Hardide PLC
Hardide plc engages in the provision of advanced tungsten carbide/tungsten metal matrix composite coatings in the United Kingdom, Europe, North America, and internationally. It also produces and sells patented chemical vapour deposition (CVD) coatings for the oil and gas, flow control equipment, advanced engineering, and aerospace industries. Hardide plc was founded in 2000 and is headquartered i… Read more
Hardide PLC (HDD) - Net Assets
Latest net assets as of March 2025: GBX3.65 Million GBX
Based on the latest financial reports, Hardide PLC (HDD) has net assets worth GBX3.65 Million GBX as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX7.30 Million) and total liabilities (GBX3.65 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 | GBX3.65 Million |
| % of Total Assets | 49.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | -58.59% |
| 10-Year Change | -5.18% |
| Growth Volatility | 233.99 |
Hardide PLC - Net Assets Trend (2002–2024)
This chart illustrates how Hardide PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hardide PLC (2002–2024)
The table below shows the annual net assets of Hardide PLC from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | GBX3.66 Million | -14.75% |
| 2023-09-30 | GBX4.29 Million | -22.39% |
| 2022-09-30 | GBX5.53 Million | -20.02% |
| 2021-09-30 | GBX6.91 Million | -21.76% |
| 2020-09-30 | GBX8.84 Million | +14.80% |
| 2019-09-30 | GBX7.70 Million | +51.57% |
| 2018-09-30 | GBX5.08 Million | +54.33% |
| 2017-09-30 | GBX3.29 Million | -24.81% |
| 2016-09-30 | GBX4.38 Million | +13.42% |
| 2015-09-30 | GBX3.86 Million | -2.45% |
| 2014-09-30 | GBX3.96 Million | +541.17% |
| 2013-09-30 | GBX617.00K | -45.06% |
| 2012-09-30 | GBX1.12 Million | +959.43% |
| 2011-09-30 | GBX106.00K | -78.14% |
| 2010-09-30 | GBX485.00K | -51.93% |
| 2009-09-30 | GBX1.01 Million | -24.42% |
| 2008-09-30 | GBX1.33 Million | -39.76% |
| 2007-09-30 | GBX2.22 Million | -35.51% |
| 2006-09-30 | GBX3.44 Million | +67.12% |
| 2005-09-30 | GBX2.06 Million | +34.64% |
| 2004-09-30 | GBX1.53 Million | +76.74% |
| 2003-09-30 | GBX864.00K | +343.38% |
| 2002-09-30 | GBX-355.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hardide PLC'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 1972600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX3.14 Million | 85.76% |
| Other Comprehensive Income | GBX1.97 Million | 53.87% |
| Other Components | GBX19.19 Million | 524.41% |
| Total Equity | GBX3.66 Million | 100.00% |
Hardide PLC Competitors by Market Cap
The table below lists competitors of Hardide PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
REAG Investimentos S.A.
SA:REAG3
|
$1.44K |
|
LOGISTICS DEV.GRP. LS-01
F:9ES
|
$1.44K |
|
Xtra Energy Corp
PINK:XTPT
|
$1.44K |
|
CARTIER RES
BE:6CA
|
$1.44K |
|
Sundragon S.A.
WAR:SDG
|
$1.44K |
|
SWT
LSE:SWT
|
$1.44K |
|
Tanfield Group PLC
LSE:TAN
|
$1.44K |
|
Shadab Textile Mills Ltd
KAR:SHDT
|
$1.43K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hardide PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,292,000 to 3,659,000, a change of -633,000 (-14.7%).
- Net loss of 1,320,000 reduced equity.
- New share issuances of 728,000 increased equity.
