Better Collective (BETCO) - Net Assets
Based on the latest financial reports, Better Collective (BETCO) has net assets worth Skr627.26 Million SEK (≈ $67.50 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 (Skr1.07 Billion ≈ $114.93 Million USD) and total liabilities (Skr440.73 Million ≈ $47.43 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. Check BETCO financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr627.26 Million |
| % of Total Assets | 58.73% |
| Annual Growth Rate | 73.3% |
| 5-Year Change | 322.0% |
| 10-Year Change | 14737.29% |
| Growth Volatility | 133.77 |
Better Collective - Net Assets Trend (2014–2024)
This chart illustrates how Better Collective's net assets have evolved over time, based on quarterly financial data. Also explore how large is Better Collective's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Better Collective (2014–2024)
The table below shows the annual net assets of Better Collective from 2014 to 2024. For live valuation and market cap data, see market cap of Better Collective.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr685.93 Million ≈ $73.82 Million |
+57.59% |
| 2023-12-31 | Skr435.27 Million ≈ $46.84 Million |
+5.41% |
| 2022-12-31 | Skr412.92 Million ≈ $44.44 Million |
+19.74% |
| 2021-12-31 | Skr344.85 Million ≈ $37.11 Million |
+112.16% |
| 2020-12-31 | Skr162.54 Million ≈ $17.49 Million |
+17.51% |
| 2019-12-31 | Skr138.32 Million ≈ $14.89 Million |
+61.10% |
| 2018-12-31 | Skr85.86 Million ≈ $9.24 Million |
+481.11% |
| 2017-12-31 | Skr14.78 Million ≈ $1.59 Million |
+144.70% |
| 2016-12-31 | Skr6.04 Million ≈ $649.79K |
+30.61% |
| 2015-12-31 | Skr4.62 Million ≈ $497.51K |
+64.75% |
| 2014-12-31 | Skr2.81 Million ≈ $301.97K |
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Equity Component Analysis
This analysis shows how different components contribute to Better Collective'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 grown by 12947.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr199.75 Million | 29.12% |
| Common Stock | Skr631.00K | 0.09% |
| Other Components | Skr485.55 Million | 70.79% |
| Total Equity | Skr685.93 Million | 100.00% |
Better Collective Competitors by Market Cap
The table below lists competitors of Better Collective ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Haixin Group Co Ltd A
SHG:600851
|
$899.83 Million |
|
Shenzhen Das Intellitech Co Ltd
SHE:002421
|
$899.89 Million |
|
PennantPark Floating Rate Capital Ltd
NYSE:PFLT
|
$899.91 Million |
|
Korea SPAC 3
KQ:222080
|
$900.19 Million |
|
Southside Bancshares, Inc.
NYSE:SBSI
|
$899.58 Million |
|
Gentherm Inc
NASDAQ:THRM
|
$899.55 Million |
|
I.E.S Holdings Ltd
TA:IES
|
$899.44 Million |
|
Diamond Power Infrastructure Limited
NSE:DIACABS
|
$899.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Better Collective's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 435,273,000 to 685,928,000, a change of 250,655,000 (57.6%).
- Net income of 34,014,000 contributed positively to equity growth.
- Share repurchases of 20,336,000 reduced equity.
- New share issuances of 139,451,000 increased equity.
- Other comprehensive income decreased equity by 14,572,000.
- Other factors increased equity by 112,098,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr34.01 Million | +4.96% |
| Share Repurchases | Skr20.34 Million | -2.96% |
| Share Issuances | Skr139.45 Million | +20.33% |
| Other Comprehensive Income | Skr-14.57 Million | -2.12% |
| Other Changes | Skr112.10 Million | +16.34% |
| Total Change | Skr- | 57.59% |
Book Value vs Market Value Analysis
This analysis compares Better Collective'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: 13.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1195.63x to 13.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Skr0.12 | Skr142.20 | x |
| 2016-12-31 | Skr0.16 | Skr142.20 | x |
| 2017-12-31 | Skr0.38 | Skr142.20 | x |
| 2018-12-31 | Skr2.38 | Skr142.20 | x |
| 2019-12-31 | Skr3.05 | Skr142.20 | x |
| 2020-12-31 | Skr3.34 | Skr142.20 | x |
| 2021-12-31 | Skr6.52 | Skr142.20 | x |
| 2022-12-31 | Skr7.26 | Skr142.20 | x |
| 2023-12-31 | Skr7.52 | Skr142.20 | x |
| 2024-12-31 | Skr10.69 | Skr142.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Better Collective 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): 4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.16%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.71x
- Recent ROE (4.96%) is below the historical average (26.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 61.71% | 25.09% | 1.98x | 1.24x | Skr2.39 Million |
| 2016 | 86.73% | 30.09% | 2.10x | 1.37x | Skr4.63 Million |
| 2017 | 54.82% | 26.56% | 0.79x | 2.62x | Skr6.62 Million |
| 2018 | 6.34% | 13.45% | 0.27x | 1.73x | Skr-3.14 Million |
| 2019 | 10.08% | 20.67% | 0.29x | 1.66x | Skr112.40K |
| 2020 | 13.49% | 24.05% | 0.29x | 1.94x | Skr5.67 Million |
| 2021 | 5.01% | 9.77% | 0.30x | 1.73x | Skr-17.19 Million |
| 2022 | 11.64% | 17.85% | 0.34x | 1.90x | Skr6.78 Million |
| 2023 | 9.15% | 12.19% | 0.35x | 2.15x | Skr-3.69 Million |
| 2024 | 4.96% | 9.16% | 0.32x | 1.71x | Skr-34.58 Million |
Industry Comparison
This section compares Better Collective's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $106,550,992
- Average return on equity (ROE) among peers: -89.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Better Collective (BETCO) | Skr627.26 Million | 61.71% | 0.70x | $899.81 Million |
| 24SevenOffice Scandinavia AB (247) | $414.56 Million | -17.81% | 0.89x | $67.95 Million |
| eEducation Albert AB (ALBERT) | $45.42 Million | -137.73% | 1.84x | $11.25 Million |
| AppSpotr AB (APTR) | $36.54 Million | -80.26% | 0.22x | $28.96 Million |
| BIMobject AB (BIM) | $282.06 Million | -28.81% | 0.34x | $71.75 Million |
| Bambuser AB (BUSER) | $7.37 Million | -268.23% | 0.60x | $24.10 Million |
| CodeMill AB (CDMIL) | $48.59 Million | -28.16% | 0.71x | $22.72 Million |
| Crunchfish AB (CFISH) | $58.77 Million | -44.06% | 0.13x | $30.49 Million |
| ChargePanel AB (CHARGE) | $672.00K | 3.13% | 2.05x | $5.99 Million |
| Checkin.com Group AB (CHECK) | $64.96 Million | -199.64% | 0.21x | $10.26 Million |
About Better Collective
Better Collective A/S, together with its subsidiaries, operates as a digital sports media company in Europe, North America, and internationally. It operates through Publishing and Paid Media segments. It owns and operates sports media platforms consisting of Action Network for sports betting insights; Playmaker HQ an unparalleled sports and entertainment content machine; Betarades for online spor… Read more