Merit Group PLC
Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, machine learning, and software and technology resourcing services. It also provides information and insights into… Read more
Merit Group PLC (MRIT) - Net Assets
Latest net assets as of September 2024: GBX31.28 Million GBX
Based on the latest financial reports, Merit Group PLC (MRIT) has net assets worth GBX31.28 Million GBX as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX41.17 Million) and total liabilities (GBX9.89 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 | GBX31.28 Million |
| % of Total Assets | 75.98% |
| Annual Growth Rate | 11.68% |
| 5-Year Change | -10.89% |
| 10-Year Change | 29.53% |
| Growth Volatility | 61.1 |
Merit Group PLC - Net Assets Trend (2001–2024)
This chart illustrates how Merit Group 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 Merit Group PLC (2001–2024)
The table below shows the annual net assets of Merit Group PLC from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | GBX31.86 Million | +0.33% |
| 2023-03-31 | GBX31.75 Million | -7.71% |
| 2022-03-31 | GBX34.41 Million | +0.42% |
| 2021-03-31 | GBX34.26 Million | -4.17% |
| 2020-03-31 | GBX35.75 Million | +55.32% |
| 2019-03-31 | GBX23.02 Million | -19.36% |
| 2018-03-31 | GBX28.55 Million | +4.68% |
| 2017-03-31 | GBX27.27 Million | +5.98% |
| 2016-03-31 | GBX25.73 Million | +4.61% |
| 2015-03-31 | GBX24.59 Million | -16.14% |
| 2014-03-31 | GBX29.33 Million | -4.22% |
| 2013-03-31 | GBX30.62 Million | -1.06% |
| 2011-12-31 | GBX30.95 Million | -3.94% |
| 2010-12-31 | GBX32.22 Million | -3.87% |
| 2009-12-31 | GBX33.52 Million | -18.90% |
| 2008-12-31 | GBX41.33 Million | -9.93% |
| 2007-12-31 | GBX45.88 Million | -4.27% |
| 2006-12-31 | GBX47.93 Million | +8.82% |
| 2005-12-31 | GBX44.05 Million | +9.61% |
| 2004-12-31 | GBX40.19 Million | +86.17% |
| 2003-12-31 | GBX21.59 Million | +254.14% |
| 2002-12-31 | GBX6.09 Million | +123.26% |
| 2001-12-31 | GBX2.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merit Group 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 grown by 1054100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX10.54 Million | 33.09% |
| Common Stock | GBX6.71 Million | 21.06% |
| Other Comprehensive Income | GBX13.54 Million | 42.51% |
| Other Components | GBX1.07 Million | 3.35% |
| Total Equity | GBX31.86 Million | 100.00% |
Merit Group PLC Competitors by Market Cap
The table below lists competitors of Merit Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOWER BERSAMA INFRASTRUC.
F:6TB
|
$729.21 |
|
Treet Corporation Ltd
KAR:TREET
|
$730.09 |
|
Egyptian Gulf Marseilia For Real Estate Investment
EGX:MAAL
|
$730.27 |
|
Sui Southern Gas Co Ltd
KAR:SSGC
|
$730.39 |
|
Argyle Resources Corp.
F:ME0
|
$728.59 |
|
Vital Battery Metals Inc.
OTCQB:VBAMF
|
$728.17 |
|
Scholium Group Plc
LSE:SCHO
|
$728.08 |
|
Ice Code Games S.A.
WAR:ICG
|
$727.79 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merit Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 31,754,000 to 31,858,000, a change of 104,000 (0.3%).
