MAINLAND HEADWEAR
MAINLAND HEADWEAR operates in Diversified Metals & Mining.
MAINLAND HEADWEAR (MHW) - Net Assets
Latest net assets as of December 2023: €1.16 Billion EUR
Based on the latest financial reports, MAINLAND HEADWEAR (MHW) has net assets worth €1.16 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.79 Billion) and total liabilities (€625.42 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 | €1.16 Billion |
| % of Total Assets | 64.99% |
| Annual Growth Rate | 9.76% |
| 5-Year Change | 53.61% |
| 10-Year Change | N/A |
| Growth Volatility | 4.8 |
MAINLAND HEADWEAR - Net Assets Trend (2016–2023)
This chart illustrates how MAINLAND HEADWEAR's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MAINLAND HEADWEAR (2016–2023)
The table below shows the annual net assets of MAINLAND HEADWEAR from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €1.16 Billion | +8.63% |
| 2022-12-31 | €1.07 Billion | +18.50% |
| 2021-12-31 | €902.12 Million | +14.42% |
| 2020-12-31 | €788.41 Million | +4.30% |
| 2019-12-31 | €755.93 Million | +5.80% |
| 2018-12-31 | €714.49 Million | +6.04% |
| 2017-12-31 | €673.77 Million | +11.31% |
| 2016-12-31 | €605.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MAINLAND HEADWEAR'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 148.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €847.64 Million | 76.32% |
| Other Components | €262.93 Million | 23.68% |
| Total Equity | €1.11 Billion | 100.00% |
MAINLAND HEADWEAR Competitors by Market Cap
The table below lists competitors of MAINLAND HEADWEAR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kbridge Energy Corp
PINK:BMMCF
|
$880.54 |
|
Ferronoux Holdings Inc
PSE:FERRO
|
$881.03 |
|
4 Less Group Inc
PINK:FLES
|
$881.18 |
|
Huddled Group Plc
LSE:HUD
|
$881.37 |
|
KENYF
PINK:KENYF
|
$877.74 |
|
Guinness VCT PLC
LSE:GVCT
|
$876.73 |
|
Ruch Chorzow SA
WAR:RCW
|
$876.10 |
|
Lanka Realty Investments PLC
CM:ASCON0000
|
$874.75 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAINLAND HEADWEAR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,026,167,000 to 1,110,573,000, a change of 84,406,000 (8.2%).
- Net income of 117,949,000 contributed positively to equity growth.
- Dividend payments of 38,576,000 reduced retained earnings.
- New share issuances of 3,111,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €117.95 Million | +10.62% |
| Dividends Paid | €38.58 Million | -3.47% |
| Share Issuances | €3.11 Million | +0.28% |
| Other Changes | €1.92 Million | +0.17% |
| Total Change | €- | 8.23% |
Book Value vs Market Value Analysis
This analysis compares MAINLAND HEADWEAR'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: 0.03x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.65 | €0.09 | x |
| 2018-12-31 | €1.74 | €0.09 | x |
| 2019-12-31 | €1.83 | €0.09 | x |
| 2020-12-31 | €1.81 | €0.09 | x |
| 2021-12-31 | €2.06 | €0.09 | x |
| 2022-12-31 | €2.41 | €0.09 | x |
| 2023-12-31 | €2.59 | €0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAINLAND HEADWEAR 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): 10.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.31%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.61x
- Recent ROE (10.62%) is below the historical average (11.29%), 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 | 11.83% | 8.23% | 1.04x | 1.38x | €11.08 Million |
| 2017 | 11.55% | 8.67% | 0.94x | 1.42x | €10.35 Million |
| 2018 | 8.86% | 6.64% | 0.88x | 1.52x | €-8.02 Million |
| 2019 | 7.84% | 5.08% | 0.86x | 1.79x | €-16.01 Million |
| 2020 | 5.96% | 4.38% | 0.73x | 1.86x | €-31.15 Million |
| 2021 | 14.61% | 8.00% | 0.96x | 1.90x | €40.39 Million |
| 2022 | 19.04% | 10.42% | 0.96x | 1.91x | €92.77 Million |
| 2023 | 10.62% | 8.31% | 0.79x | 1.61x | €6.89 Million |
Industry Comparison
This section compares MAINLAND HEADWEAR'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 |
|---|---|---|---|---|
| MAINLAND HEADWEAR (MHW) | €1.16 Billion | 11.83% | 0.54x | $878.54 |
| 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 |