Digital Brands Group Inc
Digital Brands Group, Inc. engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. The company designs, manufactures, and sells apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, shirts, jackets, pants, shorts, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suit… Read more
Digital Brands Group Inc (DBGIW) - Net Assets
Latest net assets as of September 2024: $19.05K USD
Based on the latest financial reports, Digital Brands Group Inc (DBGIW) has net assets worth $19.05K USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.29 Million) and total liabilities ($23.27 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 | $19.05K |
| % of Total Assets | 0.08% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Digital Brands Group Inc - Net Assets Trend (2019–2023)
This chart illustrates how Digital Brands Group 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 Digital Brands Group Inc (2019–2023)
The table below shows the annual net assets of Digital Brands Group Inc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.60 Million | +121.50% |
| 2022-12-31 | $-7.45 Million | -5.13% |
| 2021-12-31 | $-7.09 Million | -21.03% |
| 2020-12-31 | $-5.86 Million | +18.08% |
| 2019-12-31 | $-7.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Digital Brands Group 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 9137674700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $110.00 | 0.01% |
| Other Comprehensive Income | $-1.00 | 0.00% |
| Other Components | $115.60 Million | 7213.12% |
| Total Equity | $1.60 Million | 100.00% |
Digital Brands Group Inc Competitors by Market Cap
The table below lists competitors of Digital Brands Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EUWAX Aktiengesellschaft
F:EUX
|
$40.39 Million |
|
Many Peaks Minerals Ltd
AU:MPK
|
$40.40 Million |
|
NRX Pharmaceuticals Inc
NASDAQ:NRXP
|
$40.41 Million |
|
Guler Yatirim Holding AS
IS:GLRYH
|
$40.41 Million |
|
Lifevantage Corporation
NASDAQ:LFVN
|
$40.38 Million |
|
Shougang Concord Century Holdings Limited
F:CW7
|
$40.36 Million |
|
Vascon Engineers Limited
NSE:VASCONEQ
|
$40.36 Million |
|
Cementos Bio-B
SN:CEMENTOS
|
$40.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Digital Brands Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -7,453,174 to 1,602,592, a change of 9,055,766.
- Net loss of 10,247,133 reduced equity.
- New share issuances of 19,999,999 increased equity.
- Other comprehensive income decreased equity by 1.
- Other factors decreased equity by 697,099.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.25 Million | -639.41% |
| Share Issuances | $20.00 Million | +1247.98% |
| Other Comprehensive Income | $-1.00 | -0.0% |
| Other Changes | $-697.10K | -43.5% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Digital Brands Group 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: 4.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-1722.52 | $16.00 | x |
| 2020-12-31 | $-1411.14 | $16.00 | x |
| 2021-12-31 | $-1363.16 | $16.00 | x |
| 2022-12-31 | $-2415.94 | $16.00 | x |
| 2023-12-31 | $3.78 | $16.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Digital Brands Group 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): -639.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -68.70%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 15.81x
- Recent ROE (-639.41%) is below the historical average (-127.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -186.34% | 2.37x | 0.00x | $-4.94 Million |
| 2020 | 0.00% | -204.76% | 0.32x | 0.00x | $-10.14 Million |
| 2021 | 0.00% | -426.61% | 0.21x | 0.00x | $-31.65 Million |
| 2022 | 0.00% | -387.56% | 0.41x | 0.00x | $-53.40 Million |
| 2023 | -639.41% | -68.70% | 0.59x | 15.81x | $-10.41 Million |
Industry Comparison
This section compares Digital Brands Group Inc's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $596,574,747
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Digital Brands Group Inc (DBGIW) | $19.05K | 0.00% | 1221.99x | $40.38 Million |
| American Eagle Outfitters Inc (AEO) | $90.81 Million | 21.51% | 0.59x | $2.70 Billion |
| AKA Brands Holding Corp (AKA) | $148.62 Million | -66.54% | 1.43x | $8.64 Million |
| Abercrombie & Fitch Company (ANF) | $1.86 Billion | 6.85% | 0.64x | $3.90 Billion |
| Aritzia Inc (ATZAF) | $112.68 Million | 28.73% | 2.56x | $2.85 Billion |
| Allbirds Inc (BIRD) | $185.33 Million | -82.26% | 0.78x | $17.13 Million |
| Buckle Inc (BKE) | $389.15 Million | 26.84% | 1.23x | $1.53 Billion |
| Boot Barn Holdings Inc (BOOT) | $599.68 Million | 32.09% | 1.00x | $4.86 Billion |
| BrilliA Inc (BRIA) | $6.50 Million | 66.75% | 2.42x | $11.61 Million |
| Burlington Stores Inc (BURL) | $-150.47 Million | 0.00% | 0.00x | $18.67 Billion |
| Boozt AB (publ) (BZTAF) | $2.72 Billion | 8.57% | 1.19x | $605.80 Million |