RA International Group
RA International Group plc provides construction, integrated facilities management, and supply chain services in demanding and remote areas in Africa and internationally. The company's construction services comprise paved roads, gravel roads, temporary bridges, helipads/runway construction, and drainage systems; and brick and mortar, prefabricated, tented, hard wall, soft wall, single-story, mult… Read more
RA International Group (RAI) - Net Assets
Latest net assets as of June 2024: GBX20.55 Million GBX
Based on the latest financial reports, RA International Group (RAI) has net assets worth GBX20.55 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 (GBX50.55 Million) and total liabilities (GBX29.99 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 | GBX20.55 Million |
| % of Total Assets | 40.66% |
| Annual Growth Rate | 14.26% |
| 5-Year Change | -64.14% |
| 10-Year Change | N/A |
| Growth Volatility | 56.82 |
RA International Group - Net Assets Trend (2015–2023)
This chart illustrates how RA International Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RA International Group (2015–2023)
The table below shows the annual net assets of RA International Group from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | GBX24.91 Million | +0.18% |
| 2022-12-31 | GBX24.87 Million | -33.35% |
| 2021-12-31 | GBX37.31 Million | -48.24% |
| 2020-12-31 | GBX72.07 Million | +3.73% |
| 2019-12-31 | GBX69.48 Million | +17.38% |
| 2018-12-31 | GBX59.19 Million | +124.64% |
| 2017-12-31 | GBX26.35 Million | +95.90% |
| 2016-12-31 | GBX13.45 Million | +56.79% |
| 2015-12-31 | GBX8.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RA International Group'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 183.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX18.42 Million | 73.92% |
| Common Stock | GBX24.30 Million | 97.54% |
| Other Comprehensive Income | GBX-17.80 Million | -71.46% |
| Total Equity | GBX24.91 Million | 100.00% |
RA International Group Competitors by Market Cap
The table below lists competitors of RA International Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zim Corp
PINK:ZIMCF
|
$156.96 |
|
Synthesis Energy Systems Inc
PINK:SYNE
|
$157.00 |
|
SANTANDER UK 8 5/8% NON-CUM STLG PRF
LSE:SANB
|
$157.33 |
|
India Capital Growth Fund
LSE:IGC
|
$157.46 |
|
CHINA DAYE NON-FERR
BE:TFTB
|
$156.51 |
|
Nostra Terra Oil and Gas Company PLC
LSE:NTOG
|
$156.42 |
|
SHORE GOLD
BE:GOC
|
$155.95 |
|
VIFRANA
RO:BIOW
|
$155.86 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RA International Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 24,868,000 to 24,914,000, a change of 46,000 (0.2%).
- Net income of 194,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 574,000.
- Other factors increased equity by 426,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX194.00K | +0.78% |
| Other Comprehensive Income | GBX-574.00K | -2.3% |
| Other Changes | GBX426.00K | +1.71% |
| Total Change | GBX- | 0.18% |
Book Value vs Market Value Analysis
This analysis compares RA International Group'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: 5.23x
- 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 15.17x to 5.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | GBX0.05 | GBX0.75 | x |
| 2016-12-31 | GBX0.08 | GBX0.75 | x |
| 2017-12-31 | GBX0.15 | GBX0.75 | x |
| 2018-12-31 | GBX0.38 | GBX0.75 | x |
| 2019-12-31 | GBX0.40 | GBX0.75 | x |
| 2020-12-31 | GBX0.41 | GBX0.75 | x |
| 2021-12-31 | GBX0.22 | GBX0.75 | x |
| 2022-12-31 | GBX0.14 | GBX0.75 | x |
| 2023-12-31 | GBX0.14 | GBX0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RA International Group 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): 0.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.33%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.33x
- Recent ROE (0.78%) is below the historical average (0.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 12.11% | 4.93% | 1.25x | 1.96x | GBX181.16K |
| 2016 | 37.43% | 13.67% | 1.71x | 1.60x | GBX3.69 Million |
| 2017 | 51.89% | 25.67% | 1.64x | 1.23x | GBX11.04 Million |
| 2018 | 16.82% | 18.16% | 0.85x | 1.09x | GBX4.03 Million |
| 2019 | 18.53% | 18.64% | 0.86x | 1.16x | GBX5.93 Million |
| 2020 | 9.11% | 10.19% | 0.71x | 1.26x | GBX-641.40K |
| 2021 | -85.98% | -58.76% | 0.84x | 1.75x | GBX-35.81 Million |
| 2022 | -52.94% | -20.93% | 1.19x | 2.13x | GBX-15.65 Million |
| 2023 | 0.78% | 0.33% | 1.00x | 2.33x | GBX-2.30 Million |
Industry Comparison
This section compares RA International Group's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $75,870,111
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RA International Group (RAI) | GBX20.55 Million | 12.11% | 1.46x | $156.58 |
| Aukett Fitzroy Robinson Group (AUK) | $5.91 Million | 29.22% | 1.41x | $663.98 |
| Billington Holdings PLC (BILN) | $8.58 Million | 11.79% | 1.54x | $6.04K |
| Built Cybernetics plc (BUC) | $2.97 Million | 21.88% | 2.28x | $22.35K |
| Ceps PLC (CEPS) | $3.29 Million | 13.40% | 0.63x | $996.49 |
| Galliford Try PLC (GFRD) | $569.20 Million | 16.22% | 2.37x | $57.86K |
| Hill & Smith Holdings PLC (HILS) | $9.98 Million | 12.25% | 0.88x | $216.88K |
| Morgan Sindall Group PLC (MGNS) | $13.95 Million | -34.06% | 1.84x | $316.21K |
| Nexus Infrastructure plc (NEXS) | $34.14 Million | 7.94% | 2.54x | $1.29K |
| Severfield PLC (SFR) | $34.81 Million | 12.75% | 1.30x | $10.60K |