mySafety Group B
mySafety Group AB engages in the provision of insurance solutions in the Nordic market. It offers insurance coverage for ID theft and fraud. The company was formerly known as Empir Group AB (publ) and changed its name to mySafety Group AB in October 2023. mySafety Group AB was incorporated in 1987 and is headquartered in Stockholm, Sweden.
mySafety Group B (SAFETY-B) - Net Assets
Latest net assets as of September 2023: Skr50.77 Million SEK
Based on the latest financial reports, mySafety Group B (SAFETY-B) has net assets worth Skr50.77 Million SEK as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr354.59 Million) and total liabilities (Skr303.82 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 | Skr50.77 Million |
| % of Total Assets | 14.32% |
| Annual Growth Rate | -0.11% |
| 5-Year Change | -86.4% |
| 10-Year Change | 33.09% |
| Growth Volatility | 51.45 |
mySafety Group B - Net Assets Trend (2008–2022)
This chart illustrates how mySafety Group B's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for mySafety Group B (2008–2022)
The table below shows the annual net assets of mySafety Group B from 2008 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | Skr20.58 Million | -78.59% |
| 2021-12-31 | Skr96.09 Million | -15.25% |
| 2020-12-31 | Skr113.39 Million | -33.38% |
| 2019-12-31 | Skr170.19 Million | +12.47% |
| 2018-12-31 | Skr151.32 Million | +39.43% |
| 2017-12-31 | Skr108.53 Million | +84.03% |
| 2016-12-31 | Skr58.97 Million | +112.14% |
| 2015-12-31 | Skr27.80 Million | +97.80% |
| 2014-12-31 | Skr14.05 Million | -9.10% |
| 2013-12-31 | Skr15.46 Million | +9.00% |
| 2012-12-31 | Skr14.18 Million | -18.69% |
| 2011-12-31 | Skr17.45 Million | -1.31% |
| 2010-12-31 | Skr17.68 Million | -21.94% |
| 2009-12-31 | Skr22.64 Million | +8.38% |
| 2008-12-31 | Skr20.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to mySafety Group B'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 14435800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr5.54 Million | 26.90% |
| Other Components | Skr163.36 Million | 793.90% |
| Total Equity | Skr20.58 Million | 100.00% |
mySafety Group B Competitors by Market Cap
The table below lists competitors of mySafety Group B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ardea Resources Limited
PINK:ARRRF
|
$34.83 Million |
|
Werewolf Therapeutics Inc
NASDAQ:HOWL
|
$34.84 Million |
|
Ene Technology Inc
TW:6243
|
$34.86 Million |
|
CHINA DISPLAY O.T.H.HD-10
F:PJJ1
|
$34.87 Million |
|
Kezar Life Sciences Inc
NASDAQ:KZR
|
$34.80 Million |
|
eXoZymes, Inc.
NASDAQ:EXOZ
|
$34.79 Million |
|
TECH.OLYMPIC NA EO 5
F:TQZA
|
$34.79 Million |
|
Commercial National Financial Corporation
PINK:CEFC
|
$34.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in mySafety Group B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 88,661,000 to 20,577,000, a change of -68,084,000 (-76.8%).
- Net loss of 28,113,000 reduced equity.
- Dividend payments of 19,376,000 reduced retained earnings.
