Multitude AG
Multitude AG, together with its subsidiaries, provides digital lending and online banking services in Finland. Its loan portfolio consists of micro loans, Plus loans, Prime loans, instalment loans, secured loans, and revolving credit facilities; and working capital, credit line, and purchase financing. The company also offers saving and current accounts, and fixed-term deposits; and debit and cre… Read more
Multitude AG (MULT) - Net Assets
Latest net assets as of September 2024: €187.69 Million EUR
Based on the latest financial reports, Multitude AG (MULT) has net assets worth €187.69 Million EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.07 Billion) and total liabilities (€880.13 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 | €187.69 Million |
| % of Total Assets | 17.58% |
| Annual Growth Rate | 23.05% |
| 5-Year Change | 7.36% |
| 10-Year Change | N/A |
| Growth Volatility | 81.09 |
Multitude AG - Net Assets Trend (2014–2023)
This chart illustrates how Multitude AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Multitude AG (2014–2023)
The table below shows the annual net assets of Multitude AG from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €138.65 Million | -23.80% |
| 2022-12-31 | €181.96 Million | +7.36% |
| 2021-12-31 | €169.49 Million | +34.98% |
| 2020-12-31 | €125.57 Million | -2.76% |
| 2019-12-31 | €129.14 Million | +20.26% |
| 2018-12-31 | €107.38 Million | +2.03% |
| 2017-12-31 | €105.24 Million | +19.76% |
| 2016-12-31 | €87.88 Million | +13.19% |
| 2015-12-31 | €77.64 Million | +262.07% |
| 2014-12-31 | €21.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Multitude AG'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 609.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €87.26 Million | 62.94% |
| Common Stock | €40.13 Million | 28.95% |
| Other Comprehensive Income | €11.36 Million | 8.19% |
| Total Equity | €138.65 Million | 100.00% |
Multitude AG Competitors by Market Cap
The table below lists competitors of Multitude AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Branded Legacy Inc
PINK:BLEG
|
$56.91K |
|
QLOSR GROUP AB AK B
F:Y57
|
$57.02K |
|
Nwai
WAR:NWA
|
$57.04K |
|
Income Financial Trust
TO:INC-UN
|
$57.08K |
|
Telestrada SA
WAR:TLS
|
$56.82K |
|
TEMPEST THERAP. DL-01
F:3OS
|
$56.81K |
|
Nortec Minerals Corp
PINK:NMNZF
|
$56.78K |
|
Cerillion PLC
LSE:CER
|
$56.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Multitude AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 181,961,000 to 138,646,000, a change of -43,315,000 (-23.8%).
- Net income of 11,052,000 contributed positively to equity growth.
- Dividend payments of 2,591,000 reduced retained earnings.
- Share repurchases of 4,555,000 reduced equity.
- Other comprehensive income decreased equity by 2,932,000.
- Other factors decreased equity by 44,289,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €11.05 Million | +7.97% |
| Dividends Paid | €2.59 Million | -1.87% |
| Share Repurchases | €4.55 Million | -3.29% |
| Other Comprehensive Income | €-2.93 Million | -2.11% |
| Other Changes | €-44.29 Million | -31.94% |
| Total Change | €- | -23.80% |
Book Value vs Market Value Analysis
This analysis compares Multitude AG'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: 0.95x
- 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 decreased from 6.14x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | €0.99 | €6.10 | x |
| 2015-12-31 | €3.64 | €6.10 | x |
| 2016-12-31 | €4.05 | €6.10 | x |
| 2017-12-31 | €4.84 | €6.10 | x |
| 2018-12-31 | €4.95 | €6.10 | x |
| 2019-12-31 | €5.98 | €6.10 | x |
| 2020-12-31 | €5.82 | €6.10 | x |
| 2021-12-31 | €7.85 | €6.10 | x |
| 2022-12-31 | €8.43 | €6.10 | x |
| 2023-12-31 | €6.42 | €6.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Multitude AG 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): 7.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.74%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 7.15x
- Recent ROE (7.97%) is below the historical average (12.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 26.20% | 7.96% | 0.88x | 3.72x | €3.47 Million |
| 2015 | 14.08% | 9.84% | 0.79x | 1.80x | €3.16 Million |
| 2016 | 14.75% | 8.40% | 0.52x | 3.36x | €4.17 Million |
| 2017 | 19.06% | 9.05% | 0.51x | 4.15x | €9.53 Million |
| 2018 | 17.95% | 7.35% | 0.52x | 4.66x | €8.54 Million |
| 2019 | 18.31% | 8.06% | 0.47x | 4.79x | €10.73 Million |
| 2020 | 0.39% | 0.21% | 0.34x | 5.38x | €-12.07 Million |
| 2021 | 0.72% | 0.57% | 0.26x | 4.83x | €-15.72 Million |
| 2022 | 6.47% | 5.53% | 0.28x | 4.15x | €-6.42 Million |
| 2023 | 7.97% | 4.74% | 0.24x | 7.15x | €-2.81 Million |
Industry Comparison
This section compares Multitude AG's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,151,195,313,100
- Average return on equity (ROE) among peers: 3.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Multitude AG (MULT) | €187.69 Million | 26.20% | 4.69x | $56.87K |
| PT Bank Sinarmas Tbk (08S) | $6.07 Trillion | 0.11% | 5.02x | $303.68 Million |
| Seven Bank Ltd (0S7) | $275.85 Billion | 11.59% | 5.23x | $648.12 Million |
| Aktia Pankki Oyj (2A41) | $666.83 Million | 6.39% | 14.86x | $486.03 Million |
| Manx Financial Group PLC (3IM) | $24.98 Million | 11.18% | 11.36x | $13.98 Million |
| TowneBank (3T8) | $1.14 Billion | 7.67% | 6.46x | $2.10 Billion |
| TISCO Financial Group PCL (47T) | $42.45 Billion | 17.20% | 5.85x | $2.09 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $44.90 Billion | 9.50% | 14.37x | $867.69 Million |
| Fukuoka Financial Group Inc (4FK) | $853.06 Billion | 12.97% | 28.39x | $6.27 Billion |
| PT Bank KB Bukopin Tbk (5BB) | $14.11 Trillion | -42.76% | 4.97x | $15.54 Million |
| FIDEA Holdings Co. Ltd (5F9) | $109.23 Billion | 3.21% | 28.89x | $177.57 Million |