CareMax Inc (CMAX) - Net Assets
Based on the latest financial reports, CareMax Inc (CMAX) has net assets worth $-147.76 Million USD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($454.04 Million) and total liabilities ($601.80 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. Check CareMax Inc (CMAX) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-147.76 Million |
| % of Total Assets | -32.54% |
| Annual Growth Rate | 73.78% |
| 5-Year Change | 1142.28% |
| 10-Year Change | N/A |
| Growth Volatility | 2965.77 |
CareMax Inc - Net Assets Trend (2018–2023)
This chart illustrates how CareMax Inc's net assets have evolved over time, based on quarterly financial data. Also explore CareMax Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for CareMax Inc (2018–2023)
The table below shows the annual net assets of CareMax Inc from 2018 to 2023. For live valuation and market cap data, see CareMax Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $61.44 Million | -90.08% |
| 2022-12-31 | $619.55 Million | +22.59% |
| 2021-12-31 | $505.37 Million | +7412.55% |
| 2020-12-31 | $6.73 Million | +36.01% |
| 2019-12-31 | $4.95 Million | +27.55% |
| 2018-12-31 | $3.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CareMax 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 72093800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.00K | 0.02% |
| Other Components | $782.37 Million | 1273.31% |
| Total Equity | $61.44 Million | 100.00% |
CareMax Inc Competitors by Market Cap
The table below lists competitors of CareMax Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Artemis UK Future Leaders plc
LSE:AFL
|
$405.87 |
|
Ordinary Fully Paid Deferred Settlement
AU:RCMDB
|
$414.96 |
|
Pure One Corporation Limited
AU:P1E
|
$416.34 |
|
Ore Resources Limited
AU:OR3
|
$445.81 |
|
Auddia Inc
NASDAQ:AUUDW
|
$374.83 |
|
Data Storage Corporation
NASDAQ:DTSTW
|
$363.65 |
|
Ordinary Fully Paid Deferred Settlement
AU:IPTDA
|
$356.11 |
|
Ageson Bhd
KLSE:7145
|
$350.63 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CareMax Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 619,547,000 to 61,444,000, a change of -558,103,000 (-90.1%).
- Net loss of 683,348,000 reduced equity.
- Other factors increased equity by 125,245,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-683.35 Million | -1112.15% |
| Other Changes | $125.25 Million | +203.84% |
| Total Change | $- | -90.08% |
Book Value vs Market Value Analysis
This analysis compares CareMax 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: 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 |
|---|---|---|---|
| 2018-12-31 | $11.20 | $0.00 | x |
| 2019-12-31 | $14.34 | $0.00 | x |
| 2020-12-31 | $18.69 | $0.00 | x |
| 2021-12-31 | $288.12 | $0.00 | x |
| 2022-12-31 | $204.70 | $0.00 | x |
| 2023-12-31 | $16.48 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CareMax 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): -1112.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -90.98%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 10.14x
- Recent ROE (-1112.15%) is below the historical average (-138.08%), 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 | 86.10% | 4.79% | 8.62x | 2.08x | $3.07 Million |
| 2019 | 116.63% | 6.64% | 3.72x | 4.72x | $5.50 Million |
| 2020 | 88.33% | 5.75% | 2.69x | 5.72x | $5.27 Million |
| 2021 | -1.32% | -2.26% | 0.45x | 1.29x | $-57.21 Million |
| 2022 | -6.10% | -5.99% | 0.54x | 1.89x | $-99.75 Million |
| 2023 | -1112.15% | -90.98% | 1.21x | 10.14x | $-689.49 Million |
Industry Comparison
This section compares CareMax Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $396,991,059
- Average return on equity (ROE) among peers: -54.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CareMax Inc (CMAX) | $-147.76 Million | 86.10% | N/A | $381.50 |
| Aclarion Inc (ACON) | $2.23 Million | -317.55% | 0.31x | $1.99 Million |
| American Well Corp (AMWL) | $480.19 Million | -140.60% | 0.23x | $90.87 Million |
| Heartbeam Inc (BEAT) | $-26.87 Million | 0.00% | 0.00x | $30.37 Million |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG) | $-3.06 Million | 0.00% | 0.00x | $6.51 Million |
| BrightSpring Health Services, Inc. Common Stock (BTSG) | $612.55 Million | -25.24% | 8.03x | $8.82 Billion |
| Carlsmed, Inc. Common Stock (CARL) | $-70.63 Million | 0.00% | 0.00x | $253.42 Million |
| CareCloud Inc. (CCLD) | $101.25 Million | -8.70% | 0.36x | $117.28 Million |
| Certara Inc (CERT) | $492.05 Million | -1.81% | 1.11x | $983.48 Million |
| Claritev Corporation (CTEV) | $1.99 Billion | 0.49% | 3.21x | $277.75 Million |
About CareMax Inc
CareMax, Inc. provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through comme… Read more