Zwipe AS
Zwipe AS provides biometric card-based access control security solutions to enterprises and facilities in Norway and internationally. The company provides Zwipe Pay, a biometric payment card platform for card manufacturers to deliver their own biometric payment cards; Zwipe Open, a platform for a Biometric System-on-Card, based on GlobalPlatform and Java Card; and Zwipe Access, an advanced biomet… Read more
Zwipe AS (ZWIPE) - Net Assets
Latest net assets as of June 2024: Nkr30.72 Million NOK
Based on the latest financial reports, Zwipe AS (ZWIPE) has net assets worth Nkr30.72 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 (Nkr53.68 Million) and total liabilities (Nkr22.96 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 | Nkr30.72 Million |
| % of Total Assets | 57.22% |
| Annual Growth Rate | 4.07% |
| 5-Year Change | -24.04% |
| 10-Year Change | N/A |
| Growth Volatility | 133.68 |
Zwipe AS - Net Assets Trend (2015–2023)
This chart illustrates how Zwipe 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 Zwipe AS (2015–2023)
The table below shows the annual net assets of Zwipe AS from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr61.09 Million | +11.82% |
| 2022-12-31 | Nkr54.63 Million | -61.82% |
| 2021-12-31 | Nkr143.09 Million | +21.28% |
| 2020-12-31 | Nkr117.98 Million | +46.70% |
| 2019-12-31 | Nkr80.42 Million | +1093.02% |
| 2018-12-31 | Nkr-8.10 Million | -120.98% |
| 2017-12-31 | Nkr38.60 Million | +316.50% |
| 2016-12-31 | Nkr9.27 Million | -79.13% |
| 2015-12-31 | Nkr44.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zwipe 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 3770300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr5.84 Million | 9.56% |
| Other Comprehensive Income | Nkr1.00K | 0.00% |
| Other Components | Nkr55.25 Million | 90.44% |
| Total Equity | Nkr61.09 Million | 100.00% |
Zwipe AS Competitors by Market Cap
The table below lists competitors of Zwipe AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROBERT HALF INTL - Dusseldorf Stock Exchang
DU:RHJ
|
$180.87K |
|
ORIANA POWER LTD
NSE:ORIANA-SM
|
$180.96K |
|
United States Cellular Preferred 5.500% due 2070
NYSE:UZE
|
$181.08K |
|
NB Private Equity Partners Limited
PINK:NBPVF
|
$181.20K |
|
C WorldWide Indien KL A
CO:CWIIA
|
$180.73K |
|
Embrace Change Acquisition Corp Rights
NASDAQ:EMCGR
|
$180.71K |
|
LINDAB INTERNAT.
BE:L5E
|
$180.70K |
|
Cuisine Solutions Inc
PINK:CUSI
|
$180.60K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zwipe AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 54,633,000 to 61,093,000, a change of 6,460,000 (11.8%).
- Net loss of 100,038,000 reduced equity.
- New share issuances of 100,137,000 increased equity.
- Other factors increased equity by 6,361,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-100.04 Million | -163.75% |
| Share Issuances | Nkr100.14 Million | +163.91% |
| Other Changes | Nkr6.36 Million | +10.41% |
| Total Change | Nkr- | 11.82% |
Book Value vs Market Value Analysis
This analysis compares Zwipe 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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Nkr2.73 | Nkr0.03 | x |
| 2016-12-31 | Nkr0.57 | Nkr0.03 | x |
| 2017-12-31 | Nkr2.37 | Nkr0.03 | x |
| 2018-12-31 | Nkr-0.62 | Nkr0.03 | x |
| 2019-12-31 | Nkr4.51 | Nkr0.03 | x |
| 2020-12-31 | Nkr3.85 | Nkr0.03 | x |
| 2021-12-31 | Nkr3.76 | Nkr0.03 | x |
| 2022-12-31 | Nkr1.31 | Nkr0.03 | x |
| 2023-12-31 | Nkr1.13 | Nkr0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zwipe 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): -163.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4770.53%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.56x
- Recent ROE (-163.75%) is below the historical average (-128.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -40.12% | -2682.83% | 0.01x | 1.11x | Nkr-22.25 Million |
| 2016 | -391.67% | -7130.84% | 0.01x | 4.06x | Nkr-37.22 Million |
| 2017 | -139.25% | -5008.85% | 0.02x | 1.85x | Nkr-57.60 Million |
| 2018 | 0.00% | -3194.16% | 0.08x | 0.00x | Nkr-71.89 Million |
| 2019 | -118.31% | -6272.51% | 0.01x | 1.38x | Nkr-103.20 Million |
| 2020 | -52.61% | -3750.63% | 0.01x | 1.11x | Nkr-73.87 Million |
| 2021 | -58.33% | -4511.89% | 0.01x | 1.12x | Nkr-97.78 Million |
| 2022 | -191.79% | -3124.96% | 0.05x | 1.24x | Nkr-110.24 Million |
| 2023 | -163.75% | -4770.53% | 0.02x | 1.56x | Nkr-106.15 Million |
Industry Comparison
This section compares Zwipe AS's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $109,059,270
- Average return on equity (ROE) among peers: -45.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zwipe AS (ZWIPE) | Nkr30.72 Million | -40.12% | 0.75x | $180.81K |
| Elliptic Laboratories AS (ELABS) | $188.10 Million | -6.65% | 0.16x | $20.02 Million |
| Lokotech Group AS (LOKO) | $30.01 Million | -85.33% | 0.76x | $33.57 Million |