Zignsec AB
ZignSec AB (publ) provides Software as a Service platform with digital real time solutions for customers due diligence and identity verification worldwide. Its platform offers a range of digital verification methods, such as online identity verification, identity document authentication, identity data verification, electronic IDs, identity document verification, biometric check, PEP and sanction … Read more
Zignsec AB (ZIGN) - Net Assets
Latest net assets as of September 2024: Skr122.20 Million SEK
Based on the latest financial reports, Zignsec AB (ZIGN) has net assets worth Skr122.20 Million SEK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr157.50 Million) and total liabilities (Skr35.30 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 | Skr122.20 Million |
| % of Total Assets | 77.59% |
| Annual Growth Rate | 57.45% |
| 5-Year Change | 357.47% |
| 10-Year Change | N/A |
| Growth Volatility | 251.65 |
Zignsec AB - Net Assets Trend (2015–2023)
This chart illustrates how Zignsec AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zignsec AB (2015–2023)
The table below shows the annual net assets of Zignsec AB from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Skr149.62 Million | -29.98% |
| 2022-12-31 | Skr213.69 Million | -25.42% |
| 2021-12-31 | Skr286.53 Million | +323.19% |
| 2020-12-31 | Skr67.71 Million | +107.01% |
| 2019-12-31 | Skr32.71 Million | +212.12% |
| 2018-12-31 | Skr10.48 Million | +727.07% |
| 2017-12-31 | Skr1.27 Million | -41.48% |
| 2016-12-31 | Skr2.17 Million | -45.34% |
| 2015-12-31 | Skr3.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zignsec 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 31997102500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr3.54 Million | 2.37% |
| Other Comprehensive Income | Skr27.43 Million | 18.33% |
| Other Components | Skr438.71 Million | 293.21% |
| Total Equity | Skr149.62 Million | 100.00% |
Zignsec AB Competitors by Market Cap
The table below lists competitors of Zignsec AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alliance Aviation Services Ltd
AU:AQZ
|
$12.48 Million |
|
Minetech Resources Bhd
KLSE:7219
|
$12.49 Million |
|
TURBOMECANICA S.A.
RO:TBM
|
$12.49 Million |
|
Oasis Home Holding Berhad
KLSE:0357
|
$12.49 Million |
|
SAF Tehnika A/S
F:VTZ
|
$12.47 Million |
|
Kronox Lab Sciences Ltd
NSE:KRONOX
|
$12.47 Million |
|
MIG Holdings S.A.
F:M3K0
|
$12.47 Million |
|
Mikobeaute International Co., Ltd.
TWO:6574
|
$12.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zignsec AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 213,689,683 to 149,622,032, a change of -64,067,651 (-30.0%).
- Net loss of 93,551,613 reduced equity.
- New share issuances of 16,286,496 increased equity.
- Other comprehensive income increased equity by 5,330,468.
- Other factors increased equity by 7,866,998.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-93.55 Million | -62.53% |
| Share Issuances | Skr16.29 Million | +10.89% |
| Other Comprehensive Income | Skr5.33 Million | +3.56% |
| Other Changes | Skr7.87 Million | +5.26% |
| Total Change | Skr- | -29.98% |
Book Value vs Market Value Analysis
This analysis compares Zignsec 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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.05x to 1.15x 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 | Skr0.19 | Skr1.35 | x |
| 2016-12-31 | Skr0.10 | Skr1.35 | x |
| 2017-12-31 | Skr0.06 | Skr1.35 | x |
| 2018-12-31 | Skr0.51 | Skr1.35 | x |
| 2019-12-31 | Skr1.58 | Skr1.35 | x |
| 2020-12-31 | Skr2.63 | Skr1.35 | x |
| 2021-12-31 | Skr8.01 | Skr1.35 | x |
| 2022-12-31 | Skr2.82 | Skr1.35 | x |
| 2023-12-31 | Skr1.17 | Skr1.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zignsec 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): -62.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -110.43%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.30x
- Recent ROE (-62.53%) is below the historical average (-52.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -3.86% | 0.00% | 0.00x | 1.04x | Skr-548.84K |
| 2016 | -82.91% | -690.38% | 0.10x | 1.22x | Skr-2.01 Million |
| 2017 | -149.80% | -248.43% | 0.43x | 1.41x | Skr-2.02 Million |
| 2018 | -26.70% | -128.05% | 0.18x | 1.15x | Skr-3.85 Million |
| 2019 | -31.69% | -157.66% | 0.18x | 1.10x | Skr-13.63 Million |
| 2020 | -23.10% | -101.44% | 0.19x | 1.21x | Skr-20.33 Million |
| 2021 | -27.21% | -146.06% | 0.14x | 1.38x | Skr-105.75 Million |
| 2022 | -65.31% | -155.22% | 0.32x | 1.31x | Skr-160.94 Million |
| 2023 | -62.53% | -110.43% | 0.44x | 1.30x | Skr-108.51 Million |
Industry Comparison
This section compares Zignsec AB's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $148,833,439
- Average return on equity (ROE) among peers: -21.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zignsec AB (ZIGN) | Skr122.20 Million | -3.86% | 0.29x | $12.47 Million |
| 4C Group AB (4C) | $268.86 Million | -6.23% | 0.92x | $16.40 Million |
| Alpcot Holding AB Series B (ALPCOT-B) | $80.02 Million | -52.35% | 0.49x | $5.17 Million |
| Binero Group AB (BINERO) | $89.97 Million | -32.35% | 0.66x | $19.75 Million |
| Clavister Holding AB (publ.) (CLAV) | $208.38 Million | -26.49% | 0.33x | $104.50 Million |
| Cyber Security 1 AB (CYB1) | $-2.54 Million | 0.00% | 0.00x | $1.05 Million |
| Enea AB (ENEA) | $730.08 Million | 0.00% | 0.40x | $59.43 Million |
| Freja eID Group AB (FREJA) | $30.96 Million | -26.29% | 1.01x | $13.91 Million |
| Sonetel AB (SONE) | $30.72 Million | -1.80% | 0.41x | $1.11 Million |
| West International AB (WPAY) | $33.49 Million | -70.65% | 0.64x | $9.09 Million |
| Yubico AB (YUBICO) | $18.40 Million | 0.00% | 0.08x | $150.95 Million |