Hennessy Ad (HNNA) - Net Assets
Based on the latest financial reports, Hennessy Ad (HNNA) has net assets worth $98.91 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($159.56 Million) and total liabilities ($60.65 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 HNNA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $98.91 Million |
| % of Total Assets | 61.99% |
| Annual Growth Rate | 29.28% |
| 5-Year Change | 17.38% |
| 10-Year Change | 161.81% |
| Growth Volatility | 639.26 |
Hennessy Ad - Net Assets Trend (2001–2025)
This chart illustrates how Hennessy Ad's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Hennessy Ad for the complete picture of this company's asset base.
Annual Net Assets for Hennessy Ad (2001–2025)
The table below shows the annual net assets of Hennessy Ad from 2001 to 2025. For live valuation and market cap data, see HNNA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $97.74 Million | +7.04% |
| 2024-09-30 | $91.31 Million | +4.06% |
| 2023-09-30 | $87.75 Million | +1.68% |
| 2022-09-30 | $86.30 Million | +3.65% |
| 2021-09-30 | $83.26 Million | +6.50% |
| 2020-09-30 | $78.18 Million | +3.51% |
| 2019-09-30 | $75.53 Million | +6.41% |
| 2018-09-30 | $70.98 Million | +37.75% |
| 2017-09-30 | $51.53 Million | +38.04% |
| 2016-09-30 | $37.33 Million | +61.64% |
| 2015-09-30 | $23.09 Million | -38.27% |
| 2014-09-30 | $37.41 Million | +25.61% |
| 2013-09-30 | $29.79 Million | +18.09% |
| 2012-09-30 | $25.22 Million | +1.55% |
| 2011-09-30 | $24.84 Million | +1.39% |
| 2010-09-30 | $24.50 Million | +1.57% |
| 2009-09-30 | $24.12 Million | -1.64% |
| 2008-09-30 | $24.52 Million | +5.00% |
| 2007-09-30 | $23.36 Million | +23.25% |
| 2006-09-30 | $18.95 Million | +38.53% |
| 2005-09-30 | $13.68 Million | +27.75% |
| 2004-09-30 | $10.71 Million | +36.64% |
| 2003-09-30 | $7.84 Million | +15.11% |
| 2002-09-30 | $6.81 Million | +3211.70% |
| 2001-09-30 | $205.57K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hennessy Ad'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 grown by 7460428000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $74.26 Million | 75.98% |
| Common Stock | $23.48 Million | 24.02% |
| Total Equity | $97.74 Million | 100.00% |
Hennessy Ad Competitors by Market Cap
The table below lists competitors of Hennessy Ad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sutro Biopharma
NASDAQ:STRO
|
$79.09 Million |
|
Ksolves India Limited
NSE:KSOLVES
|
$79.10 Million |
|
Sandon Capital Investments Ltd
AU:SNC
|
$79.15 Million |
|
HANSARD GLOBAL PLC LS-50
F:H9G
|
$79.15 Million |
|
BitNine Co. Ltd.
KQ:357880
|
$79.05 Million |
|
Advero Properties SOCIMI S.A.
MC:YADV
|
$79.03 Million |
|
Horizon Space Acquisition II Corp. Ordinary share
NASDAQ:HSPT
|
$79.00 Million |
|
Tenax Therapeutics Inc
NASDAQ:TENX
|
$78.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hennessy Ad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 91,311,000 to 97,736,000, a change of 6,425,000 (7.0%).
- Net income of 9,960,000 contributed positively to equity growth.
- Dividend payments of 4,204,000 reduced retained earnings.
- Share repurchases of 459,000 reduced equity.
- New share issuances of 7,000 increased equity.
- Other factors increased equity by 1,121,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.96 Million | +10.19% |
| Dividends Paid | $4.20 Million | -4.3% |
| Share Repurchases | $459.00K | -0.47% |
| Share Issuances | $7.00K | +0.01% |
| Other Changes | $1.12 Million | +1.15% |
| Total Change | $- | 7.04% |
Book Value vs Market Value Analysis
This analysis compares Hennessy Ad'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: 0.80x
- 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.
