Readly International AB (READ) - Net Assets
Based on the latest financial reports, Readly International AB (READ) has net assets worth Skr70.07 Million SEK (≈ $7.54 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr293.80 Million ≈ $31.62 Million USD) and total liabilities (Skr223.73 Million ≈ $24.08 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. Read READ total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr70.07 Million |
| % of Total Assets | 23.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | -81.65% |
| 10-Year Change | N/A |
| Growth Volatility | 217.67 |
Readly International AB - Net Assets Trend (2016–2024)
This chart illustrates how Readly International AB's net assets have evolved over time, based on quarterly financial data. Also explore READ current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Readly International AB (2016–2024)
The table below shows the annual net assets of Readly International AB from 2016 to 2024. For live valuation and market cap data, see READ market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr70.07 Million ≈ $7.54 Million |
+101.94% |
| 2023-12-31 | Skr34.70 Million ≈ $3.73 Million |
-61.68% |
| 2022-12-31 | Skr90.56 Million ≈ $9.75 Million |
-55.11% |
| 2021-12-31 | Skr201.71 Million ≈ $21.71 Million |
-47.18% |
| 2020-12-31 | Skr381.90 Million ≈ $41.10 Million |
+597.25% |
| 2019-12-31 | Skr54.77 Million ≈ $5.89 Million |
+31.41% |
| 2018-12-31 | Skr41.68 Million ≈ $4.49 Million |
-2.37% |
| 2017-12-31 | Skr42.69 Million ≈ $4.59 Million |
+713.55% |
| 2016-12-31 | Skr-6.96 Million ≈ $-748.79K |
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Equity Component Analysis
This analysis shows how different components contribute to Readly International AB'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 86923800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr1.14 Million | 1.62% |
| Other Components | Skr1.18 Billion | 1687.52% |
| Total Equity | Skr70.07 Million | 100.00% |
Readly International AB Competitors by Market Cap
The table below lists competitors of Readly International AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oando PLC
JSE:OAO
|
$171.77 Million |
|
KGL Resources Ltd
AU:KGL
|
$171.82 Million |
|
Acumen Pharmaceuticals Inc
NASDAQ:ABOS
|
$171.87 Million |
|
Epsilon Energy Ltd
NASDAQ:EPSN
|
$171.89 Million |
|
Enlivex Therapeutics Ltd
TA:ENLV
|
$171.64 Million |
|
HB Technology CO.LTD
KQ:078150
|
$171.61 Million |
|
PT Buana Artha Anugerah Tbk
JK:STAR
|
$171.57 Million |
|
1Stdibs.Com Inc
NASDAQ:DIBS
|
$171.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Readly International AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,282,000 to 70,068,000, a change of 35,786,000 (104.4%).
- Net income of 100,497,000 contributed positively to equity growth.
- Dividend payments of 66,333,000 reduced retained earnings.
- Other comprehensive income decreased equity by 12,154,000.
- Other factors increased equity by 13,776,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr100.50 Million | +143.43% |
| Dividends Paid | Skr66.33 Million | -94.67% |
| Other Comprehensive Income | Skr-12.15 Million | -17.35% |
| Other Changes | Skr13.78 Million | +19.66% |
| Total Change | Skr- | 104.39% |
Book Value vs Market Value Analysis
This analysis compares Readly International AB'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: 14.34x
- 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 |
|---|---|---|---|
| 2016-12-31 | Skr-0.19 | Skr26.50 | x |
| 2017-12-31 | Skr1.16 | Skr26.50 | x |
| 2018-12-31 | Skr1.13 | Skr26.50 | x |
| 2019-12-31 | Skr1.49 | Skr26.50 | x |
| 2020-12-31 | Skr12.54 | Skr26.50 | x |
| 2021-12-31 | Skr5.36 | Skr26.50 | x |
| 2022-12-31 | Skr2.39 | Skr26.50 | x |
| 2023-12-31 | Skr0.90 | Skr26.50 | x |
| 2024-12-31 | Skr1.85 | Skr26.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Readly International AB 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): 143.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.86%
- • Asset Turnover: 2.47x
- • Equity Multiplier: 4.19x
- Recent ROE (143.43%) is above the historical average (-111.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | -91.11% | 2.02x | 0.00x | Skr-58.69 Million |
| 2017 | -163.56% | -55.17% | 1.23x | 2.41x | Skr-74.10 Million |
| 2018 | -259.07% | -55.43% | 1.44x | 3.25x | Skr-112.15 Million |
| 2019 | -267.49% | -55.65% | 1.49x | 3.23x | Skr-152.04 Million |
| 2020 | -51.69% | -56.43% | 0.61x | 1.51x | Skr-235.62 Million |
| 2021 | -109.80% | -47.71% | 0.91x | 2.54x | Skr-239.60 Million |
| 2022 | -132.48% | -20.66% | 1.52x | 4.23x | Skr-129.02 Million |
| 2023 | -160.23% | -8.28% | 2.25x | 8.58x | Skr-58.36 Million |
| 2024 | 143.43% | 13.86% | 2.47x | 4.19x | Skr93.49 Million |
Industry Comparison
This section compares Readly International AB's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $954,679,362
- Average return on equity (ROE) among peers: -9.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Readly International AB (READ) | Skr70.07 Million | 0.00% | 3.19x | $171.68 Million |
| Catena Media plc (CTM) | $107.53 Million | -10.75% | 0.05x | $22.35 Million |
| Eniro AB (ENRO) | $2.40 Billion | 0.00% | 1.01x | $47.63 Million |
| Hemnet Group AB (HEM) | $1.26 Billion | 26.89% | 0.71x | $1.13 Billion |
| Tourn International AB (TOURN) | $49.59 Million | -55.09% | 0.87x | $6.49 Million |
About Readly International AB
Readly International AB (publ) provides digital subscription services for magazines and newspapers in Sweden, Germany, the United Kingdom, and internationally. The company offers national and international magazines and newspapers to its customers, as well as digital gift cards. It also provides titles from publishers. The company was incorporated in 2012 and is headquartered in Stockholm, Sweden.