Doric Nimrod Air Two Limited
Doric Nimrod Air Two Limited engages in the acquiring, leasing, and selling aircraft. The company was incorporated in 2011 and is based in St Peter Port, Guernsey.
Doric Nimrod Air Two Limited (DNA2) - Net Assets
Latest net assets as of March 2024: GBX168.86 Million GBX
Based on the latest financial reports, Doric Nimrod Air Two Limited (DNA2) has net assets worth GBX168.86 Million GBX as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX203.79 Million) and total liabilities (GBX34.92 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 | GBX168.86 Million |
| % of Total Assets | 82.86% |
| Annual Growth Rate | -5.33% |
| 5-Year Change | -26.03% |
| 10-Year Change | -43.74% |
| Growth Volatility | 31.1 |
Doric Nimrod Air Two Limited - Net Assets Trend (2012–2024)
This chart illustrates how Doric Nimrod Air Two Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Doric Nimrod Air Two Limited (2012–2024)
The table below shows the annual net assets of Doric Nimrod Air Two Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | GBX168.86 Million | -43.87% |
| 2023-03-31 | GBX300.86 Million | +80.81% |
| 2022-03-31 | GBX166.40 Million | -13.89% |
| 2021-03-31 | GBX193.24 Million | -15.36% |
| 2020-03-31 | GBX228.30 Million | -30.18% |
| 2019-03-31 | GBX326.99 Million | -1.32% |
| 2018-03-31 | GBX331.38 Million | +29.54% |
| 2017-03-31 | GBX255.80 Million | -13.76% |
| 2016-03-31 | GBX296.61 Million | -1.18% |
| 2015-03-31 | GBX300.14 Million | -14.75% |
| 2014-03-31 | GBX352.07 Million | +20.79% |
| 2013-03-31 | GBX291.46 Million | -10.53% |
| 2012-03-31 | GBX325.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Doric Nimrod Air Two Limited'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 9174421400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX260.61 Million | 154.33% |
| Total Equity | GBX168.86 Million | 100.00% |
Doric Nimrod Air Two Limited Competitors by Market Cap
The table below lists competitors of Doric Nimrod Air Two Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AS-IP Tech Inc
PINK:IPTK
|
$21.94K |
|
SynBiotic SE
F:SBX
|
$21.94K |
|
AJWA for Food Industries company Egypt
EGX:AJWA
|
$21.94K |
|
FIRSTGROUP
BE:FGR
|
$21.95K |
|
Misr Conditioning (Miraco)
EGX:MRCO
|
$21.92K |
|
EALT3F
SA:EALT3F
|
$21.87K |
|
Global Care Capital Inc
PINK:RSCZF
|
$21.85K |
|
Eva Live, Inc.
OTCQB:GOAID
|
$21.83K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doric Nimrod Air Two Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 198,750,927 to 168,864,103, a change of -29,886,824 (-15.0%).
- Net income of 58,215,561 contributed positively to equity growth.
- Dividend payments of 28,873,932 reduced retained earnings.
- Share repurchases of 59,228,453 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX58.22 Million | +34.47% |
| Dividends Paid | GBX28.87 Million | -17.1% |
| Share Repurchases | GBX59.23 Million | -35.07% |
| Total Change | GBX- | -15.04% |
Book Value vs Market Value Analysis
This analysis compares Doric Nimrod Air Two Limited'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: 137.23x
- 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 32.61x to 137.23x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | GBX4.48 | GBX146.00 | x |
| 2013-03-31 | GBX1.69 | GBX146.00 | x |
| 2014-03-31 | GBX2.04 | GBX146.00 | x |
| 2015-03-31 | GBX1.74 | GBX146.00 | x |
| 2016-03-31 | GBX1.72 | GBX146.00 | x |
| 2017-03-31 | GBX1.48 | GBX146.00 | x |
| 2018-03-31 | GBX1.92 | GBX146.00 | x |
| 2019-03-31 | GBX1.89 | GBX146.00 | x |
| 2020-03-31 | GBX1.85 | GBX146.00 | x |
| 2021-03-31 | GBX1.57 | GBX146.00 | x |
| 2022-03-31 | GBX1.35 | GBX146.00 | x |
| 2023-03-31 | GBX1.61 | GBX146.00 | x |
| 2024-03-31 | GBX1.06 | GBX146.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doric Nimrod Air Two Limited 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): 34.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.47%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.21x
- Recent ROE (34.47%) is above the historical average (7.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 2.23% | 53.67% | 0.03x | 1.65x | GBX-25.31 Million |
| 2013 | -6.32% | -240.09% | 0.01x | 3.56x | GBX-47.57 Million |
| 2014 | 26.05% | 68.58% | 0.14x | 2.81x | GBX56.50 Million |
| 2015 | -6.94% | -96.10% | 0.02x | 3.17x | GBX-50.85 Million |
| 2016 | 9.29% | 39.85% | 0.08x | 3.08x | GBX-2.09 Million |
| 2017 | -3.80% | -41.39% | 0.03x | 3.46x | GBX-35.29 Million |
| 2018 | 32.19% | 66.59% | 0.19x | 2.52x | GBX73.53 Million |
| 2019 | 8.17% | 35.85% | 0.09x | 2.41x | GBX-5.99 Million |
| 2020 | -29.61% | -70.73% | 0.15x | 2.77x | GBX-90.42 Million |
| 2021 | -2.05% | -2.67% | 0.31x | 2.49x | GBX-23.29 Million |
| 2022 | -0.18% | -0.26% | 0.32x | 2.21x | GBX-16.94 Million |
| 2023 | 31.92% | 51.89% | 0.39x | 1.56x | GBX43.57 Million |
| 2024 | 34.47% | 53.47% | 0.53x | 1.21x | GBX41.33 Million |
Industry Comparison
This section compares Doric Nimrod Air Two Limited's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $933,906,758
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doric Nimrod Air Two Limited (DNA2) | GBX168.86 Million | 2.23% | 0.21x | $21.92K |
| Amedeo Air Four Plus Limited (AA4) | $311.69 Million | -55.20% | 3.61x | $80.68 |
| Anexo Group Plc (ANX) | $46.76 Million | 23.97% | 0.48x | $3.93K |
| Andrews Sykes Group plc (ASY) | $11.21 Million | 70.90% | 2.47x | $26.23K |
| Avation PLC (AVAP) | $228.18 Million | 8.76% | 4.05x | $10.62K |
| Doric Nimrod Air Three Ltd (DNA3) | $175.23 Million | 37.55% | 2.01x | $17.27K |
| DP Aircraft I Limited (DPA) | $215.70 Million | 10.74% | 1.08x | $38.90 Million |
| HSS Hire Group PLC (HSS) | $153.39 Million | -11.29% | 2.16x | $8.78K |
| Speedy Hire PLC (SDY) | $178.40 Million | -29.54% | 1.08x | $14.86K |
| SUNBELT RENTALS HOLDINGS CDI (SUNB) | $7.08 Billion | 22.56% | 2.06x | $268.27 Million |