Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028
Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insur… Read more
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ) - Net Assets
Latest net assets as of March 2024: $2.89 Million USD
Based on the latest financial reports, Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ) has net assets worth $2.89 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 ($201.23 Million) and total liabilities ($198.34 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 | $2.89 Million |
| % of Total Assets | 1.44% |
| Annual Growth Rate | -18.09% |
| 5-Year Change | -93.24% |
| 10-Year Change | -94.25% |
| Growth Volatility | 57.17 |
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 - Net Assets Trend (2013–2023)
This chart illustrates how Conifer Holdings Inc. 9.75% Senior Unsecured 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 Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (2013–2023)
The table below shows the annual net assets of Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.89 Million | -84.75% |
| 2022-12-31 | $18.95 Million | -53.21% |
| 2021-12-31 | $40.50 Million | -8.80% |
| 2020-12-31 | $44.41 Million | +3.95% |
| 2019-12-31 | $42.73 Million | +1.33% |
| 2018-12-31 | $42.16 Million | -20.19% |
| 2017-12-31 | $52.83 Million | -22.08% |
| 2016-12-31 | $67.79 Million | -12.25% |
| 2015-12-31 | $77.26 Million | +53.67% |
| 2014-12-31 | $50.28 Million | +136.59% |
| 2013-12-31 | $21.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Conifer Holdings Inc. 9.75% Senior Unsecured 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 2350.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $98.10 Million | 3395.64% |
| Other Comprehensive Income | $-14.53 Million | -502.87% |
| Other Components | $6.00 Million | 207.68% |
| Total Equity | $2.89 Million | 100.00% |
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 Competitors by Market Cap
The table below lists competitors of Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
StartEngine Crowdfunding Inc
PINK:STGC
|
$55.64 Million |
|
OENEO S.A. INH. EO 1
F:O64
|
$55.70 Million |
|
BurTech Acquisition Corp
NASDAQ:BRKH
|
$55.70 Million |
|
RHÖN-KLINIKUM Aktiengesellschaft
PINK:RHKJF
|
$55.70 Million |
|
Hyundai Livart Furniture Co Ltd
KO:079430
|
$55.60 Million |
|
Yellow Pages Limited
PINK:YLWDF
|
$55.60 Million |
|
CMBC CAP.HLD.(NEW) -40
F:4C30
|
$55.59 Million |
|
China Strategic Technology Group Limited
PINK:USPCY
|
$55.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 18,950,000 to 2,889,000, a change of -16,061,000 (-84.8%).
- Net loss of 25,904,000 reduced equity.
- Share repurchases of 3,000 reduced equity.
- Other comprehensive income increased equity by 3,675,000.
- Other factors increased equity by 6,171,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.90 Million | -896.64% |
| Share Repurchases | $3.00K | -0.1% |
| Other Comprehensive Income | $3.67 Million | +127.21% |
| Other Changes | $6.17 Million | +213.6% |
| Total Change | $- | -84.75% |
Book Value vs Market Value Analysis
This analysis compares Conifer Holdings Inc. 9.75% Senior Unsecured 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: 82.61x
- 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 increased from 5.88x to 82.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $3.32 | $19.53 | x |
| 2014-12-31 | $7.86 | $19.53 | x |
| 2015-12-31 | $14.39 | $19.53 | x |
| 2016-12-31 | $8.90 | $19.53 | x |
| 2017-12-31 | $6.71 | $19.53 | x |
| 2018-12-31 | $4.93 | $19.53 | x |
| 2019-12-31 | $4.81 | $19.53 | x |
| 2020-12-31 | $4.61 | $19.53 | x |
| 2021-12-31 | $4.18 | $19.53 | x |
| 2022-12-31 | $1.77 | $19.53 | x |
| 2023-12-31 | $0.24 | $19.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Conifer Holdings Inc. 9.75% Senior Unsecured 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): -896.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.23%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 69.65x
- Recent ROE (-896.64%) is below the historical average (-96.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.64% | 0.80% | 0.45x | 4.55x | $-1.78 Million |
| 2014 | -13.79% | -11.38% | 0.37x | 3.26x | $-11.97 Million |
| 2015 | 0.08% | 0.09% | 0.40x | 2.30x | $-7.66 Million |
| 2016 | -12.45% | -8.10% | 0.51x | 3.00x | $-15.22 Million |
| 2017 | -40.78% | -22.36% | 0.40x | 4.52x | $-26.82 Million |
| 2018 | -21.88% | -9.80% | 0.40x | 5.52x | $-13.44 Million |
| 2019 | -19.21% | -8.67% | 0.38x | 5.79x | $-12.48 Million |
| 2020 | -0.55% | -0.23% | 0.41x | 5.89x | $-4.69 Million |
| 2021 | -4.74% | -1.62% | 0.41x | 7.17x | $-5.97 Million |
| 2022 | -58.31% | -10.53% | 0.34x | 16.48x | $-12.94 Million |
| 2023 | -896.64% | -26.23% | 0.49x | 69.65x | $-26.19 Million |
Industry Comparison
This section compares Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028'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 |
|---|---|---|---|---|
| Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ) | $2.89 Million | 1.64% | 68.65x | $55.63 Million |
| 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 |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| 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 |