Spir Group ASA (SPIR) - Net Assets
Based on the latest financial reports, Spir Group ASA (SPIR) has net assets worth Nkr1.67 Billion NOK (≈ $175.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.31 Billion ≈ $243.18 Million USD) and total liabilities (Nkr645.14 Million ≈ $67.89 Million USD). 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 Spir Group ASA liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.67 Billion |
| % of Total Assets | 72.08% |
| Annual Growth Rate | 742.29% |
| 5-Year Change | 403.72% |
| 10-Year Change | N/A |
| Growth Volatility | 338056.61 |
Spir Group ASA - Net Assets Trend (2019–2024)
This chart illustrates how Spir Group ASA's net assets have evolved over time, based on quarterly financial data. Also explore Spir Group ASA assets under control for the complete picture of this company's asset base.
Annual Net Assets for Spir Group ASA (2019–2024)
The table below shows the annual net assets of Spir Group ASA from 2019 to 2024. For live valuation and market cap data, see SPIR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.28 Billion ≈ $134.42 Million |
+17.45% |
| 2023-12-31 | Nkr1.09 Billion ≈ $114.45 Million |
+5.26% |
| 2022-12-31 | Nkr1.03 Billion ≈ $108.74 Million |
+46.61% |
| 2021-12-31 | Nkr704.79 Million ≈ $74.16 Million |
+177.93% |
| 2020-12-31 | Nkr253.59 Million ≈ $26.69 Million |
+845203.33% |
| 2019-12-31 | Nkr30.00K ≈ $3.16K |
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Equity Component Analysis
This analysis shows how different components contribute to Spir Group 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr2.65 Million | 0.22% |
| Other Components | Nkr1.18 Billion | 99.78% |
| Total Equity | Nkr1.18 Billion | 100.00% |
Spir Group ASA Competitors by Market Cap
The table below lists competitors of Spir Group ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
After You Public Company Limited
BK:AU
|
$119.48 Million |
|
Nicola Mining Inc
V:NIM
|
$119.50 Million |
|
Cornerstone OnDemand Inc
F:8CO
|
$119.51 Million |
|
Madras Fertilizers Limited
NSE:MADRASFERT
|
$119.52 Million |
|
Captor Therapeutics S.A.
WAR:CTX
|
$119.47 Million |
|
China Automotive Systems Inc
F:RYV
|
$119.38 Million |
|
Tonlin Department Store Co Ltd
TW:2910
|
$119.36 Million |
|
Tempore Properties SOCIMI SAU
MC:YTEM
|
$119.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spir Group ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,087,633,000 to 1,183,984,000, a change of 96,351,000 (8.9%).
- Net income of 33,585,000 contributed positively to equity growth.
- Share repurchases of 2,897,000 reduced equity.
- New share issuances of 2,897,000 increased equity.
- Other factors increased equity by 62,766,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr33.59 Million | +2.84% |
| Share Repurchases | Nkr2.90 Million | -0.24% |
| Share Issuances | Nkr2.90 Million | +0.24% |
| Other Changes | Nkr62.77 Million | +5.3% |
| Total Change | Nkr- | 8.86% |
Book Value vs Market Value Analysis
This analysis compares Spir Group 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: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 20982.12x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Nkr0.00 | Nkr8.54 | x |
| 2020-12-31 | Nkr17.13 | Nkr8.54 | x |
| 2021-12-31 | Nkr37.48 | Nkr8.54 | x |
| 2022-12-31 | Nkr8.11 | Nkr8.54 | x |
| 2023-12-31 | Nkr8.36 | Nkr8.54 | x |
| 2024-12-31 | Nkr8.93 | Nkr8.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spir Group 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): 2.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.98%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.03x
- Recent ROE (2.84%) is above the historical average (1.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.60% | 8.47% | 0.37x | 1.78x | Nkr-11.16 Million |
| 2021 | -1.23% | -1.50% | 0.36x | 2.27x | Nkr-79.18 Million |
| 2022 | 2.29% | 2.30% | 0.47x | 2.14x | Nkr-79.62 Million |
| 2023 | -1.37% | -1.41% | 0.49x | 1.97x | Nkr-123.65 Million |
| 2024 | 2.84% | 2.98% | 0.47x | 2.03x | Nkr-84.81 Million |
Industry Comparison
This section compares Spir Group ASA's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $506,640,576
- Average return on equity (ROE) among peers: 38.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spir Group ASA (SPIR) | Nkr1.67 Billion | 5.60% | 0.39x | $119.48 Million |
| Arribatec Solutions ASA (ARR) | $262.46 Million | -8.78% | 0.91x | $55.37 Million |
| Atea ASA (ATEA) | $2.10 Billion | 20.14% | 2.20x | $1.83 Billion |
| Bouvet (BOUV) | $423.99 Million | 84.59% | 3.08x | $560.15 Million |
| Crayon Group Holding ASA (CRAYN) | $363.94 Million | -15.68% | 5.62x | $1.35 Billion |
| Itera ASA (ITERA) | $47.89 Million | 118.38% | 5.23x | $60.02 Million |
| River Tech plc (RIVER) | $11.16 Million | 57.05% | 0.24x | $3.03 Million |
| Webstep ASA (WSTEP) | $336.64 Million | 10.86% | 0.66x | $52.90 Million |
About Spir Group ASA
Spir Group ASA provides software solutions in Norway, Sweden, and internationally. The company offers Samsvar, a system that helps consumers keep track of legal requirements related to privacy and information security; PixEdit, a software for automating the processing of scanning, data capture, digitalization and optimization, interactive editing, and converting all types of files/documents; Elem… Read more