SECITS Holding AB (publ) (SECI) - Net Assets
Based on the latest financial reports, SECITS Holding AB (publ) (SECI) has net assets worth Skr7.74 Million SEK (≈ $833.06K USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr91.06 Million ≈ $9.80 Million USD) and total liabilities (Skr83.32 Million ≈ $8.97 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 SECITS Holding AB (publ) (SECI) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr7.74 Million |
| % of Total Assets | 8.5% |
| Annual Growth Rate | 34.43% |
| 5-Year Change | -5.48% |
| 10-Year Change | N/A |
| Growth Volatility | 695.48 |
SECITS Holding AB (publ) - Net Assets Trend (2016–2024)
This chart illustrates how SECITS Holding AB (publ)'s net assets have evolved over time, based on quarterly financial data. See SECI defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SECITS Holding AB (publ) (2016–2024)
The table below shows the annual net assets of SECITS Holding AB (publ) from 2016 to 2024. For live valuation and market cap data, see SECITS Holding AB (publ) (SECI) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr7.74 Million ≈ $833.06K |
-76.86% |
| 2023-12-31 | Skr33.46 Million ≈ $3.60 Million |
-22.39% |
| 2022-12-31 | Skr43.10 Million ≈ $4.64 Million |
-12.05% |
| 2021-12-31 | Skr49.01 Million ≈ $5.27 Million |
+498.47% |
| 2020-12-31 | Skr8.19 Million ≈ $881.31K |
+17.33% |
| 2019-12-31 | Skr6.98 Million ≈ $751.11K |
-43.63% |
| 2018-12-31 | Skr12.38 Million ≈ $1.33 Million |
-21.93% |
| 2017-12-31 | Skr15.86 Million ≈ $1.71 Million |
+2084.72% |
| 2016-12-31 | Skr726.00K ≈ $78.13K |
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Equity Component Analysis
This analysis shows how different components contribute to SECITS Holding AB (publ)'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr6.80 Million | 87.81% |
| Other Components | Skr944.00K | 12.19% |
| Total Equity | Skr7.74 Million | 100.00% |
SECITS Holding AB (publ) Competitors by Market Cap
The table below lists competitors of SECITS Holding AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Time Out Group plc
LSE:TMO
|
$461.03K |
|
Purple Biotech Ltd
TA:KTOV
|
$461.41K |
|
MOVEBYBIKE EUROPE AB
F:6ZR
|
$464.77K |
|
PURANIUM ENERGY LTD.
F:2DK
|
$469.66K |
|
Churchill China plc
LSE:CHH
|
$454.96K |
|
iQ International AG
F:IQL
|
$451.96K |
|
Enlivex Therapeutics Ltd
TA:ENLV
|
$451.85K |
|
CELLECTAR NEW22 DL-00001
F:NV4
|
$451.63K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SECITS Holding AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,455,553 to 7,741,000, a change of -25,714,553 (-76.9%).
- Net loss of 41,197,000 reduced equity.
- Other comprehensive income increased equity by 107,300,440.
- Other factors decreased equity by 91,817,993.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-41.20 Million | -532.19% |
| Other Comprehensive Income | Skr107.30 Million | +1386.13% |
| Other Changes | Skr-91.82 Million | -1186.13% |
| Total Change | Skr- | -76.86% |
Book Value vs Market Value Analysis
This analysis compares SECITS Holding AB (publ)'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: 0.55x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Skr0.09 | Skr0.01 | x |
| 2017-12-31 | Skr2.03 | Skr0.01 | x |
| 2018-12-31 | Skr1.32 | Skr0.01 | x |
| 2019-12-31 | Skr0.42 | Skr0.01 | x |
| 2020-12-31 | Skr0.38 | Skr0.01 | x |
| 2021-12-31 | Skr1.72 | Skr0.01 | x |
| 2022-12-31 | Skr0.44 | Skr0.01 | x |
| 2023-12-31 | Skr0.27 | Skr0.01 | x |
| 2024-12-31 | Skr0.02 | Skr0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SECITS Holding AB (publ) 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): -532.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -43.81%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 11.76x
- Recent ROE (-532.19%) is below the historical average (-176.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -351.49% | -13.98% | 1.03x | 24.39x | Skr-2.62 Million |
| 2017 | -77.45% | -48.01% | 0.77x | 2.10x | Skr-13.87 Million |
| 2018 | -87.97% | -22.02% | 1.29x | 3.09x | Skr-12.13 Million |
| 2019 | -118.38% | -17.38% | 1.77x | 3.86x | Skr-8.96 Million |
| 2020 | -154.19% | -43.57% | 1.14x | 3.10x | Skr-13.45 Million |
| 2021 | -49.29% | -33.20% | 0.56x | 2.64x | Skr-29.06 Million |
| 2022 | -107.34% | -37.70% | 0.67x | 4.22x | Skr-50.58 Million |
| 2023 | -113.47% | -32.67% | 0.81x | 4.31x | Skr-41.31 Million |
| 2024 | -532.19% | -43.81% | 1.03x | 11.76x | Skr-41.97 Million |
Industry Comparison
This section compares SECITS Holding AB (publ)'s net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $400,358,400
- Average return on equity (ROE) among peers: 12.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SECITS Holding AB (publ) (SECI) | Skr7.74 Million | -351.49% | 10.76x | $458.10K |
| Addnode Group AB (publ) (ANOD-B) | $793.83 Million | 10.89% | 0.68x | $587.76 Million |
| Avensia publ AB (AVEN) | $31.52 Million | 18.91% | 1.19x | $28.92 Million |
| B3 Consulting Group AB (B3) | $86.71 Million | 26.53% | 1.96x | $21.67 Million |
| CAG Group AB (publ) (CAG) | $63.16 Million | 18.18% | 0.98x | $79.45 Million |
| CombinedX AB (CX) | $40.47 Million | 33.60% | 1.57x | $76.09 Million |
| Dustin Group AB (DUST) | $1.32 Billion | 9.44% | 1.90x | $236.36 Million |
| Exsitec Holding AB (EXS) | $147.68 Million | 1.86% | 0.47x | $151.03 Million |
| Fram Skandinavien AB Series B (FRAM-B) | $38.98 Million | -33.51% | 0.50x | $1.76 Million |
| Know IT AB (KNOW) | $1.24 Billion | 18.71% | 0.79x | $240.28 Million |
| Novotek AB (NTEK-B) | $236.40 Million | 16.54% | 1.60x | $49.94 Million |
About SECITS Holding AB (publ)
SECITS Holding AB (publ) provides surveillance cameras and camera surveillance services in Sweden. Its products areas used by banks, authorities, property owners, BRF and apartment buildings, industry, building construction, trade, public transport, and logistics and shipping customers. The company was incorporated in 2015 and is based in Hägersten, Sweden.