I-Tech
I-Tech AB, a biotechnology company, develops, markets, and sells antifouling coating products in Sweden. The company offers Selektope, an organic, metal-free biocide used as a component in marine antifouling paints to prevent barnacles from settling on coated surfaces. It serves cleantech sector and marine paint industry. I-Tech AB was founded in 1990 and is based in Mölndal, Sweden.
I-Tech (ITECH) - Net Assets
Latest net assets as of December 2025: Skr174.39 Million SEK
Based on the latest financial reports, I-Tech (ITECH) has net assets worth Skr174.39 Million SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr193.73 Million) and total liabilities (Skr19.35 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 | Skr174.39 Million |
| % of Total Assets | 90.01% |
| Annual Growth Rate | 16.72% |
| 5-Year Change | 66.18% |
| 10-Year Change | 399.92% |
| Growth Volatility | 52.27 |
I-Tech - Net Assets Trend (2015–2025)
This chart illustrates how I-Tech's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for I-Tech (2015–2025)
The table below shows the annual net assets of I-Tech from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr174.39 Million | +10.80% |
| 2024-12-31 | Skr157.39 Million | +15.52% |
| 2023-12-31 | Skr136.24 Million | +17.41% |
| 2022-12-31 | Skr116.03 Million | +10.57% |
| 2021-12-31 | Skr104.94 Million | -1.56% |
| 2020-12-31 | Skr106.60 Million | -4.31% |
| 2019-12-31 | Skr111.41 Million | +8.18% |
| 2018-12-31 | Skr102.98 Million | +178.67% |
| 2017-12-31 | Skr36.95 Million | +5.94% |
| 2016-12-31 | Skr34.88 Million | -6.07% |
| 2015-12-31 | Skr37.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to I-Tech'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 6875900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr33.19 Million | 19.03% |
| Common Stock | Skr24.00 Million | 13.76% |
| Other Comprehensive Income | Skr1.56 Million | 0.90% |
| Other Components | Skr115.63 Million | 66.31% |
| Total Equity | Skr174.39 Million | 100.00% |
I-Tech Competitors by Market Cap
The table below lists competitors of I-Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
QuantaMatrix Inc.
KQ:317690
|
$41.89 Million |
|
SUN KWANG CO.Ltd
KQ:003100
|
$41.90 Million |
|
Atturra Ltd
AU:ATA
|
$41.91 Million |
|
Urja Global Limited
NSE:URJA
|
$41.92 Million |
|
Chi Sheng Chemical
TWO:4111
|
$41.85 Million |
|
Qua Granite Hayal Yapi ve Urunleri Sanayi Ticaret AS
IS:QUAGR
|
$41.84 Million |
|
DK-Lok Corporation
KQ:105740
|
$41.81 Million |
|
South Basic Chemicals JSC
VN:CSV
|
$41.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in I-Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 157,388,000 to 174,386,000, a change of 16,998,000 (10.8%).
- Net income of 33,194,000 contributed positively to equity growth.
- Dividend payments of 20,840,000 reduced retained earnings.
- Share repurchases of 4,644,000 reduced equity.
- New share issuances of 4,644,000 increased equity.
- Other comprehensive income increased equity by 18,000.
- Other factors increased equity by 4,626,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr33.19 Million | +19.03% |
| Dividends Paid | Skr20.84 Million | -11.95% |
| Share Repurchases | Skr4.64 Million | -2.66% |
| Share Issuances | Skr4.64 Million | +2.66% |
| Other Comprehensive Income | Skr18.00K | +0.01% |
| Other Changes | Skr4.63 Million | +2.65% |
| Total Change | Skr- | 10.80% |
Book Value vs Market Value Analysis
This analysis compares I-Tech'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: 3.58x
- 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 4.09x to 3.58x 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 | Skr12.78 | Skr52.20 | x |
| 2016-12-31 | Skr2.92 | Skr52.20 | x |
| 2017-12-31 | Skr3.10 | Skr52.20 | x |
| 2018-12-31 | Skr8.65 | Skr52.20 | x |
| 2019-12-31 | Skr9.36 | Skr52.20 | x |
| 2020-12-31 | Skr8.95 | Skr52.20 | x |
| 2021-12-31 | Skr8.81 | Skr52.20 | x |
| 2022-12-31 | Skr9.74 | Skr52.20 | x |
| 2023-12-31 | Skr11.44 | Skr52.20 | x |
| 2024-12-31 | Skr13.22 | Skr52.20 | x |
| 2025-12-31 | Skr14.58 | Skr52.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently I-Tech 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): 19.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.74%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.11x
- Recent ROE (19.03%) is above the historical average (-1.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -23.15% | -167.80% | 0.10x | 1.33x | Skr-12.31 Million |
| 2016 | -20.48% | -41.96% | 0.28x | 1.74x | Skr-10.63 Million |
| 2017 | -22.78% | -47.16% | 0.30x | 1.62x | Skr-12.11 Million |
| 2018 | -13.34% | -47.46% | 0.23x | 1.20x | Skr-24.04 Million |
| 2019 | 7.56% | 18.49% | 0.35x | 1.18x | Skr-2.71 Million |
| 2020 | -4.51% | -9.10% | 0.44x | 1.13x | Skr-15.47 Million |
| 2021 | -2.52% | -5.01% | 0.46x | 1.10x | Skr-13.14 Million |
| 2022 | 9.15% | 12.70% | 0.67x | 1.08x | Skr-986.50K |
| 2023 | 14.83% | 16.72% | 0.79x | 1.12x | Skr6.58 Million |
| 2024 | 24.79% | 21.74% | 1.04x | 1.10x | Skr23.27 Million |
| 2025 | 19.03% | 19.74% | 0.87x | 1.11x | Skr15.76 Million |
Industry Comparison
This section compares I-Tech's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $180,554,087
- Average return on equity (ROE) among peers: -54.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| I-Tech (ITECH) | Skr174.39 Million | -23.15% | 0.11x | $41.86 Million |
| Svenska Aerogel Holding AB (publ) (AERO) | $52.02 Million | -76.93% | 0.76x | $1.21 Million |
| Arla Plast AB (ARPL) | $389.45 Million | 20.58% | 0.48x | $36.28 Million |
| aXichem AB (AXIC-A) | $53.65 Million | -25.19% | 0.04x | $4.70 Million |
| KB Components AB (publ) (KBC) | $600.79 Million | 16.50% | 2.73x | $110.94 Million |
| Nexam Chemical Holding AB (NEXAM) | $183.31 Million | -4.91% | 0.26x | $16.50 Million |
| Organoclick AB (ORGC) | $13.29 Million | -60.10% | 0.52x | $4.39 Million |
| Photocat AS (PCAT) | $11.30 Million | -19.11% | 0.63x | $2.25K |
| Polygiene AB (POLYG) | $319.61 Million | 5.27% | 0.10x | $6.01 Million |
| Triboron International AB (publ) (TRIBO-B) | $1.57 Million | -346.46% | 1.18x | $1.87 Million |