musicMagpie PLC
musicMagpie plc engages in the re-commerce of consumer technology, books, and disc media products in the United Kingdom and the United States. The company buys, refurbishes, rents, and sells consumer technology products, including smartphones, tablets, consoles, wearables, and personal computers; and CDs, DVDs, Blu-rays, and video games. It also buys and sells hardback and paperback books; and pr… Read more
musicMagpie PLC (MMAG) - Net Assets
Latest net assets as of May 2024: GBX9.38 Million GBX
Based on the latest financial reports, musicMagpie PLC (MMAG) has net assets worth GBX9.38 Million GBX as of May 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX37.67 Million) and total liabilities (GBX28.30 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 | GBX9.38 Million |
| % of Total Assets | 24.89% |
| Annual Growth Rate | 32.42% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 691.34 |
musicMagpie PLC - Net Assets Trend (2016–2023)
This chart illustrates how musicMagpie 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 musicMagpie PLC (2016–2023)
The table below shows the annual net assets of musicMagpie PLC from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | GBX12.28 Million | -37.18% |
| 2022-11-30 | GBX19.54 Million | -19.52% |
| 2021-11-30 | GBX24.28 Million | +903.47% |
| 2020-11-30 | GBX2.42 Million | +137.55% |
| 2019-11-30 | GBX-6.45 Million | -12.32% |
| 2018-11-30 | GBX-5.74 Million | -1271.02% |
| 2017-05-31 | GBX490.00K | -67.22% |
| 2016-05-31 | GBX1.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to musicMagpie 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 290300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX1.08 Million | 8.78% |
| Other Comprehensive Income | GBX851.00K | 6.93% |
| Other Components | GBX13.46 Million | 109.63% |
| Total Equity | GBX12.28 Million | 100.00% |
musicMagpie PLC Competitors by Market Cap
The table below lists competitors of musicMagpie PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
R I L Property PLC
CM:RILN0000
|
$1.07K |
|
Engro Polymer & Chemicals Ltd
KAR:EPCL
|
$1.08K |
|
OBIMF
OTCGREY:OBIMF
|
$1.08K |
|
Delta Technologies PLC
STU:E8E4
|
$1.08K |
|
Blackrock World Mining Trust Plc
LSE:BRWM
|
$1.07K |
|
G Medical Innovations Holdings Ltd
PINK:GMVDF
|
$1.07K |
|
Third Bench Inc.
PINK:THBD
|
$1.07K |
|
ENSEVAL PUTERA MEGA
MU:FEK
|
$1.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in musicMagpie PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 19,543,000 to 12,276,000, a change of -7,267,000 (-37.2%).
- Net loss of 6,853,000 reduced equity.
- Other comprehensive income decreased equity by 282,000.
- Other factors decreased equity by 132,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-6.85 Million | -55.82% |
| Other Comprehensive Income | GBX-282.00K | -2.3% |
| Other Changes | GBX-132.00K | -1.08% |
| Total Change | GBX- | -37.18% |
Book Value vs Market Value Analysis
This analysis compares musicMagpie 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: 5.42x
- 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 decreased from 111.53x to 5.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-05-31 | GBX0.01 | GBX0.68 | x |
| 2018-11-30 | GBX-0.05 | GBX0.68 | x |
| 2019-11-30 | GBX-0.06 | GBX0.68 | x |
| 2020-11-30 | GBX0.02 | GBX0.68 | x |
| 2021-11-30 | GBX0.23 | GBX0.68 | x |
| 2022-11-30 | GBX0.20 | GBX0.68 | x |
| 2023-11-30 | GBX0.12 | GBX0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently musicMagpie 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): -55.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.02%
- • Asset Turnover: 3.05x
- • Equity Multiplier: 3.64x
- Recent ROE (-55.82%) is below the historical average (0.15%), 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 | -19.26% | -0.36% | 4.30x | 12.29x | GBX-437.50K |
| 2017 | -203.67% | -0.99% | 5.34x | 38.60x | GBX-1.05 Million |
| 2018 | 0.00% | -3.77% | 5.03x | 0.00x | GBX-3.79 Million |
| 2019 | 0.00% | -2.29% | 5.65x | 0.00x | GBX-2.37 Million |
| 2020 | 354.13% | 5.59% | 5.40x | 11.73x | GBX8.33 Million |
| 2021 | -49.93% | -8.33% | 4.07x | 1.47x | GBX-14.55 Million |
| 2022 | -24.23% | -3.26% | 3.05x | 2.44x | GBX-6.69 Million |
| 2023 | -55.82% | -5.02% | 3.05x | 3.64x | GBX-8.08 Million |
Industry Comparison
This section compares musicMagpie PLC's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $173,551,325
- Average return on equity (ROE) among peers: 3.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| musicMagpie PLC (MMAG) | GBX9.38 Million | -19.26% | 3.02x | $1.07K |
| Angling Direct PLC (ANG) | $26.80 Million | -1.38% | 0.42x | $4.40K |
| Ao World (AO) | $137.80 Million | 17.92% | 2.21x | $69.63K |
| Currys PLC (CURY) | $690.50 Million | 31.69% | 0.03x | $199.22K |
| DFS Furniture PLC (DFS) | $229.00 Million | -1.92% | 3.57x | $53.42K |
| Moonpig Group PLC (MOON) | $-33.22 Million | 0.00% | 0.00x | $79.03K |
| Marks Electrical Group PLC (MRK) | $4.01 Million | 17.88% | 2.09x | $5.80K |
| Mothercare PLC (MTC) | $402.50 Million | 13.79% | 0.77x | $1.45K |
| Pod Point Group Holdings PLC (PODP) | $102.35 Million | -81.50% | 0.42x | $1.22K |
| Procook Group PLC (PROC) | $2.21 Million | 36.21% | 0.95x | $4.11K |