- Other comprehensive income decreased equity by 41,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.32 Million | -36.08% |
| Share Issuances | GBX728.00K | +19.9% |
| Other Comprehensive Income | GBX-41.00K | -1.12% |
| Total Change | GBX- | -14.75% |
Book Value vs Market Value Analysis
This analysis compares Hardide PLC'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: 619.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-09-30 | GBX-0.11 | GBX32.00 | x |
| 2003-09-30 | GBX0.27 | GBX32.00 | x |
| 2004-09-30 | GBX0.48 | GBX32.00 | x |
| 2005-09-30 | GBX0.65 | GBX32.00 | x |
| 2006-09-30 | GBX1.01 | GBX32.00 | x |
| 2007-09-30 | GBX0.60 | GBX32.00 | x |
| 2008-09-30 | GBX0.25 | GBX32.00 | x |
| 2009-09-30 | GBX0.05 | GBX32.00 | x |
| 2010-09-30 | GBX0.02 | GBX32.00 | x |
| 2011-09-30 | GBX0.01 | GBX32.00 | x |
| 2012-09-30 | GBX0.05 | GBX32.00 | x |
| 2013-09-30 | GBX0.02 | GBX32.00 | x |
| 2014-09-30 | GBX0.10 | GBX32.00 | x |
| 2015-09-30 | GBX0.13 | GBX32.00 | x |
| 2016-09-30 | GBX0.13 | GBX32.00 | x |
| 2017-09-30 | GBX0.12 | GBX32.00 | x |
| 2018-09-30 | GBX0.23 | GBX32.00 | x |
| 2019-09-30 | GBX0.17 | GBX32.00 | x |
| 2020-09-30 | GBX0.17 | GBX32.00 | x |
| 2021-09-30 | GBX0.13 | GBX32.00 | x |
| 2022-09-30 | GBX0.10 | GBX32.00 | x |
| 2023-09-30 | GBX0.07 | GBX32.00 | x |
| 2024-09-30 | GBX0.05 | GBX32.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hardide PLC 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): -36.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.91%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.12x
- Recent ROE (-36.08%) is above the historical average (-60.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.00% | -1157.78% | 0.20x | 0.00x | GBX-485.50K |
| 2003 | -74.65% | -565.79% | 0.07x | 1.86x | GBX-731.40K |
| 2004 | -64.83% | -299.09% | 0.18x | 1.19x | GBX-1.14 Million |
| 2005 | -23.39% | -69.51% | 0.26x | 1.30x | GBX-686.60K |
| 2006 | -26.37% | -47.91% | 0.45x | 1.23x | GBX-1.25 Million |
| 2007 | -82.63% | -74.13% | 0.66x | 1.70x | GBX-2.05 Million |
| 2008 | -127.57% | -80.22% | 0.72x | 2.22x | GBX-1.84 Million |
| 2009 | -177.30% | -147.97% | 0.57x | 2.11x | GBX-1.89 Million |
| 2010 | -97.73% | -27.32% | 1.09x | 3.30x | GBX-522.50K |
| 2011 | -359.43% | -19.57% | 1.42x | 12.93x | GBX-391.60K |
| 2012 | 27.34% | 10.53% | 1.15x | 2.26x | GBX194.70K |
| 2013 | -137.44% | -35.95% | 1.19x | 3.21x | GBX-909.70K |
| 2014 | 4.07% | 5.31% | 0.64x | 1.20x | GBX-234.60K |
| 2015 | -3.01% | -3.86% | 0.67x | 1.16x | GBX-501.90K |
| 2016 | -30.64% | -62.61% | 0.45x | 1.10x | GBX-1.78 Million |
| 2017 | -33.30% | -33.82% | 0.85x | 1.15x | GBX-1.43 Million |
| 2018 | -17.03% | -18.75% | 0.69x | 1.32x | GBX-1.37 Million |
| 2019 | -14.76% | -22.49% | 0.52x | 1.25x | GBX-1.91 Million |
| 2020 | -14.61% | -27.14% | 0.37x | 1.44x | GBX-2.17 Million |
| 2021 | -40.53% | -77.90% | 0.33x | 1.56x | GBX-3.49 Million |
| 2022 | -39.57% | -43.63% | 0.52x | 1.76x | GBX-2.74 Million |
| 2023 | -26.05% | -20.33% | 0.65x | 1.96x | GBX-1.55 Million |
| 2024 | -36.08% | -27.91% | 0.61x | 2.12x | GBX-1.69 Million |
Industry Comparison
This section compares Hardide PLC's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $172,290,500
- Average return on equity (ROE) among peers: -2.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hardide PLC (HDD) | GBX3.65 Million | 0.00% | 1.00x | $1.44K |
| Biome Technologies Plc (BIOM) | $21.31 Million | -21.51% | 0.58x | $47.05 |
| Essentra PLC (ESNT) | $628.90 Million | 4.28% | 1.04x | $32.30K |
| Zenova Group PLC (ZED) | $-62.00K | 0.00% | 0.00x | $92.66 |
| Zotefoams PLC (ZTF) | $39.01 Million | 8.10% | 0.38x | $23.24K |