BT Brands Inc. Warrant
BT Brands, Inc. owns and operates fast-food restaurants in the north central region of United States. The company operates Burger Time restaurants located in Minnesota, North Dakota, and South Dakota; and a Dairy Queen franchise in Ham Lake, Minnesota. Its Burger Time restaurants provide various burgers and other food products, such as chicken sandwiches, pulled pork sandwiches, chicken chunks, s… Read more
BT Brands Inc. Warrant (BTBDW) - Net Assets
Latest net assets as of September 2024: $8.50 Million USD
Based on the latest financial reports, BT Brands Inc. Warrant (BTBDW) has net assets worth $8.50 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 ($13.68 Million) and total liabilities ($5.18 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 | $8.50 Million |
| % of Total Assets | 62.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.51 |
BT Brands Inc. Warrant - Net Assets Trend (2018–2023)
This chart illustrates how BT Brands Inc. Warrant's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BT Brands Inc. Warrant (2018–2023)
The table below shows the annual net assets of BT Brands Inc. Warrant from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $9.19 Million | -9.49% |
| 2022-12-31 | $10.15 Million | -4.48% |
| 2021-12-31 | $10.63 Million | +1613.35% |
| 2020-12-31 | $-702.32K | +49.70% |
| 2019-12-31 | $-1.40 Million | -34.10% |
| 2018-12-31 | $-1.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BT Brands Inc. Warrant'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 51638700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.49K | 0.14% |
| Other Components | $11.23 Million | 122.17% |
| Total Equity | $9.19 Million | 100.00% |
BT Brands Inc. Warrant Competitors by Market Cap
The table below lists competitors of BT Brands Inc. Warrant ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sarama Resources Ltd
PINK:SRMMF
|
$614.91K |
|
EPLUS (MLE.SG)
STU:MLE
|
$614.99K |
|
RM2 International Inc.
PINK:RMTO
|
$615.12K |
|
Niagara Mohawk Power Corp
NYSE:NMKBP
|
$616.16K |
|
Engineer Gold Mines Ltd
PINK:EGMLF
|
$614.21K |
|
FINMECCANICA
HM:FMNB
|
$614.15K |
|
FireFox Gold Corp
OTCQB:FFOXF
|
$613.99K |
|
Gulf Resources Inc
F:R29B
|
$613.81K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BT Brands Inc. Warrant's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,152,622 to 9,188,729, a change of -963,893 (-9.5%).
- Net loss of 887,368 reduced equity.
- Share repurchases of 250,525 reduced equity.
- Other factors increased equity by 174,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-887.37K | -9.66% |
| Share Repurchases | $250.53K | -2.73% |
| Other Changes | $174.00K | +1.89% |
| Total Change | $- | -9.49% |
Book Value vs Market Value Analysis
This analysis compares BT Brands Inc. Warrant'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: 0.14x
- 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 |
|---|---|---|---|
| 2018-12-31 | $-0.26 | $0.20 | x |
| 2019-12-31 | $-0.35 | $0.20 | x |
| 2020-12-31 | $-0.17 | $0.20 | x |
| 2021-12-31 | $2.43 | $0.20 | x |
| 2022-12-31 | $1.57 | $0.20 | x |
| 2023-12-31 | $1.47 | $0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BT Brands Inc. Warrant 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): -9.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.30%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.59x
- Recent ROE (-9.66%) is below the historical average (-1.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.30% | 2.16x | 0.00x | $124.93K |
| 2019 | 0.00% | -5.69% | 2.46x | 0.00x | $-228.95K |
| 2020 | 0.00% | 9.71% | 2.41x | 0.00x | $862.22K |
| 2021 | 5.72% | 7.19% | 0.58x | 1.36x | $-455.01K |
| 2022 | -5.54% | -4.46% | 0.75x | 1.65x | $-1.58 Million |
| 2023 | -9.66% | -6.30% | 0.96x | 1.59x | $-1.81 Million |
Industry Comparison
This section compares BT Brands Inc. Warrant's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BT Brands Inc. Warrant (BTBDW) | $8.50 Million | 0.00% | 0.61x | $614.32K |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |