Techstep ASA

OL:TECH Norway Communication Equipment
Market Cap
$33.97 Million
Nkr387.08 Million NOK
Market Cap Rank
#29569 Global
#174 in Norway
Share Price
Nkr11.25
Change (1 day)
+0.00%
52-Week Range
Nkr10.65 - Nkr13.50
All Time High
Nkr73.00
Categories
Companies in Norway Communication Equipment Technology AI & Machine Learning
About

Techstep ASA operates as a mobile technology company in Norway, Sweden, Denmark, and Poland. It offers device lifecycle management; mobile data capture and workflow; mobile device management; procurement, logistics, and lifecycle; and mobile technology consultancy solutions. The company also provides mobile devices and accessories; and device management and security products. Techstep ASA has a s… Read more

Techstep ASA (TECH) - Net Assets

Latest net assets as of June 2025: Nkr548.31 Million NOK

Based on the latest financial reports, Techstep ASA (TECH) has net assets worth Nkr548.31 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 (Nkr1.14 Billion) and total liabilities (Nkr587.55 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 Nkr548.31 Million
% of Total Assets 48.27%
Annual Growth Rate 8.71%
5-Year Change 1.27%
10-Year Change 2188.65%
Growth Volatility 212.55

Techstep ASA - Net Assets Trend (2004–2024)

This chart illustrates how Techstep 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 Techstep ASA (2004–2024)

The table below shows the annual net assets of Techstep ASA from 2004 to 2024.

Year Net Assets Change
2024-12-31 Nkr570.61 Million -0.54%
2023-12-31 Nkr573.70 Million +0.38%
2022-12-31 Nkr571.52 Million +2.87%
2021-12-31 Nkr555.59 Million -1.40%
2020-12-31 Nkr563.45 Million +23.57%
2019-12-31 Nkr455.97 Million -11.25%
2018-12-31 Nkr513.78 Million +14.15%
2017-12-31 Nkr450.11 Million +72.92%
2016-12-31 Nkr260.29 Million +944.02%
2015-12-31 Nkr24.93 Million -62.22%
2014-12-31 Nkr65.99 Million -6.81%
2013-12-31 Nkr70.82 Million +20.80%
2012-12-31 Nkr58.62 Million -27.50%
2011-12-31 Nkr80.85 Million -31.56%
2010-12-31 Nkr118.13 Million -31.41%
2009-12-31 Nkr172.22 Million -16.61%
2008-12-31 Nkr206.53 Million +15.51%
2006-12-31 Nkr178.79 Million +12.17%
2005-12-31 Nkr159.40 Million +48.51%
2004-12-31 Nkr107.33 Million --

Equity Component Analysis

This analysis shows how different components contribute to Techstep 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 7049200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Nkr34.41 Million 6.03%
Other Components Nkr536.20 Million 93.97%
Total Equity Nkr570.61 Million 100.00%

Techstep ASA Competitors by Market Cap

The table below lists competitors of Techstep ASA ranked by their market capitalization.

Company Market Cap
SCGM Bhd
KLSE:7247
 		$7.88 Million
Nimy Resources Ltd
AU:NIM
 		$7.88 Million
Kawasan Industri Jababeka Tbk
JK:KIJA
 		$7.88 Million
S H L Telemedicine Ltd
SW:SHLTN
 		$7.88 Million
Argo Properties NV
TA:ARGO
 		$7.87 Million
FRIWO AG
F:CEA
 		$7.87 Million
SMRT Holdings Bhd
KLSE:0117
 		$7.87 Million
Dr. Phone Fix Canada Corporation
V:DPF
 		$7.87 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Techstep ASA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 573,696,000 to 570,607,000, a change of -3,089,000 (-0.5%).
  • Net loss of 45,695,000 reduced equity.
  • Share repurchases of 28,391,000 reduced equity.
  • New share issuances of 28,391,000 increased equity.
  • Other factors increased equity by 42,606,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr-45.70 Million -8.01%
Share Repurchases Nkr28.39 Million -4.98%
Share Issuances Nkr28.39 Million +4.98%
Other Changes Nkr42.61 Million +7.47%
Total Change Nkr- -0.54%

