Smartbroker Holding AG (SB1) - Net Assets
Based on the latest financial reports, Smartbroker Holding AG (SB1) has net assets worth €43.90 Million EUR (≈ $51.32 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 (€55.44 Million ≈ $64.81 Million USD) and total liabilities (€11.54 Million ≈ $13.49 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 how resilient are Smartbroker Holding AG 's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €43.90 Million |
| % of Total Assets | 79.18% |
| Annual Growth Rate | 21.09% |
| 5-Year Change | 61.03% |
| 10-Year Change | 2914.48% |
| Growth Volatility | 191.09 |
Smartbroker Holding AG - Net Assets Trend (2005–2024)
This chart illustrates how Smartbroker Holding AG 's net assets have evolved over time, based on quarterly financial data. Also explore SB1 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Smartbroker Holding AG (2005–2024)
The table below shows the annual net assets of Smartbroker Holding AG from 2005 to 2024. For live valuation and market cap data, see SB1 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €49.12 Million ≈ $57.43 Million |
+14.11% |
| 2023-12-31 | €43.05 Million ≈ $50.33 Million |
-12.91% |
| 2022-12-31 | €49.43 Million ≈ $57.79 Million |
-0.15% |
| 2021-12-31 | €49.50 Million ≈ $57.88 Million |
+62.27% |
| 2020-12-31 | €30.51 Million ≈ $35.67 Million |
+12.38% |
| 2019-12-31 | €27.15 Million ≈ $31.74 Million |
+40.58% |
| 2018-12-31 | €19.31 Million ≈ $22.58 Million |
+840.13% |
| 2017-12-31 | €2.05 Million ≈ $2.40 Million |
+13.37% |
| 2016-12-31 | €1.81 Million ≈ $2.12 Million |
+11.17% |
| 2015-12-31 | €1.63 Million ≈ $1.91 Million |
+4.98% |
| 2014-12-31 | €1.55 Million ≈ $1.81 Million |
-4.09% |
| 2013-12-31 | €1.62 Million ≈ $1.89 Million |
-12.35% |
| 2012-12-31 | €1.85 Million ≈ $2.16 Million |
-28.92% |
| 2011-12-31 | €2.60 Million ≈ $3.04 Million |
+14.10% |
| 2010-12-31 | €2.28 Million ≈ $2.66 Million |
-22.17% |
| 2009-12-31 | €2.93 Million ≈ $3.42 Million |
-41.16% |
| 2008-12-31 | €4.97 Million ≈ $5.81 Million |
+3.86% |
| 2007-12-31 | €4.79 Million ≈ $5.60 Million |
+18.88% |
| 2006-12-31 | €4.03 Million ≈ $4.71 Million |
+210.85% |
| 2005-12-31 | €1.30 Million ≈ $1.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Smartbroker Holding 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 723551800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €16.78 Million | 34.14% |
| Other Components | €45.27 Million | 92.11% |
| Total Equity | €49.15 Million | 100.00% |
Smartbroker Holding AG Competitors by Market Cap
The table below lists competitors of Smartbroker Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Amar Indonesia
JK:AMAR
|
$208.99 Million |
|
Namyang Dairy
KO:003920
|
$209.00 Million |
|
Voyager Therapeutics Inc
NASDAQ:VYGR
|
$209.06 Million |
|
Jacob Finance And Investments Ltd
TA:JCFN
|
$209.20 Million |
|
Vestel Elektronik Sanayi ve Ticaret AS
IS:VESTL
|
$208.87 Million |
|
Indoco Remedies Limited
NSE:INDOCO
|
$208.80 Million |
|
GOLFZON Co. Ltd
KQ:215000
|
$208.77 Million |
|
Taiwan Fu Hsing Industrial Co Ltd
TW:9924
|
$208.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smartbroker Holding AG 's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,069,000 to 49,151,000, a change of 6,082,000 (14.1%).
- Net loss of 1,385,000 reduced equity.
- New share issuances of 7,645,000 increased equity.
