Marfin Investment Group Holdings S.A
MIG Holdings S.A., an investment holding company, focuses on investment in equities in Greece and South-Eastern Europe. The company engages in the real estate management; ship management; overseas and coastal transportation; production and distribution of dairy products, animal feed, vegetables, and frozen foods; restaurants and café-patisseries; and beverage and fast-food businesses. It also pro… Read more
Marfin Investment Group Holdings S.A (MIG) - Net Assets
Latest net assets as of June 2024: €127.02 Million EUR
Based on the latest financial reports, Marfin Investment Group Holdings S.A (MIG) has net assets worth €127.02 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€219.65 Million) and total liabilities (€92.63 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 | €127.02 Million |
| % of Total Assets | 57.83% |
| Annual Growth Rate | -16.66% |
| 5-Year Change | -63.86% |
| 10-Year Change | N/A |
| Growth Volatility | 22.77 |
Marfin Investment Group Holdings S.A - Net Assets Trend (2014–2023)
This chart illustrates how Marfin Investment Group Holdings S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marfin Investment Group Holdings S.A (2014–2023)
The table below shows the annual net assets of Marfin Investment Group Holdings S.A from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €121.86 Million | +36.01% |
| 2022-12-31 | €89.60 Million | -16.74% |
| 2021-12-31 | €107.61 Million | -34.31% |
| 2020-12-31 | €163.81 Million | -51.42% |
| 2019-12-31 | €337.20 Million | -3.05% |
| 2018-12-31 | €347.81 Million | -0.67% |
| 2017-12-31 | €350.17 Million | -18.38% |
| 2016-12-31 | €429.01 Million | -15.62% |
| 2015-12-31 | €508.40 Million | -19.05% |
| 2014-12-31 | €628.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marfin Investment Group Holdings S.A'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 362307300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €145.47 Million | 119.37% |
| Total Equity | €121.86 Million | 100.00% |
Marfin Investment Group Holdings S.A Competitors by Market Cap
The table below lists competitors of Marfin Investment Group Holdings S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Despec Bilgisayar Pazarlama ve Ticaret AS
IS:DESPC
|
$12.87 Million |
|
Hanjoo Light Metal Co., Ltd.
KQ:198940
|
$12.88 Million |
|
KDA Group Inc
V:KDA
|
$12.88 Million |
|
DELTA RES LTD
F:6GO1
|
$12.88 Million |
|
Yoong Onn Corporation Bhd
KLSE:5159
|
$12.87 Million |
|
Bastogi S.p.A
F:BAOA
|
$12.86 Million |
|
Schweizer Electronic AG
F:SCE
|
$12.85 Million |
|
Indo Rama Synthetics (India) Limited
NSE:INDORAMA
|
$12.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marfin Investment Group Holdings S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,848,000 to 121,865,000, a change of 111,017,000 (1023.4%).
- Net income of 104,872,000 contributed positively to equity growth.
- Other factors increased equity by 6,145,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €104.87 Million | +86.06% |
| Other Changes | €6.14 Million | +5.04% |
| Total Change | €- | 1023.39% |
Book Value vs Market Value Analysis
This analysis compares Marfin Investment Group Holdings S.A'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: 0.84x
- 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 13.34x to 0.84x 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 | €0.24 | €3.25 | x |
| 2019-12-31 | €0.24 | €3.25 | x |
| 2020-12-31 | €0.07 | €3.25 | x |
| 2021-12-31 | €0.05 | €3.25 | x |
| 2022-12-31 | €0.35 | €3.25 | x |
| 2023-12-31 | €3.89 | €3.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marfin Investment Group Holdings S.A 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): 86.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1332.89%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.81x
- Recent ROE (86.06%) is above the historical average (-40.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -34.48% | -15.46% | 0.37x | 6.05x | €-222.68 Million |
| 2015 | -28.73% | -9.90% | 0.40x | 7.17x | €-152.56 Million |
| 2016 | -27.12% | -7.84% | 0.40x | 8.68x | €-116.17 Million |
| 2017 | -31.30% | -8.51% | 0.34x | 10.87x | €-98.72 Million |
| 2018 | 20.52% | 4.71% | 0.44x | 9.87x | €24.08 Million |
| 2019 | -14.59% | -3.02% | 0.47x | 10.37x | €-54.36 Million |
| 2020 | -245.57% | -50.95% | 0.14x | 34.42x | €-160.74 Million |
| 2021 | -49.76% | -6.37% | 0.29x | 26.56x | €-27.51 Million |
| 2022 | -82.80% | -126.13% | 0.01x | 115.29x | €-10.07 Million |
| 2023 | 86.06% | 1332.89% | 0.04x | 1.81x | €92.69 Million |
Industry Comparison
This section compares Marfin Investment Group Holdings S.A's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $41,160,993
- Average return on equity (ROE) among peers: 0.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marfin Investment Group Holdings S.A (MIG) | €127.02 Million | -34.48% | 0.73x | $12.87 Million |
| Evrofarma SA (EVROF) | $12.95 Million | 8.34% | 2.58x | $13.16 Million |
| Flour Mills Kepenos S.A. (KEPEN) | $18.79 Million | 10.25% | 0.91x | $1.41 Million |
| Kri-Kri Milk Industry S.A (KRI) | $78.90 Million | 4.02% | 0.62x | $239.54 Million |
| Loulis Mills S.A. (KYLO) | $91.09 Million | 0.79% | 0.96x | $31.66 Million |
| Flour Mills C. Sarantopoulos S.A. (KYSA) | $4.07 Million | -18.47% | 4.15x | $2.99 Million |