Book Value vs Market Value Analysis

This analysis compares Techstep 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: 0.68x
  • 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 increased from 0.03x to 0.68x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 Nkr356.29 Nkr11.25 x
2005-12-31 Nkr394.32 Nkr11.25 x
2006-12-31 Nkr374.68 Nkr11.25 x
2008-12-31 Nkr284.51 Nkr11.25 x
2009-12-31 Nkr238.25 Nkr11.25 x
2010-12-31 Nkr163.42 Nkr11.25 x
2011-12-31 Nkr111.37 Nkr11.25 x
2012-12-31 Nkr62.65 Nkr11.25 x
2013-12-31 Nkr69.53 Nkr11.25 x
2014-12-31 Nkr63.83 Nkr11.25 x
2015-12-31 Nkr24.61 Nkr11.25 x
2016-12-31 Nkr37.54 Nkr11.25 x
2017-12-31 Nkr32.78 Nkr11.25 x
2018-12-31 Nkr33.47 Nkr11.25 x
2019-12-31 Nkr28.66 Nkr11.25 x
2020-12-31 Nkr30.80 Nkr11.25 x
2021-12-31 Nkr29.38 Nkr11.25 x
2022-12-31 Nkr20.93 Nkr11.25 x
2023-12-31 Nkr18.45 Nkr11.25 x
2024-12-31 Nkr16.58 Nkr11.25 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Techstep 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): -8.01%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -4.26%
  • • Asset Turnover: 0.91x
  • • Equity Multiplier: 2.06x
  • Recent ROE (-8.01%) is above the historical average (-33.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 -29.73% -133.12% 0.19x 1.16x Nkr-42.65 Million
2005 -33.89% -127.16% 0.23x 1.17x Nkr-69.96 Million
2006 -20.43% -75.12% 0.23x 1.20x Nkr-51.42 Million
2008 -118.10% -239.45% 0.36x 1.37x Nkr-264.57 Million
2009 -21.46% -34.69% 0.50x 1.23x Nkr-54.18 Million
2010 -49.88% -110.15% 0.34x 1.33x Nkr-70.73 Million
2011 -46.47% -73.31% 0.48x 1.33x Nkr-45.66 Million
2012 -68.75% -91.33% 0.55x 1.38x Nkr-46.17 Million
2013 -12.48% -12.41% 0.80x 1.26x Nkr-15.92 Million
2014 -14.91% -19.11% 0.61x 1.28x Nkr-16.44 Million
2015 -172.82% -76.38% 1.53x 1.47x Nkr-45.58 Million
2016 -17.21% -7.05% 1.13x 2.16x Nkr-63.97 Million
2017 -10.62% -6.05% 1.03x 1.70x Nkr-92.75 Million
2018 4.03% 1.94% 1.35x 1.53x Nkr-30.69 Million
2019 -14.10% -5.68% 1.39x 1.79x Nkr-109.96 Million
2020 -4.19% -2.06% 0.95x 2.13x Nkr-79.81 Million
2021 -18.52% -7.87% 0.99x 2.37x Nkr-158.09 Million
2022 -12.01% -5.19% 1.00x 2.32x Nkr-125.77 Million
2023 -7.76% -4.09% 0.86x 2.22x Nkr-101.92 Million
2024 -8.01% -4.26% 0.91x 2.06x Nkr-102.76 Million

Industry Comparison

This section compares Techstep ASA's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

  • Industry: Communication Equipment
  • Average net assets among peers: $168,344,828
  • Average return on equity (ROE) among peers: -11.03%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Techstep ASA (TECH) Nkr548.31 Million -29.73% 1.07x $7.87 Million
Huddly AS (HDLY) $389.76 Million -44.18% 0.62x $10.07 Million
Napatech A/S (NAPA) $89.87 Million 13.91% 0.36x $205.66 Million
Smartoptics Group AS (SMOP) $25.41 Million -2.82% 0.67x $107.31 Million