Blue Star Foods Corp
Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized crab meats and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Oceanica, Pa… Read more
Blue Star Foods Corp (BSFC) - Net Assets
Latest net assets as of September 2024: $4.73 Million USD
Based on the latest financial reports, Blue Star Foods Corp (BSFC) has net assets worth $4.73 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.84 Million) and total liabilities ($3.11 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 | $4.73 Million |
| % of Total Assets | 60.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11334.19 |
Blue Star Foods Corp - Net Assets Trend (2016–2023)
This chart illustrates how Blue Star Foods Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blue Star Foods Corp (2016–2023)
The table below shows the annual net assets of Blue Star Foods Corp from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.59 Million | +308.31% |
| 2022-12-31 | $-1.25 Million | -113.99% |
| 2021-12-31 | $8.91 Million | +45260.31% |
| 2020-12-31 | $-19.72K | +96.21% |
| 2019-12-31 | $-519.71K | +36.58% |
| 2018-12-31 | $-819.51K | -22782.37% |
| 2017-12-31 | $3.61K | +100.28% |
| 2016-12-31 | $-1.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Star Foods Corp'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 3192193200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.32K | 0.09% |
| Other Comprehensive Income | $-180.00K | -6.94% |
| Other Components | $36.58 Million | 1409.80% |
| Total Equity | $2.59 Million | 100.00% |
Blue Star Foods Corp Competitors by Market Cap
The table below lists competitors of Blue Star Foods Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BPIC39
SA:BPIC39
|
$112.04K |
|
Cordiant Digital Infrastructure Ltd
LSE:CSRD
|
$112.13K |
|
MTRWS
OTCGREY:MTRWS
|
$112.13K |
|
Ellsworth Convertible Growth & IF
NYSE MKT:ECF
|
$112.22K |
|
CFI-Compagnie Foncière Internationale
PA:CFI
|
$112.00K |
|
Shinsegae Engineering & Construction Co. Ltd.
KQ:034300
|
$111.97K |
|
CMC Markets PLC
LSE:CMCX
|
$111.95K |
|
Coretec Group Inc
PINK:CRTG
|
$111.81K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Star Foods Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1,245,723 to 2,594,922, a change of 3,840,645.
- Net loss of 4,471,612 reduced equity.
- Share repurchases of 76,323 reduced equity.
- New share issuances of 1,854,086 increased equity.
- Other comprehensive income increased equity by 55,858.
- Other factors increased equity by 6,478,636.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.47 Million | -172.32% |
| Share Repurchases | $76.32K | -2.94% |
| Share Issuances | $1.85 Million | +71.45% |
| Other Comprehensive Income | $55.86K | +2.15% |
| Other Changes | $6.48 Million | +249.67% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Blue Star Foods Corp'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: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $-0.09 | $0.05 | x |
| 2017-12-31 | $0.00 | $0.05 | x |
| 2018-12-31 | $-0.51 | $0.05 | x |
| 2019-12-31 | $-0.18 | $0.05 | x |
| 2020-12-31 | $-0.02 | $0.05 | x |
| 2021-12-31 | $8.21 | $0.05 | x |
| 2022-12-31 | $-0.99 | $0.05 | x |
| 2023-12-31 | $25.53 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Star Foods Corp 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): -172.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.01%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.45x
- Recent ROE (-172.32%) is below the historical average (4514.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.11% | 2.38x | 0.00x | $168.28K |
| 2017 | 36329.37% | 3.55% | 9237.98x | 1.11x | $1.31 Million |
| 2018 | 0.00% | -7.03% | 2.39x | 0.00x | $-2.22 Million |
| 2019 | 0.00% | -25.41% | 1.51x | 0.00x | $-6.04 Million |
| 2020 | 0.00% | -43.99% | 1.80x | 0.00x | $-6.21 Million |
| 2021 | -38.85% | -34.69% | 0.63x | 1.79x | $-4.35 Million |
| 2022 | 0.00% | -149.50% | 1.47x | 0.00x | $-18.96 Million |
| 2023 | -172.32% | -73.01% | 0.96x | 2.45x | $-4.73 Million |
Industry Comparison
This section compares Blue Star Foods Corp's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Star Foods Corp (BSFC) | $4.73 Million | 0.00% | 0.66x | $112.01K |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |