Vercom SA (VRC) - Net Assets
Based on the latest financial reports, Vercom SA (VRC) has net assets worth zł384.06 Million PLN (≈ $105.70 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 (zł559.03 Million ≈ $153.85 Million USD) and total liabilities (zł174.96 Million ≈ $48.15 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 Vercom SA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł384.06 Million |
| % of Total Assets | 68.7% |
| Annual Growth Rate | 72.37% |
| 5-Year Change | 1538.16% |
| 10-Year Change | N/A |
| Growth Volatility | 238.41 |
Vercom SA - Net Assets Trend (2017–2024)
This chart illustrates how Vercom SA's net assets have evolved over time, based on quarterly financial data. Also explore how large is Vercom SA's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Vercom SA (2017–2024)
The table below shows the annual net assets of Vercom SA from 2017 to 2024. For live valuation and market cap data, see VRC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł421.68 Million ≈ $116.05 Million |
+14.70% |
| 2023-12-31 | zł367.64 Million ≈ $101.18 Million |
-15.37% |
| 2022-12-31 | zł434.40 Million ≈ $119.55 Million |
+109.97% |
| 2021-12-31 | zł206.88 Million ≈ $56.94 Million |
+703.71% |
| 2020-12-31 | zł25.74 Million ≈ $7.08 Million |
+48.67% |
| 2019-12-31 | zł17.31 Million ≈ $4.77 Million |
-32.69% |
| 2018-12-31 | zł25.72 Million ≈ $7.08 Million |
+175.91% |
| 2017-12-31 | zł9.32 Million ≈ $2.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vercom 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 grown by 1026.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł96.23 Million | 22.92% |
| Common Stock | zł444.00K | 0.11% |
| Other Comprehensive Income | zł34.63 Million | 8.25% |
| Other Components | zł288.59 Million | 68.73% |
| Total Equity | zł419.89 Million | 100.00% |
Vercom SA Competitors by Market Cap
The table below lists competitors of Vercom SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$809.16 Million |
|
Hyperliquid Strategies Inc Common Stock
NASDAQ:PURR
|
$809.51 Million |
|
ABBISKO CAYMAN DL-00001
F:8ZD
|
$809.57 Million |
|
PennantPark Floating Rate Capital Ltd
NYSE:PFLT
|
$809.62 Million |
|
Beijing Electronic Zone Investment and Development Group Co Ltd
SHG:600658
|
$808.60 Million |
|
Standard Foods Corp
TW:1227
|
$808.52 Million |
|
United Overseas Australia Ltd
AU:UOS
|
$808.27 Million |
|
Cemindo Gemilang Tbk PT
JK:CMNT
|
$807.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vercom SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 365,911,000 to 419,892,000, a change of 53,981,000 (14.8%).
- Net income of 76,578,000 contributed positively to equity growth.
- Dividend payments of 35,438,000 reduced retained earnings.
- Other comprehensive income increased equity by 34,631,000.
- Other factors decreased equity by 21,790,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł76.58 Million | +18.24% |
| Dividends Paid | zł35.44 Million | -8.44% |
| Other Comprehensive Income | zł34.63 Million | +8.25% |
| Other Changes | zł-21.79 Million | -5.19% |
| Total Change | zł- | 14.75% |
Book Value vs Market Value Analysis
This analysis compares Vercom 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: 7.06x
- 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 decreased from 75.27x to 7.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | zł1.78 | zł133.80 | x |
| 2019-12-31 | zł1.20 | zł133.80 | x |
| 2020-12-31 | zł1.40 | zł133.80 | x |
| 2021-12-31 | zł12.39 | zł133.80 | x |
| 2022-12-31 | zł16.03 | zł133.80 | x |
| 2023-12-31 | zł16.50 | zł133.80 | x |
| 2024-12-31 | zł18.94 | zł133.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vercom 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): 18.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.43%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.49x
- Recent ROE (18.24%) is below the historical average (34.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 23.87% | 10.50% | 1.24x | 1.84x | zł3.57 Million |
| 2019 | 83.52% | 18.58% | 1.22x | 3.70x | zł12.73 Million |
| 2020 | 75.43% | 13.52% | 1.38x | 4.06x | zł16.84 Million |
| 2021 | 11.02% | 12.69% | 0.60x | 1.44x | zł2.11 Million |
| 2022 | 9.59% | 12.07% | 0.44x | 1.79x | zł-1.35 Million |
| 2023 | 19.24% | 20.87% | 0.60x | 1.53x | zł33.81 Million |
| 2024 | 18.24% | 15.43% | 0.79x | 1.49x | zł34.59 Million |
Industry Comparison
This section compares Vercom SA's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,408,434,181
- Average return on equity (ROE) among peers: 4.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vercom SA (VRC) | zł384.06 Million | 23.87% | 0.46x | $808.87 Million |
| Asseco Business Solutions S.A. (ABS) | $379.26 Million | 25.06% | 0.30x | $859.20 Million |
| Asseco Poland S.A. (ACP) | $12.89 Billion | 8.83% | 0.79x | $4.35 Billion |
| Asseco South Eastern Europe S.A. (ASE) | $705.81 Million | 7.76% | 0.16x | $912.62 Million |
| Brand 24 SA (B24) | $3.86 Million | -18.13% | 0.23x | $37.06 Million |
| Fabrity Holding S.A. (FAB) | $26.70 Million | 8.71% | 1.11x | $20.97 Million |
| LSI Software S.A. (LSI) | $32.10 Million | 15.70% | 0.37x | $34.24 Million |
| Nexity Global SA (NXG) | $-186.89K | 0.00% | 0.00x | $3.05 Million |
| Quantum Software SA (QNT) | $16.70 Million | 6.90% | 0.13x | $11.64 Million |
| Shoper S.A. (SHO) | $15.98 Million | 18.72% | 0.75x | $344.57 Million |
| Silvair Inc (SVRS) | $11.31 Million | -24.40% | 0.16x | $20.77 Million |
About Vercom SA
Vercom S.A. develops cloud communications platforms. The company's platforms enable companies to build and develop relationships with recipients through various channels, such as email, SMS, push, and instant messages. The company was founded in 2005 and is based in Poznan, Poland. Vercom S.A. is a subsidiary of Cyber_Folks S.A.