Evolving Systems Inc
Symbolic Logic, Inc. provides direct lending services to private and publicly traded companies in various industries. The company was formerly known as Evolving Systems, Inc. and changed its name to Symbolic Logic, Inc. in April 2022. The company was founded in 1985 and is based in Austin, Texas. Symbolic Logic, Inc. is a subsidiary of CCUR Holdings, Inc.
Evolving Systems Inc (EVOL) - Net Assets
Latest net assets as of September 2022: $28.85 Million USD
Based on the latest financial reports, Evolving Systems Inc (EVOL) has net assets worth $28.85 Million USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.20 Million) and total liabilities ($1.35 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 | $28.85 Million |
| % of Total Assets | 95.53% |
| Annual Growth Rate | -0.19% |
| 5-Year Change | 9.63% |
| 10-Year Change | 22.35% |
| Growth Volatility | 97.84 |
Evolving Systems Inc - Net Assets Trend (1998–2021)
This chart illustrates how Evolving Systems Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Evolving Systems Inc (1998–2021)
The table below shows the annual net assets of Evolving Systems Inc from 1998 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $37.73 Million | +289.35% |
| 2020-12-31 | $9.69 Million | +6.27% |
| 2019-12-31 | $9.12 Million | -50.50% |
| 2018-12-31 | $18.42 Million | -46.47% |
| 2017-12-31 | $34.41 Million | +17.31% |
| 2016-12-31 | $29.33 Million | -8.79% |
| 2015-12-31 | $32.16 Million | -5.55% |
| 2014-12-31 | $34.05 Million | +4.02% |
| 2013-12-31 | $32.73 Million | +6.16% |
| 2012-12-31 | $30.84 Million | -31.03% |
| 2011-12-31 | $44.71 Million | +25.04% |
| 2010-12-31 | $35.76 Million | +25.60% |
| 2009-12-31 | $28.47 Million | +42.76% |
| 2008-12-31 | $19.94 Million | +11.23% |
| 2007-12-31 | $17.93 Million | +76.49% |
| 2006-12-31 | $10.16 Million | -54.09% |
| 2005-12-31 | $22.12 Million | -24.53% |
| 2004-12-31 | $29.31 Million | +10.73% |
| 2003-12-31 | $26.47 Million | +349.38% |
| 2002-12-31 | $5.89 Million | -67.79% |
| 2001-12-31 | $18.29 Million | -50.35% |
| 2000-12-31 | $36.84 Million | +0.93% |
| 1999-12-31 | $36.50 Million | -7.36% |
| 1998-12-31 | $39.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Evolving Systems Inc'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 5005500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.00K | 0.03% |
| Other Components | $98.77 Million | 261.80% |
| Total Equity | $37.73 Million | 100.00% |
Evolving Systems Inc Competitors by Market Cap
The table below lists competitors of Evolving Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LDC Dental Public Company Limited
BK:LDC
|
$2.14 Million |
|
Skeleton Coast Uranium Corp.
V:SKEL
|
$2.14 Million |
|
Zur Shamir Holdings Ltd
TA:ZUR
|
$2.14 Million |
|
Cariboo Rose Resources Ltd
PINK:CROOF
|
$2.14 Million |
|
Manydev Studio SE
WAR:MAN
|
$2.14 Million |
|
Rayong Wire Industries Public Company Limited
BK:RWI
|
$2.14 Million |
|
RENFORTH RESS. INC. NEW
F:9RR
|
$2.14 Million |
|
Hacisco JSC
VN:HAS
|
$2.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Evolving Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 9,690,000 to 37,728,000, a change of 28,038,000 (289.3%).
- Net income of 17,445,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 10,345,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.45 Million | +46.24% |
| Other Comprehensive Income | $10.35 Million | +27.42% |
| Other Changes | $248.00K | +0.66% |
| Total Change | $- | 289.35% |
Book Value vs Market Value Analysis
This analysis compares Evolving Systems Inc'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: 0.19x
- 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 0.09x to 0.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $6.68 | $0.58 | x |
| 1999-12-31 | $6.01 | $0.58 | x |
| 2000-12-31 | $5.81 | $0.58 | x |
| 2001-12-31 | $2.80 | $0.58 | x |
| 2002-12-31 | $0.89 | $0.58 | x |
| 2003-12-31 | $3.28 | $0.58 | x |
| 2004-12-31 | $3.60 | $0.58 | x |
| 2005-12-31 | $2.37 | $0.58 | x |
| 2006-12-31 | $1.06 | $0.58 | x |
| 2007-12-31 | $1.83 | $0.58 | x |
| 2008-12-31 | $2.02 | $0.58 | x |
| 2009-12-31 | $2.81 | $0.58 | x |
| 2010-12-31 | $3.31 | $0.58 | x |
| 2011-12-31 | $3.99 | $0.58 | x |
| 2012-12-31 | $2.67 | $0.58 | x |
| 2013-12-31 | $2.78 | $0.58 | x |
| 2014-12-31 | $2.86 | $0.58 | x |
| 2015-12-31 | $2.69 | $0.58 | x |
| 2016-12-31 | $2.45 | $0.58 | x |
| 2017-12-31 | $2.87 | $0.58 | x |
| 2018-12-31 | $1.52 | $0.58 | x |
| 2019-12-31 | $0.75 | $0.58 | x |
| 2020-12-31 | $0.79 | $0.58 | x |
| 2021-12-31 | $3.08 | $0.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evolving Systems Inc 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): 46.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (46.24%) is above the historical average (-18.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -28.43% | -30.11% | 0.78x | 1.21x | $-15.14 Million |
| 1999 | -11.23% | -10.12% | 0.82x | 1.36x | $-7.75 Million |
| 2000 | -2.84% | -1.98% | 1.10x | 1.30x | $-4.73 Million |
| 2001 | -104.68% | -56.49% | 1.05x | 1.77x | $-20.98 Million |
| 2002 | -210.61% | -54.03% | 0.93x | 4.20x | $-13.00 Million |
| 2003 | 25.95% | 24.56% | 0.67x | 1.58x | $4.22 Million |
| 2004 | 1.45% | 1.61% | 0.30x | 2.95x | $-2.51 Million |
| 2005 | -12.66% | -7.10% | 0.59x | 3.05x | $-5.01 Million |
| 2006 | -165.22% | -49.61% | 0.66x | 5.05x | $-17.80 Million |
| 2007 | 3.34% | 1.66% | 0.67x | 3.00x | $-1.19 Million |
| 2008 | 14.69% | 7.74% | 0.83x | 2.28x | $934.80K |
| 2009 | 16.94% | 12.63% | 0.83x | 1.61x | $1.98 Million |
| 2010 | 14.97% | 14.35% | 0.74x | 1.41x | $1.78 Million |
| 2011 | 72.26% | 169.84% | 0.25x | 1.68x | $27.84 Million |
| 2012 | 18.04% | 21.20% | 0.72x | 1.19x | $2.48 Million |
| 2013 | 11.63% | 15.17% | 0.58x | 1.32x | $532.50K |
| 2014 | 16.47% | 18.89% | 0.67x | 1.30x | $2.20 Million |
| 2015 | 10.25% | 12.89% | 0.51x | 1.57x | $79.80K |
| 2016 | 11.71% | 13.86% | 0.57x | 1.49x | $501.60K |
| 2017 | 7.31% | 8.73% | 0.51x | 1.65x | $-925.30K |
| 2018 | -80.28% | -48.27% | 0.94x | 1.78x | $-16.63 Million |
| 2019 | -106.33% | -37.65% | 1.30x | 2.17x | $-10.61 Million |
| 2020 | 6.64% | 2.44% | 1.38x | 1.97x | $-326.00K |
| 2021 | 46.24% | 0.00% | 0.00x | 1.05x | $13.67 Million |
Industry Comparison
This section compares Evolving Systems Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evolving Systems Inc (EVOL) | $28.85 Million | -28.43% | 0.05x | $2.14 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |