Meriaura Group Oyj
Meriaura Group Oyj, together with its subsidiaries, designs and delivers solar thermal systems in Europe and internationally. The company produces collectors, collector fields, and turnkey solar thermal systems for use in district heating, industrial process heating, green houses, and mining applications. It also provides dry and bulk cargo services; and produces recycled biofuels from bio-oils, … Read more
Meriaura Group Oyj (MERIH) - Net Assets
Latest net assets as of December 2022: €35.40 Million EUR
Based on the latest financial reports, Meriaura Group Oyj (MERIH) has net assets worth €35.40 Million EUR as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€64.37 Million) and total liabilities (€28.97 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 | €35.40 Million |
| % of Total Assets | 55.0% |
| Annual Growth Rate | 114.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 193.19 |
Meriaura Group Oyj - Net Assets Trend (2019–2022)
This chart illustrates how Meriaura Group Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Meriaura Group Oyj (2019–2022)
The table below shows the annual net assets of Meriaura Group Oyj from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €35.40 Million | +444.39% |
| 2021-12-31 | €6.50 Million | +39.60% |
| 2020-12-31 | €4.66 Million | +29.71% |
| 2019-12-31 | €3.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meriaura Group Oyj'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 1488299162.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €85.42 Million | 241.27% |
| Total Equity | €35.40 Million | 100.00% |
Meriaura Group Oyj Competitors by Market Cap
The table below lists competitors of Meriaura Group Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SyntekaBio Inc
KQ:226330
|
$28.35 Million |
|
Korchip
KQ:126730
|
$28.36 Million |
|
Dynamix Corporation Warrant
NASDAQ:DYNXW
|
$28.37 Million |
|
Service & Quality Technology Co Ltd
TWO:3219
|
$28.38 Million |
|
Otto Holding AS
IS:OTTO
|
$28.34 Million |
|
Bougainville Copper Limited
PINK:BOCOF
|
$28.34 Million |
|
LivePerson Inc
NASDAQ:LPSN
|
$28.34 Million |
|
SRM Entertainment, Inc. Common Stock
NASDAQ:SRM
|
$28.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meriaura Group Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 6,503,389 to 35,404,069, a change of 28,900,680 (444.4%).
- Net loss of 4,066,590 reduced equity.
- New share issuances of 33,034,632 increased equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.07 Million | -11.49% |
| Share Issuances | €33.03 Million | +93.31% |
| Other Changes | €-67.36K | -0.19% |
| Total Change | €- | 444.39% |
Book Value vs Market Value Analysis
This analysis compares Meriaura Group Oyj'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: 2.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.01x to 2.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €0.12 | €0.13 | x |
| 2020-12-31 | €0.07 | €0.13 | x |
| 2021-12-31 | €0.04 | €0.13 | x |
| 2022-12-31 | €0.05 | €0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meriaura Group Oyj 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): -11.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -47.10%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.82x
- Recent ROE (-11.49%) is above the historical average (-98.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -188.22% | -197.92% | 0.47x | 2.03x | €-7.12 Million |
| 2020 | -106.84% | -97.27% | 0.73x | 1.51x | €-5.44 Million |
| 2021 | -88.75% | -231.18% | 0.31x | 1.26x | €-6.42 Million |
| 2022 | -11.49% | -47.10% | 0.13x | 1.82x | €-7.61 Million |
Industry Comparison
This section compares Meriaura Group Oyj's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $708,162,500
- Average return on equity (ROE) among peers: 1.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meriaura Group Oyj (MERIH) | €35.40 Million | -188.22% | 0.82x | $28.35 Million |
| AS Tallink Grupp (TALLINK) | $667.72 Million | 3.27% | 1.80x | $54.57 Million |
| Viking Line Abp (VIK1V) | $748.61 Million | 0.00% | 1.31x | $135.64 Million |