MERMAID MARIT
MERMAID MARIT operates in Diversified Metals & Mining.
MERMAID MARIT (44M) - Net Assets
Latest net assets as of June 2024: €173.95 Million EUR
Based on the latest financial reports, MERMAID MARIT (44M) has net assets worth €173.95 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 (€422.87 Million) and total liabilities (€248.92 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 | €173.95 Million |
| % of Total Assets | 41.14% |
| Annual Growth Rate | -9.32% |
| 5-Year Change | -40.55% |
| 10-Year Change | N/A |
| Growth Volatility | 13.43 |
MERMAID MARIT - Net Assets Trend (2016–2023)
This chart illustrates how MERMAID MARIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MERMAID MARIT (2016–2023)
The table below shows the annual net assets of MERMAID MARIT from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €170.60 Million | +6.00% |
| 2022-12-31 | €160.94 Million | +0.16% |
| 2021-12-31 | €160.68 Million | -9.38% |
| 2020-12-31 | €177.30 Million | -38.22% |
| 2019-12-31 | €286.99 Million | -8.86% |
| 2018-12-31 | €314.89 Million | -7.98% |
| 2017-12-31 | €342.18 Million | +1.16% |
| 2016-12-31 | €338.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MERMAID MARIT'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 16678000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €387.47 Million | 227.54% |
| Total Equity | €170.29 Million | 100.00% |
MERMAID MARIT Competitors by Market Cap
The table below lists competitors of MERMAID MARIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
POWERLONG REAL ESTA (PW5.SG)
STU:PW5
|
$259.22 |
|
Veteran Capital Corp
V:VCC-P
|
$260.12 |
|
Valens Semiconductor Ltd.
NASDAQ:VLN-WT
|
$260.43 |
|
PT Bank Pembangunan Daerah Jawa Timur Tbk
STU:P7T
|
$260.50 |
|
Nippon Active Value Fund Plc
LSE:NAVF
|
$258.96 |
|
Red Rock Resources
LSE:RRR
|
$258.70 |
|
Dewan Cement Ltd
KAR:DCL
|
$258.52 |
|
CHINA MERCH. LAND HD -01
F:TNY1
|
$256.68 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MERMAID MARIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 160,694,000 to 170,286,000, a change of 9,592,000 (6.0%).
- Net income of 9,593,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €9.59 Million | +5.63% |
| Other Changes | €-1.00K | -0.0% |
| Total Change | €- | 5.97% |
Book Value vs Market Value Analysis
This analysis compares MERMAID MARIT'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: 0.21x
- 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 increased from 0.11x to 0.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.24 | €0.03 | x |
| 2018-12-31 | €0.22 | €0.03 | x |
| 2019-12-31 | €0.20 | €0.03 | x |
| 2020-12-31 | €0.13 | €0.03 | x |
| 2021-12-31 | €0.11 | €0.03 | x |
| 2022-12-31 | €0.11 | €0.03 | x |
| 2023-12-31 | €0.12 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MERMAID MARIT 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): 5.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.48%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 2.09x
- Recent ROE (5.63%) is above the historical average (-9.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.05% | 9.16% | 0.40x | 1.39x | €-16.76 Million |
| 2017 | 1.23% | 2.88% | 0.32x | 1.32x | €-30.04 Million |
| 2018 | -8.62% | -27.92% | 0.24x | 1.30x | €-58.73 Million |
| 2019 | -8.44% | -22.71% | 0.29x | 1.30x | €-52.99 Million |
| 2020 | -61.75% | -130.88% | 0.32x | 1.47x | €-127.41 Million |
| 2021 | -9.77% | -14.09% | 0.43x | 1.61x | €-31.82 Million |
| 2022 | -0.12% | -0.09% | 0.77x | 1.81x | €-16.26 Million |
| 2023 | 5.63% | 3.48% | 0.77x | 2.09x | €-7.44 Million |
Industry Comparison
This section compares MERMAID MARIT's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MERMAID MARIT (44M) | €173.95 Million | 5.05% | 1.43x | $259.21 |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |