Highest Performances Holdings Inc. (HPH) - Net Assets
Based on the latest financial reports, Highest Performances Holdings Inc. (HPH) has net assets worth $2.64 Billion USD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.28 Billion) and total liabilities ($1.64 Billion). 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 Highest Performances Holdings Inc. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.64 Billion |
| % of Total Assets | 61.71% |
| Annual Growth Rate | 49.44% |
| 5-Year Change | 612.51% |
| 10-Year Change | N/A |
| Growth Volatility | 388.58 |
Highest Performances Holdings Inc. - Net Assets Trend (2017–2024)
This chart illustrates how Highest Performances Holdings Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Highest Performances Holdings Inc. assets under control for the complete picture of this company's asset base.
Annual Net Assets for Highest Performances Holdings Inc. (2017–2024)
The table below shows the annual net assets of Highest Performances Holdings Inc. from 2017 to 2024. For live valuation and market cap data, see HPH stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $2.64 Billion | +1116.26% |
| 2023-06-30 | $217.03 Million | -16.54% |
| 2022-06-30 | $260.05 Million | -18.81% |
| 2021-06-30 | $320.30 Million | -13.54% |
| 2020-06-30 | $370.48 Million | -8.20% |
| 2019-06-30 | $403.58 Million | +108.40% |
| 2018-06-30 | $193.65 Million | +22.14% |
| 2017-06-30 | $158.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Highest Performances Holdings 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 664.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.62 Million | 0.20% |
| Other Comprehensive Income | $20.77 Million | 1.62% |
| Other Components | $1.58 Billion | 123.18% |
| Total Equity | $1.29 Billion | 100.00% |
Highest Performances Holdings Inc. Competitors by Market Cap
The table below lists competitors of Highest Performances Holdings Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flux Power Holdings Inc
NASDAQ:FLUX
|
$27.53 Million |
|
Iconic Worldwide Bhd
KLSE:9113
|
$27.53 Million |
|
VRX Silica Ltd
AU:VRX
|
$27.54 Million |
|
Evergreen Fibreboard Bhd
KLSE:5101
|
$27.57 Million |
|
China Aoyuan Group Limited
F:47C
|
$27.52 Million |
|
Scienjoy Holding Corp
NASDAQ:SJ
|
$27.52 Million |
|
Global Vectra Helicorp Limited
NSE:GLOBALVECT
|
$27.52 Million |
|
Bowen Acquisition Corp Ordinary Shares
NASDAQ:BOWN
|
$27.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highest Performances Holdings Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 217,034,000 to 1,285,122,000, a change of 1,068,088,000 (492.1%).
- Net loss of 289,670,000 reduced equity.
- Share repurchases of 10,028,000 reduced equity.
- New share issuances of 44,968,000 increased equity.
- Other comprehensive income decreased equity by 2,467,000.
- Other factors increased equity by 1,325,285,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-289.67 Million | -22.54% |
| Share Repurchases | $10.03 Million | -0.78% |
| Share Issuances | $44.97 Million | +3.5% |
| Other Comprehensive Income | $-2.47 Million | -0.19% |
| Other Changes | $1.33 Billion | +103.13% |
| Total Change | $- | 492.13% |
Book Value vs Market Value Analysis
This analysis compares Highest Performances Holdings 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: 0.54x
- 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 1.59x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | $4.18 | $6.65 | x |
| 2018-06-30 | $5.20 | $6.65 | x |
| 2019-06-30 | $10.60 | $6.65 | x |
| 2020-06-30 | $9.15 | $6.65 | x |
| 2021-06-30 | $7.97 | $6.65 | x |
| 2022-06-30 | $6.47 | $6.65 | x |
| 2023-06-30 | $5.40 | $6.65 | x |
| 2024-06-30 | $12.42 | $6.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highest Performances Holdings 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): -22.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.89%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 3.33x
- Recent ROE (-22.54%) is below the historical average (-1.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 25.43% | 24.29% | 0.81x | 1.29x | $22.94 Million |
| 2018 | 34.96% | 38.96% | 0.73x | 1.22x | $46.12 Million |
| 2019 | 13.37% | 26.34% | 0.42x | 1.20x | $13.49 Million |
| 2020 | -8.94% | -25.41% | 0.30x | 1.18x | $-69.70 Million |
| 2021 | -14.48% | -24.25% | 0.41x | 1.46x | $-78.40 Million |
| 2022 | -23.33% | -32.14% | 0.41x | 1.78x | $-86.67 Million |
| 2023 | -20.08% | -38.08% | 0.43x | 1.22x | $-65.28 Million |
| 2024 | -22.54% | -13.89% | 0.49x | 3.33x | $-418.18 Million |
Industry Comparison
This section compares Highest Performances Holdings Inc.'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 |
|---|---|---|---|---|
| Highest Performances Holdings Inc. (HPH) | $2.64 Billion | 25.43% | 0.62x | $27.53 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 Highest Performances Holdings Inc.
Highest Performances Holdings Inc. engages in the provision of financial technology services in China. It operates through three segment: Insurance Agency; Claims Adjusting; and Wealth Management. The company distributes publicly raised fund and privately raised securities investment fund products through online and offline. It also offers insurance consulting, trust consulting, asset management,… Read more