F-Secure Oyj
WithSecure Oyj operates in corporate security business worldwide. The company's software and services include WithSecure Elements Cloud that integrates software, services, and all security capabilities into a single unified solution; and WithSecure Luminen which blends the power of GenAI with the workflows of IT security; WithSecure Elements Extended Detection and Response (XDR) that protects dev… Read more
F-Secure Oyj (FSOYF) - Net Assets
Latest net assets as of September 2025: $51.05 Million USD
Based on the latest financial reports, F-Secure Oyj (FSOYF) has net assets worth $51.05 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($146.10 Million) and total liabilities ($95.05 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 | $51.05 Million |
| % of Total Assets | 34.94% |
| Annual Growth Rate | 4.02% |
| 5-Year Change | -15.91% |
| 10-Year Change | -10.15% |
| Growth Volatility | 21.74 |
F-Secure Oyj - Net Assets Trend (2003–2024)
This chart illustrates how F-Secure Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for F-Secure Oyj (2003–2024)
The table below shows the annual net assets of F-Secure Oyj from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $69.23 Million | -32.77% |
| 2023-12-31 | $102.98 Million | -26.49% |
| 2022-12-31 | $140.09 Million | +46.90% |
| 2021-12-31 | $95.36 Million | +15.83% |
| 2020-12-31 | $82.33 Million | +8.10% |
| 2019-12-31 | $76.16 Million | +14.90% |
| 2018-12-31 | $66.28 Million | -4.59% |
| 2017-12-31 | $69.47 Million | -8.49% |
| 2016-12-31 | $75.91 Million | -1.48% |
| 2015-12-31 | $77.05 Million | -3.60% |
| 2014-12-31 | $79.93 Million | +9.86% |
| 2013-12-31 | $72.76 Million | +11.76% |
| 2012-12-31 | $65.10 Million | +9.31% |
| 2011-12-31 | $59.56 Million | +15.80% |
| 2010-12-31 | $51.43 Million | +5.39% |
| 2009-12-31 | $48.80 Million | +18.71% |
| 2008-12-31 | $41.11 Million | -39.13% |
| 2007-12-31 | $67.54 Million | +24.68% |
| 2006-12-31 | $54.17 Million | -5.18% |
| 2005-12-31 | $57.13 Million | +27.92% |
| 2004-12-31 | $44.66 Million | +47.72% |
| 2003-12-31 | $30.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to F-Secure Oyj'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 149.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $80.00K | 0.12% |
| Other Comprehensive Income | $84.88 Million | 122.60% |
| Total Equity | $69.23 Million | 100.00% |
F-Secure Oyj Competitors by Market Cap
The table below lists competitors of F-Secure Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Osisko Metals Incorporated
OTCQX:OMZNF
|
$132.03 Million |
|
GomSpace Group AB
ST:GOMX
|
$132.05 Million |
|
Incap Oyj
HE:ICP1V
|
$132.05 Million |
|
CoreCard Corp
NYSE:CCRD
|
$132.07 Million |
|
JINSUNG T.E.C. Inc
KQ:036890
|
$132.00 Million |
|
Carnarvon Petroleum Limited
PINK:CVONF
|
$131.99 Million |
|
TFE Co. Ltd.
KQ:425420
|
$131.94 Million |
|
Pine Cliff Energy Ltd
PINK:PIFYF
|
$131.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in F-Secure Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 102,980,000 to 69,233,000, a change of -33,747,000 (-32.8%).
- Net loss of 37,979,000 reduced equity.
- Other comprehensive income increased equity by 2,050,000.
- Other factors increased equity by 2,182,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-37.98 Million | -54.86% |
| Other Comprehensive Income | $2.05 Million | +2.96% |
| Other Changes | $2.18 Million | +3.15% |
| Total Change | $- | -32.77% |
Book Value vs Market Value Analysis
This analysis compares F-Secure Oyj'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: 2.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.74x to 2.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.21 | $0.98 | x |
| 2004-12-31 | $0.27 | $0.98 | x |
| 2005-12-31 | $0.35 | $0.98 | x |
| 2006-12-31 | $0.34 | $0.98 | x |
| 2007-12-31 | $0.44 | $0.98 | x |
| 2008-12-31 | $0.25 | $0.98 | x |
| 2009-12-31 | $0.31 | $0.98 | x |
| 2010-12-31 | $0.33 | $0.98 | x |
| 2011-12-31 | $0.38 | $0.98 | x |
| 2012-12-31 | $0.42 | $0.98 | x |
| 2013-12-31 | $0.47 | $0.98 | x |
| 2014-12-31 | $0.51 | $0.98 | x |
| 2015-12-31 | $0.49 | $0.98 | x |
| 2016-12-31 | $0.49 | $0.98 | x |
| 2017-12-31 | $0.44 | $0.98 | x |
| 2018-12-31 | $0.42 | $0.98 | x |
| 2019-12-31 | $0.48 | $0.98 | x |
| 2020-12-31 | $0.52 | $0.98 | x |
| 2021-12-31 | $0.60 | $0.98 | x |
| 2022-12-31 | $0.82 | $0.98 | x |
| 2023-12-31 | $0.59 | $0.98 | x |
| 2024-12-31 | $0.39 | $0.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently F-Secure Oyj 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): -54.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.74%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.67x
- Recent ROE (-54.86%) is below the historical average (12.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 10.54% | 8.18% | 0.72x | 1.78x | $163.60K |
| 2004 | 30.01% | 28.36% | 0.66x | 1.60x | $8.94 Million |
| 2005 | 11.56% | 10.69% | 0.66x | 1.65x | $892.90K |
| 2006 | 13.51% | 9.07% | 0.85x | 1.76x | $1.90 Million |
| 2007 | 22.87% | 15.96% | 0.84x | 1.70x | $8.69 Million |
| 2008 | 47.56% | 17.31% | 1.19x | 2.31x | $15.44 Million |
| 2009 | 38.42% | 14.98% | 1.18x | 2.17x | $13.87 Million |
| 2010 | 29.64% | 11.72% | 1.16x | 2.18x | $10.10 Million |
| 2011 | 27.49% | 11.21% | 1.16x | 2.11x | $10.41 Million |
| 2012 | 21.60% | 8.95% | 1.23x | 1.96x | $7.55 Million |
| 2013 | 22.63% | 10.62% | 1.14x | 1.88x | $9.19 Million |
| 2014 | 19.73% | 10.25% | 1.03x | 1.87x | $7.78 Million |
| 2015 | 28.62% | 14.94% | 0.88x | 2.18x | $14.35 Million |
| 2016 | 20.08% | 9.63% | 0.94x | 2.21x | $7.65 Million |
| 2017 | 15.49% | 6.34% | 0.97x | 2.51x | $3.81 Million |
| 2018 | 1.27% | 0.44% | 0.84x | 3.44x | $-5.78 Million |
| 2019 | 4.42% | 1.55% | 0.95x | 3.01x | $-4.25 Million |
| 2020 | 15.64% | 5.85% | 0.93x | 2.89x | $4.64 Million |
| 2021 | 13.30% | 5.37% | 0.96x | 2.58x | $3.15 Million |
| 2022 | -27.28% | -28.37% | 0.55x | 1.75x | $-52.22 Million |
| 2023 | -38.87% | -28.03% | 0.69x | 2.01x | $-50.33 Million |
| 2024 | -54.86% | -32.74% | 0.63x | 2.67x | $-44.90 Million |
Industry Comparison
This section compares F-Secure Oyj's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| F-Secure Oyj (FSOYF) | $51.05 Million | 10.54% | 1.86x | $132.01 Million |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |