | 0.29x | 2.08x | Nkr2.30 Million |
| 2020 | 12.08% | 19.98% | 0.28x | 2.13x | Nkr6.75 Million |
| 2021 | 5.23% | 13.55% | 0.31x | 1.26x | Nkr-33.47 Million |
| 2022 | 8.95% | 20.42% | 0.34x | 1.28x | Nkr-7.98 Million |
| 2023 | 12.73% | 26.80% | 0.37x | 1.30x | Nkr23.09 Million |
| 2024 | 11.42% | 20.75% | 0.40x | 1.38x | Nkr13.19 Million |
Industry Comparison
This section compares SmartCraft ASA's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $227,237,750
- Average return on equity (ROE) among peers: -66.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SmartCraft ASA (SMCRT) | Nkr955.85 Million | 0.29% | 0.34x | $115.21 Million |
| Ayfie International AS (AIX) | $12.94 Million | -241.61% | 1.21x | $3.47K |
| Huddlestock Fintech As (HUDL) | $32.59 Million | -26.61% | 0.10x | $6.90 Million |
| Idex ASA (IDEX) | $57.29 Million | 0.00% | 0.08x | $14.98 Million |
| Volue AS (VOLUE) | $806.14 Million | 2.40% | 1.31x | $183.80 Million |