Kudelski (KUD) - Net Assets
Based on the latest financial reports, Kudelski (KUD) has net assets worth CHF317.67 Million CHF (≈ $401.62 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF545.73 Million ≈ $689.95 Million USD) and total liabilities (CHF228.06 Million ≈ $288.33 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 Kudelski (KUD) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF317.67 Million |
| % of Total Assets | 58.21% |
| Annual Growth Rate | 1.24% |
| 5-Year Change | -14.81% |
| 10-Year Change | -29.58% |
| Growth Volatility | 14.79 |
Kudelski - Net Assets Trend (2004–2024)
This chart illustrates how Kudelski's net assets have evolved over time, based on quarterly financial data. Also explore Kudelski total assets for the complete picture of this company's asset base.
Annual Net Assets for Kudelski (2004–2024)
The table below shows the annual net assets of Kudelski from 2004 to 2024. For live valuation and market cap data, see market cap of Kudelski.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CHF314.39 Million ≈ $397.47 Million |
+5.85% |
| 2023-12-31 | CHF297.00 Million ≈ $375.49 Million |
-17.86% |
| 2022-12-31 | CHF361.57 Million ≈ $457.13 Million |
-8.85% |
| 2021-12-31 | CHF396.66 Million ≈ $501.49 Million |
+7.49% |
| 2020-12-31 | CHF369.03 Million ≈ $466.55 Million |
-8.52% |
| 2019-12-31 | CHF403.42 Million ≈ $510.03 Million |
-8.97% |
| 2018-12-31 | CHF443.16 Million ≈ $560.28 Million |
-9.86% |
| 2017-12-31 | CHF491.62 Million ≈ $621.55 Million |
+0.00% |
| 2016-12-31 | CHF491.62 Million ≈ $621.54 Million |
+10.11% |
| 2015-12-31 | CHF446.47 Million ≈ $564.45 Million |
-2.19% |
| 2014-12-31 | CHF456.47 Million ≈ $577.11 Million |
-8.96% |
| 2013-12-31 | CHF501.40 Million ≈ $633.91 Million |
+4.56% |
| 2012-12-31 | CHF479.52 Million ≈ $606.24 Million |
+3.23% |
| 2011-12-31 | CHF464.52 Million ≈ $587.27 Million |
-6.95% |
| 2010-12-31 | CHF499.19 Million ≈ $631.11 Million |
+9.54% |
| 2009-12-31 | CHF455.70 Million ≈ $576.12 Million |
-14.18% |
| 2008-12-31 | CHF531.01 Million ≈ $671.34 Million |
-3.70% |
| 2007-12-31 | CHF551.42 Million ≈ $697.14 Million |
+30.54% |
| 2006-12-31 | CHF422.42 Million ≈ $534.05 Million |
+42.47% |
| 2005-12-31 | CHF296.50 Million ≈ $374.86 Million |
+20.74% |
| 2004-12-31 | CHF245.58 Million ≈ $310.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kudelski'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 19129268691.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CHF346.62 Million | 112.94% |
| Other Comprehensive Income | CHF-16.08 Million | -5.24% |
| Other Components | CHF56.99 Million | 18.57% |
| Total Equity | CHF306.92 Million | 100.00% |
Kudelski Competitors by Market Cap
The table below lists competitors of Kudelski ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATHOS IMMO (IJM.SG)
STU:IJM
|
$81.46 Million |
|
Done.ai Group AB
ST:DONE
|
$81.47 Million |
|
The Naga Group AG
XETRA:N4G
|
$81.47 Million |
|
Austin Engineering Ltd
AU:ANG
|
$81.48 Million |
|
Intercont (Cayman) Limited Ordinary shares
NASDAQ:NCT
|
$81.42 Million |
|
Tah Kong Chemical Industrial
TWO:4706
|
$81.42 Million |
|
Asiana IDT Inc
KO:267850
|
$81.39 Million |
|
Genasys Inc
NASDAQ:GNSS
|
$81.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kudelski's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 269,952,000 to 306,917,000, a change of 36,965,000 (13.7%).
- Net income of 11,412,000 contributed positively to equity growth.
- New share issuances of 52,000 increased equity.
- Other comprehensive income increased equity by 34,303,000.
- Other factors decreased equity by 8,802,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF11.41 Million | +3.72% |
| Share Issuances | CHF52.00K | +0.02% |
| Other Comprehensive Income | CHF34.30 Million | +11.18% |
| Other Changes | CHF-8.80 Million | -2.87% |
| Total Change | CHF- | 13.69% |
Book Value vs Market Value Analysis
This analysis compares Kudelski'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: 0.23x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CHF4.80 | CHF1.25 | x |
| 2005-12-31 | CHF5.32 | CHF1.25 | x |
| 2006-12-31 | CHF7.00 | CHF1.25 | x |
| 2007-12-31 | CHF9.64 | CHF1.25 | x |
| 2008-12-31 | CHF9.05 | CHF1.25 | x |
| 2009-12-31 | CHF8.73 | CHF1.25 | x |
| 2010-12-31 | CHF9.86 | CHF1.25 | x |
| 2011-12-31 | CHF9.09 | CHF1.25 | x |
| 2012-12-31 | CHF9.53 | CHF1.25 | x |
| 2013-12-31 | CHF9.16 | CHF1.25 | x |
| 2014-12-31 | CHF8.00 | CHF1.25 | x |
| 2015-12-31 | CHF7.78 | CHF1.25 | x |
| 2016-12-31 | CHF8.66 | CHF1.25 | x |
| 2017-12-31 | CHF8.63 | CHF1.25 | x |
| 2018-12-31 | CHF7.46 | CHF1.25 | x |
| 2019-12-31 | CHF6.69 | CHF1.25 | x |
| 2020-12-31 | CHF6.16 | CHF1.25 | x |
| 2021-12-31 | CHF6.54 | CHF1.25 | x |
| 2022-12-31 | CHF5.99 | CHF1.25 | x |
| 2023-12-31 | CHF4.82 | CHF1.25 | x |
| 2024-12-31 | CHF5.48 | CHF1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kudelski 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): 3.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.86x
- Recent ROE (3.72%) is below the historical average (5.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 32.56% | 14.02% | 0.88x | 2.64x | CHF50.94 Million |
| 2005 | 21.72% | 11.48% | 0.74x | 2.55x | CHF32.30 Million |
| 2006 | 27.86% | 19.59% | 0.67x | 2.14x | CHF71.50 Million |
| 2007 | 12.71% | 7.14% | 0.77x | 2.32x | CHF12.42 Million |
| 2008 | -1.51% | -0.68% | 0.79x | 2.80x | CHF-49.73 Million |
| 2009 | 11.65% | 4.85% | 0.84x | 2.87x | CHF6.99 Million |
| 2010 | 14.57% | 6.35% | 0.94x | 2.45x | CHF22.05 Million |
| 2011 | -4.31% | -2.07% | 0.74x | 2.81x | CHF-63.91 Million |
| 2012 | 3.56% | 1.80% | 0.93x | 2.13x | CHF-30.23 Million |
| 2013 | 9.59% | 5.15% | 0.96x | 1.93x | CHF-2.01 Million |
| 2014 | 6.07% | 3.00% | 0.83x | 2.43x | CHF-17.04 Million |
| 2015 | 10.63% | 4.79% | 0.86x | 2.57x | CHF2.68 Million |
| 2016 | 13.54% | 6.46% | 0.79x | 2.65x | CHF16.64 Million |
| 2017 | -3.15% | -1.49% | 0.77x | 2.74x | CHF-61.69 Million |
| 2018 | -7.00% | -3.13% | 0.73x | 3.04x | CHF-69.11 Million |
| 2019 | -12.15% | -5.49% | 0.68x | 3.26x | CHF-81.14 Million |
| 2020 | -6.86% | -3.18% | 0.60x | 3.60x | CHF-57.05 Million |
| 2021 | 4.04% | 1.94% | 0.62x | 3.39x | CHF-21.57 Million |
| 2022 | -6.18% | -2.93% | 0.73x | 2.89x | CHF-54.09 Million |
| 2023 | -10.89% | -7.14% | 0.45x | 3.41x | CHF-56.39 Million |
| 2024 | 3.72% | 2.97% | 0.67x | 1.86x | CHF-19.28 Million |
Industry Comparison
This section compares Kudelski's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $462,280,000
- Average return on equity (ROE) among peers: 13.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kudelski (KUD) | CHF317.67 Million | 32.56% | 0.72x | $81.45 Million |
| SoftwareONE Holding AG (SWON) | $582.52 Million | -0.26% | 6.39x | $1.50 Billion |
| Temenos Group AG (TEMN) | $342.04 Million | 26.79% | 1.71x | $4.54 Billion |
About Kudelski
Kudelski SA, together with its subsidiaries, provides digital access and security solutions for digital television and interactive applications in Switzerland, the United States, France, Germany, Austria, and internationally. It operates through three segments: Digital TV, Cybersecurity, and Internet of Things (IoT). The Digital TV segment offers integrated solutions, including open conditional a… Read more