- Other comprehensive income decreased equity by 179,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.39 Million | -2.82% |
| Share Issuances | €7.64 Million | +15.55% |
| Other Comprehensive Income | €-179.00K | -0.36% |
| Other Changes | €1.00K | +0.0% |
| Total Change | €- | 14.12% |
Book Value vs Market Value Analysis
This analysis compares Smartbroker Holding 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: 4.22x
- 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 81.08x to 4.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | €0.15 | €12.35 | x |
| 2006-12-31 | €0.47 | €12.35 | x |
| 2007-12-31 | €0.56 | €12.35 | x |
| 2008-12-31 | €0.58 | €12.35 | x |
| 2009-12-31 | €0.34 | €12.35 | x |
| 2010-12-31 | €0.27 | €12.35 | x |
| 2011-12-31 | €0.31 | €12.35 | x |
| 2012-12-31 | €0.22 | €12.35 | x |
| 2013-12-31 | €0.20 | €12.35 | x |
| 2014-12-31 | €0.19 | €12.35 | x |
| 2015-12-31 | €0.20 | €12.35 | x |
| 2016-12-31 | €0.22 | €12.35 | x |
| 2017-12-31 | €0.25 | €12.35 | x |
| 2018-12-31 | €1.45 | €12.35 | x |
| 2019-12-31 | €1.89 | €12.35 | x |
| 2020-12-31 | €2.10 | €12.35 | x |
| 2021-12-31 | €3.25 | €12.35 | x |
| 2022-12-31 | €3.15 | €12.35 | x |
| 2023-12-31 | €2.75 | €12.35 | x |
| 2024-12-31 | €2.93 | €12.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smartbroker Holding 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): -2.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.41%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.29x
- Recent ROE (-2.82%) is below the historical average (7.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 58.00% | 29.00% | 0.99x | 2.01x | €621.86K |
| 2006 | 68.77% | 32.93% | 1.48x | 1.41x | €2.33 Million |
| 2007 | 8.94% | 5.08% | 1.28x | 1.37x | €-50.82K |
| 2008 | 3.71% | 4.10% | 0.77x | 1.18x | €-312.61K |
| 2009 | -69.97% | -66.21% | 0.82x | 1.28x | €-2.34 Million |
| 2010 | -28.49% | -29.55% | 0.85x | 1.14x | €-876.31K |
| 2011 | 12.36% | 17.19% | 0.66x | 1.09x | €61.23K |
| 2012 | 6.82% | 6.50% | 0.64x | 1.63x | €-58.63K |
| 2013 | 4.86% | 3.40% | 1.07x | 1.33x | €-83.27K |
| 2014 | -4.26% | -2.79% | 1.36x | 1.13x | €-221.43K |
| 2015 | 4.74% | 3.00% | 1.38x | 1.15x | €-85.72K |
| 2016 | 10.05% | 6.33% | 1.39x | 1.14x | €893.90 |
| 2017 | 86.46% | 34.02% | 1.07x | 2.37x | €1.57 Million |
| 2018 | 16.73% | 39.34% | 0.40x | 1.08x | €1.30 Million |
| 2019 | 7.00% | 21.82% | 0.24x | 1.33x | €-814.44K |
| 2020 | 11.92% | 26.20% | 0.27x | 1.66x | €578.88K |
| 2021 | -1.14% | -1.15% | 0.65x | 1.54x | €-5.47 Million |
| 2022 | -20.43% | -19.12% | 0.71x | 1.50x | €-15.03 Million |
| 2023 | -13.87% | -12.84% | 0.73x | 1.48x | €-10.28 Million |
| 2024 | -2.82% | -2.41% | 0.91x | 1.29x | €-6.30 Million |
Industry Comparison
This section compares Smartbroker Holding AG 's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $4,261,460,228
- Average return on equity (ROE) among peers: 9.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smartbroker Holding AG (SB1) | €43.90 Million | 58.00% | 0.26x | $208.93 Million |
| ASX LTD UNSPONS.ADR 1 (AUX1) | $3.64 Billion | 8.72% | 3.62x | $6.79 Billion |
| Deutsche Börse AG (DB1) | $9.06 Billion | 16.49% | 28.70x | $39.66 Billion |
| EUWAX Aktiengesellschaft (EUX) | $82.88 Million | 4.77% | 0.17x | $252.86 Million |
About Smartbroker Holding AG
Smartbroker Holding AG operates as online broker in Germany. The company offers various products of traditional brokering with neo brokering conditions. It also operates through various stock market portals, including wallstreet-online.de, boersenNews.de, FinanzNachrichten.de, and ARIVA.de. In addition, the company hosts and operates the finance community. Smartbroker Holding AG was formerly know… Read more