WeConnect (ALWEC) - Net Assets
Based on the latest financial reports, WeConnect (ALWEC) has net assets worth €96.94 Million EUR (≈ $113.33 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€343.77 Million ≈ $401.91 Million USD) and total liabilities (€246.84 Million ≈ $288.58 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. Also explore ALWEC asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €96.94 Million |
| % of Total Assets | 28.2% |
| Annual Growth Rate | 14.69% |
| 5-Year Change | 168.33% |
| 10-Year Change | 524.98% |
| Growth Volatility | 35.49 |
WeConnect - Net Assets Trend (2003–2025)
This chart illustrates how WeConnect's net assets have evolved over time, based on quarterly financial data. Check WeConnect tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for WeConnect (2003–2025)
The table below shows the annual net assets of WeConnect from 2003 to 2025. For live valuation and market cap data, see ALWEC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €96.94 Million ≈ $113.33 Million |
+58.81% |
| 2024-12-31 | €61.04 Million ≈ $71.36 Million |
+19.30% |
| 2023-12-31 | €51.16 Million ≈ $59.81 Million |
+19.50% |
| 2022-12-31 | €42.82 Million ≈ $50.06 Million |
+18.52% |
| 2021-12-31 | €36.13 Million ≈ $42.24 Million |
+21.98% |
| 2020-12-31 | €29.62 Million ≈ $34.63 Million |
+16.92% |
| 2019-12-31 | €25.33 Million ≈ $29.62 Million |
+10.57% |
| 2018-12-31 | €22.91 Million ≈ $26.78 Million |
+17.26% |
| 2017-12-31 | €19.54 Million ≈ $22.84 Million |
+25.96% |
| 2016-12-31 | €15.51 Million ≈ $18.13 Million |
+28.86% |
| 2015-12-31 | €12.04 Million ≈ $14.07 Million |
+78544.18% |
| 2014-12-31 | €-15.34K ≈ $-17.94K |
-100.40% |
| 2013-12-31 | €3.85 Million ≈ $4.50 Million |
-6.36% |
| 2012-12-31 | €4.11 Million ≈ $4.80 Million |
-25.16% |
| 2011-12-31 | €5.49 Million ≈ $6.42 Million |
-13.00% |
| 2010-12-31 | €6.31 Million ≈ $7.37 Million |
-12.76% |
| 2009-12-31 | €7.23 Million ≈ $8.45 Million |
-19.77% |
| 2008-12-31 | €9.01 Million ≈ $10.54 Million |
-16.12% |
| 2007-12-31 | €10.74 Million ≈ $12.56 Million |
+0.23% |
| 2006-12-31 | €10.72 Million ≈ $12.53 Million |
+10.17% |
| 2005-12-31 | €9.73 Million ≈ $11.38 Million |
+91.91% |
| 2004-12-31 | €5.07 Million ≈ $5.93 Million |
+6.67% |
| 2003-12-31 | €4.75 Million ≈ $5.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WeConnect'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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €15.53 Million | 16.02% |
| Other Components | €81.41 Million | 83.98% |
| Total Equity | €96.94 Million | 100.00% |
WeConnect Competitors by Market Cap
The table below lists competitors of WeConnect ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Renergen Ltd.
JSE:REN
|
$75.87 Million |
|
Saigon Thuong Tin Real Estate JSC
VN:SCR
|
$75.91 Million |
|
TOVIS Co.Ltd
KQ:051360
|
$75.93 Million |
|
Fortune Parts Industry Public Company Limited
BK:FPI
|
$75.93 Million |
|
Genohco Inc.
KQ:361390
|
$75.80 Million |
|
Mastech Holdings Inc
NYSE MKT:MHH
|
$75.80 Million |
|
Afarak Group Oyj
HE:AFAGR
|
$75.79 Million |
|
Consolidated Construction Consortium Limited
NSE:CCCL
|
$75.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WeConnect's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 61,038,220 to 96,936,178, a change of 35,897,958 (58.8%).
- Net income of 37,500,000 contributed positively to equity growth.
- Dividend payments of 1,179,998 reduced retained earnings.
- Other comprehensive income decreased equity by 42,489,495.
