MCCORMICK NON VTG
MCCORMICK NON VTG operates in Diversified Metals & Mining.
MCCORMICK NON VTG (MCX) - Net Assets
Latest net assets as of August 2024: €5.45 Billion EUR
Based on the latest financial reports, MCCORMICK NON VTG (MCX) has net assets worth €5.45 Billion EUR as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€13.20 Billion) and total liabilities (€7.75 Billion). 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 | €5.45 Billion |
| % of Total Assets | 41.28% |
| Annual Growth Rate | 17.57% |
| 5-Year Change | 47.06% |
| 10-Year Change | N/A |
| Growth Volatility | 16.56 |
MCCORMICK NON VTG - Net Assets Trend (2016–2023)
This chart illustrates how MCCORMICK NON VTG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MCCORMICK NON VTG (2016–2023)
The table below shows the annual net assets of MCCORMICK NON VTG from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | €5.08 Billion | +8.18% |
| 2022-11-30 | €4.70 Billion | +6.18% |
| 2021-11-30 | €4.43 Billion | +12.32% |
| 2020-11-30 | €3.94 Billion | +13.98% |
| 2019-11-30 | €3.46 Billion | +8.63% |
| 2018-11-30 | €3.18 Billion | +23.78% |
| 2017-11-30 | €2.57 Billion | +56.94% |
| 2016-11-30 | €1.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MCCORMICK NON VTG'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 207.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.25 Billion | 64.21% |
| Other Components | €1.81 Billion | 35.79% |
| Total Equity | €5.06 Billion | 100.00% |
MCCORMICK NON VTG Competitors by Market Cap
The table below lists competitors of MCCORMICK NON VTG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ludan Engineering Co. Ltd
TA:LUDN
|
$548.68K |
|
Barakah Offshore Petroleum Bhd
KLSE:7251
|
$548.68K |
|
Taurus Gold Corp.
PINK:TARGF
|
$548.99K |
|
The Ether Fund
OTCGREY:QETHF
|
$549.37K |
|
Space Com
TA:SCC
|
$548.47K |
|
Seneca Foods Corporation PFD $12.00
PINK:SENEM
|
$548.37K |
|
PANDORA (3P7.SG)
STU:3P7
|
$548.34K |
|
POLARIS INDS
BE:PL6
|
$547.96K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MCCORMICK NON VTG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,680,500,000 to 5,060,700,000, a change of 380,200,000 (8.1%).
- Net income of 680,600,000 contributed positively to equity growth.
- Dividend payments of 418,500,000 reduced retained earnings.
- Share repurchases of 35,700,000 reduced equity.
- Other factors increased equity by 153,800,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €680.60 Million | +13.45% |
| Dividends Paid | €418.50 Million | -8.27% |
| Share Repurchases | €35.70 Million | -0.71% |
| Other Changes | €153.80 Million | +3.04% |
| Total Change | €- | 8.12% |
Book Value vs Market Value Analysis
This analysis compares MCCORMICK NON VTG'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: 3.10x
- 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 5.99x to 3.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | €9.77 | €58.54 | x |
| 2018-11-30 | €12.00 | €58.54 | x |
| 2019-11-30 | €12.96 | €58.54 | x |
| 2020-11-30 | €14.71 | €58.54 | x |
| 2021-11-30 | €16.50 | €58.54 | x |
| 2022-11-30 | €17.46 | €58.54 | x |
| 2023-11-30 | €18.88 | €58.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MCCORMICK NON VTG 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): 13.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.22%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.54x
- Recent ROE (13.45%) is below the historical average (20.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 29.04% | 10.71% | 0.95x | 2.85x | €309.64 Million |
| 2017 | 18.65% | 9.88% | 0.47x | 4.06x | €221.41 Million |
| 2018 | 29.44% | 17.26% | 0.53x | 3.23x | €616.31 Million |
| 2019 | 20.40% | 13.14% | 0.52x | 3.01x | €358.28 Million |
| 2020 | 19.04% | 13.34% | 0.46x | 3.08x | €354.79 Million |
| 2021 | 17.12% | 11.95% | 0.49x | 2.93x | €314.20 Million |
| 2022 | 14.57% | 10.74% | 0.48x | 2.80x | €213.95 Million |
| 2023 | 13.45% | 10.22% | 0.52x | 2.54x | €174.53 Million |
Industry Comparison
This section compares MCCORMICK NON VTG'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 |
|---|---|---|---|---|
| MCCORMICK NON VTG (MCX) | €5.45 Billion | 29.04% | 1.42x | $548.68K |
| 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 |