- The price-to-book ratio has decreased from 233.53x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-09-30 | $0.04 | $10.02 | x |
| 2002-09-30 | $1.00 | $10.02 | x |
| 2003-09-30 | $0.95 | $10.02 | x |
| 2004-09-30 | $1.24 | $10.02 | x |
| 2005-09-30 | $1.55 | $10.02 | x |
| 2006-09-30 | $2.10 | $10.02 | x |
| 2007-09-30 | $2.63 | $10.02 | x |
| 2008-09-30 | $2.84 | $10.02 | x |
| 2009-09-30 | $2.83 | $10.02 | x |
| 2010-09-30 | $2.86 | $10.02 | x |
| 2011-09-30 | $2.88 | $10.02 | x |
| 2012-09-30 | $2.92 | $10.02 | x |
| 2013-09-30 | $3.42 | $10.02 | x |
| 2014-09-30 | $4.23 | $10.02 | x |
| 2015-09-30 | $2.58 | $10.02 | x |
| 2016-09-30 | $4.84 | $10.02 | x |
| 2017-09-30 | $6.61 | $10.02 | x |
| 2018-09-30 | $9.00 | $10.02 | x |
| 2019-09-30 | $9.72 | $10.02 | x |
| 2020-09-30 | $10.60 | $10.02 | x |
| 2021-09-30 | $11.24 | $10.02 | x |
| 2022-09-30 | $11.42 | $10.02 | x |
| 2023-09-30 | $11.54 | $10.02 | x |
| 2024-09-30 | $11.83 | $10.02 | x |
| 2025-09-30 | $12.48 | $10.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hennessy Ad 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): 10.19%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.03%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.64x
- Recent ROE (10.19%) is below the historical average (18.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 96.68% | 11.87% | 0.39x | 20.90x | $178.18K |
| 2002 | 4.56% | 13.60% | 0.33x | 1.02x | $-368.77K |
| 2003 | 13.55% | 22.18% | 0.52x | 1.17x | $278.33K |
| 2004 | 25.82% | 28.97% | 0.48x | 1.86x | $1.69 Million |
| 2005 | 22.95% | 26.16% | 0.41x | 2.13x | $1.77 Million |
| 2006 | 23.23% | 26.00% | 0.51x | 1.75x | $2.51 Million |
| 2007 | 17.70% | 25.72% | 0.45x | 1.53x | $1.80 Million |
| 2008 | 6.57% | 15.68% | 0.30x | 1.40x | $-841.30K |
| 2009 | -0.81% | -3.35% | 0.19x | 1.25x | $-2.61 Million |
| 2010 | 3.73% | 11.82% | 0.24x | 1.30x | $-1.54 Million |
| 2011 | 4.89% | 15.89% | 0.24x | 1.29x | $-1.27 Million |
| 2012 | 3.85% | 13.73% | 0.21x | 1.30x | $-1.55 Million |
| 2013 | 16.18% | 19.83% | 0.33x | 2.51x | $1.84 Million |
| 2014 | 20.49% | 22.21% | 0.46x | 2.01x | $3.93 Million |
| 2015 | 49.31% | 25.46% | 0.61x | 3.17x | $9.08 Million |
| 2016 | 38.49% | 27.95% | 0.61x | 2.28x | $10.63 Million |
| 2017 | 29.00% | 28.22% | 0.54x | 1.90x | $9.79 Million |
| 2018 | 29.04% | 37.76% | 0.50x | 1.54x | $13.52 Million |
| 2019 | 14.61% | 25.82% | 0.39x | 1.46x | $3.48 Million |
| 2020 | 10.03% | 23.48% | 0.35x | 1.21x | $23.20K |
| 2021 | 9.49% | 24.12% | 0.32x | 1.22x | $-424.20K |
| 2022 | 7.17% | 20.86% | 0.21x | 1.66x | $-2.44 Million |
| 2023 | 5.44% | 19.86% | 0.16x | 1.66x | $-4.00 Million |
| 2024 | 7.77% | 23.94% | 0.19x | 1.67x | $-2.03 Million |
| 2025 | 10.19% | 28.03% | 0.22x | 1.64x | $186.40K |
Industry Comparison
This section compares Hennessy Ad's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hennessy Ad (HNNA) | $98.91 Million | 96.68% | 0.61x | $79.08 Million |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Hennessy Ad
Hennessy Advisors, Inc. is an publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments… Read more