- Net income of 194,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 90,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX194.00K | +0.61% |
| Other Comprehensive Income | GBX-90.00K | -0.28% |
| Total Change | GBX- | 0.33% |
Book Value vs Market Value Analysis
This analysis compares Merit Group 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: 18.80x
- 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 187.84x to 18.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | GBX0.13 | GBX25.00 | x |
| 2002-12-31 | GBX0.30 | GBX25.00 | x |
| 2003-12-31 | GBX1.05 | GBX25.00 | x |
| 2004-12-31 | GBX1.96 | GBX25.00 | x |
| 2005-12-31 | GBX2.15 | GBX25.00 | x |
| 2006-12-31 | GBX2.34 | GBX25.00 | x |
| 2007-12-31 | GBX2.24 | GBX25.00 | x |
| 2008-12-31 | GBX2.01 | GBX25.00 | x |
| 2009-12-31 | GBX1.63 | GBX25.00 | x |
| 2010-12-31 | GBX1.57 | GBX25.00 | x |
| 2011-12-31 | GBX1.51 | GBX25.00 | x |
| 2013-03-31 | GBX1.49 | GBX25.00 | x |
| 2014-03-31 | GBX1.43 | GBX25.00 | x |
| 2015-03-31 | GBX1.20 | GBX25.00 | x |
| 2016-03-31 | GBX1.25 | GBX25.00 | x |
| 2017-03-31 | GBX1.33 | GBX25.00 | x |
| 2018-03-31 | GBX1.39 | GBX25.00 | x |
| 2019-03-31 | GBX1.12 | GBX25.00 | x |
| 2020-03-31 | GBX1.74 | GBX25.00 | x |
| 2021-03-31 | GBX1.67 | GBX25.00 | x |
| 2022-03-31 | GBX1.54 | GBX25.00 | x |
| 2023-03-31 | GBX1.33 | GBX25.00 | x |
| 2024-03-31 | GBX1.33 | GBX25.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merit Group 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): 0.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.98%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.33x
- Recent ROE (0.61%) is above the historical average (-4.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.94% | 28.53% | 0.15x | 1.13x | GBX-308.50K |
| 2003 | 4.42% | 20.87% | 0.18x | 1.19x | GBX-1.20 Million |
| 2004 | 4.44% | 12.35% | 0.30x | 1.19x | GBX-2.24 Million |
| 2005 | 3.48% | 5.53% | 0.40x | 1.58x | GBX-2.87 Million |
| 2006 | 4.77% | 5.08% | 0.46x | 2.02x | GBX-2.51 Million |
| 2007 | 0.79% | 1.06% | 0.38x | 1.95x | GBX-4.23 Million |
| 2008 | -9.64% | -19.87% | 0.32x | 1.50x | GBX-8.12 Million |
| 2009 | -23.23% | -44.91% | 0.35x | 1.46x | GBX-11.14 Million |
| 2010 | -4.09% | -8.18% | 0.42x | 1.20x | GBX-4.54 Million |
| 2011 | -2.82% | -5.72% | 0.40x | 1.23x | GBX-3.97 Million |
| 2013 | -26.76% | -54.55% | 0.39x | 1.26x | GBX-11.25 Million |
| 2014 | -4.39% | -6.52% | 0.53x | 1.27x | GBX-4.22 Million |
| 2015 | -19.02% | -25.57% | 0.56x | 1.33x | GBX-7.14 Million |
| 2016 | 4.22% | 5.54% | 0.58x | 1.32x | GBX-1.49 Million |
| 2017 | 5.73% | 7.83% | 0.55x | 1.34x | GBX-1.16 Million |
| 2018 | 3.96% | 5.48% | 0.53x | 1.35x | GBX-1.73 Million |
| 2019 | -24.02% | -25.96% | 0.61x | 1.52x | GBX-7.83 Million |
| 2020 | -3.31% | -4.26% | 0.44x | 1.79x | GBX-4.76 Million |
| 2021 | -7.30% | -10.13% | 0.40x | 1.79x | GBX-5.93 Million |
| 2022 | -4.57% | -5.74% | 0.49x | 1.61x | GBX-5.01 Million |
| 2023 | -8.46% | -14.45% | 0.41x | 1.43x | GBX-5.86 Million |
| 2024 | 0.61% | 0.98% | 0.47x | 1.33x | GBX-2.99 Million |
Industry Comparison
This section compares Merit Group PLC's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $21,045,972
- Average return on equity (ROE) among peers: -529.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merit Group PLC (MRIT) | GBX31.28 Million | 4.94% | 0.32x | $728.69 |
| Computacenter PLC (CCC) | $120.82 Million | 35.83% | 2.90x | $407.06K |
| Eckoh Plc (ECK) | $17.18 Million | 5.50% | 1.38x | $20.49K |
| GSTechnologies Ltd (GST) | $1.82 Million | -26.86% | 1.53x | $961.86 |
| K3 Business Technology Group PLC (KBT) | $32.64 Million | -12.52% | 0.63x | $3.90K |
| Mobilityone Ltd (MBO) | $4.84 Million | 31.47% | 1.59x | $743.68 |
| Made Tech Group PLC (MTEC) | $14.79 Million | -2.08% | 0.43x | $5.04K |
| Redcentric (RCN) | $-3.10 Million | 0.00% | 0.00x | $23.36K |
| The Panoply Holdings plc (TPX) | $10.00K | -4800.00% | 15.70x | $4.17K |
| Triad Group PLC (TRD) | $398.00K | 7.04% | 7.98x | $6.36K |