SPENN Technology A/S
SPARK Technology A/S, a FinTech company, provides digital banking and payments services through software-as-a-service (SaaS) solution in Denmark. The company offers SPENN platform, a financial platform for financial inclusion through mobile banking applications and empowering businesses through payment solutions. It also engages in the development, maintenance, licensing, and sale of IT-systems a… Read more
SPENN Technology A/S (SPNNF) - Net Assets
Latest net assets as of December 2023: $95.56 Million USD
Based on the latest financial reports, SPENN Technology A/S (SPNNF) has net assets worth $95.56 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($173.81 Million) and total liabilities ($78.25 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 | $95.56 Million |
| % of Total Assets | 54.98% |
| Annual Growth Rate | 94.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6583.36 |
SPENN Technology A/S - Net Assets Trend (2019–2023)
This chart illustrates how SPENN Technology A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SPENN Technology A/S (2019–2023)
The table below shows the annual net assets of SPENN Technology A/S from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $95.56 Million | -48.73% |
| 2022-12-31 | $186.38 Million | +146.33% |
| 2021-12-31 | $75.66 Million | +15203.88% |
| 2020-12-31 | $494.40K | -92.54% |
| 2019-12-31 | $6.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPENN Technology A/S'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 6271.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $184.37 Million | 192.93% |
| Total Equity | $95.56 Million | 100.00% |
SPENN Technology A/S Competitors by Market Cap
The table below lists competitors of SPENN Technology A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Soltec Power Holdings S.A
MC:SOL
|
$9.00 Million |
|
Suratwwala Business Group Limited
NSE:SBGLP
|
$9.00 Million |
|
Greystone Logistics
OTCQB:GLGI
|
$9.00 Million |
|
KENEDIX OFFICE INV. CORP.
F:K9R
|
$9.00 Million |
|
Nortech Systems Incorporated
NASDAQ:NSYS
|
$8.99 Million |
|
Ennogie Solar Group A/S
CO:ESG
|
$8.99 Million |
|
Loyal Lithium Ltd.
AU:LLI
|
$8.99 Million |
|
Power Minerals Ltd
AU:PNN
|
$8.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPENN Technology A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 187,136,000 to 95,562,000, a change of -91,574,000 (-48.9%).
- Net loss of 23,649,000 reduced equity.
- Share repurchases of 20,317,000 reduced equity.
- Other factors decreased equity by 47,608,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-23.65 Million | -24.75% |
| Share Repurchases | $20.32 Million | -21.26% |
| Other Changes | $-47.61 Million | -49.82% |
| Total Change | $- | -48.93% |
Book Value vs Market Value Analysis
This analysis compares SPENN Technology A/S'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: 0.17x
- 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 decreased from 0.93x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.66 | $0.61 | x |
| 2020-12-31 | $0.05 | $0.61 | x |
| 2021-12-31 | $3.21 | $0.61 | x |
| 2022-12-31 | $7.54 | $0.61 | x |
| 2023-12-31 | $3.64 | $0.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPENN Technology A/S 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): -24.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.02%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.82x
- Recent ROE (-24.75%) is above the historical average (-299.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -132.38% | -4011.55% | 0.03x | 1.16x | $-9.44 Million |
| 2020 | -1240.76% | -1348.21% | 0.29x | 3.12x | $-6.18 Million |
| 2021 | -62.23% | -262.12% | 0.16x | 1.52x | $-55.44 Million |
| 2022 | -39.54% | -241.54% | 0.11x | 1.49x | $-92.70 Million |
| 2023 | -24.75% | -50.02% | 0.27x | 1.82x | $-33.21 Million |
Industry Comparison
This section compares SPENN Technology A/S's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPENN Technology A/S (SPNNF) | $95.56 Million | -132.38% | 0.82x | $8.99 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |