I-Tech (ITECH) - Net Assets
Based on the latest financial reports, I-Tech (ITECH) has net assets worth Skr189.83 Million SEK (≈ $20.43 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr218.49 Million ≈ $23.51 Million USD) and total liabilities (Skr28.66 Million ≈ $3.08 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. Also explore ITECH current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr189.83 Million |
| % of Total Assets | 86.88% |
| 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. Check tangible net worth ratio of I-Tech to evaluate the tangible quality of the company's equity base.
Annual Net Assets for I-Tech (2015–2025)
The table below shows the annual net assets of I-Tech from 2015 to 2025. For live valuation and market cap data, see ITECH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr174.39 Million ≈ $18.77 Million |
+10.80% |
| 2024-12-31 | Skr157.39 Million ≈ $16.94 Million |
+15.52% |
| 2023-12-31 | Skr136.24 Million ≈ $14.66 Million |
+17.41% |
| 2022-12-31 | Skr116.03 Million ≈ $12.49 Million |
+10.57% |
| 2021-12-31 | Skr104.94 Million ≈ $11.29 Million |
-1.56% |
| 2020-12-31 | Skr106.60 Million ≈ $11.47 Million |
-4.31% |
| 2019-12-31 | Skr111.41 Million ≈ $11.99 Million |
+8.18% |
| 2018-12-31 | Skr102.98 Million ≈ $11.08 Million |
+178.67% |
| 2017-12-31 | Skr36.95 Million ≈ $3.98 Million |
+5.94% |
| 2016-12-31 | Skr34.88 Million ≈ $3.75 Million |
-6.07% |
| 2015-12-31 | Skr37.14 Million ≈ $4.00 Million |
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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 3735600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr1.79 Million | 1.03% |
| Common Stock | Skr24.00 Million | 13.76% |
| Other Comprehensive Income | Skr1.56 Million | 0.90% |
| Other Components | Skr147.04 Million | 84.32% |
| 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 |
|---|---|
|
Ahn-Gook Pharmaceutical Co. Ltd
KQ:001540
|
$88.34 Million |
|
Novonix Ltd
AU:NVX
|
$88.38 Million |
|
Anterogen.Co.Ltd
KQ:065660
|
$88.45 Million |
|
Fuzetec Technology Co Ltd
TWO:6642
|
$88.49 Million |
|
Arbe Robotics Ltd
NASDAQ:ARBE
|
$88.31 Million |
|
Lion Selection Group Ltd
AU:LSX
|
$88.18 Million |
|
Imaflex Inc
V:IFX
|
$88.17 Million |
|
SRV YHTIOET OYJ
F:B7J1
|
$88.15 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: 4.69x
- 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 5.35x to 4.69x 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 | Skr68.40 | x |
| 2016-12-31 | Skr2.92 | Skr68.40 | x |
| 2017-12-31 | Skr3.10 | Skr68.40 | x |
| 2018-12-31 | Skr8.65 | Skr68.40 | x |
| 2019-12-31 | Skr9.36 | Skr68.40 | x |
| 2020-12-31 | Skr8.95 | Skr68.40 | x |
| 2021-12-31 | Skr8.81 | Skr68.40 | x |
| 2022-12-31 | Skr9.74 | Skr68.40 | x |
| 2023-12-31 | Skr11.44 | Skr68.40 | x |
| 2024-12-31 | Skr13.22 | Skr68.40 | x |
| 2025-12-31 | Skr14.58 | Skr68.40 | 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: $1,034,140,767
- Average return on equity (ROE) among peers: -67.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| I-Tech (ITECH) | Skr189.83 Million | -23.15% | 0.15x | $88.31 Million |
| Svenska Aerogel Holding AB (publ) (AERO) | $22.36 Million | -170.43% | 1.94x | $4.16 Million |
| Arla Plast AB (ARPL) | $341.78 Million | 24.91% | 0.74x | $86.59 Million |
| aXichem AB (AXIC-A) | $8.01 Million | -43.47% | 1.17x | $16.60 Million |
| HEXPOL AB (publ) (HPOL-B) | $8.59 Billion | 19.16% | 0.68x | $3.12 Billion |
| Nexam Chemical Holding AB (NEXAM) | $183.31 Million | -4.91% | 0.26x | $36.40 Million |
| Organoclick AB (ORGC) | $107.73 Million | -28.81% | 0.75x | $6.51 Million |
| Photocat AS (PCAT) | $7.57 Million | -67.64% | 0.92x | $3.35 Million |
| Polygiene AB (POLYG) | $41.29 Million | -7.66% | 0.39x | $19.62 Million |
| Triboron International AB (publ) (TRIBO-B) | $3.21 Million | -324.43% | 0.93x | $7.17 Million |
About I-Tech
I-Tech AB provides antifouling coating products in Sweden. It offers Selektope, an antifouling solution, which operates by selectively stimulating octopamine receptors in barnacle larvae, triggering a temporary swimming behavior that causes the larva to detach from the treated surface without being harmed. The company was founded in 1990 and is based in Mölndal, Sweden.