- Other factors decreased equity by 20,595,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-28.11 Million | -136.62% |
| Dividends Paid | Skr19.38 Million | -94.16% |
| Other Changes | Skr-20.59 Million | -100.09% |
| Total Change | Skr- | -76.79% |
Book Value vs Market Value Analysis
This analysis compares mySafety Group B'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: 5.02x
- 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 increased from 0.32x to 5.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Skr58.11 | Skr18.66 | x |
| 2009-12-31 | Skr62.97 | Skr18.66 | x |
| 2010-12-31 | Skr49.16 | Skr18.66 | x |
| 2011-12-31 | Skr32.77 | Skr18.66 | x |
| 2012-12-31 | Skr25.92 | Skr18.66 | x |
| 2013-12-31 | Skr28.25 | Skr18.66 | x |
| 2014-12-31 | Skr25.68 | Skr18.66 | x |
| 2015-12-31 | Skr42.37 | Skr18.66 | x |
| 2016-12-31 | Skr57.63 | Skr18.66 | x |
| 2017-12-31 | Skr40.24 | Skr18.66 | x |
| 2018-12-31 | Skr34.67 | Skr18.66 | x |
| 2019-12-31 | Skr26.74 | Skr18.66 | x |
| 2020-12-31 | Skr17.26 | Skr18.66 | x |
| 2021-12-31 | Skr16.02 | Skr18.66 | x |
| 2022-12-31 | Skr3.72 | Skr18.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently mySafety Group B 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): -136.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3162.32%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.22x
- Recent ROE (-136.62%) is below the historical average (-21.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -10.47% | -4.30% | 1.27x | 1.92x | Skr-4.28 Million |
| 2009 | 7.73% | 4.22% | 1.16x | 1.57x | Skr-514.30K |
| 2010 | -71.41% | -40.48% | 0.98x | 1.79x | Skr-14.39 Million |
| 2011 | -0.98% | -0.41% | 1.31x | 1.84x | Skr-1.92 Million |
| 2012 | -22.99% | -7.79% | 1.58x | 1.87x | Skr-4.68 Million |
| 2013 | 8.27% | 2.40% | 1.73x | 1.99x | Skr-268.10K |
| 2014 | -10.01% | -2.73% | 1.69x | 2.17x | Skr-2.81 Million |
| 2015 | -10.67% | -3.57% | 0.79x | 3.77x | Skr-5.05 Million |
| 2016 | -6.23% | -2.35% | 1.43x | 1.86x | Skr-9.57 Million |
| 2017 | 4.16% | 2.06% | 1.16x | 1.74x | Skr-6.34 Million |
| 2018 | -0.85% | -0.43% | 1.05x | 1.90x | Skr-14.37 Million |
| 2019 | -8.74% | -4.75% | 0.93x | 1.97x | Skr-26.06 Million |
| 2020 | -22.96% | -10.88% | 0.95x | 2.22x | Skr-31.49 Million |
| 2021 | -44.41% | -240.10% | 0.12x | 1.58x | Skr-48.24 Million |
| 2022 | -136.62% | -3162.32% | 0.04x | 1.22x | Skr-30.17 Million |
Industry Comparison
This section compares mySafety Group B's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $208,376,500
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| mySafety Group B (SAFETY-B) | Skr50.77 Million | -10.47% | 5.98x | $34.82 Million |
| Addnode Group AB (publ) (ANOD-B) | $964.66 Million | 8.53% | 1.06x | $744.57 Million |
| Avensia publ AB (AVEN) | $59.26 Million | 1.89% | 1.82x | $5.95 Million |
| B3 Consulting Group AB (B3) | $262.20 Million | 31.77% | 2.38x | $15.78 Million |
| CAG Group AB (publ) (CAG) | $192.20 Million | 14.15% | 0.86x | $41.51 Million |
| CombinedX AB (CX) | $226.90 Million | 21.73% | 0.88x | $27.96 Million |
| Exsitec Holding AB (EXS) | $98.59 Million | -7.53% | 0.99x | $66.59 Million |
| Fram Skandinavien AB Series B (FRAM-B) | $38.35 Million | -49.20% | 0.17x | $456.08K |
| Godsinlosen Nordic AB (GIAB) | $-13.40 Million | 0.00% | 0.00x | $143.79K |
| Know IT AB (KNOW) | $167.89 Million | 0.00% | 1.76x | $193.78 Million |
| Novotek AB (NTEK-B) | $87.10 Million | 13.40% | 0.52x | $37.16 Million |