GSE Systems Inc
GSE Systems, Inc. engages in the provision of professional and technical engineering services, staffing services, and simulation software to clients in the power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments: Engineering and Workforce Solutions. The Engineering segment provides various technical engineering services for ASME programs; … Read more
GSE Systems Inc (GVP) - Net Assets
Latest net assets as of June 2024: $2.77 Million USD
Based on the latest financial reports, GSE Systems Inc (GVP) has net assets worth $2.77 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 ($20.32 Million) and total liabilities ($17.55 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 | $2.77 Million |
| % of Total Assets | 13.65% |
| Annual Growth Rate | -4.71% |
| 5-Year Change | -80.42% |
| 10-Year Change | -77.5% |
| Growth Volatility | 143.95 |
GSE Systems Inc - Net Assets Trend (1995–2023)
This chart illustrates how GSE Systems 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 GSE Systems Inc (1995–2023)
The table below shows the annual net assets of GSE Systems Inc from 1995 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $5.34 Million | -47.79% |
| 2022-12-31 | $10.23 Million | -55.60% |
| 2021-12-31 | $23.04 Million | +119.35% |
| 2020-12-31 | $10.51 Million | -61.50% |
| 2019-12-31 | $27.29 Million | -12.34% |
| 2018-12-31 | $31.13 Million | +4.91% |
| 2017-12-31 | $29.67 Million | +40.73% |
| 2016-12-31 | $21.09 Million | +14.79% |
| 2015-12-31 | $18.37 Million | -22.63% |
| 2014-12-31 | $23.74 Million | -21.87% |
| 2013-12-31 | $30.39 Million | -25.58% |
| 2012-12-31 | $40.83 Million | +5.28% |
| 2011-12-31 | $38.78 Million | +5.09% |
| 2010-12-31 | $36.91 Million | -0.64% |
| 2009-12-31 | $37.14 Million | +79.43% |
| 2008-12-31 | $20.70 Million | +1.64% |
| 2007-12-31 | $20.36 Million | +176.66% |
| 2006-12-31 | $7.36 Million | +720.62% |
| 2005-12-31 | $897.00K | -84.91% |
| 2004-12-31 | $5.95 Million | +4.68% |
| 2003-12-31 | $5.68 Million | -29.98% |
| 2002-12-31 | $8.11 Million | -41.45% |
| 2001-12-31 | $13.85 Million | +58.98% |
| 2000-12-31 | $8.71 Million | -49.25% |
| 1999-12-31 | $17.17 Million | +0.41% |
| 1998-12-31 | $17.10 Million | +7.55% |
| 1997-12-31 | $15.90 Million | -35.63% |
| 1996-12-31 | $24.70 Million | +19.90% |
| 1995-12-31 | $20.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GSE Systems 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 7800800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $32.00K | 0.60% |
| Other Comprehensive Income | $34.00K | 0.64% |
| Other Components | $83.98 Million | 1572.15% |
| Total Equity | $5.34 Million | 100.00% |
GSE Systems Inc Competitors by Market Cap
The table below lists competitors of GSE Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yao I Fabric Co Ltd
TWO:4430
|
$13.85 Million |
|
Kentucky First Federal Bancorp
NASDAQ:KFFB
|
$13.85 Million |
|
Secuve Co. Ltd
KQ:131090
|
$13.85 Million |
|
Nam Liong Global Corp
TWO:5450
|
$13.85 Million |
|
Excelsior Biopharma
TWO:6496
|
$13.84 Million |
|
Norsemont Mining Inc
PINK:NRRSF
|
$13.84 Million |
|
Korea Eng Cons
KO:023350
|
$13.84 Million |
|
HiTi Digital Inc
TW:3494
|
$13.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GSE Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,231,000 to 5,342,000, a change of -4,889,000 (-47.8%).
- Net loss of 8,724,000 reduced equity.
- Share repurchases of 190,000 reduced equity.
- Other comprehensive income increased equity by 28,000.
- Other factors increased equity by 3,997,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.72 Million | -163.31% |
| Share Repurchases | $190.00K | -3.56% |
| Other Comprehensive Income | $28.00K | +0.52% |
| Other Changes | $4.00 Million | +74.82% |
| Total Change | $- | -47.79% |
Book Value vs Market Value Analysis
This analysis compares GSE Systems 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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.86x to 2.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $5.36 | $4.59 | x |
| 1996-12-31 | $4.85 | $4.59 | x |
| 1997-12-31 | $3.14 | $4.59 | x |
| 1998-12-31 | $3.30 | $4.59 | x |
| 1999-12-31 | $3.40 | $4.59 | x |
| 2000-12-31 | $1.68 | $4.59 | x |
| 2001-12-31 | $2.67 | $4.59 | x |
| 2002-12-31 | $1.38 | $4.59 | x |
| 2003-12-31 | $0.87 | $4.59 | x |
| 2004-12-31 | $0.59 | $4.59 | x |
| 2005-12-31 | $0.10 | $4.59 | x |
| 2006-12-31 | $0.82 | $4.59 | x |
| 2007-12-31 | $1.45 | $4.59 | x |
| 2008-12-31 | $1.31 | $4.59 | x |
| 2009-12-31 | $2.19 | $4.59 | x |
| 2010-12-31 | $1.94 | $4.59 | x |
| 2011-12-31 | $20.28 | $4.59 | x |
| 2012-12-31 | $22.12 | $4.59 | x |
| 2013-12-31 | $16.74 | $4.59 | x |
| 2014-12-31 | $13.27 | $4.59 | x |
| 2015-12-31 | $10.27 | $4.59 | x |
| 2016-12-31 | $11.39 | $4.59 | x |
| 2017-12-31 | $14.93 | $4.59 | x |
| 2018-12-31 | $15.80 | $4.59 | x |
| 2019-12-31 | $13.60 | $4.59 | x |
| 2020-12-31 | $5.14 | $4.59 | x |
| 2021-12-31 | $11.10 | $4.59 | x |
| 2022-12-31 | $4.79 | $4.59 | x |
| 2023-12-31 | $2.15 | $4.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GSE Systems 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): -163.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.37%
- • Asset Turnover: 1.98x
- • Equity Multiplier: 4.27x
- Recent ROE (-163.31%) is below the historical average (-42.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 16.99% | 4.10% | 1.66x | 2.50x | $1.44 Million |
| 1996 | 16.60% | 4.27% | 1.88x | 2.06x | $1.63 Million |
| 1997 | -54.72% | -10.92% | 1.65x | 3.04x | $-10.29 Million |
| 1998 | 8.19% | 1.90% | 1.52x | 2.85x | $-310.00K |
| 1999 | 0.59% | 0.15% | 1.55x | 2.51x | $-1.62 Million |
| 2000 | -101.16% | -15.82% | 1.55x | 4.13x | $-9.69 Million |
| 2001 | 1.87% | 0.51% | 1.49x | 2.43x | $-1.13 Million |
| 2002 | -73.27% | -13.78% | 1.49x | 3.56x | $-6.75 Million |
| 2003 | -62.19% | -14.12% | 1.51x | 2.91x | $-4.10 Million |
| 2004 | 1.98% | 0.40% | 2.07x | 2.39x | $-476.50K |
| 2005 | -534.56% | -21.85% | 1.83x | 13.36x | $-4.88 Million |
| 2006 | -4.70% | -1.26% | 1.49x | 2.51x | $-1.08 Million |
| 2007 | 5.74% | 3.66% | 1.12x | 1.39x | $-867.50K |
| 2008 | -3.33% | -2.38% | 0.94x | 1.50x | $-2.76 Million |
| 2009 | -2.15% | -1.99% | 0.81x | 1.33x | $-4.51 Million |
| 2010 | -6.09% | -4.76% | 0.88x | 1.45x | $-5.94 Million |
| 2011 | 7.22% | 5.48% | 0.87x | 1.52x | $-1.08 Million |
| 2012 | 2.88% | 2.25% | 0.84x | 1.53x | $-2.91 Million |
| 2013 | -34.59% | -22.10% | 0.97x | 1.61x | $-13.55 Million |
| 2014 | -28.40% | -17.77% | 0.82x | 1.94x | $-9.12 Million |
| 2015 | -25.62% | -8.28% | 1.44x | 2.14x | $-6.54 Million |
| 2016 | 6.74% | 2.68% | 0.99x | 2.54x | $-686.50K |
| 2017 | 18.15% | 7.60% | 1.25x | 1.92x | $2.42 Million |
| 2018 | -1.14% | -0.38% | 1.50x | 1.97x | $-3.47 Million |
| 2019 | -18.02% | -5.92% | 1.26x | 2.41x | $-7.64 Million |
| 2020 | -100.30% | -18.29% | 1.48x | 3.70x | $-11.59 Million |
| 2021 | 46.03% | 19.22% | 1.41x | 1.69x | $8.30 Million |
| 2022 | -149.97% | -32.14% | 1.80x | 2.59x | $-16.37 Million |
| 2023 | -163.31% | -19.37% | 1.98x | 4.27x | $-9.26 Million |
Industry Comparison
This section compares GSE Systems Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GSE Systems Inc (GVP) | $2.77 Million | 16.99% | 6.33x | $13.84 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |