Vigo System SA
VIGO Photonics S.A. manufactures and sells semiconductor materials, and devices for photonic and microelectronic applications worldwide. It offers epi-wafers; infrared detectors comprising photoconductive, multi-channel, photovoltaic, and superlattice detectors; and infrared detection modules. The company's products are used in defense and security, environmental protection, healthcare, transport… Read more
Vigo System SA (VGO) - Net Assets
Latest net assets as of September 2025: zł168.02 Million PLN
Based on the latest financial reports, Vigo System SA (VGO) has net assets worth zł168.02 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł219.56 Million) and total liabilities (zł51.54 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 | zł168.02 Million |
| % of Total Assets | 76.53% |
| Annual Growth Rate | 21.58% |
| 5-Year Change | 69.56% |
| 10-Year Change | 462.41% |
| Growth Volatility | 16.14 |
Vigo System SA - Net Assets Trend (2012–2024)
This chart illustrates how Vigo System SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vigo System SA (2012–2024)
The table below shows the annual net assets of Vigo System SA from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł170.54 Million | -13.95% |
| 2023-12-31 | zł198.18 Million | +43.07% |
| 2022-12-31 | zł138.52 Million | +4.10% |
| 2021-12-31 | zł133.07 Million | +32.30% |
| 2020-12-31 | zł100.58 Million | +47.78% |
| 2019-12-31 | zł68.06 Million | +25.53% |
| 2018-12-31 | zł54.22 Million | +31.59% |
| 2017-12-31 | zł41.20 Million | +9.38% |
| 2016-12-31 | zł37.67 Million | +24.23% |
| 2015-12-31 | zł30.32 Million | +21.51% |
| 2014-12-31 | zł24.96 Million | +27.47% |
| 2013-12-31 | zł19.58 Million | +19.77% |
| 2012-12-31 | zł16.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vigo System SA'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 155.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł875.00K | 0.51% |
| Other Components | zł173.75 Million | 101.88% |
| Total Equity | zł170.54 Million | 100.00% |
Vigo System SA Competitors by Market Cap
The table below lists competitors of Vigo System SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of the James Financial Group
NASDAQ:BOTJ
|
$74.16 Million |
|
Gozde Girisim Sermayesi Yatirim Ortakligi AS
IS:GOZDE
|
$74.18 Million |
|
United Bancorp Inc
NASDAQ:UBCP
|
$74.19 Million |
|
Sabina Public Company Limited
BK:SABINA
|
$74.21 Million |
|
Chengdu Qinchuan IoT Technology Co Ltd
SHG:688528
|
$74.12 Million |
|
Suwen Tekstil Sanayi Pazarlama AS
IS:SUWEN
|
$74.10 Million |
|
Serko Ltd
AU:SKO
|
$74.07 Million |
|
Lifeway Foods Inc
NASDAQ:LWAY
|
$74.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vigo System SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 198,180,000 to 170,542,000, a change of -27,638,000 (-13.9%).
- Net loss of 4,083,000 reduced equity.
- New share issuances of 61,532,000 increased equity.
- Other comprehensive income decreased equity by 104,394,000.
- Other factors increased equity by 19,307,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-4.08 Million | -2.39% |
| Share Issuances | zł61.53 Million | +36.08% |
| Other Comprehensive Income | zł-104.39 Million | -61.21% |
| Other Changes | zł19.31 Million | +11.32% |
| Total Change | zł- | -13.95% |
Book Value vs Market Value Analysis
This analysis compares Vigo System SA'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: 2.56x
- 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 21.23x to 2.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | zł23.55 | zł500.00 | x |
| 2013-12-31 | zł28.21 | zł500.00 | x |
| 2014-12-31 | zł34.23 | zł500.00 | x |
| 2015-12-31 | zł41.60 | zł500.00 | x |
| 2016-12-31 | zł51.67 | zł500.00 | x |
| 2017-12-31 | zł56.52 | zł500.00 | x |
| 2018-12-31 | zł74.38 | zł500.00 | x |
| 2019-12-31 | zł93.36 | zł500.00 | x |
| 2020-12-31 | zł137.97 | zł500.00 | x |
| 2021-12-31 | zł179.89 | zł500.00 | x |
| 2022-12-31 | zł189.99 | zł500.00 | x |
| 2023-12-31 | zł271.85 | zł500.00 | x |
| 2024-12-31 | zł194.95 | zł500.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vigo System SA 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): -2.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.21%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.29x
- Recent ROE (-2.39%) is below the historical average (22.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 45.33% | 38.62% | 0.70x | 1.67x | zł5.77 Million |
| 2013 | 35.44% | 33.60% | 0.72x | 1.47x | zł4.98 Million |
| 2014 | 29.20% | 35.59% | 0.62x | 1.33x | zł4.79 Million |
| 2015 | 31.22% | 36.99% | 0.66x | 1.28x | zł6.44 Million |
| 2016 | 26.56% | 39.14% | 0.51x | 1.34x | zł6.24 Million |
| 2017 | 23.16% | 35.11% | 0.48x | 1.37x | zł5.42 Million |
| 2018 | 24.01% | 34.80% | 0.41x | 1.66x | zł7.60 Million |
| 2019 | 20.40% | 32.37% | 0.34x | 1.88x | zł7.08 Million |
| 2020 | 32.36% | 60.89% | 0.32x | 1.66x | zł22.49 Million |
| 2021 | 23.26% | 42.67% | 0.33x | 1.67x | zł17.39 Million |
| 2022 | 5.21% | 10.64% | 0.27x | 1.83x | zł-6.63 Million |
| 2023 | -1.50% | -3.96% | 0.23x | 1.63x | zł-22.80 Million |
| 2024 | -2.39% | -5.21% | 0.36x | 1.29x | zł-21.14 Million |
Industry Comparison
This section compares Vigo System SA's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $3,305,361
- Average return on equity (ROE) among peers: -154.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vigo System SA (VGO) | zł168.02 Million | 45.33% | 0.31x | $74.15 Million |
| Noctiluca S.A. (NCL) | $3.31 Million | -154.78% | 0.39x | $205.57K |