SFTCF
Softchoice Corporation designs, procures, implements, and manages information technology (IT) solutions in Canada and the United States. The company offers cloud and data center solutions, such as data center and application modernization; collaboration and digital workplace solutions comprising secure access, and adoption and change management; IT asset management solutions, including software a… Read more
SFTCF (SFTCF) - Net Assets
Latest net assets as of September 2024: $-111.54 Million USD
Based on the latest financial reports, SFTCF (SFTCF) has net assets worth $-111.54 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($525.01 Million) and total liabilities ($636.55 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 | $-111.54 Million |
| % of Total Assets | -21.24% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 37.75 |
SFTCF - Net Assets Trend (2020–2023)
This chart illustrates how SFTCF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SFTCF (2020–2023)
The table below shows the annual net assets of SFTCF from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $57.91 Million | +44.39% |
| 2022-12-31 | $40.11 Million | -31.12% |
| 2021-12-31 | $58.23 Million | +311.97% |
| 2020-12-31 | $-27.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SFTCF'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 11576100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $173.67 Million | 299.90% |
| Total Equity | $57.91 Million | 100.00% |
SFTCF Competitors by Market Cap
The table below lists competitors of SFTCF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMMOFINANZ AG
VI:IIA
|
$448.18 Million |
|
Bravura Solutions Limited
PINK:BVSFF
|
$448.30 Million |
|
Accolade, Inc.
NASDAQ:ACCD
|
$448.32 Million |
|
Shanghai Koal Software Co Ltd
SHG:603232
|
$448.35 Million |
|
Alembic Pharmaceuticals Limited
NSE:APLLTD
|
$447.90 Million |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
$447.80 Million |
|
Guangdong LingXiao Pump Industry Co Ltd
SHE:002884
|
$447.71 Million |
|
Guangdong Jiaying Pharmaceutical Co Ltd
SHE:002198
|
$447.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SFTCF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 40,108,000 to 57,910,000, a change of 17,802,000 (44.4%).
- Net income of 46,036,000 contributed positively to equity growth.
- Dividend payments of 18,329,000 reduced retained earnings.
- Share repurchases of 12,128,000 reduced equity.
- Other factors increased equity by 2,223,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.04 Million | +79.5% |
| Dividends Paid | $18.33 Million | -31.65% |
| Share Repurchases | $12.13 Million | -20.94% |
| Other Changes | $2.22 Million | +3.84% |
| Total Change | $- | 44.39% |
Book Value vs Market Value Analysis
This analysis compares SFTCF'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: 15.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-0.43 | $15.25 | x |
| 2021-12-31 | $0.98 | $15.25 | x |
| 2022-12-31 | $0.69 | $15.25 | x |
| 2023-12-31 | $0.97 | $15.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SFTCF 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): 79.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.64%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 10.12x
- Recent ROE (79.50%) is above the historical average (28.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -0.06% | 1.39x | 0.00x | $2.06 Million |
| 2021 | -19.76% | -1.27% | 1.41x | 11.01x | $-17.33 Million |
| 2022 | 54.28% | 2.35% | 1.55x | 14.89x | $17.76 Million |
| 2023 | 79.50% | 5.64% | 1.39x | 10.12x | $40.24 Million |
Industry Comparison
This section compares SFTCF's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,400,467,175
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SFTCF (SFTCF) | $-111.54 Million | 0.00% | N/A | $447.95 Million |
| Accenture plc (ACN) | $8.19 Billion | 50.21% | 1.52x | $121.95 Billion |
| adesso SE (ADSGF) | $34.37 Million | 11.38% | 1.03x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $69.73 |
| Atos SE (AEXAF) | $784.10 Million | 9.03% | 2.64x | $64.82K |
| AGILQ (AGILQ) | $79.87 Million | -25.27% | 1.69x | $5.00K |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $59.69 Million |
| Amadeus IT Group S.A (AMADF) | $2.65 Billion | 37.85% | 1.98x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $2.30 Billion | 29.77% | 2.05x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $-2.53K | 0.00% | 0.00x | $6.50 Billion |
| Amper S.A. (APMRF) | $-57.50 Million | 0.00% | 0.00x | $216.95 Million |