Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028
Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 operates in various business sectors.
Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 (ABLLL) - Net Assets
Latest net assets as of March 2024: $165.34 Million USD
Based on the latest financial reports, Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 (ABLLL) has net assets worth $165.34 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($376.72 Million) and total liabilities ($211.38 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 | $165.34 Million |
| % of Total Assets | 43.89% |
| Annual Growth Rate | 329.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 368.69 |
Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 - Net Assets Trend (2020–2023)
This chart illustrates how Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 (2020–2023)
The table below shows the annual net assets of Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $164.07 Million | +482.85% |
| 2022-12-31 | $28.15 Million | +933.78% |
| 2021-12-31 | $2.72 Million | +30.67% |
| 2020-12-31 | $2.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028'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 1836.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $198.66 Million | 121.18% |
| Total Equity | $163.93 Million | 100.00% |
Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 Competitors by Market Cap
The table below lists competitors of Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KARELIAN DIA.R. EO-00025
F:KJY1
|
$231.33K |
|
Virpax Pharmaceuticals Inc
NASDAQ:VRPX
|
$231.35K |
|
Dong Ah Tire & Rubber Co. Ltd.
KQ:007340
|
$231.35K |
|
New Mountain Finance Corporation 8.250% Notes due 2028
NASDAQ:NMFCZ
|
$231.59K |
|
PROGRESS-WERK (PWO.SG)
STU:PWO
|
$231.17K |
|
Orlen SA
PR:ORLEN
|
$231.16K |
|
Bushveld Minerals Limited
PINK:BSHVF
|
$231.10K |
|
CANCOM (COK.SG)
STU:COK
|
$231.02K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 27,250,159 to 163,931,793, a change of 136,681,634 (501.6%).
- Net income of 9,516,626 contributed positively to equity growth.
- Dividend payments of 21,792,436 reduced retained earnings.
- Share repurchases of 24,816,135 reduced equity.
- New share issuances of 972,262 increased equity.
- Other factors increased equity by 172,801,317.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.52 Million | +5.81% |
| Dividends Paid | $21.79 Million | -13.29% |
| Share Repurchases | $24.82 Million | -15.14% |
| Share Issuances | $972.26K | +0.59% |
| Other Changes | $172.80 Million | +105.41% |
| Total Change | $- | 501.58% |
Book Value vs Market Value Analysis
This analysis compares Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028'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: 9.90x
- 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 778.42x to 9.90x 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 | $0.03 | $25.61 | x |
| 2021-12-31 | $0.00 | $25.61 | x |
| 2022-12-31 | $0.43 | $25.61 | x |
| 2023-12-31 | $2.59 | $25.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028 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): 5.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.33%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.02x
- Recent ROE (5.81%) is below the historical average (359.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 69.02% | 5.25% | 7.32x | 1.80x | $1.23 Million |
| 2021 | 1246.77% | 4.41% | 4.27x | 66.15x | $989.41K |
| 2022 | 116.26% | 70.86% | 0.76x | 2.17x | $28.96 Million |
| 2023 | 5.81% | 14.33% | 0.20x | 2.02x | $-6.88 Million |
Industry Comparison
This section compares Abacus Life Inc. 9.875% Fixed Rate Senior Notes due 2028's net assets metrics with peer companies in the same industry.
No peer company data available for comparison.