- Other factors increased equity by 42,067,451.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €37.50 Million | +38.69% |
| Dividends Paid | €1.18 Million | -1.22% |
| Other Comprehensive Income | €-42.49 Million | -43.83% |
| Other Changes | €42.07 Million | +43.4% |
| Total Change | €- | 58.81% |
Book Value vs Market Value Analysis
This analysis compares WeConnect'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: 0.78x
- 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 0.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | €814.45 | €25.50 | x |
| 2008-12-31 | €790.48 | €25.50 | x |
| 2009-12-31 | €634.19 | €25.50 | x |
| 2010-12-31 | €553.24 | €25.50 | x |
| 2011-12-31 | €481.32 | €25.50 | x |
| 2012-12-31 | €358.00 | €25.50 | x |
| 2013-12-31 | €337.31 | €25.50 | x |
| 2014-12-31 | €-1.35 | €25.50 | x |
| 2015-12-31 | €4.51 | €25.50 | x |
| 2016-12-31 | €5.69 | €25.50 | x |
| 2017-12-31 | €7.16 | €25.50 | x |
| 2018-12-31 | €8.39 | €25.50 | x |
| 2019-12-31 | €9.26 | €25.50 | x |
| 2020-12-31 | €10.79 | €25.50 | x |
| 2021-12-31 | €13.12 | €25.50 | x |
| 2022-12-31 | €15.49 | €25.50 | x |
| 2023-12-31 | €18.63 | €25.50 | x |
| 2024-12-31 | €20.70 | €25.50 | x |
| 2025-12-31 | €32.83 | €25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WeConnect 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): 38.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.26%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 3.55x
- Recent ROE (38.69%) is above the historical average (6.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 6.25% | 0.88% | 1.66x | 4.29x | €-190.00K |
| 2005 | 2.88% | 0.30% | 3.78x | 2.57x | €-693.00K |
| 2006 | 9.23% | 1.64% | 2.21x | 2.55x | €-83.00K |
| 2007 | 5.78% | 0.90% | 2.36x | 2.73x | €-453.50K |
| 2008 | -13.89% | -2.22% | 2.06x | 3.03x | €-2.15 Million |
| 2009 | -24.64% | -3.74% | 2.71x | 2.43x | €-2.51 Million |
| 2010 | -14.63% | -2.34% | 2.50x | 2.50x | €-1.55 Million |
| 2011 | -14.92% | -2.19% | 3.20x | 2.13x | €-1.37 Million |
| 2012 | -33.60% | -4.94% | 2.48x | 2.74x | €-1.79 Million |
| 2013 | -6.79% | -0.90% | 2.01x | 3.75x | €-645.60K |
| 2014 | 0.00% | -9.16% | 348.75x | 0.00x | €-5.11 Million |
| 2015 | 23.79% | 4.28% | 1.54x | 3.61x | €1.65 Million |
| 2016 | 22.16% | 4.55% | 1.53x | 3.18x | €1.89 Million |
| 2017 | 23.75% | 4.95% | 1.25x | 3.84x | €2.69 Million |
| 2018 | 18.94% | 3.56% | 1.34x | 3.97x | €2.05 Million |
| 2019 | 9.26% | 1.52% | 1.38x | 4.43x | €-187.31K |
| 2020 | 17.37% | 2.44% | 1.57x | 4.53x | €2.18 Million |
| 2021 | 17.58% | 2.93% | 1.61x | 3.74x | €2.74 Million |
| 2022 | 18.40% | 3.32% | 1.50x | 3.68x | €3.60 Million |
| 2023 | 18.66% | 3.62% | 1.66x | 3.10x | €4.43 Million |
| 2024 | 12.63% | 2.57% | 1.36x | 3.62x | €1.61 Million |
| 2025 | 38.69% | 8.26% | 1.32x | 3.55x | €27.81 Million |
Industry Comparison
This section compares WeConnect's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $2,380,006,570
- Average return on equity (ROE) among peers: 12.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WeConnect (ALWEC) | €96.94 Million | 6.25% | 2.55x | $75.85 Million |
| 2CRSI S.A. (AL2SI) | $1.36 Million | 47.42% | 25.58x | $674.48 Million |
| Drone Volt SA (ALDRV) | $180.20K | 11.04% | 0.58x | $29.35 Million |
| Logic Instrume (ALLOG) | $3.74 Million | -2.79% | 0.84x | $24.21 Million |
| MGI Digital (ALMDG) | $19.17 Billion | 13.81% | 0.20x | $66.42 Million |
| Ordissimo (ALORD) | $1.21 Million | 56.30% | 1.95x | $3.16 Million |
| Metavisio (Thomson Computing) (ALTHO) | $6.88 Million | 11.06% | 2.30x | $1.11 Million |
| Artois Nom. (ARTO) | $2.21 Billion | 0.38% | 0.05x | $2.48 Billion |
| Guillemot Corporation S.A. (GUI) | $21.51 Million | -20.90% | 1.34x | $67.89 Million |
| Octopus Robots SA (MLOCT) | $2.08 Million | 0.42% | 0.54x | $23.19 Million |
About WeConnect
We.Connect SA designs, manufactures, assembles, and distributes hardware and computers, and peripheral and electronic equipment in France. Its products include computers; monitors; multimedia products; storage products, including internal and external hard, SSD, and multimedia hard drives, as well as Wi-Fi storage devices. The company's products also consist of PC accessories, such as mouse, keyb… Read more