Heiq PLC
HeiQ Plc, through its subsidiaries, operates in the antimicrobial fabrics, textiles and flooring, and life sciences businesses in Europe, North and South America, Asia, and internationally. It offers functional textile technologies to provide hygiene, comfort protection, and resource efficiency; surface coatings and polymers; patented probiotic technology for cosmetics, water treatment, and clean… Read more
Heiq PLC (HEIQ) - Net Assets
Latest net assets as of December 2023: GBX29.48 Million GBX
Based on the latest financial reports, Heiq PLC (HEIQ) has net assets worth GBX29.48 Million GBX as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX68.98 Million) and total liabilities (GBX39.50 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 | GBX29.48 Million |
| % of Total Assets | 42.74% |
| Annual Growth Rate | 15.53% |
| 5-Year Change | 121.01% |
| 10-Year Change | N/A |
| Growth Volatility | 105.09 |
Heiq PLC - Net Assets Trend (2017–2023)
This chart illustrates how Heiq 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 Heiq PLC (2017–2023)
The table below shows the annual net assets of Heiq PLC from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | GBX29.48 Million | -26.91% |
| 2022-12-31 | GBX40.34 Million | -37.59% |
| 2021-12-31 | GBX64.64 Million | +30.85% |
| 2020-12-31 | GBX49.40 Million | +270.29% |
| 2019-12-31 | GBX13.34 Million | +7.03% |
| 2018-12-31 | GBX12.46 Million | +0.49% |
| 2017-12-31 | GBX12.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heiq 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 3720700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX55.26 Million | 199.10% |
| Other Comprehensive Income | GBX-126.83 Million | -456.96% |
| Other Components | GBX150.99 Million | 543.99% |
| Total Equity | GBX27.75 Million | 100.00% |
Heiq PLC Competitors by Market Cap
The table below lists competitors of Heiq PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PEOPLE'S LEASING & FINANCE PLC
CM:PLCN0000
|
$923.29 |
|
KOT Addu Power Company Ltd
KAR:KAPCO
|
$923.39 |
|
European Opportunities Trust plc
LSE:EOT
|
$928.50 |
|
Narf Industries PLC
LSE:NARF
|
$929.35 |
|
Del Monte Pacific Ltd
PSE:DELM
|
$921.59 |
|
Franklin Credit Management Corporation
PINK:FCRM
|
$918.70 |
|
MRS OIL NIGERIA PLC
XNSA:MRS
|
$918.56 |
|
Leather Up Ltd
KAR:LEUL
|
$918.12 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heiq PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 38,391,000 to 27,755,000, a change of -10,636,000 (-27.7%).
- Net loss of 13,583,000 reduced equity.
- Other comprehensive income increased equity by 1,187,000.
- Other factors increased equity by 1,760,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-13.58 Million | -48.94% |
| Other Comprehensive Income | GBX1.19 Million | +4.28% |
| Other Changes | GBX1.76 Million | +6.34% |
| Total Change | GBX- | -27.70% |
Book Value vs Market Value Analysis
This analysis compares Heiq 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: 22.78x
- 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 15.23x to 22.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | GBX0.30 | GBX4.50 | x |
| 2018-12-31 | GBX0.30 | GBX4.50 | x |
| 2019-12-31 | GBX0.32 | GBX4.50 | x |
| 2020-12-31 | GBX0.42 | GBX4.50 | x |
| 2021-12-31 | GBX0.48 | GBX4.50 | x |
| 2022-12-31 | GBX0.29 | GBX4.50 | x |
| 2023-12-31 | GBX0.20 | GBX4.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heiq 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): -48.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.54%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.49x
- Recent ROE (-48.94%) is below the historical average (-14.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.90% | 3.47% | 0.78x | 2.19x | GBX-508.30K |
| 2018 | 0.21% | 0.10% | 1.01x | 2.08x | GBX-1.22 Million |
| 2019 | 5.45% | 2.60% | 1.00x | 2.10x | GBX-605.70K |
| 2020 | 10.37% | 10.17% | 0.73x | 1.40x | GBX183.30K |
| 2021 | 4.21% | 4.62% | 0.57x | 1.60x | GBX-3.68 Million |
| 2022 | -76.19% | -61.97% | 0.66x | 1.85x | GBX-33.09 Million |
| 2023 | -48.94% | -32.54% | 0.61x | 2.49x | GBX-16.36 Million |
Industry Comparison
This section compares Heiq PLC's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $32,356,000
- Average return on equity (ROE) among peers: 20.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heiq PLC (HEIQ) | GBX29.48 Million | 5.90% | 1.34x | $922.78 |
| Airea Plc (AIEA) | $32.36 Million | 20.33% | 0.38x | $938.73 |