Smartoptics Group AS
Smartoptics Group ASA provides optical networking solutions and devices in the Americas, Europe, the Middle East, Africa, and the Asia"Pacific. Its products include flexible open-line systems; multiplexers and optical add/drop multiplexers; modular transponders and muxponders; optical transceivers; active and passive systems; and optical transceivers datasheets, as well as Sosmart software suite.… Read more
Smartoptics Group AS (SMOP) - Net Assets
Latest net assets as of June 2025: Nkr26.39 Million NOK
Based on the latest financial reports, Smartoptics Group AS (SMOP) has net assets worth Nkr26.39 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 (Nkr49.94 Million) and total liabilities (Nkr23.55 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 | Nkr26.39 Million |
| % of Total Assets | 52.85% |
| Annual Growth Rate | 5.42% |
| 5-Year Change | -71.95% |
| 10-Year Change | N/A |
| Growth Volatility | 95.11 |
Smartoptics Group AS - Net Assets Trend (2008–2024)
This chart illustrates how Smartoptics Group AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smartoptics Group AS (2008–2024)
The table below shows the annual net assets of Smartoptics Group AS from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr28.45 Million | -5.30% |
| 2023-12-31 | Nkr30.05 Million | +8.85% |
| 2022-12-31 | Nkr27.61 Million | -86.48% |
| 2021-12-31 | Nkr204.17 Million | +101.31% |
| 2020-12-31 | Nkr101.42 Million | +15.86% |
| 2019-12-31 | Nkr87.54 Million | -4.08% |
| 2018-12-31 | Nkr91.26 Million | +259.18% |
| 2010-12-31 | Nkr25.41 Million | +119.02% |
| 2009-12-31 | Nkr11.60 Million | -5.14% |
| 2008-12-31 | Nkr12.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smartoptics Group AS'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 3456842700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr14.87 Million | 52.25% |
| Common Stock | Nkr173.00K | 0.61% |
| Other Components | Nkr13.41 Million | 47.15% |
| Total Equity | Nkr28.45 Million | 100.00% |
Smartoptics Group AS Competitors by Market Cap
The table below lists competitors of Smartoptics Group AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bonduelle SCA
F:BDU
|
$102.73 Million |
|
Oncolytics Biotech Inc
NASDAQ:ONCY
|
$102.78 Million |
|
Enwei Pharmaceutical Co. Ltd. A
SHE:301331
|
$102.79 Million |
|
Globus Spirits Limited
NSE:GLOBUSSPR
|
$102.81 Million |
|
Shenzhen Properties & Resources Development Group Ltd
SHE:200011
|
$102.69 Million |
|
Mersana Therapeutics Inc
NASDAQ:MRSN
|
$102.67 Million |
|
Bonduelle SAS
LSE:0N75
|
$102.67 Million |
|
Global Water Resources Inc
NASDAQ:GWRS
|
$102.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smartoptics Group AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 30,047,000 to 28,454,000, a change of -1,593,000 (-5.3%).
- Net income of 4,042,000 contributed positively to equity growth.
- Dividend payments of 4,449,000 reduced retained earnings.
- Share repurchases of 2,107,000 reduced equity.
- New share issuances of 2,107,000 increased equity.
- Other factors decreased equity by 1,186,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr4.04 Million | +14.21% |
| Dividends Paid | Nkr4.45 Million | -15.64% |
| Share Repurchases | Nkr2.11 Million | -7.4% |
| Share Issuances | Nkr2.11 Million | +7.4% |
| Other Changes | Nkr-1.19 Million | -4.17% |
| Total Change | Nkr- | -5.30% |
Book Value vs Market Value Analysis
This analysis compares Smartoptics Group AS'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: 138.52x
- 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 increased from 100.05x to 138.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Nkr0.40 | Nkr40.20 | x |
| 2009-12-31 | Nkr0.27 | Nkr40.20 | x |
| 2010-12-31 | Nkr0.32 | Nkr40.20 | x |
| 2018-12-31 | Nkr0.95 | Nkr40.20 | x |
| 2019-12-31 | Nkr0.91 | Nkr40.20 | x |
| 2020-12-31 | Nkr1.05 | Nkr40.20 | x |
| 2021-12-31 | Nkr2.18 | Nkr40.20 | x |
| 2022-12-31 | Nkr0.29 | Nkr40.20 | x |
| 2023-12-31 | Nkr0.31 | Nkr40.20 | x |
| 2024-12-31 | Nkr0.29 | Nkr40.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smartoptics Group AS 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): 14.21%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.28%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 1.72x
- Recent ROE (14.21%) is above the historical average (8.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 31.97% | 53.25% | 0.40x | 1.49x | Nkr2.69 Million |
| 2009 | -42.21% | -27.41% | 0.66x | 2.35x | Nkr-6.06 Million |
| 2010 | -2.82% | -2.65% | 0.64x | 1.67x | Nkr-3.26 Million |
| 2018 | -0.66% | 0.00% | 0.00x | 1.05x | Nkr-9.73 Million |
| 2019 | 4.03% | 1.53% | 1.39x | 1.89x | Nkr-5.23 Million |
| 2020 | 13.22% | 4.10% | 1.46x | 2.22x | Nkr3.27 Million |
| 2021 | 14.96% | 7.75% | 1.16x | 1.66x | Nkr10.12 Million |
| 2022 | 24.59% | 11.83% | 1.29x | 1.61x | Nkr4.03 Million |
| 2023 | 24.86% | 12.77% | 1.19x | 1.63x | Nkr4.47 Million |
| 2024 | 14.21% | 7.28% | 1.13x | 1.72x | Nkr1.20 Million |
Industry Comparison
This section compares Smartoptics Group AS's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $195,653,127
- Average return on equity (ROE) among peers: -20.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smartoptics Group AS (SMOP) | Nkr26.39 Million | 31.97% | 0.89x | $102.72 Million |
| Huddly AS (HDLY) | $389.76 Million | -44.18% | 0.62x | $9.98 Million |
| Napatech A/S (NAPA) | $89.87 Million | 13.91% | 0.36x | $206.61 Million |
| Techstep ASA (TECH) | $107.33 Million | -29.73% | 0.16x | $7.87 Million |