Adamas Trust, Inc.
Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. The company's targeted residential loans, including business purpose loans; agency RMBS; non-agency residential mortgage-backed securities (RMBS); structured multi-family property investments, such as preferred equity in, and mezzanine loans to ow… Read more
Adamas Trust, Inc. (ADAMG) - Net Assets
Latest net assets as of September 2025: $1.40 Billion USD
Based on the latest financial reports, Adamas Trust, Inc. (ADAMG) has net assets worth $1.40 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.40 Billion) and total liabilities ($11.00 Billion). 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 | $1.40 Billion |
| % of Total Assets | 11.33% |
| Annual Growth Rate | -11.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.36 |
Adamas Trust, Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Adamas Trust, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adamas Trust, Inc. (2020–2024)
The table below shows the annual net assets of Adamas Trust, Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.41 Billion | -13.33% |
| 2023-12-31 | $1.63 Billion | -12.66% |
| 2022-12-31 | $1.86 Billion | -23.34% |
| 2021-12-31 | $2.43 Billion | +5.38% |
| 2020-12-31 | $2.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adamas Trust, Inc.'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 87940700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $906.00K | 0.06% |
| Other Components | $2.82 Billion | 202.51% |
| Total Equity | $1.39 Billion | 100.00% |
Adamas Trust, Inc. Competitors by Market Cap
The table below lists competitors of Adamas Trust, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupa KĘTY SA
WAR:KTY
|
$2.09 Billion |
|
InnoDisk
TWO:5289
|
$2.09 Billion |
|
ComfortDelGro Corporation Limited
STU:VZ1
|
$2.09 Billion |
|
Hisamitsu Pharmaceutical Co. Inc
F:HPX
|
$2.09 Billion |
|
Anyuan Coal Industry Group Co Ltd
SHG:600397
|
$2.09 Billion |
|
Arcutis Biotherapeutics Inc
NASDAQ:ARQT
|
$2.09 Billion |
|
Beijing Highlander Digital Technology Co Ltd
SHE:300065
|
$2.09 Billion |
|
Ford Otomotiv Sanayi AS
IS:FROTO
|
$2.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adamas Trust, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,579,612,000 to 1,394,720,000, a change of -184,892,000 (-11.7%).
- Net loss of 62,029,000 reduced equity.
- Dividend payments of 116,701,000 reduced retained earnings.
- Share repurchases of 3,493,000 reduced equity.
- Other comprehensive income increased equity by 4,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-62.03 Million | -4.45% |
| Dividends Paid | $116.70 Million | -8.37% |
| Share Repurchases | $3.49 Million | -0.25% |
| Other Comprehensive Income | $4.00K | +0.0% |
| Other Changes | $-2.67 Million | -0.19% |
| Total Change | $- | -11.70% |
Book Value vs Market Value Analysis
This analysis compares Adamas Trust, Inc.'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: 1.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.00x to 1.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $24.81 | $24.76 | x |
| 2021-12-31 | $24.58 | $24.76 | x |
| 2022-12-31 | $18.74 | $24.76 | x |
| 2023-12-31 | $17.35 | $24.76 | x |
| 2024-12-31 | $15.36 | $24.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adamas Trust, Inc. 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): -4.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.10%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.61x
- Recent ROE (-4.45%) is above the historical average (-5.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -12.54% | -194.97% | 0.03x | 2.02x | $-518.63 Million |
| 2021 | 8.25% | 50.82% | 0.07x | 2.42x | $-40.90 Million |
| 2022 | -16.90% | -216.21% | 0.02x | 3.53x | $-475.33 Million |
| 2023 | -3.08% | -9.72% | 0.07x | 4.69x | $-206.63 Million |
| 2024 | -4.45% | -11.10% | 0.06x | 6.61x | $-201.50 Million |
Industry Comparison
This section compares Adamas Trust, Inc.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adamas Trust, Inc. (ADAMG) | $1.40 Billion | -12.54% | 7.83x | $2.09 Billion |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |