Volue AS
Volue ASA, together with its subsidiaries, engages in the provision of software and technology solutions for the energy, power grid, and infrastructure markets worldwide. It operates through three segments: Energy, Power Grid, and Infrastructure. The Energy segment offers software solutions and consulting services related to forecasting and optimization of the different energy markets that enable… Read more
Volue AS (VOLUE) - Net Assets
Latest net assets as of June 2024: Nkr910.77 Million NOK
Based on the latest financial reports, Volue AS (VOLUE) has net assets worth Nkr910.77 Million NOK as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.01 Billion) and total liabilities (Nkr1.10 Billion). 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 | Nkr910.77 Million |
| % of Total Assets | 45.39% |
| Annual Growth Rate | 17.81% |
| 5-Year Change | 200.25% |
| 10-Year Change | N/A |
| Growth Volatility | 67.05 |
Volue AS - Net Assets Trend (2018–2023)
This chart illustrates how Volue 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 Volue AS (2018–2023)
The table below shows the annual net assets of Volue AS from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr849.71 Million | +5.41% |
| 2022-12-31 | Nkr806.14 Million | +5.12% |
| 2021-12-31 | Nkr766.88 Million | +3.20% |
| 2020-12-31 | Nkr743.09 Million | +162.57% |
| 2019-12-31 | Nkr283.00 Million | -24.44% |
| 2018-12-31 | Nkr374.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Volue 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 decreased by 2179.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr4.53 Billion | 533.11% |
| Total Equity | Nkr849.71 Million | 100.00% |
Volue AS Competitors by Market Cap
The table below lists competitors of Volue AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Virginia National Bankshares Corp
NASDAQ:VABK
|
$183.87 Million |
|
Minami Acoustics Ltd. A
SHE:301383
|
$183.90 Million |
|
Platinum Group Metals Ltd
NYSE MKT:PLG
|
$183.90 Million |
|
Nouveau Monde Graphite Inc
NYSE:NMG
|
$183.97 Million |
|
Hanssem
KO:009240
|
$183.78 Million |
|
Indraprastha Medical Corporation Limited
NSE:INDRAMEDCO
|
$183.78 Million |
|
Chemplast Sanmar Limited
NSE:CHEMPLASTS
|
$183.76 Million |
|
Selvas Ai Inc.
KQ:108860
|
$183.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Volue AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 806,138,000 to 849,713,000, a change of 43,575,000 (5.4%).
- Net income of 36,044,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr36.04 Million | +4.24% |
| Other Changes | Nkr7.53 Million | +0.89% |
| Total Change | Nkr- | 5.41% |
Book Value vs Market Value Analysis
This analysis compares Volue 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: 7.04x
- 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 19.48x to 7.04x 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 | Nkr2.14 | Nkr41.70 | x |
| 2019-12-31 | Nkr2.01 | Nkr41.70 | x |
| 2020-12-31 | Nkr6.87 | Nkr41.70 | x |
| 2021-12-31 | Nkr5.32 | Nkr41.70 | x |
| 2022-12-31 | Nkr5.60 | Nkr41.70 | x |
| 2023-12-31 | Nkr5.92 | Nkr41.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Volue 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): 4.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.42%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.50x
- Recent ROE (4.24%) is below the historical average (9.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.25% | 0.09% | 0.76x | 3.57x | Nkr-29.35 Million |
| 2019 | 33.57% | 11.61% | 0.88x | 3.28x | Nkr66.70 Million |
| 2020 | 11.12% | 9.22% | 0.61x | 1.99x | Nkr8.26 Million |
| 2021 | 3.64% | 2.62% | 0.61x | 2.29x | Nkr-48.58 Million |
| 2022 | 2.40% | 1.59% | 0.66x | 2.31x | Nkr-61.27 Million |
| 2023 | 4.24% | 2.42% | 0.70x | 2.50x | Nkr-48.93 Million |
Industry Comparison
This section compares Volue AS's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $217,095,500
- Average return on equity (ROE) among peers: -64.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Volue AS (VOLUE) | Nkr910.77 Million | 0.25% | 1.20x | $183.80 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 |
| SmartCraft ASA (SMCRT) | $765.57 Million | 8.89% | 0.27x | $115.21 Million |