Ocean Harvest Technology Group PLC
Ocean Harvest Technology Group plc, together with its subsidiaries, engages in the research, development, production, and sale of seaweed blend ingredients for the animal feed market in the United Kingdom, North America, and Asia. The company's products portfolio comprises Bovine products to increase milk and milk fat, and protein yields; poultry products to improve feed efficiency, reduce mortal… Read more
Ocean Harvest Technology Group PLC (OHT) - Net Assets
Latest net assets as of June 2024: GBX3.42 Million GBX
Based on the latest financial reports, Ocean Harvest Technology Group PLC (OHT) has net assets worth GBX3.42 Million GBX as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX4.15 Million) and total liabilities (GBX728.28K). 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 | GBX3.42 Million |
| % of Total Assets | 82.45% |
| Annual Growth Rate | 62.58% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 626.29 |
Ocean Harvest Technology Group PLC - Net Assets Trend (2020–2023)
This chart illustrates how Ocean Harvest Technology 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 Ocean Harvest Technology Group PLC (2020–2023)
The table below shows the annual net assets of Ocean Harvest Technology Group PLC from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | GBX5.11 Million | +1344.86% |
| 2022-12-31 | GBX353.85K | -88.32% |
| 2021-12-31 | GBX3.03 Million | +154.40% |
| 2020-12-31 | GBX1.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ocean Harvest Technology 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 decreased by 765266600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX1.48 Million | 24.77% |
| Other Comprehensive Income | GBX224.16K | 3.76% |
| Other Components | GBX35.07 Million | 587.90% |
| Total Equity | GBX5.97 Million | 100.00% |
Ocean Harvest Technology Group PLC Competitors by Market Cap
The table below lists competitors of Ocean Harvest Technology Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Marwyn Value Investors Limited
LSE:MVI
|
$153.77 |
|
International Luxury Products Inc
PINK:ILXP
|
$153.81 |
|
JLM Couture Inc.
PINK:JLMCQ
|
$154.00 |
|
Alsons Consolidated Resources Inc
PSE:ACR
|
$154.51 |
|
FSRF11F
SA:FSRF11F
|
$153.02 |
|
Onward Opportunities Ltd
LSE:ONWD
|
$152.63 |
|
JPMorgan Emerging Markets Ord
LSE:JMG
|
$152.44 |
|
Vantage Equities Inc
PSE:V
|
$152.32 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ocean Harvest Technology Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 353,852 to 5,965,529, a change of 5,611,677 (1585.9%).
- Net loss of 3,405,998 reduced equity.
- New share issuances of 6,945,481 increased equity.
- Other comprehensive income increased equity by 224,159.
- Other factors increased equity by 1,848,035.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-3.41 Million | -57.09% |
| Share Issuances | GBX6.95 Million | +116.43% |
| Other Comprehensive Income | GBX224.16K | +3.76% |
| Other Changes | GBX1.85 Million | +30.98% |
| Total Change | GBX- | 1585.88% |
Book Value vs Market Value Analysis
This analysis compares Ocean Harvest Technology 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: 21.10x
- 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 105.67x to 21.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | GBX0.01 | GBX1.00 | x |
| 2021-12-31 | GBX0.02 | GBX1.00 | x |
| 2022-12-31 | GBX0.00 | GBX1.00 | x |
| 2023-12-31 | GBX0.05 | GBX1.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ocean Harvest Technology 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): -57.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -101.14%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 0.93x
- Recent ROE (-57.09%) is above the historical average (-250.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -98.57% | -83.32% | 0.71x | 1.65x | GBX-1.29 Million |
| 2021 | -46.60% | -69.76% | 0.50x | 1.34x | GBX-1.71 Million |
| 2022 | -801.43% | -110.50% | 0.69x | 10.52x | GBX-2.87 Million |
| 2023 | -57.09% | -101.14% | 0.61x | 0.93x | GBX-4.00 Million |
Industry Comparison
This section compares Ocean Harvest Technology Group PLC's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $67,756,732
- Average return on equity (ROE) among peers: -836.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ocean Harvest Technology Group PLC (OHT) | GBX3.42 Million | -98.57% | 0.21x | $153.13 |
| Anpario Plc (ANP) | $33.15 Million | 12.07% | 0.15x | $11.75K |
| Applied Nutrition Plc (APN) | $48.02 Million | 38.84% | 0.24x | $77.41K |
| Benchmark Holdings Plc (BMK) | $279.60 Million | -4.14% | 0.72x | $16.51K |
| Carr's Group plc (CARR) | $21.37 Million | 13.66% | 1.34x | $8.72K |
| Fevara plc (FVA) | $110.09 Million | 8.75% | 0.84x | $141.81 |
| Greencore Group (GNC) | $134.90 Million | -20.93% | 5.22x | $143.86K |
| Premier Foods PLC (PFD) | $-18.00 Million | 0.00% | 0.00x | $202.13K |
| MicroSalt PLC (SALT) | $11.00K | -7563.64% | 11.55x | $3.48K |
| Science in Sport plc (SIS) | $674.14K | -14.42% | 3.59x | $9.38K |