CHEMRING GROUP
CHEMRING GROUP operates in Diversified Metals & Mining.
CHEMRING GROUP (CMN1) - Net Assets
Latest net assets as of April 2024: €350.90 Million EUR
Based on the latest financial reports, CHEMRING GROUP (CMN1) has net assets worth €350.90 Million EUR as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€615.40 Million) and total liabilities (€264.50 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 | €350.90 Million |
| % of Total Assets | 57.02% |
| Annual Growth Rate | -1.25% |
| 5-Year Change | 23.77% |
| 10-Year Change | N/A |
| Growth Volatility | 13.51 |
CHEMRING GROUP - Net Assets Trend (2016–2023)
This chart illustrates how CHEMRING GROUP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CHEMRING GROUP (2016–2023)
The table below shows the annual net assets of CHEMRING GROUP from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | €378.50 Million | -9.47% |
| 2022-10-31 | €418.10 Million | +18.51% |
| 2021-10-31 | €352.80 Million | +7.04% |
| 2020-10-31 | €329.60 Million | +7.78% |
| 2019-10-31 | €305.80 Million | +3.94% |
| 2018-10-31 | €294.20 Million | -26.67% |
| 2017-10-31 | €401.20 Million | -2.95% |
| 2016-10-31 | €413.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CHEMRING GROUP'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 48.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €62.90 Million | 16.62% |
| Other Components | €315.60 Million | 83.38% |
| Total Equity | €378.50 Million | 100.00% |
CHEMRING GROUP Competitors by Market Cap
The table below lists competitors of CHEMRING GROUP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PHARMEDIC JSC
VN:PMC
|
$53.35K |
|
DFS Furniture PLC
LSE:DFS
|
$53.42K |
|
COMTEX News Network Inc
PINK:CMTX
|
$53.46K |
|
East Delta Flour Mills
EGX:EDFM
|
$53.48K |
|
Cloudweb Inc
PINK:CLOW
|
$53.21K |
|
Ocean Thermal Energy Corp
PINK:CPWR
|
$53.13K |
|
North American Financial 15
TO:FFN
|
$53.12K |
|
Foncière Euris SA
PA:EURS
|
$53.10K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CHEMRING GROUP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 418,100,000 to 378,500,000, a change of -39,600,000 (-9.5%).
- Net income of 5,400,000 contributed positively to equity growth.
- Dividend payments of 17,300,000 reduced retained earnings.
- Share repurchases of 14,000,000 reduced equity.
- New share issuances of 600,000 increased equity.
- Other factors decreased equity by 14,300,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.40 Million | +1.43% |
| Dividends Paid | €17.30 Million | -4.57% |
| Share Repurchases | €14.00 Million | -3.7% |
| Share Issuances | €600.00K | +0.16% |
| Other Changes | €-14.30 Million | -3.78% |
| Total Change | €- | -9.47% |
Book Value vs Market Value Analysis
This analysis compares CHEMRING GROUP'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: 3.99x
- 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 increased from 3.76x to 3.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | €1.44 | €5.40 | x |
| 2018-10-31 | €1.05 | €5.40 | x |
| 2019-10-31 | €1.09 | €5.40 | x |
| 2020-10-31 | €1.17 | €5.40 | x |
| 2021-10-31 | €1.25 | €5.40 | x |
| 2022-10-31 | €1.47 | €5.40 | x |
| 2023-10-31 | €1.35 | €5.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CHEMRING GROUP 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): 1.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.14%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.58x
- Recent ROE (1.43%) is above the historical average (1.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.69% | 2.33% | 0.62x | 1.87x | €-30.24 Million |
| 2017 | 1.65% | 1.21% | 0.78x | 1.75x | €-33.52 Million |
| 2018 | -35.96% | -35.57% | 0.54x | 1.87x | €-135.22 Million |
| 2019 | 7.16% | 6.53% | 0.67x | 1.63x | €-8.68 Million |
| 2020 | 10.53% | 8.62% | 0.74x | 1.64x | €1.74 Million |
| 2021 | 11.76% | 10.55% | 0.74x | 1.51x | €6.22 Million |
| 2022 | 11.34% | 11.82% | 0.65x | 1.48x | €5.59 Million |
| 2023 | 1.43% | 1.14% | 0.79x | 1.58x | €-32.45 Million |
Industry Comparison
This section compares CHEMRING GROUP's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $107,279,526,363
- Average return on equity (ROE) among peers: 7.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CHEMRING GROUP (CMN1) | €350.90 Million | 2.69% | 0.75x | $53.27K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $973.51K |
| Tokyu Corporation (01T) | $747.05 Billion | 9.38% | 2.03x | $93.98K |
| GUANGZHOU AUTO -H- (02G) | $77.92 Billion | 13.99% | 0.70x | $4.23K |
| MOSAIC (02M) | $9.37 Billion | -11.39% | 1.06x | $267.55K |
| MOSAIC (02M.SG) (02M) | $10.72 Billion | 9.59% | 0.71x | $264.31K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $22.74 Million | -14.04% | 3.68x | $1.51 Million |
| KRAKATAU STEEL -B- (07K) | $587.19 Million | 7.57% | 5.43x | $166.88 |
| CN MODERN DAIRY (07M.SG) (07M) | $8.04 Billion | 9.58% | 0.94x | $1.66K |
| TOURMALINE OIL (08T) | $13.69 Billion | 32.78% | 0.38x | $376.57K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $343.89 |